Amended Quarterly Report (10-q/a)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q/A

Amendment No. 1

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

For the quarterly period ended March 31, 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: 333-59114

AMAIZE BEVERAGE CORPORATION

(Exact name of small business issuer as specified in charter)

Nevada		33-0730042
(State or other jurisdiction of		(I.R.S. Employer
incorporation or organization)		Identification No.)

5042 Wilshire Blvd. #34708, Los Angeles, CA		90036
(Address of principal executive offices)		(Zip Code)

(949) 287-3164

(Issuer’s Telephone number, including area code)

(Former name, former address, and former fiscal year, if changed since last report)

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

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 [ ] No [X]

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

Large accelerated Filer	[ ]	Accelerated filer	[ ]
Non-accelerated filer	[ ]	Smaller reporting company	[X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act) Yes [ ] No [X]

Indicate the number of shares of the registrant’s common stock outstanding of each of the insurer’s common stock, as of the latest practicable date.

The number of shares outstanding of the registrant’s only class of common stock, $0.001 par value per share, was 15,708,030 as of July 28, 2017. The registrant has no outstanding non-voting common equity.

Explanatory Note

Amaize Beverage Corporation (the “Company”) is filing this Amendment to the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2017 (“Form 10-Q”) which was originally filed on August 9, 2017 with the Securities and Exchange Commission (the “SEC”), for the purpose of correcting a minor, non-material error in the total weighted number of common shares outstanding basic and diluted on the Statements of Operations for the three months and the nine months ended March 31, 2017. The General and Administrative Expense tables appearing in Item 2 of this amendment were also corrected. Additionally, certain minor grammatical and typographical errors in the document have been corrected.

Except as described above, this Amendment does not amend, update or change the financial statements in the Form 10-Q.

AMAIZE BEVERAGE CORPORATION

QUARTERLY REPORT ON FORM 10-Q

FOR THE PERIOD ENDED MARCH 31, 2017

TABLE OF CONTENTS

		PAGE

PART I. FINANCIAL INFORMATION

Item 1.	Financial Statements	4

	(a) Balance Sheets (unaudited)	4
	(b) Statements of Operations (unaudited)	5
	(c) Statements of Cash Flows (unaudited)	6
	(d) Notes to Financial Statements (unaudited)	7

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11

Item 3.	Quantitative and Qualitative Disclosures about Market Risk	14

Item 4.	Controls and Procedures	15

PART II. OTHER INFORMATION

Item 1.	Legal Proceedings	17

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	17

Item 3.	Defaults On Senior Securities	17

Item 4.	Mine Safety Disclosures	17

Item 5.	Other Information	17

Item 6.	Exhibits	17

Signatures		18

PART I - FINANCIAL INFORMATION

Amaize Beverage Corporation

Balance Sheets

(Unaudited)

	March 31, 2017			June 30, 2016
ASSETS
Current Assets
Cash	$	-		$	-
Total Current assets		-			-

Property and Equipment
Office Equipment (Net of Accumulated Depreciation)		2,977			5,113
Total Fixed Assets		2,977			5,113

Total Assets	$	2,977		$	5,113

LIABILITIES and STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts Payable	$	161,874		$	160,824
Accounts Payable Related Party		-			16,500
Accrued Liabilities		6,545			6,545
Liability for Lawsuit Judgement		200,761			200,761
Liability for Lease Judgement		181,968			181,968
Payroll Taxes		3,592			3,592
Shareholder Loans		61,143			50,028
Total Current Liabilities		615,883			620,218

Total Liabilities		615,883			620,218

Commitments and Contingencies

Stockholders’ Deficit
Preferred Stock $0.001 Par Value 25,000,000 Authorized
No Shares Issued		-			-
Common Stock $0.001 Par Value 200,000,000 Shares Authorized 15,708,030 and 15,558,030 Issued and Outstanding at March 31, 2017 and June 30, 2016 Respectively		15,708			15,558
Additional Paid-In Capital		52,515,882			52,478,532
Deficit Accumulated		(53,144,496	)		(53,109,195	)

Total Stockholders’ Deficit		(612,906	)		(615,105	)

Total Liabilities and Stockholders’ Deficit	$	2,977		$	5,113

The accompanying notes are an integral part of these unaudited financial statements.

Amaize Beverage Corporation

Statements of Operations

(Unaudited)

	For the Three Months Ended March 31, 2017		For the Three Months Ended March 31, 2016		For the Nine Months Ended March 31, 2017			For the Nine Months Ended March 31, 2016

Revenues	$	-	$	-	$	-		$	-

Operating Expenses

General and Administrative Expenses		4,000		5,323		35,301			1,595,329
Loss on Settlement of Liabilities with Equity Related Party				-					16,125
Total Operating Expenses		4,000		5,323		35,301			1,611,454

Operating Loss		4,000		5,323		(35,301	)		(1,611,454	)

Provision for Income Taxes		-		-		-			-

Net Loss	$	4,000	$	5,323	$	(35,301	)	$	(1,611,454	)

Net Loss Per Share Basic and Diluted	$	0.00	$	0.00	$	(0.00	)	$	(0.12	)

Weighted Average Number of Common Shares
Outstanding Basic and Diluted		15,708,030		15,558,030		15,697,081			13,374,266

The accompanying notes are an integral part of these unaudited financial statements.

Amaize Beverage Corporation

Statements of Cash Flows

(Unaudited)

	For the Nine Months Ended March 31, 2017			For the Nine Months Ended March 31, 2016
Cash Flows from Operating Activities
Net Loss	$	(35,301	)	$	(1,611,454	)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities
Depreciation		2,136			2,136
Loss on Settlement of Liabilities for Equity		-			16,125
Shares Issued for Directors’ Fees		-			162,000
Shares Issued for Services Related Parties		21,000			1,438,483
Changes in Operating Assets and Liabilities
Increase in Accounts Payable		1,050			5,453
Decrease in Directors’ Fees		0			(157,500	)
Decrease in Accounts Payable Related Parties		0			9,750
Net Cash Used in Operations		(11,115	)		(22,507	)

Cash Flows from Investing Activities		-			-
Net Cash Provided by (Used In) Financing Activities		-			-

Cash Flows from Financing Activities
Shareholder Loans Advanced		11,115			20,506
Net Cash Provided by Financing Activities		11,115			20,506

Net Increase / Decrease in Cash		-			(2,001	)

Cash Beginning of Period					2,001

Cash Ending of Period	$	-		$	-

Supplemental Disclosure
Income Taxes Paid	$	-		$	-
Interest Paid	$	-		$	-
Supplemental Disclosure of Non-Cash Investing and Financing Activities
Shares issued fror Services	$	-		$	112,500
Shares Issued for Services Related Party	$	21,000		$	1,438,483
Settlement of Directors’ Fees for Shares	$	-		$	162,000
Settlement of Accounts Payable with Equity Related Parties	$	16,500		$	8,875
Loss on Settlement of Liabilities with Equity Related Parties	$	-		$	16,125

The accompanying notes are an integral part of these unaudited financial statements.

AMAIZE BEVERAGE CORPORATION

FOOTNOTES TO UNAUDITED FINANCIAL STATEMENTS

For the Nine Month Periods Ended March 31, 2017 and 2016

Note 1. The Company

On October 4, 2013, Healthient, Inc. (“the Company”) changed its name to SnackHealthy, Inc. and dissolved its sole wholly-owned subsidiary SnackHealthy, Inc., a Nevada corporation. As of June 26, 2015, a majority of the shareholders of the Company representing not less than 9,327,859 shares of common stock (82.83%) consented in writing to change the Company’s name to Amaize Beverage Corporation. Such approval and consent constitute the approval and consent of a majority of the total number of shares of outstanding common stock and are sufficient under the Nevada General Corporation Law and the Company’s Bylaws to approve the above action. On August 13, 2015, Amaize Beverage Corporation, previously known as SnackHealthy, Inc., a Nevada corporation filed an amendment to its articles of incorporation (the “Amendment”) with the Secretary of State of the state of Nevada. The Amendment provided for the change of the Company’s name from SnackHealthy, Inc., to Amaize Beverage Corporation. The name change and the change of the Company’s trading symbol were subsequently declared effective by the Financial Industry Regulatory Authority as of August 19, 2015.

The Company’s focus is on the research, development, and sale of high-quality, hemp derived CBD products. The Company has developed an initial product line of CBD supplements in the form of softgel caps, oils and topical creams which the Company plans to sell under the brand name “Curative Biosciences”.

Note. 2 Significant Accounting Policies

Basis of Presentation

The accompanying unaudited financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and with the instructions to Form 10-Q as they are prescribed for smaller reporting companies. Accordingly, they do not include all the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the financial statements not misleading have been included. Operating results for the nine-months March 31, 2017 are not necessarily indicative of the results that may be expected for the year ending June 30, 2017. These statements should be read in conjunction with the financial statements and related notes, which are included in the Company’s Annual Report on Form 10-K for the year ended June 30, 2016.

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, the disclosure of contingent assets and liabilities on the date of the financial statements and the reported amounts of revenues and expenses during the period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with an original maturity of three months or less as cash equivalents.

Financial Instruments

The carrying value of the Company’s financial instruments, including cash and cash equivalents, accounts receivable, accounts payable, and amounts due to related parties, as reported in the accompanying balance sheets, approximates fair value due to the short-term nature of these financial instruments.

Property and Equipment

Property and equipment are stated at cost and depreciated on the straight-line method over the estimated life of the asset, which is three to seven years.

Website Development Costs

The Company has adopted the provisions of FASB Accounting Standards Codification No. 350 Intangible-Goodwill and Other. Costs incurred in the planning state of websites are expensed, while costs incurred in the development stage are capitalized and amortized over the estimated three-year life of the asset. All website development costs have been fully amortized at March 31. 2017

Other Assets

Our drink license was amortized over three years and is fully amortized at March 31. 2017.

Long-Lived Assets

In accordance with ASC 350, the Company regularly reviews the carrying value of intangible and other long-lived assets for the existence of facts or circumstances, both internally and externally, that may suggest impairment. If impairment testing indicates a lack of recoverability, an impairment loss is recognized by the Company if the carrying amount of a long-lived asset exceeds its fair value.

Income Taxes

The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”) Income Taxes. Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing 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. Under ASC 740-10-25, 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.

Revenue Recognition

Revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, products are shipped, which is when title and risk of loss pass to the customer and collectability of the amount is reasonably assured. Specifically, revenue is recognized when products are shipped, which is when title and risk of loss pass to the customer. The Company classifies selling discounts and rebates, if any, as a reduction of revenue.

Advertising Costs

The Company’s policy regarding advertising is to expense advertising when incurred. The Company incurred no advertising expenses during the periods ended March 31. 2017 and 2016.

Stock-Based Compensation

In December 2004, the FASB issued FASB Accounting Standards Codification No. 718, Compensation – Stock Compensation . Under FASB Accounting Standards Codification No. 718, companies are required to measure the compensation costs of share-based compensation arrangements based on the grant-date fair value and recognize the costs in the financial statements over the period during which employees are required to provide services. Share-based compensation arrangements include stock options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans. As such, compensation cost is measured on the date of grant at their fair value. Such compensation amounts, if any, are amortized over the respective vesting periods of the option grant. The Company applies this statement prospectively.

Equity instruments (“instruments”) issued to other than employees are recorded on the basis of the fair value of the instruments, as required by FASB Accounting Standards Codification No. 718. FASB Accounting Standards Codification No. 505, Equity Based Payments to Non-Employees defines the measurement date and recognition period for such instruments. In general, the measurement date is when either a (a) performance commitment, as defined, is reached or (b) the earlier of (i) the non-employee performance is complete or (ii) the instruments are vested. The measured value related to the instruments is recognized over a period based on the facts and circumstances of each particular grant as defined in the FASB Accounting Standards Codification.

Basic and Diluted Net Loss per Common Share

Net loss per common share is computed pursuant to FASB Accounting Standards Codification No. 260, Earnings per Share . Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed in the same way as for basic net loss.

Reclassifications

Certain amounts previously presented for prior year have been reclassified. The reclassifications had no effect on net loss, total assets, or stockholders’ deficit.

Recent Accounting Pronouncements

The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements may be expected to cause a material impact on its financial condition or the results of its operations.

Note 3. Going Concern

The financial statements have been prepared assuming the Company will continue as a going concern which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company incurred a net loss of $35,301 for the period ended March 31. 2017and accumulated losses of $53,144,496 since inception to March 31. 2017. Cash used in operations for the period ended March 31. 2017 was $11,115 and as of March 31. 2017, we had a working capital deficit of $615,883. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan.

Management believes that the actions presently being taken and the success of future operations will be sufficient to enable the Company to continue as a going concern, however, there can be no assurance that the raising of equity will be successful or that the Company will be able to achieve profitability. Failure to achieve the needed equity funding or establish profitable operations would have a material adverse effect on the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Note 4. Property and Equipment

The Company started the construction of several websites all of which have been completed and were amortized over three years. Computers and furniture are being depreciated over three to seven years.

Property and equipment were as follows:

	March 31. 2017		June 30, 2016

Office equipment	$	22,165	$	22,165
Accumulated depreciation		19,188		17,052
Net book value	$	2,977	$	5,113

Note 5. Commitments and Contingencies

Lease Commitments

The Company gave up its leased office space in Jupiter, Florida in January 2014, and acquired a new office in Newport Beach, California. The Florida leaseholder obtained a judgment in the amount of $181,968 for the remainder of the monthly lease payments through June 2016 pursuant to the terms of the lease agreement plus legal fees of $1,487. The Company has recorded the full amount of the judgment, however believes that when the facility is re-leased it may not have to pay the full amount. The leaseholder has executed a new lease with a new tenant, however, the exact terms of the new lease are unknown at this time. The Company plans to file for the release of the amount of the judgment over and above the actual loss incurred by the leaseholder. There is no guarantee that such a filing will be successful and that the Company will be able to mitigate its loss in this way.

In January 2014, the Company entered into a lease at the rate of $1,439 per month which ended December 2014. In January 2015, the Company was equipped to operate in a virtual environment. We believe that our existing arrangement which provides for virtual pbx telephone, à la carte conference space, address services, mail forwarding and hosting facilities to be highly cost effective and adequate to meet our current needs. The Company plans to seek suitable additional space when needed.

The Company has not invested in any real property at this time, nor does the Company intend to do so. The Company has no formal policy with respect to investments in real estate or investments with persons primarily engaged in real estate activities.

Legal

In June of 2013, a former officer of the Company filed a lawsuit against the Company and its President and directors alleging several counts, including a breach of contract and fiduciary duty, and seeking damages in the amount of $122,300 and other unspecified damages. On March 20, 2015 the court entered a final judgment in the amount of $200,761 comprised of the principal amount of $122,344 plus prejudgment interest from September 15, 2012 through the date of judgment in the amount of $54,421, costs in the amount of $773, and attorney’s fees of $23,222. The court dismissed the case against any party not listed in the final order and the case is now closed as to all parties. As of March 31. 2017 the Company had accrued in full for this liability of $200,761 in its financial statements.

Note 6. Stockholders’ Deficit

The Company has authorized 200,000,000 shares of common stock with a par value of $0.001 and 25,000,000 shares of preferred stock with a par value of $0.001.

During the year ended June 30, 2016 the Company issued 3,708,039 shares of common stock valued at $1,463,483 for services rendered by related parties, 112,500 shares of common for services valued at $112,500, and 476,461 shares of common stock in payment of Directors’ fees valued at $162,000.

During the nine months ended March 31. 2017 the Company issued 150,000 shares of common stock in payment of accounts payable to a related party and for services rendered to the company during the current period.

Note 8. Loans from Directors and Shareholders

During the nine months ended March 31. 2017 a related party advanced the Company loans in the amount of $11,115. As of March 31. 2017 the balance of loans outstanding was $61,143. The loans are non-interest bearing and due on demand.

Share valuations are determined by the closing quoted share price of the stock on the date the issuance is authorized by the Board of Directors.

Note 9. Income Taxes

The components of the deferred tax asset are as follows:

Deferred tax assets	March 31. 2017			June 30, 2016
Net operating loss carry-forwards and other nominal temporary differences	$	577,320		$	574,200
Valuation allowance		(577,320	)		(574,200	)

Net deferred tax assets	$	-		$	-

The Company had available approximately $1,698,000 at March 31. 2017 and $1,688,800 at June 30, 2016 of unused federal and Florida net operating loss carry-forwards that may be applied against future taxable income. These net operating loss carry-forwards expire through 2033.

There is no assurance that the Company will realize the benefit of the net operating loss carry-forwards. ASC No. 740 requires a valuation allowance to be recorded when it is more likely than not that some or all of the deferred tax assets will not be realized.

Reconciliation of the differences between the statutory tax rate and the effective income tax rate is as follows at March 31. 2017 and June 30, 2016 respectively:

Statutory rate	34	%
State taxes, net of federal tax benefit	0	%
Effective tax rate	34	%

Note 10. Subsequent Events

The majority shareholders of Amaize Beverage Corporation approved as of August 29, 2017, in a written consent of the majority of the shareholders as of the same date, a name change from the Company’s current name to “Curative Biosciences, Inc.”. The Company believes that its new name will better reflect the new direction of the Company’s business which will focus on the research, development, and sale of high-quality, hemp derived CBD products. The Company’s new web address is www.CurativeBio.com. Following the required regulatory approval and filing of the amended articles of incorporation, the Company will announce the effective date of the name change. On December 22, 2017, the Company issued 3,866,665 shares of common stock for services valued at $290,000 to a related party.

ITEM 2 - Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements of belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements may include the words “may,” “will,” “estimate,” “intend,” “continue,” “believe,” “expect” or “anticipate” and any other similar words. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, such as those disclosed or incorporated by reference in our filings with the Securities and Exchange Commission. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward- looking statements include, among others, the following:

●	product liability claims;

●	our relationship with, and our ability to influence the actions of, our distributors;

●	adverse publicity associated with our industry, products or ingredients;

●	improper action by our employees in violation of applicable law;

●	changing consumer preferences and demands;

●	loss or departure of any member of our senior management team which could negatively impact our distributor and/or buyer relations and operating results;

●	the competitive nature of our business;

●	regulatory matters governing our products, including potential governmental or regulatory actions concerning the safety or efficacy of our products or ingredients;

●	risks associated with operating internationally and the effect of economic factors, including foreign exchange, inflation, pricing and currency devaluation risks;

●	our dependence on increased penetration of existing markets;

●	contractual limitations on our ability to expand our business;

●	our reliance on our information technology infrastructure and outside manufacturers;

●	the sufficiency of trademarks and other intellectual property rights;

●	product concentration;

●	our reliance on our management team;

●	uncertainties relating to the application of transfer pricing, duties, value added taxes, and other tax regulations, and changes thereto;

●	changes in tax laws, treaties or regulations, or their interpretation;

●	any collateral impact resulting from the ongoing worldwide financial “crisis,” including the availability of liquidity to us, our customers and our suppliers or the willingness of our customers to purchase products in a recessionary economic environment; and;

●	whether we will purchase any of our shares in the open markets or otherwise.

OVERVIEW

To more effectively facilitate the process of shifting to retail distribution, in November 2013, Richard Damion joined our Company as the acting Chief Executive Officer. He was then approved by the Board of Directors as the Company’s Chief Executive Officer in January, 2014. On February 15, 2015, the Board of Directors of the Company appointed A.R. (Bud) Grandsaert as the Company’s new President. Richard Damion resigned as the Company’s President as of that date, however, he remains the Company’s Chief Executive Officer and Director.

The company has transitioned out of our lower margin, perishable snack food product lines and have focused our resources solely on developing our new healthy beverages and is now focused on the research, development, and sale of high-quality, hemp derived CBD products. The Company has developed an initial product line of CBD supplements in the form of softgel caps, oils and topical creams which the Company plans to sell under the brand name “Curative Biosciences”. Of all the known cannabinoids, CBD has captured the most scientific interest and is now used in the treatment of a broad and growing range of conditions and symptoms from sleep and pain, to anxiety and inflammation, to Parkinson’s disease and epilepsy without any intoxicating effects such as those caused by tetrahydrocannabinol (THC). In sports medicine CBD is used to treat and prevent pain, inflammation and stress, and has been credited with helping bones, nerves, and tissue heal and regenerate. After much scientific research, the World Anti-Doping Agency (WADA) recently announced that CBD would be removed from its 2018 banned substances list, allowing professional athletes to use the cannabis compound without risk of league suspension or loss of sponsors. We plan to commence sales of these products in 2018, and while there can be no assurance, management believes that this strategy will ultimately prove successful. The Company is currently seeking the necessary financing to pursue its business and growth plans, however, no assurances can be given that the Company will obtain the necessary financing.

We are a virtual company with a focus on staying lean through the use of cloud based technologies, maintaining low overhead, and plan to use subcontracting services, channeling sales through commissioned brokers, and developing products through reputable qualified growers and suppliers.

Significant Accounting Policies

For the Company’s significant accounting policies see “Footnote 2” to the accompanying March 31. 2017 unaudited financial statements.

Presentation

“Net sales,” reflect distribution allowances, handling and shipping income, represent what we collect and recognize as net revenues in our financial statements.

Our “gross profit” consists of net sales less “cost of sales,” which represents the prices we pay to our raw material suppliers and manufacturers of our products as well as costs related to product shipments to our warehouse and distribution center, duties and tariffs, expenses relating to shipment of products to customers and importers and similar expenses.

“Selling fees” consist of commissions, overrides and production bonuses.

Our “operating margins” consist of net sales, less cost of sales and selling fees.

“General and administrative expenses” represent our operating expenses, components of which include labor and benefits, sales and marketing events, professional fees, travel and entertainment, marketing, occupancy costs, communication costs, bank fees, depreciation and amortization and other miscellaneous operating expenses.

RESULTS OF OPERATIONS

Our results of operations for the periods below are not necessarily indicative of results of operations for future periods, which depend on numerous factors, including our ability to distribute our products through major retailers, open new markets, penetrate existing markets, and our ability to secure, develop and introduce new products.

Three and Nine Months Ended March 31, 2017 Compared to Three and Nine Months Ended March 31, 2016.

Revenue

The Company had no revenues in the three and nine months ended March 31, 2017 and 2016.

Cost of Revenues

The Company recognized no cost of sales in the three and nine month periods ended March 31, 2017 or 2016 as it recognized no sales during these periods.

Gross Profit

The Company recognized no gross profit in the three and nine months ended March 31, 2017 and 2016 due to the factors described above.

Selling Expenses

The Company incurred no selling expenses in the three and nine months ended March 31, 2017 and 2016 as it had no sales activity in these periods.

General and Administrative Expenses

General and administrative expenses comprised the following for the three months ended March 31, 2017 and 2016:

	GENERAL AND ADMINISTRATIVE
	Three Months ended March 31, 2017		Three Months ended March 31, 2016

Independent contractors	$	-	$	3,125
Directors’ fees		-		-
Professional fees		1,205		(4,368	)
Technology		878		3,087
Product development		-		-
Travel and entertainment		217		159
Office expenses		240		2,077
Telephone		748		531
Depreciation		712		712

	$	4,000	$	5,323

General and administrative expenses comprised the following for the nine months ended March 31, 2017 and 2016:

	GENERAL AND ADMINISTRATIVE
	Nine Months ended March 31, 2017		Nine Months ended March 31, 2016

Independent contractors	$	21,000	$	1,448,233
Directors’ fees				4,500
Professional fees		6,628		13,577
Technology		2,594		69,848
Product development		-		50,000
Travel and entertainment		218		3,794
Office expenses		686		2,365
Telephone		2,039		876
Depreciation		2,136		2 ,136

	$	35,301	$	1,595,329

General and administrative expenses consist primarily of professional advisor fees, audit fees and travel associated with exploring new opportunities. Our general and administrative expenses for the nine months ended March 31, 2017 were approximately $1,560,000 less as compared to the nine months ended March 31, 2016. The decrease was due to fewer shares being issued for the non-cash payment of services to related parties included in independent contractors, no additional product development costs and a substantial reduction in technology costs.

Provision for Income Taxes

We incurred taxable losses; consequently, no liability for taxation was incurred during the nine months ended March 31, 2017 or 2016.

Net Loss

The net loss for the nine months ended March 31, 2017 was $35,301 as compared to $1,611,454 for the nine months ended March 31, 2017.

Liquidity and Capital Resources

The Company had no cash balance as of March 31, 2017 and a working capital deficit as follows:

Total current assets	$	-
Total current liabilities		615,883
Working capital deficit	$	(615,883	)

The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and to successfully implement its business plan. Management believes that the actions presently being taken and the success of future operations may be sufficient to enable the Company to continue as a going concern. However, there can be no assurance that the raising of equity will be successful. Failure to achieve the needed equity funding could have a material adverse effect on the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Cash Flows

The following table summarizes selected items from our accompanying Statement of Cash Flows for the nine months ended March 31, 2017 and 2016.

Net cash provided by (used in):	March 31, 2017			March 31, 2016
Operating activities	$	(11,115	)	$	(20,506	)
Investment activities		-			-
Financing activities		11,115			20,506
Total change in cash	$	-		$	-

During the nine months ended March 31, 2017 and 2016, the Company’s operating activities of $11,115 and $20,506 respectively, were paid by loans from a shareholder of the Company.

Off Balance Sheet Arrangements

At March 31, 2017, we had no material off balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K.

ITEM 3 - Quantitative and Qualitative 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

A system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-l5(e)) under the Securities Exchange Act of 1934,as amended the “Exchange Act” are controls and other procedures that are designed to provide reasonable assurance that the information that the Company is required to disclose in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to the Company’s management, including the Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. There are inherent limitations to the effectiveness of any system of disclosure controls and procedures, including the possibility of human error and the circumvention or overriding of the controls and procedures. Accordingly, even effective disclosure controls and procedures can only provide reasonable assurance of achieving their control objectives, and management necessarily is required to use its judgment in evaluating the cost-benefit relationship of possible controls and procedures. In addition, the design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Moreover, over time, controls may become inadequate because of changes in conditions, or the degree of compliance with policies or procedures may deteriorate. Because of the inherent limitations in a control system, misstatements due to error or fraud may occur and not be detected.

The Company’s Chief Executive Officer and Chief Financial Officer are responsible for establishing and maintaining disclosure controls and procedures for the Company, and have concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) were not effective as of the end of the period covered by this report, based on their evaluation of these controls and procedures required by paragraph (b) of Rules 13a-15(f) and 15d-15(f), due to certain material weaknesses in our internal control over financial reporting as discussed below.

Internal Control over Financial Reporting

The Company’s management is responsible for establishing and maintaining adequate internal controls over financial reporting for the Company. Due to limited resources, Management conducted an evaluation of internal controls based on criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”). The results of this evaluation determined that our internal control over financial reporting was ineffective as of March 31, 2017, due to material weaknesses. A material weakness in internal control over financial reporting is defined as a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible for oversight of our financial reporting.

Management’s assessment identified the following material weaknesses in internal control over financial reporting:

	●	The small size of our Company limits our ability to achieve the desired level of separation of internal controls and financial reporting. We currently do not have independent directors on our Board of Directors to review and oversee the financial policies and procedures of the Company.

	●	We do not have a functional audit committee since our Board of Directors acts as the audit committee.

	●	We have not achieved the desired level of documentation of our internal controls and procedures. When the Company obtains sufficient funding, this documentation will be strengthened through utilizing a third party consulting firm to assist management with its internal control documentation and further help to limit the possibility of any lapse in controls occurring.

As a result of the material weaknesses in internal control over financial reporting described above, the Company’s management has concluded that, as of March 31, 2017, the Company’s internal control over financial reporting was not effective based on the criteria in Internal Control - Integrated Framework issued by the COSO.

To date, the Company has not been able to establish an Audit Committee with an independent director due its limited financial resources. When the Company obtains sufficient funding, Management intends to add establish its Audit Committee and charge them with assisting the Company in addressing the material weaknesses noted above. The Company’s lack of current financial resources makes it impossible for the Company to hire the appropriate personnel needed to overcome these weaknesses and ensure that appropriate controls and separation of responsibilities of a larger organization exist. We also will continue to follow the standards for the Public Company Accounting Oversight Board (United States) for internal control over financial reporting to include procedures that:

	●	Pertain to the maintenance of records in reasonable detail accurately that fairly reflect the transactions and dispositions of the Company’s assets;

	●	Provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the Board of Directors; and

	●	Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the Company’s assets that could have a material effect on the financial statements.

Changes in Internal Control over Financial Reporting

Our management determined that there were no changes made in our internal controls over financial reporting during the nine months ended March 31, 2017 that have materially affected, or are reasonably likely to materially affect our internal control over financial reporting.

PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS

None.

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 to our Company.

ITEM 5 - OTHER INFORMATION

None.

ITEM 6 – EXHIBITS

(a) Exhibits

Exhibit No.		Description

Exhibit 31.1		CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT

Exhibit 31.2		CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT

Exhibit 32.1		CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT

101.INS		XBRL Instance Document

101.SCH		XBRL Schema Document

101.CAL		XBRL Calculation Linkbase Document

101.DEF		XBRL Definition Linkbase Document

101.LAB		XBRL Label Linkbase Document

101.PRE		XBRL Presentation Linkbase Document

SIGNATURES

Pursuant to the requirements of Section 12 of the Securities Exchange Act of 1934, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.

	AMAIZE BEVERAGE CORPORATION

Date: January 16, 2018	By:	/s/ Richard Damion
		Richard Damion
		Chief Executive Officer

	By:	/s/ William Lindberg
		William Lindberg
		Chief Financial Officer