The last reported sales price of our common shares are not quotedstock on the OTC Bulletin Board at this time.  TradingOTCMarkets on January 27, 2023, was $4.99.

Dividend Policy

We have not declared or paid dividends on our common stock since our formation, and we do not anticipate paying dividends in stocks quoted on the OTC Bulletin Board is often thin and is characterized by wide fluctuations in trading prices due to many factors that may be unrelated to a company’s operationsforeseeable future. Declaration or business prospects.  We cannot assure you that there will be a marketpayment of dividends, if any, in the future, forwill be at the discretion of our common stock.Board of Directors and will depend on our then current financial condition, results of operations, capital requirements and other factors deemed relevant by the Board of Directors. There are no contractual restrictions on our ability to declare or pay dividends.

OTC Bulletin Board securities are not listed or traded on the floor of an organized national or regional stock exchange.  Instead, OTC Bulletin Board securities transactions are conducted through a telephone and computer network connecting dealers in stocks.  OTC Bulletin Board issuers are traditionally smaller companies that do not meet the financial and other listing requirements of a regional or national stock exchange.Holders

As of October 31, 2018, no shares of our common stock have traded.

Number of Holders

As of October 31, 2018, the2022, there were 6,240,000 issued and outstanding shares of common stock issued and outstanding, which were held by our majority shareholder Ruslan Mishin and the rest29 stockholders of our minority shareholders.record.

DividendsEquity Compensation Plans

No cash dividends were paid on our shares of common stock during the fiscal years ended October 31, 2018 and 2017.  We have not paid any cash dividends since our inception and do not foresee declaringhave any cash dividends on our common stock in the foreseeable future. equity compensation plans.

Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities

None.

PurchasePurchases of our Equity Securities by Officersthe Small Business Issuer and DirectorsAffiliated Purchasers

None.

Other Stockholder Matters

None.

Item 6. Selected Financial Data                                       Data.

Not applicable.Smaller reporting companies are not required to provide the information required by this Item 6.

Item 7. Management'sManagement’s Discussion and Analysis of Financial Condition and Results of OperationsOperations.

This Management’s Discussion and Analysis of Financial Condition and Results of Operations is intended to provide a reader of our financial statements with a narrative from the perspective of our management on our financial condition, results of operations, liquidity, and certain other factors that may affect our future results. The following discussion and analysis should be read in conjunction with our audited consolidated financial statements includingand the accompanying notes thereto appearing elsewhereincluded in this annual report. The“Item 8. Financial Statements and Supplementary Data.” In addition to historical financial information, the following discussion and analysis contains forward-looking statements that reflect our plans, estimatesinvolve risks, uncertainties and beliefs.assumptions. See “Forward-Looking Statements.” Our actual results couldand the timing of selected events may differ materially from those discussedanticipated in these forward-looking statements as a result of many factors.

Business Overview

The Company initially was a provider of destination management and event management services.

After the change in control of management, the Company is currently working to acquire an operating business in the forward-looking statements.   carbon emissions control industry.

Plan of Operations

The Company is currently planning to enter the carbon emissions reduction industry. We are tentatively look for a target company in the industry for acquisition in order to increase our service scopes.

Going Concern

Our auditedauditor has indicated in their reports on our financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

RESULTS OF OPERATIONS

We have incurred recurring lossesfor the fiscal years ended October 31, 2022, that conditions exist that raise substantial doubt about our ability to date. Our financial statements have been prepared assuming that we will continue as a going concern due to our recurring losses from operations, deficit in equity, and accordingly, do not include adjustments relating to

the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expectneed to raise additional capital to fund operations. A “going concern” opinion could impair our ability to finance our operations through among other things, the sale of equitydebt or debtequity securities.

FISCAL YEAR ENDED OCTOBER 31, 2018 COMPARED TO FISCAL YEAR ENDED OCTOBER 31, 2017.Results of Operations

Our net lossFiscal Year Ended October 31, 2022 and Fiscal Year Ended October 31, 2021

The company has generated $nil and $nil revenues for the fiscal year ended October 31, 2018 is $10,215 compared to a net loss2022 and 2021, respectively. Cost of $15,363 duringrevenues were $nil for the fiscal yearyears ended October 31, 2017. During fiscal year ended2022, and October 31, 2018, the Company has generated $0 in revenue, compare2021. Operating expenses increased to $9,900 in the year ended October 31, 2017.

During the fiscal year ended October 31, 2018, we incurred professional fees of $5,000 and bank service charges of $185 compared to professional fees of $25,170 and service charge of $93 incurred during fiscal year ended October 31, 2017.  

The weighted average number of shares outstanding was 6,240,000 $9,659 for the fiscal year ended October 31, 20182022, as compared to $4,192 for the fiscal year ended 2021, both of them are substantially professional services expenses. We had net loss of $9,659 and 6,131,397$4,192 for the fiscal year ended October 31, 2017.2022 and 2021, respectively.

LIQUIDITY AND CAPITAL RESOURCES

FISCAL YEAR ENDED OCTOBER

Capital Resources and Liquidity

Fiscal Year Ended October 31, 2018 AND 20172022 and Fiscal Year Ended October 31, 2021

Cash Used in Operating Activities

For the years ended October 31, 2022 and 2021, the Company had cash used in operating activities in the amount of $6,598 and $4,082, respectively, which were primarily due to net loss for the year, prepayment, and accounts payable and accrued liabilities.

Cash Provided by Financing Activities

For the years ended October 31, 2022 and 2021, the Company realized cash provided by financing activities in the amount of $6,598 and $4,092, respectively, which was advances from our director for working capital purposes.

As of October 31, 2018, our total assets were $(13) comprised2022, we have cash of cash and cash equivalents; our total liabilities were $15,993 comprised of loan from our director $9,343, Accounts payables $5,000 and accrued expenses $1,650.

$0. As of October 31, 2017, our total assets were $5,201 and our total liabilities were $10,992 comprised2021, we had cash of loan from our director $5,992 and accounts payable $5,000.  Stockholders’ equity (deficit) decreased from $(5,791) as of October 31, 2017 to $(16,006) as of October 31, 2018.  $0.

Cash Flows from Operating Activities

For the fiscal year ended October 31, 2018, net cash flows used in operating activities were $(3,565) consisting of net loss of $(10,215), accumulated amortization of $5,000 and accrued expenses of $1,650. For the fiscal year ended October 31, 2017, net cash flows used in operating activities were $(17,294) consisting of net loss of $(15,363), accounts payable of $5,000 and accrued expenses of $(6,931).

Cash Flows Provided by Investing Activities

For the fiscal year ended October 31, 2018, net cash flows used in investing activities were $0 invested in developingOur auditors have issued a website“going concern” opinion, meaning that there is substantial doubt if we can continue as an on-going business for the Company. For the fiscal year ended October 31, 2017, net cash flows used in investing activities were $(5,000) invested in developing a website for the Company.

Cash Flows from Financing Activities

For the fiscal year ended October 31, 2018, net cash from financing activities was $3,350 consisting of director’s loan. For the fiscal year ended October 31, 2017, net cash from financing activities was $18,200 consisting of proceeds received from issuance of shares.

PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirementsnext twelve months unless we obtain additional capital. No substantial revenues are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next six months. We have no lines of credit or other bank financing arrangements. Generally,until we have financed operations to date through the proceedsimplemented our plan of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of software; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

MATERIAL COMMITMENTS

As of the date of this Annual Report, we do not have any material commitments.

PURCHASE OF SIGNIFICANT EQUIPMENT

We do not intendThe Company requires additional funding to purchase any significant equipment during the next twelve months.

OFF-BALANCE SHEET ARRANGEMENTS

As of the date of this Annual Report, we do not have any off-balance sheet arrangements that have or are reasonably likelymeet its ongoing obligations and to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING CONCERN

The independent auditors' reports accompanying our October 31, 2018 and October 31, 2017 financial statements contains an explanatory paragraph expressingfund anticipated operating losses. Our auditor has expressed substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming

that we willability of the Company to continue as a going concern" is dependent on raising capital to fund its initial business plan and ultimately to attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

We expect to incur marketing and professional and administrative expenses as well expenses associated with maintaining our filings with the Commission. We will require additional funds during this time and will seek to raise the necessary additional capital. If we are unable to obtain additional financing, we may be required to reduce the scope of our business development activities, which contemplates thatcould harm our business plans, financial condition and operating results. Additional funding may not be available on favorable terms, if at all. The Company intends to continue to fund its business by way of equity or debt financing and advances from related parties. Any inability to raise capital as needed would have a material adverse effect on our business, financial condition and results of operations.

If we cannot raise additional funds, we will realize our assets and satisfy our liabilities and commitmentshave to cease business operations. As a result, investors in the ordinary courseCompany’s common stock would lose all of business.their investment.

Off Balance Sheet Arrangements

None.

Recent Accounting Pronouncements

None.

Item 7A. Quantitative and Qualitative Disclosures aboutAbout Market RiskRisk.

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

Item 8. Financial Statements and Supplementary DataData.

The full text of the Company’s financial statements for the fiscal years ended October 31, 2022 and 2021, begins on page F- 1 of this Annual Report on Form 10-K.

Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.

There have been no changes in or disagreements with accountants regarding our accounting, financial disclosures or any other matter.

Item 9A. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

The management of the Company is responsible for establishing and maintaining adequate internal control over financial reporting, as required by Sarbanes- Oxley (SOX) Section 404 A. The Company’s internal control over financial reporting is a process designed under the supervision of the Company’s Chief Executive Officer and Chief Financial Officer to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the Company’s financial statements for external purposes in accordance with U.S. generally accepted accounting principles.

Management assessed the effectiveness of the Company’s internal control over financial reporting based on the criteria for effective internal control over financial reporting established in SEC guidance on conducting such assessments as of the end of the period covered by this report. Management conducted the assessment based on certain criteria established in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this assessment, management concluded that our internal controls over financial reporting were not effective as of October 31,2022.

The matters involving internal controls and procedures that the Company’s management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee and lack of a majority of outside directors on the Company’s board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; (3) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (4) ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by the Company’s Chief Financial Officer in connection with the review of our financial statements as of October 31, 2022 and communicated the matters to our management.

Management believes that the material weaknesses set forth in items (2), (3) and (4) above did not have an effect on the Company’s financial results. However, management believes that the lack of a functioning audit committee and lack of a majority of outside directors on the Company’s board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures can result in the Company’s determination to its financial statements for the future years.

We are committed to improving our financial organization. As part of this commitment, we will create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical accounting expertise within the accounting function when funds are available to the Company: (i) Appointing one or more outside directors to our board of directors who shall be appointed to the audit committee of the Company resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls and procedures; and ii) Preparing and implementing sufficient written policies and checklists which will set forth procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements.

Management believes that the appointment of one or more outside directors, who shall be appointed to a fully functioning audit committee, will remedy the lack of a functioning audit committee and a lack of a majority of outside directors on the Company’s Board. In addition, management believes that preparing and implementing sufficient written policies and checklists will remedy the following material weaknesses (i) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and (ii) ineffective controls over period end financial close and reporting processes. Further, management believes that the hiring of additional personnel who have the technical expertise and knowledge will result proper segregation of duties and provide more checks and balances within the department. Additional personnel will also provide the cross training needed to support the Company if personnel turn over issues within the department occur. This coupled with the appointment of additional outside directors will greatly decrease any control and procedure issues the company may encounter in the future.

We will continue to monitor and evaluate the effectiveness of our internal controls and procedures and our internal controls over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow.

This annual report does not include an attestation report of the company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this annual report.

There have been no changes in our internal control over financial reporting identified in connection with the evaluation required by paragraph (d) of Rules 13a- 15 or 15d- 15 under the Exchange Act that occurred during the small business issuer’s last fiscal year that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

We will continue to monitor and evaluate the effectiveness of our internal controls and procedures and our internal controls over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow.

Changes in Internal Control over Financial Reporting

There were no changes that have affected, or are reasonably likely to materially affect, our internal control over financial reporting (as defined in Rules 13a- 15(f) or 15d- 15(f) under the Exchange Act) during the fiscal year ended October 31, 2022.

Item 9B. Other Information.

None.

PART III

Item 10. Directors, Executive Officers and Corporate Governance.

Our executive officers and director are as follows:

Jaime Sanchez Cortina, 57, Former Chief Executive Officer, Chief Financial Officer, President, Secretary and Treasurer, and Chairman of the Board of Directors (resigned January 27, 2023).

Jamie has over a decade of experience in financial management and strategic planning. He played a key role in developing six start-ups in Latin America and has been part of five private equity and venture capital funds, investing in over 30 companies, in which the best IRR of one investment reached 218%.

Mr. Sanchez Cortina manages the portfolio of E Capital Mexico Venture Capital Funds, a venture capital organization with nine early stage investments in the fintech, technology, environmental, and auto part sectors. Prior to that, Jaime a Director at Abraaj Group in the Mexico office, managing a portfolio of over US$170 M. Before that he structured and developed the strategy of the Mexican Government Venture Capital Fund of Funds, Mexico Ventures I, a Venture Capital Fund of Funds co-managed with Sun Mountain Capital and GreenSpring Associates.

Eric Nixon, 35, CEO, CFO, President, and Director

For over two decades, Eric has worked in the electrical & technology sector, bringing multiple renewable energy projects to life and striving for a carbon neutral society. He has worked alongside Conestoga College to educate the public on reducing energy consumption and researching new technologies to help reduce the carbon footprint.

Eric has also dedicated years of volunteer work to helping the homeless and the most vulnerable, ensuring they receive the proper help and medical treatment. He has the skills and experience to take on projects in the residential, commercial, industrial, technology sectors and emergency response services when needed.

Maria Teresa Tattersfield Yarza, 46, Director

Teresa is the Co-Founder of Bret Consultores. She holds a degree in International Relations with a Master's Degree in Environmental Policy and Management, an Specialization in Sustainable Development (LEAD program from the Colegio de México) and Energy Efficiency and Environment at FLACSO. She is currently the forest carbon Manager of WRI Mexico, responsible for coordinating the execution of CO2munitario. She is a specialist in the design and development of methodologies and protocols that have been implemented in Mexico for the sale of offsets in the international market.

During the previous six years, she oversaw the Program of Natural Solutions at Tec de Monterrey University and was an advisor to the Neutralízate Program of Pronatura México. She has been part of the special team of advisers in sustainable development and climate change for the Foreign Ministry of the British Commonwealth Government. She has been responsible for the elaboration of strategies that combine the efforts of local and federal governments in the development of international initiatives such as Methane to Markets. In her work at the Ministry of Environment and Natural Resources, she coordinated initiatives such as the restoration of the Lerma Chapala Basin.

Alberto Ramírez, 38, Director

Alberto has collaborated as a consultant for entities such as CONAFOR, PROBOSQUE; SEDEMA; WWF Mexico; Climate Action Reserve (CAR); PRONATURE; ClimateSeed, among others, for the development and feasibility assessment of forestry carbon capture projects. He has experience as a verifier in compliance with forest regulations on sustainability with an emphasis on biodiversity and social aspects. He was the first Mexican verifier accredited by CAR and has participated in the review and proposal of GHG removal quantification protocols; such as CAR’s Forest Protocol for Mexico v.2.0. His main activities focus on the sustainable management of natural resources through the participation of rural communities. Alberto is a Biologist, graduated from the Faculty of Higher Studies Iztacala of the UNAM.

Alberto is currently the Forest Carbon Coordinator at WRI Mexico. Alberto is responsible for coordinating carbon capture forestry projects; through capacity building in communities; linking of forest communities at the national level; and for providing advice on inventories, monitoring, reporting and verification.

Eduardo Piquero, 41, Director

CEO – MÉXICO2; Eduardo has more than 15 years of experience in international and national carbon pricing instruments and policies. He is currently the CEO of MÉXICO2, where he oversees the development of environmental markets, including carbon markets, clean energy certificates and green bonds.

He also led the development of the simulation exercise of a Mexican Emissions Trading System (SCE) in collaboration with the Ministry of Environment of Mexico (SEMARNAT) as a preparation for the country’s regulated emissions scheme, with the participation of more than 90 companies. Furthermore, he participated in the creation of a secondary market for Clean Energy Certificates (CEL), which supports the Mexican Wholesale Electricity Market (MEM). In addition to his work in Mexico, Eduardo has focused on developing projects to reduce greenhouse gas emissions and has designed climate change projects in several countries in Latin America, Asia, and Africa.

Eduardo has been a speaker at conferences and events related to climate change and climate finance. He was also a member of the Green Finance Working Group of the United Nations at the Initiative for Sustainable Stock Exchanges. Further, since 2021 is member of the board of the Climate Action Reserve, and in 2022 was selected as one of the 30 most sustainable minds in Mexico, by Forbes.

Director Independence

No members of our board of directors is qualifies as independent directors in accordance with the published listing requirements of the NASDAQ Global Market. The NASDAQ independence definition includes a series of objective tests, such as that the director is not, and has not been for at least three years, one of our employees and that neither the director, nor any of his family members has engaged in various types of business dealings with us. In addition, our board of directors has not made a subjective determination as to each director that no relationship exists which, in the opinion of our board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director, though such subjective determination is required by the NASDAQ rules. Had our board of directors made these determinations, our board of directors would have reviewed and discussed information provided by the directors and us with regard to each director’s business and personal activities and relationships as they may relate to us and our management.

Involvement in Legal Proceedings

To our knowledge, there have been no material legal proceedings during the last ten years that would require disclosure under the federal securities laws that are material to an evaluation of the ability or integrity of any of our directors or executive officers.

Potential Conflicts of Interest

None.

Item 11. Executive Compensation.

Summary Compensation Table

ARMA Services, Inc. has made no provisions for paying cash or non-cash compensation to its officers and directors. No salaries are being paid at the present time, and none will be paid unless and until our operations generate sufficient cash flows.

The table below summarizes all compensation awarded to, earned by, or paid to our named executive officer for all services rendered in all capacities to us for the years ended October 31, 2022 and October 31, 2021.

Summary Compensation of Named Executive Officers

Mr. Nixon was appointed as Chief Executive Officer and Chief Financial Officer on January 27, 2023.

Mr. Jaime Sanchez Cortina resigned all his positions on January 23, 2023.

Outstanding Equity Awards at Fiscal Year End

We did not pay any salaries in 2022 or 2021. None of our executive officers received any equity awards, including, options, restricted awards stock, performance or other equity incentives during the fiscal year ended October 31, 2022 and October 31, 2021.

Employment Contracts

The Company has not entered into any employment agreements with its officer and director.

Stock Awards Plan

The Company has not adopted a Stock Awards Plan but may do so in the future. The terms of any such plan have not been determined.

Director Compensation

The Board of Directors of the Company has not adopted a stock option plan. The Company has no plans to adopt it but may choose to do so in the future. If such a plan is adopted, this may be administered by the board or a committee appointed by the board (the “Committee”). The committee would have the power to modify, extend or renew outstanding options and to authorize the grant of new options in substitution therefore, provided that any such action may not impair any rights under any option previously granted. ARMA Services Inc. may develop an incentive-based stock option plan for its officers and directors and may reserve up to 10% of its outstanding shares of common stock for that purpose.

The table below summarizes all compensation awarded to, earned by, or paid to our directors for all services rendered in all capacities to us for the periods ending October 31, 2022 and 2021.

DIRECTOR COMPENSATION

Eric Nixon was appointed as Director on January 27, 2023.

Jaime Sanchez Cortina resigned all his positions on January 27, 2023.

Maria Teresa Tattersfield Yarza, Alberto Ramírez, and Eduardo Piquero were appointed on August 17, 2022.

Board Committees

We have not formed an Audit Committee, Compensation Committee or Nominating and Corporate Governance Committee as of the filing of this Annual Report. Our Board of Directors performs the principal functions of an Audit Committee. We currently do not have an audit committee financial expert on our Board of Directors. We believe that an audit committee financial expert is not required because the cost of hiring an audit committee financial expert to act as one of our directors and to be a member of an Audit Committee outweighs the benefits of having an audit committee financial expert at this time.

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

The following table sets forth certain information with respect to the beneficial ownership of our voting securities by (i) each director and named executive officer, (ii) all executive officers and directors as a group; and (iii) each shareholder known to be the beneficial owner of 5% or more of the outstanding common stock of the Company as of October 31, 2022.

Beneficial ownership is determined in accordance with the rules of the SEC. Generally, a person is considered to beneficially own securities: (i) over which such person, directly or indirectly, exercises sole or shared voting or investment power, and (ii) of which such person has the right to acquire beneficial ownership at any time within 60 days (such as through exercise of stock options or warrants). For purposes of computing the percentage of outstanding shares held by each person or group of persons, any shares that such person or persons has the right to acquire within 60 days of October 31, 2022 are deemed to be outstanding, but are not deemed to be outstanding for the purpose of computing the percentage ownership of any other person. The inclusion herein of any shares listed as beneficially owned does not constitute an admission of beneficial ownership.

Item 13. Certain Relationships and Related Transactions, and Director Independence.

Except as set forth below, we had not entered into any transactions with our officers or directors, or persons nominated for these positions, beneficial owners of 5% or more of our common stock, or family members of these persons wherein the amount involved in the transaction or a series of similar transactions exceeded the lesser of $120,000 or 1% of the average of our total assets for the last three fiscal years.

Transactions with Related Persons

As of October 31, 2022, the Company had a loan outstanding with Mr. Sergey Gandin, former CEO and director in the amount of $27,248 compared to $20,650 as of October 31, 2021. The loan is non-interest bearing, due upon demand, and unsecured.

Item 14. Principal Accountant Fees and Services.

Fees paid to Auditors

Audit Fees

During fiscal years ended October 31, 2022 and 2021, we incurred approximately $5,000 and $ 5,000 respectively, in fees to our principal independent accountants for professional services rendered in connection with the audit of our October 31, 2022 and 2021 financial statements and for the reviews of our financial statements for the quarters ended during such periods.

The SEC requires that before our independent registered public accounting firm is engaged by us to render any auditing or permitted non-audit related service, the engagement be either: (i) approved by our Audit Committee or (ii) entered into pursuant to pre-approval policies and procedures established by the Audit Committee, provided that the policies and procedures are detailed as to the particular service, the Audit Committee is informed of each service, and such policies and procedures do not include delegation of the Audit Committee’s responsibilities to management.

We do not have an Audit Committee. Our Board pre-approves all services provided by our independent registered public accounting firm.

PART IV

Item 15. Exhibit and Financial Statement Schedules.

Please see the “Exhibit Index,” which is incorporated herein by reference, following the signature page for a list of our exhibits.

EXHIBIT INDEX

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Company and in the capacities and on the dates indicated.

INDEX TO AUDITED FINANCIAL STATEMENTS