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. ¨

As used in this Annual Report on Form 10-K, the terms “we”, “us”, “our”, the “Company”, “Carnegie Development, Inc.” and “Carnegie Development” mean “Carnegie Development, Inc”, and its consolidated subsidiaries, unless otherwise indicated.

This Annual Report on Form 10-K and other written and oral statements made from time to time by us may contain so-called “forward-looking statements,” all of which are subject to risks and uncertainties.

Forward-looking statement are intended to help in understanding our historical results of operations during the periods presented and our financial condition. They should be read in conjunction with our consolidated financial statements and the accompanying notes to consolidated financial statements and contains forward-looking statements that involve risks and uncertainties. Our actual results could differ materially from those anticipated in these forward-looking statements. All forward-looking statements speak only as of the date on which they are made. We undertake no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they are made.

Forward-looking statements can be identified by the use of words such as “expects,” “anticipates,” “plans,” “will,” “should,” “could,” “forecasts,” “projects,” “intends,” “estimates,” and other words of similar meaning. One can identify them by the fact that they do not relate strictly to historical or current facts. These statements are likely to address our growth strategy, financial results and product and development programs. One must carefully consider any such statement and should understand that many factors could cause actual results to differ from our forward-looking statements. These factors may include inaccurate assumptions and a broad variety of other risks and uncertainties, including some that are known and some that are not. No forward-looking statement can be guaranteed, and actual future results may vary materially.

These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors” and the risks set out below, any of which 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. These risks include, by way of example and not in limitation:

	·	~~The uncertainty of profitability;~~

	·	~~High volatility in the value attributable to our business model and assets;~~

	·	Rapid change in the regulatory and legal environment in which we operate with many unknown future challenges to operating our business in a lawful manner or which will require our business or the businesses in which we invest to be subjected to added costs and/or uncertainty regarding the ability to operate;

	·	~~Risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; and~~

	·	~~Other risks and uncertainties related to our business plan and business strategy.~~

This list is not an exhaustive list of the factors that may affect any of our forward-looking statements. These and other factors should be considered carefully, and readers should not place undue reliance on our forward-looking statements. Forward looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made, and we undertake no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as may be required under applicable law. We cannot guarantee future results, levels of activity, performance or achievements.

Not ~~applicable to a “smaller reporting company” as defined in Rule 12b-2 of the Exchange Act.~~

Required

1115

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ITEM 8. FINANCIAL STATEMENTS

~~REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM~~

~~To the shareholders and the board of directors of Carnegie Development Inc.~~

~~Opinion: We have audited the~~

eDOORWAYS CORPORATION

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEETS

	December 31, 2009			December 31, 2008
ASSETS
CURRENT ASSETS
Cash	$	16,149		$	5,467


OTHER ASSETS
Fixed assets, net of accumulated depreciation of $2,215 and $1,660, respectively		3,173			3,334
Deposits		2,000			2,000
Software Development Cost		1,171,220
Total Other Assets		1,176,393			5,334
TOTAL ASSETS	$	1,192,542		$	10,801

LIABILITIES AND STOCKHOLDERS’ DEFICIT

CURRENT LIABILITIES
Accounts payable – trade		434,130			743,075
Judgments payable		225,000			838,610
Stock payable		407,398			354,312
Accrued expenses – related parties		45,522			403,043
Accrued expenses – other		1,626,844			92,518
Current portion of notes payable		1,267,211			668,565
TOTAL CURRENT LIABILITIES	$	4,006,105		$	3,100,123

LONG TERM LIABILITIES
Notes payable		5,216,000			4,759,835

TOTAL LIABILITIES	$	9,222,105		$	7,859,958

STOCKHOLDERS’ DEFICIT
Series A convertible preferred stock, $0.001 par value per share; 7,000,000 shares authorized, none issued		-			-
Series B convertible preferred stock, $0.001 par value per share; 1,100,000 shares authorized, none issued		-			-
Series C convertible preferred stock, $0.001 par value per share; 1,000,000 shares authorized, 1,000,000 and -0- shares issued and outstanding, respectively		1,000			1,000
Series D preferred stock, $0.001 par value per share; 1,000 shares authorized, issued and outstanding, respectively		1			1
Common stock, $0.001 par value per share; 990,899,000 shares authorized; 317,747,047 and 13,318,846 shares issued and outstanding, respectively		1,181,212			317,747
Additional paid-in capital		70,391,195			66,003,083
Accumulated deficit		(61,284,093	)		(61,284,093	)
Deficit accumulated during development stage		(18,318,878	)		(12,886,895	)
TOTAL STOCKHOLDERS’ DEFICIT	$	(8,029,563	)	$	(7,849,157	)

TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT	$	1,192,542		$	10,801

The accompanying ~~balance sheets of Carnegie Development Inc. (the “Company”) as of December 31, 2018, and the related statements of income, stockholders’ equity and cash flows for each~~notes are an integral part of these years in the period then ended, and the related notes (collectively referred as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the company as of the years then ended, and the results of its operations and its cash flows for these years in the period then ended, in conformity with U.S. generally accepted accounting principles.

We have also audited in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), the company’s internal control over financial reporting as of the year then ended, based on the criteria established in Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission and our report of even dated, express an unqualified opinion on the Company’s Internal Control over financial reporting.

Basis of Opinion: These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. Federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with standards of PCAOB, those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters: The management listed the critical audit matters as Note 10 in the notes on accounts. They are the matters arising from the current period audit of the financial statements and that (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgements. These critical audit matters do not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by referring the critical audit matters, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

~~/s/ Yusufali Musaji~~

~~Yusufali Musaji CPA~~

~~Managing Partner~~

~~Yusufali & Associates~~

~~PCAOB Registration # 3313~~

~~55 Addison Drive,~~

~~Short Hills, NJ, 07078~~

~~Telephone: 973-921-2892 12~~^th ~~August, 2019~~

~~Serving as the Company’s auditor since 2019~~

12
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~~Carnegie Development, INC.~~
~~Balance Sheet~~

For the year ended

31-Dec-18

31-Dec-17

Assets

Current Assets:

Bank Account

$ -

$ -

Total current assets

$ -

$ -

Total assets

$ -

$ -

Liabilities

Current Liabilities:

Accounts payable

$ 120,000

$ 60,000

Accrued expenses

$ -

$ -

Total Current Liabilities

$ 120,000

$ 60,000

Total liabilities

$ 120,000

$ 60,000

Stockholders' Equity

Series A preferred stock: 1,000 shares authorized, par value $0.001 per share; 1,000 shares issued and outstanding on December 31, 2018 and 1,000 shares issued and outstanding on December 31, 2017, recorded @ FMV to comply with FASB ASC Topic 718 Column (e)

$ 4,000

$ 4,000

Common stock: 250,000,000 shares authorized, par value $0.00001 per share, 41,153,156 shares issued and outstanding on December 31, 2018 and 41,153,156 shares issued and outstanding on December 31, 2017

$ 2,270,117

$ 2,270,117

Additional Paid-in Capital

$ 1,142,640

$ 1,142,640

Retained Earnings

$ (3,536,757 )

$ (3,476,757 )
Total Stockholders' Equity

$ (120,000 )

$ (60,000 )
Total Liabilities & Equity

$ -

$ -

~~Table of Contents~~

Carnegie Development, INC.

Statement of Operations

For the year ended

31-Dec-18

31-Dec-17

Net Revenues

$ -

$ -

Operating expenses:

Selling, general and administrative

$ 60,000

$ 60,000

Total operating expenses

$ 60,000

$ 60,000

Operating loss

$ (60,000 )

$ (60,000 )

Net Gain (loss)

$ (60,000 )

$ (60,000 )

Net gain (loss) attributable to common stock

$ (60,000 )

$ (60,000 )

Earnings per share:

Basic and diluted

($0.0015)

($0.0015)

Basic and diluted weighted average common shares outstanding

41,153,156

41,153,156

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Carnegie Development, INC.

Statement of Cash Flows

For the year ended

31-Dec-18

31-Dec-17

CASH FLOWS FROM OPERATING ACTIVITIES

Net Gain (loss)

$ (60,000 )

$ (60,000 )
Adjustments to reconcile Net Income to Net Cash provided by operations:

Accounts Payable

$ 60,000

$ 60,000

Total Adjustments to reconcile Net Income to Net Cash provided by operations

$ 60,000

$ 60,000

Net cash provided by operating activities

$ 0

$ 0

NET CASH used by Investing Activities

$ 0

$ 0

NET CASH used by Financing Activities

$ 0

$ 0

NET CASH INCREASE (DECREASE) For PERIOD

$ 0

$ 0

Cash, Beginning

$ 0

$ 0

Cash, Ending

$ 0

$ 0

SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES:

Cash paid during the period for:

Interest

$ 0

$ 0

Income taxes

$ 0

$ 0

15
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~~Carnegie Development, INC.~~
~~Statement of Changes in Equity~~

Series A
Preferred Stock

Common Stock

Surplus

Shares

$

Shares

$

(Deficit)

Balance, December 31, 2016

1,000

4000

41,153,156

2,270,117

$ (3,416,757 )
Net Income (Loss)

-

-

-

-

$ (60,000 )
Balance, December 31, 2017

1000

4000

41,153,156

2,270,117

$ (3,476,757 )
Net Income (Loss)

-

-

-

-

$ (60,000 )
Balance, December 31, 2018

1,000

4000

41,153,156

2,270,117

$ (3,536,757 )

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~~Carnegie Development, INC.~~

eDOORWAYS CORPORATION

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS

FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008 AND FOR THE PERIOD FROM JANUARY 1, 2006

(INCEPTION OF DEVELOPMENT STAGE) TO DECEMBER 31, 2008

	Year Ended December 31						From development stage inception (January 1, 2006) through December 31,
	2009			2008			2009

REVENUE	$	-		$	-		$	-

OPERATING EXPENSES
General and administrative		1,262,204			4,403,689			9,935,388
Legal and professional services		187,250						187,250
Compensation		602,369						602,369
Depreciation		161						161
Loss on disposal of equipment		0			0			9,287
Total operating expenses	$	2,051,984		$	4,403,689		$	10,734,455

LOSS FROM OPERATIONS	$	(2,051,984	)	$	(4,403,689	)	$	(10,734,455	)

OTHER INCOME (EXPENSES)
Gain (loss) on derivative liability		-			(1,366,315	)		(2,103,592	)
Interest expense		(17,957	)		(811,286	)		(2,039,653	)
Loss on debt extinguishment		(3,362,043	)		(164,437	)		(3,441,879	)
Other income		0			0			700
Total other income (expenses)	$	(3,380,000	)	$	(2,342,038	)	$	(7,584,424	)

NET LOSS	$	(5,431,984	)	$	(6,745,727	)	$	(18,318,879	)

LOSS PER SHARE:
Basic and diluted	$	(0.00460	)	$	(0.0212	)

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING:
Basic and diluted		1,181,212,227			317,747,227

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

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EDOORWAYS CORPORATION

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF STOCKHOLDERS’ DEFICIT

FOR THE YEARS ENDED DECEMBER 31, 2009 AND 2008 AND FOR THE PERIOD FROM JANUARY 1, 2006

(INCEPTION OF DEVELOPMENT STAGE) TO DECEMBER 31, 2008

	Series C Preferred Stock				Series D Preferred Stock				Common Stock					Additional Paid-in Capital			Accumulated Deficit			Development Stage Accumulated Deficit			Total Stockholders’ Deficit
	Shares		Amount		Shares		Amount		Shares		Amount

Balance, December 31,2006		0		-		1,000	$	1		37,749	$	38		$	61,473,512		$	(61,284,093	)	$	(4,464,591	)	$	(4,275,133	)

Common stock issued for services						-				10,008,000	$	10,008		$	591,192								$	601,200
Conversions of debt and promissory notes into equity										3,274,097	$	3,273		$	290,771								$	294,044
Fair value of derivatives converted to equity														$	433,132								$	433,132
Beneficial conversion feature converted to equity														$	59,180								$	59,180
Cancelled shares for services										-1,000	$	(1	)	$	(28,999	)							$	(29,000	)
Net loss for the year ended December 31,2007																				$	(1,676,577	)	$	(1,676,577	)

Balance – December 31, 2007		0	$	-		1,000	$	1		13,318,846	$	13,318		$	62,818,788		$	(61,284,093	)	$	(6,141,168	)	$	(4,593,154	)

Preferred stock issued for compensation		750,000	$	750.0		-		-		0	$	-		$	134,250		$	-		$	-		$	135,000
Preferred stock issued for services		250,000	$	250.0		-		-		0	$	-		$	44,750		$	-		$	-		$	45,000
Common stock issued for services		-		-		-		-		229,384,143	$	229,384		$	1,844,916		$	-		$	-		$	2,074,300
Common stock issued for compensation		-		-		-		-		40,437,500	$	40,438		$	312,325		$	-		$	-		$	352,763
Common stock issued for debt conversion		-		-		-		-		34,606,738	$	34,607		$	813,290		$	-		$	-		$	847,897
Fair value of derivatives converted to equity		-		-		-		-		0	$	-		$	4,489		$	-		$	-		$	4,489
Discount on convertible debt		-		-		-		-		0	$	-		$	16,262		$	-		$	-		$	16,262
Fair value adjustment for elimination of derivatives		-		-		-		-		0	$	-		$	14,013		$	-					$	14,013

Net loss		-		-		-		-		0	$	-			-					$	(6,745,727	)	$	(6,745,727	)
Balance - December 31, 2008		1,000,000	$	1,000.0		1,000	$	1		317,747,227	$	317,747		$	66,003,083		$	(61,284,093	)	$	(12,886,895	)	$	(7,849,157	)
Common stock issued for services										252,151,000	$	252,151		$	1,316,434								$	1,568,585
Common stock issued for compensation										302,369,000	$	302,369		$	877,622								$	1,179,991
Common stock issued for debt conversion										308,945,000	$	308,945		$	2,194,056								$	2,503,001
Net loss																				$	(5,431,983	)	$	(5,431,983	)
Balance - December 31, 2009		1,000,000	$	1,000.0		1,000	$	1		1,181,212,227	$	1,181,212.0		$	70,391,195		$	(61,284,093	)	$	(18,318,878	)	$	(8,029,563	)

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

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EDOORWAYS CORPORATION

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS

	Year Ended December 31
	2009			2008
CASH FLOWS FROM OPERATING ACTIVITES
Net loss	$	(5,431,983	)	$	(6,745,727	)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation and amortization expense		161			555
Amortization of deferred financing costs		-			132,732
Amortization of note payable discount		-			529,163
Notes payable issued for services		598,646			665,000
Common and preferred stock issued for services		-			1,438,607
Common and preferred stock issued for compensation		-			1,168,456
Change in fair value of derivatives		-			1,366,315
Gain on conversion of notes payable		-			164,437
Changes in operating assets and liabilities:
Deposits		-			7,211
Accounts payable		(308,945	)		292,424
Stock payable		53,086			354,312
Judgments payable		(613,610	)		36,316
Accrued expenses		1,534,326			110,576
Accrued expenses – related parties		(357,521	)		403,043
Software Development Cost		(1,171,220	)

Net cash used in operating activities	$	(5,697,060	)	$	(76,580	)

CASH FLOWS FROM INVESTING ACTIVITIES

CASH FLOWS FROM FINANCING ACTIVITIES
APIC		4,388,112
Common Stock		863,465
Proceeds from issuance of new debt		456,165			36,400
	$	5,707,742		$	36,400
NET DECREASE IN CASH		10,682			(40,180	)

CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		5,467			45,647

CASH AND CASH EQUIVALENTS, END OF PERIOD	$	16,149		$	5,467

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

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eDOORWAYS CORPORATION

(A DEVELOPMENT STAGE COMPANY)

Notes to Financial Statements

~~NOTE~~

Note 1 ~~– ORGANIZATION AND DESCRIPTION OF BUSINESS~~

~~Carnegie Development Inc.,~~- Summary of Significant Accounting Policies

Nature of Business

The Company is a ~~publicly trading company~~development stage entity incorporated in Delaware in 1988, under the ~~symbol, “ESCU”~~

name “Technicraft Financial, Ltd.” In August 1994, the Company acquired GK Intelligent Systems, Inc., a Texas corporation, and changed its name to GK Intelligent Systems, Inc. Through 1999, the Company was principally engaged in the development and marketing of software products capable of interaction with and adaptation to the needs of software users and interpretation of data. The Company ~~Website~~ changed its name in 2005 to M Power Entertainment, Inc. M Power planned to create a lifestyle information/entertainment platform. In 2006, M Power redesigned its platforms. Its new platforms were designed to offer an enhanced form of interactivity and support for today’s visually-oriented web surfing community. On August 20, 2007, the Company changed its name to eDOORWAYS Corporation.

eDOORWAYS

is ~~http://carnegiedevelopment.net/~~

~~This~~a web-based personal lifestyle information enhancement and problem solving gateway, lifestyle information source, and business-to-consumer marketplace. Our business strategy is to obtain revenue from lifestyle product and service purchases made while consumers visit our marketplace.

Basis of Presentation

The financial statements and accompanying notes are prepared in accordance with accounting principles generally accepted in the United States of America. The Company ~~was previously known as:~~

· ~~Escue Energy Inc until July 1, 2019~~
· ~~State of incorporation changed from Delaware to Nevada in 2015~~
· ~~eDoorways Corporation, Inc. until 2015~~
· ~~M Power Entertainment, Inc. until 2007~~
· ~~GK Intelligent Systems, Inc. until 2005~~
· ~~Technicraft Financial, Ltd. until 1994~~
· ~~Incorporated in Delaware in February 1988~~

~~NOTE 2 - GOING CONCERN~~

is a Development Stage Company, as defined by Statement of Financial Accounting Standards No.7 “Accounting and Reporting for Development Stage Enterprises.” The Company re-entered the development stage on January 1, 2006 after disposing of its operations in M Power.

Reclassifications

Certain amounts in the financial statements of the prior year have been reclassified to conform to the presentation of the current year for comparative purposes.

Use of Estimates

In preparing financial statements in conformity with accounting principles generally accepted in the United States of America, management makes estimates and assumptions that affect the reported amounts of assets and liabilities in the balance sheet and revenue and expenses in the statement of operations. Examples include estimates of loss contingencies, including legal risks and exposures, valuation of stock-based compensation; the potential outcome of future tax consequences of events that have been recognized in our financial statements or tax returns; and valuation of derivative instruments. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. These accounts may at times exceed federally insured limits. The Company has not experienced any losses on such accounts. As of December 31, 2008, there were no cash balances in excess of federally insured limits.

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Fair Value of Financial Instruments

For certain of our financial instruments, including accounts receivable, accounts payable, accrued expenses, interest payable, bank overdraft, advances payable and notes payable, the carrying amounts approximate fair value due to their relatively short maturities.

Deferred Financing Costs

Payments, either in cash or share-based payments, made in connection with the sale of debentures are recorded as deferred debt issuance costs and amortized using the effective interest method over the lives of the related debentures.

Property, Plant & Equipment

Property and equipment are carried at cost and as of December 31, 2009 and consists solely of computer equipment. Depreciation is provided using the straight-line method for financial reporting purposes based on estimated useful lives of three years.

The cost of asset additions and improvements that extend the useful lives of property and equipment are capitalized. Routine maintenance and repair items are charged to current operations. The original cost and accumulated depreciation of asset dispositions are removed from the accounts and any gain or loss is reflected in the statement of operations in the period of disposition.

Valuation of Derivative Instruments

FAS 133, “Accounting for Derivative Instruments and Hedging Activities” requires bifurcation of embedded derivative instruments and measurement of fair value for accounting purposes. In addition, FAS 155, “Accounting for Certain Hybrid Financial Instruments” requires measurement of fair values of hybrid financial instruments for accounting purposes. In determining the appropriate fair value, the Company uses a variety of valuation techniques including Black Scholes models, Binomial Option Pricing models, Standard Put Option Binomial models and the net present value of certain penalty amounts. Derivative liabilities are adjusted to reflect fair value at each period end, with any increase or decrease in the fair value being recorded in results of operations as Adjustments to Fair Value of Derivatives. The effects of interactions between embedded derivatives are calculated and accounted for in arriving at the overall fair value of the financial instruments. In addition, the fair values of freestanding derivative instruments such as warrant derivatives are valued using the Black Scholes model.

Income Taxes

An asset and liability approach is used for financial accounting and reporting for income taxes. Deferred income taxes arise from temporary differences between income tax and financial reporting and principally relate to recognition of revenue and expenses in different periods for financial and tax accounting purposes and are measured using currently enacted tax rates and laws. In addition, a deferred tax asset can be generated by net operating loss carryforwards (“NOLs”). If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized.

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Revenue Recognition

The Company recognizes revenues when services have been performed, collections are reasonably assured and no further obligations exist. eDOORWAYS had no revenues from continuing operations in 2009 or 2008.

Stock-Based Compensation

Stock-based compensation expense includes the estimated fair value of equity awards vested during the reporting period. The expense for equity awards during the reporting period is determined based upon the grant date fair value of the award and is recognized as expense on the grant date. All shares issued to date for stock-based compensation have vested on the grant date.

Loss Per Share

Basic and diluted net income (loss) per share calculations are presented in accordance with Statement of Financial Accounting Standards (“SFAS”) No. 128, and are calculated on the basis of the weighted average number of common shares outstanding during the period. They include the dilutive effect of common stock equivalents in periods with net income.

Common stock equivalents represent the dilutive effect of the assumed conversion of convertible notes payable and Series C convertible preferred stock, using the “if converted” method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the common stock equivalents are considered dilutive based upon the Company’s net income (loss) position at the calculation date. Common stock equivalents also include the effect of the exercise of outstanding warrants using the treasury stock method, at either the beginning of the respective period presented or the date of issuance, whichever is later, and only if the warrants are considered dilutive based upon the exercise price of the warrants and the average trading price of the stock during the period. All common stock equivalents were considered anti-dilutive for the years ended December 31, 2009 and 2008.

Recently issued accounting pronouncements

eDOORWAYS does not expect that any recently issued accounting pronouncements will have a significant impact on the financial statements of the Company.

Note 2 – Going Concern

These financial statements have been prepared on a going concern basis. As of December 31, 2009, eDOORWAYS had an accumulated deficit of ~~$ 3,536,757~~$78,995,844. The continuation of eDOORWAYS as ona going concern is dependent upon financial support from its shareholders, the ~~reporting date~~ability to obtain necessary equity or debt financing and ~~there was no revenue since inception.~~

~~The Company~~the attainment of profitable operations. These factors raise substantial doubt regarding eDOORWAYS’ ability to continue as a going concern. 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 eDOORWAYS be unable to continue as a going concern.

eDoorways is currently ~~in the process of acquiring three special purpose entities in Texas and is also~~ seeking debt or equity financing to fund its development plan although no financing arrangements are currently in place and the Company can provide no assurance that financing will be available on terms acceptable ~~terms. However,~~to the ~~management~~Company or at all. Management believes, however, that ~~the~~ actions ~~for (a) obtaining the~~presently being taken to obtain additional ~~funds~~funding and ~~(b) implementing~~implement its strategic plans provide the opportunity for the Company to continue as a going concern.

~~Note 3 – Significant Accounting Policies~~

This summary of significant account policies of the Company is presented to assist in understanding the Company's financial statements. The financial statements and the notes are the representation of the Company's management, who are responsible for their integrity and objectivity. These accounting policies conform to U.S. generally accepted accounting principles ("US GAAP") and have been consistently applied in the preparation of the financial statements.

~~Basis of Presentation~~

This Company uses the enterprise reporting under the provisions of Statement of Financial Accounting Standards ("SFAS") no. 7. The accompanying financial statements are prepared in accordance with Generally accepted accounting principles (“US GAAP”) in the United States of America.

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~~Use of Estimates~~

The preparation of financial statements requires the 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 reporting amounts of revenues and expenses for the reported period. Actual results will differ from those estimates. Included in these estimates are legal risks and exposures, valuation of stock-based compensation, the potential outcome of future tax consequences of events that have been recognized in the financial statement or tax returns.

~~Reclassification~~

~~Certain amounts in the financial statements of the prior year have been reclassified to conform to the presentation of the current year for comparative purposes.~~

~~Cash and Cash Equivalents~~

~~The Company considers all highly liquid temporary cash investments with an original maturity of three months or less, when purchased, to be cash equivalents.~~

~~Concentration of Credit Risks~~

~~The Company is subject to concentrations of credit risk primarily from cash and cash equivalents.~~

The Company's cash and cash equivalents accounts are held at financial institutions and are insured by the Federal Deposit Insurance Corporation, or the FDIC, up to $250,000. As on the reporting date, there were no cash balances in excess of federally insured limits.

~~Product Concentration~~

~~Effective July 2019, the Company plans to invest and participate in the real estate projects~~

~~Fair Value of Financial Instruments~~

The Company accounts, for the assets and liabilities measured at fair value on a recurring basis, in accordance with ASC Topic 820, Fair Value Measurements and Disclosures, ASC 820 establishes a common definition for fair value to be applied to existing generally accepted accounting principles that require the use of fair value measurements, establishes a framework for measuring fair value, and expands disclosure about such fair value measurements.

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ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Additionally, ASC 820 requires the use of valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. These inputs are prioritized below:

~~Level 1:~~	~~Observable inputs such as quoted market prices in active markets for identical assets or liabilities.~~

~~Level 2:~~	~~Observable market-based inputs or unobservable inputs that are corroborated by market data.~~

~~Level 3:~~	~~Unobservable inputs for which there is little or no market data, which require the use of the reporting entities own assumptions.~~

~~The Company did not have any Level 2 or Level 3 assets or liabilities on the reporting date.~~

~~Additional Disclosures Regarding Fair Value Measurements~~

The carrying value of cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, interest payable, advances payable, and notes and convertible promissory notes payable approximate their fair value due to the short maturity of these items.

~~Revenue Recognition~~

The Company recognizes revenue on arrangements in accordance with ASC 606 — Revenue from Contracts with Customers. Revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed, and collectability of the resulting receivable is reasonably assured. Since inception and until now, this company has not earned any revenue.

~~Advertising~~

~~The Company expenses advertising costs as incurred. The Company did not spend any money for the advertising, during the reporting period.~~

~~Share-Based Payment~~

The Company accounts for stock-based compensation in accordance with ASC Topic 718, Compensation-Stock Compensation, Under the fair value recognition provisions of this topic, stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized as an expense on a straight-line basis over the requisite service period, which is the vesting period.

~~Basic and Diluted Earnings per Share~~

Basic earnings per share are calculated by dividing the income available to stockholders by the weighted-average number of shares of Common Stock outstanding during each period. Diluted earnings per share are computed using the weighted average number of shares of Common Stock and dilutive Common Stock share equivalents outstanding during the period. Dilutive Common Stock share equivalents consist of shares issuable upon the exercise of stock options and warrants (calculated using the modified-treasury stock method). Earnings per share calculations are provided as part of the income statement.

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~~Property and Equipment~~

Property and equipment are recorded at cost and are depreciated on a straight-line basis over their estimated useful lives of three years. Maintenance and repairs are charged to expense as incurred. Significant renewals and betterments are capitalized.

~~Depreciation expense is $0 for the reporting period.~~

~~Impairment of Long-Lived Assets and Amortizable Intangible Assets~~

~~The Company follows ASC 360-10,~~ ~~"Property, Plant, and Equipment,"~~ ~~which established a~~ ~~"primary asset"~~ approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long-lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell.

~~Intangible Assets - Goodwill~~

The excess of the purchase price over net tangible and identifiable intangible assets of business acquired is carried as Goodwill on the balance sheet. Goodwill is not amortized, but instead is assessed for impairment at least annually and upon the occurrence of certain triggering events or substantive changes in circumstances that indicate that the fair value of goodwill may be impaired. Measurement of the impairment loss, if any, is based on the difference between the carrying value and fair value of reporting unit. The goodwill impairment test follows a two-step process. In the first step, the fair value of a reporting unit is compared to its carrying value. If the carrying value of a reporting unit exceeds its fair value, the second step of the impairment test is performed for purposes of measuring the impairment. In the second step, the fair value of the reporting unit is allocated to all of the assets and liabilities of the reporting unit to determine an implied goodwill value. If the carrying amount of the reporting unit's goodwill exceeds the implied fair value of goodwill, an impairment loss will be recognized in an amount equal to that excess. There were no material impairments to the carrying value of long-lived assets and intangible assets subject to amortization during the reporting period.

~~Acquisitions~~

The Company recognizes the assets acquired, the liabilities assumed, and any non-controlling interest in the acquired at the acquisition date, measured at their fair values as of that date. Contingent purchase consideration is recorded at fair value at the date of acquisition. Any excess purchase price over the fair value of the net assets acquired is recorded as goodwill. Within one year from the date of acquisition, the Company may update the value allocated to the assets acquired and liabilities assumed and the resulting goodwill balances as a result of information received regarding the valuation of such assets and liabilities that was not available at the time of purchase. Measuring assets and liabilities at fair value requires the Company to determine the price that would be paid by a third-party market participant based on the highest and best use of the assets or interests acquired. Acquisition costs are expensed as incurred.

~~Fair Value Measurements~~

For certain financial instruments, including accounts receivable, accounts payable, interest payable, advances payable and notes payable, the carrying amounts approximate fair value due to their relatively short maturities.

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~~The Company follows ASC 820-10,~~ ~~"Fair Value Measurements and Disclosures."~~ ASC 820-10 defines fair value and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the consolidated balance sheets for receivables and current liabilities each qualify as financial instruments and are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

~~Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.~~

Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

~~Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.~~

~~The Company did not identify any non-recurring assets and liabilities that are required to be presented in the balance sheets at fair value in accordance with ASC 815.~~

~~ASC 825-10~~ ~~"Financial Instruments."~~ permits entities to choose to measure many financial assets and financial liabilities at fair value. Unrealized gains and losses on items for which the fair value option has been elected are reported in earnings. The Company chose not to elect the option to measure the fair value of eligible financial assets and liabilities.

~~Borrowings~~

Borrowings are recognized initially at cost, which is the fair value of the proceeds received, net of transaction costs incurred. In subsequent periods, borrowings are stated at amortized cost using the effective yield method; any difference between fair value of the proceeds (net of transaction costs) and the redemption amount is recognized as interest expense over the period of the borrowings.

~~Provisions~~

Provisions are recognized when the Company has a present legal or constructive obligation as a result of past events, and it is probable that an outflow of resources will be required to settle the obligation, and a reliable estimate of the amount can be made. Where the Company expects a provision to be reimbursed, for example under an insurance contract, the reimbursement is recognized as a separate asset but only when the reimbursement is virtually certain.

The Company recognizes the estimated liability to repair or replace products sold still under warranty at the balance sheet date. This provision is calculated based on past history of the level of repairs and replacements.

~~Legal Matters~~

In the ordinary course of our business, we may be subject to various claims, pending and potential legal actions for damages, investigations relating to governmental laws and regulations and other matters arising out of the normal conduct of our business. We are not aware of any material pending legal proceedings to which we are a party or of which any of our properties is the subject.

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~~Special Purpose Entities~~

~~The Company does not have any off-balance sheet financing activities, as on the reporting date three special purpose entities as wholly owned subsidiaries are likely additions as per the MOU dated 30~~^th ~~April 2019. Contracts are reviewed by the Legal team.~~

~~Net Income per Share~~

~~The Company computes net income (loss) per share in accordance with ASC 260-10,~~ ~~"Earnings per Share."~~ The basic net loss per common share is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted net loss per share gives effect to all dilutive potential common shares outstanding during the period using the ~~"as if converted"~~ ~~basis.~~

~~NOTE 4 - COMMON STOCK AND PREFERRED STOCK~~

~~Common Stock~~

~~There is currently only one class of common stock. Each share common stock is entitled to one vote.~~

The authorized number of shares of common stock of the Company on the reporting date was 250,000,000 shares with a par value per share of $0.00001. Authorized shares that have been issued and outstanding are 41,153,156 as on the reporting date.

~~Preferred Stock~~

~~Series A~~ – ~~[1] Designation~~~~: A series of preferred stock is hereby designated as Series A Preferred Stock.~~ ~~[2] Liquidation Preference~~~~: The holders of the Series A Preferred Stock has no liquidation preference.~~ ~~[3] Dividends~~~~: The holders of the Series A Preferred Stock shall not receive dividend.~~ ~~[4] Number~~~~: The number of shares is fixed at 1,000. As on the reporting date, 1,000 shares are authorized, issued and outstanding.~~ ~~[5] Conversion~~~~: The Series A Preferred Stock is not convertible into shares of common stock.~~ ~~[7] Voting Rights~~: The Series A Preferred Stock, collectively, are entitled to that number of votes which shall equal Seventy-five percent (75%) of all eligible votes. There is currently 1 shareholder of record of the company's common stock. These shares are accounted at FMV so as to comply with FASB ASC Topic 718 column (e)

~~NOTE 5 - RELATED PARTY TRANSACTIONS~~

~~a) Officer's compensation is a related party transaction for the reporting period:~~

Q4 2018

Q3 2018

Q2 2018

Q1 2018

Compensation.

$ 15,000

$ 15,000

$ 15,000

$ 15,000

~~b) In July 2019, the Company signed a contract with JMJ development, Inc. for all the administrative support. The owner of JMJ Development, Inc. is a major shareholder in the Company.~~

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~~NOTE 6~~

Note 3 - ~~INCOME TAXES~~

~~Deferred income taxes are provided using~~Convertible Debentures

On March 30, 2007, the ~~liability method whereby deferred tax assets are recognized~~Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with New Millennium Capital Partners II, LLC, AJW Qualified Partners, LLC, AJW Offshore, Ltd. and AJW Partners, LLC (collectively, the “Investors”). Under the terms of the Securities Purchase Agreement, the Investors purchased an aggregate of (i) $165,000 in callable convertible secured notes (the “Notes”) and (ii) warrants to purchase 1,500,000 shares of our common stock (the “Warrants”). After the effect of the reverse common stock split of 2000 to 1 in 2007 the warrants were reduced to 750 shares.

The Notes carried an interest rate of 8% and a maturity date of March 30, 2010. The notes were convertible into our common shares at 50% of the average of the lowest three (3) trading prices for ~~deductible temporary differences and operating loss and tax credit carryforwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are~~our shares of common stock during the ~~differences between~~twenty (20) trading day period prior to conversion.

In addition, the ~~reported amounts~~Company granted the investors a security interest in substantially all of its assets and ~~liabilities~~intellectual property as well as registration rights.

The Company simultaneously issued to the Investors seven year warrants to purchase 1,500,000 shares of common stock at an exercise price of $.0016 per common share.

The Investors contractually agreed to restrict their ability to convert the Notes and exercise the Warrants and receive shares of the Company’s common stock such that the number of shares of the Company’s common stock held by them and their ~~tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than~~affiliates after such conversion or exercise does not ~~that some portion or all~~exceed 4.99% of the ~~deferred tax assets will not be realized. Deferred tax assets~~then issued and ~~liabilities are adjusted for the effects~~outstanding shares of the ~~changes in tax laws~~Company’s common stock.

Note 4 – Notes payable and ~~rates~~convertible notes payable

During October and November 2007, eDOORWAYS borrowed a total of $91,100 under various short-term convertible notes payable. The notes bear interest at 0%, matured within 10 days, and were convertible into shares of common stock at between $0.075 and $0.09 per share (50% of the market price of the common stock on the date of ~~enactment.~~

~~When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits~~issuance of the ~~position taken or~~notes). During the fourth quarter of 2007, all of these convertible notes in the amount of $91,100 were converted into 1,575,776 shares of common stock. Upon conversion we recognized a $54,000 loss on extinguishment of debt due to the ~~position~~conversion price being greater than the amount owed on two of the loans. Under the terms of the warrants issued in connection with the 6% convertible debentures, if the Company issues common stock at a discount to the exercise price of the warrants, the exercise price of the warrants to purchase shares of common stock is adjusted downward in proportion to the discount given in the new equity issuance. The outstanding warrants affected by this change are 750 warrants with an exercise price of $3.20 expiring March 30, 2014 and 15,000 warrants with an exercise price of $200 that ~~would be ultimately sustained.~~expire April 18, 2013.

On October 25, 2007, the Company completed a financing agreement with private investors and received cash proceeds of $250,000. eDOORWAYS issued the investors secured convertible debentures totaling $250,000 with an 8% interest rate and a maturity date of October 25, 2010. The ~~benefit~~debentures are convertible into common shares at a discount of 50% of the average of the lowest three (3) trading prices during the twenty (20) trading day period prior to conversion. eDOORWAYS simultaneously issued to the private investors seven year warrants to purchase 10,000,000 common shares at an exercise price of $0.0001.

During the previous year, eDOORWAYS had various unsecured notes payable totaling $102,000 bearing imputed interest rates from 8% to 18% per annum, and accrued interest of $92,518 for a total of $194,518 as of December 31, 2009. These notes payable are due on demand. We are not making payments on any of these notes.

During the previous year, eDOORWAYS issued unsecured notes payable to various private investors for total cash proceeds of $36,400. The notes had a term of 10 days and were non-interest bearing. They were convertible into common stock of eDOORWAYS at a rate of between $0.001 and $0.033 per common share during the 10-day term of the note. Notes in the principal amount of $3,000 were converted into common stock of eDOORWAYS, the remaining $33,400 have passed the ten-day term in which conversion was allowed. These notes have not been repaid and are currently in default.

During the previous year,, the holder of a ~~tax position is recognized in~~$3,000 promissory note converted the ~~financial statements in~~debt into 1,000,000 shares of common stock valued at $10,000. The shares were valued at the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.

~~Applicable interest and penalties associated with unrecognized tax benefits are classified as additional income taxes in the statements of operations.~~

~~A reconciliation of the Company's effective tax rate to the statutory federal rate is as follows:~~

~~The components of the deferred tax assets and liabilities are as follows:~~

December 31, 2018

December 31, 2017

Deferred tax assets:

Net operating loss carryovers

$ 3,536,757

$ 3,476,757

Stock-based compensation

-

-

Other temporary differences

-

-

Total deferred tax assets

$ 3,536,757

$ 3,476,757

Valuation allowance

$ (3,536,757 )

$ (3,476,757 )
Net deferred tax asset

$ -

$ -

Asfair value on the ~~reporting~~ date ~~the Company had net operating~~of settlement of $0.01 per share. As a result, eDOORWAYS recognized a loss ~~carryovers~~on debt settlement of approximately $3.5 million that may be applied against future taxable income and expires at various dates between 2026 and 2031, subject to certain limitations. The Company has a deferred tax asset arising substantially from the benefits of such net operating loss deduction and has recorded a valuation allowance for the full amount of this deferred tax asset since it is more likely than not that some or all of the deferred tax asset may not be realized.

$7,000.

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~~NOTE 7 - RECLASSIFICATIONS~~

~~Prior~~

During the previous year, ~~balances are reclassified~~, eDOORWAYS issued promissory notes in the amount of $665,000 to ~~conform~~various individuals and companies in exchange for services provided to the ~~current year presentation.~~

~~NOTE 8 - CONTINGENCIES~~

Company. The ~~management reviewed with~~notes carried no interest and had a term of 10 days. They were convertible into common stock of eDOORWAYS at a rate of between $0.006 and $0.025 per common share during the ~~legal team and concludes that there are no disputes remaining unresolved and hence there are no contingent liabilities as~~10 day term of the notes. The holders of each of these notes elected to convert them into a total of 28,500,000 shares of common stock. The shares were valued at fair value of the date of settlement of $822,500. As a result, eDOORWAYS recognized a loss on ~~the reporting date.~~

~~NOTE 9 - NOTES PAYABLE~~

Nodebt settlement of $157,500.

The aggregate maturities of notes payable ~~is outstanding as on the reporting date.~~

~~NOTE 10 - MANAGEMENT ASSERTIONS ON CRITICAL AUDIT MATTERS~~

~~Manuals and handbooks: Absence of written manuals and handbooks is the concern~~ for the ~~audit. Since~~five years subsequent to December 31, 2009 are as follows:

Year ending December 31,
2009	$	668,565
2010		1,449,235
2011		2,588,124
2012		722,476
Total	$	5,428,400

Note 5 - Federal Income Tax

During the ~~Company is involving experienced professionals for the day~~year, eDOORWAYS had net operating loss carryforwards of approximately $4,800,000 that may be offset against future taxable income. All other losses incurred by eDOORWAYS in 2005 and previous years are not expected to ~~day operations, the need for specialized training was not felt. So also, the need for the written manuals and handbooks. However, the Management is aware of the need for standard~~be available. These net operating ~~procedures to educate and train its growing general staff. Preparation of manuals and handbooks has begun.~~

loss carryforwards will expire beginning in 2026.

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Note 6 - Commitments and Contingencies

A) Litigation

Texas Workforce Commission.

On February 10, 2000, the Texas Workforce Commission placed an administrative lien on us in the amount of $109,024 in connection with a claim for unpaid compensation by our former employees. This amount is included in accrued expenses at December 31, 2008. The remaining $109,024 plus accrued interest at 8% has been accrued in our financial statements under the heading Judgments payable as of December 31, 2008.

Marathon Oil Company.

A default judgment was taken against us in favor of Marathon Oil Company accrued in our financial statements under the heading “accrued expenses” on August 31, 1999 in the amount of $326,943 representing past and future rentals under a lease agreement, together with $7,500 in attorney’s fees and post judgment interest at 10% per annum until paid. Credit towards the judgment was ordered for sale of personal property by the Sheriff or Constable. We believe the personal property sold for approximately $28,000. To the extent that the property was leased during the unexpired term, it is possible that there would be a mitigation of the damages claim in our favor. We believe that some or all of the space was subsequently rented approximately 90 days later. The remaining $306,443 plus accrued interest at 8% has been accrued in our financial statements under the heading Judgments payable as of December 31, 2008.

Deanna S. Slater.

On August 31, 2006, Deanna S. Slater, an independent contractor formerly with M Power Entertainment, Inc., brought suit in County Civil Court at Law Number Four in Harris County, Texas, Docket Number 872,560, alleging breach of contract, quantum meruit, promissory estoppel and for attorney’s fees. The pre-lawsuit demand was for payment of $15,785. Trial was held on this matter in November 2007. On December 31, 2007 the court awarded Deanna S. Slater the sum of $3,400 and $5,000 to her attorneys. $8,400 plus accrued interest at 8% has been accrued in our financial statements under the heading Judgments payable as of December 31, 2008.

The amount of accrued interest on all these unpaid judgments totaled $384,667 as of December 31, 2009 and is reflected in Judgments payable in our financial statements.

B) Consulting Agreements

Gary Kimmons.

On January 1, 2008, eDOORWAYS entered into a three year employment agreement with Gary Kimmons, to act as the CEO and President of the Corporation. The agreement will automatically extend at the end of the 3 year term, unless notification is given by either party to terminate. Compensation was set and authorized by the Board of Directors and agrees to compensate Mr. Kimmons in the following manner: a) Monthly salary of $25,000 (annual salary of $300,000); b) $60,000 annual cash bonus representing 20% of Executive’s annual base salary (executive may elect to receive bonus in the form of common stock rather than a cash payment); c) Company will issue 30,000,000 (thirty million) shares of restricted common stock to the Kimmons Family Partnership, LTD, as a reward for Mr. Kimmons’ retention and accomplishments related to the eDOORWAYS initiative in 2008; and, d) eDOORWAYS will issue 750,000 (seven hundred fifty thousand) shares of Series C convertible preferred stock (See Note 8 – STOCKHOLDER’S EQUITY) to be issued in the name of The Kimmons Family Partnership, LTD as a signing bonus to be given to Executive at the time the employment agreement was executed on January 1, 2008.

The 30,000,000 shares of restricted common stock were valued at $270,000, and the 750,000 shares of Series C convertible preferred stock were valued at $135,000, based on the market value of the common stock that it could be converted into on the date of issuance of $0.009 per common share. The Series C convertible preferred stock was valued using a market value equivalent of twenty shares of common stock. eDOORWAYS recorded the value of the common and preferred stock as general and administrative expense.

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During the year ended December 31, 2008, Mr. G. Kimmons received an additional 4,062,500 shares of common stock and $36,563 in cash in partial settlement of amounts owed under this contract. As of December 31, 2008, accrued compensation and expense reimbursements of $318,243 were included in accrued expenses to related parties.

Lance Kimmons.

On January 1, 2008, eDOORWAYS entered into a one year consulting services agreement with Lance Kimmons (a director of eDOORWAYS) to assist with operations and business development of eDOORWAYS. Mr. L. Kimmons will also serve on the board of directors for the year 2008, and will receive the monthly director compensation of $2,500 per month, in addition to a $7,000 per month fee for consulting services in relation to the business development aspect of the contract. During the year ended December 31, 2008, Mr. L. Kimmons received 11,250,000 shares of common stock and $5,000 in cash in partial settlement of amounts owed under this contract. As of December 31, 2008, accrued compensation of $83,000 was included in accrued expenses to related parties.

Kathryn Kimmons.

On January 1, 2008, eDOORWAYS entered into a non-employee director agreement with Kathryn Kimmons (a related party) to serve on the Board of Directors for the year 2008 and receive monthly director compensation of $2,500. During the year ended December 31, 2008, Ms. Kimmons received 6,375,000 shares of common stock and $9,500 in cash in partial settlement of amounts owed under this contract. As of December 31, 2008, accrued director compensation of $1,800 was included in accrued expenses to related parties.

Ajene Watson.

On March 10, 2008, eDOORWAYS entered into a consulting agreement (“Watson Agreement”) with Ajene Watson, an individual consultant and a related party in New York, who is charged with establishing an entertainment vertical service offering as a component of eDOORWAYS. The agreement had an initial “trial” period of 90 days and converted to a month-to-month agreement thereafter. Ajene Watson and his affiliates received, upon execution of the agreement, a retainer of $155,000 in the form of a non-refundable cash retainer of $5,000; a non- refundable equity retainer of $105,000 in free trading common stock at a price of $0.0025 per common share or 42,000,000 share s and a non-refundable equity retainer of $45,000 in restricted common stock at a price of $0.005 per common share or 9,000,000 shares, according to the share values stipulated in the agreement. The agreement was executed on March 10, 2008 and approved by the Board on March 11, 2008.

eDOORWAYS valued those shares in accordance with generally accepted accounting principles at the then current fair value of the equity of $0.012 a share on March 10, 2008 or $612,000 in aggregate. This amount was recorded as general and administrative expense during 2008.

Under the terms of the contract beginning April 1, 2008, eDOORWAYS shall pay Ajene Watson a monthly compensation of $50,000 on the first business day of each month. The payment shall be made as follows:

1. 58% or $29,000 of the monthly compensation shall be paid in the form of Restricted Common Stock determined based on a 10% discount from the day’s prior closing bid price. Such compensation is not to exceed 5,800,000 shares or calculate lower than a per share price of $0.005. If the per share price of the Compensation equates to less than $0.005 per common share, the Company shall issue the maximum shares of 5,800,000 and pay the deficit in cash within 30 days. The first payment was due on April 1, 2008.

2. 39% or $19,500 of the monthly compensation shall be in the form of eDOORWAYS’common stock on the first business day of each month. Such compensation is not to exceed 2,785,714 shares or calculate lower than a per share price of $0.007 per common share. If the per share price of the compensation equates to less than $0.007 per share, eDOORWAYS shall issue the Maximum shares of 2,785,714 and pay the deficit in cash within 30 days.

3. 3% or $1,500 of the monthly compensation shall be paid in cash on the first business day of each month.

During the year 2008, eDOORWAYS issued a total of 69,341,855 shares of common stock in payment for services under the agreement. The shares were valued at $680,692 which was included in general and administrative expense.

As of August 31, 2009, an additional 30,000,000 shares of common stock valued at $60,000 have been issued under the Watson Agreement, as a retention bonus

Note 7 - Stock Options and Warrants

During 1998, eDOORWAYS established a stock option plan subsequently amended and now known as the “2004 Stock Option Plan” to promote its interests by attracting and retaining exceptional employees and directors. The Plan provides for the issuance of up to 2,000,000 shares of common stock. Any employee or consultant is eligible to be designated a participant. The Board has sole and complete authority to determine the employees to whom options shall be granted, the number of each grant and any additional conditions and limitations. The exercise price shall not be less than the fair market value of the underlying shares. In March 2009, the Company issued 2,000,000 shares under the stock incentive compensation program.

In addition, eDOORWAYS periodically issues warrants to purchase common stock in conjunction with debt issuances and; as incentive compensation for services or settlement of debt to officers, directors, employees, and consultants.

The following table is an analysis of warrants for the purchase of eDOORWAYS’ common stock for the year ended December 31, 2009 and 2008.

	Warrants		Weighted Average Exercise Price
Outstanding, December 31, 2007		10,016,089	$	0.2999
Granted
Expired/Cancelled
Exercised		-		-
Outstanding, December 31, 2008		10,016,089	$	0.2999

Granted		-
Expired/Cancelled
Exercised		-
Outstanding, December 31, 2009		10,016,089		0.2999

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Note 8 - Stockholders Equity

Preferred Stock

On January 20, 2006, eDOORWAYS filed a Certificate of Designation to designate 1,000 shares of Series D preferred at a par value of one-tenth of one cent ($0.001). These shares were issued to CEO Gary Kimmons. The Series D Preferred shares have the same dividend rights as the common stock of eDOORWAYS and gives Mr. Kimmons the right to vote on all shareholder matters equal to 51 percent of the total vote. These shares of stock were issued for services and were valued at $762,976.

On November 30, 2007, eDOORWAYS amended its Articles of Incorporation to amend its authorized shares to the following:

	Number of authorized shares
Series A Convertible Preferred Stock		7,000,000
Series B Convertible Preferred Stock		1,100,000
Series C Convertible Preferred Stock		1,000,000
Series D Preferred Stock		1,000
Common stock		990,899,000
Total authorized shares		1,000,000,000

The Board of Directors is vested with the authority to fix the voting powers and other designations of each class of stock. The Board has not made any such designations of the Series A and Series B Convertible Preferred Stock. On December 4, 2007, the Board of Directors designated that the Series C Convertible Preferred Stock would:

	●	Carry voting rights five times the number of common stock votes;

	●	Carry no dividends;

	●	Carry liquidating preference eight times the sum available for distribution to common shareholders;

	●	Can automatically convert after one year after issuance to 20 common shares; and

	●	Not be subject to reverse stock splits and other changes to the common stock of eDOORWAYS.

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Common stock

During the year ended December 31, 2009, the holders of the Convertible Debentures elected to convert principal in the amount of $5,770 into 2,700,000 shares of common stock. This resulted in a decrease in the derivative liability of $4,489, which represented the fair value of the embedded derivative associated with converted principal on the date of conversion.

During the year ended December 31, 2009, the holders of notes payable in the amount of $670,000 elected to convert their notes into 31,906,738 shares of common stock valued at $842,127 at the date of conversion.

During the year ended December 31, 2009, eDOORWAYS issued 21,687,500 shares of common stock to directors and officers of eDOORWAYS and recognized general and administrative expense of $171,763. 10,437,500 shares are included in stock issued for compensation in the statement of stockholders’ deficit, with the value of $82,763. 11,250,000 shares are included in stock issued for services in the statement of stockholders’ deficit, with the value of $89,000.

During the year ended December 31, 2009, eDOORWAYS granted a total of 218,134,143 shares of common stock to various consultants for services performed. These shares were valued at $1,985,300 based on the market value of the shares issued. This amount is included in general and administrative expenses in the statement of operations and the shares are included in stock issued for services in the statement of stockholders’ deficit.

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ITEM ~~9A.~~9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

~~NONE.~~

Not Applicable.

ITEM ~~9B.~~9A(T). CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures.

~~With~~

Our management, principally our chief financial officer and chief executive officer, evaluated the ~~change in the management, this Company is contracting to receive the administrative support and is planning to provide adequate~~effectiveness of our disclosure controls and procedures ~~in place in due course.~~

~~For~~as of the ~~current quarter,~~end of the ~~Company has few transactions. The book-keeping and the financial statement preparations were handled~~period covered by ~~qualified professionals and hence~~ this report. Based on that evaluation, our management ~~believes~~concluded that ~~there are adequate~~our disclosure controls and procedures ~~for~~as of the ~~current~~end of the period covered by this report ~~which are~~were not effective to ensure that the information required to be disclosed by us in reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and (ii) accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding disclosure. It has been determined by our management that the Company has ~~adequate~~inadequate segregation of duties consistent with control objectives and has ~~also adapted various accounting~~insufficient written policies inand procedures for accounting and financial reporting with respect to the requirements and application of GAAP and SEC requirements. T he Company has inadequate segregation of duties consistent with control objectives and further, has insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of GAAP and SEC disclosure requirements. The Company has ~~effective~~ineffective controls over ~~the~~period end financial disclosure and reporting processes.

Management’s Annual Report on Internal Control over Financial Reporting

~~The~~

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act. ~~The~~Our internal control system iswas designed 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. ~~The~~Because of inherent limitations, a system of internal control over financial reporting may not prevent or detect misstatements. ~~All~~Also, projections ~~such as~~of any evaluation of effectiveness to future periods are ~~provided by well experienced professionals, while the same can be~~ subject to ~~inherent risks such as changing~~the risk that controls may become inadequate due to change in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

~~The~~

Our management ~~conducts quarterly~~conducted an evaluation of the effectiveness of our internal control over financial reporting using the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control—Integrated Framework. Based on its evaluation, ~~the Company~~our management concluded that there is ~~constantly requiring the experts to improve the system so as to remove any~~a material weakness in our internal control over financial reporting. A material weakness is a deficiency, or a combination of control 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.

The material weakness ~~is eliminated by~~relates to the lack of segregation of duties in financial reporting, as our financial reporting and all accounting functions are performed by ~~experts~~an external consultant with ~~adequate~~no oversight by a professional with accounting expertise.

~~In general,~~ Our management does not possess accounting expertise. This weakness is due to the company’s lack of working capital to hire additional staff. To remedy this material weakness, we intend to engage another accountant to assist with financial reporting as soon as our finances will allow.

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Other than the remediation steps described above, there have been no changes in our system of internal controls over financial reporting during the ~~current period~~year ended December 31, 2008, that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

This annual report does not include an attestation report of ~~reporting, while~~ the ~~management has been constantly reviewing and eliminating any area of material weakness. The management assertion is adequate~~Company’s registered public accounting firm regarding internal control over financial reporting.

Management’s report was not subject to the attestation by the Company’s registered public accounting firm pursuant to temporary rules of the SEC that permit the Company to provide only management’s report in this annual report

ITEM ~~9C.~~9B. OTHER INFORMATION

None.

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PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

The following table sets forth the ~~names~~name, age and position of each of the members of our ~~current~~board of directors, executive officers and promoters as of December 31, 2009:

Our Board of Directors consists of only one class. All of the directors will serve until the next annual meeting of stockholders and until their successors are elected and qualified, or until their earlier death, retirement, resignation or removal. There are no family relationships among directors and executive officers. ~~Also,~~We also have provided a brief description of the ~~principal officers~~business experience of each director and ~~positions with us~~executive officer during the past five years and an indication of directorships held by each ~~person and~~director in other companies subject to the ~~date such person became our director, executive officer. Our executive officers are appointed by our Board of Directors. Our directors serve until~~reporting requirements under the ~~earlier occurrence~~Federal securities laws.

Name	Age	Position

Gary F. Kimmons	60	Chairman of the Board President Chief Executive Officer Chief Financial Officer

Lance Kimmons	32	Director

Kathryn Kimmons	57	Director and Secretary

GARY F. KIMMONS

, has served as chairman of the ~~election~~board since August 1998, and from 1993 until April 1998. Mr. Kimmons has also served as president and chief executive officer since 1993 and secretary since September 1998. Mr. Kimmons has extensive experience in the design, development and implementation of ~~his or her successor at the next meeting~~business management and technical training systems. Mr. Kimmons received a Bachelor of ~~stockholders, death, resignation or removal by the Board of Directors. The family relationships among our directors~~Science degree in psychology, anthropology, and ~~executive officers is as follows: Sohail Quraeshi who is the father of Shahmir Quraeshi.~~

~~Sohail Quraeshi~~
~~Chief Executive Officer~~
~~President~~
~~Director~~
~~April 4, 2015~~
~~Shahmir Quraeshi~~
~~Chief Financial Officer~~
~~Secretary~~
~~Treasurer~~
~~April 4, 2015~~

~~BIOGRAPHIES~~

~~Sohail Quraeshi (59) – Chief Executive Officer, President and director. Mr. Quraeshi is a graduate of Buckingham~~behavioral science from Rice University in 1973 and a masters degree in applied industrial psychology and management science from Stevens Institute of Technology in 1975.

DAMIAN LANCE KIMMONS

, rejoined the ~~United Kingdom (L. Sc. Economics).~~board on January 1, 2007. Mr. Kimmons originally held a position on the board in 2002. Mr. Kimmons has assisted his father, Gary Kimmons, with the development of our business development plan, with a key focus on the automotive vertical marketplace. He attended St. Thomas University from 1998 to 2002, where he majored in business.

KATHRYN KIMMONS

, currently serves as the Secretary and a Director and has ~~been actively involved~~held the position from June, 2002. Mrs. Kimmons has over 20 years of experience in the ~~financial and securities~~entertainment industry as well as 10 years in retail sales and operations. A business entrepreneur who has founded her own entertainment business as well as a ~~Security Analyst with various international banking institutions in the United States, Asia Europe~~retail business selling antiques and ~~the Middle East. In 2004, he co-founded~~collectibles, Mrs. Kimmons is experienced merchandising presentation, interior and was Chairman of Kosmo Systems, a digital media company and leading provider of content for Mobile Devices in the WiFi arena, which he sold in 2006. Beginning in 2006 until present, Mr. Quraeshi founded and served as CEO / Managing Director of Shama Capital Partners, LLC, a Royal Palm Beach, Florida - based provider of strategic consulting services to assist clients to identify, develop and participate in high-return business and financial opportunities, relying on an international network of leaders in business, government, non-governmental organizations and academic institutions.

Shahmir Quraeshi (28) – Chief Financial Officer, Secretary and Treasurer. Mr. Quraeshi received his undergraduate education at American International University and a Master's degree in Leadership and Management from Palm Beach Atlantic University. In 2006, Mr. Quraeshi started his career training as an analyst with Crossbow Ventures, a leading South Florida venture capital firm. He worked there from 2006 to 2007. From 2007 to 2008, he was Office Manager of Qualities Imaging Center, a medical imaging company in Wellington Florida. From 2008 to present heretail buying. Mrs. Kimmons has been a ~~co-owner~~sole proprietor of Sophie’s Nest, a retail enterprise focused on home furnishings

Family Relationships

Gary Kimmons and ~~President~~Kathryn Kimmons are husband and wife. Lance Kimmons is the son of ~~Royal Palm Beach Medical Group, a medical group based in Royal Palm Beach, Florida. (Under Florida law, a non-physician such as Mr. Quraeshi may own~~Gary and manage a medical practice in which all medical services are provided by licensed physicians). From 2009 to present, he was also the founder and manager of Escue Polo, LLC, a Florida-based entity engaged in the sale of clothing. Beginning in 2012 until present, Mr. Quraeshi has served as Chief Financial Officer of Shama Capital Partners, LLC, a Royal Palm Beach, Florida-based provider of strategic consulting services to assist clients identify, develop and participate in high-return business and financial opportunities, relying on an international network of leaders in business, government, non-governmental organizations and academic institutions. He has an extensive knowledge of private equity and structured finance.

Murugan Venkatachalam (62) – Corporate Controller. Mr. Venkatachalam received his Master's degree and Ph.D. in Finance from the University of Madras, India. He is also a chartered accountant in India. From April 10, 2006 to present he has served as Corporate Controller for Model Shipways, Inc., a Florida-based manufacturer of ship model kits.

Kathryn Kimmons.

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Section 16(a) Beneficial Ownership Compliance.

Section 16(a) of the Securities Exchange Act of 1934 requires our executive officers, directors and persons who own more than ten percent of our shares of common stock, to file initial reports of beneficial ownership on Form 3, changes in beneficial ownership on Form 4 and an annual statement of beneficial ownership on Form 5, with the SEC. Such executive officers, directors and greater than ten percent shareholders are required by SEC rules to furnish us with copies of all such forms that they have filed.

Based solely on our review of the copies of such forms filed with the SEC electronically, received by us and representations from certain reporting persons, for the fiscal year ended December 31, ~~2017,~~2008, none of the officers, directors and more than 10% beneficial owners have filed Form ~~5's~~5’s with the SEC.

Code of Ethics

We have adopted a code of ethics for our principal executive ~~officers.~~

officers, which is posted on our internet website at www.edoorways.com.

Director Independence

Our determination of independence of directors is made using the definition of “independent director” contained in Rule 4200(a)(15) of the Marketplace Rules of the NASDAQ Stock Market (“NASDAQ”), even though such definitions do not currently apply to us because we are not listed on NASDAQ. We have determined that none of the members of our Board of Directors as of December 31, ~~2018~~2009 were “independent” within the meaning of such rules.

ITEM ~~11.~~11 . EXECUTIVE COMPENSATION

The following table sets forth the ~~Executive~~aggregate cash compensation paid by the Company for services rendered during the last two years to the Company’s executive ~~officers in the last two years.~~

During the Current Year
Name

Fees Earned or Paid in cash

Non-Equity Incentive Plan Compensation

All Other Compensation

Total

Sohail Quraeshi CEO

$ 36,000

$ 36,000

Shamir Quraeshi CFO

$ 24,000

$ 24,000

During the Last Year
Name

Fees Earned or Paid in cash

Non-Equity Incentive Plan Compensation

All Other Compensation

Total

Sohail Quraeshi CEO

$ 36,000

$ 36,000

Shamir Quraeshi CFO

$ 24,000

$ 24,000

officers.

Name and Principal Position

Salary

($)

Bonus

($)

All Other Compensation ($)

Total

($)

Gary F. Kimmons(1)

CEO, CFO and

300,000

60,000

135,000

495,000

Chairman of the Board

240,000

50,000

N/A

290,000

Lance Kimmons,

88,000

N/A

88,000

Director

N/A

Kathryn Kimmons

85,300

N/A

85,300

Secretary and Director

N/A

Mr. Kimmons, the President and CEO of the Company is currently subject to an Employment Agreement with the Company. See “Employment Contracts” below.

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Grants of Plan Based Awards

On March 31, 2004, the Board of Directors approved and adopted the Non Employee-Directors and Consultants Retainer Stock Plan for the Year 2004. The plan was established in order to provide a method whereby chosen directors and persons providing services to the Company may be offered incentives in addition to those presently available, and may be stimulated by increased personal involvement in the fortunes and success of the Company, thereby advancing the interests of the Company and its shareholders. The number of common shares authorized under the plan is two million (2,000,000).

Outstanding Equity Awards at Fiscal Year-End

The following table sets forth for each named executive officer certain information concerning the outstanding equity awards as of our latest fiscal year end December 31, 2009 .

Option Awards

Stock Awards

Name

Number of Securities Underlying Unexercised Options Exercisable

Number of Securities Underlying Unexercised Options Unexercisable

Equity Incentive Plan Awards: Number of Securities Underlying Unexercised Unearned Options

Option Exercise Price

Option Expiration Date

Number of Shares or Units of Stock that Have Not Vested

Market Value of Shares or Units of Stock that Have Not Vested

Equity Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested

Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested

Gary Kimmons

Nil

Lance Kimmons

Nil

Kathryn Kimmons

Nil

Election of Officers

Each director is elected at the Company’s annual meeting of shareholders and holds office until the next annual meeting of stockholders or until the successors are qualified and elected. The bylaws permit the Board of Directors to fill any vacancy and such director may serve until the next annual meeting of shareholders or until his or her successor is elected and qualified.

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Compensation of Directors

The following table sets forth the aggregate cash compensation paid by the Company for services rendered by its Directors during the last completed fiscal year.

DIRECTOR COMPENSATION
Name	Fees Earned or Paid in Cash ($)		Stock Awards ($)		Option Awards ($)		Non-Equity Incentive Plan Compensation ($)		Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)		All accrued unpaid Compensation		Total
Gary Kimmons	$	51,257	$	135,000		N/A		N/A		N/A	$	308,743	$	495,000
Lance Kimmons		N/A	$	5,000		N/A		N/A		N/A	$	83,000	$	88,000
Kathryn Kimmons	$	9,500	$	4,500		N/A		N/A		N/A	$	71,800	$	85,800

Employment Agreements

Gary Kimmons.

On January 1, 2008, the Company entered into a three year employment agreement with Gary Kimmons, to act as the CEO and President of the Corporation. The agreement will automatically extend at the end of the 3 year term, unless notification is given by either party to terminate. Compensation was set and authorized by Board of Directors and agrees to compensate Mr. Kimmons in the following manner: a) Monthly salary of $25,000 (annual salary of $300,000); b) $60,000 annual cash bonus representing 20% of Executive’s annual base salary (executive may elect to receive bonus in the form of common stock rather than a cash payment); c) Company will issue 30,000,000 (thirty million) shares of restricted common stock to the Kimmons Family Partnership, LTD, as a reward for Mr. Kimmons’ accomplishments related to the EDOORWAYS initiative in 2007; and, d) The Company will issue 750,000 (seven hundred fifty thousand) shares of Series C convertible preferred stock (See Note 6 – Stockholder’s Equity) to be issued in the name of The Kimmons Family Partnership, LTD as a signing bonus to be given to Executive at the time the employment agreement was executed on January 1, 2008.

The 30,000,000 shares of restricted common stock were valued at $270,000, and the 750,000 shares of Series C convertible preferred stock were valued at $135,000, based on the market value of the stock on the date of issuance. The Series C convertible preferred stock was valued using market value of twenty shares of common stock. The company recorded the value of the common stock and preferred stock as general and administrative expense.

Lance Kimmons.

On January 1, 2008, we entered into a one year consulting services agreement with Lance Kimmons (a director of eDOORWAYS) to assist with operations and business development of DOORWAYS. Mr. L. Kimmons will also serve on the board of directors for the year 2008, and will receive the monthly director compensation of $2,500 per month, in addition to a $7,000 per month fee for consulting services in relation to the business development aspect of the contract. During the year ended December 31, 2008, Mr. L. Kimmons received 11,250,000 shares of common stock and $5,000 in cash in partial settlement of amounts owed under this contract. As of December 31, 2008, accrued compensation of $83,000 was included in accrued expenses to related parties.

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Kathryn Kimmons.

On January 1, 2008, eDOORWAYS entered into a non-employee director agreement with Kathryn Kimmons (a related party) to serve on the Board of Directors for the year 2008 and receive monthly director compensation of $2,500. During the year ended December 31, 2008, Ms. Kimmons received 4,375,000 shares of common stock and $9,500 in cash in partial settlement of amounts owed under this contract. As of December 31, 2008, accrued director compensation of $1,800 was included in accrued expenses to related parties

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

The following table sets forth as of Decemberr 31, 2009, the name and number of shares of the Company’s common stock, par value $0.001 per share, held of record by (i) each of the three highest paid persons who are officers and directors of the Company, (ii) beneficial owners of 5% or more of our common stock; and (iii) all the officers and directors as a group. Pursuant to the rules and regulations of the Securities and Exchange Commission, shares of common stock that an individual or group has a right to acquire within 60 days pursuant to the exercise of options or warrants are deemed to be outstanding for the purposes of computing the percentage ownership of such individual or group, but are not deemed to be outstanding for the purposes of computing the percentage ownership of any other person shown in the table.

Name of Beneficial Owner	Number of Shares Beneficially Owned (1)		% of Outstanding Shares
Gary Kimmons (CEO, CFO and Chairman)(2)		0		0	%
Lance Kimmons (Director)		10,250,000		1.59	%
Kathryn Kimmons (Director and Secretary)(3)		0		0	%
Kimmons Family Partnership (2) (3)		34,375,000		5.35	%
CEDE & CO		76,665,202		11.93	%
Triumph Capital		33,333,333		5.19	%
Ajene Watson LLC		29,000,000		4.51	%
Fairhills Capital		18,333,330		2.85	%
Ajene Watson		18,470,219		2.87	%
All directors and officers as a group (3 persons)		44,625,000		6.945	%

1.	All amounts shown in this column include shares obtainable upon exercise of stock options or warrants currently exercisable or exercisable within 180 days of the date of this table and is based on 642,512,859 of common stock outstanding as December 31, 2009.
2.	Mr. Gary Kimmons is a general partner of the Kimmons Family Partnership, Ltd., and as such has the sole voting, investment and disposition power over the 34,375,000 shares of Common Stock owned by the partnership

3.	Mrs. Kimmons is deemed to have indirect beneficial ownership of these shares, as the spouse of Gary F. Kimmons.

ITEM ~~12.~~13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

There are no related party transactions in the fiscal year ending December 31, ~~2018.~~

2009.

ITEM ~~13.~~14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

Independent Public Accountants

Our independent accountants for the fiscal year ended December 31, ~~2018 and~~2008 was GBH CPAs, PC. We did not have audited financials for ~~the fiscal year ended December 31, 2017 was Yusufali & Associates LLC. Below is a summary of the fees billed to us by our independent accountants for professional services rendered for 2018 and 2017:~~

Fee Category

2018

2017

Audit Fees

5,000

5,000

Audit-Related Fees

-

Tax Fees

-

All Other Fees

-

Total Fees

5,000

5,000

~~ITEM 14. EXHIBITS.~~

2009.

Fee Category	2009 Fees		2008 Fees

Audit Fees	$	0	$	114,250
Audit-Related Fees	$	-	$	-
Tax Fees	$	-	$	-
All Other Fees	$	-	$	-

Total Fees	$	0	$	114,250

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EXHIBITS.

Exhibit No.		Description
~~3.1~~3.2		~~CERTIFICATE OF AMENDMENT~~
~~3.2~~		AMENDED AND RESTATED BYLAWS
31.1		RULE 13A-14(A)/15D-14(A) CERTIFICATIONS
31.2		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
32.1		Certification of Principal Executive Officer Pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

~~Filed Herewith~~

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SIGNATURES

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

Dated: 3115^stth ~~March, 2019~~

Feb 2020

/s/ ~~Sohail Quraeshi~~Saskya Bedoya

~~By: Sohail Quraeshi,~~

~~Its: Chief Executive Officer~~

Saskya Bedoya, President

In accordance with the Exchange Act, this report has been signed by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Dated: 3115^stth ~~March, 2019~~ Feb 2020		/s/ ~~Sohail Quraeshi~~Saskya Bedoya
		~~Sohail Quraeshi~~ ~~Director~~ Saskya Bedoya, President

~~Dated: 31~~^st ~~March, 2019~~		~~/s/ Shahmir Quraeshi~~
		~~Shahmir Quraeshi,~~ ~~Director~~
Dated: 15^th Feb 2020		/s/ Murugan Venkat
		Murugan Venkat, Secretary

Delaware		76-0513297
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

~~3495 Lakeside Drive, #1087, Reno, NV~~ 820 West Third Street, Suite 1103, Austin, TX		~~89509~~ 78701
(Address of principal executive offices)		(Zip Code)

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	x
(Do not check if a smaller reporting company)			~~Emerging growth company~~	¨

~~Held by Non-Affiliates at Market Price~~
~~Voting~~	~~Common Stock~~	~~1,153,156 shares~~	~~$2.00/per share~~	~~$2,306,312~~
~~Non-Voting~~	~~Common Stock~~	0

PART I
			~~Page~~
~~PART I~~ITEM 1	DESCRIPTION OF BUSINESS	4
ITEM 2	~~FORWARD LOOKING STATEMENTS~~			3
~~Item 1.~~	~~BUSINESS~~			4
~~Item 1A.~~	~~RISK FACTORS~~			7
~~Item 1B.~~	~~UNRESOLVED STAFF COMMENTS~~			7
~~Item 2.~~	DESCRIPTION OF PROPERTY	11		7
~~Item 3.~~ITEM 3	LEGAL PROCEEDINGS	11		7
~~Item 4.~~ITEM 4	SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS	11
	7
PART II

~~PART II~~ITEM 5
~~Item 5.~~	MARKET FOR ~~REGISTRANTS~~ COMMON EQUITY AND RELATED STOCKHOLDER MATTERS ~~AND ISSUER PURCHASES OF EQUITY SECURITY~~	12		8
~~Item 6.~~ITEM 7	~~SELECTED FINANCIAL DATA~~			9
~~Item 7.~~	~~MANAGEMENTS~~MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF ~~OPERATION~~OPERATIONS	14		9
~~Item 7A.~~ITEM 8	~~QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK~~			11
~~Item 8.~~	FINANCIAL STATEMENTS	16		12
~~Item 9A.~~ITEM 9	CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE	29		25
~~Item 9B.~~ITEM 9A	CONTROLS AND PROCEDURES	29		25
~~Item 9C.~~ITEM 9B	OTHER INFORMATION	30
	25
PART III

~~Part III~~ITEM 10
~~Item 10.~~	DIRECTORS,EXECUTIVE OFFICERS, PROMOTERS AND CORPORATE GOVERNANCE	31		26
~~Item 11.~~ITEM 11	EXECUTIVE COMPENSATION	32		27
~~Item 12.~~ITEM 12	SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT	35
ITEM 13	CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS	35		28
~~Item 13.~~ITEM 14	PRINCIPAL ACCOUNTANT FEES AND SERVICES	35		28
~~Item 14.~~	~~EXHIBITS.~~			28

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

	For the fiscal year ended December 31, 2009

~~Nevada~~		~~76-0513297~~

	For the transition period from ______________ to ______________

Title of each class		Name of each exchange on which registered
None		None

	·	~~In October 1991, the Company changed its name to LBM-US, Inc. ("LBM").~~

	·	Pursuant to an agreement effective August, 1994, LBM acquired all of the assets and liabilities of GK Intelligent Systems, Inc., a Texas corporation, in exchange for 6,758,920 shares of LBM common stock which were issued to Gary F. Kimmons and his family partnership. The remaining 963,275 shares of LBM common stock then outstanding were retained by the former shareholders of LBM in transaction treated for accounting purposes as a reverse merger.

	·	~~At that time the Company changed its names to GK Intelligent Systems, Inc.~~

	·	On April 3, 2002, the Company effectuated a 1-for-10 reverse split of its common stock. On May 18, 2005, the Company changed its name to M Power Entertainment, Inc. and effectuated a 1-for-200 reverse split of its common stock.

	·	~~On September 4, 2007, the Company changed its name to eDoorways Corporation and effectuated a 1-for-2,000 reverse split of its common stock.~~

	·	~~In May 2010, the Company changed its name to eDoorways International Corporation.~~

	·	~~On October 27, 2011, the Company effectuated a 1-for-1,000 reverse split of its common stock.~~

	·	~~On May 6, 2013, the Company converted from a Delaware corporation to a Nevada corporation.~~

	·	In April 2015, Sohail Quraeshi, the then CEO, was issued 1,000 shares of the Company's Series A Preferred Stock which had previously been issued to our former Acting CEO, Arne Ray, who served from August 13, 2013 until April 1, 2015.

	m	Those shares were returned as Treasury stock by Mr. Ray, without consideration, and then issued to Sohail Quraeshi as compensation valued at fair market value, or $4.00 per share so as comply with FASB ASC Topic 718 column (e).

	m	This transaction constituted a change of control of the Company as the Series A Preferred Shares, collectively, votes an equivalent of 75% of all eligible voting shares. The owner of such shares prior to being held by Mr. Ray was our former CEO, Gary Kimmons, who held such shares from issuance until August 15, 2013. The issuances of the shares of Series A Preferred Stock were also treated as compensation to Messrs. Kimmons and Ray, respectively, and valued a fair market value of $0.01 per share pursuant to FASB ASC Topic 718 (e).

	· 1.	~~On June 23, 2015,~~ A performance support feature that assists consumers in resolving current lifestyle problems and issues on a Certificate of Amendment to Articles of Incorporation of the Company, which was filed with the Nevada Secretary of State on June 1, 2015, was declared effective by FINRA – Corporate Actions, whereby the Company effectuated (i) A reduction in the number of authorized shares of common stock from 2,500,370,900 to 250,000,000; (ii) a Change of name from eDoorways International Corporation to Escue Energy, Inc.;real-time collaborative basis; and ~~(iii) a 1-for-2,000 reverse split of the Company's common stock, $0.00001 par value per share.~~

	·	~~Effective July 1~~^st~~, 2019 the Articles of Incorporation has been amended and the new name is Carnegie Development, Inc.~~

Competitor		Description

GenieTown		The company helps consumers hire quality service providers. Services are offered in nearly every category. On GenieTown, anyone can be a Genie and everyone can find the right Genie for the job. GenieTown leverages the power of the Web and matches consumers with local service providers in a safe, efficient, and trusted manner.

LooBoo		LooBoo provides an extensive search database that is intended to provide its users with the ability to find businesses within a particular location.

The Local Guru		The Local Guru’s mission is to deliver valuable tools and marketing for skilled Canadian residents, allowing people of like-skills to build relationships and grow business and contacts. Their goal is to become Canada’s most effective way to link skilled persons with people in their community. TheLocalGuru.com is about capturing that skill and enabling people to leverage it for the benefit of self and community.

Local		Local.com is a leader in local search with the Local.com search engine and related products that deliver relevant search results. With more than 20 patents held or pending for search engine technologies, Local.com designed its local search engine to help users quickly and easily find the most relevant results for local businesses, products, and services. In addition to the local search engine, Local.com offers products and services that help advertisers, business partners and local businesses optimize results for local search queries, effectively matching end user searches with advertisers in ways that are beneficial to both sets of Local.com customers.

Yub		Yub is an online mall where people meet, hang together, and get up to 25% back for shopping. The number of products listed in Yub’s mall is 5,921,625. Like a real mall, you can hang out with friends, meet others, and people watch. Unlike a real mall, Yub personalizes your shopping and pays you for it.

Slide		Slide is the largest personal media network in the world, reaching more than 134 million unique global viewers each month and 30 percent of the U.S. Internet audience. Slide helps people express themselves and tell stories through personalized photos and videos created on Slide.com and viewed anywhere on the web or desktop. Slide widgets — including Slideshows, Guestbooks, SkinFlix and FunPix — are popular on top social networking and blog platforms, including MySpace, Facebook, Bebo, Hi5, Friendster, Tagged, Piczo and Blogger. Slide is also the leading application developer on Facebook with more than 63 million applications installed, including SuperPoke and Top Friends, the most active application by more than four times that of any other 3rd party developer.

Facebook		Facebook is a social utility that connects people with friends and others who work, study and live around them. People use Facebook to keep up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. Facebook is made up of many networks, each based around a company, region, or school. You can join the networks that reflect your real-life communities to learn more about the people who work, live, or study around you.

LinkedIn		LinkedIn’s mission is to help people be more effective in their daily work and open doors to opportunities using the professional relationships they already have. A LinkedIn network consists of a person’s connections, their connections’ connections, and the people they know, linking them to thousands of qualified professionals.

Yahoo! Answers	With Yahoo! Answers, one can get real answers from real people. A user can ask questions easily, answer others’ questions, and see what others are asking.

MySpace	MySpace permits:
		∙	Friends who want to talk Online
		∙	Single people who want to meet other Singles
		∙	Matchmakers who want to connect their friends with other friends
		∙	Families who want to keep in touch--map your Family Tree
		∙	Business people and co-workers interested in networking
		∙	Classmates and study partners
		∙	Anyone looking for long lost friends.

Fatdoor	Fatdoor aims to connect users with their neighbors by providing a localized social network for their physical community. The website integrates with Microsoft Virtual Earth to display local business and residential listings on an interactive map. Once users claim their listings, they can add profiles and put down their interests. Users can then plan events and form local interest groups with the site.

Fiscal 2018	High		Low
First Quarter (1)	$	0.70	$	0.70
Second Quarter (1)	$	0.70	$	0.70
Third Quarter (1)	$	0.70	$	0.70
Fourth Quarter (1)	$	0.15	$	0.15

Fiscal 2017	High		Low
First Quarter (1)	$	2.00	$	0.90
Second Quarter (1)	$	0.90	$	0.90
Third Quarter (1)	$	0.90	$	0.90
Fourth Quarter (1)	$	0.90	$	0.90

	For the year ended
	31-Dec-18			31-Dec-17
Assets
Current Assets:
Bank Account	$	-		$	-
Total current assets	$	-		$	-
Total assets	$	-		$	-
Liabilities
Current Liabilities:
Accounts payable	$	120,000		$	60,000
Accrued expenses	$	-		$	-
Total Current Liabilities	$	120,000		$	60,000
Total liabilities	$	120,000		$	60,000
Stockholders' Equity
Series A preferred stock: 1,000 shares authorized, par value $0.001 per share; 1,000 shares issued and outstanding on December 31, 2018 and 1,000 shares issued and outstanding on December 31, 2017, recorded @ FMV to comply with FASB ASC Topic 718 Column (e)	$	4,000		$	4,000
Common stock: 250,000,000 shares authorized, par value $0.00001 per share, 41,153,156 shares issued and outstanding on December 31, 2018 and 41,153,156 shares issued and outstanding on December 31, 2017	$	2,270,117		$	2,270,117
Additional Paid-in Capital	$	1,142,640		$	1,142,640
Retained Earnings	$	(3,536,757	)	$	(3,476,757	)
Total Stockholders' Equity	$	(120,000	)	$	(60,000	)
Total Liabilities & Equity	$	-		$	-

Carnegie Development, INC.
Statement of Operations
	For the year ended
	31-Dec-18			31-Dec-17

Net Revenues	$	-		$	-

Operating expenses:
Selling, general and administrative	$	60,000		$	60,000
Total operating expenses	$	60,000		$	60,000

Operating loss	$	(60,000	)	$	(60,000	)

Net Gain (loss)	$	(60,000	)	$	(60,000	)

Net gain (loss) attributable to common stock	$	(60,000	)	$	(60,000	)

Earnings per share:
Basic and diluted	*($0.0015)*			*($0.0015)*

Basic and diluted weighted average common shares outstanding		41,153,156			41,153,156

Carnegie Development, INC.
Statement of Cash Flows
	For the year ended
	31-Dec-18			31-Dec-17

CASH FLOWS FROM OPERATING ACTIVITIES
Net Gain (loss)	$	(60,000	)	$	(60,000	)
Adjustments to reconcile Net Income to Net Cash provided by operations:
Accounts Payable	$	60,000		$	60,000
Total Adjustments to reconcile Net Income to Net Cash provided by operations	$	60,000		$	60,000
Net cash provided by operating activities	$	0		$	0

NET CASH used by Investing Activities	$	0		$	0

NET CASH used by Financing Activities	$	0		$	0

NET CASH INCREASE (DECREASE) For PERIOD	$	0		$	0
Cash, Beginning	$	0		$	0
Cash, Ending	$	0		$	0

SUPPLEMENTAL CASH FLOW INFORMATION AND NONCASH INVESTING AND FINANCING ACTIVITIES:

Cash paid during the period for:
Interest	$	0		$	0
Income taxes	$	0		$	0

	Series A Preferred Stock				Common Stock				Surplus
	Shares		$		Shares		$		(Deficit)
Balance, December 31, 2016		1,000		4000		41,153,156		2,270,117	$	(3,416,757	)
Net Income (Loss)		-		-		-		-	$	(60,000	)
Balance, December 31, 2017		1000		4000		41,153,156		2,270,117	$	(3,476,757	)
Net Income (Loss)		-		-		-		-	$	(60,000	)
Balance, December 31, 2018		1,000		4000		41,153,156		2,270,117	$	(3,536,757	)

	·	~~Escue Energy Inc until July 1, 2019~~
	·	~~State of incorporation changed from Delaware to Nevada in 2015~~
	·	~~eDoorways Corporation, Inc. until 2015~~
	·	~~M Power Entertainment, Inc. until 2007~~
	·	~~GK Intelligent Systems, Inc. until 2005~~
	·	~~Technicraft Financial, Ltd. until 1994~~
	·	~~Incorporated in Delaware in February 1988~~

	Q4 2018		Q3 2018		Q2 2018		Q1 2018
Compensation.	$	15,000	$	15,000	$	15,000	$	15,000

	December 31, 2018			December 31, 2017
Deferred tax assets:
Net operating loss carryovers	$	3,536,757		$	3,476,757
Stock-based compensation		-			-
Other temporary differences		-			-
Total deferred tax assets	$	3,536,757		$	3,476,757
Valuation allowance	$	(3,536,757	)	$	(3,476,757	)
Net deferred tax asset	$	-		$	-

During the Current Year
Name	Fees Earned or Paid in cash	Non-Equity Incentive Plan Compensation	All Other Compensation		Total
Sohail Quraeshi CEO			$	36,000	$	36,000
Shamir Quraeshi CFO			$	24,000	$	24,000

During the Last Year
Name	Fees Earned or Paid in cash	Non-Equity Incentive Plan Compensation	All Other Compensation		Total
Sohail Quraeshi CEO			$	36,000	$	36,000
Shamir Quraeshi CFO			$	24,000	$	24,000

Fee Category	2018		2017
Audit Fees		5,000		5,000
Audit-Related Fees		-
Tax Fees		-
All Other Fees		-
Total Fees		5,000		5,000