As filed with the Securities and Exchange Commission on June 17, 2016 


Registration No. 333-210250

UNITED STATES

U. S. SECURITIES AND EXCHANGE COMMISSION


Washington, D. C.D.C. 20549


FORM S-1/A

(Amendment No. 51)

to

FORM S-1


REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933


SECURE NETCHECKINMOXIAN, INC.


(NameExact name of Registrantregistrant as specified in its Charter)charter)


employer
identification number)
Nevada

Nevada7370

7371

27-3729742

(State or Jurisdictionother jurisdiction of

Incorporation
incorporation or Organization)

organization)

(Primary Standard Industrial

Classification Code Number)

standard industrial
classification code number)

(I.R.S. Employer

Identification No.)


Brandi L. DeFoor

President and Chief Executive Officer

SECURE NetCheckIn Inc.

13118 Lamar Ave

Overland Park, KS 66209

913.945.1290Block A, 9/F, Union Plaza
5022 Binjiang Avenue
Futian District Shenzhen City, Guangdong Province, China
+86 (0)755-66803251

(Address, including zip code, and Telephone Numbertelephone number, including area code, of Principal Executive Offices)registrant’s principal executive offices)


228 Park Ave South, #82217 

Capitol Corporate Services, Inc.

202 South Minnesota Street Carson City, NV 89703

775.844.0490New York, NY 10003

(U.S. correspondence address of registrant)

VCorp Services, LLC
25 Robert Pitt Dr #204,
Monsey, NY 10952
(845) 425-0077
(Name, Addressaddress, including zip code, and Telephone Numbertelephone number, including area code, of Agentagent for Service)service)


Copies of all communications to:

Mitchell S. Nussbaum, Esq.
David Levine, Esq.

Tahra Wright, Esq.

Loeb & Loeb LLP
345 Park Avenue
New York, New York 10154
(212) 407-4000
Fax: (212) 937-3943

Ralph V. De Martino, Esq.

Cavas S. Pavri, Esq.

F. Alec Orudjev, Esq.

Schiff Hardin LLP

901 K Street, Suite 700

Washington, DC 20001

(202) 778-6400

Sheila L. Seck, Esq.

Seck & Associates LLC

7285 W 132nd Street Suite 240

Overland Park, KS 66213

913.232.2270


Approximate Datedate of Commencementcommencement of Proposed Saleproposed sale to the Publicpublic:: As soon as practicable after the effective date of this Registration Statement.


registration statement.

If any of the securities being registered on this formForm are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933 check the following box. o

If this formForm is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o


If this formForm is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o


If this formForm is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. o


If this form is filed to register securities for an offering to be made on a continuous or delayed basis pursuant to Rule 415 under the Securities Act, please check the following box.  



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

Large Accelerated Filer ☐

Large accelerated filer

o

Accelerated filer

o

Non-accelerated filer


(Do not check if smaller reporting company)

o

Smaller reporting company




CALCULATION OF REGISTRATION FEE




Range of Common

Securities to Be Registered

 

  Amount to Be 

Registered

 

Proposed 

Offering Price per Share(1)  

 

Proposed 

Aggregate Offering Price(3)

 

Amount of 

Registration Fee(4)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common Stock

 

 

900,000

 


$0.20

 


$180,000

 


$20.90(3)


Title of Each Class of Security Being Registered Proposed Maximum Aggregate Offering Price(1)  Amount of Registration Fee(2) 
Common Stock, $0.001 par value $50,000,000  $5,035.00 
Underwriter Warrants (3) $-  $- 
Common Stock Underlying Underwriter Warrants (4) $1,200,000  $120.84 
Total $51,200,000  $5,155.84(5)


(1)

This price was arbitrarily determined by the Company.

(2)

Estimated solely for the purpose of calculating the registration fee in accordance with Rule 457 under the Securities Act of 1933.

(3)

Proceeds to the Company prior to the expenses of the Offering.

(4)

Paid in advance.


(1)          Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(o) under the Securities Act of 1933, as amended.

(2)          Calculated pursuant to Rule 457(o) based on an estimate of the proposed maximum aggregate offering price, including the offering price of warrants to be issued to the underwriters and common stock underlying such warrants.

(3)          No fee is required pursuant to Rule 457(g) under the Securities Act. Resales of the underwriter warrants on a delayed or continuous basis pursuant to Rule 415 under the Securities Act are registered hereby

(4)          Resales of shares of common stock issuable upon exercise of the underwriter warrants on a delayed or continuous basis pursuant to Rule 415 under the Securities Act are also registered hereby.

(5)         Previously paid.

The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.


EXPLANATORY NOTE:

SECURE NetCheckIn Inc. previously filed a registration statement on Form S-1 on March 29, 2011 and a first amendment to Form S-1 on May 9, 2011, a second amendment to Form S-1 on June 6, 2011, and a third amendment to Form S-1 on June 20, 2011 (file No. 333-173172) and a fourth amendment on July 8, 2011 to register 900,000 shares of common stock.


2







The information in this Prospectusprospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This Prospectusprospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any jurisdictionstate where the offer or sale is not permitted.


PROSPECTUSSubject to Completion, Preliminary Prospectus dated June 17, 2016 


SECURE NETCHECKIN

MOXIAN, INC.


900,000 SHARES OF COMMON STOCK


This Prospectus relates to the offering of a minimum of 200,000 and a maximum of 900,000[●] shares of common stock

Moxian, Inc. is offering[●] shares of SECURE NetCheckIn Inc., (the Company) incommon stock, par value $0.001 per share. The offering is being made on a self-underwritten direct public offering,“best efforts” basis without a firm commitment by the underwriter, who has no obligation or commitment to purchase any participation by underwriters or broker-dealers. Theof our shares. There is no minimum number of shares willthat must be sold throughin order to consummate the offering. The underwriters are only required to use their best efforts to sell the shares offered.

We are a reporting company under Section 13(a) of the Securities Exchange Act of 1934, as amended. Our common stock is currently quoted on the OTCQB Marketplace (the “OTCQB”) under the symbol “MOXC.” On June   , 2016, the last reported closing bid price of our officer and director. The offering pricecommon stock was $[●] per share. There is $0.20 per share (the Offering Price). The offering period will begina limited public trading market for our common stock. We have applied to list our common stock on the Nasdaq Capital Market under the symbol “MOXC.” 

Investing in our securities involves a high degree of risk. You should carefully consider the risk factors beginning on page 6 of this prospectus before purchasing shares of our common stock.

Price to Public

Total

Public Offering Price Per Share$$
Underwriting discounts and commissions (1)$$
Proceeds to Moxian (before expenses)

(1)Does not include a non-accountable expense allowance equal to 1% of the gross proceeds of this offering, payable to Axiom Capital Management Inc., the representative of the underwriters. See “Underwriting” beginning on page 54 of this prospectus for additional information regarding total underwriter compensation.

In addition to the underwriting discounts and commissions listed above and the non-accountable expense allowance described in the footnote, we have agreed to issue Axiom Capital Management Inc. warrants, exercisable commencing 180 days immediately following the date thisof effectiveness of the registration statement is declared effective byof which this prospectus forms a part or the Securities and Exchange Commission (the SEC) and continue, unless earlier terminated, until 5:00 P.M. CST, on August 31, 2011 (the Offering Period). In the event that a minimumcommencement of 200,000 shares are not sold within the Offering Period, all money received by us will be promptly returned without interest or deduction of any kind. Subscription funds will be held until closing by Seck & Associates LLC, as escrow agent, in an escrow account at Freedom Bank. The minimum purchase requirement for each investorsales in this offering is $1,000 or 5,000 shares. Priorfor a period of five years, to purchase shares of common stock equal to 4% of the total number of shares sold in this offering there has been noand may be exercisable on a cashless basis at a per share price equal to the public market foroffering price (the “Underwriters’ Warrants”). The registration statement of which this prospectus is a part also covers the Underwriters’ Warrants and the shares of common stock.  stock issuable upon the exercise thereof. For additional information regarding our arrangement with the underwriters, please see “Underwriting” beginning on page 54.


PROCEEDS BEFORE EXPENSES


Common

Stock to be Sold as Part of the Offering


Amount to Be

Registered


Proposed

Offering Price per Share


Proceeds to

the Company

(3)

 

 

 

 

 

 

 

 

 

 

Maximum Offering

 

 

900,000

 


$0.20

 


$180,000.00

Minimum Offering



200,000



$0.20



$40,000.00



THE PURCHASE OF THE SECURITIES OFFERED THROUGH THIS PROSPECTUS INVOLVES A HIGH DEGREE OF RISK. SEE RISK FACTORS BEGINNING ON PAGE 7.


Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of thethese securities or passed upon the accuracydetermined if this prospectus is truthful or adequacy of this Prospectus.complete. Any representation to the contrary is a criminal offense.


The underwriters expect to deliver the shares of common stock to purchasers on            , 2016.

Axiom Capital Management Inc.Cuttone & Co., Inc.

The date of this prospectus is             , 2016

Table of Contents

TABLE OF CONTENTS

Page
SUMMARY1
THE OFFERING4
SUMMARY FINANCIAL AND OTHER DATA5
RISK FACTORS6
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS15
USE OF PROCEEDS16
CAPITALIZATION17
DILUTION18
MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS19
EXCHANGE RATE INFORMATION20
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS22
OUR HISTORY AND CORPORATE STRUCTURE27
BUSINESS29
REGULATIONS38
DIRECTORS AND EXECUTIVE OFFICERS42
EXECUTIVE COMPENSATION46
CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONS47
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT51
DESCRIPTION OF SECURITIES53
SHARES ELIGIBLE FOR FUTURE SALE55
UNDERWRITING56
LEGAL MATTERS60
EXPERTS60
WHERE YOU CAN FIND MORE INFORMATION60

Table of Contents

ABOUT THIS PROSPECTUS

You should rely only on the information contained in this Prospectusprospectus or any supplement or amendment hereto.  We and the information we have referred you to. Weunderwriters have not authorized any person to provide you with different information.  We and the underwriters are not offering to sell, or seeking an offer to buy, our common stock in any information about this Offering, the Company,jurisdiction where such offer or the shares of our Common Stock offered herebysale is not permitted.  You should assume that is different from the information includedcontained in this Prospectus. If anyone provides you with different information, you should not rely on it.

Theprospectus and any supplement or amendment hereto is accurate only as of the date of this Prospectus is _______________, 2011prospectus, regardless of the time of delivery of this prospectus or of any sale of our common stock or warrants. Our business, financial condition, results of operations and prospects may have changed since that date.


3







TABLE OF CONTENTSUnless the context otherwise indicates, all references in this prospectus to:

 

Item 3

Prospectus Summary

5“China” and “PRC,” refer to the People’s Republic of China;

Item 3

Risk Factors

7

Item 4

Use of Proceeds

14

“Moxian,” “we,” “us,” “our” and the “Company,” refer to Moxian, Inc. and its consolidated subsidiaries and variable interest entities;

Item 5

Determination of Offering Price

17

Item 6

Dilution

18

“Moxian CN Samoa” refers to Moxian CN Group Limited;

Item 7

Selling Security Holders

19

Item 8

Plan of Distribution

19

“Moxian IP Samoa” refers to Moxian Intellectual Property Limited;

Item 9

Description of Securities to be Registered

22

Item 10

Interests of Named Experts and Counsel

23

“Moxian BVI” refers to Moxian Group Limited;

Item 11

Information With Respect to Registrant

24

Item 12

Disclosure of Commission Position on Indemnification of Securities Act Liabilities

34

“Moxian HK” refers to Moxian (Hong Kong) Limited;

Information Not Required in Prospectus

35

Item 13

Other Expenses of Issuance and Distribution

36

“Moxian Shenzhen” refers to Moxian Technologies (Shenzhen) Co., Ltd.;

Item 14

Indemnification of Directors and Officers

36

Item 15

Recent Sales of Unregistered Securities

 ●

37

“Moxian Beijing” refers to Moxian Technologies (Beijing) Co., Ltd.;

Item 16

Exhibits and Financial Statement Schedules

37

Item 17

Undertakings

37

“Moxian Malaysia” refers to Moxian Malaysia SDN BHD; and

Signature Page

39

“Moyi” refers to Shenzhen Moyi Technologies Co. Ltd.;


4Unless otherwise noted, all currency figures in this filing are in U.S. dollars. References to “yuan” or “RMB” are to the Chinese yuan (also known as the renminbi). References to “RM” are to the Malaysian Ringgit.


Table of Contents


SUMMARY




Item 3. Summary information, Risk Factors and Ratio of Earnings to Fixed Charges.


This summary highlights certain information containedappearing elsewhere in this Prospectus and may not contain allprospectus. For a more complete understanding of the informationthis offering, you should consider before investing inread the shares. You are urged to read this Prospectus in its entirety,entire prospectus carefully, including the information under Risk Factors. Unless“Risk Factors” and our financial statements and the context indicates otherwise,related notes included elsewhere in this prospectus before investing in our common stock.

Overview

We are in the words we,” “us” “O2O (“Online-to-Offline”) business. With respect to our or the Company business, O2O means providing an online platform for small and medium sized enterprises (“SMEs”) with brick and mortar businesses that allows them to conduct business, interact with existing customers and obtain new customers online. We refer to SECURE NetCheckIn Inc.


Overview


This Prospectus relatesour customers as “Merchant Clients” and we use the term “Users,” to refer to those existing and potential customers of our Merchant Clients who use our mobile application and platform. Through the features, products and services offered on our platform, we seek to create interactions between Users and Merchant Clients, which will allow Merchant Clients to study consumer behavior. Our platform has five main components that allow Merchant Clients to conduct targeted advertising campaigns and promotions, which we believe are effective because they are geared to the customers that a Merchant Client wishes to attract. Our platform is also designed and built to encourage Users to return and refer new Users, each of which is a potential customer for our Merchant Clients.

The Platform

“Moxian+” is an App that caters to SMEs that wish to promote services and products offered at their brick and mortar stores through social media. The application connects Users to Merchant Clients through games, rewards and social events that they enjoy and in return, Users provide valuable information such as their nickname, gender, birthdate, age, career, hometown, school and residential area that our Merchant Clients can use to market their products and services effectively.

We have two different mobile applications, one for individual Users, referred to as the Moxian+ User App, and one for our Merchant Clients, referred to as the Moxian+ Business App. The apps connect to each other to form a symbiotic relationship that provides Users with entertainment and social interaction while the Merchant Clients get the chance to advertise products and services.

Merchant Clients can choose between a free or paid account. With a free account, Merchant Clients get a “Do It Yourself” webpage and can add different modules into their account, including the address and phone number of the business, as well as list up to five products. When a Merchant Client purchases one of our subscription packages they get access to a number of robust add-on features including, the ability to manage social relationships and target marketing, as well as other features. Our subscription packages range from a free account to a paid subscription of $2,000 per year.

Our individual Users, also called “MO-Pals,” can download the Moxian+ User App free-of-charge on their Android or iOS smartphone. Users provide basic information to sign up for an account and then can invite friends and family members to join Moxian+, search and join different interest groups and participate in social media by sharing activities, stories, photos and videos. They can also send micro-blog messages, play online games in Moxian+’s game center, and earn MO-Coins, a virtual currency similar to credit card reward points, among other the features.

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Table of Contents

There are five main components to the Moxian+ platform, which we believe provide the most robust and beneficial experience for both the Merchant Clients and the Users. These components form the Moxian+ backend.

(1)          Social Media Engine - allows users to connect with each other, discover new friends, share interests and swap media. It also allows Merchant Clients to reach individual Users.

(2)          E-commerce features – Merchant Clients are able to conduct business by posting products, offering of shares by SECURE NetCheckIn Inc., a Nevada corporation. The Company proposes to raise a minimum amount of $40,000 (the Minimum Offering Amount)coupons and a maximum amount of $180,000 (the Maximum Offering Amount) through the sale of a minimum of 200,000 sharesadvertising sales as well as creating events and a maximum of 900,000 shares of Company common stock with a par value $.001 (each a Share and collectively the Shares)blogs. Users can also order products at the price of $0.20 per Share (the Merchant Clients’ online shops for express delivery.

(3)           Offering) as more fully described in Plan of Distribution. Subscription funds will be held until closing by Seck & Associates LLC, as escrow agent, in an escrow account at Freedom Bank in Overland Park, Kansas. The report of the independent registered public accounting firm (the Auditors Report),Rewards - Users can obtain MO-Points when they shop online, which audited the Companys financial statements for the year ended December 31, 2010, contains an opinion that there is substantial doubt about the Companys abilityallow them to continue as a going concern because the Company has no business operations, has negative working capital and minimal stockholders equity. See Risk Factors beginningplay games on page 7.  The Company has no current plans toour platform or engage in other activities sponsored by Merchant Clients and MO-Points that can either be redeemed at Merchant Clients’ online shops, or can be redeemed for MO-Coins which are virtual currency that can be used at any Merchant Client’s physical store location.

(4)           Game Development –allows Users to play games to earn MO-Points and MO-Coins and other rewards which may be specific to a merger or acquisitioncertain Merchant Client.

(5)           Data Analytics – provides reports on consumer behaviors to each Merchant Client to help them better design their promotions and reach their target audience.

Our Strategy

We use two benchmarks to measure growth: (1) number of users and (2) number of merchants.

Our success depends upon signing up paid Merchant Clients. The Merchant Clients, in turn, help to build up our base of Users by encouraging their customers to download our User App, with another company.


The Company


SECURE NetCheckIn Inc. was incorporated under the lawsMO-Points and MO-Coins incentives that we provide. In order to attract more Merchant Clients, we also need an established base of the state of Nevada on October 12, 2010. The Company's principal offices are located at 13118 Lamar Ave, Overland Park, KS 66209. Our telephone number there is 913.945.1290. WeUsers. Therefore, we are in the process of developingsigning up additional Merchant Clients, as well as acquiring additional Users to download our User App. We are initially marketing to merchants in Shenzhen, China, where we launched Moxian version 1.0. 

With only our beta testing completed, we signed 30,000 Merchant Clients to the Moxian version 1.0. We are currently targeting these same merchants for Moxian+ and improvingwe are working on expanding the User base. In order to expand our number of merchants we have a sales force of 20 people based in Shenzhen, China and recently opened an office in Beijing. By the end of 2016, we aim to have a 100 member sales force collectively in Shenzhen and Beijing. In addition, we are scheduling seasonal sales events to promote our products and services to merchants and users. During 2016, we also plan to utilize third party distributors who have an existing base of merchants to market our products and expand into major cities, such as Guangzhou and Shanghai.

Competitive Strengths

Major providers of social network platforms have the advantage of an existing user base. However we believe that Moxian’s platform offers social media features that enable us to stand out among the competition. Other major social networking platforms usually focus on personal photo sharing, video sharing, chatting, micro-blogging, following others’ online activities, rating and commenting on products and services. Moxian’s platforms offer Merchant Clients (i) individual promotion pages, (ii) local event programs for their customer Users, (iii) location-based promotion information, (iv) mobile chat applications, (v) give-away prizes for the Users, (vi) advertising opportunities on Moxian’s social pages, (vii) a social customer relationship management system, (viii) a loyalty program using MO-Points and MO-Coins, and (ix) customized online games to promote merchants’ brands and group sales promotions. By establishing our Merchant Client base, we believe that we will be able to acquire additional Users.

2

Table of Contents

Risk Related to Our Business

Our ability to implement our business strategy is subject to numerous risks and uncertainties that you should be aware of before making an investment decision. As a technology company, we face many risks inherent in our business and our industry generally. You should carefully consider all of the information set forth in this prospectus and, in particular, the information under the heading “Risk Factors,” prior to making an investment in our common stock. These risks include, among others, the following:

We cannot provide any assurance that we have properly registered our intellectual property, or that it has been registered in certain jurisdictions where we do business;

If the PRC government does not agree that our contractual arrangement with Moyi complies with PRC laws, rules and regulations we could face severe penalties;

Moxian Shenzhen’s contractual arrangements may not be as effective in providing control over Moyi as direct ownership, and any failure by Moyi and its shareholders to perform their obligations under contractual arrangements would have material and adverse effects on our business;
Loss of, or failure to obtain any license or permit necessary or desirable in the operation of our business could have a material adverse effect on our business and results of operations;

If we fail to stay current with new smart phone and mobile device technologies our apps could become obsolete;

We intend to use Moxian virtual currency to conduct substantially all of the payment processing on our platform. The virtual currency business is highly regulated, and it is subject to a range of risks. If our virtual currency is limited or restricted in any way or becomes unavailable to us for any reason, our business may be materially and adversely affected;

We currently primarily operate in China and if the growth rate of the Chinese economy continues to slow down, the demand for products sold by our Merchant Clients may also slow down;

The cross-border online shopping market in China is continuing to grow and may become a new competitor to the Chinese consumer goods market;

We compete with other IT companies which can develop similar technologies and online-to-offline application to identify consumer behaviors; and

If China adopts privacy laws they may impact our ability to provide our current data analytics features to Merchant Clients or to develop new uses for such data analytics.

Our Corporate Information

We were incorporated on October 12, 2010 in the State of Nevada. Our principal executive offices are located at Block A, 9/F, Union Plaza, 5022 Binjiang Avenue, Futian District, Shenzhen City, Guangdong Province, China. Our telephone number is +86 (0)755-66803251. We maintain a website at www.securenetcheckin.com. Information includedwww.moxian.com. The information contained on our website is not, and should not be interpreted to be, a part of this Prospectus. The Companys software and related intellectual property were contributed to the company by its founder Brandi L. DeFoor.prospectus.


3

Table of Contents

THE OFFERING

The Company owns andoffering is continuingbeing made on a “best efforts” basis. The offering is being made without a firm commitment by the underwriters, who have no obligation or commitment to improve and develop a productpurchase any of our shares. There is no minimum number of shares that allows physician practices, healthcare centers, urgent care centers (collectively, Healthcare Centers) and their clientsmust be sold in order to manage appointments and client information online using a web-based portal.  From its inception throughconsummate the date of this registration, the Company has beta-tested its product at a local urgent care facility where 1409 unique users have signed up and used the system as of May 2011.  However, that facility has filed bankruptcy and our beta-test partner cannot at this time enter into a contract with us for paid services.  Accordingly, that company is continuingoffering. The underwriters are only required to use our services without payment of any fee. The Company has earned no revenuetheir best efforts to date.  Beta testing is complete, andsell the Company has a working software product.  Because of its limited resources, the Company cannot determine with any certainty when it may generate revenue.shares offered.


Currently, patients at Healthcare Centers must call the providers office to make an appointment, and the patients then show up at the appropriate time for the appointment.  Patients often have to wait if the doctor or other staff is running behind in seeing patients.  To assist both providers and patients in managing their time, the Company has developed an online patient appointment system whereby the patient can check availability and make an appointment online.  Near the time for the patients appointment, the patient is notified via email and/or text message when the physician will be available.  Patients may then plan to arrive when the doctor is ready thereby eliminating wait time and the risk of spreading disease in waiting rooms.


The Company offers a web-based back office system for Healthcare Centers which allows the office staff or physician to modify the schedule based on the physicians availability.  Should the office fall behind, the system automatically notifies all future appointments of the delay.  Patients have the ability to know exactly when they will be seen without waiting.  In addition, information entered by the patient such as personal history and insurance information can be integrated into and made part of the patients records.  Next phases of product development would integrate these records into other electronic medical record (EMR) systems.  


Brandi L. DeFoor is a Director, President and Chief Executive Officer of SECURE NetCheckIn Inc. Ms. DeFoor earned a Bachelors of Business Administration (1993) from the University of Missouri at Kansas City.  Ms. DeFoor was a technical recruiter at DCI from 1994 to 2001.  From 2001 to 2008, Ms. DeFoor served as a consultant in the design, development, and implementation of primebyte.com, an online human resources tool focused on the complex reporting requirements of HIPAA and Sarbanes-Oxley.  Ms. DeFoor currently operates as an independent consultant assisting companies with technology and operations issues on an ad hoc basis. The Company does not anticipate making any changes to its management team.


While the registration of its Shares is for the purpose of creating a public market, there is no guarantee that a public market will ever exist for the Companys Shares or that, if developed, can be sustained.


5






The Offering


Common stock being offered[●] shares

Securities Being Offered

The Company is

Shares of Common stock outstanding before this offering[●] shares
Shares of Common stock outstanding after this offering[●] shares
Use of ProceedsWe intend to use the net proceeds from this offering for saleexpansion of our business in China and throughout Asia, working capital and other general corporate purposes. Proceeds of this offering in the amount of $500,000 shall be used to fund an escrow account for a minimumperiod of 200,000 shares or a maximum30 days following the closing date of 900,000 sharesthis offering, which account shall be used in the event we have to indemnify the underwriters pursuant to the terms of the Companys common stock.

Initial Offering Price

The Offering Price is $0.20 per Share. The Offering Price was determined arbitrarily by the Company.

Terms of the Offering

The Shares will be sold through the efforts of our officer and director beginning on the date this registration statement is declared effective by the SEC.

Termination of the Offering

The Offering will conclude on August 31, 2011. We may, in our sole discretion, terminate the Offering prior to the end of the Offering Period for any reason whatsoever. No subscription will be accepted unless payment is received by August 31, 2011.

Underwriting Agreement.

Proposed NASDAQ trading symbol“MOXC”
Risk Factors

The securities offered herebyby this prospectus are speculative and involve a high degree of risk and investors purchasing securities should not be purchased by investors who cannotpurchase the securities unless they can afford the loss of their entire investment. See ‘‘Risk Factors’’“Risk Factors” beginning on page 7.

6.
Lock-up agreementsSee “Underwriting” for more information

 

The number of shares of our common stock to be outstanding after this offering is based on the number of shares outstanding as of June 16, 2016.

4

Table of Contents

SUMMARY FINANCIAL AND OTHER DATA

The following tables set forth our summary historical financial data for the periods presented. The following summary financial data for the years ended September 30, 2015 and 2014 are derived from our audited financial statements appearing elsewhere in this prospectus. The following summary financial data for the three-month periods ended March 31, 2016 and 2015 and the selected balance sheet data as of March 31, 2016 are derived from our unaudited financial statements appearing elsewhere in this prospectus.

This summary financial data should be read together with the historical financial statements and related notes to those statements, as well as “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” which are included elsewhere in this prospectus.

The pro forma as adjusted balance sheet data reflects the balance sheet data as of March 31, 2016, as adjusted to reflect our receipt of the estimated net proceeds from our sale of[●] shares in this offering at an assumed offering price of $           per share (the last reported sale price of our common stock on the OTCQB Market on       , 2016), after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us.

  Year Ended
September 30,
  Six Months Ended
March 31,
 
  2015  2014  2016  2015 
             
Statements of Operations Data:            
Total Revenue $83,870  $56,122  $12,942  $68,166 
Loss from Operations $(6,228,513) $(4,815,241) $(5,099,535) $(2,136,984)
Loss before Income Tax $(6,226,255) $(4,791,342) $(5,554,007) $(2,147,498)
Net Loss $(6,173,646) $(4,791,342) $(5,529,690) $(2,147,498)
Basic and diluted loss per common share $(0.03) $(0.02) $(0.03) $(0.01)

The following table presents our summary balance sheet data:

on an actual basis as of March 31, 2016; and

us.

Common Stock Issued And Outstanding Before Offering

3,100,000on a pro forma as adjusted basis to give further effect to our sale of [●] shares of common stock in this offering at the public offering price of $[●] per share (the last reported sale price of our common stock are issuedon the OTCQB Market on           , 2016), after deducting underwriting discounts and outstanding as of the date of this Prospectus.  The 3,100,000 shares are ownedcommissions and estimated offering expenses payable by our sole officer and director Brandi L. DeFoor.  Ms. DeFoor will continue to own the same number of shares after the Offering.

  As of March 31, 2016 
  Actual  Pro, Forma, as adjusted 
  (unaudited)  (unaudited) 
Balance Sheet Data:      
Cash and cash equivalents $123,529  $               
Prepayments, deposits and other receivables  691,207     
Total Current Assets  848,482     
Total Assets  10,100,217     
Total Current Liabilities  1,773,639     
Total Liabilities  1,773,639     
Total Stockholders’ equity  8,326,578     

5

Common Stock Issued And Outstanding After Offering

Upon completion of the Offering, we will have 3,300,000 shares of common stock issued and outstanding if we sell the minimum number of shares offered in this Offering. We will have 4,000,000 shares of common stock issued and outstanding upon completion of the Offering if we sell the maximum number of Shares offered in this Offering.




Use of Proceeds

The Company will use the net proceeds from the Offering substantially for general corporate purposes primarily in the areas of (i) product development, (ii) marketing, (iii) advertising and promotion, (iv) acquiring relationships and (v) general working capital.


Summary Financial Information

 

Balance Sheet Data

 

1/1/2011 to 4/30/11

(Unaudited)

12/31/2010

(Audited)

 

 

 

 

Cash

 

$

41

79 

Total Assets

 

$

9,970

10,008 

Liabilities

 

$

6,760

6,760 

Total Stockholders Equity

 

$

3,210

3,248

RISK FACTORS

 

Statement of Loss and Deficit

From Incorporation on October 12, 2010 to December 31, 2010 (Audited)

For Four Months Ended April 30, 2011 (Unaudited)

 

1/1/2011 to 4/30/11

(Unaudited)

12/31/10

(Audited)

 

 

 

 

Revenue

 

$

0

Net Loss and Deficit

 

$

(38)

(21)


6






Risk Factors


An investment in our stock is risky. You should carefully consider the risks and uncertainties described below and the other informationelsewhere in this Prospectus before deciding whetherreport, which could materially and adversely affect our business, results of operations or financial condition. Our business faces significant risks and the risks described below may not be the only risks we face. Additional risks not presently known to invest in the Sharesus or that we currently believe are offering.immaterial may materially affect our business, results of operations, or financial condition. If any of the followingthese risks occur, the trading price of our common stock could decline and you may lose all or part of your investment.

Risk relating to our Business and Industry;

If we fail to stay current with new smart phone and mobile device technologies our apps could become obsolete.

Smartphone and mobile devices are evolving rapidly. We incur significant costs for research and development not only for the creation of new products, but also for ensuring that our current products will be compatible with new technologies. If our research and development team fails to upgrade our products to stay current with new technologies, our apps could become obsolete, which could result in a material adverse impact on our business and results of operations.

If the use of our Mo-Coins becomes restricted or unavailable, our business may be materially and adversely affected.

We use Moxian virtual currency to conduct substantially all of the payment processing on our platform. We track the User behaviors by the usage of Mo-Coins. If the use of virtual currency is limited or restricted in any way or becomes unavailable to us for any reason, the accuracy of our User behavior data may be comprised, and our business could be therefore materially and adversely affected.

The cross-border online shopping market in China is continuing to grow and may become a new competitor to the Chinese consumer goods market.

Currently, all of our Merchant Clients are located in China. As access to cross-border online shopping is made available in China, Chinese consumers may begin to purchase goods outside of China and as a result, the demand for products by Chinese merchants may decline.

We compete with other IT companies which can develop similar technologies and online-to-offline applications to identify consumer behavior.

We are not the only company that analyzes consumer behavior and provides such data to clients. There are other companies that have similar technology or are developing superior technology that can be used in the same or more advantageous ways. We cannot assure you that the market will not become saturated with similar applications, or that our research and development efforts will give us an advantage over these other companies. We rely on our marketing efforts to sell our application and platform over our competitors, but if we are not successful in such efforts our business and results of operations could be significantly harmed.

We depend on our key executives, and our business and growth may be severely disrupted if we lose their services.

Our future success depends substantially on the continued services of our key executives. In particular, we are highly dependent upon Mr. Tan Meng Dong, James, our chairman, chief executive officer and president, who has established relationships within the industries we operate. If we lose the services of one or more of our current executive officers, we may not be able to replace them readily, if at all, with suitable or qualified candidates, and may incur additional expenses to recruit and retain new officers with industry experience similar to our current officers, which could severely disrupt our business and growth. In addition, if any of our executives joins a competitor or forms a competing company, we may lose some of our suppliers or customers. Furthermore, as we expect to continue to expand our operations and develop new products, we will need to continue attracting and retaining experienced management and key research and development personnel.

Competition for qualified candidates could cause us to offer higher compensation and other benefits in order to attract and retain them, which could have a material adverse effect on our financial condition and results of operations. We may also be unable to attract or retain the personnel necessary to achieve our business objectives, and any failure in this regard could severely disrupt our business and growth.

The technology behind our products contains important trade secrets and know-how, and our ability to compete could be harmed if any such trade secrets and know-how are disclosed to third parties by our engineer.

We regard our trademarks, patents, copyrights and other intellectual property as critical to our success. In particular, we have spent a significant amount of time and resources in developing Moxian+ and our ability to protect our proprietary rights in connection with our platform and apps is critical for the success of our features and services and our overall financial performance. We expect to apply for additional patents, copyrights and trademarks as we continue the development of our platform. However, we cannot assure you that our measures will be sufficient to protect our proprietary information and intellectual property. Implementation of intellectual property laws in China has historically been lacking, primarily because of ambiguities in the laws and difficulties in enforcement.

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We may be subject to intellectual property rights disputes, which could adversely affect our business, results of operations and financial condition.

We could face infringement claims from our competitors or others alleging that our methods, processes or products infringe on their proprietary technologies. If we are found to be infringing on the proprietary technology of others, we may be liable for damages, and we may be required to make changes, to redesign our products partially or completely, to pay to use the technology of others or to stop using certain technologies or producing the alleged infringing product(s) entirely. Even if we ultimately prevail in an infringement suit, the existence of the suit could prompt our Merchant Clients and Users to switch to products that are not the subject of infringement suits. We may not prevail in any intellectual property litigation and such litigation may result in significant legal costs or otherwise impede our ability to market our services.

We cannot provide assurance that we have properly registered our intellectual property, or that it has been registered in certain jurisdictions where we do business.

Some of our technologies are not covered by any patent or patent application and, even if a patent application has been filed, it may not result in an issued patent. If patents are issued to us, those patents may not provide meaningful protection against competitors or against competitive technologies. In addition, upon the expiration of patents issued to us, we will be unable to prevent our competitors from using or introducing products using the formerly-patented technology. As a result, we may be faced with increased competition and our results of operations may be adversely affected. We cannot assure you that our intellectual property rights will not be challenged, invalidated, circumvented or rendered unenforceable.

Third parties may infringe upon our intellectual property rights which may result in damage to our business reputation.

Protection of our methods and technology is important to our business. We generally rely on a combination of the patent, trade secret, trademark and copyright laws of the PRC, the U.S. and Hong Kong as well as licenses and nondisclosure and confidentiality agreements, to protect our intellectual property rights. The patent, trademark, copyright and trade secret laws of some countries, though, including the PRC and Hong Kong, may not protect our intellectual property rights to the same extent as the laws of the U.S.

Failure to protect our intellectual property rights may result in the loss of valuable proprietary technologies. Even with safeguards in place, it may be possible for third parties to obtain and use our intellectual property without authorization. The unauthorized use of intellectual property is widespread in China, and enforcement of intellectual property rights by Chinese regulatory agencies is inconsistent. Moreover, litigation may be necessary in the future to enforce our intellectual property rights. Future litigation could result in substantial costs and diversion of our management’s attention and resources and could disrupt our business. If we are unable to enforce our intellectual property rights, it could have a material adverse effect on our financial condition and results of operations. Given the relative unpredictability of China’s legal system and potential difficulties enforcing a court judgment in China, we may be unable to halt the unauthorized use of our intellectual property through litigation. Failure to adequately protect our intellectual property could materially adversely affect our competitive position, our ability to attract students and our results of operations.

If China adopts privacy laws, they may impact our ability to provide our current data analytics features to Merchant Clients or to develop new uses for such data analytics.

We use our User data to develop an analysis software. Such data primarily comes from User conversations in our chat room and the personal information supplied when they register to use the app. This data can be analyzed and converted into useful information for us and our Merchant Clients only when we possess a large amount of accurate data. The research process may be deemed to violate the privacy of our Users. Currently, there are no PRC privacy laws governing how such data may be compiled, analyzed or used. If a law is adopted that imposes restrictions on our ability to conduct the analysis and promote data analytics to our Merchant Clients and to develop new products based on such data, our sales and results of operations could be materially adversely affected.

If the chops of our subsidiaries and VIEs in China are not kept safely, are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of those entities could be severely and adversely compromised.

In China, a company chop or seal serves as the legal representation of the company towards third parties even when unaccompanied by a signature. Each legally registered company in China is required to have a company chop, which must be registered with the local Public Security Bureau. Our company chops, or chops, are kept securely at our President’s Office under the direction of Chief Executive Officer at the headquarters level or held securely by personnel designated and approved by the General Manager or Headmaster at subsidiaries’ or the VIEs level. Use of chops requires proper approvals in accordance with our internal control procedures. The custodian at the President’s Office also maintains a log to keep a detailed record of each use of the chops. Moreover, the President’s Office is always locked after office hours and only authorized persons have the access to the keys.

7

The company believes it has sufficient controls in place over access to and use of the chops. We, however, cannot assure you that unauthorized access to or use of those chops can be totally precluded. To the extent those chops are stolen or are used by unauthorized persons or for unauthorized purposes, the corporate governance of these entities could be severely and adversely compromised and the operations of these entities could be significantly and adversely impacted.

Our Chief Executive Officer has identified certain material weaknesses in our internal controls over financial reporting. If we are unable to remedy these material weaknesses and establish appropriate internal financial reporting controls and procedures, it could cause us to fail to meet our reporting obligations, result in the restatement of our financial statements, harm our operating results, subject us to regulatory scrutiny and sanctions, cause investors to lose confidence in our reported financial information and have a negative effect on the market price of our shares.

The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were previously disclosed in our Annual Report on Form 10-K for the year ended September 30, 2015 (the “2015 Annual Report”), which were: (1) lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; (3) ineffective controls over period end financial disclosure and reporting processes; and (4) lack of written policies and procedures for accounting and financial reporting. Subsequent to the 2015 Annual Report, management identified misstatements in the application of certain accounting practices and procedures, which are discussed in detail in our Current Report on Form 8-K filed on February 8, 2016, as amended, and as a result, we restated our audited condensed consolidated financial statements as of and for the year ended September 30, 2015, our unaudited condensed consolidated financial statements as of and for the nine month period ended June 30, 2015 and our unaudited condensed consolidated financial statements as of and for the six month period ended March 31, 2015. We believe that the lack of a functioning audit committee, the lack of a majority of outside directors on our board of directors, and the lack of written policies and procedures for accounting and financial reporting has resulted in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which resulted in the restatements described above and could result in a material misstatement in our financial statements in future periods.

As a public company we have significant additional requirements for enhanced financial reporting and internal controls and are required to document and test our internal control procedures in order to satisfy the requirements of Section 404 of the Sarbanes-Oxley Act of 2002, which requires annual management assessments of the effectiveness of our internal controls over financial reporting. In addition, an independent registered public accounting firm will be required to attest to the effectiveness of our internal controls over financial reporting beginning with our annual report on Form 10-K following the date on which we become an accelerated filer or large accelerated filer. The process of designing and implementing effective internal controls is a continuous effort that requires us to anticipate and react to changes in our business and the economic and regulatory environments and to expend significant resources to maintain a system of internal controls that is adequate to satisfy our reporting obligations as a public company.

As part of our continuous effort to remediate the identified material weaknesses, we have initiated certain initiatives, including without limitation, appointing outside independent directors and establishing an audit committee, adding financial personnel to our management team and prepare written policies and procedures for accounting and financial reporting to establish a formal process to close our books monthly on an accrual basis and account for all transactions, including equity and debt transactions. However, we cannot assure you that the measures we are taking and will take to remediate these areas will be successful or that once implemented, we will be able to maintain adequate controls over our financial processes and reporting in the future as we continue our growth. If we are unable to establish appropriate internal financial reporting controls and procedures, it could cause us to fail to meet our reporting obligations, result in future restatements of our financial statements, harm our operating results, subject us to regulatory scrutiny and sanctions, cause investors to lose confidence in our reported financial information and have a material adverse effect on the price of our shares.

8

Risks Related to Our Corporate Structure

If the Peoples Republic of China (‘PRC’) government does not agree that our contractual arrangement with Shenzhen Moyi Technologies Co Ltd. complies with PRC laws, rules and regulations we could face severe penalties.

Foreign investment in the businesses we operate, including telecommunications and Internet information services, is currently prohibited or restricted in China. As a U.S. corporation, we are restricted or prohibited from directly owning all of the equity interests in any PRC company engaged in internet- related businesses. See “Regulation.” As a result, our business in China is operated by our VIE, Shenzhen Moyi Technologies Co Ltd (“Moyi”) through contractual arrangements. Moyi holds the relevant internet content provider, or ICP, licenses, which permits Moyi to engage in the business in China and is currently owned by PRC citizens and/or PRC companies. We have been and expect to continue to be dependent on Moyi to operate this business. We do not have any equity interest in Moyi, but we control their operations and receive substantially all the economic benefits and bear substantially all the economic risks through a series of contractual arrangements.

There are uncertainties regarding the interpretation and application of current and future PRC laws, rules and regulations, including but not limited to the laws, rules and regulations governing the validity and enforcement of our contractual arrangements with Moyi. Our current contractual arrangements must also comply with laws and regulations applicable to the Internet industry.

In August 2011, the Ministry of Commerce, or MOFCOM, promulgated the Rules of Ministry of Commerce on Implementation of Security Review System of Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, or the MOFCOM Security Review Rules, to implement the Notice of the General Office of the State Council on Establishing the Security Review System for Mergers and Acquisitions of Domestic Enterprises by Foreign Investors, or Circular No. 6, promulgated on February 3, 2011. Under these rules, a security review by MOFCOM is required for foreign investors’ mergers and acquisitions that have “national defense and security” implications and mergers and acquisitions by which foreign investors may acquire “de facto control” of domestic enterprises that have “national security” implications. The MOFCOM Security Review Rules further prohibit foreign investors from bypassing the security review requirement by structuring transactions through proxies, trusts, indirect investments, leases, loans, control through contractual arrangements or offshore transactions. There is no explicit provision or official interpretation stating that our businesses fall within the scope of transactions subject to security review. We do not believe we are required to submit our existing contractual arrangements to MOFCOM for a security review. However, as there is a lack of clear statutory interpretation regarding the implementation of the rules, there is no assurance that MOFCOM will have the same view as we do when applying these national security review-related circulars and rules.

Moxian HK’s contractual arrangements may not be as effective in providing control over Moyi as direct ownership, and any failure by Moyi and its shareholders to perform their obligations under contractual arrangements would have material and adverse effects on our business.

We have no ownership interest in Moyi. We conduct substantially all of our operations and generate substantially all of our revenues through contractual arrangements that our subsidiary, Moxian HK, entered into with Moyi and its shareholders. The contractual arrangements are designed to provide us with effective control over Moyi. See “Our Corporate History and Structure” for a description of these contractual arrangements.

9

These contractual arrangements may not be as effective in providing control as direct ownership. For example, if Moyi or their respective shareholders fail to perform their respective obligations under these contractual arrangements, or if they take other actions that are detrimental to our interests, we may incur substantial costs and have to re-direct resources in connection with enforcing these arrangements. To enforce these arrangements, we may rely on legal remedies available under applicable PRC laws, including seeking specific performance or injunctive relief and claiming damages, but these remedies may not be effective. In particular, if shareholders of Moyi refuse to transfer their equity interests to us or our designated persons when we exercise the purchase option pursuant to these contractual arrangements, or if they were otherwise to act in bad faith toward us, then we may need to initiate legal action to compel them to fulfill their contractual obligations. In addition, we may not be able to renew these contracts with our VIE and/or its respective shareholders. If VIEs or their shareholders fail to perform the obligations secured by the pledges under the equity pledge agreements, one of the remedies for default is to require the pledgers to sell the equity interests of VIEs in an auction or sale of the shares and remit the proceeds to us, net of all related taxes and expenses. Such an auction or sale of the shares may not result in our receipt of the full value of the equity interests or the business of VIEs

In addition, as all of these contractual arrangements are governed by PRC law and provide for the resolution of disputes through either arbitration or litigation in the PRC, they would be interpreted in accordance with PRC law and any disputes would be resolved in accordance with PRC legal procedures. Any arbitration, legal proceedings or disputes may cost us substantial financial and other resources and result in disruption of our business, and the outcome might not be in our favor. The relevant PRC arbitration panel may conclude that our contractual arrangements violate PRC law or are otherwise unenforceable and we could consequently lose our ability to consolidate Moyi’s results of operations, assets and liabilities in our consolidated financial statements and/or to transfer the revenues of Moyi to Moxian HK. The legal environment in the PRC is not as developed as in other jurisdictions, such as the United States. As a result, uncertainties in the PRC legal system could further limit our ability to enforce these contractual arrangements. Under PRC law, prevailing parties in an arbitration proceeding may only enforce the arbitration award in Chinese courts through arbitration award recognition proceedings, which would cause us to incur additional expenses and delay. In the event we are unable to enforce these contractual arrangements, we may not be able to exert effective control over Moyi, and our ability to conduct our business may be materially and adversely affected.

Loss of or failure to obtain any license or permit necessary or desirable in the operation of our business could have a material adverse effect on our business and results of operations.

Moyi is required to obtain various operating licenses and permits and to make registrations and filings for our current business in China; failure to comply with these requirements may materially adversely affect our business operations. Moyi currently holds an Internet Content Provider, or ICP license, to provide information to online Internet users. In order to engage in and publish online games, Moxian was issued an Online Culture Operating Permit and an Internet Publications Distribution License. Web portals like Moxian are required to apply to and register with the General Administration for Press and Publication (“GAPP”), before distributing Internet publications. Internet publications include content or articles formally published by press media such as: (i) books, newspapers, periodicals, audio-visual products and electronic publications; and (ii) literature, art and articles on natural science, social science, engineering and other topics that have been edited. Moxian has applied for, but has not yet obtained, the license from GAPP that would enable it to distribute Internet publications.

If we are determined not to be in compliance with the applicable licensing requirements or if we fail to cure any non-compliance in a timely manner, we may be subject to fines, confiscation of the gains derived from our noncompliant operations or the suspension of our noncompliant operations, which may materially and adversely affect our business and results of operations.

10

We are a holding company organized in Nevada, with subsidiaries incorporated in Samoa, the British Virgin Islands, Hong Kong Malaysia & PRC corporations and all of our officers and directors reside outside the US. Therefore, investors may experience difficulties in effecting service of legal process, enforcing foreign judgments or bringing original actions in any of these jurisdictions based upon U.S. laws, including the federal securities laws or other foreign laws against us, our officers and directors.

All of our subsidiaries and our current operations are conducted outside of the United States. Moreover, all of our directors and officers are nationals and residents of China and Singapore. All or substantially all of the assets of these persons are located outside the United States. As a result, it may be difficult or impossible to effect service of process within the United States or elsewhere upon these persons. In addition, uncertainty exists as to whether the courts outside of the U.S. would recognize or enforce judgments of U.S. courts obtained against us or such officers and/or directors predicated upon the civil liability provisions of the securities laws of the United States or any state thereof, or be competent to hear original actions brought in jurisdictions outside of the U.S. against us or such persons predicated upon the securities laws of the United States or any state thereof.

Risks Related to Doing Business in China

If the growth rate of the Chinese economy continues to slow down, the demand for products sold by our Merchant Clients may also slow down.

Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, downgraded its outlook on the Chinese government debt from “stable” to “negative” which reflects an assumption that the Chinese economy is weakening and continues to slow down. A slowdown in the economy may lead to less demand by consumers for products offered by our Merchant Clients. If our Merchant Clients are impacted by the low demand, they may attempt to curtail expenses by cancelling subscriptions for our services, which could have a material adverse effect on our revenues, and negatively impact our results of operations.

Contract drafting, interpretation and enforcement in China involves significant uncertainty.

We have entered into numerous contracts governed by PRC law in the ordinary course of our business, many of which are material to our business. As compared with contracts in the United States, contracts governed by PRC law tend to contain less detail and are not as comprehensive in defining contracting parties’ rights and obligations. As a result, contracts in China are more vulnerable to disputes and legal challenges. In addition, contract interpretation and enforcement in China is not as developed as in the United States, and the result of any contract dispute is subject to significant uncertainties. Therefore, we cannot assure you that we will not be subject to disputes under our material contracts, and if such disputes arise, we cannot assure you that we will prevail. As almost all of our contracts in the ordinary course of business are governed by PRC law, any dispute involving such contracts, even those without merit, may materially and adversely affect our reputation and our business operations, and may cause the price of our shares to decline.

Governmental control of currency conversion may limit our ability to utilize our revenues effectively, whether for securing debt or to expand our business through acquisitions and development and for dividend payments to our shareholders, which may affect the value of your investment.

The PRC government imposes controls on the convertibility of RMB into foreign currencies and, in certain cases, the remittance of currency out of China. We receive substantially all of our revenues in RMB. Under our current corporate structure, our Nevada holding company primarily relies on dividend payments from our wholly owned PRC subsidiary in China, Moxian Shenzhen, to fund any cash and financing requirements we may have.

Under existing PRC foreign exchange regulations, payments of current account items, including profit distributions, interest payments and trade and service-related foreign exchange transactions, can be made in foreign currencies without prior SAFE approval by complying with certain procedural requirements. Therefore, Moxian Shenzhen may pay dividends in foreign currency to us without pre-approval from SAFE. However, approval from or registration with government authorities is required where RMB is to be converted into foreign currency and remitted out of China to pay capital expenses such as the repayment of loans denominated in foreign currencies. With the prior approval from SAFE, cash generated from the operations of our PRC subsidiary may be used to pay off debt owed to entities outside China in a currency other than RMB. The PRC government may, at its discretion, restrict access to foreign currencies for current account transactions in the future. If the foreign exchange control system prevents us from obtaining sufficient foreign currencies to satisfy our foreign currency demands, we may not be able to pay dividends in foreign currencies to our shareholders, including holders of the common stock.

11

Payment of dividends is subject to restrictions under Nevada and the PRC laws.

Under Nevada law, we may only pay dividends subject to our ability to service our debts as they become due and provided that our assets will exceed our liabilities after the dividend. Our ability to pay dividends will therefore depend on our ability to generate sufficient profits. In addition, because of the various rules applicable to our operations in China and the regulations on foreign investments as well as the applicable tax law, we may be subject to further limitations on our ability to declare and pay dividends to our shareholders.

We can give no assurance that we will declare dividends of any amounts, at any rate or at all in the future. The declaration of future dividends, if any, will be at the discretion of our board of directors and will depend upon our future operations and earnings, capital requirements, general financial conditions, legal and contractual restrictions and other factors that our board of directors may deem relevant.

As we derive substantially all of our revenue from the PRC, any downturn in Chinese macroeconomic trends may harm our business.

All of our business operations are conducted in China and all of our revenues are generated in China. Accordingly, our business, financial condition, results of operations and prospects are affected significantly by economic, political and legal developments in China. The Chinese economy differs from the economies of most developed countries in many respects, including the amount of government involvement, the level of development, the growth rate, the control of foreign exchange, and the allocation of resources.

While the Chinese economy had grown significantly in the past 30 years, the growth has been uneven geographically among various sectors of the economy, and over the last year we have been experiencing a period of slowdown. We cannot assure you that China’s economy will continue to grow, or that if there is growth, such growth will be steady and uniform, or that if there is a slowdown, such slowdown will not have a negative effect on our business. The PRC government also exercises significant control over China’s economic growth by allocating resources, controlling the payment of foreign currency-denominated obligations, setting monetary policy and providing preferential treatment to particular industries or companies. Between late 2003 and 2008, the PRC government implemented a number of measures, such as increasing the PBOC’s statutory deposit reserve ratio and imposing commercial bank lending guidelines, which slowed the growth of credit. In 2008 and 2009, however, in response to the global financial crisis, the PRC government loosened such requirements. Any actions and policies adopted by the PRC government or any prolonged slowdown in China’s economy could have a negative impact on our business, operating results and financial condition couldin a number of ways.

The enforcement of labor contract law and increase in labor costs in the PRC may adversely affect our business and our profitability.

China adopted a labor contract law and its implementation rules effective on January 1, 2008 and September 18, 2008, respectively. The labor contract law and its implementation rules impose more stringent requirements on employers with regard to, among others, minimum wages, severance payments upon permitted terminations of the employment by an employer and non-fixed term employment contracts, time limits for probation period as well as the duration and the times that an employee can be seriously harmed.  Please note that throughout this Prospectus, the words we, our or us referplaced on a fixed term employment contract. Due to the Company.limited period of effectiveness of the labor contract law and its implementation rules, and the lack of clarity with respect to their implementation, potential penalties and fines, it is uncertain how they will impact our current employment policies and practices. Our employment policies and practices may violate the labor contract law or its implementation rules and we may be subject to related penalties, fines or legal fees. Compliance with the labor contract law and its implementation rules may increase our operating expenses, in particular our personnel expenses, as the continued success of our business depends significantly on our ability to attract and retain qualified personnel. In the event that we decide to terminate some of our employees or otherwise change our employment or labor practices, the labor contract law and its implementation rules may also limit our ability to effect those changes in a manner that we believe to be cost-effective or desirable, which could adversely affect our business and results of operations.


Additionally, PRC companies are subject to various laws and regulations regarding social insurance and housing funds, under which our PRC subsidiary and affiliates are required to pay employees’ pension contributions, housing funds, medical insurance premiums and other welfare-oriented payments.

12

We must comply with the Foreign Corrupt Practices Act.

We are required to comply with the United States Foreign Corrupt Practices Act, which prohibits U.S. companies from engaging in bribery or other prohibited payments to foreign officials for the purpose of obtaining or retaining business. Foreign companies, including some of our competitors, are not subject to these prohibitions. In the foreseeable future, some of our suppliers may be owned by the PRC government and our dealings with them are likely to be considered to be with government officials for these purposes. Corruption, extortion, bribery, pay-offs, theft and other fraudulent practices occur from time-to-time in mainland China. If our competitors engage in these practices, they may receive preferential treatment from personnel of some companies, giving our competitors an advantage in securing business or from government officials who might give them priority in obtaining new licenses, which would put us at a disadvantage. We could suffer severe penalties if our employees or other agents were found to have engaged in such practices.

Risks Related to Our Companythis Offering


The reportPrior to this offering, we had a limited public market for our shares of the independent registered public accounting firm which audited the Companys financial statements as of December 31, 2010, expresses substantial doubt as to the Companys ability to continue as a going concern.


As of December 31, 2010, the independent registered public accounting firm expressed substantial doubt as to the Companys ability to continue as a going concern. Underlying the accounting firms opinion are the absence of any business operations by the Company, its cash balance at December 31, 2010common stock and minimal stockholders equity. The notes to the Companys audited financial statements provide that continuation as a going concern is dependent upon the operations of the Company which in turn are dependent upon the Companys ability to meet its financial requirements, raise additional capital and the success of its future operations, and there is no assurance that the Company will be successful in accomplishing these objectives.


Purchasers may have difficulty evaluating the Companys business because of the absence of any operating history.


The Company was incorporated on October 12, 2010, and to date, the Company has been involved primarily in organizational activities and supporting the beta test project. The Company has earned no revenue, and therefore has no revenue history.  We have limited operating history and have delivered beta testing products to one Healthcare Center who continues to use the software solution even though the beta test period is over.  Potential investors should be aware of the difficulties normally encountered by development stage companies and the high rate of failure of such enterprises. There is no guarantee that we will commence additional business operations or that our business operations will be profitable. For this reason, investors are encouraged to review the Companys financial information and Prospectus to have discussions with representatives of the Company and to engage professional advisors to evaluate an investment in the Company.


If we do not obtain additional financing, our business will fail.


Our business plan calls for ongoing expenses in connection with the development of the business of the Company. We have not generated any revenue from operations to date. Weyou may not be able to implementresell our business planshares at or above the price you paid, or at all.

Prior to this offering, there was a limited public market for our common stock in the OTC Market. We cannot assure you that an active public market for our common stock will develop or that the market price of our shares will not decline below the public offering price. The public offering price of our shares may not be indicative of prices that will prevail in the trading market following the offering.

Our Chairman of the Board and our Chief Executive Officer, Mr. Mengdong Tan, own a large percentage of our outstanding stock and could significantly influence the outcome of our corporate matters.

Mr. James Mengdong Tan, our Chairman and CEO, through Good Eastern Investment and Stellar Elite Limited, beneficially owns 46.58% of our outstanding shares of common stock, and after this offering will beneficially own [●]% of our outstanding common stock. As a result, Mr. Tan will be able to exercise significant influence over all matters that require us to obtain shareholder approval, including the election of directors to our board and approval of significant corporate transactions that we may consider, such as a merger or other sale of our company or its assets. This concentration of ownership in our shares by an executive officer will limit the other shareholders’ ability to influence corporate matters and may have the effect of delaying or preventing a third party from acquiring control over us.

Future sales of substantial amounts of the shares of common stock by existing shareholders could adversely affect the price of our common stock.

If our existing shareholders sell substantial amounts of the shares following this offering, the market price of our common stock could fall. Such sales by our existing shareholders might make it more difficult for us to issue new equity or equity-related securities in the future at a time and place we deem appropriate. The [●] shares of common stock offered in this offering will be eligible for immediate resale in the public market without obtaining additional financing.restrictions. All remaining shares, which are currently held by our existing shareholders, may be sold in the public market in the future subject to the lock-up agreements and the restrictions contained in Rule 144 under the Securities Act. If this financing is not available or obtainable, investors may loseany existing shareholders sell a substantial portionamount of shares, the prevailing market price for our shares could be adversely affected.

13

The market price of our shares is likely to be highly volatile and subject to wide fluctuations in response to factors such as:

variations in our actual and perceived operating results;
news regarding gains or losses of customers or partners by us or our competitors;
news regarding gains or losses of key personnel by us or our competitors;
announcements of competitive developments, acquisitions or strategic alliances in our industry by us or our competitors;
changes in earnings estimates or buy/sell recommendations by financial analysts;
potential litigation;
the imposition of fines or penalties related to our activities in the PRC and failure to comply with applicable rules and regulations;
general market conditions or other developments affecting us or our industry; and
the operating and stock price performance of other companies, other industries and other events or factors beyond our control.

In addition, the securities markets have from time to time experienced significant price and volume fluctuations that are not related to the operating performance of particular companies. These market fluctuations may also materially and adversely affect the market price of the shares

We do not anticipate paying cash dividends on our common stock in the foreseeable future.

We do not anticipate paying cash dividends in the foreseeable future. Presently, we intend to retain all of their investment. If adequate funds are not availableour earnings, if any, to satisfyfinance development and expansion of our immediate or intermediatebusiness. PRC capital requirements, we willand currency regulations may also limit our operations significantly. There can be no assurance that such additional financingability to pay dividends. Consequently, your only opportunity to achieve a positive return on your investment in us will be availableif the market price of our common stock appreciates.

We will have discretion in applying a portion of the net proceeds of this offering and may not use these proceeds in ways that will enhance the market value of our common stock.

Our management will have considerable discretion in the application of the proceeds received by us from this offering. Such proceeds may be used to usexpand our research and development team, acquire new technological hardware, and expand our sales and marketing team all over China and for working capital and general corporate purposes. You will not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately. You must rely on acceptable terms,the judgment of our management regarding the application of the net proceeds of this offering. The net proceeds may be used for corporate purposes that do not improve our profitability or at all.increase our common stock price. The most likely sourcenet proceeds from this offering may also be placed in investments that do not produce income or that lose value.

Future issuances of capital stock may depress the trading price of our common stock.

Any issuance of shares of our common stock after this offering could dilute the interests of our existing stockholders and could substantially decrease the trading price of our common stock. We may issue additional shares of common stock in the future funds presently availablefor a number of reasons, including to us isfinance our operations and business strategy (including in connection with acquisitions, strategic collaborations or other transactions).

Sales of a substantial number of shares of our common stock in the public market could depress the market price of our common stock, and impair our ability to raise capital through the sale of additional shares of common stock, which could result in dilution to existing shareholders and their interest may be subordinate to the rights and preferences of the holders of new equity shares.   


The Company has a lack of profit and uncertain profit outlook.


The Company has no history in operating its business on which to evaluate the Company and its prospects. If customers do not adopt the Companys products and services due to the Companys operating history, the Companys profits will be significantly and negatively affected. The Company's prospects must be considered in light of the risks, uncertainties, expenses and difficulties frequently encountered in this context.


7






If the Company does not generate sales in a timely manner, the Company may run out of cash.


The Companys business plan is dependent on sales.  We have limited marketing and sales resources, so the Company cannot determine with any certainty when it will make sales and generate revenue.  In the event that revenues do not occur in a timely manner, the Company will need to dramatically reduce costs and may run out of cash.


If the market chooses to buy competitive products and services, the Company will not be financially viable.


Although the Company believes that its products will be of commercial usefulness, there is no verification by the marketplace that the Companys products and services will be purchased by customers. If the market chooses to buy competitive products and services, it may be more difficult for the Company to be profitable and the Company's business would be substantially harmed. The Company believes that the purchase of its products is also highly dependent on perceptions of risk, financial viability of the Company, ability to provide related services and support, and other factors including brand perception, references, and commercial linkage between these sales and other products and services. If the Company is not able to manage these perceptions, it may not be able to meet its forecasts and projections.


The Companys competitors are larger and have greater resources, giving them the ability to utilize commercial practices that prevent customers from buying the Companys products and services.


The Company's competitors are other software development companies, especially those that are focused on offering electronic medical record solutions such as Cerner.  Many of our competitors are larger and have resources greater than those of the Company; therefore, there can be no assurance that potential customers will buy from the Company, as opposed to the Company's competitors. If potential customers do not buy from the Company, the Company's business would be significantly harmed. Competitors may also have greater leverage and stronger relationships with their customers, as well as the ability to offer lower prices, which could affect the Companys ability to procure customers or cause customers to change vendors.


The Company is reliant on senior management.


The Company believes that its success is significantly dependent upon the continued participation and collective skills of Ms. DeFoor. In addition, certain knowledge and skills possessed by our executive officer may not be able to be replaced quickly or at all.  Ms. DeFoor does not have an employment contract and is under no obligations to remain with the Company. If Ms. DeFoor does not remain with the Company, the Company's business may be significantly harmed.  The Company does not currently intend to change its management.


The Company plans to continue paying expenses for research and development.


The Companys market is characterized by rapidly changing technologies and evolving industry standards. The Company plans to incur research and development expenses intended to adapt and expand to this evolving industry and achieve competitive advantage. If the Company does not generate sufficient profit, the business could be harmed. If it is necessary to raise additional funds to pay for further research and development through the issuance of equity securities, the current stockholders would be diluted and their interests might be subordinate to the rights and preferences of the holders of new equity securities.


The Company has an uncertain ability to meet future cash needs.


It is likely that the Company will need additional financing in the future, either as a result of adverse developments, or as a result of rapid growth or volatility in business levels or business conditions. If such financing is unavailable, it could have a serious adverse effect on the Companys ability to survive.


8






The Company must develop a delivery and support infrastructure to be viable in the market.


The Company is in an early stage of development, and if the Company does not develop the necessary infrastructure to support its customers, its business could suffer or fail.  For example, sales and support and the corresponding infrastructure must be put in place to drive revenue.  Failure to put in that system would likely cause the business to fail.


The Companys business plan is highly sensitive to many factors, and thus Company performance is not easily predictable.


Software development is a quickly changing environment and is sensitive to many factors, including competition with larger companies, market demand, research and development expenditures, and the ability to stay competitive in the applicable industry. Given these and other market factors, the Company We cannot predict with certainty its short- and long-term performance and profitability. In addition, even if the Company achieves profitability, given these many factors affecting the Companys business, the Company may not be able to maintain profitability in the future.


If the Company does not manage growth effectively, the Companys business could be harmed.


Resource infrastructure and a significanteffect that future sales plan will be required to realize the Companys growth strategy. Operations growth will place significant demands on the management and other resources of the Company, which demands are likely to continue. To manage future growth, the Company will need to continue to attract, hire and retain highly skilled and motivated officers, managers and employees for:


1.

Sales, marketing, business development and customer service;


2.

Technical support, software development and integration;


3.

Operational and financial management; and


4.

Training, integrating and managing the growing employee base.


The Company may not be successful in selecting, managing or expanding its operations and markets or maintaining adequate management, financial and operating systems and controls. The Company may not be able to achieve desired geographic expansion without additional investment.


Experience of management may not be adequate to achieve projections.


While the Companys officer has history in working with growth companies, there is no guarantee that such experience will ensure that the company will reach its projections.  Success in this industry has many factors that our management team cannot control: the general economy; rapid deployment of competitor offerings; ability to protect our intellectual property; and other macroeconomic factors. Our sole officer, Brandi L. DeFoor, does not have experience running a public corporation.


Risks Related To the Software Development for Online Appointments


Software development is intensely competitive, and if the Company fails to successfully compete in the online appointment scheduling market, its market share and business will be harmed.


The markets for the products and services offered by the Company are intensely competitive and characterized by rapidly changing technology and changing consumer demands.  There are many players in the healthcare software segment, many of which are large and have significant research and development and sales and marketing budgets and staff.  Large companies may at any time attain positions of competitive advantage that the Company will find difficult to counteract.  Because our industry is changing and evolving and we have limited operating history, our financial data will not likely reflect future operations.  There can be no assurance that the Company will be able to successfully compete with any current or potential providers of products and services competitive with those of the Company.


9





The Companys success depends, in part, on its ability to protect, develop and rapidly deploy intellectual property.


Our intellectual property includes the content of our webstite, our back office solution and related software, our registered domain name, and our unregistered trademark.  Although the Company currently intends to pursue protection of its intellectual property, there is no assurance that such protection will be available or sufficient to preclude competition. Competitors may develop similar or superior products, software, business models and intellectual property. This could have a serious impact on the ability of the Company to succeed. If the Company fails to protect, develop and secure proprietary information and intellectual property, the value of the Company could be impaired.


If the Company is unable to adapt to the rapid technological change in its industry, the Company will not remain competitive and its business will suffer.


The Companys market is characterized by rapidly changing technologies and evolving industry standards. The recent growth of web-based solutions and intense competition in the industry exacerbate these market characteristics. The Companys future success will depend on the Companys ability to adapt to rapidly changing technologies by continually improving the features and reliability of its products. The Company may experience difficulties that could delay or prevent the successful introduction or marketing of new products and services. In addition, new enhancements must achieve significant market acceptance. The Company could also incur substantial costs if the Company needs to modify its service or infrastructures or adapt its technology to respond to these changes.


The health care software industry is subject to natural fluctuation.


The industry is subject to changes that fluctuate with the economy and governmental regulations.  There are other companies launching similar products.  If patient appointment numbers are down, the use of the Companys products would be directly affected.  It is likely that the Company will be subject to these same types of performance fluctuations.

Risks Related To Regulations


The Company's failure to comply with existing regulations and future regulations could subject the Company to penalties.


The Company will provide products and services in multiple jurisdictions. The Company will be subject to The Health Insurance Portability and Accountability Act (HIPAA) of 1996 and the Health Information Technology for Economic and Clinical Health Act of 2009 (HITECH Act).  The HIPAA Privacy Rules regulate the use and disclosure and security of patient information.  HITECH extends the privacy rules to business associates of companies covered by HIPAA.   Any failure of the Company to comply with HIPAA, HITECH and other existing regulations or regulations adopted in the future in those jurisdictions could subject the Company to penalties or litigation. Compliance matters could also increase the Companys costs and affect the Companys ability to meet its projections. The Company will assess federal (including HIPAA and HITECH) and local regulations and requirements for its products and services and may need to retain outside experts in order to ensure compliance with local and federal standards, particularly in the area of patient confidentiality.

Risks Related To Customers


The Companys products are not yet proven with customers.


Until the Company has finished testing the beta version of the software and completes the EMR (electronic medical records) integration, there is uncertainty regarding the products acceptability to customers and physicians and as a result, their viability within the customers sales channels. In the event that acceptance is delayed, or in the event that customers promote competitive products, the Company would be seriously harmed.


10





Risks Related To The Offering And

The Purchase and Ownership of Stock


The Company will hold subscription funds in escrow during the Offering Period which may extend to August 31, 2011.


Subscription funds submitted by subscribers will be held at Freedom Bank in an escrow account by Seck & Associates LLC, the Companys escrow agent, during the Offering Period which expires on August 31, 2011 unless earlier terminated by the Company. During such time, subscribers will have no right to the issuance of the shares for which they have subscribed. If the Company fails to receive subscriptions for at least the Minimum Offering Amount or terminates or withdraws the Offering for any reason or if the subscribers subscription is rejected in whole or in part for any reason, subscription funds will be returned to subscribers without any interest earned on the funds.


The Offering Price of the Shares is arbitrary.


The price of the Shares has been determined arbitrarily by the Company and bears no relationship to the Company's assets, book value, potential earnings or any other recognized criteria of value.  The Company can provide no assurance that the shares offered in the Offering will have a market value or that they can be sold at any price.


The Company has a lack of dividend payments.


The Company has no plans to pay any dividends in the foreseeable future. Accordingly, a shareholder may not get any economic benefit until the shareholder is able to sell his or her shares.


Certain Company actions and the interests of stockholders may differ.


The voting control of the Company could discourage others from initiating a potential merger, takeover or another change of control transaction that could be beneficial to stockholders. As a result, the value of stock could be harmed. Purchasers should be familiar with the equity breakdowns among stockholders of the Company.


The Companys management team will have broad discretion over the use of proceeds.


The Companys management will retain broad discretion as to the allocation of the proceeds of this Offering, and the Company may not be able to invest these proceeds to yield a significant return.


Purchasers will experience immediate and substantial book value dilution.


The price of the Shares offered hereunder is expected to be substantially higher than the net tangible book value of each outstanding share of stock. Investors who purchase Shares in this Offering will suffer immediate and substantial dilution.


11






The Company may be subject to rights of preferred stockholders including mandatory redemption.


At some point in the future, the Company may authorize and issue preferred stock.  The Companys preferred stock is blank check preferred which gives the Companys board of directors the right to issue preferred stock without the shareholders approval.  This preferred stock would provide for rights and obligations of the preferred shareholders as defined solely by the board of directors.   The rights attached to preferred shares could affect the Companys ability to operate, which could force the Company to seek other financing. Such financing may not be available on commercially reasonable terms or at all and could cause substantial dilution to existing stockholders.


Our Common Stock may be subject to penny stock rules which may be detrimental to investors because the penny stock rules may make it harder for our shareholders to sell their shares.


The SEC has adopted regulations which generally define penny stock to be any equity security that has a market price (as defined) of less than $5.00 per share or an exercise price of less than $5.00 per share. Such securities are subject to rules that impose additional sales practice requirements on broker-dealers who sell them. For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchaser of such securities and have received the purchasers written consent to the transaction prior to the purchase. Additionally, for any transaction involving a penny stock, unless exempt, the rules require the delivery, prior to the transaction, of a disclosure schedule prepared by the SEC relating to the penny stock market. The broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market-maker, the broker-dealer must disclose this fact and the broker-dealers presumed control over the market. Finally, among other requirements, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. As the Shares immediately following this Offering will likely be subject to such penny stock rules, purchasers in this Offering will in all likelihood find it more difficult to sell their Shares in the secondary market.


There is Currently No Trading Market for our Common stock, and Liquidity of Shares of our Common Stock May Be Limited.


Our shares of common stock are not registered under the securities laws of any state or other jurisdiction, and accordingly there is no public trading market for our common stock. Further, no significant public trading market is expected to develop in the foreseeable future.


Our Sole Director, Officer and Shareholder owns a Majority of the Common Stock and Will Continue to Own a Majority of the Stock After the Offering


Management (consisting solely of Brandi L. DeFoor at present) currently controls and votes 100% of our issued and outstanding common stock. Consequently, management has the ability to influence control of our operations and will have the ability to influence or control substantially all matters submitted to stockholders for approval after the Offering, including:


(a)


Election of the Board of Directors;

(b)


Removal of directors;

(c)


Amendment to the our certificate of incorporation or bylaws; and

(d)


Adoption of measures that could delay or prevent a change in control or impede a merger, takeover or other business combination.


Brandi L. DeFoor will thus have substantial influence over our management and affairs and other shareholders possess no practical ability to remove management or effect the operations of our business.


12







We have the right to issue up to 75,000,000 shares of preferred stock, which may adversely affect the voting power of the holders of other of our securities and may deter hostile takeovers or delay changes in management control.


We may issue up to 75,000,000 shares of our preferred stock from time to time in one or more series, and with such rights, preferences and designations as our board of directors may determine from time to time. To date, we have not issued any shares of preferred stock. Our board of directors is authorized to fix the dividend rights and terms, conversion rights, voting rights, redemption rights, liquidation preferences and other rights and restrictions relating to any series of our preferred stock. Issuances of shares of preferred stock, while providing flexibility in connection with possible financings, acquisitions and other corporate purposes, could, among other things, adversely affect the voting power of the holders of our common stock and may, under certain circumstances,or other equity-related securities would have on the effectmarket price of deterring hostile takeovers or delaying changesour common stock

14

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Statements in management control.



13






Forward-Looking Statements


This Prospectus contains projections and statements relating to the Companythis prospectus that constitute "forward-looking statements." Theseare not descriptions of historical facts are forward-looking statements may be identified by the use of predictive, future-tense or forward-looking terminology, such as "intends," "believes," "anticipates," "expects," "estimates," "may," "will," or similar terms. Such statements speak only as of the date of such statement, and the Company undertakes no ongoing obligation to update such statements. These statements appear in a number of places in this Prospectus and include statements regarding the intent, belief orthat are based on management’s current expectations of the Company, and its respective directors, officers or advisors with respectare subject to among other things: (1) trends affecting the Companys financial condition, results of operations or future prospects, (2) the Companys business and growth strategies and (3) the Companys financing plans and forecasts. Potential investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties that could negatively affect our business, operating results, financial condition and that, should conditions changestock price. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or should“will” or the negative of these terms or other comparable terminology.

We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements. We operate in a very competitive and rapidly changing environment. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any onefactor, or morecombination of the risks or uncertainties materialize or should any of the underlying assumptions of the Company prove incorrect,factors, may cause actual results mayto differ materially from those projectedcontained in any forward-looking statements we may make. Accordingly, you should not place undue reliance on our forward-looking statements. We have included important factors in the cautionary statements included in this prospectus, particularly in the “Risk Factors” section, that we believe could cause actual results or events to differ materially from the forward-looking statements that we make.

You should read this prospectus and the documents that we reference in this prospectus and have filed as a result of various factors, someexhibits to the registration statement of which are unknown. The factorsthis prospectus is a part completely and with the understanding that could adversely affect theour actual future results and performancemay be materially different from what we expect. We qualify all of the Company include, without limitation, the Companys inability to raise additional funds to support operations and capital expenditures, the Companys inability to effectively manage its growth, the Companys inability to achieve greater and broader market acceptance in existing and new market segments, the Companys inability to successfully compete against existing and future competitors, the Companys reliance on independent manufacturers and suppliers, disruptions in the supply chain, the Companys inability to protect its intellectual property, other factors described elsewhereforward-looking statements in this Prospectus,prospectus by these cautionary statements. We expressly disclaim any obligation or other reasons. Potential investors are urgedundertaking to carefully consider such factors. Allrelease publicly any updates or revisions to any forward-looking statements attributablecontained herein to the Companyreflect any change in our expectations or persons actingany changes in events, conditions or circumstances on its behalf are expressly qualified in their entiretywhich any such statement is based, except as required by the foregoing cautionary statements and the "Risk Factors" described herein.law.


15

Item 4. Use of ProceedsUSE OF PROCEEDS


Assuming 900,000 Shares are subscribed for in this Offering, and after netting anticipated Offering expenses,We estimate that the net proceeds from the sale of the Shares[●] shares of common stock in the offering will be approximately $150,250. If subscriptions are received$[●] million after deducting the underwriting discounts and commissions and estimated offering expenses. Proceeds of this offering in the amount of $500,000 shall be used to fund an escrow account for 550,000 Shares, and after netting anticipated Offering expenses,a period of 30 days following the net proceeds fromclosing date of this offering, which account shall be used in the saleevent we shall have to indemnify the underwriters pursuant to the terms of the Shares will be approximately $80,250. If subscriptions are received for 200,000 shares, after netting anticipated Offering expenses, the net proceeds from the sale of the Shares will be approximately $10,250. The Company intendsUnderwriting Agreement.

We intend to use the net proceeds from the Offering primarilyoffering for the following purposes:

(1)Approximately $[●] million to $[●] million over the next three years to expand our business in China and throughout Asia including setting up regional and sales offices in first and second tier cities in China, as well as infrastructure investment for the build-out and expansion of offices in these cities.
(2)The balance for general corporate purposes and funding potential acquisitionsof complementary businesses, assets and technologies.

The amounts and timing of these expenditures will vary depending on a number of factors, including the amount of cash generated by our operations, competitive and technological developments, and the rate of growth, if any, of our business.

Although we may use a portion of the proceeds for the acquisition of, or investment in, companies, technologies, products or assets that complement our business, we have no present understandings, commitments or agreements to enter into any acquisitions or make any investments. We cannot assure you that we will make any acquisitions or investments in the areasfuture.

16


CAPITALIZATION

The following table sets forth the useour capitalization as of proceeds based on the proposed range of offerings:March 31, 2016:



Use of Proceeds

Minimum Offering

Mid-Range

Offering

Maximum Offering

a.

Research and Development

$8,250

$25,000

$50,000

b.

Marketing / Advertising /Promotion

$2,000

$15,000

$25,000

c.

Working Capital

$0

$40,250

$75,250


Total Use of Net Proceeds:

$10,250

$80,250

$150,250


14






Research and Development

after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us.


Use of Proceeds

Minimum Fees

Mid-Range

Offering

Maximum Offering

On an actual basis; and

a.

Research

On a pro forma basis to give effect to the sale of [●]shares of common stock by us in this offering at the public offering price of $ [●] per share (the last reported sale price of our common stock on the OTCQB Market on           , 2016), and Development

$8,250(i)

$25,000(ii)

$50,000(iii)


The system is currently available for small privately held healthcare centers to handle online scheduling, continuous patient update,You should read this table in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the survey module.  The current architecture of the database allows for all upgrades when additional resources are available.  Such upgrades will be defined by trendsfinancial statements and related notes included elsewhere in the market, improved technology and client feedback.this prospectus.


  March 31, 2016 
  Actual  Pro Forma 
  (unaudited)  (unaudited) 
Cash and cash equivalents $123,529                 
Loans from shareholders  1,268,518     
Subscription Payment  --     
Total Current Liabilities  1,773,639     
Stockholders’ Equity:        
Preferred stock, $.001 par value, 100,000,000 shares authorized; no shares issued and outstanding.  -     
Common stock, $.001 par value, 500,000,000 shares authorized; 128,011,883 shares issued and outstanding; [●] shares issued and outstanding, as adjusted  128,012     
Additional paid-in capital  24,627,252     
Accumulated deficit  (16,704,502)    
Accumulated other comprehensive income  275,816     
Total stockholders’ equity  8,326,578     
         
Total Capitalization  10,100,217     

The bridge from our database to that of each individual EMR will have to be completed at the time of installation of new accounts.  An electronic portal or bridge will require mapping of the data fields from our system to that of the other vendors.  


(i)

Minimum Offering.  With the system currently operating without any failures since its launch, performance testing and stabilization would be the primary goal with a minimum offering.  The site is currently operating with over 1,400 users and 250 online appointments scheduled each month.  One database administrator (DBA) hired for 40 hours of consulting would increase performance and solidify the structure. This cost would be $3,000.  That would allow the Company to engage a GUI interface consultant for 50 hours which would allow the Company to move forward in improving the client interface.  This cost would be $3,750. This would leave $1,500 to use for web development.


(ii)

Mid-Range Offering.  The Mid-Range Offering Amount would allow the Company to improve its offering and develop system upgrades.



Estimated

Task

Resource

Cost Per Hour

(blended rate)

Hours

Costs

Database Administrator

Consultant hired hourly

$75.00

40

$3,000.00

GUI Interface

1 GUI

$75.00

120

$9,000.00

Web Developer

1 GUI

$62.50

60

$3,750.00

Overall Graphics

Outsource to Marketing firm



$5,600.00

Allowances for Overages


20%


$3,650.00

Total

$25,000.00


(iii)

Maximum Offering.  Receiving the Maximum Offering Amount would allow for the developments described in (i) & (ii) with the addition of the development of a fully integrated EMR. Current systems available do not include the online client portion already developed in our operational site.  This portion of completed code would expedite the development of the full product and would increase our credibility and service offering in the industry.  Our estimates below describe the timeframes and costs related to upgrading our system;




Estimated

Task

Resource

Cost Per Hour

(blended rate)

Hours

Costs

Min & Mid Offering Upgrades



$25,000.00

Requirements gathering

1 SQL DBA | 1 GUI

$75.00

40 (x 2)

$6,000.00

Database Development

1 SQL DBA

$75.00

40

$3,000.00

GUI Interface

Outsourced Offshore

$20.00

200

$4,000.00

Beta Testing & Rework

1 GUI | 1 Analyst

$62.50

40 (x2)

$5,000.00

Installation & Training

1 Analyst

$40.00

40

$1,600.00

Graphics

Outsource to Marketing firm



$3,500.00

Allowances for Overages on Maximum Offering

20%


$1,900.00

Total

$50,000.00


The costs saved or any overages will come from the reserve set aside in working capital.


15







Marketing/Advertising/Promotion


Use of Proceeds

Minimum Fees

Mid-Range

Offering

Maximum Offering

b.

Marketing / Advertising /Promotion

$2,000(i)

$15,000(ii)

$25,000(iii)


We are currently in the development stage of marketing, sales and promotion strategies. Initially, it appears that the most cost-effective way to generate sales will be to direct as many users as possible to the Companys website.  The site should be developed in a manner which would allow screens to be exported to media for distribution.


(i)

Minimum Offering.  With such limited funds, we will focus attention on direct sales through local, free, physician events to maximize our exposure. Two tradeshows in the region would cost around $1,500.00 and should enable enough interaction to determine the best qualities needed to recruit commissioned sales representatives.


(ii)

Mid-Range Offering.  In addition to the efforts described in (i), our goal in the Mid-Range Offer would be to engage an experienced search engine optimization (SEO) company in the medical space to create a plan for increasing our Google ranking and created an ad word campaign.


(iii)

Maximum Offering.  In addition to the efforts described in (i) and (ii), we would institute our full marketing campaign.  Direct mail, industry print ads and paid articles would utilize the remaining funds.


Working Capital


Use of Proceeds

Minimum Fees

Mid-Range

Offering

Maximum Offering

c.

Working Capital


$40,250

$75,250


Working capital will be utilized to fund the day to day operations and serve to mitigate any overage or shortfalls in the other categories. After receiving a Mid-Range Offering Amount or Maximum Offering Amount, our first hire will be a part time Customer Service Representative to assist with the current client, manage the marketing effort and back up the research and development efforts to ensure efficient use of contractors.  Commissioned Sales Representatives will be recruited through various free online tools to service the opportunities generated by the marketing/advertising efforts.



16







Expenses Related to the Offering


Use of Proceeds

Minimum Fees

Mid-Range

Offering

Maximum Offering

c.

Expenses Related to the Offering

$29, 750.00

$29,750.00

$29,750


Expenses related to the offering are detailed in the chart below.  These fees are estimates and any variances will be covered from Working Capital in the Mid-Range Offering Amount and from Marketing and Product development in the Minimum Offering Amount.


SEC registration fee

 

$

21.00

 

Blue Sky fees and expenses

 

$

350.00

 

Printing and shipping expenses

 

$

100.00

 

Legal fees and expenses

 

$

25,750.00

 

Accounting fees and expenses

 

$

3,000.00

 

Transfer agent and miscellaneous expenses

 

$

529.00

 

Total

 

$

29,750.00

 


Item 5. Determination of Offering Price.


Prior to this Offering, there has been no market for our common stock. The Offering Price of the Shares offered hereunder was arbitrarily determined by the Company and bears no direct relationship to the value of our assets, book value, net worth, historical or prospective earnings, actual results of operations, trading price of our stock, or any other recognized criteria of value. The Offering Price of the Shares should not be considered as an indication of the actual or trading value of a share of our common stock.



17






Item 6. Dilution.


Our net tangible book value, which we have defined as total assets, minus goodwill and tangible assets, less total liabilities, as of April 30, 2011, was $3,210 or $0.001 per share of common stock.  The pro forma net tangible book value per share represents the amount of our total tangible assets reduced by the amount of our total liabilities and divided by the total number of shares to be outstanding immediately after this offering as shown above is based on shares outstanding as of March 31, 2016.

17

DILUTION

If you invest in our common stock, outstanding, including sharesyour interest will be diluted immediately to the extent of common stock issued upon the completion of this Offering.  Dilution in pro form net tangible book value per share to new investors in this Offering represents the difference between the amountpublic offering price per share paid by purchasers of common stockyou will pay in this Offeringoffering and the pro forma as adjusted net tangible book value per share of our common stock immediately after this offering. Our pro forma net tangible book value as of was $[●] , or $[●] per share of common stock. Our pro forma net tangible book value per share set forth below represents our total tangible assets less total liabilities, divided by the completionnumber of this Offering.  



Net Tangible Book Value


Before

Offering

After Minimum Offering

After Mid-Range Offering

After Maximum

Offering

Shares

Outstanding

3,100,000

3,300,000

3,650,000

4,000,000

 Net Tangible

Book Value

$3,210

$13,460

$83,460

$153,460

Net Tangible Book Value per Share

$0.001

$0.004

$0.023

$0.038

Net Tangible Book Value per Share Attributable to Cash

$0

$0.003

$0.022`

$0.037

Tangible Net Book Value

Dilution absorbed by shareholder per Share

$0

$0.196

$0.177

$0.162


Our sole shareholder currently owns 100% of the authorized and issued shares of the Company.  Our sole shareholder will continueour common stock outstanding on.

After giving effect to own 3,100,000our issuance and sale of [●] shares of common stock in this offering at an assumed public offering price of $[●] per share (the last reported sale price of our common stock on the OTCQB Market on , 2016), after deducting the Offeringestimated underwriting discounts and offering expenses payable by us, the pro forma as adjusted net tangible book value as of [●] would have been $ [●], or $ [●] per share. This represents an immediate increase in net tangible book value to existing shareholders of $[●] per share. The public offering price per share will be diluted as a result ofsignificantly exceed the Offering.


The following table shows the Companys capitalization prior to the Offering and if the Company sells its Minimum Offering Amount, its Maximum Offering Amount, and an Offering Amount between those two numbers.




Minimum Offering

Mid-Range Offering

Maximum Offering


Number

of Shares

Percent

Of Outstanding Shares


Amount

Percent of Consideration

Number of Shares

Percent of Outstanding Shares


Amount

Percent of Consideration

Number of Shares

Percent

Of Outstanding Shares

Amount

Percent of Consideration

Brandi L. DeFoor

3,100,000

93.9%

$3,269

7.6%

3,100,000

84.9%

$3,269

2.89%

3,100,000

77.5%

$3,269

1.78%

New Investors

200,000

6.1%

$40,000

92.4%

550,000

15.1%

$110,000

97.11%

900,000

22.5%

$180,000

98.22%

Total Outstanding at each Offering Level

3,300,000

100.0%

$43,269

100.0%

3,650,000

100.0%

$113,269

100.0%

4,000,000

100.0%

$183,269

100.0%


We will require additional capital in order to achieve our business plan. Our most likely source of additional capital will be through the sale of additional shares of common stock. The sale of additionalnet tangible book value per share. Accordingly, new investors who purchase shares of common stock in this offering will result insuffer an immediate dilution of their investment of $[●] per share. The following table illustrates this per share dilution to our existing stockholdersthe new investors purchasing shares of common stock in this offering:

Assumed public offering price per share$XX.XX
Net tangible book value per share as ofX.XX
Increase in net tangible book value per share attributable to the offeringX.XX
Pro forma net tangible book value per share as of after giving effect to the offeringX.XX
Dilution per share to new investors$XX.XX

A $1.00 increase (decrease) in the assumed public offering price of $[●] per share would increase (decrease) the pro forma net tangible book value by $[●] million, the pro forma net tangible book value per share after this offering by $[●] per share and will negatively affect the dilution in pro forma net tangible book value of an investors Shares.


18






Item 7. Selling Security Holders.


The shares being offered for sale consistper share to investors in this offering by $[●] per share, assuming that the number of shares offered by us, as set forth on the cover page of this prospectus, remains the Companysame and after deducting the estimated underwriting discount and offering expenses payable by us.

18

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERSs authorized but unissued

Our common stock.  The Offering includes no selling shareholders.stock is currently quoted on the OTCQB under the trading symbol “MOXC.” Our common stock did not trade prior to April 10, 2014.


Item 8. Plan of Distribution.


General


ThereTrading in stocks quoted on the OTCQB is no public market for our common stock. Therefore, the currentoften thin and potentialis characterized by wide fluctuations in trading prices due to many factors that may have little to do with a company’s operations or business prospects. We cannot assure you that there will be a market for our common stock is limited and the liquidity of our shares may be severely limited. To date, we have made no effort to obtain listing or quotation of our securities on a national stock exchange or association. We have not identified or approached any broker/dealers with regard to assisting us to apply for such listing. We are unable to estimate if or when we expect to undertake this endeavor. No market may ever develop for our common stock, or if developed, such market may not be sustained in the future. Accordingly,

For the Shares should be considered totally illiquid, which inhibits investors ability to sell their Shares. The market price ofperiods indicated, the Sharesfollowing table sets forth the high and low bid prices per share of common stock is likely to be highly volatilebased on inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.

Fiscal Year 2016 High Bid  Low Bid 
First Quarter $5.45  $3.99 
Second Quarter $5.20  $4.00 
Third Quarter (through June 14) $

4.07

  $

3.15

 
         
Fiscal Year 2015  High Bid   Low Bid 
First Quarter $5.85  $5.25 
Second Quarter $5.90  $5.10 
Third Quarter $6.30  $5.70 
Fourth Quarter $6.50  $5.70 
         
Fiscal Year 2014*  High Bid   Low Bid 
First Quarter $--  $-- 
Second Quarter $--  $-- 
Third Quarter (commencing on April 10, 2014) $5.20  $3.00 
Fourth Quarter $11.00  $4.30 

* The Company’s Common Stock did not trade until April 10, 2014.

Holders

As of June 3, 2016, we had 128,011,883 shares of our Common Stock par value, $0.001 issued and outstanding. There were approximately 267 registered owners of our Common Stock. 

Dividend Policy

Any future determination as to the declaration and payment of dividends on shares of our Common Stock will be significantly affected by factorsmade at the discretion of our board of directors out of funds legally available for such as actualpurpose. We are under no contractual obligations or anticipated fluctuationsrestrictions to declare or pay dividends on our shares of Common Stock. In addition, we currently have no plans to pay such dividends. Our board of directors currently intends to retain all earnings for use in the Companybusiness for the foreseeable future.

19

EXCHANGE RATE INFORMATIONs

Our business is conducted in China and all of our revenues are denominated in RMB. Capital accounts of our consolidated financial statements are translated into U.S. dollars from RMB at their historical exchange rates when the capital transactions occurred. RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB, HKD and MYR amounts could have been, or could be, converted into U.S. dollars at the rates used in translation. The following table sets forth information concerning exchange rates between the RMB and the U.S. dollar for the periods indicated. 

Assets and liabilities are translated at the exchange rates as of the balance sheet date.

 Balance sheet items, except for equity accounts March 31,
2016
  September 30,
2015
 
 RMB:USD  6.4494   6.3568 
 HKD:USD  7.7548   7.7501 
 MYR:USD  3.9104    4.4124 

Items in the statements of operations and comprehensive loss, and statements cash flows are translated at the average exchange rate of the period.

   Three Months Ended 
March 31,
 
   2016  2015 
 RMB:USD  6.4652    6.1444  
 HKD:USD  7.7622    7.7556  
 MYR:USD  4.2377    3.6177  

20

SELECTED HISTORICAL FINANCIAL AND OPERATING DATA

The following table presents our selected historical financial data for the periods presented and should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the financial statement and notes thereto included elsewhere in this prospectus.

The statements of operations data for the fiscal years ended September 30, 2015 and 2014 and the selected balance sheet data as of September 30, 2015 and 2014 are derived from our audited financial statements included elsewhere in this prospectus.

The statement of operations data for the three-month periods ended March 31, 2016 and 2015 and the selected balance sheet data as of March 31, 2016 are derived from our unaudited financial statements appearing elsewhere in this prospectus. 

  Year Ended
 September 30,
  Three Months Ended
 March 31,
 
  2015  2014  2016  2015 
Statements of Operations Data:            
Revenues $83,870  $56,122   7,358   22,661 
                 
Cost and Expense                
Cost of Sales  (25,269)  (15,514)  (1,583)  (11,648)
Depreciation and Amortization Expenses  (843,299)  (78,571)  (457,109)  (221,663)
Selling, General and Administrative Expenses  (5,443,815)  (2,176,963)  1,212,913   (668,234)
Impairment of Goodwill  -   (2,600,315)  -   - 
                 
Loss From Operations  (6,228,513)  (4,815,241)  (2,290,003)  (1,149,712)
                 
Loss before Income Tax  (6,226,255)  (4,791,342)  (2,746,860)  (1,160,237)
                 
Net Loss $(6,173,646) $(4,791,342) $(2,725,462) $(1,160,237)
                 
Basic and diluted loss per common share $(0.03) $(0.02) $(0.02) $(0.01)

  As of September 30,  As of March 31, 
  2015  2014  2016 
          
Balance Sheet Data:            
Cash and cash equivalents $2,398,713  $1,770,196  $123,529 
Prepayments, Deposits and Other Receivable  1,042,727   741,645   691,207 
Total Assets  13,074,206   2,860,510   10,100,217 
Total Current Liabilities  7,569,115   7,447,533   1,773,639 
Total Liabilities  7,569,115   7,447,533   1,773,639 
Total Stockholders’ equity  5,505,915   (4,587,023)  8,326,578 

21

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion of our financial condition and results of operations should be read in conjunction with our audited financial statements and the related notes thereto and other financial information appearing elsewhere in this Form S-1. Some of the information contained in this discussion and analysis or set forth elsewhere in this prospectus, including information with respect to our plans and strategy for our business and related financing, includes forward looking statements that involve risks, uncertainties and assumptions. As a result of many factors, including those factors set forth in the “Risk Factors” section of this prospectus, our actual results could differ materially from the results described in or implied by the forward-looking statements contained in this prospectus.

Overview

We are in the O2O (”Online-to-Offline”) business. While there are many definitions of O2O, with respect to our business, O2O means providing an online platform for small and medium sized enterprises (“SMEs”) with physical stores to conduct business online, interact with existing customers and obtain new customers. We refer to our customers as “Merchant Clients” and the users of our platform that are their existing and potential customers as “Users.” Through our platform and the products and services offered through it, we seek to create interaction between our Users and Merchant Clients by allowing Merchant Clients to study consumer behavior. Our products and services are designed to allow Merchant Client to conduct targeted advertising campaigns and promotions which we believe are more effective because they are geared for the customers that a Merchant Client wishes to reach. Our platform is also designed and built to encourage Users to return and obtain new Users, each of which is a potential customer for our Merchant Clients.

We believe we are different from other companies in that our plan is to sign up merchants first and build our user base utilizing their customers. Many companies utilize a different strategy of building up a user base and then signing up paying merchants and other clients to access that user base.

The current version of our platform is called “Moxian+” which consists of our user mobile application (“App”) called the Moxian+ User App and a separate App for our Merchant Clients called the Moxian+ Business App. Both versions of the App are currently available in the Google Play Store and the Apple App Store. There is no charge to download either App. We also have a website that can be accessed at www.moxian.com where either App can also be downloaded. 

Moxian principally operates in mainland China with its headquarters in Shenzhen, China. We launched Moxian version 1.0 which only consists of the User component App in Malaysia in June 2013 and subsequently in China in July 2014. During 2014 to 2015, we developed the Apps as part of “Moxian+,” the successor to Moxian version 1.0 which was officially launched in October 2015 in China only. In December 2015, we opened our Beijing office. We are currently operating results, announcementsin both Shenzhen and Beijing.

We are currently in the process of technological innovations, new products and/or services or new contractsexpanding our operations to Shanghai and Guangzhou. 

As of March 31, 2016 and September 30, 2015, our accumulated deficits were $16,704,502 and $11,174,812, respectively. Our stockholders’ equity was $8,326,578 and $5,505,091, respectively. We have so far generated $7,358 and $12,942 in revenue in the three months and six months ended March 31, 2016, respectively. Our losses have principally been attributed to operating expenses, administrative and other operating expenses.

Recent Developments

As of December 16, 2015, we entered into a Second Amendment Agreement to the Subscription Agreement (the “Second Amendment Agreement”) with Xinhua Huifeng Investment Center Co., Ltd. (Beijing) (“Xinhua”) to amend the Subscription Agreement entered by the Company or its competitors, developments with respect to copyrights or proprietary rights, adoptionand Xinhua (“Xinhua Subscription Agreement”) dated as of new accounting standards or regulatory requirements affectingJune 4, 2015, which was subsequently amended on August 13, 2015. Under the insurance business, general market conditions and other factors. In addition, the stock market from time to time experiences significant price and volume fluctuations that may adversely affect the market price forXinhua Subscription Agreement, the Companys agreed to sell an aggregate of 8,190,000 shares of the Company’s Common Stock at a per share price of $1.00 for gross proceeds of $8,190,000 (approximately RMB50,000,000) (the “Purchase Price”) and to issue to Xinhua for no additional consideration a warrant (the “Warrant”) to purchase in the aggregate of 32,000,000 shares of Common Stock at an exercise price of $2.00 per share, exercisable on or prior to July 31, 2015 (the “Expiration Date”)(such transaction, the “Transaction”). 

Under the Second Amendment Agreement, the Closing Date of the Transaction was extended to December 31, 2015 and the Expiration Date of the Warrant was extended to December 31, 2015. As of the date of this prospectus, we received $8,190,020 of the Purchase Price, and in turn, issued 8,190,020 shares of common stock.stock to Xinhua. No warrants were exercised by Xinhua and have expired.


The Offering


Results of Operations

Three Months ended March 31, 2016 Compared with Three Months ended March 31, 2015

Gross Revenues

The Company is offeringhad revenues of $7,358 in the three months ended March 31, 2016 compared to sell a minimum of 200,000 Shares$22,661 being generated in the three months ended March 31, 2015. The Company started to develop the China market in 2015 and a maximum of 900,000 Shares pursuanttherefore no significant revenue has been generated.

The decrease in revenue for the three months ended March 31, 2016 as compared to the termsthree months ended March 31, 2015 was due to promoting and selling its Moxian version 1.0 to local merchants in Malaysia and China and the product retired in September 2015. In the three months ended March 2016, the Company started to promote the new version in the China market; hence there was a decrease in revenue for the three months ended March 31, 2016 as compared to the three months ended March 31, 2015.

22

Operating Expenses

Selling and general administrative expenses for the three months ended March 31, 2016 and 2015 were $1,212,913 and $668,234, respectively. The expenses consisted of filing fees, professional fees, payroll and benefits and other general expenses. During the three months ended March 31, 2016, the Company was in the process of a self-underwritten direct public offering without any participation by underwriters or broker-dealers.and incurred additional marketing and consulting fees approximately $0.3 million. The Offering Price is $0.20 per Share. remaining increases of approximately $0.2 million were due to the increase of the marketing and selling force in China to achieve market expansion.

The Offering Period will beginresearch and development expenses for the three months ended March 31, 2016 and 2015 were $625,756 and $270,828, respectively. The increase in research and development expenses was because the Company hired more software developers in the three months ended March 31, 2016, which resulted in the increase in the research and development expense.

Depreciation and amortization expense for the three months period ended March 31, 2016 was $457,109, represents a significant increase from the depreciation and amortization expense of $221,663 incurred in the same period of last year. The increase in depreciation and amortization expense in the three months ended March 31, 2016 was due to more amortization expense on the date this registration statement is declared effective bysoftware system capitalized in beginning of fiscal 2016.

We expect that our general and administrative expenses will continue to increase as we incur additional costs to support the Securities and Exchange Commission and will expire on August 31, 2011. We may, withingrowth of our sole discretion, terminate the Offering prior to the end of the Offering Period. No subscription will be accepted unless payment is received by August 31, 2011. The closing of the Offering and the disbursement of funds are conditioned upon our receipt of subscriptions aggregating no less than $40,000, the Minimum Offering Amount. The minimum dollar amount of Shares that may be purchased by any subscriber is $1,000, unless the Company waives this minimum dollar requirement.business.


Until the Company receives and accepts subscriptions for a minimum of $40,000, all subscription funds will be held by the Company at Freedom Bank in an escrow account in the name of Seck & Associates LLC, as escrow agent. If subscriptions for at least $40,000 have not been received before the expiration of the Offering Period, all subscription funds will be returned to the subscribers, without any interest earned on the funds. If an investor subscribes for at least $1,000 and its subscription is accepted by Company, the subscription funds, together with any interest earned on the funds, will be drawn upon and used by the Company following the closing of the Offering.Other Expenses


The affiliates, officers, directors, employees and stockholders of the Company reserve the right at their option to purchase Shares, but all such purchases shall be without discount and at the full Offering Price per Share. Any such purchase will be counted in determining if the Minimum Offering Amount has been satisfied.


Shares will be sold through the efforts of the officer and director of the Company.  Our sole director and officer is not a broker-dealer in reliance on the safe harbor Rule 3a4-1 of the Securities and Exchange Act of 1934. There will be no participation by underwriters or broker-dealers. The Shares will be qualified or registered for sale under the blue sky laws of certain states. The states in which the Company currently plans to offer the Shares include Kansas and Missouri.


19







Expenses of Offering


The Company will pay allhad a $456,283 foreign exchange transaction loss during the three months ended March 31, 2016 due to the conversion of private placement funds, while the costsCompany did not incur similar expenses for the same period of last year. 

Net Loss

Net loss for the three months ended March 31, 2016 and expenses2015 was $2,725,462 and $1,160,237, respectively. The increase in connection withnet loss for the Offering, including but not limitedthree months ended March 31, 2016 comparing to all expenses incurredthree months ended March 31, 2015 was mainly due to prepare, reproduce or print this Prospectus, legalan increase in general and administrative expenses and other expenses as explained above.

For the six months ended March 31, 2016 compared with the six months ended March 31, 2015

Revenues

The Company had revenues of $12,942 in the six months ended March 31, 2016 compared to $68,166 being generated in the six months ended March 31, 2015. The Company scaled down its operations in Malaysia and started to focus on developing the China market in 2015, so no significant revenue has been generated.

Operating Expenses

Selling and general administrative expenses for the six months ended March 31, 2016 and 2015 were $2,694,739 and $1,420,772, respectively. The expenses consisted of filing fees, professional fees, payroll and benefits and other general expenses. During the six months ended March 31, 2016, the Company incurred additional approximately $0.4 million in qualifyingmarketing and consulting expenses to pursue a public offering during the Offeringsix months ended March 31, 2016, while the Company did not incur similar expenses for sale under federalthe same period of last year. The rest of the increase, primarily relating to the Company’s efforts in developing the China market, included approximately $0.3 million increase in professional and consulting fees, $0.1 million increase in salary and wages, $0.3 million increase in rental and property maintenance fees and $0.1 million increase in marketing and advertising expense.

The research and development expenses for the six months ended March 31, 2016 and 2015 were $1,514,296 and $515,986, respectively. The increase in the research and development expense was mainly due to the fact that more software developers were hired during the first half of fiscal 2016.

Depreciation and amortization expense for the six months ended March 31, 2016 was $900,553, which represents a significant increase from $256,744 in the same period of last year. The increase in depreciation and amortization expense in the six months ended March 31, 2016 was due to more amortization expense on the software system capitalized in the beginning of fiscal 2016.

We expect that our general and administrative expenses will continue to increase as we incur additional costs to support the growth of our business.

23

Other Expenses

The Company recorded a $456,283 foreign exchange transaction loss during the six months ended March 31, 2016 due to the conversion of the private placement funds, while the Company did not incur similar expenses for the same period of last year.

Net Loss

Net loss for the six months ended March 31, 2016 and 2015 was $5,529,690 and $2,147,498, respectively. The increase in net loss for the six months ended March 31, 2016 compared to the six months ended March 31, 2015 was mainly due to the reasons explained above.

Year ended September 30, 2015 Compared with Year ended September 30, 2014

Gross Revenues

The Company received sales revenues of $83,870 in the year ended September 30, 2015 compared to $56,122 being generated in the year ended September 30, 2014.

Operating Expenses

Operating expenses for the year ended September 30, 2015 and year ended September 30, 2014 were $5,443,815 and $2,176,963, respectively. The expenses consisted of our leases, R&D expenses, filing fees, professional fees, payroll and benefits and other general expenses.

We expect that our general and administrative expenses will continue to increase as we incur additional costs to support the growth of our business.

Net Profit/(Loss)

Net loss for the year ended September 30, 2015 and year ended September 30, 2014, were $6,173,646 and $4,791,342, respectively. Basic and diluted net loss per share amounted $0.03 and $0.02, respectively, for the year ended September 30, 2015 and year ended September 30, 2014.

The increase in net loss for the year ended September 30, 2015 compared to the year ended September 30, 2014 was due to an increase in general and administrative expenses.

Liquidity and Capital Resources

Cash Assets

As of March 31, 2016, we had a working capital deficit of $925,157 consisting of cash on hand of $123,529 as compared to a working capital deficit of $4,089,365 and cash on hand of $2,398,713 as of September 30, 2015.

Net cash used in operating activities for the six months ended March 31, 2016 was $4,302,128 as compared to net cash used in operating activities of $2,430,153 for the six months ended March 31, 2015. The increase in cash used in operating activities for the six months ended March 31, 2016 was mainly due to the $1.3 million increase in selling and general and administrative expense.

Net cash used in investing activities for the six months ended March 31, 2016 was $458,769 as compared to $34,288 for the six months ended March 31, 2015. The increase in cash used in investing activities for the six months ended March 31, 2016 was mainly related to more spending on the development of our Moxian+ App.

Net cash provided by financing activities for the six months ended March 31, 2016 was $2,506,098 as compared to $1,483,480 for the six months ended March 31, 2015. During the six months ended March 31, 2016, the Company completed a private placement of approximately $8.2 million, of which approximately $5.5 million was received as of September 30, 2015, prior to the six months ended March 31, 2016.

For the fiscal year of 2016, the Company will likely require additional capital of $18 million to $20 million to continue to operate our business, and to further expand our business. Sources of additional capital through various financing transactions or arrangements with third parties may include equity or debt financing, bank loans or revolving credit facilities. We may not be successful in locating suitable financing transactions in the time period required or at all, and we may not obtain the capital we require by other means, such as conducting a public offering of our common stock. Our inability to raise additional funds when required may have a negative impact on our operations, business development and financial results.

24

Financing

On June 4, 2015, the Company and Beijing Xinhua Huifeng Equity Investment Center (Limited Partnership) (“Xinhua”) entered into a subscription agreement, pursuant to which, the Company agreed to sell an aggregate of 8,190,000 shares of the Company’s Common Stock at a per share price of $1.00 for gross proceeds of $8,190,000 (approximately RMB50,000,000) (the “Purchase Price”) and to issue to Xinhua for no additional consideration a warrant to purchase in the aggregate of 32,000,000 shares of Common Stock at an exercise price of $2.00 per share, exercisable on or prior to July 31, 2015.

Under the subscription agreement, we are required to issue an additional number of shares of our common stock to Xinhua, equal to 50% of the aggregate number of shares issued upon exercise of the warrant by Xinhua as of September 30, 2016, if we fail to contract with 25,000 new paying merchants by September 30, 2016. This “make good” provision will be available only if Xinhua has exercised the warrant and acquired more than 16,000,000 shares of common stock. Further, we are required to issue 4,000,000 shares of common stock to Xinhua, for no additional consideration, if we fail to publish its full working version of the Moxian mobile application version 2.0 by September 30, 2015, or if we fail to uplist to a national securities exchange in the U.S. by June 30, 2017.

Subsequent to the initial subscription agreement, the closing date of the transaction, as well as the expiration date of the warrant, were both first extended to September 30, 2015, and then further extended to December 31, 2015. We received $8,190,020 of the Purchase Price, and in turn, issued 8,190,020 shares of common stock to Xinhua. The warrants were not exercised and have expired.

Loan

As of March 31, 2016, the Company borrowed loans from certain related parties of the Company for an aggregate of $1,268,518.

As of September 30, 2015, the Company borrowed loans from certain related parties of the Company for an aggregate of $1,462,525.

Foreign Operations

Substantially all of our business operations are conducted in Mainland China. Accordingly, our results of operations, financial condition and prospects are subject to a significant degree to economic, political and legal developments in the PRC. We also have operations in Hong Kong. Operating in foreign countries involves substantial risk. For example, our business activities subject us to a number of Chinese laws and applicable state securities,regulations, such as anti-corruption laws, tax laws, foreign exchange controls and cash repatriation restrictions, data privacy and security requirements, labor laws, intellectual property laws, privacy laws, and anti-competition regulations, which have uncertainties. Any failure to comply with the PRC laws and regulations could subject us to fines and penalties, make it more difficult or impossible to do business in China and harm our reputation.

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Operating in foreign countries also subjects us to risk from currency fluctuations. Our primary exposure to movements in foreign currency exchange rates relates to non-U.S. dollar denominated sales and operating expenses. The weakening of foreign currencies relative to the U.S. dollar adversely affects the U.S. dollar value of our foreign currency-denominated sales and earnings. This could either reduce the U.S. dollar value of our prices or, if we raise prices in the local currency, it could reduce the overall demand for our offerings. Either could adversely affect our revenue. Conversely, a rise in the price of local currencies relative to the U.S. dollar could adversely impact our profitability because it would increase our costs denominated in those currencies, thus adversely affecting gross margins.

Critical Accounting Policies and Estimatesblue sky,

Use of Estimates laws. It is estimated

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the expensesreported amounts of assets and liabilities and disclosure of contingent liabilities at dates of the Offeringfinancial statements and the reported amounts of revenue and expenses during the periods. Actual results could differ from these estimates. Our significant estimates and assumptions include depreciation and the fair value of our stock, stock-based compensation, debt discount and the valuation allowance relating to the Company’s deferred tax assets.

Recently Issued Accounting Pronouncements

Reference is made to the “Recent Accounting Pronouncements” in Note 2 to the Financial Statements included in this Report for information related to new accounting pronouncement, none of which had a material impact on our consolidated financial statements, and the future adoption of recently issued accounting pronouncements, which we do not expect will have a material impact on our consolidated financial statements.

Off-Balance Sheet Arrangements

We do not exceed $29,750.have any off-balance sheet arrangements.


Subscription Procedures


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If after carefully reviewingOUR HISTORY AND CORPORATE STRUCTURE

The following diagram illustrates our corporate structure as of the date of this prospectus.

Moxian was incorporated in the State of Nevada on October 12, 2010 under the name SECURE NetCheckIn Inc. On July 29, 2015, we changed our name to Moxian, Inc. Previously we were engaged in the business of offering a cloud-based scheduling and studying this Prospectus, you desirenotification product targeted to purchase Shares, you must dourgent care facilities and medical offices to increase the following:satisfaction of patients in the scheduling and timing of appointments.


(1) Complete, execute, dateOn February 21, 2014, through Moxian CN Samoa, we acquired Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and deliverMoxian Malaysia, from Rebel Group, Inc. (“REBL”, formerly known as Moxian Group Holdings, Inc.) Moxian CN Group was incorporated by the Company under the laws of Independent State of Samoa on February 17, 2014.

Moxian BVI is a British Virgin Islands company that was incorporated on July 3, 2012. Moxian HK was incorporated on January 18, 2013, under the laws of Hong Kong. Moxian HK is currently engaged in the business of online social media and plans to launch its business in Hong Kong.

Moxian Shenzhen was incorporated on April 8, 2013 in China and is engaged in the business of internet technology, computer software, and commercial information consulting. Moxian Malaysia was incorporated on March 1, 2013 and conducts its business in the IT Services and Media Advertising industries.

Prior to the acquisition of Moxian BVI, on February 19, 2014, Moxian HK and Moxian Shenzhen entered into an Assignment and Assumption Agreement with Moxian IP Samoa, a wholly-owned subsidiary of REBL at the time, whereby Moxian HK and Moxian Shenzhen assigned and transferred to Moxian IP Samoa, all of the intellectual property rights relating to the operation, use and marketing of the Moxian Platform, including all of the relevant trademarks, patents and copyrights, in consideration of $1,000,000. Subsequently on January 30, 2015, we acquired from REBL 100% of the equity interests of Moxian IP Samoa for $6,782,000. As a result of the transaction, Moxian IP Samoa became our wholly-owned subsidiary. Moxian IP Samoa was incorporated on February 17, 2014 in the Independent State of Samoa.

On July 15, 2014, Moxian Shenzhen entered into a series of contractual arrangements with Moyi, which provide Moxian Shenzhen with control over Moyi’s business affairs and economic interest, as described in more details below. Moyi was incorporated on July 19, 2013 in China.

On December 10, 2015, Moxian Shenzhen incorporated Moxian Beijing and Moxian Beijing became the wholly-owned subsidiary of Moxian Shenzhen.

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Contractual Arrangements with Moyi and its Shareholders

Due to PRC legal restrictions on foreign ownership and investment in, among other areas, Internet information services, which include online advertisement and e-commerce, we, similar to other entities with foreign-incorporated holding company structures operating in our industry in China, operate our businesses in which foreign investment is restricted or prohibited in the PRC through a wholly-foreign owned enterprise and a variable interest entity. The variable interest entity, Moyi, which is incorporated in the PRC and 100% owned by two PRC nationals, Zhang Guohui and Guan Fensheng (“Moyi Shareholders”), holds the required Internet Content Provider license, or ICP license and operate our businesses in China.

We have entered into certain contractual arrangements, as described in more detail below, which collectively enable us to exercise effective control over the Subscriptionvariable interest entity and realize substantially all of the economic risks and benefits arising from, the variable interest entity. As a result, we include the financial results of the variable interest entity in our consolidated financial statements in accordance with U.S. GAAP as if it was our wholly-owned subsidiary.

The following is a summary of the contractual arrangements that provide us with effective control of our variable interest entity and that enable us to receive substantially all of the economic benefits from its operation.

Exclusive Business Cooperation Agreement which accompanies this Prospectus.


(2) Forward.  Pursuant to the SubscriptionExclusive Business Cooperation Agreement dated July 15, 2014, between Moxian Shenzhen and Moyi, Moxian Shenzhen exclusively provides Moyi with services, including, technical and systems support, marketing consultancy, product research and development, equipment leasing and system maintenance.  In return, Moyi pays a service fee to David S. Brown, Seck & Associates LLC, 7285 W. 132nd Street, Suite 240, Overland Park, KS 66213 with a wire transfer to Freedom BankMoxian Shenzhen in an amount equal to 100% Moyi’s pre-tax profit. Under the totalagreement, Moxian Shenzhen has an option to purchase from Moyi any or all of its assets, at the lowest price permitted under the PRC laws. The initial term of this agreement is 10 years, which may be renewed by Moxian Shenzhen in its sole discretion. The agreement may be terminated, by Moxian Shenzhen with a 30-day written notice, or by Moyi only if Moxian Shenzhen engages in grossly negligent or fraudulent conducts.

Exclusive Option Agreement.    Pursuant to the Exclusive Option Agreement dated July 15, 2014, among Moxian Shenzhen, Moyi and Moyi Shareholders, Moxian Shenzhen or its designee has an exclusive option to purchase from the Moyi Shareholders, to the extent permitted under the laws of the PRC, all or a portion of their equity interest in Moyi, on one or more occasions, at the price of RMB 10 (or approximately $1.62) per share, or such other price based on an appraisal if such appraisal is required by the laws of PRC. Moyi and its shareholders also agreed that, no person, other than Moxian Shenzhen and its designee, has the right to purchase any of the equity interest of Moyi. Moyi and the Moyi Shareholders undertake not to effect major corporate changes, including, amending its articles of association or bylaws, changing its registered capital, declaring dividends, or enter into any major transaction in relation to Moyi, including, the transfer of any of its business, material assets, or equity interests to any third party, incurring debts other than in the ordinary course of business, executing any major contract, or making investments in or acquiring a third party, without the prior written approval of Moxian Shenzhen. The initial term of this agreement is 10 years, which may be renewed by Moxian Shenzhen in its sole discretion.

Loan Agreement. Pursuant to the Loan Agreement dated July 15, 2014, by and among Moxian Shenzhen and Moyi Shareholders, Moxian Shenzhen granted an interest-free loan in the principal amount of RMB 100,000 (or approximately $15,198) to Moyi Shareholders, which may only be used for the purposes of Moyi’s business operation. The loan has a 10-year term, but Moxian Shenzhen may require acceleration of repayment at its absolute discretion with a 30-day notice. Moxian Shenzhen will choose the form of the repayment, which, among others, may be the proceeds that Moyi Shareholders receive from selling their equity interest in Moyi to Moxian Shenzhen, pursuant to the Exclusive Option Agreement described above.

Equity Pledge Agreement.   Pursuant to the Share Pledge Agreement dated July 15, 2014, among Moxian Shenzhen and Moyi Shareholders, Moyi Shareholders pledged all of their equity interests in Moyi to Moxian Shenzhen, to secure the performance of obligations by themselves and Moyi under the agreements described above. Under this agreement, Moyi Shareholders may not transfer or dispose of their equity interest in Moyi, without Moxian Shenzhen’s prior written consent. The equity pledge agreement has not yet been been registered with the relevant office of the Administration for Industry and Commerce in China.

Power of Attorney. Pursuant to the Powers of Attorney dated July 15, 2014, Moyi Shareholders respectively granted irrevocable authority to Moxian Shenzhen, to exercise all their rights as a shareholder of Moyi, including the right to attend and vote at shareholders’ meetings and appoint directors. Moyi Shareholders also authorized Moxian Shenzhen to take necessary actions, on their behalf, to effect the transactions contemplated by the Equity Pledge Agreement and Exclusive Option Agreement. Moyi Shareholders agreed not to grant the same authority under the Powers of Attorney to any other person, without Moxian Shenzhen’s prior written consent.

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BUSINESS

Overview

We are in the O2O (“Online-to-Offline”) business. With respect to our business, O2O means providing an online platform for small and medium sized enterprises (“SMEs”) with “brick and mortar” businesses that allows them to conduct business, interact with existing customers and obtain new customers online. We refer to our customers as “Merchant Clients” and we use the term “Users,” to refer to those existing and potential customers of our Merchant Clients who use our mobile application and platform. Through the features, products and services offered on our platform, we seek to create interactions between Users and Merchant Clients, which will allow Merchant Clients to study consumer behavior. Our platform has five main components that allow Merchant Clients to conduct targeted advertising campaigns and promotions, which we believe are effective because they are geared to the customers that a Merchant Client wishes to attract. Our platform is also designed and built to encourage Users to return and refer new Users, each of which is a potential customer for our Merchant Clients.

The current version of our platform is called “Moxian+,” which consists of our user mobile application (the “App” and collectively, the “Apps”) called the Moxian+ User App and a separate App for our Merchant Clients called the Moxian+ Business App. Both versions of the App are currently available in the Google Play Store and the Apple App Store. There is no charge to download either App. We also have a website that can be accessed at www.moxian.com where either App can also be downloaded.

Moxian principally operates in mainland China with its headquarters in Shenzhen, China. We launched Moxian version 1.0 in Malaysia in June 2013 and subsequently in China in July 2014. In 2015, we developed the Apps as part of “Moxian+,” the successor to Moxian version 1.0 which was officially launched in October 2015 in China.

Market Opportunities

China currently has more than 850 million users actively utilizing mobile applications (http://news.xinhuanet.com/english/2015-11/10/c_134802668.htm). In 2014, the China Internet Network Information Center reported that there were approximately 618 million internet users throughout Asian countries, representing a penetration rate of approximately 46 percent. Among these internet users, over 90 percent have a social media account. For comparison, just 67 percent of U.S. internet users engage in social media. However, the opportunity in China extends beyond the ability to reach a large target audience. According to the Data Center of China Internet, 38 percent of users claim they are more likely to buy items recommended by other social media users (Statistical Report on Internet Development in China by China Internet Network Information Center, 2014).

O2O platforms serve to substantially enhance marketing and commerce performance for brands and retailers compared to traditional digital marketing approaches. O2O refers to any and all activities that originate online and eventually result in a shopper going to a physical store. Forrester Research predicts that by 2016, more than half of the $3.5 trillion spent in offline US retail will be influenced by the websites (Forrester’s US Cross-Channel Retail Forecast, 2011 To 2016).

According to official statistics, China’s O2O market reached 98.7 billion yuan (approximately US$9 billion) in 2011. Industry analysts anticipate that the China O2O market will quadruple to 418 billion yuan (approximately US$67 billion) in 2016 (http://www.prnewswire.com/news-releases/chinas-o2o-market-the-path-to-success-is-not-uni-directional-201906281.html). Moxian believes it will be able to capture a share in this market by offering its platform to merchants. Our platform allows users to be aware of their interested merchants’ on-going promotions so as to attract them to make purchases offline.

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Products and Services

Subscription Packages for Moxian+ Business App Merchant Clients

The Moxian+ Business App is solely for use by Merchant Clients. Moxian+ Business App allows them to manage their presence within the Moxian+ platform, plan a campaign, offer discounts, manage payments and receive analytics. We offer free and paid subscription packages to use the Moxian+ Business App. We have three subscription levels. Our basic account is free, our gold account is $1,200 per year and our diamond account is offered at $2,000 per year.

With a basic account subscription, Merchant Clients get a “Do It Yourself” webpage and they can use different modules in their account, including the business address, business phone number and list up to 5 products that they can offer for sale through our e-commerce feature. The following benefits are available to Merchant Clients that have a basic account:

A webpage to create an online shop

Ability to interact with customers through MO-Talk, a voice chat service

Receive basic analytics reports
Provide rewards to Users

When a Merchant Client purchases one of our paid subscription packages, in addition to the features provided in the basic account, Merchant Clients also have access to a more extensive set of tools on our platform, which allows them to

Send out messages to targeted customers
Receive more detailed analytics reports
Social Customer Relationship Management (‘SCRM’)
Fan rewards
Events Hosting
Vouchers and Product Listing
Features for multiple store locations

Moxian+ User App for Users

Our Users are referred to as “MO-Pals” within the User App. They can download and use the User App for free. Users provide basic information to sign up for a Moxian+ account and then they can invite friends and family members to join Moxian+, search and join different interest groups, and participate in social media by sharing activities, stories, photos and videos, sending micro-blog messages, playing online games in Moxian+’s game center, and earning MO-Coins, a virtual currency similar to credit card reward points which are explained further below.

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The Moxian+ User App has a variety of features to attract and retain Users. The Moxian+ User App also provides access to a social media platform with a package of services to provide interaction with other Users and Merchant Clients.

Interact with other Users through MO-Talk;
News Center with daily news items under “Hot Topics,” ‘Hot Events” and “Nearby People;”
Game Center to earn MO-Points;
Shop at Merchants’ Online Stores bycredit card or MO-Coins; and
MO-Shake allows Users to shake their phone to win: vouchers; MO-Coins or MO-Points; and coupons, discounts or admission to other events hosted by Merchant Clients which are in the vicinity of the User.

Services for Merchant Clients

Social Customer Relationship Management (‘SCRM’)

Our SCRM is built to allow Merchant Clients to input their customer details into the system. The SCRM can then follow the customers’ activities and allows Merchant Clients to send promotional messages and advertisements to Users through our platform.

Targeted Marketing

Our Targeted Marketing tool is offered to paid Merchant Clients only. Its feature allows our Merchant Clients to contact their targeted Users directly by sending messages, promotions and vouchers to a specific range of customers, such as customers who have visited their store in the past week or month or customers who have upcoming birthdays. Merchant Clients can send Users discounts or messages and target people by age, gender or other criteria. We also provide targeted marketing to assist Merchant Clients to reach customers more efficiently. For example, we can generate a list of customers who have browsed a Merchant Client’s products over the past two months more than once, but not made a purchase, and a discount can be offered to them for certain products. In addition, Merchants Clients can find Users near their physical shops (within 1,000 meters) and invite them to their stores.

Analytics Reports

Detailed reports are provided to paid Merchant Clients. These reports allow Merchant Clients to see the number of Shares you desirefollowers they have, the number of points redeemed and rewarded, and the number of vouchers purchased or redeemed offline. Merchant Clients with a free account receive only basic analytics, such as how many MO-points have been distributed. However, for paid accounts, Merchant Clients receive more detailed analytics regarding the buying patterns and likes of current and potential customers.

Merchant Clients can provide rewards to customers by including their customer’s mobile number. Customers who have installed the Moxian+ User App can then receive rewards on the platform in the form of MO-Points or discount vouchers. Customers who do not have the Moxian+ User App installed will receive a text message informing them of their rewards and that they can download the Moxian+ User App to redeem them.

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Event Hosting

Merchant Clients can host events through the platform and invite Users within a selected range, such as by proximity, common interest, or gender to participate in the event.

Vouchers and Product Listings

Merchant Clients can customize coupons or vouchers on the platform, daily or with whatever frequency they wish, or list available products.

Multiple store features

For those Merchant Clients which have multiple stores in different locations, our platform allows different stores to access to the same account. Moreover, different stores may be differentiated for which information they can access to by entering their location in the app.

Webpage to Create an Online Shop

We provide a Do it Yourself Webpage to create an online shop. The Merchant Client can include its logo, its product/service category, telephone number, and other information that is relevant to the business. The Shop will appear in the Moxian+ User App. A Merchant Client can manage its own shop by adding more information, posting events, offers, and discounts.

Our Platform

There are five components to our Moxian+ platform, which is the backend of our application. The Moxian+ platform includes the social media engine, the e-commerce engine, the rewards engine, the gamification engine, and the analytical engine.

Social Media Engine

Our data use policy governs the use of information that users have chosen to share and present. We also design our products to include robust safety tools. These tools are coupled with partnerships with online safety experts to offer protection for all users, particularly teenagers. We work with law enforcement to help promote the safety of our users as required by law. To the extent permissible, and with prior consent from the Users, we analyze User’s information to understand the Users behavior.

E-Commerce

Utilizing our e-commerce features, Merchant Clients are able to conduct business by posting products, offering coupons and sales as well as creating events and blogs through the Moxian+ Business App. On the other hand, Users can shop at the Merchant Clients’ shops like at any other e-commerce platform by ordering online and receiving the products by express delivery.

Rewards

Users are rewarded with MO-Points and MO-Coins. MO-Points are points granted to Users when they shop at Merchant Clients, play games on our platform or engage in other activities sponsored by the Merchant Clients. MO-Points can be redeemed at the Merchant Clients’ shops as determined by the Merchant Clients, or can be redeemed for MO-Coins which are virtual currency and can be used at any Merchant Client’s stores. MO-Coins are backed by cash paid by Merchant Clients which is held in an escrow account. They can be redeemed for cash, or used to purchase more MO-Points. The ratio of MO-Coins to actual currency is currently set at 1:1. A Merchant Client who pays for MO-Coins can also redeem them for cash.

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MO-Points and MO-Coins are traceable and trackable on the Moxian+ platform through designated serial number so that we can see exactly what Users do with them and use that information to assist our Merchant Clients to determine customer behaviors.

From time to time, we may also give away MO-Points or MO-Coins as pera promotion to increase our User base. We also plan to have our own “shopping mall” with merchandise that Users can purchase with MO-Points and MO-Coins in the upcoming year.

Gamification

Together with outside contractors we develop games for Users to earn MO-Points and MO-Coins and other rewards which may be specific to a certain Merchant Client. Users can use MO-Points to play games offered in our game center.

Analytical Engine

Moxian provides analytics to each Merchant Client for the consumer behavior Moxian learns through its platform to assist our Merchant Clients to better design their promotions and reach their target audience. We analyze consumer behavior through ‘likes’ of posts by certain merchants or the places they tend to “check-in” to, to determine their usual hang out.

News Center

On “Hot Topics,” the most popular topics and related blogs, news, and journals being discussed among Users will be displayed, so that Users can stay informed in real time. “Hot Events” provide information about events to be hosted by Merchant Clients, and they are categorized by different interests. In addition, Users will be able to see the list of other nearby Users, with information that a User may be willing to have displayed.

Advertisements

On January 20, 2016, the Company entered into an Exclusive Partnership Agreement with Xinhua New Media Culture Communication Co. Ltd. (“Xinhua New Media”), pursuant to which the Company is engaged as the reseller of the advertisement space for the Xinhua New Media App.

The Company plans to expand its sales force to include an advertisement sales team to promote the Xinhua New Media App advertisement space. In addition to selling the Xinhua Advertisement space, the sales team will also be selling our own advertisement space on Moxian platform.

We believe that we will benefit from the partnership with Xinhua New Media in two ways:

Firstly, Traction and growth of users. Users of the Xinhua New Media App will be rewarded with Mo-Coins and Mo-Points when engaging in interactive activities, such as clicking on any advertisements, within the platform. These Xinhua New Media App users are expected to then log into Moxian Platform to redeem their Mo-Coins and Mo-Points. This will allow us to grow our user base.

Secondly, Cross-Selling. We will bundle our Moxian+ Merchant App with the advertisement space on the Xinhua New Media App and offer a package deal to merchants. The package deals will only be offered to large-scale customers who have chain-shops based in China.

In addition, we are also the exclusive operator and partner for the gaming platform included in the Xinhua New Media App. Moxian charges a fee for operating the gaming platform, which generate revenues from advertisement, sponsorship and profit sharing arrangements with gaming companies.

Transaction Fees

All transactions carried across our platform is done through our virtual currency. We charge a fee for any transaction carried on our platform within a range of 3% to 5% of the transaction price.

White-Label Solution

We offer large scale merchants the option to “white label” our Moxian+ Merchant and User App. We charge a yearly fee to the merchants. White-label merchants sell Moxian+ Merchant and User App in their own names. We also offer customization of Moxian+ Merchant and User App at the request of merchants for an additional fee.

Marketing Strategy

Our success is dependent upon signing up paid Merchant Clients. The Merchant Clients, in turn, build up our base of Users by encouraging their customers to download our User App. Merchant Clients can offer MO-Points and MO-Coins to attract people to download our App. In order to attract more Merchant Clients, we also need to have an established base of Users.

We initially marketed only to merchants in Shenzhen, China where we launched Moxian version 1.0. Although this was a beta test that ran for three months from June 2015 to August 2015, 30,000 merchants subscribed for our Moxian version 1.0 services. We are currently targeting these same merchants for Moxian+ and expanding the User base.

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We have a sales force of 20 people based in Shenzhen, China. By the end of 2016, we intend to open an additional sales office in Shanghai and Guangzhou and hire a sales force of 200 sales people in four operating cities.

We are currently scheduling seasonal sales events in Shenzhen to promote our products and services to our initial Merchant Clients and give away MO-Points and MO-Coins.

During 2016, we also plan to utilize third party distributors with an existing base of merchants to market our products.

Competition

Although major global social network platform providers have the advantage of an existing user base, we believe Moxian has a unique social business model and social media features that enable us to stand out among the competition. Other major social networking platforms usually focus on personal photo sharing, video sharing, chat features, group chatting, micro-blogging, following groups’ online activities, rating and commenting on products and services. What we believe makes Moxian stand out is that our Merchant Clients have: (i) their own promotion pages, (ii) local event programs for their customer Users, (iii) location-based promotion information, (iv) mobile chat applications, (v) free prizes for the Users, (vi) advertising on Moxian’s social pages, (vii) a social customer relationship management systems, (viii) a loyalty program using MO-Points and MO-Coins, and (ix) customized online games to promote merchants’ brands and group sales promotions. Therefore, by establishing our Merchant Client base first, we believe that our user acquisition will be easier to build up.

In China, we face stiff competition. Our major competitor in China is Dazong Dianping (“Dianping”). Dianping targets merchant clients as we do. In addition, Dianping also offers merchants a customized page, location based promotion information and a relationship management tool. The other principal competitors are Nuomi, Meituan and WeChat.

However, we believe Moxian+ is superior for SMEs because our SCRM offers Merchant Clients the ability to interact with their customers via instant messenger. In addition, we offer virtual currencies that can entice and encourage repeated visits by the Users.

Our Technology

Technology is the key to our success in achieving efficiency for our business, improving the user experience and enabling innovation. We employ a team of over 80 engineering and data analytics personnel to build our technology platform and develop new online and mobile products. Key components of our technology include:

Data Science

Our data science technology serves various types of data-intensive computational needs, including deep learning, high-volume batch processing and multi-variable and multi-dimensional real-time analytics. Data mining and transaction, payment and behavioral data science capabilities are used extensively in numerous applications such as search and online marketing.

Security

We take various steps to ensure the security of the Moxian+ platform and the personal information of users of the platform, as well as the ecommerce transactions conducted on the platform. We conduct daily testing and have engaged an outside security consultant to conduct further testing and make recommendations as to additional security measures.

Research and Development

There are 60 people in the Research & Development department, which is responsible for developing and improving the mobile application, Moxian platform and customer experience in using our products. During the past two fiscal years, we have spent approximately $1,735,704 in 2014 and $4,355,052 in 2015, respectively on research and development.

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Employees

We have a total of 160 employees, of which we have 21 employees in the product team, 60 employees in the research and development team, 26 employees in the sales and marketing department, 17 employees in the customer and technical support team and the remaining in the administrative department. We consider our employee relations to be good, and to date have not experienced a work stoppage due to a labor dispute.

Intellectual Property

Trademarks

We have registered for the following instructions:trademarks:

 

Mark

Freedom Bank

Country of RegistrationApplication NumberClass/DescriptionCurrent OwnerStatus

FED ABA# 17 147 6  ACCOUNT #4003134

Hong Kong302534274Class 9: Magnetic data carries, recording discs, data processing equipment and computers Class 35: Advertising, business management, business administration Class 38: Telecommunications Class 40: Treatment of materials Class 41: Entertainment Class 42: Design and development of computer hardware and softwareMoxian (Hong Kong) LimitedRegistered

C/O SECURE NetCheckIn Inc. Escrow

America85931344Class 009: Magnetic data carries, recording discs, data processing equipment and computers Class 035: Advertising, business management, business administration Class 038: Telecommunications Class 040: Treatment of materials Class 041: Entertainment Class 042: Design and development of computer hardware and softwareMoxian (Hong Kong) LimitedRegistered
China13460852Class 9: Magnetic data carries, recording discs, data processing equipment and computersMoxian Shenzhen Technologies Co LtdRegistered
魔线China13461178Class 38: TelecommunicationsMoxian Shenzhen Technologies Co LtdRegistered


All wire transfers should be accompanied by a facsimile notification of the wire to the attention of David S. Brown at 800.976.9425.

All funds received in connection with the sale of the Shares shall be held until Closing in escrow by Seck & Associates LLC, as escrow agent for the Company, at Freedom Bank.


Right to Reject Subscriptions


We have applied to register the rightfollowing trademarks:

China13460714Class 42: Design and development of computer hardware and softwareMoxian Shenzhen Technologies Co LtdPending
China10624504Class 42: Design and development of computer hardware and softwareMoxian Shenzhen Technologies Co LtdPending

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Patents

We have submitted the patent applications as follows:

PatentCountry of RegistrationApplication NumberDescriptionApplication DateStatus
A business promotion method based on internet platform for users to access the information independentlyChina201310734492.2Including background identifying steps giving feedbacks on the demands sent by terminal application steps, access end-user’s real-time location information and search nearby merchants, push merchant’s information and free rewards to users27th December 2013Pending
A method based on internet platform to achieve interactive information through QR codeChina201410235257.5Including terminal application steps, start the application terminal of internet platform, access the merchant’s ID and IP on the platform through scanned QR code30th May 2014Pending
The method and system of pushing targeted advertising based on consumption patternsChina201510628706.7Including access user’s chat session content, analyze and abstract user’s interested information, send the corresponding targeted advertising to users through data analysis28th September 2015Pending
The method and system of pushing targeted advertising based on chat sessionChina201510628708.6Including access user’s consumption record, analyze and understand user’s consumption mode, send the corresponding targeted advertising to users through data analysis28th September 2015Pending

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Copyright

We have applied for copyright registration of Moxian’s mascot “Moya” on December 2, 2013. Moya is a mascot representing the Moxian Platform. Below are some pictures of Moya with different expressions:

Executive Office

Our principal executive offices are located at Block A, 9/F, Union Plaza, 5022 Binjiang Avenue, Futian District, Shenzhen City, Guangdong Province, China. Our telephone number is +86 (0)755-66803251. We maintain a website at www.moxian.com. The information contained on our website is not, and should not be interpreted to accept or reject subscriptionsbe, a part of this prospectus.

Property

We do not own any real property. We currently rent office space in whole orShenzhen, PRC. The monthly rent is RMB 200,000 (or approximately $31,237). We also rent an office in partMalaysia. The monthly rent for any reason orthe Malaysia office is RM 20,000 (or approximately $4,727). We also rent an office in Beijing. The monthly rent for no reason.the Beijing office is RMB121,015 (or approximately $19,424). We will return all monies from rejected subscriptions to the subscriber without interest or deduction.believe that our office space is sufficient for our current needs.


Legal Proceedings


There areAs of the date hereof, we know of no material pending nor to our knowledge threatened, legal proceedings against to which we or any of our subsidiaries is a party or of which any of our property is the Company.subject. There are not proceedings in which any of our directors, executive officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our interest. From time to time, we may be subject to various claims, legal actions and regulatory proceedings arising in the ordinary course of business.


20

37


REGULATIONS



This section sets forth a summary of the significant regulations or requirements that affect our business activities in Mainland China and Hong Kong.



DirectorsPRC Law

Overview

Extensive regulatory schemes governing the operation of business with respect to telecommunications and OfficersInternet information services were published by the Chinese government. Besides the Ministry of Industry and Information Technology and State Administration of Radio, Film and Television, which regulates radio and television stations in China (“SARFT”), the various services of the PRC Internet industry are also regulated by various other governmental authorities, such as the State Council Information Office (“SCIO”), the General Administration for Press and Publication (“GAPP”), and the Ministry of Public Security.


Among all the regulations, the Telecommunications Regulations of the People’s Republic of China, promulgated on September 25, 2000, is the primary governing law. The Telecom Regulations set out the general framework under which domestic Chinese companies such as the Company’s subsidiaries and VIEs may engage in various types of telecommunications services in the PRC. They reiterate the long-standing principle that telecommunications service providers need to obtain operating licenses as a mandatory precondition to begin operation.

The Chinese government restricts foreign investment in Internet-related businesses. Accordingly, we operate our Internet-related businesses in China through Moyi, our VIE operating in Shenzhen, China.

Internet Information Services

The governing law for Internet information service is the Measures for the Administration of Internet Information Services, or the Internet Content Provider (“ICP”) Measures, which went into effect on September 25, 2000. Under the ICP Measures, any entity that provides information to online Internet users must obtain an operating license from Ministry of Industry and Information Technology (“MIIT”) or its local branch at the provincial level in accordance with the Telecom Regulations described above. The ICP Measures further stipulate that entities providing online information services in areas of news, publishing, education, medicine, health, pharmaceuticals and medical equipment must obtain permission from responsible national authorities prior to applying for an operating license from MIIT or its local branch at the provincial or municipal level. Moreover, ICPs must display their operating license numbers in a conspicuous location on their websites. ICPs must police their websites to remove categories of harmful content that are broadly defined.

Currently, Moyi holds an ICP license which was issued on January 22, 2014.

Online Privacy

Chinese law does not prohibit internet service providers from collecting and analyzing personal information from their users if the users agree to do so. The PRC government, however, has the power and authority to order internet service providers to submit personal information of an internet user if such user posts any prohibited content or engages in illegal activities on the internet.

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Under the Several Provisions on Regulating the Market Order of Internet Information Services (“Order”) promulgated by the MIIT which became effective on March 15, 2012, internet service providers may not, without a user’s consent, collect the user’ personal information that can be used, alone or in combination with other information, to identify the user, and may not provide any user’s personal information to third parties without the prior consent of the user. Internet service providers may only collect users’ personal information necessary to provide their services and must expressly inform the users of the method, scope and purpose of the collection and processing of such information. They are also required to ensure the proper security of users’ personal information, and take immediate remedial measures if such information is suspected to have been inappropriately disclosed. When a User registers to our application, we require our users to accept a user agreement whereby they agree to provide certain personal information to us. We will take other measures as necessary to comply with these provisions.

ICPs are also required to establish and publish their rules relating to personal information collection or use, keep any collected information strictly confidential, and take technological and other measures to maintain the security of such information. ICP operators are required to cease any collection or use of the user personal information, and de-register the relevant user account, when a given user stops using the relevant Internet service. ICP operators are further prohibited from divulging, distorting or destroying any such personal information, or selling or providing such information unlawfully to other parties. In addition, if an ICP operator appoints an agent to undertake any marketing and technical services that involve the collection or use of personal information, the ICP operator is still required to supervise and manage the protection of the information. As to penalties, in very broad terms, the Order states that violators may face warnings, fines, and disclosure to the public and, in most severe cases, criminal liability.

Currently, the collection of the information from the Users is agreed to by the Users when they sign up. In addition, any data mining or analyzing of the user data is for internal use only. We also take steps to ensure that the data collected is stored securely.

Internet Publishing

On June 27, 2002, SPPA and MIIT jointly released the Provisional Rules for the Administration of Internet Publishing, or the Internet Publishing Rules, which define “Internet publications” as works that are either selected or edited to be published on the Internet or transmitted to end-users through the Internet for the purposes of browsing, reading, using or downloading by the general public. Such works mainly include content or articles formally published by press media such as: (i) books, newspapers, periodicals, audio-visual products and electronic publications; and (ii) literature, art and articles on natural science, social science, engineering and other topics that have been edited.

According to the Internet Publishing Rules, web portals like Moxian are required to apply to and register with GAPP before distributing Internet publications. Therefore, the Company will apply for a license by December 31, 2015 to comply with the Internet Publishing Rules.

Moxian will be applying this license by the end of 2016.

Online Games

On May 10, 2003, the Provisional Regulations for the Administration of Online Culture were issued by the Ministry of Culture (“MCPRC”) and went into effect on July 1, 2003 (these regulations were revised by MCPRC on July 1, 2004). According to these regulations, commercial entities are required to apply to the relevant local branch of MCPRC for an Online Culture Operating Permit to engage in online games services.

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On July 27, 2004, GAPP and the State Copyright Bureau jointly promulgated the Notice on Carrying out the Decision from the State Council Regarding the Approval of Electronic and Online Games Publications, or the Games Notice. According to the Games Notice, the Internet Publications Distribution License is required for publishing online games.

Currently, Moxian holds the appropriate license which was issued by the Administration of Online Culture on November 25, 2015.

Encryption Software

On October 7, 1999, the State Encryption Administration Commission published the Regulations for the Administration of Commercial Encryption, followed by the first Notice of the General Office of the State Encryption Administration Commission on November 8, 1999. Both of these regulations address the use of software in China with encryption functions. According to these regulations, purchase of encryption products must be reported. Violation of the encryption regulations may result in a warning, penalty, confiscation of the encryption product, or criminal liabilities.

On March 18, 2000, the Office of the State Commission for the Administration of Cryptography issued a public announcement regarding the implementation of those regulations. The announcement clarifies the encryption regulations as below:

Only specialized hardware and software, the core functions of which are encryption and decoding, fall within the administrative scope of the regulations as “encryption products and equipment containing encryption technology.” Other products such as wireless telephones, Windows software and browsers do not fall within the scope of this regulation.
The PRC government has already begun to study the laws in question in accordance with WTO rules and China’s external commitments, and will make revisions wherever necessary. The Administrative Regulations on Commercial Encryption will also be subject to such scrutiny and revision.

In late 2005, the Administration Bureau of Cryptography further issued a series of regulations to regulate the development, production and sales of commercial encryption products, which all came into effect on January 1, 2006.

We believe that the Company is in proper compliance with these requirements.

Foreign Exchange

Foreign exchange regulation in China is primarily governed by the following regulations:

Foreign Exchange Administration Rules, or the Exchange Rules of the PRC, promulgated by the State Council on January 29, 1996, which was amended on January 14, 1997 and on August 5, 2008 respectively; and
Administration Rules of the Settlement, Sale and Payment of Foreign Exchange, or the Administration Rules promulgated by China People’s Bank on June 20, 1996.

Under the Exchange Rules of the PRC, Renminbi is convertible for current account items, including the distribution of dividends, interest payments, trade and service-related foreign exchange transactions. As for capital account items, such as direct investments, loans, security investments and the repatriation of investment returns, however, the reservation or conversion of foreign currency incomes is still subject to the approval of SAFE or its competent local branches; while for the foreign currency payments for capital account items, the SAFE approval is not necessary for the conversion of Renminbi except as otherwise explicitly provided by laws and regulations.

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Under the Administration Rules, enterprises may only buy, sell or remit foreign currencies at banks that are authorized to conduct foreign exchange business after the enterprise provides valid commercial documents and relevant supporting documents and, in the case of certain capital account transactions, after obtaining approval from SAFE or its competent local branches. Capital investments by enterprises outside of China are also subject to limitations, which include approvals by the SAFE and the National Development and Reform Commission, or their respective competent local branches.

On October 21, 2005, SAFE issued the Circular on Several Issues concerning Foreign Exchange Administration for Domestic Residents to Engage in Financing and in Return Investments via Overseas Special Purpose Companies, or Circular No. 75, which went into effect on November 1, 2005. Circular No. 75 provides that if PRC residents use assets or equity interests in their PRC entities to establish offshore companies or inject assets or equity interests of their PRC entities into offshore companies for the purpose of overseas capital financing, they must register with local SAFE branches with respect to their investments in offshore companies. Circular No. 75 also requires PRC residents to file changes to their registration if their special purpose companies undergo material events such as capital increase or decrease, share transfer or exchange, merger or division, long-term equity or debt investments, provision of guaranty to a foreign party, etc. SAFE further promulgated the Implementing Rules for Circular No. 75, or Circular No. 106, clarifying and supplementing the concrete operating rules that shall be followed during the implementation and application of Circular No. 75.

On August 29, 2008, the Notice of the General Affairs Department of the State Administration of Foreign Exchange on the Relevant Operating Issues concerning the Improvement of the Administration of Payment and Settlement of Foreign Currency Capital of Foreign-funded Enterprises, or the Improvement Notice, was promulgated by SAFE. Pursuant to the Improvement Notice, the foreign currency capital of Foreign Investment Entities, after being converted to Renminbi, can only be used for doing business within the business scope approved by relevant governmental authorities, and shall not be used for domestic equity investment except as otherwise explicitly provided by laws and regulations.

On July 14, 2014, SAFE issued a new Circular on Several Issues concerning Foreign Exchange Administration for Domestic Residents to Engage in Investing and Financing and in Return Investments via Overseas Special Purpose Companies, or Circular No. 37, which enlarges the definition of SPV comparing to the Circular No. 75, which can invest in China under Circular No. 37. The method of investment include forming a new entity in China and through merging or acquiring a domestic company in China.

Hong Kong Law

Our website is maintained through a server in Hong Kong. Therefore, our data usage policy and regular terms of service for both our users and merchants must to comply with the applicable rules and regulations in Hong Kong SAR. As information from our Merchant Clients and Users are preserved in Hong Kong, with the law applicable to the Company is the Hong Kong Personal Data (Privacy) Ordinance (Cap 486). Non-compliance of such rules in Hong Kong may result in a fines of up to HKD $500,000. Directors of Moxian Hong Kong may also be personally liable for the Company’s violation of Hong Kong Personal Data (Privacy) Ordinance. We believe we are in compliance with the laws in Hong Kong.

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DIRECTORS AND EXECUTIVE OFFICERS

The following table sets forth certain information about our executive officers and directors as of the date of this prospectus.

NameAgePosition
James Mengdong Tan55President, Chief Executive Officer, Chief Financial Officer  and Director
Hao Qing Hu55Director
Clarence Luo Xiao Yun42Vice President of Products
Yang Nan (1)(2)(3)38Independent Director
Liew Kwong Yeow(1)(2)(3)58Independent Director
Ajay Rajpal(1)(2)(3)42Independent Director

(1)Member of the Audit Committee.
(2)Member of the Compensation Committee.
(3)Member of the Nominating and Corporate Governance Committee.

Mr. James Mengdong Tanhas served as our President and Chief Financial Officer since February 2015. Mr. Tan also served as our interim Chief Executive Officer from February 2015 until June 2015 when he was appointed as the Chief Executive Officer and a director of the Company. Mr. Tanhas more than 20 years’ experience in managing private and public companies based in Asia and in the USA. Mr. Tan is currently the Director and CEO of 8iCapital. From 2003 until 2006, he was the Chairman and CEO of Vashion Group, a company listed on the Singapore Stock Exchange. From 2006 until 2009, he was the Executive Director and CEO of Vantage Corporation Limited, a company listed on the Singapore Stock Exchange. From 2006 to 2009, he served as a director on the Board of Pacific Internet Ltd, a company listed on NASDAQ, until its sale to Connect Holdings, a group comprised of Ashmore Investment Management Limited, Spinnaker Capital Limited and Clearwater Capital Partners. Mr. Tan graduated from the National University of Singapore (NUS) with a Bachelor of Arts in 1985. The Board of Directors reached a conclusion that Mr. Tan should serve as a Director of the Company hold officebased on his extensive experience in managing publicly traded companies.

Mr. Hao Qing Huhas served as a director of the Company since January 1, 2016. Mr. Hao has more than 20 years of experience in managing business operations and business strategy. Since Sept, 2015 he has been the General Manager of Moxian Technologies (Beijing) Co., Ltd – a subsidiary of Moxian, Inc., in charge of the company’s overall operations. From June 2014 until Sept 2015, Mr. Hao was a Deputy General Manager of Xinhua Huamei Investment Management Co., Ltd. From 2005 until May 2014, Mr. Hao was a General Manager of Shandong Debang Construction Science and Technology Co., Ltd, where he was responsible for annual termsday to day operations and will remainbusiness development. Mr. Hao Qinghu was a board appointee of Xinhua Huifeng Equity Centre (Limited Partnership). The Board of Directors reached a conclusion that Mr. Hao should serve as a Director of the Company based on his extensive experience in their positions until successors have been electedPRC Company management.

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Ms. Yang Nan, has served as a director of the Company since January 1, 2016. Ms. Yang has over 15 years’ working experience in international accounting firms, experienced in accounting, auditing, financial management, internal control and qualified.risk management. From 2000 to 2014, She was with KPMG Huazhen (Beijing) as a Senior Manager of audit department, where she accumulated experience auditing US listed companies. Ms. Yang received her MBA degree from Guanghua School of Management, Peking University in 2014, the Bachelor of Economics from Renmin University of China in 2000. She is also a Certified Public Accountant (“CPA”) in both China and United States of America. The officers are appointed by the boardBoard of directorsDirectors reached a conclusion that Ms. Yang should serve as an Independent Director of the Company and hold office until their death, resignation or removal from office. The ages, positions held, and duration of termsthe Chairman of the directorsAudit Committee based on her extensive experience in audit and executive officers areaccounting matters.

Mr. Liew Kwong Yeowhas served as follows:


Name

Age

Position

Brandi L. DeFoor

40

Director, President and Chief Executive Officer


Brandi L. DeFoor, Director,a director of the Company since June 30, 2015. Mr. Yeow has more than 25 years of experience in several multi-national organizations, such as Matsushita Denki, General Motors, Intel as well as Urmet Telecoms Italy. He served as the President, Chief Executive Officer:


Brandi L. DeFoorOfficer and director of Rebel Group, Inc. from February 27, 2013 to January 30, 2015. He also held senior positions and mainly responsible for quality, engineering and procurement of related products and services. In 2006, Mr. Liew was instrumental in setting up the first manufacturing plant of Urmet telecommunications Torino Italy in China and fine-tuning its supply chains, and with Mr. Liew’s assistance, the entire operations of Urmet became significantly competitive in the China markets. Prior to that, Mr. Liew was the General Manager of Aztech Singapore’s plant in China from 2001 through 2005. During 1992 through 2001, he served as the head of QA Operations of the manufacturing facilities of Phoenix Mecano Switzerland in Singapore. Mr. Liew received his diploma in Electrical Engineering from Singapore Polytechnics University in 1974. He also completed the management study programs in: City and Guilds regarding Electrical and Electronics in 1974, Industrial Training Board at MOE Singapore in 1976, Matsushita DENKI Management Development Program in 1978, General Motors Institute in 1983 and Intel University in 1987. Mr. Liew is fluent in English and Chinese. The Board of Directors reached a conclusion that Mr. Liew should serve as an Independent Director President and Chief Executive Officer of SECURE NetCheckIn Inc. Ms. DeFoor has been the Company based on his extensive experience.

Mr Ajay Rajpals sole shareholder, officer and director since the Company inception. Ms. DeFoor earned a Bachelors of Business Administration (1993) from the University of Missouri at Kansas City.  Ms. DeFoor was a technical recruiter at DCI from 1994 to 2001.  From 2001 to 2008, Ms. DeFoorhas served as a consultantdirector of the Company since June 16, 2016. is a Chartered Accountant, with a broad-ranging commercial experience developed through an international career with blue chip companies, having had extensive experience in the design, development,US, Europe, Middle East and implementation of primebyte.com, an online human resources toolFar East, with a particular expertise in M&A, financial management and insolvency/restructuring. Recent work experience has focused on providing Board representation and finance director services for companies quoted on AIM and private companies based in the complex reporting requirementsFar East. Mr. Rajpal is a non-executive director of HIPAANew Trend Lifestyle Group Plc and Sarbanes-Oxley.  Ms. DeFoor currently operatesZibao Metal Recycling Holdings Plc, and non-executive chairman of MNC Strategic Investments Plc. The Board of Directors reached a conclusion that Mr. Rajpal should serve as an independent consultant assisting companiesIndependent Director of the Company based on his extensive experience in dealing with technologylisted companies.

Mr. Clarence Luo Xiao Yun, a China-born Singapore citizen, has served as our Vice President of Product since January 1, 2014. Mr. Luo has 22 years of working experience in both China and operations issues on an ad hoc basis.Singapore. He received academic training in Information Systems, started his career as a CAD (Computer Aided Architecture Design) software developer, and graduated into various management roles, including Project Management, Product Manager, and Consulting and System Integration. Since 2011, Luo is the Managing Director for Earnest Partners PTE LTD, a training and consulting firm. He was the Senior Product Manager, Global Services, Nokia Siemens Networks in 2011-12, Senior Product Manager, reporting to the Director of Professional Services at Motorola Global Services in 2008-11. Luo received his Bachelor degree in Science in Information Systems from the Sun Yat Sen University in 1996, Masters degree in Engineering in Wireless Communications from NUS in 1999 and MBA from Manchester University in 2011.


TermNone of Officethe events listed in Item 401(f) of Regulation S-K has occurred during the past ten years that is material to the evaluation of the ability or integrity of any of our directors, director nominees or executive officers.


OurBoard of Directors

All directors are appointed for one-year terms to hold office until the next annual meeting of our shareholders orand until removed from office in accordance with our Bylaws.their successors have been duly elected and qualified. Directors are elected at the annual meetings to serve for one-year terms. Officers are elected by, and serve at the discretion of, the board of directors. Our officers are appointed by our board of directors shall hold meetings on at least a quarterly basis.

As a smaller reporting company under the NASDAQ rules we are only required to maintain a board of directors comprised of at least 50% independent directors, and an audit committee of at least two members, comprised solely of independent directors who also meet the requirements of Rule 10A-3 under the Securities Exchange Act of 1934.

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Pursuant to the terms of the Subscription Agreement with Xinhua Huifeng Investment Center Co., Ltd. (Beijing), or Xinhua, upon the completion of the subscription, Xinhua had the right to nominate one member to the Board of Directors. On January 1, 2015, Xinhua appointed Mr. Hao Qing Hu to the Board and like other directors, shall hold office until removed by the board.next annual meeting of shareholders and until their successors have been duly elected and qualified.


Director Independence


The Board of Directors has reviewed the independence of our directors, applying the NASDAQ independence standards. Based on this review, the Board of Directors determined that each of Yang Nan, Liew Kwong Yeow and Ajay Rajpal are independent within the meaning of the NASDAQ rules. In making this determination, our Board of Directors considered the relationships that each of these non-employee directors has with us and all other facts and circumstances our Board of Directors deemed relevant in determining their independence. As required under applicable NASDAQ rules, we anticipate that our independent directors will meet on a regular basis as often as necessary to fulfill their responsibilities, including at least annually in executive session without the presence of non-independent directors and management. 

Board Committees

Our determinationBoard of independenceDirectors has established standing committees in connection with the discharge of directors is made usingits responsibilities. These committees include an Audit Committee, a Compensation Committee and a Nominating and Corporate Governance Committee. Our Board of Directors has adopted written charters for each of these committees. Upon completion of this offering, copies of the charters will be available on our website. Our Board of Directors may establish other committees as it deems necessary or appropriate from time to time.

Audit Committee

The Audit Committee will be responsible for, among other matters:

appointing, compensating, retaining, evaluating, terminating, and overseeing our independent registered public accounting firm;
discussing with our independent registered public accounting firm the independence of its members from its management;
reviewing with our independent registered public accounting firm the scope and results of their audit;
approving all audit and permissible non-audit services to be performed by our independent registered public accounting firm;
overseeing the financial reporting process and discussing with management and our independent registered public accounting firm the interim and annual financial statements that we file with the SEC;
reviewing and monitoring our accounting principles, accounting policies, financial and accounting controls, and compliance with legal and regulatory requirements;
coordinating the oversight by our board of directors of our code of business conduct and our disclosure controls and procedures

establishing procedures for the confidential and/or anonymous submission of concerns regarding accounting, internal controls or auditing matters; and
reviewing and approving related-party transactions.

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Our audit committee consists of Yang Nan, Liew Kwong Yeow and Ajay Rajpal. Yang Nan serves as chair of the Audit Committee. Our Board of Directors has affirmatively determined that each of the members of the Audit Committee meets the definition of ‘‘independent director’’ contained“independent director” for purposes of serving on an Audit Committee under Rule 4200(a)(15)10A-3 of the RulesExchange Act and NASDAQ rules. In addition, our Board of Directors has determined that Yang Nan qualifies as an “audit committee financial expert” as such term is currently defined in Item 407(d)(5) of Regulation S-K and meets the financial sophistication requirements of the Financial Industry Regulatory Authority (NASDAQ rules. 

Compensation CommitteeFINRA

The Compensation Committee will be responsible for, among other matters:

reviewing and approving, or recommending to the board of directors to approve the compensation of our CEO and other executive officers and directors;
reviewing key employee compensation goals, policies, plans and programs;
administering incentive and equity-based compensation;
reviewing and approving employment agreements and other similar arrangements between us and our executive officers; and
appointing and overseeing any compensation consultants or advisors.

Our Compensation Committee currently consists of Yang Nan, Liew Kwong Yeow and Ajay Rajpal. ______ serves as chair of the Compensation Committee. Our Board of Directors has affirmatively determined that each of the members of the Compensation Committee meets the definition of “independent director” for purposes of serving on an Compensation Committee under NASDAQ rules. 

Corporate Governance and Nominating Committee). However, we are not at

The Corporate Governance and Nominating Committee will be responsible for, among other matters:

selecting or recommending for selection candidates for directorships;
evaluating the independence of directors and director nominees;
reviewing and making recommendations regarding the structure and composition of our board and the board committees;
developing and recommending to the board corporate governance principles and practices;
reviewing and monitoring the Company’s Code of Business Conduct and Ethics; and
overseeing the evaluation of the Company’s management

Our Corporate Governance and Nominating Committee consists of Yang Nan, Liew Kwong Yeow and Ajay Rajpal. Liew Kwong Yeow serves as chair of the Corporate Governance and Nominating Committee. Our Board of Directors has affirmatively determined that each of the members of the Corporate Governance and Nominating Committee meet the definition of “independent director” for purposes of serving on a Nominating Committee under NASDAQ rules. 

Risk Oversight

Our Board of Directors will oversee a company-wide approach to risk management. Our Board of Directors will determine the appropriate risk level for us generally, assess the specific risks faced by us and review the steps taken by management to manage those risks. While our Board of Directors will have ultimate oversight responsibility for the risk management process, its committees will oversee risk in certain specified areas.

Specifically, our Compensation Committee will be responsible for overseeing the management of risks relating to our executive compensation plans and arrangements, and the incentives created by the compensation awards it administers. Our Audit Committee will oversee management of enterprise risks and financial risks, as well as potential conflicts of interests. Our Board of Directors will be responsible for overseeing the management of risks associated with the independence of our Board of Directors.

Code of Business Conduct and Ethics

Upon or prior to completion of this time requiredoffering, our Board of Directors will adopt a code of business conduct and ethics that applies to have our board compriseddirectors, officers and employees. Upon completion of this offering, a majoritycopy of independent directors because we are not subjectthis code will be available on our website. We intend to disclose on our website any amendments to the listing requirementsCode of Business Conduct and Ethics and any national securities exchangewaivers of the Code of Business Conduct and Ethics that apply to our principal executive officer, principal financial officer, principal accounting officer, controller, or national securities association.persons performing similar functions.


Employees

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EXECUTIVE COMPENSATION

At

Set forth below is information regarding the present time, we have nocompensation paid employees. Brandi L. DeFoor,during the year ended September 30, 2015 and 2014 to our principal executive officer, principal financial officer and certain of our other executive officers, who are collectively referred to as “named executive officers” elsewhere in this prospectus.

Mr. James Mengdong Tan, who has become our President, and Chief Executive Officer is currently managing the start-up operationsand a director of the Company since February 13, 2015, has not received any compensation prior to this offering and no arrangements have been entered into in relating to compensation after this offering. 

Name and Principal Position Year  

Salary

($)

 Total
($)
Clarence Luo Xiaoyun,  2015    195,997 195,997
Vice President of Products  2014    48,999 48,999

Employment Agreement with Mr. Luo

On October 1, 2014, Moxian HK entered into an agreement with Mr. Luo Xiaoyuan to serve in the role of Vice President of Product. Pursuant to the terms of the original agreement, Mr. Luo’s monthly base salary was CNY 100,000(USD 15,390). Mr. Luo was entitled to receive a non-qualified stock option to purchase up to 1,500,000 shares of the Company on the earlier of the third anniversary of the date of the agreement, and the listing of the Company on a national securities exchange. The Company shall reimburse Mr. Luo for all reasonable out of pocket expenses in connection with travel, entertainment and other expenses incurred in the performance of his duties. 

On March 1, 2016, the compensation terms were amended to provide that Mr. Luo’s monthly base salary would be reduced to CNY 50,000 (USD 7,695) and he would be entitled to receive a non-statutory stock option to purchase up to 750,000 shares of the Company on the earlier of the third anniversary of the date of the agreement, and the listing of the Company on a national securities exchange. 

The employment agreement may be terminated by either party by giving one month’s prior written notice, or payment in lieu of appropriate notice. Mr. Luo’s employment may be terminated immediately without compensation.  Brandi L. DeFoor has no experience managingnotice or payment in lieu, if among other things, Mr. Luo conducts himself in a public company.way that is inconsistent with the due and faithful discharge of his duties. The payment in lieu of notice of termination is calculated as one month’s salary equal to CNY 50,000 (USD 7,695).


Outstanding Equity Incentive Awards At Fiscal Year-End

21None. 


Director Compensation


Ms. Yang Nan, one of our independent directors, entered into an agreement on January 1, 2016, which provides for compensation equal to $5,000 per month.


Mr. Liew Kwong Yeow, one of our independent directors, entered into an agreement on January 1, 2016 which provides for compensation equal to $3,000 per month. Mr. Yeow did not receive any compensation prior to January 1, 2016.  




Beneficial Ownership


Mr. Hao Qing Hu, our non-executive director, entered into an agreement on January 1, 2016, which provides for compensation equal to $5,000 per month. 

The following table sets forth certain informationthe compensation paid to our directors during the years ended September 30, 2015 and 2014. 

DIRECTOR COMPENSATION

Name and Position Year  Fees Earned
or Paid
in Cash
($)
  

Option

Awards

($)

  

All Other
Compensation

($)

  

Total

($)

 
Ng Kian Yong(1)  2015   0   0   0   0 
   2014   0   0   0   0 
                     
Qin Chang Jian(2)  2015   0   0   0   0 
   2014   0   0   0   0 
                     
James Mengdong Tan(3)  2015   0   0   0   0 
   2014   0   0   0   0 
                     
Liew Kwong Yeow(4)  2015   0   0   0   0 
   2014   0   0   0   0 

(1)Mr. Ng served as the Company’s director from November 14, 2013 to February 13, 2015.
(2)Mr. Qin served as the Company’s director from November 14, 2013 to June 30, 2015.
(3)Mr. Tan has served as the Company’s director since February 13, 2015.
(4)Mr. Yeow has served as the Company’s director since June 30, 2015.

Compensation Committee Interlocks and Insider Participation

None of our officers currently serves, or has served during the last completed fiscal year, on the compensation committee or board of directors of any other entity that has one or more officers serving as a member of our board of directors.

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CERTAIN RELATIONSHIPS AND RELATED-PARTY TRANSACTIONS

The following is a description of transactions since October 1, 2013, in which the amount involved in the transaction exceeded or will exceed the lesser of $120,000 or one percent of the average of our total assets as at the year-end for the last two completed fiscal years, and to which any of our directors, executive officers or beneficial holders of more than 5% of our capital stock, or any immediate family member of, or person sharing the household with, any of these individuals, had or will have a direct or indirect material interest.

Service and Consultancy Agreement with REBL

On March 1, 2014, 8i Capital Limited (“8i Capital”), a company incorporated under the laws of the British Virgin Islands, of which our CEO, James Mengdong Tan is a sole member and director, entered into a service and consultancy agreement (the “Consultancy Agreement”) with SCA Capital Limited, a subsidiary of Rebel Group, Inc. (REBL). Under the Consultancy Agreement, 8i Capital agreed to provide corporate service to SCA Capital to assist it with the reverse merger acquisition of a company listed on the OTCQB (“Listco”) and general business advisory service. In consideration, SCA Capital agreed to (i) pay $500,000 in total to 8i Capital, (ii) issue 5% of total shares of the Listco on a fully-diluted basis after the reverse acquisitionand (iii) pay a retainer fee of $240,000 to 8i Capital per year. Mr. Tan is deemed as a promoter as defined under Rule 405 of Regulation C promulgated under the Securities Act.

In February 2013, Mr. Tan assisted in the negotiation of the acquisition of approximately 77.26% of the then outstanding shares of REBL by three purchasers from the former shareholder of REBL. Mr. Tan also later offered consulting and business advisory services to REBL in connection with REBL’s reverse acquisition of Moxian BVI and its operating business in April 2013. In February 2014, Mr. Tan assisted in structuring the sale of all of the equity interests of Moxian BVI, a former direct subsidiary of REBL, and the license of the intellectual property rights of REBL to the Company pursuant to a License and Acquisition Agreement.

On February 21, 2014, we acquired Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and Moxian Malaysia through our wholly-owned subsidiary, Moxian CN Samoa from REBL, by entering into a License and Acquisition Agreement (the “License and Acquisition Agreement”) in consideration of $1,000,000 (“Moxian BVI Purchase Price”). As a result, Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and Moxian Malaysia, became our subsidiaries. Under the License and Acquisition Agreement, REBL also agreed to grant us the exclusive right to use REBL’s intellectual property rights (collectively, the “IP Rights”) in Mainland China, Malaysia, and other countries and regions where REBL conducts its business (the “Licensed Territory”), and the exclusive right to solicit, promote, distribute and sell REBL products and services in the Licensed Territory for five years (the “License,”) and in consideration of such License, the Company agreed to pay to REBL (i) $1,000,000 as license maintenance royalty each year commencing on the first anniversary of the date of the License Agreement; and (ii) 3% of the gross profits resulting from the distribution and sale of the products and services on behalf of the Company as an earned royalty.

47

In January 2015, Mr. Tan, through 8i Capital, assisted with the share exchange transaction among REBL, Rebel Holdings Limited, a company incorporated under the laws of the British Virgin Islands and a wholly-owned subsidiary of REBL (“Rebel FC”) and the Rebel FC Stockholder.

On January 30, 2015, the Company entered into an Equity Transfer Agreement (the “Equity Transfer Agreement,” such transaction, the “Equity Transfer Transaction”) with REBL, to acquire from REBL 100% of the equity interests of Moxian IP Samoa for $6,782,000 (the “Moxian IP Samoa Purchase Price”). Moxian IP Samoa owns all the intellectual property rights relating to the operation, use and marketing of the Moxian Platform, including all of the trademarks, patents and copyrights that are used in the Company’s business. As a result of the Equity Transfer Transaction, Moxian IP Samoa became a wholly-owned subsidiary of the Company. In addition, under the Equity Transfer Agreement, the Company and REBL agreed to terminate the License and Acquisition Agreement. Immediately prior to the execution of the Equity Transfer Agreement, the Moxian BVI Purchase Price was not yet paid and no license maintenance royalty or earned royalty under the License and Acquisition Agreement had accrued. 8i Capital also provided business advisory service to REBL regarding the Equity Transfer Transaction.

The Company agreed to issue to REBL a convertible promissory note for $7,782,000 (the “Rebel Note”), representing the sum of the Moxian IP Samoa Purchase Price and the Moxian BVI Purchase Price. The Rebel Note was due and payable on October 30, 2015 without any interest. The Company had the option to cause REBL to convert any and all amounts due under the Rebel Note into shares of the Company’s Common Stock at the conversion price of $1.00 per share (the “Conversion Price”), if the volume weighted average price (the “VWAP”) of the Company’s Common Stock for a period of 30 trading days immediately prior to the date of conversion was higher than the Conversion Price. The Company also had a right of first refusal to purchase the shares issuable upon conversion of the Rebel Note at the price of 80% of the VWAP for 30 trading days immediately prior to the date of the proposed repurchase by the Company, or at the price of $1.00 per share if such purchase is lower than $1.00.

On August 14, 2015, the VWAP of the Company’s Common Stock for 30 trading days prior to August 14, 2015 was higher than $1.00, which triggered the conversion of the Rebel Note. The Company notified REBL that it elected to cause it to convert $3,891,000 of the Rebel Note into 3,891,000 shares of its Common Stock (the “August Conversion”). As a result of the August Conversion, the remaining amount of the Rebel Note was $3,891,000.

On September 30, 2015, the Company notified REBL that it elected to cause it to convert the remainder of the Rebel Note into 3,891,000 shares of the Company’s Common Stock (the “September Conversion”). After the August Conversion and September Conversion, the entire balance of the Rebel Note was converted into total of 7,782,000 shares of the Company’s Common Stock.

48

Related Party Transaction with Shareholders

On June 30, 2015, Moxian Shenzhen and Bayi entered into a loan agreement whereby Bayi agreed to provide a loan to Moxian Shenzhen in the amount of $998,559.46 without any interest and with a 12 month term. We plan to seek a six-month extension of the term of this Prospectusloan from Bayi.

On November 9, 2015, Moxian HK and Zhang Xin entered into a loan agreement whereby Zhang Xin agreed to provide a loan to Moxian HK in the aggregate amount of HKD767,500 (approximately $99,025) without any interest and with a term of repayment of 12 months.

On November 12, 2015, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in the aggregate amount of HKD348,000 (approximately $44,900) without any interest and with a term of repayment of 12 months.

On November 20, 2015, Moxian HK and Ace Keen entered into a loan agreement whereby Ace Keen agreed to provide a loan to Moxian HK in the aggregate amount of HKD589,258.80 (approximately $76,028) without any interest and with a term of repayment of 12 months.

On December 25, 2015, Moxian Shenzhen and Bayi entered into a loan agreement whereby Bayi agreed to provide a loan to Moxian Shenzhen in the aggregate amount of RMB4,560,883.40 (approximately $713,675) without any interest and with a 12 month term.

On June 30, 2015, the Company, Moxian Shenzhen, and Shenzhen Bayi Consulting Co., Ltd (“Bayi”) entered into an Amended and Restated Loan Agreement to document the loan of $3,215,282 that Bayi had advanced to Moxian Shenzhen by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note in the amount of $3,215,282 (“Moxian Shenzhen-Bayi Note”). This loan has been converted into 3,215,282 shares of common stock.

On May 30, 2015, the Company, Moxian HK, and Jet Key entered into an Amended and Restated Loan Agreement (“Moxian HK- Jet Key Loan Agreement”) to document the total loan of $223,416 that Jet Key has advanced to Moxian HK in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $223,416 (“Moxian HK-Jet Key Note”) to Jet Key. This loan has been converted into 223,416 shares of common stock.

On May 30, 2015, the Company, Moxian HK, and Ace Keen entered into an Amended and Restated Loan Agreement (“Moxian HK-Ace Keen Loan Agreement”) to document the total loan of $761,379 that Ace Keen had advanced to Moxian HK in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $761,379 (“Moxian HK-Ace Keen Note”) to Ace Keen. This loan has been converted into 761,379 shares of common stock.

On May 30, 2015, the Company, Moxian HK, and Moxian China Limited entered into an Amended and Restated Loan Agreement (“Moxian HK-MCL Loan Agreement”) to document the total loan of $709,941 that MCL has advanced to Moxian HK in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $709,941 (“Moxian HK-MCL Note”) to MCL. This loan has been converted into 709,941 shares of common stock.

On May 30, 2015, the Company, Moxian Malaysia, and Ace Keen entered into an Amended and Restated Loan Agreement (“Moxian Malaysia-Ace Keen Loan Agreement”) to document the total loan of $228,937 that Ace Keen advanced to Moxian Malaysia in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $228,937 (“Moxian Malaysia-Ace Keen Note”) to Ace Keen. This loan has been converted into 228,937 shares of common stock.

49

On May 30, 2015, the Company, Moxian Malaysia, and Morolling entered into an Amended and Restated Loan Agreement (“Moxian Malaysia-Morolling Loan Agreement”) to document the total loan of $765,768 that Morolling has advanced to Moxian Malaysia in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $765,768 (“Moxian Malaysia-Morolling Note”) to Morolling with no interest and a 12 month term. This loan has been converted into 765,768 shares of common stock. 

On May 30, 2015, the Company, Moxian Malaysia, and Moxian China Limited entered into an Amended and Restated Loan Agreement (“Moxian Malaysia-MCL Loan Agreement”) to document the total loan of $2,680,221 that Moxian China Limited has advanced to Moxian Malaysia in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $2,680,221 (“Moxian Malaysia-MCL Note”). This loan has been converted into 2,680,221 shares of common stock.

On August 14, 2015, the Company issued 8,584,944 shares of Common Stock to Moxian China Limited, Jet Key Limited, Ace Keen Limited, Morolling International HK Limited and Shenzhen Bayi Consulting Co Ltd as a result of the conversion of $8,584,944 of convertible promissory notes, as described above, held by Moxian China Limited, Jet Key Limited, Ace Keen Limited, Morolling International HK Limited and Shenzhen Bayi Consulting Co Ltd at $1.00 per share.

On October 31, 2014 and November 30, 2014, Moxian Shenzhen received RMB 630,000 (approximately $102,942) and RMB 90,000 (approximately $14,486), respectively, as loans (the “MCL Shenzhen Loans”) from Moxian China Limited. The term of such loans is twelve months and they bear no interest. On December 31, 2014, the Company, Moxian China Limited and Moxian Shenzhen entered into a Loan Agreement, where the Company agreed to issue a convertible promissory note (the “Note”) to Moxian China Limited for the repayment of the MCL Shenzhen Loans.

On October 31, 2014 and November 30, 2014, Moxian Malaysia received a loan in the amount of MYR 118,800 (approximately $34,032) and MYR 23,100 (approximately $6,605), respectively, from Moxian China Limited (the “MCL Malaysia Loans”). The term of such loans is twelve months and they bear no interest. On December 31, 2014, the Company, Moxian China Limited and Moxian Malaysia entered into a Loan Agreement, where the Company agreed to issue a Note to Moxian China Limited for the repayment of the MCL Malaysia Loans.

On November 30, 2014, Moxian HK received HKD $500,000 (approximately $64,437) as a loan from Moxian China Limited (the “MCL HK Loan”). The term of such loan is twelve months and it bears no interest. On December 31, 2014, the Company, Moxian China Limited and Moxian HK entered into a Loan Agreement, where the Company agreed to issue a Note to Moxian China Limited for the repayment of the MCL HK Loan.

The Notes issued to Moxian China Limited by the Company in consideration of the MCL Shenzhen Loans, the MCL Malaysia Loans and the MCL HK Loan are on substantially similar terms. The Notes will be due and payable in one year and bear no interest. Upon consummation of a financing that generates at least $5,000,000 by the Company (“Qualified Financing”), the Notes shall automatically convert into shares of the Company’s Common Stock at a conversion price equal to the price of the Company’s securities sold in the Qualified Financing. If no Qualified Financing is consummated prior to the maturity date of Notes and as long as there remains any outstanding principal or interest of the Notes, holders of the Notes shall have the option to convert the Notes within 30 days after the maturity date at a conversion price that is equal to the volume weighted average price of Common Stock during a 20-day trading period prior to the conversion of the Notes.

50

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following the Offering with respect totable sets forth, as of June 3, 2016, certain information concerning the beneficial ownership of theour common stock by (i) each stockholder known by us to own beneficially five percent or more of our outstanding common stock of the Company by (i) any holder of more than five (5%) percent;or series a common stock; (ii) each director; (iii) each named executive officer; and (iv) all of the Companysour executive officers and directors; and (iii) the Companys directors and executive officers as a group. Unlessgroup, and their percentage ownership and voting power. The column entitled “Percentage of Shares Beneficially Owned—Before Offering” is based on a total of 128,011,883 shares of our common stock.

The information presented below regarding beneficial ownership of our voting securities has been presented in accordance with the rules of the Securities and Exchange Commission and is not necessarily indicative of ownership for any other purpose. Under these rules, a person is deemed to be a “beneficial owner” of a security if that person has or shares the power to vote or direct the voting of the security or the power to dispose or direct the disposition of the security. A person is deemed to own beneficially any security as to which such person has the right to acquire sole or shared voting or investment power within sixty (60) days through the conversion or exercise of any convertible security, warrant, option, or other right. More than one (1) person may be deemed to be a beneficial owner of the same securities. The percentage of beneficial ownership by any person as of a particular date is calculated by dividing the number of shares beneficially owned by such person, which includes the number of shares as to which such person has the right to acquire voting or investment power within sixty (60) days, by the sum of the number of shares outstanding as of such date. Consequently, the denominator used for calculating such percentage may be different for each beneficial owner. Except as otherwise indicated below and under applicable community property laws, we believe that the persons and entities named in the tablebeneficial owners of our common stock listed below have sole voting and sole investment power with respect to allthe shares beneficially owned. The percentageshown.

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     Percentage of Shares
Beneficially Owned
 
Name of  Beneficial Owner(1) Number of Shares Beneficially Owned  Before Offering  After
Offering
 
Officers and Directors         
          
James Mengdong Tan (2)
President, Chief Executive Officer and Director
  59,640,000   46.58%  %
             
Hao Qing Hu (3)
Director
  8,190,020   6.40%   %
             
Liew Kwong Yeow
Independent Director
  0   --%  --%
             
Yang Nan
Independent Director
  0   --%  --%
             
Ajay Rajpal
Independent Director
  0   --%  --%
             
All officers and directors as a group 
(5 persons named above)
  67,830,000   52.98%   %
             
5% Securities Holders            
             
Good Eastern Investment Holding Limited (4)
10 Anson Road #35-11 International PlazaSingapore 079903
  19,980,000   15.6%   %
             
Moxian China Limited (5)
Room 2807, 28/F., Paul Y. Centre, 51 Hung To Road, Kwun Tong, Kowloon, Hong Kong
  35,205,081   27.5%   %
             
Stellar Elite Limited (6)
Room 2807, 28/F., Paul Y. Centre, 51 Hung To Road, Kwun Tong, Kowloon, Hong Kong
  39,660,000   30.98%   %
             
Beijing Xinhua Huifeng Equity Investment Centre (Limited Partnership) (7)
Beijing City, Haiding District, Zhongguan Village, 66 North Road, Block 1, Level 2, Room 05-079
  8,190,020   6.40%   %
             
Rebel Group, Inc. (8)
7500A Beach Road, Unit 12-313, The Plaza, 199591
  7,782,000   6.07%   %

(1)Except as otherwise set forth below, the address of each beneficial owner is Room 2001, Building B, King Key 100, Hongbao Road, Luohu District, Shenzhen 518000, China
(2)Includes (i) 39,660,000 shares of Common Stock that Stellar Elite Limited owns and (ii) 19,980,000 shares of Common Stock that Good Eastern Investment Holding Limited owns. Mr. Tan, is the sole director and sole shareholder of Stellar Elite Limited, and is a member and director of Good Eastern Investment Holding Limited.
(3)

Includes 8,190,020 shares of Common Stock that Beijing Xinhua Huifeng Equity Investment Centre (Limited Partnership) (Beijing) owns. Mr. Hao is the Managing Principal of Beijing Xinhua Huifeng Equity Investment Centre (Limited Partnership).

(4)Mr. Tan, our Chief Executive Officer and President, is a sole member and director of Good Eastern Investment Holding Limited and is deemed to have sole voting and dispositive power over the shares.
(5)Mr. Ng Ka Lam, is the sole member and director of Moxian China Limited and is deemed to have sole voting and dispositive power over the shares.
(6)Mr. Tan, our Chief Executive Officer and President, is the Chief Executive Officer of Amazing Wave Limited, a Samoa company and the sole shareholder of Stellar Elite Limited and is deemed to have sole voting and dispositive power over the shares.
(7)Mr. Hao is the Managing Principal of Beijing Xinhua Huifeng Equity Investment Centre (Limited Partnership) and is deemed to have sole voting and dispositive power over the shares.

(8)Mr Leong Khien Kiee and Mr Leong Aan Yee, are the directors of Rebel Group, Inc. and are deemed to share voting and dispositive power over the shares.

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Following the Offering at the Level of Shares Sold


Prior to Offering

Minimum Offering

Mid-Offering

Maximum Offering


Amount of Beneficial Ownership

Percent of Class

Amount of Beneficial Ownership

Percent of Class

Amount of Beneficial Ownership

Percent of Class

Amount of Beneficial Ownership

Percent of Class

Brandi L. DeFoor

3,100,000

100%

3,100,000

93.9%

3,100,000

84.9%

3,100,000

77.5%










Directors And Executive Officers as a Group

(1 person)


100%


93.9%


84.9%


77.5%


DESCRIPTION OF SECURITIES

Item 9. Description of Securities to be Registered.


The following statements aredescription of our capital stock is only a summary, and is qualified in theirits entirety by reference to the detailedactual terms and provisions of the capital stock contained in our Amendedarticles of incorporation and Restated Articlesour bylaws. On February 22, 2016, we entered into a share cancellation agreement with each of IncorporationGood Eastern Investment Holdings Limited, Moxian China Limited and Bylaws.Stellar Elite Limited. Each entity agreed to cancel 50% of the shares beneficially owned by them for no consideration.

As of June 3, 2016, there were 128,011,883 shares of common stock outstanding, which were held by approximately 267 record shareholders. 

Our authorized capital consists of 600,000,000 shares, of which 500,000,000 shares are designated as shares of common stock, par value $0.001 per share, and 100,000,000 shares are designated as shares of preferred stock, par value $0.001 per share. No shares of preferred stock are currently outstanding. Shares of preferred stock may be issued in one or more series, each series to be appropriately designated by a distinguishing letter or title, prior to the issuance of any shares thereof. The Sharesvoting powers, designations, preferences, limitations, restrictions, relative, participating, options and other rights, and the qualifications, limitations, or restrictions thereof, of the Preferred Stock shall hereinafter be prescribed by resolution of the board of director before the issuance of any shares of Preferred Stock in such series.

Common Stock

Each share of our common stock entitles its holder to one vote per share on all matters to be voted or consented upon by the stockholders. The holders of our common stock are entitled to receive dividends, in equal amounts per share, when and as declared by our Board of Directors from legally available sources, subject to any restrictions in our certificate of incorporation or prior rights of the holders of our preferred stock. In the event of our liquidation or dissolution, the holders of our common stock are entitled to share ratably in the assets available for distribution after the payment of all of our debts and other liabilities, subject to the prior rights of the holders of our preferred stock. The holders of our common stock have no subscription, redemption or conversion privileges. Our common stock does not entitle its holders to preemptive rights. All of the outstanding shares of our common stock are fully paid and non-assessable. The rights, preferences and privileges of the holders of our common stock are subject to the rights of the holders of shares of any series of preferred stock which we may issue in the future.

Registration Rights

Under the Rebel Note, REBL, the holder of a total of 7,782,000 shares of our common stock, may request that we register all or a portion of its shares of common stock for sale under the Securities Act, on one or more occasions, until all of the shares it owns are so registered, or are sold or otherwise transferred.

Transfer Agent

The transfer agent for our capital stock is Island Stock Transfer, located at 15500 Roosevelt Boulevard, Suite 301, Clearwater, FL 33760.

Listing

We have applied to have our common stock listed on the Nasdaq Capital Market under the symbol “MOXC”.

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Control Share Acquisitions

The “control share” provisions of Sections 78.378 to 78.3793, inclusive, of the NRS, apply to “issuing corporations” that are Nevada corporations with at least 200 stockholders of record, including at least 100 stockholders of record who are Nevada residents, and that conduct business directly or indirectly in Nevada, unless the corporation has elected to not be subject to these provisions.

The control share statute prohibits an acquirer of shares of an issuing corporation, under certain circumstances, from voting its shares of a corporation’s stock after crossing certain ownership threshold percentages, unless the acquirer obtains approval of the target corporation’s disinterested stockholders. The statute specifies three thresholds: (a) one-fifth or more but less than one-third, (b) one-third but less than a majority, and (c) a majority or more, of the outstanding voting power. Generally, once a person acquires shares in excess of any of the thresholds, those shares and any additional shares acquired within 90 days thereof become “control shares” and such control shares are deprived of the right to vote until disinterested stockholders restore the right. These provisions also provide that if control shares are accorded full voting rights and the acquiring person has acquired a majority or more of all voting power, all other stockholders who do not vote in favor of authorizing voting rights to the control shares are entitled to demand payment for the fair value of their shares in accordance with statutory procedures established for dissenters’ rights. A corporation may elect to not be governed by, or “opt out” of, the control share provisions by making an election in its articles of incorporation or bylaws, provided that the opt-out election must be in place on the 10th day following the date an acquiring person has acquired a controlling interest, that is, crossing any of the three thresholds described above. We have not opted out of these provisions and will be subject to the control share provisions of the NRS if we meet the definition of an issuing corporation upon an acquiring person acquiring a controlling interest unless we later opt out of these provisions and the opt out is in effect on the 10th day following such occurrence.

The effect of the Nevada control share statute is that the acquiring person, and those acting in association with the acquiring person, will obtain only such voting rights in the control shares as are conferred by a resolution of the stockholders at an annual or special meeting. The Nevada control share law, if applicable, could have the effect of discouraging takeovers of our company.

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SHARES ELIGIBLE FOR FUTURE SALE

Prior to this offering, only a limited public market for our common stock existed on the OTCQB. Future sales of substantial amounts of our common stock in the public market, including shares issued upon exercise of outstanding warrants, or the anticipation of such sales, could adversely affect prevailing market prices of our common stock from time to time and could impair our ability to raise equity capital in the future.

Upon the closing of this offering, we will have outstanding [●] shares of our common stock. All of the shares sold in this offering will be freely tradable unless purchased by our “affiliates,” as that term is defined in Rule 144 under the Securities Act of 1933, as amended, or the Securities Act.

In addition to the 128,011,883 shares of common stock outstanding, upon the completion of this offering and the acquisitions, we will have outstanding [●] shares of common stock issuable upon the exercise of the Underwriters’ Warrants.

Lock-Up

For further details on the lock-up agreements, see the section entitled “Underwriting – Lock Up Agreements.”

Rule 144

In general, under Rule 144 of the Securities Act, as in effect on the date of this prospectus, any person who is not our affiliate at any time during the preceding three months, and who has beneficially owned their shares for at least six months, including the holding period of any prior owner other than one of our affiliates, would be entitled to sell an unlimited number of shares of our common stock provided current public information about us is available, and, after owning such shares for at least one year, including the holding period of any prior owner other than one of our affiliates, would be entitled to sell an unlimited number of shares of our common stock without restriction.

A person who is our affiliate or who was our affiliate at any time during the preceding three months, and who has beneficially owned restricted securities for at least six months, including the holding period of any prior owner other than one of our affiliates, is entitled to sell within any three-month period a number of shares that does not exceed the greater of:

1% of the number of shares of our common stock then outstanding, which will equal approximately [●] shares, or
the average weekly trading volume of our common stock during the four calendar weeks preceding the filing of a Notice of Proposed Sale of Securities pursuant to Rule 144 with respect to the sale.

Sales under Rule 144 by our affiliates are also subject to manner of sale provisions and notice requirements and to the availability of current public information about us.

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UNDERWRITING

We are offering the shares of common stock described in this prospectus through Axiom Capital Management Inc. Axiom Capital Management Inc. is acting as the representative for the underwriters in this offering. We have entered into an underwriting agreement, dated as of , 2016, with the underwriters, with respect to the shares of common stock being offered. Subject to the terms of the underwriting agreement, the underwriters have agreed to offer, on a “best efforts” basis, the number of shares of common stock set forth below, at the public offering price.

UnderwriterNumber of
Shares of
Common Stock

Axiom Capital Management Inc.

Cuttone & Co., Inc.

Total

The offering is being made without a firm commitment of the underwriters, with no obligation or commitment on the part of the underwriters to purchase any of the shares of common stock being offered. There is no minimum number of shares of common stock that must be sold prior to the consummation of this offering. 

Neither the underwriters nor any of their respective affiliates have provided any services to us or our affiliates in the past.

Commissions and Discounts

The underwriting discount is equal to the public offering price per share, less the amount paid by the underwriters to us per share. We estimate expenses payable by us in connection with this offering, other than the underwriting discounts referred to above, will be approximately $[●]. This estimate includes $275,000 of fees and expenses of the underwriters, which includes the fees and expenses of underwriters’ counsel. In connection with the successful completion of this offering, we have agreed to issue to Axiom Capital Management Inc. warrants equal to 4% of the shares issued in the public offering. The warrants are exercisable on a cashless basis at a price equal to the public offering price described below under “Underwriting — Underwriters’ Warrant.” Except as disclosed in this prospectus, the underwriters have not received and will not receive from us any other item of compensation or expense in connection with this offering considered by the Financial Industry Regulatory Authority, Inc. (“FINRA”), to be underwriting compensation under its rule of fair price. The underwriting discount was determined through an arms’ length negotiation between us and the underwriters. We have agreed to pay to the underwriters upon the consummation of the offering, a non-accountable expense allowance equal to one percent (1%) of the gross proceeds of the offering.

We also have agreed that, upon successful completion of this offering, for a period of 12 months from the effective date of the registration statement related to this offering, we will offer Axiom Capital Management, Inc. the right of first refusal to participate on terms that are reasonable and customary in the investment banking market for such services in connection with any financing undertaken by us. We previously paid a non-refundable fee of [●] to Wellington Shields & Co., LLC.

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The following table provides information regarding the amount of the discount to be paid to the underwriters by us:

Per Share
Public offering price$
Underwriting discount (1)$
Non-accountable expense allowance (2)
Proceeds, before expenses, to us (3)$

(1) Represents an underwriting discount equal to the sum of 7% of the public offering price.

(2) Represents a non-accountable expense allowance equal to the sum of 1% of the public offering price. We have paid to Axiom Capital Management, Inc. a $50,000 advance to be applied against the accountable expenses in connection with this offering.

(3) We estimate that the total expenses of this offering excluding the underwriting discount and non-accountable expense allowance, will be approximately $[●] million.

57

Underwriters’ Warrant

We have also agreed to issue to Axiom Capital Management, Inc., a warrant to purchase a number of shares equal to an aggregate of 4% percent of the aggregate number of the shares sold in this offering. The warrants will be exercisable on a cashless basis at an exercise price equal to the offering price of the shares sold in this offering. The warrants are exercisable commencing six months after the closing date of this offering, and will be exercisable for five years thereafter. The warrants are not redeemable by us. Resales of the underwriter warrants, and resales of the shares of common stock issuable upon exercise of the underwriters’ warrants, have been registered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act, on the registration statement of which this Prospectusprospectus forms a part. Pursuant to applicable FINRA rules, and in particular Rule 5110, the warrants (and underlying shares) issued to Axiom Capital Management, Inc. may not be sold, transferred, assigned, pledged, or hypothecated, or the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective disposition of the securities by any person for a period of 180 days after the effective date of the registration statement related to this offering; provided, however, that the warrants (and underlying shares) may be transferred to officers or directors of Axiom Capital Management, Inc. and members of the underwriting syndicate and their affiliates as long as the warrants (and underlying shares) remain subject to the lockup. 

Lock-up Agreements

[We, each of our directors and officers and holders of ten percent or more of our common stock on a fully diluted basis immediately prior to the consummation of this offering have agreed or are otherwise contractually restricted for a period of 180 days after the date of this prospectus, without the prior written consent of Axiom Capital Management, Inc., not to directly or indirectly:

issue (in the case of us), offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of any shares of our common stock or other capital stock or any securities convertible into or exercisable or exchangeable for our common stock or other capital stock; 

in the case of us, file or cause the filing of any registration statement under the Securities Act with respect to any shares of our common stock or other capital stock or any securities convertible into or exercisable or exchangeable for our common stock or other capital stock, other than registration statements on Form S-8 filed with the SEC after the closing date of this offering; or 

enter into any swap or other agreement, arrangement, hedge or transaction that transfers to another, in whole or in part, directly or indirectly, any of the economic consequences of ownership of our common stock or other capital stock or any securities convertible into or exercisable or exchangeable for our common stock or other capital stock,

whether any transaction described in any of the foregoing bullet points is to be settled by delivery of our common stock or other capital stock, other securities, in cash or otherwise, or publicly announce an intention to do any of the foregoing.

There are no existing agreements between the underwriters and any person who will execute a part arelock-up agreement in connection with this offering providing consent to the sale of shares prior to the expiration of the lock-up period. The lock up does not apply to the issuance of shares upon the exercise of rights to acquire shares of common stock allpursuant to any existing stock option or the conversion of the same classany of our preferred convertible stock.]

Indemnification and entitled to the same rights and privileges as all other shares of common stock.Contribution


Capital Stock


The authorized capital stock ofunderwriting agreement provides for indemnification between us and the Company is 500,000,000 shares of capital stock. The board of directors authorized 425,000,000 shares of common stock with full voting rightsunderwriters against specified liabilities, including liabilities under the Securities Act, and with a par value of $0.001 per share,for contribution by us and 75,000,000 shares of preferred stock, with a par value of $0.001 per share (the Preferred Stock).


Preferred Stockthe underwriters to payments that may be issued from time to time in one or more series with such designations, preferences and relative participating, optional or other special rights and qualifications, limitations or restrictions thereof, as shall be provided by Board resolution authorizing the issuance of such Preferred Stock or series thereof; and the Board is vested with authority to fix such designations, preferences and relative participating, optional or other special rights or qualifications, limitations, or restrictions for each series, including the power to fix the redemption and liquidation preferences, the rate of dividends payable and the time for and the priority of payment thereof and to determine whether such dividends shall be cumulative or not and to provide for and fix the terms of conversion of such Preferred Stock or any series thereof into the common stock of the Company and fix the voting power, if any, of shares of Preferred Stock or any series thereof.


As of the date of this Prospectus, there are 3,100,000 shares of common stock issued outstanding. There are no outstanding shares of Preferred Stock. As of the date of this Prospectus, there is one (1) holder of record of the Companys common stock, who is an affiliate of the Company.


22






Options and Warrants


There are no outstanding options or warrants or other securities that are convertible into our common stock.


Voting Rights


Each shareholder is entitled to one (1) vote for each share of voting stock. Shareholders are not entitled to cumulative voting rights.


Dividend Policy


We intend to retain and use any future earnings for the development and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future.  Accordingly, shareholders will not get a financial benefit from owning our shares until the shares are sold, which may be difficult because there is no market for our shares and there is only a small chance that there will be a market for our shares.


Transfer Agent


The transfer agent for our common stock will be Stock Doodle LLC upon completion of this Offering. Its address and telephone number are 7285 W. 132nd Street Suite 240,  Overland Park, KS 66213 and 913.232.2270.  Until the present time, we have acted as our own transfer agent and registrar.


Penny Stock Regulation


The SEC has adopted regulations which generally define penny stockrequired to be any equity security that has a market price (as defined) of less than $5.00 per share or an exercise price of less than $5.00 per share. Such securities are subjectmade with respect to rules that impose additional sales practice requirements on broker-dealers who sell them. For transactions covered by these rules, the broker-dealer must make a special suitability determination for the purchaser of such securities and have received the purchasers written consent to the transaction prior to the purchase. Additionally, for any transaction involving a penny stock, unless exempt, the rules require the delivery, prior to the transaction, of a disclosure schedule prepared by the SEC relating to the penny stock market. The broker-dealer also must disclose the commissions payable to both the broker-dealer and the registered representative, current quotations for the securities and, if the broker-dealer is the sole market-maker, the broker-dealer must disclose this fact and the broker-dealers presumed control over the market. Finally, among other requirements, monthly statements must be sent disclosing recent price information for the penny stock held in the account and information on the limited market in penny stocks. As the Shares immediately following this Offering will likely be subject to such penny stock rules, purchasers in this Offering will in all likelihood find it more difficult to sell their Shares in the secondary market.


Item 10. Interests of Named Experts and Counsel.


Interests of Named Experts and Counsel


No expert or counsel named in this Prospectus as having prepared or certified any part of this Prospectus or having given an opinion upon the validity of the securities being registered or upon other legal matters in connection with the registration or offering of the Shares was employed on a contingency basis, or had, or is to receive, in connection with the Offering, a substantial interest, direct or indirect, in the Company, nor was any such person connected with the Company as a promoter, managing or principal underwriter, voting trustee, director, officer or employee.


23






Disclosure of Commission Position on Indemnification

for Securities Act Liabilities


Our Amended and Restated Articles of Incorporation and Bylaws provide for the indemnification of the Company officers and directors in regard to their carrying out the duties of their offices.those liabilities. We have been advised that, in the opinion of the SECSecurities and Exchange Commission, indemnification forof liabilities arising under the Securities Act is against public policy as expressed in the Securities Act, and is therefore, unenforceable. In

Proceeds of this offering in the amount of $500,000 shall be used to fund an escrow account for a period of [●] months following the closing date of this offering, which account shall be used in the event we shall have to indemnify the underwriters pursuant to the terms of the Underwriting Agreement.

Stabilizing Transactions and Penalty Bids

In order to facilitate this offering, persons participating in this offering may engage in transactions that stabilize, maintain, or otherwise affect the price of our shares of common stock during and after this offering. Specifically, the underwriters may engage in the following activities in accordance with the rules of the Securities and Exchange Commission.

58

Stabilizing transactions. The underwriters may make bids for or purchases of shares of our common stock shares or shares for the purpose of pegging, fixing, or maintaining the price of the shares of our common stock or shares, so long as stabilizing bids do not exceed a claim for indemnification against such liabilities (otherspecified maximum.

Penalty bids. If the underwriters purchase shares in the open market in a stabilizing transaction or syndicate covering transaction, they may reclaim a selling concession from the underwriters and selling group members who sold those shares as part of this offering. Stabilization and syndicate covering transactions may cause the price of the shares to be higher than paymentit would be in the absence of these transactions. The imposition of a penalty bid might also have an effect on the price of the shares if it discourages resale of shares.

The transactions above may occur on NASDAQ or otherwise. Neither we nor the underwriters make any representation or prediction as to the effect that the transactions described above may have on the price of our shares. If these transactions are commenced, they may be discontinued without notice at any time.

Miscellaneous

A prospectus in electronic format may be made available on websites maintained by the Companyunderwriters. These websites and the information contained on these websites, or connected to these websites, are not incorporated into and are not a part of expenses incurred or paidthis prospectus. The underwriters may agree to allocate a number of shares to underwriters for sale to their online brokerage account holders. Internet distributions will be allocated by a director, officer or controlling personthe representative of the Companyunderwriters to underwriters that may make Internet distributions on the same basis as other allocations. In connection with the offering, the underwriters or syndicate members may distribute prospectuses electronically. No forms of electronic prospectus other than prospectuses that are printable as Adobe® PDF will be used in connection with this offering.

The underwriters have informed us that they do not expect to confirm sales of shares offered by this prospectus to accounts over which they exercise discretionary authority.

Offer Restrictions Outside the United States

Other than in the successful defenseUnited States, no action has been taken by us or the underwriters that would permit a public offering of the securities offered by this prospectus in any jurisdiction where action suitfor that purpose is required. The securities offered by this prospectus may not be offered or proceeding) is asserted against one of our directors, officerssold, directly or controlling personsindirectly, nor may this prospectus or any other offering material or advertisements in connection with the offer and sale of any such securities being registered, webe distributed or published in any jurisdiction, except under circumstances that will unlessresult in compliance with the opinionapplicable rules and regulations of that jurisdiction. Persons into whose possession this prospectus comes are advised to inform themselves about and to observe any restrictions relating to the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell or a solicitation of an offer to buy any securities offered by this prospectus in any jurisdiction in which such an offer or a solicitation is unlawful.

China

THIS DOCUMENT HAS NOT BEEN AND WILL NOT BE CIRCULATED OR DISTRIBUTED IN THE PRC AND THE ORDINARY SHARES MAY NOT BE OFFERED OR SOLD TO ANY PERSON FOR RE-OFFERING OR RESALE, DIRECTLY OR INDIRECTLY, TO ANY RESIDENT OF THE PRC EXCEPT PURSUANT TO APPLICABLE LAWS AND REGULATIONS OF THE PRC. FOR THE PURPOSE OF THIS SECTION ONLY, THE PRC DOES NOT INCLUDE TAIWAN AND THE SPECIAL ADMINISTRATIVE REGIONS OF HONG KONG AND MACAU. THIS DOCUMENT HAS NOT BEEN NOR WILL IT BE APPROVED BY OR REGISTERED WITH THE RELEVANT CHINESE GOVERNMENTAL AUTHORITIES, AND IT DOES NOT CONSTITUTE NOR IS IT INTENDED TO CONSTITUTE AN OFFER OF SECURITIES WITHIN THE MEANING PRESCRIBED UNDER THE PRC SECURITIES LAW OR OTHER LAWS AND REGULATIONS OF THE PRC. ACCORDINGLY, THIS DOCUMENT SHALL NOT BE OFFERED OR MADE AVAILABLE, NOR MAY THE COMMON STOCK BE MARKETED OR OFFERED FOR SALE TO THE GENERAL PUBLIC, DIRECTLY OR INDIRECTLY, IN THE PRC. THE COMMON STOCK SHALL ONLY BE OFFERED OR SOLD TO PRC INVESTORS THAT ARE AUTHORIZED OR QUALIFIED TO BE ENGAGED IN THE PURCHASE OF THE COMMON STOCK BEING OFFERED. POTENTIAL INVESTORS IN THE PRC ARE RESPONSIBLE FOR OBTAINING ALL THE RELEVANT REGULATORY APPROVALS/LICENSES FROM THE CHINESE GOVERNMENT BY THEMSELVES, INCLUDING, WITHOUT LIMITATION, THOSE THAT MAY BE REQUIRED FROM THE STATE ADMINISTRATION OF FOREIGN EXCHANGE, THE CHINA BANKING REGULATORY COMMISSION, THE MINISTRY OF COMMERCE AND THE NATIONAL DEVELOPMENT AND REFORM COMMISSION, WHERE APPROPRIATE, AND FOR COMPLYING WITH ALL THE RELEVANT PRC LAWS AND REGULATIONS IN SUBSCRIBING FOR COMMON STOCK.

59

Hong Kong

THESE SECURITIES HAVE NOT BEEN DELIVERED FOR REGISTRATION TO THE REGISTRAR OF COMPANIES IN HONG KONG AND, ACCORDINGLY, MUST NOT BE ISSUED, CIRCULATED OR DISTRIBUTED IN HONG KONG OTHER THAN TO PERSONS WHOSE ORDINARY BUSINESS IT IS TO BUY OR SELL SHARES OR DEBENTURES, WHETHER AS PRINCIPAL OR AGENT, WITHIN THE MEANING OF THE HONG KONG COMPANIES ORDINANCE (THE “ORDINANCE”) OR IN CIRCUMSTANCES WHICH DO NOT CONSTITUTE AN OFFER TO THE PUBLIC FOR THE PURPOSES OF THE ORDINANCE. UNLESS PERMITTED BY THE SECURITIES LAWS OF HONG KONG, NO PERSON MAY ISSUE OR CAUSE TO BE ISSUED IN HONG KONG THIS SECURITIES OR ANY OR OTHER INVITATION, ADVERTISEMENT OR DOCUMENT RELATING TO THE SECURITIES TO ANYONE OTHER THAN A PERSON WHOSE BUSINESS INVOLVES THE ACQUISITION, DISPOSAL OR HOLDING OF SECURITIES, WHETHER AS PRINCIPAL OR AGENT.

Singapore

THE SECURITIES REPRESENTED MAY NOT BE OFFERED OR SOLD, NOR MAY ANY DOCUMENT OR OTHER MATERIAL IN CONNECT WITH SUCH SECURITIES BE DISTRIBUTED, EITHER DIRECTLY OR INDIRECTLY, (I) TO PERSONS IN SINGAPORE OTHER THAN UNDER CIRCUMSTANCES IN WHICH SUCH OFFER OR SALE DOES NOT CONSTITUTE AN OFFER OR SALE OF SUCH SECURITIES TO THE PUBLIC IN SINGAPORE OR (II) TO THE PUBLIC OR ANY MEMBER OF THE PUBLIC IN SINGAPORE OTHER THAN PURSUANT TO, AND IN ACCORDANCE WITH THE CONDITIONS OF, AN EXEMPTION INVOKED UNDER DIVISION 5A OR PART IV OF THE COMPANIES ACT, CHAPTER 50 OF SINGAPORE AND TO PERSONS TO WHOM THE SECURITIES MAY BE OFFERED OR SOLD UNDER SUCH EXEMPTION.

LEGAL MATTERS

The validity of the shares of our legal counsel the mattercommon stock offered hereby has been settledpassed upon for us by controlling precedent, submitLoeb & Loeb LLP, New York, New York. Schiff Hardin LLP, Washington, DC, is acting as counsel to a court of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.


Item 11. Information with Respect to Registrant.


Company Overview


SECURE NetCheckIn Inc. is a corporation, incorporated in the State of Nevada on October 12, 2010. The Company's principal office is located at 13118 Lamar Ave, Overland Park, KS 66209. Our telephone number there is 913.945.1290.  All operations, from administration to product development, take place at this location.


The Company offers a product that is a web-based portal where patients can input healthcare and insurance information and make appointments with their medical provider using our online system.  Currently, patients call their physicians to get appointment times.  The product being developed by the Company allows patients to make appointments online and to get a text within a defined period of time letting the patient know what time the doctor will see him or her.  This eliminates the need for patients to wait in physician waiting rooms for the physician. The Company currently has one beta testing partner, an urgent care facility where 1409 unique users have used our product as of May 2011.  


The Company has generated no revenue to date.  Our beta testing partner has filed for reorganization under the bankruptcy code, and that company is not in a position to enter into a revenue-generating contract with us at this time.  Accordingly, we will use our very limited resources to attract other clients to use our services through networking and attracting users to our website. The Company cannot provide any certainty about whether or not these limited methods will drive sales.  Accordingly, it is unclear when the Company will generate revenue, if ever.


Organizational Structure


Our President and Chief Executive Officer, Brandi L. DeFoor, is the only individual currently participating in the Companys start-up activities. At present, she is contributing less than 10 hours per week, without compensation, to handle the operational business functions including corporate administration and overseeing the development of the companys products. We do not anticipate at this time that our management will change although the Company does not have an employment agreement with Ms. DeFoor.


Upon the successful acquisition of funding or an increase in sales, we plan to expand the current staff by adding employees with sales expertise. We anticipate the cost of each of these sales positions to be approximately $50,000.00 per year in commissions, and we may choose to compensate these employees with consideration other than cash, such as shares of common stock or options to purchase shares of common stock.


Assuming the availability of funds from this Offering or future sales of products, we expect to hire employees to fill the following positions:


Director of Sales & Marketing

Physician Liaison

SQL DBA  Database Administrator

Microsoft Certified .Net Systems Developer


24






We would also like to retain commissioned sales representatives, partner with a regional healthcare producer, or integrate with an established EMR (Electronic Medical Records) company who does not currently have a scheduling or notification system to cross-sell our services. As sales increase, we will be in a position to add customer service representatives to handle inbound calls, handle setup, and assist in operational troubleshooting.underwriters.

 

Products and Services EXPERTS


The mission of the Company is to provide cutting edge technology to change the paradigm of the typical office visit experience from the scheduling to the exit of the visit.  Our product is designed around a software as a service model.  Both our code and the customers data resides on our server and is accessed through the internet.  The customer never takes control or gets any rights to the software code.  Clients can download their data at any time through a utility provided by our software.  The Company anticipates that it will offer the service to clients on a monthly payment schedule.


Client interface with our product is web-based, and so access is available via smart phone, iPad or web browser.  Patients can search open appointments within a metropolitan region or within a certain physicians group office.  When an appointment time fits the patients searched criteria, the patient will have the ability to reserve the time and complete a pre-screening process to expedite registration upon arrival at the facility.  Specifically, patients can enter healthcare and insurance information at the site which eliminates the hand-written process often used by physicians.  The pre-screening process include a repository of family information, insurance information, and past medical issues which may assist in the delivery of healthcare.  This information will be available for future appointments, stored online and accessible by the patient anytime via login and password.


Participating facilities will have the ability to view the scheduled appointments, import the patient information and communicate with the patient via electronic media such as smart phones and iPads.


Throughout the time the consumer enters the appointment until the time the patient arrives at the facility, the system tracks a patient queue.  Our product allows our client to define the rate at which the patients are requested to begin their transportation to the facility, and updates patients with any delays based on unforeseen complications.  This allows clients to keep their waiting rooms free of patients with sickness, and to increase the efficiency of client arrival to encounter with a provider.


The system completes the process by creating and recording a post-visit survey.  The survey provides critical feedback for physicians and facility managers to evaluate performance.  Clients have the ability to utilize one of the standard surveys or define questions themselves based on their practice.



25







Startup and Plan of Operation


Research and Development


Use of Proceeds

Minimum Fees

Mid-Range

Offering

Maximum Offering

a.

Research and Development

$8,250(i)

$25,000(ii)

$50,000(iii)


The system is currently operating for a small privately held urgent care center to handle online scheduling, continuous patient update, and the survey module.  The current architecture of the database allows for all upgrades when additional resources are available to complete them.  Our current offering allows patients to choose appointments available at only the beta testing facility.  Future generations of our product offering will allow the patient to search from a much broader range of criteria and from more than just a single facility.  Additional search criteria will allow patients to search physicians by specialty which should increase usability.


The bridge from our database to that of each individual EMR will have to be completed at the time of installation of new accounts.  An electronic portal or bridge will require mapping of the data fields from our system to that of the other vendors.  


(i)

Minimum Offering.  With the system currently operating without any failures since its launch, performance testing and stabilization would be the primary goal with a minimum offering.  The site is currently operating with over 1,400 users and 250 online appointments scheduled each month.  One database administrator (DBA) hired for 40 hours of consulting would increase performance and solidify the structure.


(ii)

Mid-Range Offering.  In addition to the DBA performance increase, a Mid-Range Offering would result in the development of system upgrades to allow for an improved web design and back office functionality.





Estimated

Task

Resource

Cost Per Hour

(blended rate)

Hours

Costs

Database Administrator

Consultant hired hourly

$75.00


$3,000.00

GUI Interface

1 GUI

$75.00

120

$9,000.00

Web Developer

1 GUI

$62.50

60

$3,750.00

Overall Graphics

Outsource to Marketing firm



$5,600.00

Allowances for Overages


20%


$3,650.00

Total

$25,000.00


(iii)

Maximum Offering.  The Maximum Offering Amount would allow for the developments described in (i)Dominic K.F. Chan & (ii) with the addition of the development of a fully integrated EMR. Current systems available do not include the online client portion already developed in our operational site.  This portion of completed code would expedite the development of the full product and would increase our credibility and service offering in the industry.  Our estimates below describe the timeframes and costs related to upgrading our system;




Estimated

Task

Resource

Cost Per Hour

(blended rate)

Hours

Costs

Min & Mid Offering Upgrades



$25,000.00

Requirements gathering

1 SQL DBA | 1 GUI

$75.00

40 (x 2)

$6,000.00

Database Development

1 SQL DBA

$75.00

40

$3,000.00

GUI Interface

Outsourced Offshore

$20.00

200

$4,000.00

Beta Testing & Rework

1 GUI | 1 Analyst

$62.50

40 (x2)

$5,000.00

Installation & Training

1 Analyst

$40.00

40

$1,600.00

Graphics

Outsource to Marketing firm



$3,500.00

Allowances for Overages on Maximum Offering

20%


$1,900.00

Total

$50,000.00


The costs saved or any overages will come from the reserve set aside in working capital.


26







Marketing/Advertising/Promotion


Use of Proceeds

Minimum Fees

Mid-Range

Offering

Maximum Offering

b.

Marketing / Advertising /Promotion

$2,000(i)

$15,000(i)

$25,000(iii)


We are currently in the development stage of marketing, sales and promotion strategies. Initially, it appears that the most cost-effective way to generate sales will be to direct as many users as possible to the Companys website.  The site should be developed in a manner which would allow screens to be exported to media for distribution.


(i)

Minimum Offering.  With such limited funds, we will focus attention on direct sales through local, free, physician events to maximize our exposure. Two tradeshows in the region would cost around $1,500.00 and should enable enough interaction to determine the best qualities needed to recruit commissioned sales representatives.


(ii)

Mid-Range Offering.  In addition to the efforts described in (i)Co., our goal in the Mid-Range Offer would be to engage an experienced search engine optimization (SEO) company in the medical space to create a plan for increasing our Google ranking and creating an ad word campaign.


(iii)

Maximum Offering.  In addition to the efforts described in (i) and (ii), we would institute a significant marketing campaign.  Direct mail, industry print ads and paid articles would be purchased with the remaining funds.


Working Capital


Use of Proceeds

Minimum Fees

Mid-Range

Offering

Maximum Offering

c.

Working Capital


$40,250

$75,250


Working capital will be utilized to fund the day to day operations and serve to mitigate any overage or shortfalls in the other categories.  With a Mid-Range or Maximum Offering, our first hire will be a part time Customer Service Representative to assist with the current client, manage the marketing effort and back up the Research and Development efforts to ensure efficient use of contractors.  Commissioned Sales Representatives will be recruited through various free online tools to service the opportunities generated by the marketing/advertising efforts.


Expenses Related to the Offering


Use of Proceeds

Minimum Fees

Mid-Range

Offering

Maximum Offering

c.

Expenses Related to the Offering

$29, 750.00

$29,750.00

$29,750


Expenses related to the offering are detailed in the chart below.  These fees are estimates and any variances will be covered from Working Capital in the Mid-Range Offering and from Marketing and Product development in the Minimum Offering.

SEC registration fee


$

21.00


Blue Sky fees and expenses

 

$

350.00

 

Printing and shipping expenses

 

$

100.00

 

Legal fees and expenses

 

$

25,750.00

 

Accounting fees and expenses

 

$

3,000.00

 

Transfer agent and miscellaneous expenses

 

$

529.00

 

Total

 

$

29,750.00

 



27







Sales Strategies


We are currently in the development stage of creating our sales methodology.  Initially, it appears the most cost effective way to generate sales will be to direct as many users as possible to our Companys website.  The site will need to have the pertinent information to entice a potential user to request information.  The site should also contain in a manner which would allow screens to be exported to media for distribution.


Technology / Platform


The beta testing environment and the development server reside on a server co-located at godaddy.com.  The website is currently developed in Microsoft Visual Web Developer 2010 Express for the forward facing pages and SQL Server 2008 for the back end database.  Developed pages are served via IIS on a Windows Server 2008 box.  The security certificate offers RSA (2,048 bit) encryption.


The Company operates under the software as a service SaS model.  Customer and users access the system from any internet connection worldwide.  The Company hosts the software and allows the customers access to their specific data.  The customers and users will not have a contractual right to take possession of the software.


Future Products and Services.


As the number of users of our product grows, insurance related marketing opportunities should be available.  The insurance industry spends some of the highest per client acquisition costs for targeted data. We may have the opportunity to have advertising on our site which would further drive revenue.


If we are able to capture market share and move into the fully integrated EMR portion of the industry, there are a variety of ancillary data storage opportunities in the market.  Online personal health records would be a natural progression for expanding the product offering.


Market Needs


According to recent statistics from HIMSS (Healthcare Information and Management Systems Society), only 0.5% of U.S. hospitals currently have a complete EMR system that provides data continuity throughout the institution.  While institutions are focusing on the implementation of such systems, it is our belief that if we are able to offer a remote solution and seamlessly integrate with their current systems while decreasing the wait time for patients, we would be in a position to lead the industry.


Market Trends


Demand for healthcare services will begin to outpace supply of trained healthcare professionals. Hospitals and other healthcare facilities will need to make more effective use of their staff to ensure all shifts are covered appropriately. Outside help and temporary staffing won't always be readily available. And, when it is, the urgent care facility will be charged a premium for their services. Workforce management and advanced scheduling technology can help the urgent care facility reduce labor costs and turnover, while improving productivity and patient satisfaction.


Personal Health Records (PHRs), once rejected by providers and academics, are quickly becoming recognized as a viable method in which to transport patient data and will complement EMRs and EHRs (electronic health records) through systems which are easily integrated with open architecture.  Advances in secure personal storage, smart card, and software technology will help drive this trend.


28







Market Growth


The shift to EMRs and EHRs has already taken off, but even now there is plenty that needs to be done. This is because the task at hand is sizable and can only be completed if the necessary financial and logistical support is made available to all of the parties involved. It is estimated that over $140 Billion will be spent every year in the some type of EMR conversions.


With increased digitization (the process of moving from paper to electronic records), it has now become easier to manage medical records that have become more comprehensive.  These records can include everything from patient information to diagnostic care and prescription data. As of now, electronic medical records are being used for a wide variety of purposes such as for getting multiple views on diagnostic care and treatment, for assessing preventive measures for various illnesses, and for assessing the outcome of clinical trials and research. They are also being used for assessing eligibility for health insurance plans, claims settlements, and financial lending. Apart from these, electronic medical records are helping medical research organizations to keep a tab on common ailments and their prevalence in specific areas such as county, state, national and international levels.


Competition


There are multiple competitors in each segment of the industry, from small local players to giants like Google Health, which is a repository where individuals may store their own medical records. There are several online physician scheduling companies like AMiOn. and Physician Schedule.  There are many EMR software providers such as Cerner and Intivia.  So for each segment of the Companys product offering there are many competitors


The Company will work toward finding its niche in this rapidly changing market by providing a superior customer experience, highly reliable software, strong support and enhanced compliance.  We will also use direct marketing, educational newsletters and other traditional marketing methods to increase sales and to better compete in this market.  We will drive business to our website through the implementation of search engine optimization techniques.


This competition could adversely impact our ability to successfully get clients and grow the Companys revenue.


Laws and Regulations


The Company will be subject to The Health Insurance Portability and Accountability Act (HIPAA) of 1996.  Specifically, the HIPAA Privacy Rules governs the use and disclosure of patient information.


29






Management's Discussion and Analysis or Plan of Operation


The following discussion of our financial condition and plan of operation should be read in conjunction with the Companys financial statements, the notes to those statements and the information included elsewhere in this Prospectus. This discussion includes forward-looking statements that involve risks and uncertainties. As a result of many factors, such as those set forth under Risk Factors and elsewhere in this Prospectus, our actual results may differ materially from those anticipated in these forward-looking statements.


Overview


The Company plans to develop its business in three stages: (1) validate market demand through continued development of the operating beta test site within the urgent care center; (2) develop a specific plan to increase the usability of the product from the comments acquired from the center; and (3) leverage the current relationships with the providers within the center to begin negotiations with associate providers.  In the event that the Minimum Offering Amount is raised in this Offering, the proceeds received will provide the means for the Company to continue testing and allow for limited marketing. If the Company raises the Maximum Offering Amount, those proceeds will be used for the same purposes, but the Company will be able to proceed with product development while increasing the budget for a broader promotional campaign.


Plan of Operation


We are a start-up company with no revenue to date. We have completed beta testing of our product, and have a working software solution to take to market. We have very limited resources to generate sales.  We do not know when the Company will generate revenue.


Limited Operating History; Need for Additional Capital


There is no historical financial information about us upon which to base an evaluation of our performance. We are in the start-up phase of development, have generated no revenue from operations and cannot guarantee we will be successful in our business operations.


Liquidity and Capital Resources


We are attempting to raise money from this Offering to generate cash to begin operations. As of December 31, 2010, our total assets were $10,008, and our total liabilities were $6,760.


The Company has no firm cash commitments for capital expenditures and is expending no capital pending completion of this Offering. The Companys anticipated capital requirements are modest in part due to characteristics inherent to the way the Company is managing its software development. The Company will use godaddy.com for website hosting and has no associated infrastructure cost. The Company expects that the minimum proceeds from this Offering will be sufficient to support its business plan for twelve months. If the Company receives proceeds in excess of the Minimum Offering Amount, the pace at which the Company can pursue its business plan will be accelerated. Initially, the Company anticipates conducting marketing efforts through the use of outside sales representatives on a commission basis. If it receives only minimum proceeds, the Company will limit the number of markets it can target in initial promotional product campaigns. The Company is in its development stage and has limited operations. As such, the Company has no historical periods with which to compare anticipated capital requirements in the future. The Company will use the proceeds from this Offering to support its capital requirements. To the best of the Companys knowledge, it is not aware of any event or future trend which would cause the Companys anticipated capital requirements to exceed the Minimum Offering Amount.


The Company has no revenue to date. We have limited resources to attract new clients. Accordingly, we cannot state with any certainty when the Company will begin generating any revenue.

30






Important Assumptions


The recent trend in web-based consumer solutions should benefit the Company; however, the physician practices may be resistant to change thereby reducing the Companys chance for success.


Description of Property


The Company owns no real estate. SECURE NetCheckIn Inc. is currently utilizing space in Overland Park, KS. The property is owned by our President and Chief Executive Officer, Brandi L. DeFoor, and the Company presently pays no rent to occupy the space. There is no obligation for or guarantee that this arrangement will continue in the future.  The website is co-located with www.godaddy.com to insure favorable service times while offering the flexibility of increasing data storage and bandwidth without the delay of acquisition and installation of owned services.


Experts


The financial statements of SECURE NetCheckIn Inc. as of December 31, 2010 and for the period from October 12, 2010 (inception) through December 31, 2010, included in this Registration Statement have been audited by Weaver & Martin, LLC, independent registered public accounting firm, has audited our financial statements at September 30, 2015 and 2014 and for each of the two years ended September 30, 2015 and 2014 as set forth in their report. We have been so included our financial statements in the prospectus and elsewhere in the registration statement in reliance uponon Dominic K.F. Chan & Co.’s report which includes an explanatory paragraph about the reportexistence of Weaver & Martin, LLCsubstantial doubt concerning the Company’s ability to continue as a going concern, given on thetheir authority of such firm as experts in accounting and auditing.


31






Certain Relationships and Related Transactions


Since inception, the following transactions were entered into with our shareholders.


Our sole shareholder, Brandi L. DeFoor, acquired her shares with the intent to hold the shares for investment purposes and not with a view to further resale or distribution, except as permitted under exemptions from registration requirements under applicable securities laws.  The certificate was issued with a restrictive legend with respect to the issuance of securities pursuant to exemptions from registration requirements under the Securities Act.


Market for Common Equity and Related Stockholder Matters


No Public Market for Common Stock


There is no public market for our common stock. Therefore, the current and potential market for our common stock is limited and the liquidity of our shares may be severely limited. To date, we have made no effort to obtain listing or quotation of our securities on a national stock exchange or association. We have not identified or approached any broker/dealers with regard to assisting us to apply for such listing. We are unable to estimate if or when we expect to undertake this endeavor. No market may ever develop for our common stock, or if developed, may not be sustained in the future. Accordingly, our shares should be considered totally illiquid, which inhibits investorsWHERE YOU CAN FIND MORE INFORMATION ability to sell their Shares. The market price of the Shares of common stock is likely to be highly volatile and may be significantly affected by factors such as actual or anticipated fluctuations in the Companys operating results, announcements of technological innovations, new products and/or services or new contracts by the Company or its competitors, developments with respect to copyrights or proprietary rights, adoption of new accounting standards or regulatory requirements affecting the insurance business, general market conditions and other factors. In addition, the stock market from time to time experiences significant price and volume fluctuations that may adversely affect the market price for the Companys common stock.


Shareholders of Our Common Shares


As of the date of this Prospectus, we have one shareholder of record.


Rule 144 Shares


There are currently no outstanding warrants for the purchase of shares of common stock and no shares of common stock reserved under any employee stock option plans. As of the date of this Prospectus, 3,100,000 shares of common stock are issued and outstanding. There currently are no shares of common stock or common stock equivalents which can be resold in the public market in reliance upon the safe harbor provisions of Rule 144, as promulgated under the Securities Act of 1933.


Upon the date this Registration Statement becomes effective, a total of 900,000 shares of our common stock will become available for sale to the public. The 3,100,000 shares of common stock outstanding as of the date of this Prospectus are considered restricted securities because they were issued in reliance upon an exemption from the registration requirements of the Securities Act and not in connection with a public offering. Pursuant to Rule 144 under the Securities Act, at such time as the Company has become a reporting issuer under Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, these restricted shares will become available for resale to the public at the rate of one percent (1%) of total issued and outstanding shares of the Company during a three-month period. In general, under Rule 144, as amended, an affiliate of a reporting company may resell restricted securities after a six-month holding period, subject to the current public information requirements, volume limitations, manner of sale requirements and notice of proposed sale requirements.


As of the date of this Prospectus, one person, Brandi L. DeFoor, holds 100% of our outstanding shares of common stock.


32






Stock Option Grants


To date, we have not granted any stock options.


Registration Rights


We have not granted registration rights to any holder of shares of our common stock.


Dividends


There are no restrictions in our Amended and Restated Articles of Incorporation or Bylaws that prevent us from declaring dividends. The Nevada Revised Statutes, however, do prohibit us from declaring dividends where, after giving effect to the distribution of the dividend:

 

1. 

We would not be able to pay our debts as they become due in the usual course of business; or

2. 

Our total assets would be less than the sum of our total liabilities plus the amount that would be needed, if the Company were to be dissolved at the time of the distribution, to satisfy the preferential rights upon dissolution of shareholders whose preferential rights are superior to those receiving the distribution.


We have not declared any dividends, and we do not plan to declare any dividends in the foreseeable future.


33







Executive Compensation


Brandi L. DeFoor, the Company's sole officer and director, does not receive any compensation for her services rendered to the Company since inception, has not received such compensation in the past and is not accruing any compensation pursuant to any agreement with the Company. No remuneration of any nature has been paid for or on account of services rendered by a director in such capacity.  There are also no arrangements or plans to provide retirement, pension or similar benefits. We do not currently have any bonus or incentive plans available. However, stock options may be granted at the direction of the board of directors.


Reports to Security Holders


We have filed with the SEC a registration statement (the Registration Statement) on Form S-1/A (including exhibits)S-1 under the Securities Act, with respect to the shares to be sold inof common stock being offered by this Offering.prospectus. This Prospectus, which forms part of the registration statement,prospectus does not contain all of the information set forth in the Registration Statementregistration statement and its exhibits. For further information with respect to us and the common stock offered by this prospectus, we refer you to the registration statement and its exhibits. Statements contained in this prospectus as some portionsto the contents of any contract or any other document referred to are not necessarily complete, and in each instance, we refer you to the copy of the contract or other document filed as an exhibit to the registration statement. Each of these statements is qualified in all respects by this reference.

You can read our SEC filings, including the registration statement, over the Internet at the SEC’s website at www.sec.gov. You may also read and copy any document we file with the SEC at its public reference facilities at 100 F Street NE, Washington, D.C. 20549. You may also obtain copies of these documents at prescribed rates by writing to the Public Reference Section of the SEC at 100 F Street NE, Washington, D.C. 20549. Please call the SEC at 1-800-SEC-0330 for further information on the operation of the public reference facilities. You may also request a copy of these filings, at no cost, by writing us at 228 Park Ave South, #82217, New York, NY 10003 or telephoning us at +86 (0)755-66803251.

We are subject to the information reporting requirements of the Exchange Act, and file reports, proxy statements and other information with the SEC. These reports, proxy statements and other information are available for inspection and copying at the public reference room and web site of the SEC referred to above. We also maintain a website at www.moxian.com, at which, following the closing of this offering, you may access these materials free of charge as soon as reasonably practicable after they are electronically filed with, or furnished to, the SEC. The information contained in, or that can be accessed through, our website incorporated by reference in, and is not part of, this prospectus.

60

MOXIAN, INC.

Index to Financial Statements

Unaudited Financial Statements

Consolidated Balance Sheets as of March 31, 2016 (Unaudited) and September 30, 2015F-2
Consolidated Statements of Operations and Comprehensive Income for the Three and Six Months Ended March 31, 2016 and 2015F-3
Consolidated Statements of Stockholders’ Equity as of March 31, 2016
Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2016 and 2015F-4
Notes to Financial StatementsF-5 – F-18

Audited Financial Statements

Report of Independent Registered Public Accounting FirmF-19
Consolidated Balance Sheets as of September 30, 2015 and 2016F-20
Consolidated Statements of Operations and Comprehensive Income for the Years Ended September 30, 2015 and 2016F-21
Consolidated Statements of Stockholders’ Equity as of September 30, 2015F-22
Consolidated Statements of Cash Flows for the Years Ended September 30, 2015 and 2016F-23
Notes to Audited Consolidated Financial StatementsF-24 – F-36

F-1

MOXIAN, INC.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

  As of 
  March 31, 2016  September 30, 2015 
ASSETS      
CURRENT ASSETS      
Cash and cash equivalents $123,529  $2,398,713 
Prepayments, deposits and other receivables  691,207   1,042,727 
Inventories  33,746   38,310 
Total current assets  848,482   3,479,750 
         
Deferred tax assets  76,231   52,609 
Property and equipment, net  1,983,160   2,941,562 
Intangible assets, net  7,192,344   6,600,285 
TOTAL ASSETS $10,100,217  $13,074,206 
         
LIABILITIES AND STOCKHOLDERS’ EQUITY        
CURRENT LIABILITIES        
Accruals and other payables $505,121  $600,675 
Loans payable – related parties  1,268,518   1,462,525 
Subscription payments  -   5,505,915 
Total current liabilities  1,773,639   7,569,115 
Total liabilities  1,773,639   7,569,115 
         
STOCKHOLDERS’ EQUITY        
         
Preferred stock, $0.001 par value, authorized: 100,000,000 shares. Nil shares issued and outstanding  -   - 
Common stock, $0.001 par value, authorized: 500,000,000 shares. 128,011,883 and 214,666,944 shares issued and outstanding as of March 31, 2016 and September 30, 2015, respectively  128,012   214,667 
Additional paid-in capital  24,627,252   16,350,577 
Accumulated deficit  (16,704,502)  (11,174,812)
Accumulated other comprehensive income  275,816   114,659 
Total stockholders’ equity  8,326,578   5,505,091 
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $10,100,217  $13,074,206 

See accompanying notes to unaudited condensed consolidated financial statements

F-2

MOXIAN, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

  For the  For the  For the  For the 
  Three Months  Three Months  Six Months  Six Months 
  Ended  Ended  Ended  Ended 
  March 31,
2016
  March 31,
2015
  March 31,
2016
  March 31,
2015
 
             
Revenues, net $7,358  $22,661  $12,942  $68,166 
Cost of revenues  (1,583)  (11,648)  (2,889)  (11,648)
Gross Profit  5,775   11,013   10,053   56,518 
                 
Depreciation and amortization expenses  457,109   221,663   900,553   256,744 
Research and development  625,756   270,828   1,514,296   515,986 
Selling, general and administrative expenses  1,212,913   668,234   2,694,739   1,420,772 
Loss from operations  (2,290,003)  (1,149,712)  (5,099,535)  (2,136,984)
                 
Finance expense  (197)  (12,792)  (197)  (12,792)
Interest income  675   2,267   1,559   2,278 
Foreign exchange loss  (456,283)  -   (456,283)  - 
Other income (expenses)  (1,052)  -   449   - 
Loss before income tax  (2,746,860)  (1,160,237)  (5,554,007)  (2,147,498)
                 
Income tax benefits  21,398   -   24,317   - 
Net loss  (2,725,462)  (1,160,237)  (5,529,690)  (2,147,498)
                 
Foreign currency translation adjustments  55,719   49,395   161,157   191,744 
Comprehensive loss $(2,669,743) $(1,110,842) $(5,368,533) $(1,955,754)
                 
Basic and diluted loss per common share $(0.02) $(0.01) $(0.03) $(0.01)
                 
Basic and diluted weighted average common shares outstanding  177,442,250   198,300,000   196,259,128   198,300,000 

See accompanying notes to unaudited condensed consolidated financial statements

F-3

MOXIAN, INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

  Six Months  Six Months 
  Ended  Ended 
  March 31,
2016
  March 31,
2015
 
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $(5,529,690) $(2,147,498)
Adjustments to reconcile net loss to cash used in operating activities        
Depreciation and amortization  900,553   256,744 
Deferred tax benefits  (24,317)  - 
Changes in operating assets and liabilities:        
Prepayments, deposits and other receivables  342,440   (612,701)
Inventories  3,999   (45,097)
Accruals and other payables  4,887   118,399 
Net cash used in operating activities  (4,302,128)  (2,430,153)
         
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchases of property and equipment  (280,226)  (34,288)
Purchase of intangible assets  (178,543)  - 
Net cash used in investing activities  (458,769)  (34,288)
         
CASH FLOWS FROM FINANCING ACTIVITIES        
Loans payable – related parties  673,222   2,897,214 
Repayment of payable – related parties  (851,229)  (1,413,734)
Proceeds from private placement – stock issuance  2,684,105   -
Net cash provided by financing activities  2,506,098   1,483,480 
         
Effect of exchange rates on cash and cash equivalents  (20,385)  (95,816)
Net decrease in cash and cash equivalents  (2,275,184)  (1,076,777)
Cash and cash equivalents, beginning of period  2,398,713   1,770,196 
Cash and cash equivalents, end of period $123,529  $693,419 
         
Supplemental cash flow disclosures:        
Cash paid for interest expense $-  $- 
Cash paid for income taxes $-  $- 
         
Non-cash investing and financing activities        
Acquisition by issuing convertible note $-  $6,782,000 
Issuance of shares for subscription payment received in 2015 $5,505,915   - 
Reclassification of Construction in progress to intangible assets $829,862   - 
Cancellation of shares $94,845  - 

See accompanying notes to unaudited condensed consolidated financial statements

F-4

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.Organization and nature of operations

Moxian, Inc. (formerly known as Moxian China, Inc., hereinafter referred as “Moxian,” together with its subsidiaries, the “Company”), was incorporated under the laws of the State of Nevada on October 12, 2010. The Company, through its subsidiaries and variable interest entity, engages in the business of operating a social network platform that integrates social media and business into one single platform.

The Company is currently devoting its efforts to develop mobile application and online platform that facilitate the small to medium size businesses to attract more clients. The Company’s ability to continue as a going concern is dependent upon its ability to develop additional sources of capital, develop apps and websites, generate servicing income, and ultimately, achieve profitable operations. The accompanying unaudited consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties.

2.Summary of principal accounting policies

Basis of presentation

The accompanying unaudited condensed consolidated financial statements of the Company have been omittedprepared in accordance with generally accepted accounting principles in the United States of America and reflect the activities of the following subsidiaries and VIE: Moxian CN Samoa, Moxian BVI, Moxian HK, Moxian Shenzhen, Moxian Malaysia, Moyi, Moxian Beijing and Moxian IP Samoa. All material intercompany transactions and balances have been eliminated in the consolidation.

The interim condensed consolidated financial information as of March 31, 2016 and for the three and six months ended March 31, 2016 and 2015 have been prepared, pursuant to the rules and regulations of the SEC. For furtherSecurities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in annual consolidated financial statements prepared in accordance with respectU.S. GAAP, have been omitted pursuant to our Companythose rules and the Shares offeredregulations. The interim condensed consolidated financial information should be read in this Prospectus, reference is made to the Registration Statement, including the exhibits filed thereto, andconjunction with the financial statements and the notes filed as a part thereof. With respect to each such documentthereto, included in the Company’s Form 10-K/A for the fiscal year ended September 30, 2015, previously filed with the SECSEC.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair statement of the Company’s consolidated financial position as of March 31, 2016 and its condensed consolidated results of operations for three and six months ended March 31, 2016 and 2015, and its condensed consolidated cash flows for the six months ended March 31, 2016 and 2015, as applicable, have been made. The interim results of operations are not necessarily indicative of the operating results for the full fiscal year or any future periods.

In accordance with the Generally Accepted Accounting Principles of the United States of America (US GAAP), variable interest entities (VIEs) are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or whose equity holders lack adequate decision making ability. All VIEs with which the Company is involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes.

F-5

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2.Summary of principal accounting policies (Continued)

Basis of presentation (continued)

ASC 810-10 (Financial Accounting Standards Board (“FASB”) “Consolidation” addresses whether certain types of entities referred to as variable interest entities (“VIEs”), should be consolidated in a company’s consolidated financial statements. Pursuant to an exhibitExclusive Business Cooperation Agreement by and betweenMoxian Shenzhen and Moyi, dated July 15, 2014, Moxian Shenzhen has the exclusive right to provide to Moyi technical and systems support, marketing consulting services, training for technical personnel and technical consulting services. As payment for these services, Moyi has agreed to pay Moxian Shenzhen a service fee equal to 100% Moyi’s pre-tax profit. In addition, Moxian Shenzhen will also absorb losses from Moyi, if any, based on the service agreement. In accordance with the provisions of ASC 810, the Company has determined that Moyi is a VIE of Moxian Shenzhen and that the Company is the primary beneficiary, and accordingly, the financial statements of Moyi are consolidated into the financial statements of the Company.

Reclassification

Certain prior year amounts have been reclassified to conform to the Registration Statement, referencecurrent year presentation

Liquidity and Capital Resources

As of March 31, 2016, the Company’s current liabilities exceeded the current assets by approximately $0.9 million and our accumulated deficits were $16.7 million and the Company has incurred losses since inception, which raise substantial doubt about the ability to continue as a going concern. Given the expected capital expenditure in the foreseeable future, we have comprehensively considered the available sources of funds as follows:

Financial support from related parties; and
Issuance of shares for private placement and public offering

The Company does not currently have sufficient cash or commitments for financing to sustain its operations for the next twelve months. The Company plans to increase the cash flows from initial public offering (“IPO”) and other private placements. If the Company’s IPO and private placements do not reach the level anticipated in our plan and the Company may not be able to obtain the necessary additional capital on a timely basis, on acceptable terms, or at all, the Company may be unable to implement its current plans for expansion, repay our debt obligations or respond to competitive pressures, any of which would have a material adverse effect on its business, prospects, financial condition and results of operations. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

F-6

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2.Summary of principal accounting policies (Continued)

Risks and Uncertainties

The Company’s operations are substantially carried out in the PRC. Accordingly, the Company’s business, financial condition and results of operations maybe substantially influenced by the political, economic and legal environments in the PRC, and by the general state of the PRC’s economy. The Company’s operations in the PRC are subject to specific considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environments and foreign currency exchange. The Company’s results may be adversely affected by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion and remittance abroad, and rates and methods of taxation, among other things.

Fair value of financial instruments

The Company follows the provisions of Accounting Standards Codification (“ASC”) 820, “Fair Value Measurements and Disclosures.” ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

Level 1-Observable inputs such as unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

Level 2-Inputs other than quoted prices that are observable for the asset or liability in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

Level 3-Inputs are unobservable inputs which reflect management’s assumptions based on the best available information.

The carrying value of deposits and other receivables, accruals and other payables and loans from related parties approximate their fair values because of the short-term nature of these instruments.

Use of estimates

The preparation of the unaudited condensed consolidated financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the accompanying unaudited condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Significant estimates required to be made by management include but not limited to, use lives of property and equipment, intangible assets, inventory valuation and deferred tax assets. Actual results could differ from those estimates.

F-7

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2.Summary of principal accounting policies (Continued)

Cash and cash equivalents

The Company considers all short-term highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less to be cash equivalents.

Plant and Equipment, net

Plant and equipment are recorded at cost less accumulated depreciation and impairment. Significant additions or improvements extending useful lives of assets are capitalized. Maintenance and repairs are charged to expense as incurred. Depreciation is madecomputed using the straight-line method over the estimated useful lives as follows:

Computers3 years
Office equipment3 years
Furniture and fixtures3 years
Leasehold improvementsShorter of estimated useful life or term of lease

Intangible assets

Intangible assets, comprising Intellectual property rights (“IP rights”), which are separable from the fixed assets, are stated at cost less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of 3- 10 years.

Impairment of long-lived assets

Long-lived assets are evaluated for impairment whenever events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the assets) indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than the Company had originally estimated. When these events occur, the Company evaluates the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, the Company recognizes an impairment loss based on the excess of the carrying value of the assets over the fair value of the assets. As of March 31, 2016, management believes there was no impairment.

Revenue recognition

Revenue are recognized when persuasive evidence of an arrangement exists; delivery has occurred or services have been rendered; the price is fixed or determinable; and collectability is reasonably assured.

F-8

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2.Summary of principal accounting policies (Continued)

Income taxes

The Company utilizes Accounting Standard Codification Topic 740 (“ASC 740”) “Income taxes”, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the unaudited consolidated financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the exhibitperiods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

ASC 740 “Income taxes” clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in the unaudited condensed consolidated financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the statements of operations. The adoption of ASC 740 did not have a significant effect on the unaudited consolidated financial statements.

Foreign currency transactions and translation

The reporting currency of the Company is United States Dollars (the “USD”) and the functional currency of Moxian Shenzhen, Moyi and Moxian Beijing is Renminbi (the “RMB”) as China is the primary economic environment in which they operate, the functional currency of Moxian HK is Hong Kong Dollar (the “HKD”), and the functional currency of Moxian Malaysia is Malaysia Ringgit (the “MYR”).

For financial reporting purposes, the financial statements of Moxian Shenzhen, Moyi, Moxian Beijing, Moxian HK and Moxian Malaysia, which are prepared using their respective functional currencies, are translated into the reporting currency, United States dollar ("U.S. dollar") so to be consolidated with the Company’s. Monetary assets and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of exchange ruling at the balance sheet date. Revenues and expenses are translated using average rates prevailing during the reporting period. Adjustments resulting from the translation are recorded as a separate component of accumulated other comprehensive income in owners’ deficit. Transaction gains and losses are recognized in the statements of operations and comprehensive income.

The exchange rates applied are as follows:

 Balance sheet items, except for equity accounts March 31,
2016
  September 30,
2015
 
 RMB:USD  6.4494   6.3568 
 HKD:USD  7.7548   7.7501 
 MYR:USD  3.9104   4.4124 

F-9

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2.Summary of principal accounting policies (Continued)

Foreign currency transactions and translation (continued)

Items in the statements of operations and comprehensive loss, and statements cash flows

   Six Months Ended
March 31,
 
   2016  2015 
 RMB:USD  6.4652   6.1444 
 HKD:USD  7.7622   7.7556 
 MYR:USD  4.2377   3.6177 

Research and Development

Research and development expenses include payroll, employee benefits, stock-based compensation expense, and other related expenses associated with product development. Research and development expenses also include third-party development, programming costs, and localization costs incurred to translate software for local markets. Such costs related to software development are included in research and development expense until the point that technological feasibility is reached. Once technological feasibility is reached, such costs are capitalized and amortized to the cost of revenue over the estimated lives of the products.

Recent accounting pronouncements

In January 2016, the FASB has issued Accounting Standards Update (ASU) No. 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The new guidance is intended to improve the recognition and measurement of financial instruments. The new guidance makes targeted improvements to existing U.S. GAAP by: (1) requiring equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income. Requiring public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; (2) Requiring separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; (3) Eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and. (4) Requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as “own credit”) when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. The new guidance is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is evaluating the effect, if any, this update will have on the Company's condensed consolidated financial position, results of operations and cash flows.

F-10

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2.Summary of principal accounting policies (Continued)

Recent accounting pronouncements (continued)

In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), which supersedes the existing guidance for lease accounting, Leases (Topic 840). ASU 2016-02 requires lessees to recognize leases on their balance sheets, and leaves lessor accounting largely unchanged. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018 and interim periods within those fiscal years. Early application is permitted for all entities. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. The Company is currently evaluating the impact of this new standard on its condensed consolidated financial statements.

In April 2016, the FASB released ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The ASU includes multiple provisions intended to simplify various aspects of the accounting for share-based payments. While aimed at reducing the cost and complexity of the accounting for share-based payments, the amendments are expected to significantly impact net income, EPS, and the statement of cash flows. Implementation and administration may present challenges for companies with significant share-based payment activities. The ASU is effective for public companies in annual periods beginning after December 15, 2016, and interim periods within those years. The Company is currently evaluating the impact of this new standard on its condensed consolidated financial statements.


In April 2016, FASB issued Accounting Standards Update No. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing. The amendments clarify the following two aspects of Topic 606: (a) identifying performance obligations; and (b) the licensing implementation guidance. The amendments do not change the core principle of the guidance in Topic 606. The effective date and transition requirements for the amendments are the same as the effective date and transition requirements in Topic 606. Public entities should apply the amendments for annual reporting periods beginning after December 15, 2017, including interim reporting periods therein (i.e., January 1, 2018, for a more complete descriptioncalendar year entity). Early application for public entities is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently evaluating the impact of this new standard on its condensed consolidated financial statements.

F-11

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

3.Property and equipment, net

   March 31, 2016  September 30, 2015 
        
 Electronic equipment $2,361,083  $2,357,085 
 Furniture and fixtures  88,233   22,752 
 Construction in progress  -   796,996 
 Leasehold improvements  402,771   193,225 
 Total property and equipment  2,852,087   3,370,058 
 Less: Accumulated depreciation  (868,927)  (428,496)
 Total property and equipment, net $1,983,160  $2,941,562 

The depreciation expense for the three and six months ended March 31, 2016 were $226,642 and $450,066, respectively. The depreciation expenses for the three and six months ended March 31, 2015 were $52,113 and $87,194, respectively.

4.Intangible assets

As of March 31, 2016 and September 30, 2015, the Company has the following amounts related to intangible assets:

   March 31, 2016  September 30, 2015 
        
 IP rights $6,782,000  $6,782,000 
 Other intangible assets  1,400,546   354,755 
    8,182,546  $7,136,755 
 Less: accumulated amortization  (990,202)  (536,470)
 Net intangible assets $7,192,344  $6,600,285 

No significant residual value is estimated for these intangible assets. Aggregate amortization expense for the three and six months ended March 31, 2016 totaled $230,467 and $450,487, respectively. Amortization expense for the three and six months ended March 31, 2015 totaled $169,550 and $169,550, respectively. The following table represents the total estimated amortization of intangible assets for the five succeeding fiscal years subsequent to March 31, 2016:

 For the Twelve Months Ending March 31, Estimated Amortization Expense 
     
 2017 $993,564 
 2018  988,288 
 2019  901,593 
 2020  826,898 
 2021 and thereafter 3,482,001 
 Total $7,192,344 

F-12

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

5.Related party transactions and balances

The table below sets forth related parties having transactions during the six months ended March 31, 2016 and balances as of March 31, 2016 and September 30, 2015.

NameRelationship with the Company
Jet Key Limited (“Jet Key”)A below 1% shareholder of the Company
Shenzhen Bayi Consulting Co. Ltd. (“Bayi”)A below 5% shareholder of the Company
Ace Keen Limited (“Ace Keen”)A below 1% shareholder of the Company
Moxian China LimitedA 27.5% shareholder of the Company
Zhang XinA below 5% shareholder of the Company
Beijing Xinhua Huifeng Equity Investment Center (“Xinhua”)A Shareholder of the Company (see note 6)
Zhongtou Huifeng Investment Management (Beijing) Co. LtdAffiliated company of Xinhua
Morolling International HK Limited (Morolling)A below 5% shareholder of the Company

Details of loans payable – related parties as of March 31, 2016 and September 30, 2015 are as follows:

 Nature and Company March 31,
2016
  September 30, 2015 
 Loan payable – related parties      
 Bayi $435,582  $1,286,811 
 Moxian China Limited  388,355   (50,256)
 Jet Key  216,905   202,373 
 Ace Keen  99,245   23,597 
 Zhang Xin  98,971   - 
 Zhongtou  15,505   - 
 Xinhua  13,955   - 
   $1,268,518  $1,462,525 

For the six months ended March 31, 2016, the Company repaid of $832,762 to Bayi and further borrowed $445,818, $98,971, $75,648, $15,505 and $13,955 from Moxian China Limited, Zhang Xin, Ace Keen, Zhongtou and Xinhua, respectively.

For the six months ended March 31, 2015, the Company further borrowed $2,897,214 from Bayi and made loan repayment of $74,905, $468,198, $107,848 and $762,783 to Ace Keen, Jet Key, Moroling and Moxian China, respectively. The loans and advance were made by shareholders to Moxian HK, Moxian Shenzhen, Moyi and Moxian Malaysia and are unsecured, interest free and will be due on demand.

On February 1, 2016, Moxian Shenzhen and Shenzhen Bayi entered into a loan agreement whereby Shenzhen Bayi agreed to provide a loan to Moxian Shenzhen in aggregate of $46,516 (RMB300,000) without interest and due in one year.

F-13

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

5.Related party transactions and balances (Continued)

On February 2, 2016, Moxian Shenzhen and Shenzhen Bayi entered into a loan agreement whereby Shenzhen Bayi agreed to provide a loan to Moxian Shenzhen in aggregate of $38,763 (RMB250,000) without interest and due in one year.

On February 26, 2016, Shenzhen Moyi and Shenzhen Bayi entered into a loan agreement whereby Shenzhen Bayi agreed to provide a loan to Shenzhen Moyi in aggregate of $33,854 (RMB218,340) without interest and due in one year.

From January 29, 2016 through March 15, 2016, Moxian Shenzhen and Shenzhen Bayi entered into four loan agreements whereby Shenzhen Bayi agreed to provide loans to Moxian Shenzhen in aggregate of $387,636 (RMB 2,500,000) without interest and due in one year.

On February 1, 2016, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in aggregate of $64,476 (HKD500,000) without interest and due in one year.

On February 2, 2016, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in aggregate of $25,790 (HKD200,000) without interest and due in one year.

On March 7, 2016, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in aggregate of $38,686 (HKD300,000) without interest and due in one year.

On March 14, 2016, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in aggregate of $77,371 (HKD600,000) without interest and due in one year.

On March 21, 2016, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in aggregate of $77,371 (HKD600,000) without interest and due in one year.

On March 10, 2016, Moxian BJ and Xinhua Huifeng entered into a loan agreement whereby Xinhua Huifeng agreed to provide a loan to Moxian BJ in aggregate of $13,955 (RMB90,000) without interest and due in one year.

On November 9, 2015, Moxian HK and Zhang Xin entered into a loan agreement whereby Zhang Xin agreed to provide a loan to Moxian HK in aggregate of $98,971 (HKD 767,500) without interest and due in one year.

On November 20, 2015, Moxian HK and Ace Keen entered into a loan agreement whereby Ace Keen agreed to provide a loan to Moxian HK in aggregate of $75,648 (HKD 589,259) without interest and due in one year.

On November 25, 2015 and December 24, 2015, respectively, Moxian HK and Moxian China Limited entered into two loan agreements whereby Moxian China Limited agreed to provide loans to Moxian HK in aggregate of $167,639 (HKD 1,300,000) without interest and due in one year.

On February 26, 2016, Moxian Beijing and Zhongtou entered into a loan agreement whereby Zhongtou agreed to provide a loan to Moxian Bejing in aggregate of $15,505 (RMB 100,000) without interest and due in one year.

On March 28, 2015, Moyi and Ace Keen entered into a loan agreement whereby Ace Keen agreed to provide a loan to Moyi in aggregate of $23,258 (RMB150,000) without interest and due in two years.

On November 30, 2014, Moyi and Jet Key entered into a loan agreement whereby Jet Key agreed to provide a loan to Moyi in aggregate of $79,078 (RMB510,000) without interest and due in three years.

F-14

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

6.Capital stock

Xinhua Subscription

The Company entered into a subscription agreement (“Zhongtou Subscription Agreement”) with Zhongtou Huifeng Investment Management (Beijing) Co. Ltd. (“Zhongtou”) on April 24, 2015, whereby we agreed to sell an aggregate of 8,169,000 shares of the matter involved. We are not currently subjectCompany’s Common Stock at a per share price of $1.00 for gross proceeds of $8,190,000 (approximately RMB50,000,000) and to issue to Zhongtou for no additional consideration a warrant (the “Warrant”) to purchase in the aggregate 32,000,000 shares (“Warrant Shares”) of Common Stock at an exercise price of $2.00 per share, exercisable on or prior to July 31, 2015. On June 4, 2015, the Company and Zhongtou entered into a Termination Agreement to terminate the Zhongtou Subscription Agreement as Zhongtou’s principals have determined to make the investment described in the Zhongtou Subscription Agreement through a different entity, Beijing Xinhua Huifeng Equity Investment Center (Limited Partnership) (“Xinhua”).

On June 4, 2015, the Company and Xinhua entered into a new Subscription Agreement (“Xinhua Subscription Agreement”) on substantially the same terms as the Zhongtou Subscription Agreement (the “Transaction”). Pursuant to the informational requirementsXinhua Subscription Agreement, if the Company fails to contract with 25,000 new paying merchants by September 30, 2016, the Company shall issue an additional number of shares of Common Stock to Xinhua, equal to 50% of the Securities Exchange Actaccumulated number of 1934Warrant Shares exercised and acquired by Xinhua as of September 30, 2016, for no additional consideration (“Make Good Provision”). The Make Good Provision will be available only if Xinhua has exercised the Warrant and acquired more than 16,000,000 Warrant Shares (the Exchange Act“Condition”). As a resultFurther, the Company shall issue 4,000,000 shares of Common Stock to Xinhua for no additional consideration if the Company fails to publish its full working version of the offeringMoxian mobile application version 2.0 by September 30, 2015, or if the Company fails to uplist to a national securities exchange in the U.S. by June 30, 2017. Xinhua shall also have the right to nominate (i) one member of the SharesCompany’s accounting department; and (ii) one member of the board of directors provided that the Condition has been met.

On August 13, 2015, Xinhua and the Company entered into an Amendment Agreement (the “Amendment Agreement”) to amend certain terms under the Xinhua Subscription Agreement between the Company and Xinhua dated June 4, 2015 to September 30, 2015. Pursuant to the Xinhua Subscription Agreement, the Company will issue 8,190,000 shares of the Company’s Common Stock to Xinhua for $8,190,000 and grant the warrant (the “Warrant”) to purchase up to 32,000,000 shares of the Company’s Common Stock on or before July 31, 2015 (the “Expiration Date”) (such transaction, the “Transaction”). Pursuant to the Amendment Agreement (the “First Amendment Agreement”), the closing date of the Transaction was extended to September 30, 2015 and the Expiration Date of the Warrant was extended to September 30, 2015.

On December 16, 2015, the Company entered into a Second Amendment Agreement to the Subscription Agreement (the “Second Amendment Agreement”) with Xinhua. Under the Second Amendment Agreement, the closing date of the transaction was extended again to December 31, 2015 and the Expiration Date of the Warrant was extended to December 31, 2015 as well.

On February 28, 2016, the Company closed the transaction and issued 8,190,020 shares of the Company Common Stock to Xinhua for an aggregate purchase price of $8,190,020, or $1.00 per share, of which $5,505,915 proceeds were received by the Company in fiscal 2015 and included in the subscription payments liability.

F-15

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

6.Capital stock (Continued)

Cancellation of shares

On February 22, 2016, Good Eastern Investment Limited (‘GEL’), Stellar Elite Limited (‘SEL’) and Moxian China Limited (‘MCL’), collectively, the Designated Shareholders, entered into a Share Cancellation Agreement (the ‘Agreement’) with the Company. Pursuant to the Agreement, on February 22, 2016, the Designated Shareholders cancelled 94,845,081 shares of the Company common stock which represented 42.93% of our issued and outstanding shares for no consideration. The cancelled shares resulted in GEL, SEL and MCL owning after the share cancellation 19,980,000, 39,660,000 and 35,205,081 shares of common stock or any other securities of the Company respectively.

As of March 31, 2016 and September 30, 2015, there were no warrants or options outstanding to acquire any additional shares of Common Stock of the Company.

Purchase of Intangible Asset

On January 30, 2015, we issued a convertible note in the principal amount of $7,782,000 to REBL for the acquisitions of Moxian IP Samoa and Moxian BVI.

On August 14, 2015, $3,981,000 of such note was converted into 3,891,000 shares of our common stock.

On September 30. 2015, we issued an additional 3,891,000 shares of our common stock we will become subject to the informational requirementsREBL upon conversion of the Exchange Act, and, in accordance therewith, we will file quarterly and annual reports and other information with the SEC and send a copy of our annual report together with audited consolidated financial statements to each of our shareholders. The Registration Statement, such reports and other information may be inspected and copied at the Public Reference Room of the SEC located at 100 F Street, N. E., Washington, D. C. 20549. Copies of such materials, including copies of all or anyremainder portion of the Registration Statement, may be obtained from the Public Reference Room of the SEC at prescribed rates. You may call the SEC at 1-800-SEC-0330 to obtain information on the operation of the Public Reference Room. Such materials may also be accessed electronically by means of the SECs home page on the internet (http://www.sec.gov).note.


Item 12A.  Disclosure of Commission Position on Indemnification of Securities Act Liabilities.


We have been advised that in the opinion of the SEC indemnification for liabilities arising under the Securities Act is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than payment by the Company of expenses incurred or paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted by one of our directors, officers or controlling persons in connection with the securities being registered, we will, unless in the opinion of our legal counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by us is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.


Financial Statements

Our fiscal year end is December 31, 2011. We will provide audited financial statements to our shareholders on an annual basis as prepared by the Companys independent certified public accountant.

34






SECURE NETCHECKIN INC.


AS OF DECEMBER 31, 2010


AND FOR THE PERIOD OCTOBER 12, 2010 (INCEPTION)

THROUGH DECEMBER 31, 2010

(AUDITED)


Financial Statements

Table of Contents

 

7.Income taxes

The Company and its subsidiaries file separate income tax returns.

The United States of America

Moxian is incorporated in the State of Nevada in the U.S., and is subject to a gradual U.S. federal corporate income tax of 15% to 35%. The State of Nevada does not impose any corporate state income tax.

British Virgin Islands

Moxian BVI is incorporated in the British Virgin Islands. Under the current laws of the British Virgin Islands, Moxian BVI is not subject to tax on income or capital gains. In addition, upon payments of dividends by Moxian BVI, no British Virgin Islands withholding tax is imposed.

Hong Kong

Moxian HK is incorporated in Hong Kong and Hong Kong’s profits tax rate is 16.5%. Moxian HK did not earn any income that was derived in Hong Kong for the three and six months ended March 31, 2016 and 2015, and therefore, Moxian HK was not subject to Hong Kong Profits Tax.

Malaysia

The management estimated that Moxian Malaysia will not generate any taxable income in the future.

F-16

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Report of Independent Registered Public Accounting Firm

7.

F-2Income taxes (Continued)

PRC

Effective from January 1, 2008, the PRC’s statutory income tax rate is 25%. The Company’s PRC subsidiaries are subject to income tax rate of 25%, unless otherwise specified.

Moxian Shenzhen was incorporated in the People’s Republic of China. Moxian Shenzhen did not generate taxable income in the People’s Republic of China for the period from April 8, 2013 (date of inception) to March 31, 2016. The management estimated that Moxian Shenzhen will not generate any taxable income in the future.

Moyi was incorporated in the People’s Republic of China. Moyi did not generate taxable income in the People’s Republic of China for the period from July 19, 2013 (date of inception) to March 31, 2016.

Moxian Beijing was incorporated in the People’s Republic of China. Moxian Beijing did not generate taxable income in the People’s Republic of China for the period from December 10, 2015 (date of inception) to March 31, 2016.

The Company’s effective income tax rates were 0.8% and 0.4% for the three and six month period ended March 31, 2016 ( 2015 – Nil). Income tax mainly consists of foreign income tax at statutory rates and the effects of permanent and temporary differences.

As of March 31, 2016, the Company has a deferred tax asset of $76,231 resulting from certain net operating losses in PRC. The ultimate realization of deferred tax assets depends on the generation of future taxable income during the periods in which those net operating losses are available. The Company considers projected future taxable income and tax planning strategies in making its assessment. At present, the Company does not have a sufficient operation in the Moxian Shenzhen, Moxian Malaysia and Moxian Beijing to conclude that it is more-likely-than-not that the Company will be able to realize all of its tax benefits in the near future and therefore a valuation allowance has been provided for the full value of the deferred tax asset.

A valuation allowance will be maintained until sufficient positive evidence exists to support the reversal of any portion or all of the valuation allowance. Should Moxian Shenzhen, Moxian Malaysia and Moxian Beijing start to have sufficient operation in future periods with supportable trend, the valuation allowance will be reduced accordingly.

F-17

MOXIAN, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

8.Commitments and contingencies

Operating Lease

The Company leases a number of properties under operating leases. Rental expenses under operating leases for the three and six months ended March 31, 2016 were $237,186 and $418,595 respectively. Rental expenses under operating leases for the three and six months ended March 31, 2015 were $15,567 and $70,815, respectively.

As of March 31, 2016, the Company was obligated under non-cancellable operating leases for minimum rentals as follows:

 For the Twelve Months Ending March 31,   
 2017 $762,678 
 2018  596,125 
 2019  132,146 
 Thereafter  - 
 Total minimum lease payments $1,490,949 

Legal Proceeding

There has been no legal proceeding in which the Company is a party as of As of March 31, 2016.

one year.
9.Subsequent Events

Balance Sheet

F-3

On April 11, 2016, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in aggregate of $141,800 (HKD1,100,000) without interest and due in one year.

Statement

On April 20, 2016, Moxian HK and Moxian China Limited entered into a loan agreement whereby Moxian China Limited agreed to provide a loan to Moxian HK in aggregate of Operations

F-4

Statement of Changes$38,680 (HKD300,000) without interest and due in Stockholders Equity

F-5

Statement of Cash Flows

F-6

Notes to the Financial Statements

F-7


F-18

F-1Report of Independent Registered Public Accounting Firm


To:The Board of Directors and Shareholders of
Moxian, Inc.






To the Board of Directors and Shareholders

SECURE NetCheckIn Inc.

Overland Park, Kansas


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We have audited the accompanying consolidated balance sheetsheets of SECURE NetCheckInMoxian, Inc. (the Companyand its subsidiaries (collectively, the “Company”) (A Development Stage Company) as of December 31, 2010September 30, 2015 and 2014, and the related consolidated statements of operations changes in stockholdersand comprehensive income, shareholders' equity and cash flows for each of the period from October 12, 2010 (inception) to December 31, 2010.  The Companys management is responsible for theseyears ended September 30, 2015 and 2014. These consolidated financial statements.statements and schedule are the responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based on our audit.


We conducted our auditaudits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the auditaudits to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of itsthe Company’s internal control over financial reporting. Our auditaudits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the CompanysCompany’s internal control over financial reporting. Accordingly, we express no such opinion. OurAn audit of the financial statements includes examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements,statements. An audit also includes assessing the accounting principles used and significant estimates made by management, andas well as evaluating the overall consolidated financial statement presentation. We believe that our audit providesaudits provide a reasonable basis for our opinion.


In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the consolidated financial position of SECURE NetCheckIn Inc.the Company as of December 31, 2010,September 30, 2015 and 2014, and the results of its operations changes in stockholders equity, and comprehensive income, and its cash flows for each of the period from October 12, 2010 (inception) to December 31, 2010years ended September 30, 2015 and 2014 in conformity with accounting principles generally accepted in the United States of America.


As discussed in Note 2 to the accompanying financial statements, the financial statements of the Company for the year ended September 30, 2015 have been restated to correct certain misstatements.

/s/ Dominic K.F. Chan & Co

Dominic K.F. Chan & Co

Certified Public Accountants

Hong Kong, December 15, 2015

Except for Note 2 dated February 17, 2016

F-19

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

AUDITED CONSOLIDATED BALANCE SHEETS

(Stated in US Dollars)

  As of 
  September 30, 2015  September 30, 2014 
ASSETS      
CURRENT ASSETS        
Cash and cash equivalents $2,398,713  $1,770,196 
Prepayments, deposits and other receivables  1,042,727   741,645 
Inventories  38,310   - 
Total current assets  3,479,750   2,511,841 
         
Deferred tax assets (Note 10)  52,609   - 
Property and equipment, net (Note 5)  2,941,562   348,669 
Intangible assets  (Note 6)  6,600,285   - 
TOTAL ASSETS $13,074,206  $2,860,510 
         
LIABILITIES AND STOCKHOLDERS’ EQUITY        
CURRENT LIABILITIES        
Accruals and other payables $600,675  $295,601 
Payable for acquisition (Note 4)  -   1,000,000 
Loans from shareholders (Note 7)  1,462,525   6,151,932 
Subscription payment  5,505,915   - 
Total current liabilities  7,569,115   7,447,533 
Total liabilities $7,569,115  $7,447,533 
         
STOCKHOLDERS’ EQUITY        
Capital stock (Note 8)        
Preferred stock, $0.001 par value, authorized: 100,000,000 shares. Nil shares issued and outstanding as of September 30, 2015 and September 30, 2014, respectively  -   - 
Common stock, $0.001 par value, authorized: 500,000,000 shares. 214,666,944 shares and 198,300,000 shares issued and outstanding as of September 30, 2015 and September 30, 2014, respectively  214,667   198,300 
Additional paid-in capital  16,350,577   162,914 
Deficit accumulated during the development stage  (11,174,812)  (5,001,166)
Accumulated other comprehensive income  114,659   52,929 
Total stockholders’ equity/ (deficit)  5,505,091   (4,587,023)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $13,074,206  $2,860,510 

See accompanying notes to consolidated financial statements

F-20

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

AUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME

(Stated in US Dollars)

        For the period 
  For the  For the  from Inception 
  Year  Year  October 12, 
  Ended  Ended  2010 to 
  September 30, 2015  September 30, 2014  September 30, 2015 
          
Revenues, net $83,870  $56,122  $139,992 
             
Cost and expenses            
Cost of sales  (25,269)  (15,514)  (48,694)
Depreciation and amortization expenses  (843,299)  (78,571)  (921,870)
Selling, general and administrative expenses  (5,443,815)  (2,176,963)  (7,822,691)
Impairment of goodwill  -   (2,600,315)  (2,600,315)
Loss from operations  (6,228,513)  (4,815,241)  (11,253,578)
             
Interest income  2,258   23,899   26,157 
Loss before income tax  (6,226,255)  (4,791,342)  (11,227,421)
             
Income tax expenses-deferred tax benefit  52,609   -   52,609 
Net loss  (6,173,646)  (4,791,342)  (11,174,812)
             
Foreign currency translation adjustments  61,730   52,929   114,659 
Comprehensive loss $(6,111,916) $(4,738,413) $(11,060,153)
             
Basic and diluted loss per common share $(0.03) $(0.02)    
             
Basic and diluted weighted average common shares outstanding  199,996,173   198,300,000     

See accompanying notes to consolidated financial statements

F-21

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

AUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’EQUITY

(Stated in US Dollars)

        Accumulated  Accumulated    
     Additional  deficit  other    
  Common Stock*  paid-in  development  comprehensive    
  Shares  Amount  Capital  Stage  income  Total 
                   
Balance at inception,
October 12, 2010
                  
Common shares issued -                        
Founder for property and equipment  186,000,000  $186,000  $-  $(182,900) $-  $3,100 
Additional paid in capital by founder  -   -   -   169   -   169 
Net loss  -   -   -   (21)  -   (21)
                         
Balance, December 31, 2010  186,000,000  $186,000  $-  $(182,752) $-  $3,248 
                         
Additional paid in capital by founder  -   -   -   2,146   -   2,146 
Issue of common stock  12,300,000   12,300   -   28,700   -   41,000 
Net loss  -   -   -   (12,606)  -   (12,606)
                         
Balance, December 31, 2011  198,300,000  $198,300  $-  $(164,512) $-  $33,788 
                         
Net loss  -   -   -   (33,572)  -   (33,572)
                         
Balance, December 31, 2012  198,300,000  $198,300  $-  $(198,084) $-  $216 
                         
Additional paid in capital by founder  -   -   -   2,950   -   2,950 
Net loss  -   -   -   (14,690)  -   (14,690)
                         
Balance, September 30, 2013  198,300,000  $198,300  $-  $(209,824) $-  $(11,524)
                         
Inclusion of Moyi (SeeNote 1)  -   -   162,914   -   -   162,914 
Net loss  -   -   -   (4,791,342)  -   (4,791,342)
Foreign currency adjustment  -   -   -   -   52,929   52,929 
                         
Balance, September 30, 2014  198,300,000  $198,300  $162,914  $(5,001,166) $52,929  $(4,587,023)
                         
Issuance of shares  16,366,944   16,367   16,350,577   -   -   16,366,944 
Inclusion of Moyi (SeeNote 1)  -   -   (162,914)  -   -   (162,914)
Net loss  -   -   -   (6,173,646)  -   (6,173,646)
Foreign currency adjustment  -   -   -   -   61,730   61,730 
                         
Balance, September 30, 2015  214,666,944  $214,667  $16,350,577  $(11,174,812) $114,659  $5,505,091 

*The number of shares of common stock has been retroactively restated to reflect the 60-for-1 forward stock split effected on December 13, 2013.

See accompanying notes to consolidated financial statements

F-22

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

AUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Stated in US Dollars)

        For the period 
        from Inception 
  Year  Year  October 12, 
  Ended  Ended  2010 to 
  September 30, 2015  September 30, 2014  September 30, 2015 
OPERATING ACTIVITIES            
Net loss $(6,173,646) $(4,791,342) $(11,174,812)
Depreciation and amortization expense  843,299   78,571   921,870 
Impairment of goodwill  -   2,600,315   2,600,315 
Changes in operating assets and liabilities:            
Increase in deposits, prepayments and other receivables  (317,016)  (167,032)  (760,235)
Increase in inventories  (22,375)  -   (21,246)
Increase in deferred tax assets  (52,609)  -   (52,609)
Increase in accruals and other payables  305,074   173,159   554,885 
Net cash used in operating activities  (5,417,273)  (2,106,329)  (7,931,832)
             
INVESTING ACTIVITIES            
Acquisition of property and equipment  (2,931,838)  (229,723)  (2,975,767)
Acquisition of Intangible asset  (354,755)  -   (354,755)
Net cash inflow on acquisition of subsidiaries (Note 4)  -   897,453   897,453 
Net cash (used in)/provided by investing activities  (3,286,593)  667,730   (2,433,069)
             
FINANCING ACTIVITIES            
Subscription received  5,505,915       5,505,915 
Loan borrowings  3,730,113   3,155,839   7,116,045 
Capital stock issued for cash  -   -   49,365 
Net cash provided by financing activities  9,236,028   3,155,839   12,671,325 
             
Effect of foreign currency translation  96,355   52,928   92,289 
             
Net increase in cash and cash equivalents  628,517   1,770,168   2,398,713 
Cash and cash equivalents, beginning of year  1,770,196   28   - 
Cash and cash equivalents, end of year $2,398,713  $1,770,196  $2,398,713 
             
Supplemental cash flow disclosures:            
Cash paid for interest expense $-  $-  $- 
Cash paid for income taxes $-  $-  $- 
             
Major items for non-cash transaction:            
Issuance of shares in conversion of convertible promissory notes (Note 8) $16,366,944  $-  $16,366,944 
IP rights acquired by issuing common stock (Note 4) $6,782,000  $-  $6,782,000 

See accompanying notes to consolidated financial statements

F-23

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

1.Organization and nature of operations

Moxian, Inc. (formerly known as Moxian China, Inc., hereinafter referred as “Moxian,” together with its subsidiaries, the “Company”), was incorporated under the laws of the State of Nevada on October 12, 2010. The Company, through its subsidiaries and variable interest entity, engages in the business of operating a social network platform that integrates social media and business into one single platform.

On February 17, 2014, the Company incorporated Moxian CN Group Limited (“Moxian CN Samoa”) under the laws of Independent State of Samoa.

On February 21, 2014, the Company completed the acquisition of Moxian Group Limited (“Moxian BVI”) and its subsidiaries from Rebel Group, Inc., a Florida Corporation (“REBL”) pursuant to a License and Acquisition Agreement (the “License and Acquisition Agreement”).

Moxian BVI was incorporated on July 3, 2012 under the laws of British Virgin Islands. REBL owned 100% equity interests of Moxian BVI prior to the closing of the License and Acquisition Agreement, among the Company, Moxian BVI and REBL.

Moxian (Hong Kong) Limited (“Moxian HK”) was incorporated on January 18, 2013 and became Moxian BVI’s subsidiary since February 14, 2013. Moxian HK is currently engaged in the business of online social media. Moxian HK operates through two wholly-owned subsidiaries: Moxian Technologies (Shenzhen) Co., Ltd. (“Moxian Shenzhen”) and Moxian Malaysia SDN BHD (“Moxian Malaysia”).

Moxian Shenzhen was invested and wholly owned by Moxian HK. Moxian Shenzhen was incorporated on April 8, 2013 and was engaged in the business of internet technology, computer software, commercial information consulting

Moxian Malaysia was incorporated on March 1, 2013 and became Moxian HK’s subsidiary since April 2, 2013. Moxian Malaysia is conducting its business in IT services and media advertising industry.

Shenzhen Moyi Technologies Co., Ltd. (“Moyi”) was incorporated on July 19, 2013 under the laws of the People’s Republic of China and became a variable interest entity (“VIE”) of Moxian Shenzhen since July 15, 2014. Moxian Shenzhen controls Moyi through arrangement that absorbs operations risk, as if Moyi were a wholly-owned subsidiary of Moxian Shenzhen.

On January 30, 2015, the Company entered into an Equity Transfer Agreement (the “Equity Transfer Agreement,” such transaction, the “Equity Transfer Transaction”) with REBL, to acquire from REBL 100% of the equity interests of Moxian Intellectual Property Limited, a company incorporated under the laws of Samoa and a wholly-owned subsidiary of REBL (“Moxian IP Samoa”) for $6,782,000 (the “Moxian IP Samoa Purchase Price”). Moxian IP Samoa owns all the intellectual property rights relating to the operation, use and marketing of the Moxian Platform, including all of the trademarks, patents and copyrights that are used in the Company’s business. As a result of the Equity Transfer Transaction, Moxian IP Samoa became a wholly-owned subsidiary of the Company.

The accompanyingCompany is in the development stage as defined in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915. Among the disclosures required by FASB ASC 915 are that the Company’s audited consolidated financial statements be identified as those of a development stage company, and that the statements of earnings, retained earnings and stockholders’ equity and cash flows disclose activity since the date of the Company’s inception. The fiscal year end of the Company is September 30.

F-24

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

1.Organization and nature of operations (Continued)

The Company's audited consolidated financial statements have been prepared assumingpresented on the basis that the Company will continue asit is a going concern. As discussedconcern, which contemplates the realization of assets and the satisfaction of liabilities in Note 3the normal course of business. The Company has not generated significant revenue since inception and has never paid any dividends and is unlikely to pay dividends or generate significant earnings in the financial statements,immediate or foreseeable future. Since October 12, 2010 (inception), the Company has suffered a loss from operationsgenerated revenue of $139,992 and has incurred an accumulated deficit of $11,174,812.

The Company is dependent uponcurrently devoting its efforts to develop mobile application and online platform that facilitate the continued sale of its securities or obtaining debt financing for fundssmall to meet its cash requirements. These factors raise substantial doubt about the Companysmedium size businesses to attract more clients.  The Company’s ability to continue as a going concern.concern is dependent upon its ability to develop additional sources of capital, develop apps and websites, generate servicing income, and ultimately, achieve profitable operations. The accompanying audited consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

these uncertainties.

 

2.Restatement of Financial Statements

Weaver & Martin, LLC.

Kansas City, Missouri

March 28, 2011


F-2Subsequent to the preparation of the Company’s consolidated financial statements as of and for the year ended September 30, 2015, management identified errors in the Company’s previously issued consolidated financial statements. The Company has incorrectly accounted for : (i) the recognition of deferred tax assets derived from the net operating loss at the year ended September 30, 2015; (ii) the over accrued amortization of intangible assets for the year ended September 30, 2015; (iii) the overstated intangible assets and accruals and other payables as of September 30, 2015.


1)The Company recognized $1.46 million of deferred tax assets derived from the net operating loss at the year ended September 30, 2015 (See note 10). Management considered this amount was over accrued by $1.41 million according to their best estimation. As a result, the deferred tax assets would decrease $1.41 million as of September 30, 2015, the income tax expenses – deferred tax benefit would also decrease by $1.41 million and the net loss would increase by $1.41 million for the year ended September 30, 2015.

2)The Company identified that the amortization of intangible assets - Intellectual Property Rights was over accrued by $169,550 for the year ended September 30, 2015. As a result, the amortization of intangible assets would decrease $169,550 and the net loss would decrease by $169,550 for the year ended September 30, 2015.

3)Moreover, the Company identified that the cost for purchasing intangible assets was overstated by $173,177 as of September 30, 2015. As a result, the intangible assets would decrease $173,177 and accruals and other payables would decrease $173,177 as of September 30, 2015

F-25






SECURE NETCHECKINMOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEET


NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

 


 

 

 

April 30, 2011

(Unaudited)

December 31, 2010

(Audited)

 

ASSETS

 



 

 

CURRENT ASSETS

 



 

 

Cash

$

41

$

79

 

TOTAL CURRENT ASSETS

$

41

$

79

 

 

 



 

 

Deferred offering costs

$

6,760

$

6,760

 

Intellectual Property Software

$

3,169

$

3,169


TOTAL ASSETS

$

9,970

$

10,008

 

 

 



 

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 



 

 

CURRENT LIABILITIES

 



 

 

Accounts Payable

$

6,760

$

6,760

 

TOTAL CURRENT LIABILITIES

$

6,760

$

6,760

 

 

 



 

 

Commitments and contingencies (Notes 2, 4, 5, 6, 7, 8 and 9)

 



 

 

 

 



 

 

STOCKHOLDERS' EQUITY

 



 

 

Preferred stock, $0.001 par value, Authorized: 75,000,000 shares, Issued and outstanding: None

 



-

 

Common stock, $0.001 par value, Authorized: 425,000,000 shares, Issued and outstanding: 3,100,000 shares

3,100

$

3,100

 

Additional Paid in Capital

$

169

$

169


Deficit accumulated during the development stage

$

(59)

$

(21)

)

TOTAL STOCKHOLDERS' EQUITY

$

3,210

$

3,248

 

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY

$

9,970

$

10,008

 


(Stated in US Dollars)

2.Restatement of Financial Statements (Continued)

The accompanying notes are an integral partimpact of the restatement on the September 30, 2015 financial statements.statements is reflected in the following tables:


 CONSOLIDATED BALANCE SHEETS
  
   September 30, 2015 
   As Previously
Reported
  As Restated 
 Total current assets  4,937,210   3,479,750 
 Deferred tax assets (note 8)  1,457,460   52,609 
 Intangible assets (note 10)  6,603,912   6,600,285 
 Total Assets  14,482,684   13,074,206 
 Accruals and other payables  773,852   600,675 
 Total current liabilities  7,742,292   7,569,115 
 Total liabilities  7,742,292   7,569,115 
 Deficit accumulated during the development stage  (9,939,511)  (11,174,812)
 Total stockholders’ equity  6,740,392   5,505,091 
 Total liabilities and stockholders’ equity  14,482,684   13,074,206 

 CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME
  
      For the period from Inception 
   For the year Ended
September 30, 2015
  October 12, 2010 to
September 30, 2015
 
   As Previously Reported  As Restated  As Previously Reported  As Restated 
 Depreciation and Amortization expenses  1,012,849   843,299   1,091,420   921,870 
 Loss from operations  (6,398,063)  (6,228,513)  (11,423,128)  (11,253,578)
 Loss before income tax  (6,395,805)  (6,226,255)  (11,396,971)  (11,227,421)
 Income tax expenses  1,457,460   52,609   1,457,460   52,609 
 Net Loss  (4,938,345)  (6,173,646)  (9,939,511)  (11,174,812)
 Comprehensive loss  (4,876,615)  (6,111,916)  (9,824,852)  (11,060,153)
 Basic and diluted loss per common share  (0.02)  (0.03)        

F-26

F-3







SECURE NETCHECKINMOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

2.Restatement of Financial Statements (Continued)

CONSOLIDATED STATEMENTS OF CASH FLOW
              
   Year Ended
September 30, 2015
  For the period from Inception
October 12, 2010 to
September 30, 2015
 
   As Previously Reported  As Restated  As Previously Reported  As Restated 
 Net Loss  (4,938,345)  (6,173,646)  (9,939,511)  (11,174,812)
 Depreciation and Amortization expenses  1,012,849   843,299   1,091,420   921,870 
 Increase in deferred tax assets  (1,457,460)  (52,609)  (1,457,460)  (52,609)
 Increase in accruals and other payables  478,251   305,074   728,062   554,885 
 Net cash used in operating activities  (5,244,096)  (5,417,273)  (7,758,655)  (7,931,832)
 Acquisition of Intangible assets  (527,932)  (354,755)  (527,932)  (354,755)
 Net Cash used in investing activities  (3,459,770)  (3,286,593)  (2,606,246)  (2,433,069)

F-27



 

For the period from

For the period from

For the period form

 

January 1, 2011

October 12, 2010

October 12, 2010

 

To

(Inception) to

(Inception) to

 

April 30, 2011

December 31, 2010

April 30, 2011

REVENUE

$

0

$

0

$


 

 



 



EXPENSES

 



 



General and administrative

 



 



Bank Charges

$

38

$

21

$

59

Total Expenses

$

38

$

21

$

59

NET (LOSS)

$

(38)

$

(21)

$

(59)

 

 



 



NET LOSS PER SHARE

 



 



Basic and diluted

$

(0.00)

$

(0.00)

$

(0.00)


 



 



WEIGHTED AVERAGE NUMBER OF SHARES

 



 



Basic and diluted

 

3,100,000


3,100,000


3,100,000


The accompanying notes are an integral part of the financial statements.


F-4







SECURE NETCHECKINMOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY


NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE PERIOD OCTOBER 12, 2010 (INCEPTION) TO DECEMBER 31, 2010 (Audited)(Stated in US Dollars)

FOR THE FOUR MONTHS JANUARY 1, 2011 THROUGH APRIL 30, 2011 (Unaudited)

3.Summary of principal accounting policies









Deficit Accumulated





Common Stock

Additional

During the

Total



$0.001 Par Value

Paid-in

Development

Stockholders



Shares


Amount

Capital

Stage

Deficit

Balance ,October 12, 2010


0

$

0

$

0

$

0

$

0












Shares issued at $0.001 per share on October 12, 2010


3,100,000

$

3,100

$

169


-

$

3,269












Net Loss, period ended December 31, 2010


-






(21)

$

(21)

Balance, December 31, 2010


3,100,000

$

3,100

$

169

$

(21)

$

3,248












Net Loss, period January 1, 2011 to April 30, 2011


-


-


-


(38)

$

(38)

Balance, April 30, 2011


3,100,000

$

3,100

$

169

$

(59)

$

3,210


Basis of presentation


The accompanying notes are an integral partaudited consolidated financial statements of the financial statements.



F-5







SECURE NETCHECKIN INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF CASH FLOWS


 




 

For the

For the period from


 

Four Months

October 12, 2010

For the period from

 

Ended

(Inception) to

October 12, 2010


April 30, 2011

December 31, 2010

(Inception) to

 

(Unaudited)

(Audited)

April 30, 2011

CASH FLOWS FROM OPERATING ACTIVITIES:




 



Net (Loss)

$

(38)

$

(21)

$

(59)

Adjustments to reconcile net income (loss) to net cash used in operating activities:




 



(Increase) in deferred offering costs



$

(6,760)


(6,760)

Increase in accounts payable



$

6,760


6,760

NET CASH PROVIDED BY OPERATING ACTIVITIES

$

(38)

$

(21)

$

(59)

 




 



CASH FLOWS FROM FINANCING ACTIVITIES




 



Proceeds from sale of common stock



$

100

$

100

NET CASH PROVIDED BY FINANCING ACTIVITIES



$

100

$

100

 




 



INCREASE (DECREASE) IN CASH

$

(38)

$

79

$

41

 




 



CASH, BEGINNING OF PERIOD

$

79

$

0

$

0

 




 



CASH, END OF PERIOD

$

41

$

79


41

 




 



SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:




 



Interest paid

$

0

$

0

$

0

Income taxes paid

$

0

$

0

$

0

 

 



 



SUPPLEMENTAL NON-CASH TRANSACTIONS:

 



 



Intellectual property contributed for stock

$

0

$

3,169

$

3,169


The accompanying notes are an integral part of the financial statements.


F-6






SECURE NETCHECKIN INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS


DECEMBER 31, 2010 AND APRIL 30, 2011

NOTE 1 ORGANIZATION, BUSINESS OPERATIONS, AND BASIS OF PRESENTATION


The interim financial statements, for the four months ended April 30, 2011, included herein, presented in accordance with United States generally accepted accounting principles,Company have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (SEC).  Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America and reflect the activities of the following subsidiaries and VIE: Moxian CN Samoa, Moxian BVI, Moxian HK, Moxian Shenzhen, Moxian Malaysia, Moyi and Moxian IP Samoa. All material intercompany transactions and balances have been condensedeliminated in the consolidation.

In accordance with the interpretation of Generally Accepted Accounting Principles (GAAP), variable interest entities (VIEs) are generally entities that lack sufficient equity to finance their activities without additional financial support from other parties or omitted pursuant to such rules and regulations, althoughwhose equity holders lack adequate decision making ability. All VIEs with which the Company believesis involved must be evaluated to determine the primary beneficiary of the risks and rewards of the VIE. The primary beneficiary is required to consolidate the VIE for financial reporting purposes.

ASC 810 (Financial Accounting Standards Board (“FASB”) Interpretation Number (“FIN”) 46 (revised December 2003), “Consolidation of Variable Interest Entities, and Interpretation of ARB No. 51” (“FIN 46R”), addresses whether certain types of entities referred to as variable interest entities (“VIEs”), should be consolidated in a company’s audited consolidated financial statements. Pursuant to an Exclusive Business Cooperation Agreement by and between Moxian Shenzhen and Moyi, dated July 15, 2014, Moxian Shenzhen has the exclusive right to provide to Moyi technical and systems support, marketing consulting services, training for technical personnel and technical consulting services. As payment for these services, Moyi has agreed to pay Moxian Shenzhen a service fee equal to 100% Moyi’s pre-tax profit. In accordance with the provisions of ASC 810, the Company has determined that Moyi is a VIE of Moxian Shenzhen and that the disclosures are adequate to makeCompany is the information presented not misleading.


These statements reflect all adjustments, consisting of normal recurring adjustments, which, inprimary beneficiary, and accordingly, the opinion of management, are necessary for fair presentation of the information contained therein.  It is suggested that these interim financial statements be read in conjunction withof Moyi are consolidated into the financial statements of the Company for the year ended December 31, 2010.  The Company follows the same accounting policies in the preparation of interim reports.


Results of operations for the interim periods are not indicative of annual results


SECURE NetCheckIn Inc. (the "Company") was incorporated in the State of Nevada on October 12, 2010. The Company is a Development Stage Company as defined by Statement of Financial Accounting Standards ("SFAS") No. 7. The Company plans to offer a web-based back office scheduling and appointment management system for urgent care centers or physicians offices.


Company.

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESRevenue recognition


a) BasisRevenue are recognized when persuasive evidence of Presentation


The financial statementsan arrangement exists; delivery has occurred or services have been prepared on a going concern basis, which contemplatesrendered; the realizationprice is fixed or determinable; and collectability is reasonably assured.

F-28

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

 

In viewNOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

3.Summary of principal accounting policies (Continued)

Use of these matters, continuation as a going concern is dependent upon the continued   operations of the Company, which in turn is dependent upon the Company's ability to meet its financial requirements, raise additional capital, and the success of its future operations. The financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should the Company not continue as a going concern.estimates

 

The company plans to improve its financial condition through a public offering as described in Note 6. However, there is no assurance thatpreparation of the Company will be successful in accomplishing this objective. Management believes that this plan provides an opportunity for the Company to continue as a going concern.

b) Cash and Cash Equivalents


The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents.

c) Use of Estimates and Assumptions


The preparation ofaudited consolidated financial statements in conformity with accounting principles generally accepted in the United Statesaccounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosuredisclosures of contingent assets and liabilities at the date of the audited consolidated financial statements, and the reported amounts orof revenues and expenses during the reporting period. Actual results could differ from those estimates.

 

d) Fair Value of Financial Instruments


ASC Topic 820-10 requires disclosure of fair value information about financial instruments. Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of April 30, 2011.


F-7






The respective carrying value of certain on-balance-sheet financial instruments approximates their fair values. These  financial instruments include cash, stock subscriptions receivable, and accounts payable. Fair values were assumed to approximate carrying values for these financial instruments since they are short term in nature and their carrying amounts approximate fair value, or they are receivable or payable on demand.  See Note 8 for further details.Income taxes

 

e) Revenue Recognition


The Company utilizes FASB Accounting Standard Codification Topic 740 (“ASC 740”) “Income taxes” (formerly known as SFAS No. 109, "Accounting for Income Taxes"), which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the audited consolidated financial statements or tax returns. Under this method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of assets and liabilities and their financial reporting amounts at each period end based on enacted tax laws and statutory tax rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized.

ASC 740 “Income taxes” (formerly known as Interpretation No. 48,Accounting for Uncertainty in Income Taxes, an interpretation of Statement of Financial Accounting Standards No. 109 (“FIN 48”)) clarifies the accounting for uncertainty in tax positions. This interpretation requires that an entity recognizes in the financial statements the impact of a tax position, if that position is more likely than not of being sustained upon examination, based on the technical merits of the position. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company has elected to classify interest and penalties related to unrecognized tax benefits, if and when required, as part of income tax expense in the statements of operations. The adoption of ASC 740 did not generated any revenues since enteringhave a significant effect on the development stage.  Itconsolidated financial statements.

Cash and cash equivalents

The Company considers all short-term highly liquid investments that are readily convertible to known amounts of cash and have original maturities of three months or less to be cash equivalents.

Fair value of financial instruments

The carrying values of the Company’s financial instruments, including cash and cash equivalents, trade and other receivables, deposits, trade and other payables approximate their fair values due to the short-term maturity of such instruments. The carrying amounts of borrowings approximate their fair values because the applicable interest rates approximate current market rates.

F-29

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

3.Summary of principal accounting policies (Continued)

Earnings per share

Basic earnings per share is based on the Company's policyweighted average number of common shares outstanding during the period while the effects of potential common shares outstanding during the period are included in diluted earnings per share.  The average market price during the year is used to compute equivalent shares.

FASB Accounting Standard Codification Topic 260 (“ASC 260”), “Earnings Per Share,” requires that revenues willemployee equity share options, non-vested shares and similar equity instruments granted to employees be recognizedtreated as potential common shares in computing diluted earnings per share. Diluted earnings per share should be based on the actual number of options or shares granted and not yet forfeited, unless doing so would be anti-dilutive. The Company uses the “treasury stock” method for equity instruments granted in share-based payment transactions provided in ASC 260 to determine diluted earnings per share. Antidilutive securities represent potentially dilutive securities which are excluded from the computation of diluted earnings or loss per share as their impact was antidilutive.

Plant and equipment, net

Plant and equipment are recorded at cost less accumulated depreciation and impairment. Significant additions or improvements extending useful lives of assets are capitalized. Maintenance and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method over the estimated useful lives as follows:

Computers3 years
Office equipment3 years
Furniture and fixtures3 years
Leasehold improvementsShorter of estimated useful lives or term of lease

Business Combinations

The Company accounts for its business combinations using the purchase method of accounting in accordance with ASC Topic 605-10-25, "Revenue Recognition".805: Business Combinations. The purchase method accounting requires that the consideration transferred to be allocated to the assets, including separately identifiable assets and liabilities the Company acquired based on their estimated fair values. The consideration transferred of an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued as well as the contingent considerations and all contractual contingencies as of the acquisition date. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any non-controlling interests. The excess of (i) the total of cost of acquisition, fair value of the non-controlling interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree, is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized directly in the consolidated statements of comprehensive income.

F-30

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

3.Summary of principal accounting policies (Continued)

Business Combinations (Continued)

The determination and allocation of fair values to the identifiable assets acquired, liabilities assumed and non-controlling interests is based on various assumptions and valuation methodologies requiring considerable management judgment. The most significant variables in these valuations are discount rates, terminal values, the number of years on which to base the cash flow projections, as well as the assumptions and estimates used to determine the cash inflows and outflows. The Company determines discount rates to be used based on the risks inherent in the related activity’s current business model and industry comparisons. Terminal values are based on the expected life of assets, forecasted life cycle and forecasted cash flows over that period.

In a business combination achieved in stages, the Company re-measures its previously held equity interest in the acquiree at its acquisition-date fair value and recognizes the resulting gain or loss in earnings.

Goodwill

Goodwill represents the excess of purchase price over fair value of net assets acquired. Under ASC Topic 605-10-25, product revenues (or service revenues) are recognized when persuasive evidence of an arrangement exists, delivery has occurred (or service has been performed),350, Intangibles — Goodwill and Other, goodwill is not amortized but evaluated for impairment annually or whenever events or changes in circumstances indicate that the sales price is fixed and determinable, and collectability is reasonably assured.value may not be recoverable.

 

f) Stock-based Compensation


The Company records stock based compensationtests goodwill for impairment at the reporting unit level on an annual basis as of the fiscal year end, and between annual tests when an event occurs or circumstances change that could indicate that the asset might be impaired. Commencing in September 2011, in accordance with the FASB revised guidance in ASC Topic 718 which requireson “Testing of Goodwill for Impairment,” a company first has the Companyoption to recognize expense relatedassess qualitative factors to the fair value of its employee stock option awards.  This eliminates accounting for share-based compensation transactions using the intrinsic value and requires instead that such transactions be accounted for using a fair-value-based method. To date, the Company has not adopted a stock option plan and has not granted and stock options.

g) Income Taxes


The Company follows FASB Codification Topic 740-10-25 (ASC 740-10-25) for recording the provision for income taxes.  Deferred tax assets and liabilities are computed based upon the difference between the financial statement and income tax basis of assets and liabilities using the enacted marginal tax rate applicable when the related asset or liability is expected to be realized or settled.  Deferred income tax expenses or benefits are based on the changes in the asset or liability each period.  If available evidence suggests thatdetermine whether it is more likely than not that some portion or allthe fair value of a reporting unit is less than its carrying amount. If the deferred tax assetscompany decides, as a result of its qualitative assessment, that it is more-likely-than- not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is mandatory. Otherwise, no further testing is required. The quantitative impairment test consists of a two-step goodwill impairment test. The first step compares the fair value of each reporting unit to its carrying amount. If the fair value of each reporting unit exceeds its carrying amount, goodwill is not considered to be impaired and the second step will not be realized,required. If the carrying amount of a valuation allowance is required to reducereporting unit exceeds its fair value, the deferred tax assetssecond step compares the implied fair value of goodwill to the amount thatcarrying value of a reporting unit’s goodwill. The implied fair value of goodwill is more likely than notdetermined in a manner similar to be realized.  Future changes in such valuation allowance are includedaccounting for a business combination with the allocation of the assessed fair value determined in the provisionfirst step to the assets and liabilities of the reporting unit. The excess of the fair value of the reporting unit over the amounts assigned to the assets and liabilities is the implied fair value of goodwill. This allocation process is only performed for deferred income taxespurposes of evaluating goodwill impairment and does not result in an entry to adjust the value of any assets or liabilities. An impairment loss is recognized for any excess in the periodcarrying value of change.goodwill over the implied fair value of goodwill.


Deferred income taxes may arise from temporary differences resulting from income and expense items reported for financial accounting and tax purposes in different periods.  Deferred taxes are classified as current or non-current, depending onApplication of a goodwill impairment test requires significant management judgment, including the classificationidentification of reporting units, assigning assets and liabilities to which they relate.  Deferred taxes arising from temporary differences that are not relatedreporting units, assigning goodwill to an asset or liability are classified as current or non-current depending onreporting units, and determining the periodsfair value of each reporting unit. The judgment in whichestimating the temporary differences are expected to reverse.


fair value of reporting units includes estimating future cash flows, determining appropriate discount rates and making other assumptions. Changes in these estimates and assumptions could materially affect the determination of fair value for each reporting unit.

 

h) BasicIntangible assets

Intangible assets, comprising Intellectual property rights (“IP rights”) and Diluted Net Loss per Shareother intangible assets, which are separable from the fixed assets, are stated at cost less accumulated amortization. Amortization is computed using the straight-line method over the estimated useful lives of 10 years.


Comprehensive income

The Company computes net loss per share in accordance with has adopted FASB Accounting Standard Codification Topic 220 (“ASC Topic 260-10, "Earnings per Share". ASC Topic 260-10 requires presentation220”) “Comprehensive income” (formerly known as SFAS No. 130, “Reporting Comprehensive Income”), which establishes standards for reporting and display of both basiccomprehensive income, its components and diluted per share (EPS) onaccumulated balances. Accumulated other comprehensive income represents the faceaccumulated balance of foreign currency translation adjustments of the income statement. Basic EPS is computed by dividing net loss available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all potentially dilutive shares if their effect is anti-dilutive.  The Company had no dilutive common stock equivalents as of April 30, 2011.Company.


F-7Recent accounting pronouncements






i) Development Stage Company


Based on the Company's business plan, it is a development stage Company since planned principle operations have not yet commenced. Accordingly, the Company presents its financial statements in conformity with the accounting principles generally accepted in the United States of America that apply to developing enterprises. As a development stage enterprise, the Company discloses its retained earnings (or deficit accumulated) during the development stage and the cumulative statements of operations and cash flows from commencement of development stage to the current balance sheet date. The development stage began on October 12, 2010, when the Company was organized.


j) Concentrations


The Company is not currently a party to any financial instrumentshas considered all new accounting pronouncements and has concluded that potentially subject it to concentrations of credit risk.


k) Recent Pronouncements


There were various accounting standards and interpretations issued during 2010 or 2011, none of whichthere are expected tono new pronouncements that may have a material impact on the Company'sresults of operations, financial position, operations,condition, or cash flows.flows, based on current information.


F-31


MOXIAN, INC.

NOTE 3 - GOING CONCERN(A DEVELOPMENT STAGE COMPANY)


NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

4.Acquisitions

Acquisition of Moxian BVI

On February 21, 2014, the Company entered into a License and Acquisition Agreement (“License and Acquisition Agreement”) with REBL, whereby the Company (i) acquired all the equity interests of Moxian BVI, and (ii) obtained the license to use the intellectual property rights (as define below) of REBL. Pursuant to the License and Acquisition Agreement, REBL agreed to sell, convey, and transfer 100% of the equity interests of Moxian BVI to Moxian CN Samoa, a newly incorporated wholly-owned subsidiary of the Company, in cash consideration of an aggregate of $1,000,000. As a result, The Company began to consolidate Moxian BVI, together with its subsidiaries, Moxian HK, Moxian Shenzhen, and Moxian Malaysia’s financial statement on February 21, 2014.

Under the License and Acquisition Agreement, REBL also agreed to grant us the exclusive right to use REBL’s IP Rights in Mainland China, Malaysia, and other countries and regions where REBL conducts its business (the “Licensed Territory”), and the exclusive right to solicit, promote, distribute and sell REBL products and services in the Licensed Territory for five years (the “License”). In exchange for such License, the Company agreed to pay to REBL: (i) $1,000,000 as a license maintenance royalty each year commencing from the second year from the date of the agreement; and (ii) 3% of the gross profit of distribution and sale of REBL products and services as an earned royalty. Pursuant to the License and Acquisition Agreement, the Company has the right to acquire the new IP Rights that are developed by REBL and sub-license such rights to a third party. The Company also has the obligation to develop the social media market in the Licensed Territory of REBL products and services.

The accompanyingCompany accounted for the acquisition of Moxian BVI as business acquisition in accordance with ASC 805.

The valuations used in the purchase price allocation were determined by the Company with the assistance of an independent third party valuation firm with the income approach applied. The allocation of the consideration for assets acquired and liability assumed based on their fair value was as follows:

 Current assets    
 Cash and bank balances $897,453 
 Prepayments, deposits and other receivables  264,729 
 Inventory  1,129 
      
 Non-current assets    
 Property and equipment, net  176,116 
      
 Current liabilities    
 Other payables and accruals  (51,172)
 Loans  (2,888,570)
   $(1,600,315)
      
 Goodwill arising on acquisition:    
 Consideration transferred $1,000,000 
 Less: fair value of identifiable net assets acquired  (1,600,315)
   $2,600,315 
      
 Net cash inflow on acquisition of subsidiaries:    
 Consideration paid in cash $- 
 Less: cash and cash equivalent balances acquired  897,453 
   $897,453 

The excess of the purchase price over the assets acquired and liabilities assumed was recorded as goodwill. Goodwill primarily represents the expected synergies from combining operations of Moxian BVI with those of the Company, which are complementary to each other, and intangible assets that do not qualify for separate recognition. In accordance with ASC350, goodwill is not amortized but is tested for impairment and is not deductible for tax purposes.

Prior to the acquisition, Moxian BVI did not prepare its financial statements have been prepared assumingin accordance with US GAAP. The Company determined that the cost of reconstructing the financial statement of Moxian BVI for the periods prior to the acquisition outweighed the benefits. Based on a comparison of Moxian BVI’s and the Company’s financial performance for the fiscal year prior to the acquisition, the Company will continuedid not consider Moxian BVI on its own to be material to the Company. Thus the Company’s management believes that the presentation of pro forma financial information with respect to the results of operations of the Company for the business combination is impractical.

F-32

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

4.Acquisitions (Continued)

Acquisition of Moxian BVI (continued)

The changes in carrying value of goodwill by reportable segments for the years ended September 30, 2015 and 2014 are as a going concern.  follows: 

Goodwill
Balance as of September 30, 2013$-
Increase in goodwill related to acquisition2,600,315
Impairment losses(2,600,315)
Balance as of September 30, 2014$-
Balance as of September 30, 2015$-

5.Property and equipment, net

   As of 
   September 30, 2015  September 30, 2014 
          
 Computers $227,886  $213,600 
 Office equipment  2,129,199   68,623 
 Furniture and fixtures  22,752   32,011 
 Construction in progress  796,996   - 
 Leasehold improvements  193,225   156,101 
 Total property and equipment  3,370,058   470,335 
 Less:  Accumulated depreciation  (428,496)  (121,666)
 Total property and equipment, net $2,941,562  $348,669 

The depreciation expenses for the years ended September 30, 2015 and 2014 were $306,829 and $78,571, respectively.

6.Intangible assets

As of September 30, 2015 and 2014, the Company has incurredthe following amounts related to intangible assets:

    2015   2014 
 IP rights $6,782,000  $- 
 Other intangible assets  354,755   - 
    7,136,755  $- 
 Less: accumulated amortization  (536,470)  - 
 Net intangible assets $6,600,285  $- 

F-33

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

6.Intangible assets (Continued)

No significant residual value is estimated for these intangible assets. Aggregate amortization expense for the years ended September 30, 2015, and September 30, 2014, totaled $536,470 and nil, respectively. The following table represents the total estimated amortization of intangible assets for the five succeeding years:

 For the Year Ending September 30  Estimated Amortization Expense 
 2016 $854,200 
 2017  854,200 
 2018  826,312 
 2019  678,200 
 2020 and thereafter $3,387,373 

7.Loans from shareholders

The loans are made to Moxian HK, Moxian Shenzhen, Moyi, and Moxian Malaysia and are unsecured, interest free and will be due and payable in 12 months. Details of the loans are analyzed as follows:

   As of 
 Repayable September 30, 2015  September 30, 2014 
          
 Within 1 month $-  $- 
 1 to 3 months  -   - 
 More than 3 months but less than 12 months  1,462,525   6,151,932 
   $1,462,525  $6,151,932 

On May 4, 2015, Moxian Malaysia and Jet Key Limited (“Jet Key”), a net lossshareholder of ($21)the Company, entered into a loan agreement whereby Jet Key agreed to provide a loan to Moxian Malaysia in an aggregate of $122,144 without any interests and with a term of repayment of 12 months. 

On June 30, 2015, Moxian Shenzhen and Shenzhen Bayi Consulting Co. Ltd. (“Bayi”), a shareholder of the Company, entered into a loan agreement whereby Bayi agreed to provide a loan to Moxian Shenzhen in an aggregate of RMB6,100,000 (approximately $998,559) without any interests and with a term of repayment of 12 months, as previously disclosed in the Company’s Quarterly Report on Form 10-Q for the period from October 12, 2010 (inception)ending June 30, 2015, filed with the Securities and Exchange Commission on August 14, 2015.

On September 30, 2015, Moxian Shenzhen and Bayi entered into a loan agreement a loan agreement whereby Bayi agreed to December 31, 2010provide a loan to Moxian Shenzhen in an aggregate of RMB2,080,000 (approximately $332,480) without any interests and a net loss of ($38) for the period January 1, 2011 to April 30, 2011 for a total loss of ($59) for the period October 12, 2010 (Inception) to April 30, 2011.  The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its new business opportunities.  


The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital.  The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing.  There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.


The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.  These conditions raise substantial doubt about the Company's ability to continue as a going concern.  These financial statements do not include any adjustments that might arise from this uncertainty.


There has been no common stock activity from January 1, 2011 through April 30, 2011.


F-7






NOTE 4 - CAPITAL STOCK


Preferred Stock. The Company has authorized 75,000,000 shares of preferred stock with a par valueterm of $.001 per share. These shares may be issuedrepayment of 12 months.

F-34

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in series with such rights and preferences as may be determined by the Board of Directors. The Company has not issued any preferred shares as of April 30, 2011US Dollars)


Common Stock. The Company has authorized 425,000,000 shares of common stock with a par value of $.001 per share. As of April 30, 2011, there were 3,100,000 shares issued and outstanding.


On October 12, 2010, (inception), the Company issued 3,100,000 shares of common stock to the president and director of the Company at $.001 per share, in exchange for  $100 in cash and intellectual property valued at $3,169.  The intellectual property was valued at its historical costs.


NOTE 5 - INCOME TAXES


Deferred income taxes arise from temporary timing differences in the recognition of income and expenses for financial reporting and tax purposes. The Company's deferred tax assets consist entirely of the benefit from operating loss (NOL) carry forwards. The net operating loss carry forward, if not used, will expire in various years through 2028, and is severely restricted as per the Internal Revenue code, if there is a change in ownership. The Company's deferred tax assets are offset by a valuation allowance due to the uncertainty of the realization of the net operating loss carry forwards. Net operating loss carry forwards may be further limited by other provisions of the tax laws.


The Company's deferred tax assets, valuation allowance, and change in valuation allowance are as follows:


 

 

Estimated

 

 

 

Estimated

 

 

 

Change in

 

 

 

 

 

NOL Carry-

 

NOL

 

Tax Benefit

 

Valuation

 

Valuation

 

Net Tax

 

Period Ending:

 

Forward

 

Expires

 

from NOL

 

Allowance

 

Allowance

 

Benefit

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2010

 

 $

21

 

 

2030

 

 $

3

 

 $

(3

)

 $

(3

)

 

-

 


Income taxes at the statutory rate are reconciled to the Company's actual income taxes as follows:


Shareholders’ equity
8.

Income tax

(15.00)

%

Deferred income

15.00

%

Actual tax rate

0

%


F-7







NOTE 6 - RELATED PARTY TRANSACTIONS


The Company uses the offices of its President for its minimal office facility needs for no consideration. No provision for these costs has been provided since it has been determined that they are immaterial.  The President is working without compensation and has not accrued any compensation for her time associated with the beta test customer.


NOTE 7 - DEFERRED OFFERING COSTS


As of December 22, 2015, the number of total outstanding shares is 214,666,944 shares of Common Stock, par value $.001 per share (“Common Stock”) and nil share of Preferred Stock, par value $.001 per share (“Preferred Stock”).

As previously disclosed in the Quarterly Report on Form 10-Q for the period ended March 31, 20102015 filed with the Securities and Exchange Commission on May 15, 2015, the Company had incurred $6,760 related toentered into a proposed public offering of its securities. The Company has carried these costs as deferred offering costs in its financial statements. If the offering is successful, these costs will be charged against the proceeds. If the offering is unsuccessful, these costs will be expensed.


NOTE 8 FAIR VALUE MEASUREMENTS


The Company adopted ASC Topic 820-10 at the beginning of 2009 to measure the fair value of certain of its financial assets required to be measuredsubscription agreement (“Zhongtou Subscription Agreement”) with Zhongtou Huifeng Investment Management (Beijing) Co. Ltd. (“Zhongtou”) on a recurring basis.  The adoption of ASC Topic 820-10 did not impact the Companys financial condition or results of operations.  ASC Topic 820-10 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.  The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).  ASC Topic 820-10 defines fair value as the price that would be receivedApril 24, 2015, whereby we agreed to sell an assetaggregate of 8,169,000 shares of the Company’s Common Stock at a per share price of $1.00 for gross proceeds of $8,190,000 (approximately RMB50,000,000) and to issue to Zhongtou for no additional consideration a warrant (the “Warrant”) to purchase in the aggregate of 32,000,000 shares (“Warrant Shares”) of Common Stock at an exercise price of $2.00 per share, exercisable on or paidprior to transferJuly 31, 2015. On June 4, 2015, the Company and Zhongtou entered into a liabilityTermination Agreement to terminate the Zhongtou Subscription Agreement as Zhongtou’s principals have determined to make the investment described in the Zhongtou Subscription Agreement through a different entity, Beijing Xinhua Huifeng Equity Investment Center (Limited Partnership) (“Xinhua”).

On June 4, 2015, the Company and Xinhua entered into a new Subscription Agreement (“Xinhua Subscription Agreement”) on substantially the same terms as the Zhongtou Subscription Agreement (the “Transaction”). Pursuant to the Xinhua Subscription Agreement, if the Company fails to contract with 25,000 new paying merchants by September 30, 2016, the Company shall issue an orderly transaction between market participants onadditional number of shares of Common Stock to Xinhua, equal to 50% of the measurement date.  A fair value measurement assumesaccumulated number of Warrant Shares exercised and acquired by Xinhua as of September 30, 2016, for no additional consideration (“Make Good Provision”). The Make Good Provision will be available only if Xinhua has exercised the Warrant and acquired more than 16,000,000 Warrant Shares (the “Condition”). Further, the Company shall issue 4,000,000 shares of Common Stock to Xinhua for no additional consideration if the Company fails to publish its full working version of the Moxian mobile application version 2.0 by September 30, 2015, or if the Company fails to uplist to a national securities exchange in the U.S. by June 30, 2017. Xinhua shall also have the right to nominate (i) one member of the Company’s accounting department; and (ii) one member of the board of directors provided that the Condition has been met.

On August 13, 2015, Xinhua and the Company entered into an Amendment Agreement (the “Amendment Agreement”) to amend certain terms under the Xinhua Subscription Agreement between the Company and Xinhua dated June 4, 2015 to September 30, 2015. Pursuant to the Xinhua Subscription Agreement, the Company will issue 8,190,000 shares of the Company’s Common Stock to Xinhua for $8,190,000 and grant the warrant (the “Warrant”) to purchase up to 32,000,000 shares of the Company’s Common Stock on or before July 31, 2015 (the “Expiration Date”) (such transaction, the “Transaction”). Pursuant to sell the assetAmendment Agreement (the “First Amendment Agreement”), the closing date of the Transaction was extended to September 30, 2015 and the Expiration Date of the Warrant was extended to September 30, 2015. As of the date of this Annual Report, the Transaction has not closed yet and there are no shares or transferwarrants issued to Xinhua.

F-35

MOXIAN, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS

(Stated in US Dollars)

8.Shareholders’ equity (Continued)

On August 14, 2015, the liability occursCompany issued an aggregate of 8,584,944 shares of Common Stock to Ace Keen Limited, Jet Key Limited, Morolling International HK Limited, and Shenzhen Bayi Consulting Co., Ltd (the “Noteholders”) as a result of the conversion of $8,584,944 of convertible promissory notes held by the Noteholders at $1.00 per share.

On August 14, 2015, due to the VWAP of 30 trading day prior to August 14, 2015 is higher than $1.00, which triggered the clause of conversion under the convertible promissory note (the “Rebel Note”) in the principal market foramount of $7,782,000 issued to REBL dated January 30, 2015, the asset or liability.  The three levelsCompany provided a notice of conversion to REBL and elected to convert the amount of $3,891,000 under the Rebel Note into 3,891,000 shares of the fair value hierarchy under ASC Topic 820-10 are described below:Company’s Common Stock at the conversion price of $1.00.


Level 1  Valuations based on quoted prices in active markets for identical assets or liabilitiesOn September 30, 2015, the Company notified REBL that an entity hasit elected to cause it to convert the ability to access.


Level 2  Valuations based on quoted prices for similar assets and liabilities in active markets, quoted prices for identical assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full termremainder of the assets or liabilities.


Level 3  Valuations based on inputs that are supportable by little or no market activityRebel Note into 3,891,000 shares of Common Stock (“September Conversion”). After the August Conversion and that are significant toSeptember Conversion, the fair valueentire Rebel Note was converted into the total of 7,782,000 shares of the assetCommon Stock without any balance outstanding.

As of September 30, 2015, there were no warrants or liability.options outstanding to acquire any additional shares of Common Stock of the Company.


9.Earnings per share

   For the year ended
September 30,
 
   2015  2014 
          
 Net loss attributable to ordinary shareholders for computing basic and diluted net loss per ordinary share $(6,173,646) $(4,791,342)
          
 Weighted average number of common shares outstanding – Basic and diluted  199,996,173   198,300,000 
          
 Basic earnings per share $(0.03)  (0.02)
 Diluted earnings per share $(0.03)  (0.02)

The Company has no level 3 assets or liabilities.

F-36


The following table presents a reconciliation

MOXIAN, INC.

___________shares of all assetscommon stock

PROSPECTUS 

   , 2016

Axiom Capital Management Inc.Cuttone & Co., Inc.

Through and liabilities measured at fair value on a recurring basis asincluding            , 2016 (the 25th day after the date of December 31, 2010:



Level 1


Level 2


Level 3


Fair Value

Cash

$79






$79

Accounts payable

-


$6,760




$6,760










The following table presents a reconciliation of all assets and liabilities measured at fair value on a recurring basis as of April 30, 20111:



Level 1


Level 2


Level 3


Fair Value

Cash

$41






$41

Accounts payable

-


$6,760




$6,760










NOTE 9 - SUBSEQUENT EVENTS


The Companys Management has reviewed all material events through May 31, 2011 in accordance with ASC 855-10, and believes there are no material subsequent events to report.


F-7









Dealer Prospectus Delivery Obligation


Until __________,this prospectus), all dealers that effecteffecting transactions in these securities, whether or not participating in this Offering,offering, may be required to deliver a Prospectus.prospectus. This is in addition to the dealersa dealers’ obligation to deliver a Prospectusprospectus when acting as underwritersan underwriter and with respect to theiran unsold allotmentsallotment or subscriptions.membership.


35







PART II -

INFORMATION NOT REQUIRED IN PROSPECTUS


Item 13.Other Expenses of Issuance and Distribution


The following table sets forth the various expenses, all estimated costs and expenses payableof which will be borne by the Companyregistrant, in connection with the Offeringsale and distribution of the securities being registered, other than the underwriting discounts and commissions. All amounts shown are estimates except for the securities included in thisSEC registration statement:


SEC registration fee

 

$

21.00

 

Blue Sky fees and expenses

 

$

350.00

 

Printing and shipping expenses

 

$

100.00

 

Legal fees and expenses

 

$

25,750.00

 

Accounting fees and expenses

 

$

3,000.00

 

Transfer agent and miscellaneous expenses

 

$

529.00

 

Total

 

$

29,750.00

 


All expenses are estimated exceptfee and the SECFINRA filing fee.


SEC registration fee $5,156 
FINRA filing fee $* 
Accounting fees and expenses $* 
Legal fees and expenses $* 
Printing and Engraving $* 
Transfer agent and registrar fees $* 
Miscellaneous $* 

* To be provided by amendment.

Item 14.Indemnification of Directors and OfficersOfficers.


The Companys directors and executive officers are indemnified as provided byPursuant to Section 78.7502 of the Nevada Revised Statutes, and its Bylaws. These provisions state that certain persons (hereinafter called "lndemnitees") may be indemnified by a Nevada corporation pursuantwe have the power to the provisions of applicable law, namely,indemnify any person (or the heirs, executors or administrators of such person) who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the Company, by reason of the fact that suchthe person is or was a director, officer, employee or agent of suchthe corporation, or is or was serving at the request of suchthe corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise. The Company will indemnifyenterprise, against expenses, including attorneys’ fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by the Indemniteesperson in each and every situation whereconnection with the Company is obligated to make such indemnification pursuant toaction, suit or proceeding if the aforesaid statutory provisions. The Company will also indemnify the Indemnitees in each and every situation where, under the aforesaid statutory provisions, the Company is not obligated, but is nevertheless permitted or empowered, to make such indemnification. Before making such indemnification with respect to any situation covered under the foregoing sentence, the Company will make a determination as to whether each Indemniteeperson acted in good faith and in a manner such Indemniteewhich he or she reasonably believed to be in or not opposed to the best interests of the Company,corporation, and, in the case ofwith respect to any criminal action or proceeding, had no reasonable cause to believe that such Indemnitee'sthe conduct was unlawful. NoOur Articles of Incorporation and Bylaws provide that the registrant shall indemnify its directors and officers to the fullest extent permitted by the Nevada law.

With regard to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification shall be made (where not required by statute) unless it is determined that such Indemnitee actedagainst public policy as expressed in good faith and in a manner such Indemnitee reasonably believed to be in or not opposed to the best interests of the Company, and, in the case of any criminal action or proceeding, had no reasonable cause to believe that such Indemnitee's conduct was unlawful.


36







Item 15.Recent Sales Of Unregistered Securities.


In connection with the organization of the Company, the sole shareholder of the Company received 3,100,000 shares of Company common stock in exchange for her contribution of the Companys technology.  The 3,100,000 shares were issued in reliance on an exemption from registration under Section 4(2) of the Securities Act of 1933, as amended, and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by us of expenses incurred or paid by a director, officer or controlling person of the Corporation in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the common shares being registered, we will, unless in the opinion of our counsel the matter has been settled by a controlling precedent, submit to a court of appropriate jurisdiction the question of whether such indemnification by us is against public policy as expressed in the Securities Act of 1933, as amended, and will be governed by the final adjudication of such case.

II-1

Item 15.Recent Sales of Unregistered Securities.

The information below lists all of the securities sold by us during the past three years which were not registered under the Securities Act:

On October 31, 2014 and November 30, 2014, Moxian Shenzhen received RMB 630,000 (approximately $102,942) and RMB 90,000 (approximately $14,486), respectively, as loans (the Act:“MCL Shenzhen Loans”) from Moxian China Limited. The term of such loans is twelve months and they bear no interest. On December 31, 2014, the Company, Moxian China Limited and Moxian Shenzhen entered into a Loan Agreement, where the Company agreed to issue a convertible promissory note (the “Note”) to Moxian China Limited for the repayment of the MCL Shenzhen Loans.

On October 31, 2014 and November 30, 2014, Moxian Malaysia received a loan in the amount of MYR 118,800 (approximately $34,032) and MYR 23,100 (approximately $6,605), respectively, from Moxian China Limited (the “MCL Malaysia Loans”). TheseThe term of such loans is twelve months and they bear no interest. On December 31, 2014, the Company, Moxian China Limited and Moxian Malaysia entered into a Loan Agreement, where the Company agreed to issue a Note to Moxian China Limited for the repayment of the MCL Malaysia Loans.

On November 30, 2014, Moxian HK received HKD $500,000 (approximately $64,437) as a loan from Moxian China Limited (the “MCL HK Loan”). The term of such loan is twelve months and it bears no interest. On December 31, 2014, the Company, Moxian China Limited and Moxian HK entered into a Loan Agreement, where the Company agreed to issue a Note to Moxian China Limited for the repayment of the MCL HK Loan.

On January 30, 2015, we issued a convertible note in the principal amount of $7,782,000 to REBL for the acquisitions of Moxian IP Samoa and Moxian BVI.

On May 30, 2015, the Company, Moxian HK, and Jet Key entered into an Amended and Restated Loan Agreement (“Moxian HK- Jet Key Loan Agreement”) to document the total loan of $223,416 that Jet Key has advanced to Moxian HK in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $223,416 (“Moxian HK-Jet Key Note”) to Jet Key. Under the Moxian HK-Jet Key Note, all or any portion of the Moxian HK-Jet Key Note is convertible into shares of Common Stock of the Company at the conversion price equal to the purchase price of the securities sold in the Qualified Financing. If no Qualified Financing is consummated before the maturity date, Jet Key shall have the right to convert any and all of the Moxian HK-Jet Key Note into shares of Common Stock of the Company at the 20 day trading VWAP as reported by Bloomberg, L.P.

On May 30, 2015, the Company, Moxian HK, and Ace Keen entered into an Amended and Restated Loan Agreement (“Moxian HK-Ace Keen Loan Agreement”) to document the total loan of $761,379 that Ace Keen has advanced to Moxian HK in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $761,379 (“Moxian HK-Ace Keen Note”) to Ace Keen. Under the Moxian HK-Ace Keen Note, all or any portion of the Moxian HK-Ace Keen Note is convertible into Company’s Common Stock at a price equal to the purchase price of the securities sold in a qualified financing for gross proceeds of more than $5,000,000 (a “Qualified Financing”). If no Qualified Financing is consummated before the maturity date, Ace Keen shall have the right to convert any and all of the Moxian HK-Ace Keen Note into shares of Common Stock at the 20 day trading Volume Weighted Average Price (“VWAP”) as reported by Bloomberg, L.P.

On May 30, 2015, the Company, Moxian HK, and Moxian China Limited (“MCL”) entered into an Amended and Restated Loan Agreement (“Moxian HK-MCL Loan Agreement”) to document the total loan of $709,941 that MCL has advanced to Moxian HK in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $709,941 (“Moxian HK-MCL Note”) to MCL. Under the Moxian HK-MCL Note, all or any portion of the Moxian HK-MCL Note is convertible into shares of Common Stock of the Company at the conversion price equal to the purchase price of the securities sold in the Qualified Financing. If no Qualified Financing is consummated before the maturity date, MCL shall have the right to convert any and all of the Moxian HK-MCL Note into shares of Common Stock of the Company at the 20 day trading VWAP as reported by Bloomberg, L.P.

On May 30, 2015, the Company, Moxian Malaysia, and Ace Keen entered into an Amended and Restated Loan Agreement (“Moxian Malaysia-Ace Keen Loan Agreement”) to document the total loan of $228,937 that Ace Keen has advanced to Moxian Malaysia in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $228,937 (“Moxian Malaysia-Ace Keen Note”) to Ace Keen. Under the Moxian Malaysia-Ace Keen Note, all or any portion of the Moxian Malaysia-Ace Keen Note is convertible into Common Stock of the Company at the conversion price equal to the purchase price of the securities sold in the Qualified Financing. If no Qualified Financing is consummated before the maturity date, Ace Keen shall have the right to convert any and all of the Moxian Malaysia-Ace Keen Note into shares of Common Stock of the Company at the 20 day trading VWAP as reported by Bloomberg, L.P.

On May 30, 2015, the Company, Moxian Malaysia, and Morolling entered into an Amended and Restated Loan Agreement (“Moxian Malaysia-Morolling Loan Agreement”) to document the total loan of $765,768 that Morolling has advanced to Moxian Malaysia in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $765,768 (“Moxian Malaysia-Morolling Note”) to Morolling with no interest and a term of repayment of 12 months. Under the Moxian Malaysia-Morolling Note, all or any portion of the Moxian Malaysia-Morolling Note is convertible into shares of Common Stock of the Company at the conversion price equal to the purchase price of the securities sold in the Qualified Financing. If no Qualified Financing is consummated before the maturity date, Morolling shall have the right to convert any and all of the Moxian Malaysia-Morolling Note into shares of Common Stock of the Company at the 20 day trading VWAP as reported by Bloomberg, L.P.

II-2

On May 30, 2015, the Company, Moxian Malaysia, and MCL entered into an Amended and Restated Loan Agreement (“Moxian Malaysia-MCL Loan Agreement”) to document the total loan of $2,680,221 that MCL has advanced to Moxian Malaysia in different tranches by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $2,680,221 (“Moxian Malaysia-MCL Note”). Under the Moxian Malaysia-MCL Note, all or any portion of the Moxian Malaysia-MCL Note is convertible into shares of Common Stock of the Company at the conversion price equal to the purchase price of the securities sold in the Qualified Financing. If no Qualified Financing is consummated before the maturity date, MCL shall have the right to convert any and all of the Moxian Malaysia-MCL Note into shares of Common Stock of the Company at the 20 day trading VWAP as reported by Bloomberg, L.P.

On June 30, 2015, the Company, Moxian Shenzhen, and Shenzhen Bayi Consulting Co., Ltd (“Bayi”) entered into an Amended and Restated Loan Agreement to document the loan of $3,215,282 that Bayi has advanced to Moxian Shenzhen by May 30, 2015, and in exchange, the Company agreed to issue a 12-month convertible interest free promissory note of $3,215,282 (“Moxian Shenzhen-Bayi Note”). Under the Moxian Shenzhen-Bayi Note, all or any portion of the Moxian Shenzhen-Bayi Note is convertible into shares of Common Stock of the Company at the conversion price equal to the purchase price of the securities in the Qualified Financing. If no Qualified Financing is consummated before the maturity date, Bayi shall have the right to convert any and all of the Moxian Shenzhen-Bayi Note into shares of Common Stock of the Company at the 20 day trading VWAP as reported by Bloomberg, L.P.

The Notes issued to Moxian China Limited by the Company in consideration of the MCL Shenzhen Loans, the MCL Malaysia Loans and the MCL HK Loan are of substantially similar terms. The Notes will be due and payable in one year and bears no interest. Upon consummation of a financing that generates at least $5,000,000 by the Company (“Qualified Financing”), the Notes shall automatically convert into shares of the Company’s Common Stock at a conversion price equal to the price of the Company’s securities sold in the Qualified Financing. If no Qualified Financing is consummated prior to the maturity date of Notes and as long as there remains any outstanding principal or interest of the Notes, holders of the Notes shall have the option to convert the Notes within 30 days after the maturity date at a conversion price that is equal to the volume weighted average price of Common Stock during a 20-day trading period prior to the conversion of the Notes.

On August 14, 2015, the Company issued 8,584,944 shares of Common Stock to Moxian China Limited, Jet Key Limited, Ace Keen Limited, Morolling International HK Limited and Shenzhen Bayi Consulting Co Ltd as a result of the conversion of $8,584,944 of convertible promissory notes held by Moxian China Limited, Jet Key Limited, Ace Keen Limited, Morolling International HK Limited and Shenzhen Bayi Consulting Co Ltd at that moment at $1.00 per share.

On August 14, 2015, $3,981,000 of such note was converted into 3,891,000 shares of our common stock.

On September 30. 2015, we issued an additional 3,891,000 shares of our common stock qualifiedto REBL upon conversion of the remainder portion of the note.

On June 4, 2015, we agreed to sell Beijing Xinhua Huifeng Equity Investment Center (Limited Partnership) (“Xinhua”), an aggregate of 8,190,000 shares our common stock at a per share price of $1.00 for gross proceeds of $8,190,000 (approximately RMB50,000,000), and to issue to Xinhua, for no additional consideration, a warrant to purchase in the aggregate of 32,000,000 shares of our common stock at an exercise price of $2.00 per share, exercisable on or prior to July 31, 2015. The closing date of the transaction, and the expiration date of the warrant, were both extended to December 31, 2015. On February 28, 2016, the Company closed the transaction and issued 8,190,020 shares of the Company Common Stock to Xinhua for an aggregate purchase price of $8,190,020, or $1.00 per share, of which $5,505,915 was received by the Company in fiscal 2015.

The above issuances were made pursuant to the exemption underfrom registration contained in Section 4(2) of the Securities Act since the issuance of shares by us did not involve a public offering. The offering was not a "public offering," as defined in Section 4(2), due to the insubstantial number of persons involved in the deal, size of the offering, manner of the offering and number of shares offered. We did not undertake an offering in which we sold a high number of shares to a high number of investors. In addition, these individuals had the necessary investment intent as required by Section 4(2) since they agreed to and received share certificates bearing a legend stating that such shares are restricted pursuant to Rule 144 of the Act. This restriction ensures that these shares would not be immediately redistributed into the market and therefore not be part of a "public offering." Based on an analysis of the above factors, we have met the requirements to qualify for an exemptionand/or Regulation S promulgated under Section 4(2) of the Act for this transaction.


The foregoing sale to a director with superior access to all corporate and financial information of the Company was exempt from the registration requirements of the Securities Act on the basis that theas a transaction didby an issuer not involveinvolving a public offering.

 

II-3

Item 16.Exhibits and Financial Statement Schedules.Schedules.


(a)        The following exhibits are filed as part of this Registration Statement:

1.1

Exhibit No.

Description

Form of Underwriting Agreement*

3.1

Amended and

3.1Restated Articles of Incorporation

of the Company filed on May 2, 2011 (incorporated by reference herein to Exhibit 3.1 to the Company’s Registration Statement on Form S-1 filed with the SEC on May 9, 2011).

3.2

Bylaws

4.1

3.2

Specimen common stock certificate

Certificate of Amendment to the Company’s Articles of Incorporation filed on December 9, 2013 (incorporated by reference herein to Exhibit 3.1 to the Company’s Current Report on Form 8-K filed with the SEC on December 19, 2013).

5.1

3.3Bylaws (incorporated by reference herein to Exhibit 3.2 to the Company’s Registration Statement on Form S-1 filed with the SEC on March 30, 2011).
4.1Specimen Stock Certificate of Common Stock of Moxian, Inc. (incorporated by reference herein to Exhibit 4.1 to the Company’s Annual Report on Form 10-K filed with the SEC on December 22, 2015)
5.1Opinion of SeckLoeb & Associates LLC

Loeb LLP*

10.2

Subscription Agreement

23.1

10.1

Subscription Agreement dated as of April 24, 2015 by and between the Company and Zhongtou Huifeng Investment Management (Beijing) Co. Ltd. (incorporated by reference herein to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 15, 2015).
10.2Form of Termination Agreement dated as of June 4, 2015 by and between the Company and Zhongtou Huifeng Investment Management (Beijing) Co. Ltd. (incorporated by reference herein to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 14, 2015).
10.3Form of Subscription Agreement dated as of June 4, 2015 by and between the Company and Xinhua Huifeng Investment Center Co., Ltd. (Beijing). (incorporated by reference herein to Exhibit 10.3 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on July 14, 2015).
10.4Form of Amendment Agreement dated as of August 14, 2015 by and between the Company and Xinhua Huifeng Investment Center Co., Ltd. (Beijing) Co. Ltd.(incorporated by reference herein to Exhibit 10.12 to the Company’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 14, 2015)
10.5Form of Second Amendment Agreement dated as of December 16, 2015 by and between the Company and Xinhua Huifeng Investment Center Co., Ltd. (Beijing) Co. Ltd. (incorporated by reference herein to Exhibit 10.5 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 22, 2015)
10.6Loan Agreement dated May 4, 2015 by and between Jet Key Limited and Moxian Malaysia SDN. BHD. (incorporated by reference herein to Exhibit 10.6 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 22, 2015)
10.7Loan Agreement by and between the Moxian Technologies (Shenzhen) Co., Ltd., and Shenzhen Bayi Consulting Co. Ltd. dated June 30, 2015 (incorporated by reference herein to Exhibit 10.7 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 22, 2015)
10.8Loan Agreement by and between Moxian Technologies (Shenzhen) Co., Ltd., and Shenzhen Bayi Consulting Co. Ltd. dated September 30, 2015 (incorporated by reference herein to Exhibit 10.8 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 22, 2015)
10.9Exclusive Business Cooperation Agreement, dated July 15, 2014(incorporated by reference herein to Exhibit 10.3 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 31, 2014)

II-4

Attorney (included on signature page to this registration statement)
10.10Loan Agreement, dated July 15, 2014 (incorporated by reference herein to Exhibit 10.4 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 31, 2014)
10.11Share Pledge Agreement, dated July 15, 2014 (incorporated by reference herein to Exhibit 10.5 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 31, 2014)
10.12Exclusive Option Agreement, dated July 15, 2014 (incorporated by reference herein to Exhibit 10.7 to the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on December 31, 2014)
10.13Moxian Technologies (Shenzhen) Co., Ltd. Oracle Product Supply Contract, by and between Moxian Technologies (Shenzhen) Co., Ltd. and Guangzou SIE Consulting Co., Ltd., dated April 27, 2015 +
10.14Share Cancellation Agreement by and among Moxian, Inc, and each of Good Eastern Investments Holdings, Moxian China Limited and Stellar Elite Limited, dated February 22, 2016.
10.15Independent Director Agreement by and between Moxian, Inc and Yang Nan, dated January 1, 2016 *
10.16Independent Director Agreement by and between Moxian, Inc and Liew Kwong Yeow, dated January 1, 2016 *
10.17Lease Agreement by and between Moxian Technologies (Shenzhen) Co., Ltd. and Cai Bingquan, dated July 22, 2015+
10.18Lease Agreement by and between Shenzhen Moyi Technologies Co., Ltd. and Shenzhen Kingkey Banner Business Management Co., Ltd., dated September 1, 2011.+
10.19Lease Agreement by and between Moxian Malaysia SDN BHD and MVC Centrepoint South SDN BHD, dated April 18, 2013+
10.20Lease Agreement by and between Moxian Technologies (Beijing) Co., Ltd. and Beijing Zhongjia Real Estate Broker Co., Ltd., dated August 27, 2015+
10.21Director Agreement by and between Moxian, Inc and Hao Qing Hu, dated January 1, 2016*
10.22Employment Agreement by and between Moxian (Hong Kong) Limited and Mr. Luo Xiaoyuan, dated October 1, 2014, as amended on March 1, 2016
10.23[INTENTIONALLY OMITTED]
10.24Exclusive Partnership Agreement by and between Moxian, Inc. and Xinhua New Media Culture Communication Co. Ltd., dated January 20, 2016*
14.1Code of Ethics of Moxian, Inc. Applicable To Directors, Officers And Employees*
21Subsidiaries of Moxian ( incorporated by reference herein to the Company’s Annual Report on Form 10-K filed with the SEC on December 22, 2015)
23.1Consent of SeckDominic K.F. Chan & Associates LLC (see Exhibit 5.1)

Co.

23.2

23.2Consent of WeaverLoeb & Martin, LLC for useLoeb LLP (included in Exhibit 5.1)*
24Power of their report


*To be filed by amendment.
+Previously filed

II-5

Item 17.Undertakings.Undertakings


The undersigned registrant hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreement, certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser.

WeInsofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.

The undersigned registrant hereby undertake:undertakes that:


(1)          For purposes of determining any liability under the Securities Act of 1933, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective.

1.(2)          For the purpose of determining any liability under the Securities Act of 1933, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

(3)          To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:


(i)  Toto include any Prospectusprospectus required by Section 10(a)(3) of the Securities Act of 1933.Act;


(ii)  Toto reflect in the Prospectusprospectus any facts or events arising after the effective date of the Registration Statementregistration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement.registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of Prospectusprospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the Calculation"Calculation of Registration FeeFee" table in the effective Registration Statement;registration statement; and


(iii)  Toto include any additional or changed material information onwith respect to the plan of distribution.distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.


2.(4)          That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.


3.(5)          To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.


37






4. For determining any liability under the Securities Act of 1933:


(i) we shall treat the information omitted from the form of Prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in a form of Prospectus filed by us under Rule 424(b)(1) or (4) or 497(h) under the Securities Act as part of this registration statement as of the time the Commission declared it effective. For determining any liability under the Securities Act of 1933, we shall treat(6)          That, each post-effective amendment that contains a form of Prospectus as a new registration statement for the securities offered in the registration statement, and that offering of the securities at that time as the initial bona fide offering of those securities.


(ii) we shall treat each Prospectus filed by us pursuant to Rule 424(b)(3) as part of the registration statement as of the date the filed Prospectus was deemed part of and included in the registration statement. Each Prospectus required to beprospectus filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Securities Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of Prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the Prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that Prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided, however, that no statement made in a registration statement or Prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or Prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or Prospectus that was part of the registration statement or made in any such document immediately prior to such effective date; or


(iii) we shall treat each Prospectus filed pursuant to Rule 424 (b) as part of a registration statement relating to an offering, other than registration statementstatements relying on Rule 430B or other than Prospectusesprospectuses filed in reliance on ruleRule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or Prospectusprospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or Prospectusprospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or Prospectusprospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

6.

(7)          That, for the purpose of determining liability of the registrant under the Securities Act to any purchaser in the initial distribution of the securities, the undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

(i) Anyany preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;

(ii) Anyany free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

(iii) Thethe portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant.registrant; and

(iv) Anyany other communication that is an offer in the offering made by the undersigned to registrant to the purchaser.


II-6

38SIGNATURES







Insofar as indemnification for liabilities arising under the Securities Act may be permittedPursuant to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.


Signatures


In accordance with the requirements of the Securities Act of 1933, the registrantRegistrant certifies that it has reasonable grounds to believe that it meets all of the requirements offor filing on Form S-1/A and authorizedhas duly caused this registration statement or amendment thereto to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Overland Park, State of KansasShenzhen, Guangdong Province, China, on July 19, 2011.June 17, 2016.



SECURE NetCheckIn Inc.

MOXIAN, INC.

By: /s/ Brandi L. DeFoor

/s/ James Mengdong Tan

Name:James Mengdong Tan
Title:President and Chief Executive Officer


In accordancePOWER OF ATTORNEY

KNOWN ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints James Mengdong Tan his true and lawful attorney-in-fact, with full power of substitution and resubstitution for him and in his name, place and stead, in any and all capacities to sign any and all amendments (including post-effective amendments) to this registration statement (and to any registration statement filed pursuant to Rule 462 under the Securities Act of 1933, as amended), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, hereby ratifying and confirming all that said attorney-in-fact or his substitute, each acting alone, may lawfully do or cause to be done by virtue thereof.

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement washas been signed by the following persons in the capacities andheld on the dates stated.indicated.


SignatureTitle

SIGNATURE

TITLE

DATE

Date

/s/ Brandi L. DeFoor

James Mengdong Tan

President, Chief Executive Officer,

June 17, 2016
James Mengdong TanChief Financial Officer and Director (principal executive officer; principal financial
(Principal Executive Officer,
Principal Accounting and accounting officer)

Financial Officer)

July 19, 2011


/s/ Liew Kwong Yeow



Independent Director



June 17, 2016
 Liew Kwong Yeow
/s/ Hao Qing Hu DirectorJune 17, 2016
 Hao Qing Hu
/s/ Yang NanIndependent DirectorJune 17, 2016
Yang Nan
/s/ Ajay RajpalIndependent DirectorJune 17, 2016
Ajay Rajpal


39


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