Quarterly Report (10-q)

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

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

For the Quarterly Period Ended June 30, 2017

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

For the Transition Period From ________ to _________

Commission File Number 0-11730

NABUFIT GLOBAL, INC.

(Exact name of registrant as specified in its charter)

Delaware		841089377
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

626 East 1820 North
Orem, Utah		84097
(Address of principal executive offices)		(Zip Code)

801-592-3000
(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes þ Noo

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

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

Large accelerated filer o Accelerated filer o

Non-accelerated filer o (Do not check if a smaller reporting company)Smaller Reporting Company þ

Emerging growth company o

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

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

Yes o Noþ

As of August 11, 2017, the registrant had 1,031,461 shares of common stock, par value $0.0001, issued and outstanding.

NABUFIT GLOBAL, INC. AND SUBSIDIARIES

FORM 10-Q

TABLE OF CONTENTS

PART I — FINANCIAL INFORMATION

Item 1. Financial Statements		Page

	Condensed Consolidated Balance Sheets as of June 30, 2017 (Unaudited) and December 31, 2016	3

	Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2017 and 2016 (Unaudited)	4

	Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2017 and 2016 (Unaudited)	5

	Notes to Condensed Consolidated Financial Statements	6

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations		13


Item 3. Qualitative and Quantitative Disclosures About Market Risk		16

Item 4. Controls and Procedures		16

PART II — OTHER INFORMATION

Item 1. Legal Proceedings		17

Item 2. Unregistered Sales of Equity Securities		17

Item 3. Defaults upon Senior Securities		17

Item 4. Mine Safety Disclosures		17

Item 5. Other Information		17

Item 6. Exhibits		18

Signatures		19

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

NABUFIT GLOBAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30,	December 31,
	2017	2016
	(Unaudited)
ASSETS
Current Assets
Cash	`$166,293`	`$1,402,626`
Prepaid expenses and other current assets	`2,448,257`	`2,792,365`
Deposits	`13,893`	`14,528`
Total current assets	`2,628,443`	`4,209,519`

Total Assets	`$2,628,443`	`$4,209,519`

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities
Accounts payable	`$283,134`	`$264,089`
Accrued liabilities	`1,811,432`	`2,304,938`
Related party payables	`13,701`	`30,183`
Convertible notes payable net of debt discount	`353,077`	`-`
Derivative liabilities	`88,269`	`-`
Total current liabilities	`2,549,613`	`2,599,210`

Total Liabilities	`$2,549,613`	`$2,599,210`

Commitments and Contingencies	`-`	`-`

STOCKHOLDERS' EQUITY
Preferred stock, $0.0001 par value, 400,000 shares authorized; no shares issued and outstanding	`-`	`-`
Common stock $0.0001 par value, 100,000,000 shares authorized; 1,025,891 and 854,338 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively.	`103`	`85`
Additional paid-in capital	`6,728,270`	`6,055,755`
Accumulated deficit	`(6,675,120)`	`(4,411,001)`
Accumulated other comprehensive loss	`25,577`	`(34,530)`
Total stockholders' equity	`78,830`	`1,610,309`

Total Liabilities and Stockholders' Equity	`$2,628,443`	`$4,209,519`


See accompanying notes to the condensed consolidated financial statements

NABUFIT GLOBAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
AND COMPREHENSIVE INCOME (LOSS)
(Unaudited)

	For the Three Months Ended		For the Six Months Ended
	June 30,	June 30,	June 30,	June 30,
	2017	2016	2017	2016

Revenue	`$1,083`	`$-`	`$1,739`	`$-`

Operating Expenses:
Selling, general and administrative	`753,521`	`810,889`	`1,637,504`	`1,338,735`
Marketing	`272,883`	`-`	`534,773`	`-`
Total Operating Expenses	`1,026,404`	`810,889`	`2,172,277`	`1,338,735`

Loss from Operations	`(1,025,321)`	`(810,889)`	`(2,170,538)`	`(1,338,735)`

Other Income (Expense):
Interest income	`-`	`6`	`-`	`141`
Interest expense	`(91,682)`	`(19)`	`(112,646)`	`(36)`
Gain on derivative	`19,065`	`-`	`19065`	`-`
Total Other Income (Expense)	`(72,617)`	`(13)`	`(93,581)`	`105`

Net Loss	`$(1,097,938)`	`$(810,902)`	`$(2,264,119)`	`$(1,338,630)`

Net loss per common share - basic and diluted	`$(1.17)`	`$(1.25)`	`$(2.53)`	`$(2.06)`

Weighted average common shares outstanding - basic and diluted	`938,451`	`649,010`	`896,637`	`648,462`

Comprehensive Loss:
Net Loss	`$(1,097,938)`	`$(810,902)`	`$(2,264,119)`	`$(1,338,630)`
Other Comprehensive Income
Translation adjustments	`41,459`	`(4,746)`	`60,107`	`27,506`
Total Comprehensive Loss	`$(1,056,479)`	`$(815,648)`	`$(2,204,012)`	`$(1,311,124)`


See accompanying notes to the condensed consolidated financial statements

NABUFIT GLOBAL, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)

	For the Six Months Ended
	June 30,	June 30,
	2017	2016

Net loss	`$(2,264,119)`	`$(1,338,630)`
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation	`81,339`	`-`
Amorization of debt discount	`107,701`	`-`
Gain on derivative	`(19,065)`	`-`
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	`576,712`	`149,727`
Deposit	`1,877`	`(52,294)`
Accounts payable	`8,594`	`89,410`
Accrued liabilities	`(685,176)`	`95,118`
Other payables	`(27,626)`	`-`
Net Cash Used in Operating Activities	`(2,219,763)`	`(1,056,669)`

Cash Flows From Investing Activities
Net Cash Provided by Investing Activities	`-`	`-`

Cash Flows From Financing Activities
Proceeds from issuance of common stock for cash	`358,472`	`-`
Proceeds from issuance of convertible notes payable	`585,430`	`-`
Net Cash Provided by Financing Activities	`943,902`	`-`
Effect of exchange rate changes on cash	`39,528`	`27,419`

Net Change in Cash	`(1,236,333)`	`(1,029,250)`
Cash at Beginning of Period	`1,402,626`	`1,133,247`
Cash at End of Period	`$166,293`	`$103,997`

Noncash Investing and Financing Information:
Beneficial conversion features on convertible debt	`$106,751`	`$-`
Derivative liabilities on convertible debt	`88,269`	`-`
Conversion of notes payable to common stock	`145,034`	`-`
Shares of common stock issued for subscriptions	`-`	`1,383,726`

Supplemental Disclosures of Cash Flow Information:
Cash Paid for Interest	`$-`	`$36`
Cash Paid for Taxes	`-`	`-`


See accompanying notes to the condensed consolidated financial statements

NABUFIT GLOBAL, INC. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 — THE COMPANY AND BASIS OF PRESENTATION

Financial Statement Presentation — The accompanying condensed consolidated financial statements for NABUFIT Global, Inc. (“NABUFIT Global”) and its wholly-owned subsidiaries NABUFIT Global ApS (“NABUFIT Denmark”), NABUFIT China Limited (“NABUFIT China”) and NABUFIT IP ApS (“NABUFIT IP”) (collectively “NABUFIT,” “we”, or “the Company”) are presented in conformity with accounting principles generally accepted in the United States of America.

Nature of Operations — The Company designs, manufactures and markets the NABUFIT virtual training and fitness products and services, a state-of-the-art online fitness portal (“NABUFIT” or, the “Product”) with the option of connecting existing and future monitoring devices (wearables, etc.) to the Portal. The Product incorporates interaction and input through technology inputs and the option for personal data collection, coaching and teaching through mentor services.

Customers obtain access to the Portal through the purchase of monthly or annual memberships and the downloading of the software or mobile device application. The Product provides custom designed training plans, diet plans and access to mentors and coaching.

Through various technology inputs, the NABUFIT technology collects data and measures each exercise relatively to a set standard and past performances. Based on the data collection and registration in the Kinect® module the user will receive immediate feedback, e.g. as a percentage, a graphic or an emoticon depending on how well the exercise has been performed. This provides a unique quality assurance ensuring maximum effect of the training. The quick feedback will also reduce the risk of injuries and streamline time spent on training. Users can access training data, statistics and results online or through mobile device applications.

Membership of the portal will be divided into two levels – a basic membership and a VIP membership. The difference between the levels of membership will be primarily based upon the access to features and to mentors.

The portal also offers a social forum for its users, where users can interact with like-minded members and train with them virtually. Some people will experience increased motivation by being part of a group. The member can allow others to see all or part of his profile. The personal profiles of the members can be matched, so the portal will suggest network and training mates, and thereby helping to ensure the optimum composition. It will be possible to do real-time training with training mates by sharing the screen in a videoconference on the portal.

Reverse Stock Split

Effective June 27, 2017, the Company filed an Amended and Restated Certificate of Incorporation (“Restated Certificate”) with the Delaware Secretary of State whereby the Company effected a reverse stock split to reduce the number of shares of outstanding common stock at a rate of 1 share for every 30 shares of common stock then outstanding (“Reverse Split”). The approval of the Restated Certificate was approved by written consent of holders of a majority of the Company’s common stock. Each stockholder owning fewer than 30 shares of common stock immediately before the effective time of the Reverse Stock Split received from the Company $0.10 in cash, without interest, for each of such shares of common stock; and (b) each stockholder owning of record 30 or more shares of common stock immediately before the effective time of the Reverse Split held, after the Reverse Split, the number of shares of common stock equal to 1/30th of the number held prior to the Reverse Split. On June 28, 2017 the Company filed with the Securities and Exchange Commission (“SEC”), and the Company’s stockholders were furnished with a Definitive Information Statement filed on Schedule 14(c) to advise the stockholders of the corporate actions. All share and per-share amounts included in this report have been restated to reflect the 1 for 30 reverse stock split.

NOTE 2 – GOING CONCERN

The accompanying consolidated financial statements have been prepared with the recognition that there is considerable doubt about whether the Company can continue as a going concern. As shown in the accompanying condensed consolidated financial statements, the Company incurred a net loss of $2,264,119 for the six months ended June 30, 2017 and has an accumulated deficit of $6,675,120 at June 30, 2017. The Company also used cash in operating activities of $2,219,763 during the six months ended June 30, 2017. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

In order for us to continue as a going concern, we will need to obtain additional debt or equity financing. We are regularly and continually seeking additional funding from investors and from time to time we are in various stages of negotiations. Nonetheless, to date we have not accomplished a financing of the size needed to put the Company on a stable operating basis. There can be no assurance that we will be able to secure additional debt or equity financing, that we will be able to attain positive cash flow operations, or that, if we are successful in any of those actions, those actions will produce adequate cash flow to enable us to meet our future obligations. All of our existing financing arrangements are short-term. If we are unable to obtain additional debt or equity financing, we may be required to cease operations.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Interim Financial Information – The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and pursuant to the rules and regulations of the United States Securities and Exchange Commission. Accordingly, they are condensed and do not include all of the information and notes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included and are of a normal recurring nature. The results of operations for the six months ended June 30, 2017, may not be indicative of the results that may be expected for the year ending December 31, 2017.

These financial statements should be read in conjunction with the financial statements and notes thereto which are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016. The accounting policies set forth in those annual financial statements are the same as the accounting policies utilized in the preparation of these financial statements, except as modified for appropriate interim financial statement presentation.

Principles of Consolidation – The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America and include operations and balances of NABUFIT Global, Inc. and its wholly-owned subsidiaries NABUFIT Denmark, NABUFIT China and NABUFIT IP. Intercompany balances and transactions have been eliminated in consolidation. NABUFIT China and NABUFIT IP have been formed but have no activity to date.

Use of Estimates – 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Fair Value – The fair values of the Company’s financial assets and liabilities approximate their carrying amounts at the reporting date.

Foreign Currency Transactions and Translations – The functional currency of NABUFIT Denmark is the Danish Krone (DKK), the functional currency of NABUFIT China is the China Yuan Renminbi (CNY), and the functional currency of NABUFIT Global and the reporting currency is U.S. dollars (USD). The Company translates the assets and liabilities of NABUFIT Denmark and NABUFIT China from the functional currency to U.S. dollars at the appropriate spot rates as of the balance sheet date. Equity balances are translated using historical exchange rates. Changes in the carrying value of these assets and liabilities attributable to fluctuations in spot rates are recognized in foreign currency translation adjustment, a component of accumulated other comprehensive income. Income statement accounts are translated using the average exchange rate during the period.

Monetary assets and liabilities denominated in a currency that is different from the functional currency must first be remeasured from the applicable currency to the functional currency. The effect of this remeasurement process is recognized translation adjustments in our statement of comprehensive loss.

The Company had no foreign currency transaction gains or losses during the six months ended June 30, 2017.

Cash and Cash Equivalents – The balance in cash and cash equivalents consists of cash reserves held in bank accounts. The Company maintains cash balances in bank accounts that, at times, exceed federally insured limits. The Company has not experienced any losses in these accounts and believes it is not exposed to any significant risk with respect to cash.

Revenue Recognition – The Company recognizes revenue when persuasive evidence of an arrangement exists, performance of the service has occurred, the sales price charged is fixed or determinable, and collectability is reasonably assured. Revenue is net of taxes and discounts and is recorded on an accrual basis.

Software Development Costs – The Company expenses software development costs until the Company has a working business model for the software.

Income Taxes – The Company accounts for income taxes pursuant to Accounting Standards Codification (ASC) 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes. We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years.

All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

A valuation allowance is required to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits.

Derivatives – The Company has entered into convertible debt agreements whereby the related conversion features are derivatives. Therefore, the Company has calculated the fair value of these derivatives on the execution dates and has also recorded a gain on derivative for the change in fair value from the execution date to the reporting date.

The Company estimates fair values of derivative financial instruments using the Black-Scholes model, adjusted for the effect of dilution, because it embodies all of the requisite assumptions (including trading volatility, estimated terms, dilution and risk free rates) necessary to fair value these instruments. Estimating fair values of derivative financial instruments requires the development of significant and subjective estimates that may, and are likely to, change over the duration of the instrument with related changes in internal and external market factors. In addition, option-based techniques (such as Black-Scholes model) are highly volatile and sensitive to changes in the trading market price of our common stock.

Basic and Diluted Loss Per Share – Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving effect to potentially dilutive common stock equivalents. As of June 30, 2017, the Company had common stock equivalents of 190,308 shares outstanding related to the convertible notes payable.

New Accounting Pronouncements – The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

NOTE 4 – ACCRUED LIABILITIES

As of June 30, 2017 and December 31, 2016, the Company had accrued liabilities of $1,811,432 and $2,304,938, respectively. The accrued liabilities as of June 30, 2017 and December 31, 2016 consist mainly of $1,730,112 and $2,115,890 due over the next 18 months on an ambassador contract with Neymar that was entered into during the prior year.

NOTE 5 – CONVERTIBLE NOTES PAYABLE

	Balance as of June 30, 2017

March 23, 2017 convertible notes (4) payable for total cash proceeds of 1,000,000 DKK ($145,034 as of March 23, 2017). The notes bore no interest and matured on May 1, 2017 and automatically converted into 48,345 shares of the Company’s common stock at $3.00 per share, which shares were issued on 13 June 2017. The fair value of the stock on March 23, 2017 was $4.80 so the Company recognized a beneficial conversion feature and debt discount of $87,020. The discount is amortized over the term of the notes. The balance of the debt discount was $0 as of June 30, 2017.	$ -

May 9, 2017 convertible note payable of $58,000 to a third party at 9% interest and February 9, 2018 maturity date; principal and accrued interest is convertible at 65% of market value on the date of conversion; market value is calculated as the average of the 5 lowest close prices of the common stock during the previous 10 trading days; convertible into 22,222 shares at a conversion price of $2.61 as of the May 9, 2017 measurement date; convertible 180 days after the issue date until the maturity date. The Company recorded a derivative of $75,957 on May 9, 2017 due to the variable nature of the conversion price, as well as, a debt discount of $58,000 and a loss on derivative of $17,957. The discount is amortized over the term of the note. The derivative was remeasured on June 30, 2017, which resulted in a gain on derivative of $25,287. The balance of the debt discount was $47,072 as of June 30, 2017.	58,744

May 10, 2017 convertible note payable of $50,000 to a third party at 0% interest and November 9, 2017 maturity date; principal and accrued interest is convertible at $3.00 per share; however, if the Company provides more favorable terms or conversion price to another party, the terms and price on this agreement are adjusted to match the more favorable terms and price. As a result of the variability in the conversion price, the Company recorded a derivative of $49,334 on May 10, 2017 due to the variable nature of the conversion price, as well as, a debt discount of $50,000. The discount is amortized over the term of the note. The derivative was remeasured on June 30, 2017, which resulted in a gain on derivative of $11,735. The balance of the debt discount was $38,525 as of June 30, 2017. The full amount of the note is a loan commitment fee related to an equity purchase agreement; default interest of 24%; prepayment up to 180 days following issue date. $666 of the debt discount is for a beneficial conversion feature, which is the amount in excess of the derivative liability;	50,000

June 27, 2017 convertible note payable of 2,200,000 DKK ($331,325 at June 27, 2017) to a third party at 12% interest and an August 28, 2017 maturity date; upon conversion, principal and accrued interest is convertible at $2.75 per share into 174,924 shares. Cash proceeds were net of a loan origination fee of $33,133.	331,652
Total	440,396

Less debt discount	(108,000)
Add amortization of debt discount	20,681
Balance of convertible notes payable, net	353,077
Less current portion	353,077
Long-term convertible notes payable, net	$ -

NOTE 6 – DERIVATIVE LIABILITIES

The Company evaluated the terms of the convertible debt conversion features under the applicable accounting literature, including Derivatives and Hedging, ASC 815, and determined that certain features required separate accounting as derivatives. The derivatives were recorded as "derivative liabilities" on the condensed consolidated balance sheets and will be adjusted to reflect fair value at each reporting date. The total fair value of the derivative liabilities at issuance was $107,334. The fair value of the derivative liabilities at June 30, 2017 was $88,269. The Company recognized a gain of $19,065 for the three months ended June 30, 2017, which is presented as "gain on derivative" on the condensed consolidated statements of operations.

On May 9, 2017, the Company recorded a derivative liability of $75,957 on convertible debt due to the variable nature of the conversion price. The valuation was based on the Black-Scholes model. The Company recorded a loss on derivative of $17,957 since the value of the derivative was greater than the proceeds from the convertible note.

As of June 30, 2017, the derivative liability was remeasured at $50,670

. The details are as follows:

	May 9, 2017	June 30, 2017
Stock price at valuation date	`$5.10`	`$2.40`
Conversion price	`$2.61`	`$1.56`
Risk free rate	`1.07%`	`1.14%`
Volatility	`160.28%`	`148.43%`
Number of shares if converted	`22,222`	`37,656`
Value of derivative	`$75,957`	`$50,670`
Gain (loss) on derivative	`$(17,957)`	`$25,287`

On May 10, 2017, the Company recorded a derivative liability of $49,334 on convertible debt due to a round- down provision of the conversion price. The valuation was based on the Black-Scholes model. As of June 30, 2017, the derivative liability was valued at $37,599, which resulted in a gain on derivative of $11,735 for the three months ended June 30, 2017. The details are as follows:

	June 27, 2017	June 30, 2017
Stock price at valuation date	`$5.10`	`$2.40`
Conversion price	`$3.00`	`$1.56`
Risk free rate	`1.02%`	`1.05%`
Volatility	`160.26%`	`124.88%`
Number of shares if converted	`16,667`	`32,051`
Value of derivative	`$49,334`	`$37,599`
Gain on derivative	`$-`	`$11,735`

NOTE 7 – FAIR VALUE MEASUREMENTS

Assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

·Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

·Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

·Level 3: Pricing inputs that are generally unobservable and are supported by little or no market data.

Financial Assets Measured on a Recurring Basis

Financial assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The following table summarizes the valuation of our financial assets measured at fair value on a recurring basis as of June 30, 2017:

	Level 1	Level 2	Level 3	Total
Liabilities:
Derivative Liabilities	$ -	$ -	$ 88,269	$ 88,269

In accordance with U.S. GAAP, we use market prices and pricing models for fair value measurements of our derivative financial instruments.

NOTE 8 – SHAREHOLDERS’ EQUITY

We have authorized capital stock consisting of 100,000,000 shares of $0.0001 par value common stock and 400,000 shares of $0.0001 par value preferred stock. As of June 30, 2017 and December 31, 2016, we had 1,025,891 (post-reverse stock split) and 854,338 (post-reverse stock split) shares of common stock issued and outstanding, and no shares of preferred stock issued and outstanding.

During March 2017, the Company recorded a credit to additional paid-in capital of $87,020 for the beneficial conversion feature described in Note 5.

On April 3, 2017, the Company entered into a Common Stock Subscription Agreement with LF Investments ApS for the purchase of 71,667 post-reverse split shares at the price of $3.00 per share for $215,000.

On May 1, 2017, the Company entered into a Common Stock Subscription Agreement with Hans Kjaer Holding A/S for the purchase of 47,824 post-reverse split shares at the price of $3.00 per share for $143,472.

On May 9, 2017, the Company issued 48,345 post-reverse split shares at $3.00 per share to settle the convertible notes payable of $145,034.

Total share-based compensation of $81,334 was recognized during the six months ended June 30, 2017. As of June 30, 2017, the Company had no unrecognized share-based compensation.

NOTE 9 – RELATED PARTY TRANSACTIONS

As of June 30, 2017 and December 31, 2016, the Company had related party payables of $13,701 and $30,183 to its CEO and Board Chairman for expenses related to the operation of the business. These payables are due on demand with no interest.

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

Results of Operations

The following discussion is intended to assist you in understanding our results of operations and our present financial condition. Our condensed financial statements and the accompanying notes included in this quarterly report on Form 10-Q contain additional information that should be referred to when reviewing this material.

Forward-Looking Information and Cautionary Statements

This quarterly report contains forward-looking statements as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. Such statements are based on currently available financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include, but are not limited to, market factors, market prices and marketing activity, future revenues and costs, unsettled political conditions, civil unrest and governmental actions, foreign currency fluctuations, and environmental and labor laws and other factors detailed herein and in our other filings with the U.S. Securities and Exchange Commission (the “Commission”) filings. Additional factors that may cause actual results, our performance or achievements, or industry results, to differ materially from those contemplated by such forward-looking statements include without limitation:

·our ability to raise capital when needed and on acceptable terms and conditions;

·our ability to identify and acquire a viable operating business;

·our ability to attract and retain management, and to integrate and maintain technical information and management information systems;

·the intensity of competition; and

·general economic conditions.

Forward-looking statements are predictions and not guarantees of future performance or events. Forward-looking statements are based on current industry, financial and economic information, which we have assessed but which by its nature, is dynamic and subject to rapid and possibly abrupt changes. Our actual results could differ materially from those stated or implied by such forward-looking statements due to risks and uncertainties associated with our business. We hereby qualify all our forward-looking statements by these cautionary statements. These forward-looking statements speak only as of their dates and should not be unduly relied upon. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise (other than pursuant to reporting obligations imposed on registrants pursuant to the Securities Exchange Act of 1934) to reflect subsequent events or circumstances. All written and oral forward-looking statements made in connection with this Quarterly Report on Form 10-Q that are attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. Given the uncertainties that surround such statements, you are cautioned not to place undue reliance on such forward-looking statements.

Executive Summary

To date, the Company’s focus has been on the development of its website portal and products. The Company recognized $1,739 of income since inception.

Critical Accounting Policies and Estimates

Certain accounting policies are considered by management to be critical to an understanding of our condensed consolidated financial statements. Their application requires significant management judgment, with financial reporting results relying on estimates about the effect of matters that are inherently uncertain. A summary of critical accounting policies can be found in our Form 10-K for the year ended December 31, 2016. For all of these policies, management cautions that future results rarely develop exactly as forecasted, and the best estimates routinely require modification.

Results of Operations

During the three months ended June 30, 2017, the Company had a net loss of $1,097,938 compared to a net loss of $810,902 for the three months ended June 30, 2016. The increase was mainly due to expenses related to the engagement of brand ambassadors, development of the NABUFIT brand and website, investor relations expenses and increased salary costs. The Company began generating revenue but slower than anticipated. Revenue was $1,083 for the three months ended June 30, 2017.

During the six months ended June 30, 2017, the Company had a net loss of $2,264,119 compared to a net loss of $1,338,630 for the six months ended June 30, 2016. The increase was mainly due to expenses related to the engagement of brand ambassadors, development of the NABUFIT brand and website, investor relations expenses and increased salary costs. The Company began generating revenue but slower than anticipated. Revenue was $1,739 for the six months ended June 30, 2017.

Operating expenses consist mainly of employee salaries and benefits, consulting fees related to the development of the app and website, costs related to the acquisition of brand ambassadors, professional trainers and sports stars, stock based compensation and professional fees. We expect operating expenses to be at similar levels the rest of the year.

Liquidity and Capital Resources

Since NABUFIT Denmark’s inception in June 2015, it has incurred significant net losses and negative cash flows from operations. During the three and six months ended June 30, 2017, we had a net loss of $1,097,938 and $2,264,119, respectively. For the six months ended June 30, 2017 we used net cash in operating activities of $2,219,763. At June 30, 2017, we had working capital of $78,830 and an accumulated deficit of $6,675,120.

We could potentially use our available financial resources sooner than we currently expect, and we may incur additional indebtedness to meet future financing needs. Adequate additional funding may not be available to us on acceptable terms or at all. In addition, although we anticipate being able to obtain additional financing through non-dilutive means, we may be unable to do so. Our failure to raise capital as and when needed could have significant negative consequences for our business, financial condition and results of operations. Our future capital requirements and the adequacy of available funds will depend on many factors, including those set forth in the section titled “Risk Factors” noted in the previously filed Form 10-K.

The following table summarizes our cash flows for the six months ended June 30, 2017:

Cash used in operating activities			$ (2,219,763)
Cash used in investing activities			-
Cash provided by financing activities			943,902
Effect of exchange rate changes on cash			39,528
Net decrease in cash			$ (1,236,333)

Number of Employees

As of June 30, 2017, the Company had 14 full-time employees.

Disclosure of Contractual Obligations

On September 1, 2016 the Company entered into an agreement with NR Sports/LX Sports Marketing relating to certain brand promotion and other services. This agreement obligates the Company to provide payments of 2,500,000 EUR paid in 500,000 EUR increments every six months, additional guaranteed payments of up to 500,000 EUR, 2% of subscriptions, 2% of turnover and 50% of workouts purchased. This contractual obligation could have a negative effect on the ability of the Company to achieve profitability and continue as a going concern.

Off-Balance Sheet Financing Arrangements

The Company had no off-balance sheet financing arrangements at June 30, 2017 and December 31, 2016.

General

The Company’s Financial Statements are prepared in accordance with U.S. generally accepted accounting principles, which require management to make estimates, judgments and assumptions that affect the reported amounts of assets, liabilities, net revenue, if any, and expenses, and the disclosure of contingent assets and liabilities. Management bases its estimates on historical experience and on various other assumptions that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Senior management has discussed the development, selection and disclosure of these estimates with the Board of Directors. Management believes that the accounting estimates employed and the resulting balances are reasonable; however, actual results may differ from these estimates under different assumptions or conditions. An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, if different estimates reasonably could have been used, or if changes in the estimate that are reasonably possible could materially impact the financial statements. Management believes the following critical accounting policies reflect the significant estimates and assumptions used in the preparation of the Financial Statements.

New Accounting Pronouncements

The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

Item 3. Qualitative and Quantitative Disclosures About Market Risk

As a Smaller Reporting Company as defined by Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore are not required to provide the information requested by this Item.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

Our management, under the supervision and with the participation of our President, evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act.”)) and based upon this evaluation concluded that as of June 30, 2017, our disclosure controls and procedures were not effective in ensuring that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is (i) recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms and (ii) accumulated and communicated to our management, including our principal executive and financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting

None.

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

The Company had no legal proceedings as of June 30, 2017.

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

ITEM 3. Defaults Upon Senior Securities

None.

ITEM 4. Mine Safety Disclosures

Not applicable.

ITEM 5. Other Information

None.

Item 6. Exhibits

Exhibits. The following exhibits are included as part of this report:

EXHIBIT NO DESCRIPTION AND METHOD OF FILING

10.1	Securities Purchase Agreement dated May 9, 2017 (incorporated by reference as Exhibit 10.1 to Form 8-K filed on May 24, 2017)

10.2	Convertible Promissory Note dated May 9, 2017 (incorporated by reference as Exhibit 10.2 to Form 8-K filed on May 24, 2017).

10.3	Equity Purchase Agreement dated May 9, 2017 (incorporated by reference as Exhibit 10.1 to Form 8-K filed on May 22, 2017).

10.4	Registration Rights Agreement dated May 9, 2017 (incorporated by reference as Exhibit 10.2 to Form 8-K filed on May 22, 2017).

10.5	Convertible Promissory Note dated June 27, 2017 with MEMP Aps

10.6	Amendment to Convertible Note dated August 14 ,2017

10.7	Common Stock Subscription Agreement dated March 23, 2017 with LF Investments ApS

10.8	Common Stock Subscription Agreement dated March23, 2017 with Hans Kjaer Holding A/S

31.1	Certification of Principal Executive Officer of Registrant pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a))

31.2	Certification of Principal Financial Officer of Registrant pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Rule 13a-14(a) or Rule 15d-14(a))

32.1	Certification of Principal Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2	Certification of Principal Financial Officer pursuant to 18 U.S.C. 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

NABUFIT GLOBAL, INC.

Date:	August 21, 2017		By:	/s/ Brian Mertz
				Brian Mertz, Chief Executive Officer

Date:	August 21, 2017		By:	/s/ Robert K Bench
				Robert K Bench, Principal Financial Officer

NEITHER THE ISSUANCE NOR SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT.

Principal Amount: US$331.325 (DKK 2,200,000) Issue Date: 27 June 2017

CONVERTIBLE PROMISSORY NOTE

FOR VALUE RECEIVED, NABUFIT GLOBAL, INC., a Delaware corporation (hereinafter called the “Borrower”), hereby promises to pay to the order of MEMP ApS, a Danish company, or registered assigns (the “Holder”) the principal sum of US$331,325 (DKK2,200,000) (the “Principal Amount”), at maturity or upon acceleration or otherwise, as set forth herein (the “Note”). The maturity date shall be 25 August 2017 (the “Maturity Date”), and is the date upon which the principal sum, as well as any accrued and unpaid interest and other fees, shall be due and payable. Borrower will pay a loan origination fee of US$33,133, which will reduce the net amount advanced to Borrower to US$298,192 (DKK1,980,000) (the “Net Amount”). This Note shall bear interest, on the Principal Amount, at the rate of one percent (1%) per month. All payments due hereunder (to the extent not converted into the Borrower’s common stock (the “Common Stock”) in accordance with the terms hereof) shall be made in lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of this Note. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a business day, the same shall instead be due on the next succeeding day which is a business day and, in the case of any interest payment date which is not the date on which this Note is paid in full, the extension of the due date thereof shall not be considered for purposes of determining the amount of interest due on such date. As used in this Note, the term “business day” shall mean any day other than a Saturday, Sunday or a day on which commercial banks remain closed.

The following additional terms shall also apply to this Note:

ARTICLE I. CONVERSION RIGHTS

0.1Conversion Right and Conversion Price. At any time prior to the Maturity Date, Holder shall have the right to convert all or any part of the outstanding and unpaid Net Amount and accrued and unpaid interest of this Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price of US$0.10 per share (the “Conversion Price”).

0.2Method of Conversion.

(a)Mechanics of Conversion. Subject to Section 1.1, this Note may be converted by the Holder in whole or in part at any time, by submitting to the Borrower a Notice of Conversion by facsimile, e-mail (or other reasonable means of communication). Upon the Maturity Date, any outstanding amounts due under the Note shall be deemed to be automatically converted.

(b)Delivery of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section 1.2, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the Common Stock issuable upon such conversion within three (3) business days after such receipt (the “Deadline”) (and, solely in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with the terms hereof.

0.3Concerning the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless (i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to Rule 144 under the Act (or a successor rule) (“Rule 144”). Except as otherwise provided (and subject to the removal provisions set forth below), until such time as the shares of Common Stock issuable upon conversion of this Note have been registered under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately sold, each certificate for shares of Common Stock issuable upon conversion of this Note that has not been so included in an effective registration statement or that has not been sold pursuant to an effective registration statement or an exemption that permits removal of the legend, shall bear a legend substantially in the following form, as appropriate:

“NEITHER THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

The legend set forth above shall be removed and the Borrower shall issue to the Holder a new certificate therefore free of any transfer legend if (i) the Borrower or its transfer agent shall have received an opinion of counsel, in form, substance and scope customary for opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Common Stock may be made

without registration under the Act, which opinion shall be accepted by the Borrower so that the sale or transfer is effected or (ii) in the case of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an effective registration statement filed under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities as of a particular date that can then be immediately sold. In the event that the Borrower does not accept the opinion of counsel provided by the Holder with respect to the transfer of Securities pursuant to an exemption from registration, such as Rule 144 or Regulation S, at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

ARTICLE II. CERTAIN COVENANTS

0.1Restriction on Stock Repurchases. So long as the Borrower shall have any obligation under this Note, the Borrower shall not without the Holder’s written consent redeem, repurchase or otherwise acquire (whether for cash or in exchange for property or other securities or otherwise) in any one transaction or series of related transactions any shares of capital stock of the Borrower or any warrants, rights or options to purchase or acquire any such shares.

ARTICLE III. EVENTS OF DEFAULT

If any of the following events of default (each, an “Event of Default”) shall occur:

0.1Failure to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether at maturity, upon acceleration or otherwise, and such breach continues for a period of five (5) days.

0.2Breach of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this Note and any collateral documents and such breach continues for a period of three (3) days after written notice thereof to the Borrower from the Holder or after five (5) days after the Borrower should have been aware of the breach.

0.3Breach of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement or certificate given in writing pursuant hereto or in connection herewith, shall be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have) a material adverse effect on the rights of the Holder with respect to this Note.

0.4Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such a receiver or trustee shall otherwise be appointed.

0.5Judgments. Any money judgment, writ or similar process shall be entered or filed against the Borrower or any subsidiary of the Borrower or any of its property or other assets for more than $100,000, and shall remain unvacated, unbonded or unstayed for a period of ten (10) days unless otherwise consented to by the Holder, which consent will not be unreasonably withheld.

0.6Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation

proceedings or other proceedings, voluntary or involuntary, for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the Borrower.

0.7Delisting of Common Stock. The Borrower shall fail to maintain the listing or quotation of the Common Stock on the OTCQB or an equivalent replacement exchange.

0.8Failure to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act (including but not limited to becoming delinquent in its filings), and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

0.9Liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

ARTICLE IV. MISCELLANEOUS

0.1Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative to, and not exclusive of, any rights or remedies otherwise available.

0.2Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted by hand delivery, telegram, facsimile, or electronic mail addressed as set forth below or to such other address as such party shall have specified most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery, upon electronic mail delivery, or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for such communications shall be:

If to the Borrower, to:

NABUFIT Globel, Inc.

626 East 1820 North

Orem, Utah 84097

Bobbench@nabufit.com

If to the Holder:

Memp ApS

Transformervej 19

2860 Soborg

CVR-number 10.06.11.64

0.3Amendments. This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument as originally executed, or if later amended or supplemented, then as so amended or supplemented.

0.4Cost of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection, including reasonable attorneys’ fees.

0.5Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of Utah without regard to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note shall be brought only in the state and/or federal courts of Salt Lake County, Utah.

IN WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer this 27 June 2017.

NABUFIT GLOBAL, INC.

By:

Name: Brian Mertz

Title: CEO

EXHIBIT A -- NOTICE OF CONVERSION

The undersigned hereby elects to convert $ principal amount of the Note (defined below) into that number of shares of Common Stock to be issued pursuant to the conversion of the Note (“Common Stock”) as set forth below, of NABUFIT Global, Inc., a Delaware corporation (the “Borrower”) according to the conditions of the convertible note of the Borrower dated as of June 27, 2017 (the “Note”), as of the date written below. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.

Box Checked as to applicable instructions:

[ ] The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).

Name of DTC Prime Broker: Account Number:

[ ] The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately below or, if additional space is necessary, on an attachment hereto:

Memp ApS

Transformervej 19

2860 Soborg

CVR-number 10.06.11.64

Date of Conversion:

Applicable Conversion Price:

Number of Shares of Common Stock to be Issued

Pursuant to Conversion of the Notes:

Amount of Principal Balance Due remaining Under the Note after this conversion:

MEMP ApS

By:

Name:

Title:

Date:

AMENDMENT TO CONVERTIBLE PROMISSORY NOTE

This Amendment to Convertible Promissory Note (this “Amendment”) is made as of August 11, 2017 by and between Nabufit Global, Inc., a Delaware corporation (the “Borrower”) and MEMP, ApS, a Danish Company (the “Holder”) to amend that certain Convertible Promissory Note dated June 27, 2017 (the “Note”). Capitalized terms used but not otherwise defined in this Amendment shall have the meanings given to them in the Note.

WHEREAS, Section 4.3 of the Note provides that the Note may be amended only by the written consent of Borrower and the Holder; and

WHEREAS, Borrower and the Holder, desire to amend the Note as set forth in this Amendment.

NOW, THEREFORE, in consideration of the foregoing, the covenants set forth below and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower and Holder hereby agree as follows:

1. Amendments. Article I Section 1.1 Conversion Right and Conversion Price is amended as follows:

Conversion Right and Conversion Price. At any time prior to the Maturity Date, Holder shall have the right to convert all or any part of the outstanding and unpaid Net Amount and accrued and unpaid interest of this Note into fully paid and non-assessable shares of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which such Common Stock shall hereafter be changed or reclassified at the conversion price of US$2.75 per share (the “Conversion Price”).

2. Adjustments. The following section is added as Section 1.2(c)

(c)If, at any time when this Note is issued and outstanding and prior to conversion of all of the Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares issuable

upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion hereof.

3. Continuing Agreement. Except as modified in this Amendment, the provisions of the Note will remain unchanged and in full force and effect and govern this Amendment.

4. Entire Agreement. This Amendment and the Note (as amended hereby) set forth the entire agreement and understanding of the Borrower and the Holder holding such Note with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of such parties with respect thereto. In the event of a conflict between this Amendment and the Note, this Amendment shall control.

5. Counterparts; Copies. This Amendment may be executed in any number of counterparts, each of which shall be an original, but all of which together shall be deemed to constitute one instrument. Facsimiles and copies of signatures will be deemed binding originals.

IN WITNESS WHEREOF, this Amendment to Convertible Promissory Note is executed as of the date first set forth above.

COMPANY:

NABUFIT GLOBAL, INC.

a Delaware corporation

By:

Name: Robert Bench

Title: Chief Financial Officer

IN WITNESS WHEREOF, this Amendment to Convertible Promissory Note is executed as of the date first set forth above.

INVESTOR:

MEMP, ApS

a Danish company

By:

Name:

EXHIBIT 31.1

CERTIFICATION

I, Brian Mertz certify that:

1. I have reviewed this quarterly report on Form 10-Q of NABUfit Global, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4. The small business issuer’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the small business issuer’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the small business issuer’s internal control over financial reporting that occurred during the small business issuer’s most recent fiscal quarter (the small business issuer’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer’s internal control over financial reporting; and

5. The small business issuer’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer’s auditors and the audit committee of the small business issuer’s board of directors (or persons performing the equivalent functions):

E-1

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: August 21, 2017	/s/ Brian Mertz
	Brian Mertz, Chief Executive Officer
	NABUfit Global, Inc.

E-2

EXHIBIT 31.2

CERTIFICATION

I, Robert K. Bench, certify that:

1. I have reviewed this quarterly report on Form 10-Q of NABUfit Global, Inc.;

(a)

(b)

(c)

(d)

E-1

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer’s internal control over financial reporting.

Date: August 21, 2017	/s/ ROBERT K. BENCH
	Robert K. Bench, Principal Financial Officer
	NABUfit Global, Inc.

E-2

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. §1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of NABUfit Global, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2017 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Brian Mertz, Principal Executive Officer and Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date: August 21, 2017	/s/ Brian Mertz
	Brian Mertz, Principal Executive Officer, Chief Executive Officer
	NABUfit Global, Inc.

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. §1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of NABUfit Global, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2017 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Robert K. Bench, Principal Financial Officer and President of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

August 21, 2017	/s/ ROBERT K. BENCH
	Robert K. Bench, Principal Financial Officer & President
	NABUfit Global, Inc.

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2017	Aug. 11, 2017
Details
Registrant Name	NABUFIT GLOBAL, INC.
Registrant CIK	0000726293
SEC Form	10-Q
Period End date	Jun. 30, 2017
Fiscal Year End	--12-31
Trading Symbol	nbft
Tax Identification Number (TIN)	841089377
Number of common stock shares outstanding		1,031,461
Filer Category	Smaller Reporting Company
Current with reporting	Yes
Voluntary filer	No
Well-known Seasoned Issuer	No
Amendment Flag	false
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Contained File Information, File Number	0-11730
Entity Incorporation, State Country Name	Delaware
Entity Address, Address Line One	626 East 1820 North
Entity Address, City or Town	Orem
Entity Address, State or Province	Utah
Entity Address, Postal Zip Code	84097
City Area Code	801
Local Phone Number	592-3000

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Current Assets
Cash	$ 166,293	$ 1,402,626
Prepaid expenses and other current assets	2,448,257	2,792,365
Deposits	13,893	14,528
Total current assets	2,628,443	4,209,519
Total Assets	2,628,443	4,209,519
Current Liabilities
Accounts payable	283,134	264,089
Accrued liabilities	1,811,432	2,304,938
Related party payables	13,701	30,183
Convertible notes payable net of debt discount	353,077	0
Derivative liabilities	88,269	0
Total current liabilities	2,549,613	2,599,210
Total Liabilities	2,549,613	2,599,210
Commitments and Contingencies	0	0
STOCKHOLDERS' EQUITY
Preferred stock, $.0001 par value, 400,000 shares authorized; no shares issued and outstanding	0	0
Common stock $.0001 par value, 100,000,000 shares authorized; 1,025,891 and 854,338 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively.	103	85
Additional paid-in capital	6,728,270	6,055,755
Accumulated deficit	(6,675,120)	(4,411,001)
Accumulated other comprehensive loss	25,577	(34,530)
Total stockholders' equity	78,830	1,610,309
Total Liabilities and Stockholders' Equity	$ 2,628,443	$ 4,209,519

CONDENSED CONSOLIDATED BALANCE SHEETS - Parenthetical - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	400,000	400,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	1,025,891	854,338
Common Stock, Shares, Outstanding	1,025,891	854,338

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Details
Revenue	$ 1,083	$ 0	$ 1,739	$ 0
Operating Expenses:
Selling, general and administrative	753,521	810,889	1,637,504	1,338,735
Marketing	272,883	0	534,773	0
Total Operating Expenses	1,026,404	810,889	2,172,277	1,338,735
Loss from Operations	(1,025,321)	(810,889)	(2,170,538)	(1,338,735)
Other Income (Expense):
Interest income	0	6	0	141
Interest expense	(91,682)	(19)	(112,646)	(36)
Gain (loss) on derivative	19,065	0	19,065	0
Total Other Income (Expense)	(72,617)	(13)	(93,581)	105
Net Loss	$ (1,097,938)	$ (810,902)	$ (2,264,119)	$ (1,338,630)
Net loss per common share - basic and diluted	$ (1.17)	$ (1.25)	$ (2.53)	$ (2.06)
Weighted average common shares outstanding - basic and diluted	938,451	649,010	896,637	648,462
Comprehensive Loss:
Net Loss	$ (1,097,938)	$ (810,902)	$ (2,264,119)	$ (1,338,630)
Other Comprehensive Income
Translation adjustments	41,459	(4,746)	60,107	27,506
Total Comprehensive Loss	$ (1,056,479)	$ (815,648)	$ (2,204,012)	$ (1,311,124)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Details
Net loss	$ (2,264,119)	$ (1,338,630)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation	81,339	0
Amorization of debt discount	107,701	0
Gain on derivative	(19,065)	0
Changes in operating assets and liabilities:
Prepaid expenses and other current assets	576,712	149,727
Deposit	1,877	(52,294)
Accounts payable	8,594	89,410
Accrued liabilities	(685,176)	95,118
Other payables	(27,626)	0
Net Cash Used in Operating Activities	(2,219,763)	(1,056,669)
Cash Flows From Investing Activities
Net Cash Provided by Investing Activities	0	0
Cash Flows From Financing Activities
Proceeds from issuance of common stock for cash	358,472	0
Proceeds from issuance of convertible notes payable	585,430	0
Net Cash Provided by Financing Activities	943,902	0
Effect of exchange rate changes on cash	39,528	27,419
Net Change in Cash	(1,236,333)	(1,029,250)
Cash at Beginning of Period	1,402,626	1,133,247
Cash at End of Period	166,293	103,997
Noncash Investing and Financing Information:
Beneficial conversion features on convertible debt	106,751	0
Derivative liabilities on convertible debt	88,269	0
Conversion of notes payable to common stock	145,034	0
Shares of common stock issued for subscriptions	0	1,383,726
Supplemental Disclosures of Cash Flow Information:
Cash Paid for Interest	0	36
Cash Paid for Taxes	$ 0	$ 0

NOTE 1 - THE COMPANY AND BASIS OF PRESENTATION

6 Months Ended

Jun. 30, 2017

Notes

NOTE 1 - THE COMPANY AND BASIS OF PRESENTATION

NOTE 1 — THE COMPANY AND BASIS OF PRESENTATION

Reverse Stock Split

NOTE 2 - GOING CONCERN

6 Months Ended

Jun. 30, 2017

Notes

NOTE 2 - GOING CONCERN

NOTE 2 – GOING CONCERN

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 Months Ended

Jun. 30, 2017

Notes

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Fair Value – The fair values of the Company’s financial assets and liabilities approximate their carrying amounts at the reporting date.

The Company had no foreign currency transaction gains or losses during the six months ended June 30, 2017.

Software Development Costs – The Company expenses software development costs until the Company has a working business model for the software.

New Accounting Pronouncements – The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

NOTE 4 - ACCRUED LIABILITIES

6 Months Ended

Jun. 30, 2017

Notes

NOTE 4 - ACCRUED LIABILITIES

NOTE 4 – ACCRUED LIABILITIES

NOTE 5 - CONVERTIBLE NOTES PAYABLE

6 Months Ended

Jun. 30, 2017

Notes

NOTE 5 - CONVERTIBLE NOTES PAYABLE

NOTE 5 – CONVERTIBLE NOTES PAYABLE

	Balance as of June 30, 2017

March 23, 2017 convertible notes (4) payable for total cash proceeds of 1,000,000 DKK ($145,034 as of March 23, 2017). The notes bore no interest and matured on May 1, 2017 and automatically converted into 48,345 shares of the Company’s common stock at $3.00 per share, which shares were issued on 13 June 2017. The fair value of the stock on March 23, 2017 was $4.80 so the Company recognized a beneficial conversion feature and debt discount of $87,020. The discount is amortized over the term of the notes. The balance of the debt discount was $0 as of June 30, 2017.	$ -

May 9, 2017 convertible note payable of $58,000 to a third party at 9% interest and February 9, 2018 maturity date; principal and accrued interest is convertible at 65% of market value on the date of conversion; market value is calculated as the average of the 5 lowest close prices of the common stock during the previous 10 trading days; convertible into 22,222 shares at a conversion price of $2.61 as of the May 9, 2017 measurement date; convertible 180 days after the issue date until the maturity date. The Company recorded a derivative of $75,957 on May 9, 2017 due to the variable nature of the conversion price, as well as, a debt discount of $58,000 and a loss on derivative of $17,957. The discount is amortized over the term of the note. The derivative was remeasured on June 30, 2017, which resulted in a gain on derivative of $25,287. The balance of the debt discount was $47,072 as of June 30, 2017.	58,744

May 10, 2017 convertible note payable of $50,000 to a third party at 0% interest and November 9, 2017 maturity date; principal and accrued interest is convertible at $3.00 per share; however, if the Company provides more favorable terms or conversion price to another party, the terms and price on this agreement are adjusted to match the more favorable terms and price. As a result of the variability in the conversion price, the Company recorded a derivative of $49,334 on May 10, 2017 due to the variable nature of the conversion price, as well as, a debt discount of $50,000. The discount is amortized over the term of the note. The derivative was remeasured on June 30, 2017, which resulted in a gain on derivative of $11,735. The balance of the debt discount was $38,525 as of June 30, 2017. The full amount of the note is a loan commitment fee related to an equity purchase agreement; default interest of 24%; prepayment up to 180 days following issue date. $666 of the debt discount is for a beneficial conversion feature, which is the amount in excess of the derivative liability;	50,000

June 27, 2017 convertible note payable of 2,200,000 DKK ($331,325 at June 27, 2017) to a third party at 12% interest and an August 28, 2017 maturity date; upon conversion, principal and accrued interest is convertible at $2.75 per share into 174,924 shares. Cash proceeds were net of a loan origination fee of $33,133.	331,652
Total	440,396

Less debt discount	(108,000)
Add amortization of debt discount	20,681
Balance of convertible notes payable, net	353,077
Less current portion	353,077
Long-term convertible notes payable, net	$ -

NOTE 6 - DERIVATIVE LIABILITIES

6 Months Ended

Jun. 30, 2017

Notes

NOTE 6 - DERIVATIVE LIABILITIES

	May 9, 2017	June 30, 2017
Stock price at valuation date	`$5.10`	`$2.40`
Conversion price	`$2.61`	`$1.56`
Risk free rate	`1.07%`	`1.14%`
Volatility	`160.28%`	`148.43%`
Number of shares if converted	`22,222`	`37,656`
Value of derivative	`$75,957`	`$50,670`
Gain (loss) on derivative	`$(17,957)`	`$25,287`

	June 27, 2017	June 30, 2017
Stock price at valuation date	`$5.10`	`$2.40`
Conversion price	`$3.00`	`$1.56`
Risk free rate	`1.02%`	`1.05%`
Volatility	`160.26%`	`124.88%`
Number of shares if converted	`16,667`	`32,051`
Value of derivative	`$49,334`	`$37,599`
Gain on derivative	`$-`	`$11,735`

NOTE 7 - FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2017

Notes

NOTE 7 - FAIR VALUE MEASUREMENTS

NOTE 7 – FAIR VALUE MEASUREMENTS

Assets and liabilities carried at fair value are classified and disclosed in one of the following three categories:

·Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.

·Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date.

·Level 3: Pricing inputs that are generally unobservable and are supported by little or no market data.

Financial Assets Measured on a Recurring Basis

Financial assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

The following table summarizes the valuation of our financial assets measured at fair value on a recurring basis as of June 30, 2017:

	Level 1	Level 2	Level 3	Total
Liabilities:
Derivative Liabilities	$ -	$ -	$ 88,269	$ 88,269

In accordance with U.S. GAAP, we use market prices and pricing models for fair value measurements of our derivative financial instruments.

NOTE 8 - SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2017

Notes

NOTE 8 - SHAREHOLDERS' EQUITY

NOTE 8 – SHAREHOLDERS’ EQUITY

During March 2017, the Company recorded a credit to additional paid-in capital of $87,020 for the beneficial conversion feature described in Note 5.

On May 9, 2017, the Company issued 48,345 post-reverse split shares at $3.00 per share to settle the convertible notes payable of $145,034.

Total share-based compensation of $81,334 was recognized during the six months ended June 30, 2017. As of June 30, 2017, the Company had no unrecognized share-based compensation.

NOTE 9 - RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2017

Notes

NOTE 9 - RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2017
Policies
Principles of Consolidation	*Principles of Consolidation* – The accompanying consolidated financial statements are presented in conformity with accounting principles generally accepted in the United States of America and include operations and balances of NABUFIT Global, Inc. and its wholly-owned subsidiaries NABUFIT Denmark, NABUFIT China and NABUFIT IP. Intercompany balances and transactions have been eliminated in consolidation. NABUFIT China and NABUFIT IP have been formed but have no activity to date.
Use of Estimates	*Use of Estimates* – 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 reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value	*Fair Value* – The fair values of the Company’s financial assets and liabilities approximate their carrying amounts at the reporting date.
Foreign Currency Transactions and Translations	*Foreign Currency Transactions and Translations* – The functional currency of NABUFIT Denmark is the Danish Krone (DKK), the functional currency of NABUFIT China is the China Yuan Renminbi (CNY), and the functional currency of NABUFIT Global and the reporting currency is U.S. dollars (USD). The Company translates the assets and liabilities of NABUFIT Denmark and NABUFIT China from the functional currency to U.S. dollars at the appropriate spot rates as of the balance sheet date. Equity balances are translated using historical exchange rates. Changes in the carrying value of these assets and liabilities attributable to fluctuations in spot rates are recognized in foreign currency translation adjustment, a component of accumulated other comprehensive income. Income statement accounts are translated using the average exchange rate during the period. Monetary assets and liabilities denominated in a currency that is different from the functional currency must first be remeasured from the applicable currency to the functional currency. The effect of this remeasurement process is recognized translation adjustments in our statement of comprehensive loss. The Company had no foreign currency transaction gains or losses during the six months ended June 30, 2017.
Cash and Cash Equivalents	*Cash and Cash Equivalents* – The balance in cash and cash equivalents consists of cash reserves held in bank accounts. The Company maintains cash balances in bank accounts that, at times, exceed federally insured limits. The Company has not experienced any losses in these accounts and believes it is not exposed to any significant risk with respect to cash.
Revenue Recognition	*Revenue Recognition* – The Company recognizes revenue when persuasive evidence of an arrangement exists, performance of the service has occurred, the sales price charged is fixed or determinable, and collectability is reasonably assured. Revenue is net of taxes and discounts and is recorded on an accrual basis.
Software Development Costs	*Software Development Costs* – The Company expenses software development costs until the Company has a working business model for the software.
Income Taxes	*Income Taxes* – The Company accounts for income taxes pursuant to Accounting Standards Codification (ASC) 740, Income Taxes, which requires the use of the asset and liability method of accounting for deferred income taxes. We recognize deferred tax liabilities and assets based on the differences between the tax basis of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years. All allowances against deferred income tax assets are recorded in whole or in part, when it is more likely than not those deferred income tax assets will not be realized. Deferred tax assets and liabilities are measured using enacted tax rates expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is required to the extent it is more-likely-than-not that a deferred tax asset will not be realized. ASC 740 also requires reporting of taxes based on tax positions that meet a more-likely-than-not standard and are measured at the amount that is more-likely-than-not to be realized. Differences between financial and tax reporting which do not meet this threshold are required to be recorded as unrecognized tax benefits.
Derivatives	*Derivatives –* The Company has entered into convertible debt agreements whereby the related conversion features are derivatives. Therefore, the Company has calculated the fair value of these derivatives on the execution dates and has also recorded a gain on derivative for the change in fair value from the execution date to the reporting date. The Company estimates fair values of derivative financial instruments using the Black-Scholes model, adjusted for the effect of dilution, because it embodies all of the requisite assumptions (including trading volatility, estimated terms, dilution and risk free rates) necessary to fair value these instruments. Estimating fair values of derivative financial instruments requires the development of significant and subjective estimates that may, and are likely to, change over the duration of the instrument with related changes in internal and external market factors. In addition, option-based techniques (such as Black-Scholes model) are highly volatile and sensitive to changes in the trading market price of our common stock.
Basic and Diluted Loss Per Share	*Basic and Diluted Loss Per Share* – Basic loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period. Diluted loss per common share is calculated by dividing net loss by the weighted-average number of common shares outstanding during the period giving effect to potentially dilutive common stock equivalents. As of June 30, 2017, the Company had common stock equivalents of 190,308 shares outstanding related to the convertible notes payable.
New Accounting Pronouncements	*New Accounting Pronouncements* – The Company does not expect the adoption of any recent accounting pronouncements to have a material impact on its financial statements.

NOTE 5 - CONVERTIBLE NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2017

Tables/Schedules

Schedule Of Debt Conversions

	Balance as of June 30, 2017

March 23, 2017 convertible notes (4) payable for total cash proceeds of 1,000,000 DKK ($145,034 as of March 23, 2017). The notes bore no interest and matured on May 1, 2017 and automatically converted into 48,345 shares of the Company’s common stock at $3.00 per share, which shares were issued on 13 June 2017. The fair value of the stock on March 23, 2017 was $4.80 so the Company recognized a beneficial conversion feature and debt discount of $87,020. The discount is amortized over the term of the notes. The balance of the debt discount was $0 as of June 30, 2017.	$ -

May 9, 2017 convertible note payable of $58,000 to a third party at 9% interest and February 9, 2018 maturity date; principal and accrued interest is convertible at 65% of market value on the date of conversion; market value is calculated as the average of the 5 lowest close prices of the common stock during the previous 10 trading days; convertible into 22,222 shares at a conversion price of $2.61 as of the May 9, 2017 measurement date; convertible 180 days after the issue date until the maturity date. The Company recorded a derivative of $75,957 on May 9, 2017 due to the variable nature of the conversion price, as well as, a debt discount of $58,000 and a loss on derivative of $17,957. The discount is amortized over the term of the note. The derivative was remeasured on June 30, 2017, which resulted in a gain on derivative of $25,287. The balance of the debt discount was $47,072 as of June 30, 2017.	58,744

May 10, 2017 convertible note payable of $50,000 to a third party at 0% interest and November 9, 2017 maturity date; principal and accrued interest is convertible at $3.00 per share; however, if the Company provides more favorable terms or conversion price to another party, the terms and price on this agreement are adjusted to match the more favorable terms and price. As a result of the variability in the conversion price, the Company recorded a derivative of $49,334 on May 10, 2017 due to the variable nature of the conversion price, as well as, a debt discount of $50,000. The discount is amortized over the term of the note. The derivative was remeasured on June 30, 2017, which resulted in a gain on derivative of $11,735. The balance of the debt discount was $38,525 as of June 30, 2017. The full amount of the note is a loan commitment fee related to an equity purchase agreement; default interest of 24%; prepayment up to 180 days following issue date. $666 of the debt discount is for a beneficial conversion feature, which is the amount in excess of the derivative liability;	50,000

June 27, 2017 convertible note payable of 2,200,000 DKK ($331,325 at June 27, 2017) to a third party at 12% interest and an August 28, 2017 maturity date; upon conversion, principal and accrued interest is convertible at $2.75 per share into 174,924 shares. Cash proceeds were net of a loan origination fee of $33,133.	331,652
Total	440,396

Less debt discount	(108,000)
Add amortization of debt discount	20,681
Balance of convertible notes payable, net	353,077
Less current portion	353,077
Long-term convertible notes payable, net	$ -

NOTE 6 - DERIVATIVE LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2017

Tables/Schedules

Schedule Of Derivative Liabilities At Fair Value

As of June 30, 2017, the derivative liability was remeasured at $50,670 . The details are as follows:

	May 9, 2017	June 30, 2017
Stock price at valuation date	`$5.10`	`$2.40`
Conversion price	`$2.61`	`$1.56`
Risk free rate	`1.07%`	`1.14%`
Volatility	`160.28%`	`148.43%`
Number of shares if converted	`22,222`	`37,656`
Value of derivative	`$75,957`	`$50,670`
Gain (loss) on derivative	`$(17,957)`	`$25,287`

	June 27, 2017	June 30, 2017
Stock price at valuation date	`$5.10`	`$2.40`
Conversion price	`$3.00`	`$1.56`
Risk free rate	`1.02%`	`1.05%`
Volatility	`160.26%`	`124.88%`
Number of shares if converted	`16,667`	`32,051`
Value of derivative	`$49,334`	`$37,599`
Gain on derivative	`$-`	`$11,735`

NOTE 7 - FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2017

Tables/Schedules

Schedule of faire value on a recurring basis

The following table summarizes the valuation of our financial assets measured at fair value on a recurring basis as of June 30, 2017:

	Level 1	Level 2	Level 3	Total
Liabilities:
Derivative Liabilities	$ -	$ -	$ 88,269	$ 88,269

NOTE 1 - THE COMPANY AND BASIS OF PRESENTATION (Details)	6 Months Ended
	Jun. 30, 2017
Details
Stockholders' Equity Note, Stock Split	Effective June 27, 2017, the Company filed an Amended and Restated Certificate of Incorporation (“Restated Certificate”) with the Delaware Secretary of State whereby the Company effected a reverse stock split to reduce the number of shares of outstanding common stock at a rate of 1 share for every 30 shares of common stock then outstanding (“Reverse Split”)

NOTE 2 - GOING CONCERN (Details) - USD ($)	3 Months Ended		6 Months Ended
NOTE 2 - GOING CONCERN (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Details
Net Loss	$ (1,097,938)	$ (810,902)	$ (2,264,119)	$ (1,338,630)
Accumulated deficit	$ (6,675,120)		(6,675,120)		$ (4,411,001)
Net Cash Used in Operating Activities			$ (2,219,763)	$ (1,056,669)

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Foreign Currency Transactions and Translations (Details)	6 Months Ended
	Jun. 30, 2017 USD ($)
Details
Foreign currency transaction gains or losses	$ 0

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basic and Diluted Loss Per Share (Details)	6 Months Ended
	Jun. 30, 2017 shares
Convertible Debt Securities
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	190,308

NOTE 4 - ACCRUED LIABILITIES (Details) - USD ($)	Jun. 30, 2017	Dec. 31, 2016
Accrued liabilities	$ 1,811,432	$ 2,304,938
Neymar Contract
Accrued liabilities	$ 1,730,112	$ 2,115,890

NOTE 5 - CONVERTIBLE NOTES PAYABLE: Schedule Of Debt Conversions (Details) - USD ($)			3 Months Ended		6 Months Ended
	Jun. 27, 2017	May 09, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	May 10, 2017	Mar. 23, 2017	Dec. 31, 2016
Proceeds from issuance of convertible notes payable					$ 585,430	$ 0
Debt Conversion, Converted Instrument, Shares Issued		48,345
Share Price		$ 3.00
Beneficial conversion features on convertible debt					106,751	0
Debt discount			$ (108,000)		(108,000)
Notes Payable			440,396		440,396
Derivative liabilities			88,269		88,269				$ 0
Gain (loss) on derivative			19,065	$ 0	$ 19,065	0
Debt Instrument, Description					The full amount of the note is a loan commitment fee related to an equity purchase agreement; default interest of 24%; prepayment up to 180 days following issue date.
Conversion of notes payable to common stock		$ 145,034			$ 145,034	$ 0
Notes Payable			440,396		440,396
Amortization					20,681
Balance of convertible notes payable, net			353,077		353,077
Less current portion			353,077		353,077				$ 0
Long-term convertible notes payable, net			$ 0		0
03-23-2017 Note
Proceeds from issuance of convertible notes payable					$ 145,034
Debt Instrument, Interest Rate, Stated Percentage			0.00%		0.00%
Debt Instrument, Maturity Date					May 01, 2017
Debt Conversion, Converted Instrument, Shares Issued					48,345
Conversion price								$ 3.00
Share Price								$ 4.80
Beneficial conversion features on convertible debt					$ 87,020
Debt discount			$ 0		0
Notes Payable			0		0
Notes Payable			$ 0		0
03-23-2017 Note \| Denmark, Kroner
Proceeds from issuance of convertible notes payable					$ 1,000,000
05-09-2017 Note
Debt Instrument, Interest Rate, Stated Percentage			9.00%		9.00%
Debt Instrument, Maturity Date					Feb. 09, 2018
Conversion price		$ 2.61	$ 1.56		$ 1.56
Share Price		$ 5.10	$ 2.40		$ 2.40
Debt discount		$ 58,000	$ 47,072		$ 47,072
Notes Payable			58,744		58,744
Debt Instrument, Face Amount			58,000		$ 58,000
Debt Instrument, Convertible, Terms of Conversion Feature					principal and accrued interest is convertible at 65% of market value on the date of conversion; market value is calculated as the average of the 5 lowest close prices of the common stock during the previous 10 trading days; convertible into 22,222 shares at a conversion price of $2.61 as of the May 9, 2017 measurement date; convertible 180 days after the issue date until the maturity date
Derivative liabilities			75,957		$ 75,957
Derivative, Loss on Derivative					17,957
Gain (loss) on derivative					25,287
Notes Payable			$ 58,744		$ 58,744
05-10-2017 Note
Debt Instrument, Interest Rate, Stated Percentage			0.00%		0.00%
Debt Instrument, Maturity Date					Nov. 09, 2017
Conversion price	$ 3.00		$ 1.56		$ 1.56
Share Price	$ 5.10		$ 2.40		$ 2.40
Beneficial conversion features on convertible debt					$ 666
Debt discount			$ 38,525		38,525		$ 50,000
Notes Payable			50,000		50,000
Debt Instrument, Face Amount			50,000		$ 50,000
Debt Instrument, Convertible, Terms of Conversion Feature					principal and accrued interest is convertible at $3.00 per share; however, if the Company provides more favorable terms or conversion price to another party, the terms and price on this agreement are adjusted to match the more favorable terms and price.
Derivative liabilities			49,334		$ 49,334
Gain (loss) on derivative	$ 0		11,735		11,735
Notes Payable			$ 50,000		$ 50,000
06-27-2017 Note
Debt Instrument, Interest Rate, Stated Percentage			12.00%		12.00%
Debt Instrument, Maturity Date					Aug. 28, 2017
Debt Conversion, Converted Instrument, Shares Issued					174,924
Conversion price	$ 2.75
Notes Payable			$ 331,652		$ 331,652
Conversion of notes payable to common stock					331,325
Loan origination fee			33,133		33,133
Notes Payable			331,652		331,652
06-27-2017 Note \| Denmark, Kroner
Debt Instrument, Face Amount			$ 2,200,000		$ 2,200,000

NOTE 6 - DERIVATIVE LIABILITIES (Details) - USD ($)	3 Months Ended		6 Months Ended
NOTE 6 - DERIVATIVE LIABILITIES (Details) - USD ($)	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	May 09, 2017	Dec. 31, 2016
Value of derivative	$ 88,269		$ 88,269
Gain (loss) on derivative	19,065	$ 0	19,065	$ 0
Derivative liabilities	88,269		88,269			$ 0
05-09-2017 Note
Value of derivative	50,670		50,670		$ 75,957
Gain (loss) on derivative			25,287
Derivative liabilities	75,957		$ 75,957
Fair Value, Option, Methodology and Assumptions			Black-Scholes model
Derivative, Loss on Derivative			$ 17,957
At issuance
Value of derivative	$ 107,334		$ 107,334

NOTE 6 - DERIVATIVE LIABILITIES: Schedule Of Derivative Liabilities At Fair Value (Details) - USD ($)			3 Months Ended		6 Months Ended
	Jun. 27, 2017	May 09, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Value of derivative			$ 88,269		$ 88,269
Stock price at valuation date		$ 3.00
Derivative liabilities			88,269		88,269		$ 0
Gain (loss) on derivative			19,065	$ 0	19,065	$ 0
05-09-2017 Note
Value of derivative		$ 75,957	$ 50,670		$ 50,670
Stock price at valuation date		$ 5.10	$ 2.40		$ 2.40
Conversion price		$ 2.61	$ 1.56		$ 1.56
Risk free rate		1.07%			1.14%
Volatility		160.28%			148.43%
Number of shares if converted		22,222	37,656		37,656
Gain (loss) on derivative		$ (17,957)			$ 25,287
Derivative liabilities			$ 75,957		$ 75,957
Fair Value, Option, Methodology and Assumptions					Black-Scholes model
Gain (loss) on derivative					$ 25,287
05-10-2017 Note
Value of derivative	$ 49,334		$ 37,599		$ 37,599
Stock price at valuation date	$ 5.10		$ 2.40		$ 2.40
Conversion price	$ 3.00		$ 1.56		$ 1.56
Risk free rate	1.02%		1.05%
Volatility	160.26%		124.88%
Number of shares if converted	16,667		32,051		32,051
Derivative liabilities			$ 49,334		$ 49,334
Fair Value, Option, Methodology and Assumptions					Black-Scholes model
Gain (loss) on derivative	$ 0		$ 11,735		$ 11,735

NOTE 7 - FAIR VALUE MEASUREMENTS: Schedule of faire value on a recurring basis (Details)	Jun. 30, 2017 USD ($)
Assets, Fair Value Disclosure, Recurring	$ 88,269
Fair Value, Inputs, Level 1
Assets, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 2
Assets, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 3
Assets, Fair Value Disclosure, Recurring	$ 88,269

NOTE 8 - SHAREHOLDERS' EQUITY (Details) - USD ($)		1 Months Ended	6 Months Ended
NOTE 8 - SHAREHOLDERS' EQUITY (Details) - USD ($)	May 09, 2017	Mar. 31, 2017	Jun. 30, 2017	Jun. 30, 2016	May 01, 2017	Apr. 03, 2017	Dec. 31, 2016
Common Stock, Shares Authorized			100,000,000				100,000,000
Common Stock, Par or Stated Value Per Share			$ 0.0001				$ 0.0001
Preferred Stock, Shares Authorized			400,000				400,000
Preferred Stock, Par or Stated Value Per Share			$ 0.0001				$ 0.0001
Common Stock, Shares, Issued			1,025,891				854,338
Common Stock, Shares, Outstanding			1,025,891				854,338
Preferred Stock, Shares Issued			0				0
Preferred Stock, Shares Outstanding			0				0
Additional paid-in capital for the beneficial conversion feature		$ 87,020
Sale of Stock, Price Per Share					$ 3.00	$ 3.00
Debt Conversion, Converted Instrument, Shares Issued	48,345
Share Price	$ 3.00
Conversion of notes payable to common stock	$ 145,034		$ 145,034	$ 0
Allocated Share-based Compensation Expense			81,334
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized			$ 0
LF Investments ApS
Stoock shares subscribed						71,667
Stock amount subscribed						$ 215,000
Hans Kjaer Holding A/S
Stoock shares subscribed					47,824
Stock amount subscribed					$ 143,472