UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q/A

 

Amendment No. 1

 

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

For the quarterly period ended June 30, 2016

 

o TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ________ to ________

 

001-31444

(Commission File Number)

 

EARTH LIFE SCIENCES INC.

(Name of small business issuer in its charter)

 

NEVADA   98-0361119
(State or other jurisdiction of
incorporation or organization)
  (I.R.S. Employer Identification No.)

 

Suite 880, 50 West Liberty Street, Reno, Nevada, 89501

(Address of principal executive offices) (Zip Code)

 

(514) 500-4111

Issuer’s telephone number

 

Former name, former address and former fiscal year, if changed since last report: N/A

 

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock CLTS OTC Markets

 

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

Yes x No o

 

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes o No x

 

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

     
 Large accelerated filer  o   Accelerated filer o

Non-accelerated filer     o

(Do not check if a smaller reporting company)

 

Smaller Reporting Company x

Emerging Growth Company o

 

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

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES   o NO x

 

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date:

 

As of August 15, 2016 the registrant’s outstanding common stock consisted of 270,817,339 shares.

 

 

EXPLANATORY NOTE

 

This Amendment No. 1 (this “Amendment”) to the Quarterly Report on Form 10-Q for the six months ended June 30, 2016 of Earth Life Sciences Inc.is being filed for the purpose of revising the financial statements for the six months ended June 30, 2016.

 

PART I - FINANCIAL INFORMATION

 

ITEM 1. FINANCIAL STATEMENTS

 

The interim financial statements included herein are unaudited but reflect, in management’s opinion, all adjustments, consisting only of normal recurring adjustments that are necessary for a fair presentation of our financial position and the results of our operations for the interim periods presented. Because of the nature of our business, the results of operations for the quarterly period and the six months ended June 30, 2016 are not necessarily indicative of the results that may be expected for the full fiscal year.

 

Earth Life Sciences Inc.
Balance Sheets
As at
(unaudited)

 

    Note   June 30, 2016     December
31, 2015
 
ASSETS                
Current Assets                    
Cash       $ -     $ -  
          -       -  
Mineral properties         6,750,000       6,750,000  
Property and equipment - net         1,715       1,960  
Total assets       $ 6,751,715     $ 6,751,960  
                     
LIABILITIES                    
Current Liabilities                    
Accounts payable and accrued liabilities       $ 190,134     $ 116,696  
Convertible debt   3     32,720       32,720  
          222,854       149,416  
SHAREHOLDERS’ EQUITY                    
                     
Common shares, authorized 450,000,000 shares at par value $0.001, issued and outstanding as of June 30, 2016 and December 31, 2015 - 270,817,339 shares.         270,817       270,817  
Additional paid in capital         14,090,531       14,090,531  
Accumulated comprehensive income         131,859       131,859  
Deficit         (7,964,346 )     (7,890,663 )
          6,528,861       6,602,544  
Total liabilities and shareholders’ equity       $ 6,751,715     $ 6,751,960  

 

The Accompanying notes are integral part of these unaudited financial statements.

 

 

Earth Life Sciences Inc.
Statement of Operations
(unaudited)

 

    Three
months
ended June
30, 2016
    Three
months
ended June
30, 2015
    Six months
ended June 30,
2016
    Six months
ended June
30, 2015
 
Expenses                        
Consulting and subcontractors   $ -     $ 17,500     $ 15,000     $ 17,500  
Depreciation     122       -       245       -  
Filing and transfer agent     12,200       1,676       12,200       1,676  
Mineral exploration costs     12,860       -       18,455       -  
Office and general     -       -       45       500  
Professional fees     22,738       1,400       27,738       1,400  
                                 
Net loss     (47,920 )     (20,576 )     (73,683 )     (21,076 )
Discontinued operations of subsidiary                                
Revenue from discontined operations     -       13,973       -       27,200  
Expenses from discontinued operations     -       (15,789 )     -       (28,631 )
Gain on reversal of debt     -       24,744       -       24,744  
      -       22,928       -       23,313  
Net loss for the period     (47,920 )     2,352       (73,683 )     2,237  
Other items                                
Unrealized foreign exchange     -       497       -       504  
              497       -       504  
Total comprehensive income (loss)   $ (47,920 )   $ 2,849     $ (73,683 )   $ 2,741  
                                 
Loss per share, basic and diluted   $ -     $ -     $ -     $ -  
                                 
Weighted average number of shares outstanding     270,817,339       16,317,339       270,817,339       16,317,339  

 

The Accompanying notes are integral part of these unaudited financial statements.

 

 

Earth Life Sciences Inc.
Statements of Cash Flows
(unaudited)

 

    Six months
ended June
30, 2016
  Six months
ended June
30, 2015
         
Cash Flows from Operating Activities                
Loss for the period   $ (73,683 )   $ 2,237  
Items not affecting cash:                
Depreciation     245       —    
      (73,438 )     2,237  
Changes in non-cash working capital:                
Accounts payable and accrued liabilities     73,438       (213 )
Discontinued operations     —         (2,155 )
                 
Net cash provided by (used in) operating activities     —         (131 )
                 
Cash Flows from Financing Activities                
Net cash provided by financing activities     —         —    
                 
Cash Flows from Investing Activities                
Net cash used in investing activities     —         —    
                 
Change in cash and cash equivalents     —         (131 )
                 
Cash and cash equivalents at beginning of period     —         244  
                 
Cash and cash equivalents at end of period   $ —       $ 113  
                 
Cash and cash equivalents consist of:                
                 
Cash   $ —       $ 113  
    $ —       $ 113  
                 
Interest paid   $ —       $ —    
Income taxes paid   $ —       $ —    
Shares issued for debt   $ —       $ 1,305,000  
Shares issued for mineral property   $ —       $ 6,750,000  
Shares issued for services   $ —       $ —    

 

The Accompanying notes are integral part of these unaudited financial statements.

 

 

Earth Life Sciences Inc.
Statements of Changes in Shareholders’ Equity
(unaudited)

 

    Share Capital                          
    Shares     Amount     Additional
paid-in
capital
    Deficit     Cumulative
other
comprehensive
income
    Total  
Balance, January 1, 2015     817,339     $ 817     $ 6,260,531     $ (7,001,605 )   $ 101,058     $ (639,199 )
Property acquisition - White Channel     225,000,000       225,000       6,525,000       -       -       6,750,000  
Conversion of debt     45,000,000       45,000       1,305,000       -       -       1,350,000  
Unrealized foreign exchange     -       -       -       -     $ 504       504  
Profit (Loss) for the period     -       -       -       2,237       -       2,237  
Balance, June 30, 2015     270,817,339     $ 270,817     $ 14,090,531     $ (6,999,368 )   $ 101,562     $ 7,463,542  
Balance, January 1, 2016     270,817,339       270,817       14,090,531       (7,890,663 )     131,859       6,602,544  
Profit (Loss) for the period     -       -       -       (73,683 )     -       (73,683 )
Balance, June 30, 2016     270,817,339     $ 270,817     $ 14,090,531     $ (7,964,346 )   $ 131,859     $ 6,528,861  

 

The Accompanying notes are integral part of these unaudited financial statements.

 

 

EARTH LIFE SCIENCES INC.
(A Development Stage Company)

 

NOTES TO THE FINANCIAL STATEMENTS
June 30, 2016

 

NOTE 1 – NATURE OF BUSINESS

 

Nature of Business

 

Altus Explorations, Inc. (the “Company”) was incorporated in the state of Nevada on November 2, 2001.

 

On October 1, 2010, Altus entered into a Share Exchange Agreement (the “Agreement”) with UWD Unitas World Development Inc. (“UWD”), a privately held Canadian incorporated company. Pursuant to the Agreement, Altus issued 80,000,000 shares of common stock for the acquisition of 450 shares of common stock of The Canadian Tactical Training Academy Inc., representing 100% of the issued and outstanding shares of common stock, which were held by UWD. Further, Altus changed its name to Canadian Tactical Training Academy Inc. and increased the authorized share capital from 40,000,000 to 250,000,000 shares of common stock and then further from 250,000,000 to 450,000,000. The Company assumed the business Canadian Tactical Training Academy Inc., which is the training of law enforcement, security, investigation and protection for officers and individuals.

 

On June 2, 2014 the Company changed its name to Earth Life Sciences Inc. On June 12, 2015, the Company, through an option agreement, issued 225,000,000 shares to earn the mineral rights for the White Channel mineral claims located in British Columbia.

 

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company is unlikely to pay dividends or generate significant earnings in the immediate or foreseeable future. The continuation of the Company as a going concern and the ability of the Company to emerge from the Development stage are dependent upon management’s successful efforts to raise additional equity financing to continue operations and generate sustainable significant revenues.

 

These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company will require significant additional financial resources and will be dependent on future financings to fund its ongoing operations as well as other working capital requirements. There is no guarantee that management will be able to raise adequate equity financings or generate profits from operations. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern.

 

Management of the Company has undertaken steps as part of a plan with the goal of sustaining Company operations for the next twelve months and beyond. These steps include: (a) continuing efforts to raise additional capital and/or other forms of financing; and (b) controlling overhead and expenses. Management is aware that material uncertainties exist, related to current economic conditions, which could cast a doubt about the Company’s ability to continue to finance its activities. It is to be expected that the Company may incur further losses in the Development of its business and there can be no assurance that any of these efforts will be successful.

 

NOTE 2 – SUMMARY OF ACCOUNTING POLICIES

 

Basis of Presentation

 

The financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and are expressed in U.S. dollars. The Company’s fiscal year-end is December 31. The functional currency of the Company is Canadian Dollars

 

Use of Estimates

 

The preparation of financial statements in conformity with US GAAP 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 revenues and expenses during the reporting periods. Actual results could materially differ from those estimates and assumptions. Significant areas requiring the use of management estimates relate to the determination of impairment of long lived assets, expected tax rates for future income tax recoveries and determining the fair values of financial instruments.

 

 

Equipment

 

Equipment is recorded at cost. Additions are capitalized and maintenance and repairs are charged to expense as incurred. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets which is three years for computers.

 

Impairment of Assets

 

The Company reviews the carrying value of its long-lived assets annually or whenever events or changes in circumstances indicate that the historical carrying value of an asset may no longer be appropriate. The Company assesses recoverability of the carrying value cost of the asset by estimating the future net cash flows expected to result from the asset, including eventual disposition. If the future net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the asset’s carrying value and fair value.

 

Other Comprehensive Income

 

The Company reports and displays comprehensive income and its components in the financial statements. During the three and six months ended June 30, 2015, the Company had unrealized foreign exchange of $497 and $504 respectively.

 

Income Taxes

 

The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statements carrying amounts of assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.

 

The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting this standard, the amount recognized in the financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.

 

Basic and Diluted Loss per Share

 

Basic loss per share is computed using the weighted average number of common shares outstanding during the year. Diluted earnings per share reflect the potential dilution that could occur if potentially dilutive securities were exercised or converted to common stock. The dilutive effect of options and warrants and their equivalent is computed by application of the treasury stock method and the effect of convertible securities by the “if converted” method. For the years presented, diluted loss per share is equal to basic loss per share as the effect of the computations are anti-dilutive.

 

Financial Instruments

 

The carrying value of the Company’s financial instruments, consisting of cash, accounts payable, convertible loans and subscriptions received in advance approximates their fair value. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.

 

Stock-based Compensation

 

Compensation cost related to share-based payments, such as stock options and employee stock purchase plans, are recognized in the financial statements based on the grant-date fair value of the award. The compensation cost associated with the issuance of stock options will be recognized over its vesting period based on the estimated grant-date fair value.

 

Stock awards outstanding under the Company’s current plans are fully vested, therefore there is no unrecognized compensation cost related to non-vested options. No options were granted or exercised during the periods ended June 30, 2016 and 2015.

 

 

Recent Accounting Pronouncements

 

In May 2009, the Financial Accounting Standards Board (“FASB”) issued guidance that establishes general standards of accounting for and disclosure of events that occur subsequent to the balance sheet date but before financial statements are issued. The statements defines two types of subsequent events: 1) recognized subsequent events, which provide additional evidence about conditions that existed at the balance sheet date, and (2) non-recognized subsequent events, which provide evidence about conditions that did not exist at the balance sheet date, but arose before the financial statements were issued. Recognized subsequent events are required to be recognized in the financial statements, and non-recognized subsequent events are required to be disclosed. The adoption had no material impact on the Company’s financial position, results of operations or cash flows.

 

In June 2009, the FASB issued the Accounting Standards Codification, which establishes a sole source of US authoritative GAAP. The Codification is meant to simplify user access to all authoritative accounting guidance by reorganizing US GAAP pronouncements into approximately ninety accounting topics within a consistent structure; its purpose is not to create new accounting and reporting guidance. The adoption of this guidance did not have an effect on the Company’s results of operations, financial position or cash flows.

 

In June 2014, FASB issued Accounting Standards Update (ASU) No. 2014-12 Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation — Stock Compensation . As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The guidance is effective for annual periods beginning after 15 December 2015 and interim periods within those annual periods. Early adoption is permitted. Management has reviewed the ASU and believes that they currently account for these awards in a manner consistent with the new guidance, therefore there is no anticipation of any effect to the consolidated financial statements.

 

In August 2014, FASB issued Accounting Standards Update (ASU) No. 2014-15 Preparation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern. Under generally accepted accounting principles (GAAP), continuation of a reporting entity as a going concern is presumed as the basis for preparing financial statements unless and until the entity’s liquidation becomes imminent. Preparation of financial statements under this presumption is commonly referred to as the going concern basis of accounting. If and when an entity’s liquidation becomes imminent, financial statements should be prepared under the liquidation basis of accounting in accordance with Subtopic 205-30, Presentation of Financial Statements—Liquidation Basis of Accounting. Even when an entity’s liquidation is not imminent, there may be conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern. In those situations, financial statements should continue to be prepared under the going concern basis of accounting, but the amendments in this Update should be followed to determine whether to disclose information about the relevant conditions and events. The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The Company will evaluate the going concern considerations in this ASU, however, at the current period, management does not believe that it has met conditions which would subject these financial statements for additional disclosure.

 

NOTE 3 – MINERAL PROPERTIES

 

On June 19, 2015, the Company entered into an option agreement (“Agreement”) with Song Bo, a private mineral holder, to earn a 100% beneficial interest in certain mineral concessions known as the White Channel mineral claims (the “Property”).  Under the terms of the Agreement the Company will have the right to purchase the right, title, and interest in the Property as well as enter onto the Property to conduct reconnaissance, exploration, and development work on the Property.  In exchange, the Company issued 225,000,000 restricted shares and will pay the sum of $180,000 payable in instalments of $30,000 on the 15th of every month commencing July 15, 2015 through December 15, 2015.  In addition, the Company shall pay a further $50,000 on each anniversary of the Agreement for a period of four years commencing June 19, 2016 through June 19, 2019.  The fair value of the issuance of the restricted shares was calculated to be $6,750,000.

 

The Property is subject to a 4% NSR on precious metals, and also subject to royalty payments of $0.25 per tonne on the sale of pit run products or processed products; or $0.35 per tonne on the sale of processed mineral products where the selling price of the processed minerals products sell for a price in excess of $35 per tonne; or an amount of $1.00 per tonne on the same of processed mineral products where the selling price of the processed mineral products sell for a price in excess of $100 per tonne. 50% of the NSR can purchased by the Company for $1,000,000 at any time before the fifth-year anniversary of the Agreement.

 

 

NOTE 4 – CONVERTIBLE LOANS PAYABLE

 

As at June 30, 2016, 2015, the Company had convertible debt of $32,720 (December 31, 2015 - $32,720).

 

The Loans are convertible at the shareholders’ option into common stock at a conversion rate of $0.001 per common share. The Company may prepay the without penalty or bonus.

 

NOTE 5 – COMMON STOCK

 

On April 25, 2014, the Company converted $55,000 of its convertible debt into 184,371 shares of common stock of the Company. Pre-split, this equated to 55,000,000 shares.

 

On June 2, 2015, the Company completed a reverse stock split of 40:1.

 

On June 10, 2015, the Company completed a reverse stock split of 8:1.

 

On June 20, 2015, the Company issued 225,000,000 common shares pursuant to the acquisition of the White Channel property.

 

On June 24, 2015, the Company issued a total of 45,000,000 shares to satisfy certain outstanding convertible debt in the amount of $45,000.

 

NOTE 6 – INCOME TAXES

 

The Company is subject to United States federal and state income taxes at an approximate rate of 35%. The amount taken into income as deferred income tax assets must reflect that portion of the income tax loss carry forwards that is more likely-than-not to be realized from future operations. The Company has chosen to provide a full valuation allowance against all available income tax loss carry forwards, regardless of their time of expiry.

 

No provision for income taxes has been provided in these financial statements due to the net loss for the periods ended June 30, 2016 and 2015.

 

 

ITEM 2. MANAGEMENT DISCUSSION AND ANALYSIS AND PLAN OF OPERATION

 

RESULTS OF OPERATIONS

 

Six months ended June 30, 2016 and 2015

 

Our net loss for the six months ended June 30, 2016 was $73,683 as compared to a loss of $21,076 for the six months ended June 30, 2015.

 

General and administrative expenses for the six months ended June 30, 2016 and 2015 were $- and $11,123, respectively.

 

We incurred interest expense during the six months ended June 30, 2016 and 2015 were $- and $1,912, respectively. The Company had revenues during the six months ended June 30, 2016 and 2015 were $- and $18,100, respectively.

 

LIQUIDITY AND CAPITAL RESOURCES

 

If we are unsuccessful in obtaining financing and fail to achieve and sustain a profitable level of operations, we may be unable to fully implement our business plans or continue operations. Future financing through equity, debt or other sources could result in the dilution of Company equity, increase our liabilities, and/or restrict the future availability and use of cash resources. Additionally, there can be no assurance that adequate financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms. If we are not able to obtain the additional financing on a timely basis, we will be unable to execute our business plans, and will be required to scale back the pace and magnitude of our oil and gas prospects drilling and development initiatives. We also may not be able to meet our vendor and service provider obligations as they become due. In such event, we will be forced to cease our operations.

 

FUTURE OPERATIONS

 

CASH REQUIREMENTS

 

During the twelve month period ending December 31, 2016, we project cash requirements of approximately $250,000 as we continue to restructure our activities.

 

Our estimated funding needs for the next twelve months are summarized below:

 

Estimated Funding Required During the Twelve Month Period Ending December 31, 2016

 

Operating, general and administrative costs   $ 300,000  
Revenue     50,000  
TOTAL   $ 250,000  

 

PURCHASE OF SIGNIFICANT EQUIPMENT

 

We do not intend to purchase any significant equipment over the next twelve months ending June 30, 2016.

 

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

ITEM 4. CONTROLS AND PROCEDURES

 

Evaluation of Disclosure Controls and Procedures

 

Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (“Exchange Act”). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that our disclosure controls and procedures were not effective as of June 30, 2016, due to the material weaknesses resulting from the Board of Directors not currently having any independent members and no director qualifies as an audit committee financial expert as defined in Item 407(d)(5)(ii) of Regulation S-K, and controls were not designed and in place to ensure that all disclosures required were originally addressed in our financial statements.

 

Changes in Internal Control over Financial Reporting

 

Our management has also evaluated our internal control over financial reporting, and there have been no significant changes in our internal controls or in other factors that could significantly affect those controls subsequent to the date of our last evaluation.

 

The Company is not required by current SEC rules to include, and does not include, an auditor’s attestation report. The Company’s registered public accounting firm has not attested to Management’s reports on the Company’s internal control over financial reporting.

 

 

PART II - OTHER INFORMATION

 

ITEM 1. LEGAL PROCEEDINGS

 

The Company has no known legal disputes at this time.

 

ITEM 1A. RISK FACTORS

 

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

None.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

The Company has no senior securities outstanding.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not Applicable.

 

ITEM 5. OTHER INFORMATION

 

None.

 

 

ITEM 6. EXHIBITS

 

Exhibits required by Item 601 of Regulation S-B

 

(3) ARTICLES OF INCORPORATION AND BYLAWS

 

3.1 Articles of Incorporation (incorporated by reference to our SB2 Registration Statement filed January 29, 2002).

 

3.2 Bylaws (incorporated by reference to our SB2 Registration Statement filed January 29, 2002).

 

3.3 Certificate of Forward Stock Split filed with Nevada Secretary of State on November 6, 2003. (incorporated by reference from our Annual Report on Form 10-KSB, filed on April 13, 2004)

 

3.4 Certificate of Change Pursuant to NRS 78.209 filed with the Nevada Secretary of State on February 2, 2004. (incorporated by reference from our Annual Report on Form 10-KSB, filed on April 13, 2004)

 

3.5 Certificate of Amendment (Name Change) filed with the Nevada Secretary of State on November 4, 2010.

 

3.6 Certificate of Amendment to increase the number of authorized shares from 250,000,000 to 450,000,000) filed with the Nevada Secretary of State on June 2, 2011.

 

(10) MATERIAL CONTRACTS

 

10.1 Convertible Loan Agreement between Altus Explorations Inc. and CodeAmerica Investments, LLC dated March 8, 2007 (incorporated by reference from our Current Report on Form 8-K, filed on March 13, 2007).

 

10.2 Convertible Loan Agreement between Altus Explorations Inc. and Paragon Capital, LLC dated March 8, 2007 (incorporated by reference from our Current Report on Form 8-K, filed on March 13, 2007).

 

10.3 Convertible Loan Agreement between Altus Explorations Inc. and DLS Energy Associates, LLC dated March 8, 2007 (incorporated by reference from our Current Report on Form 8-K, filed on March 13, 2007).

 

10.4 2004 Stock Option Plan (incorporated by reference from our Registration Statement of Form S-8, filed on February 27, 2004)

 

10.5 Agreement between Earth Life Science Inc. and Bo Song pursuant to the acquisition of the White Channel mineral property dated May 16, 2015. 

 

(31) Certification Pursuant to Rule 13a-14(a) or 15d-14(a) of the U.S. Securities Exchange Act of 1934

 

(32) Section 1350 Certification of the Principal Executive Officer and Principal Financial Officer

 

 

SIGNATURES

 

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, on March 10, 2020.

 

EARTH LIFE SCIENCES INC.

 

By:  /s/ Angelo Marino  
Angelo Marino
President

 

In accordance with the requirements of the Exchange Act, this Form 10-Q for the period ended June 30, 2016 report has been signed by the following persons on behalf of the registrant and in the capacities indicated on the dates indicated.

  

EARTH LIFE SCIENCES INC.

 

Signature   Title   Date  
By:  /s/Angelo Marino   President   March 10, 2020  

 

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