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

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

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

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

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

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

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

Indicate the number of shares outstanding of each of the issuer’s classes of common stock: As of ~~May 12, 2016,~~March 16, 2017, there were 6,902,500 shares, par value $0.0001 per share, of Common Stock issued and outstanding.

As used in this report, the term “the Company” means Praco Corporation unless the context clearly indicates otherwise.

This quarterly report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The use of words such as “anticipates,” “estimates,” “expects,” “intends,” “plans” and “believes,” among others, generally identify forward-looking statements. These forward-looking statements include, among others, statements relating to: the Company’s future financial performance, the Company’s business prospects and strategy, anticipated trends and prospects in the industries in which the Company’s businesses operate and other similar matters. These forward-looking statements are based on the Company’s management's expectations and assumptions about future events as of the date of this quarterly report, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict.

Actual results could differ materially from those contained in these forward-looking statements for a variety of reasons, including, among others, the risk factors set forth below. Other unknown or unpredictable factors that could also adversely affect the Company’s business, financial condition and results of operations may arise from time to time. In light of these risks and uncertainties, the forward-looking statements discussed in this quarterly report may not prove to be accurate. Accordingly, you should not place undue reliance on these forward-looking statements, which only reflect the views of the Company’s management as of the date of this quarterly report. The Company does not undertake to update these forward-looking statements.

In this quarterly report on Form 10-Q, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in the Company’s capital stock.

An investment in the Company’s common stock involves a number of very significant risks. You should carefully consider the following risks and uncertainties in addition to other information in this quarterly report on Form 10-Q in evaluating the Company and its business before purchasing shares of the Company’s common stock. The Company’s business, operating results and financial condition could be seriously harmed as a result of the occurrence of any of the following risks. You could lose all or part of your investment due to any of these risks. You should invest in the Company’s common stock only if you can afford to lose your entire investment.

Hunt for Travel, Inc. (the "Company") was incorporated in Nevada on December 15, 2009 to design and market enrichment excursions for U.S. travelers. The enrichment component of these trips can be educational, informational or experiential and is tailored to the travelers’ specific interests and tastes. Enrichment travel can also be referred to as adventure travel.

Effective February 21, 2012, the Company filed with the State of Nevada a Certificate of Amendment to the Articles of Incorporation changing the Company’s name from Hunt for Travel, Inc. to Praco Corporation. At the same time the Company ceased being a travel agency and became a Public Shell.

On February 22, 2017, the Company entered into a Letter of Intent (“LOI”) with Arista Capital LTD. (“Arista”) whereby the shareholders of Arista will acquire eighty percent (80%) of the issued and outstanding shares of the Company. In consideration for the above, Arista will pay $75,000 and will assume all of the liabilities of the Company. This transaction is contingent upon the Company and Arista executing a formal “Merger Agreement” which is expected to occur on or about March 31, 2017. The closing of the transaction is expected to occur sixty (60) days from the execution of the Merger Agreement.

The LOI may be terminated by (a) mutual consent of the parties, (b) by the Company if (i) a definitive Merger Agreement is not executed and delivered by the parties, (ii) the Merger Agreement is enjoined by a court or any governmental body, or (iii) by Arista if they are not satisfied with the results of their due diligence investigation of the Company.

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission for interim financial information. Accordingly, they do not include all the information necessary for a comprehensive presentation of financial position and results of operations.

While the Company believes that the disclosures presented are adequate to make the information not misleading, these financial statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s annual Report on Form 10-K for the year ended June 30, 2016.

It is management’s opinion however, that all material adjustments (consisting of normal recurring adjustments) have been made, which are necessary for a fair financial statements presentation. The results for the interim period are not necessarily indicative of ~~the results to be expected for the~~a full year.

In preparing financial statements in conformity with ~~generally accepted accounting principles,~~GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates include valuation of equity based transactions and the valuation of deferred tax assets.

The Company considers all highly liquid temporary cash investments with an original maturity of three months or less to be cash equivalents. At ~~March~~December 31, 2016 and June 30, ~~2015,~~2016, the Company had no cash equivalents.

Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by ~~FASB~~Financial Accounting Standards Board (“FASB”) ASC No. 260, “Earnings Per Share.” As of ~~March~~December 31, 2016 and 2015, there were no common share equivalents outstanding.

The Company accounts for income taxes under FASB Codification Topic 740-10-25 (“ASC 740-10-25”). Under ASC 740-10-25, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740-10-25, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

~~The Company operates in one segment and therefore segment information is not presented.~~

The Company recognizes revenue on arrangements in accordance with FASB ASC No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured. The Company recognizes revenue derived from travel related transactions on the net basis when the Company is not the merchant of record and the prices and services are determined by and provided by third parties.

The carrying amounts on the Company’s financial instruments including accounts payable and ~~note~~notes payable, approximate fair value due to the relatively short period to maturity for these instruments.

In ~~April 2015, FASB~~August 2014, the Financial Accounting Standards Board (“FASB”) issued ~~ASU No. 2015-03, “Interest – Imputation~~Accounting Standards Update (“ASU”) 2014-15 “Presentation of ~~Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”,~~Financial Statements—Going Concern,” outlining management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to ~~simplify presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet~~continue as a ~~direct deduction from~~going concern, along with the ~~carrying amount of that debt liability, consistent with debt discounts. The~~required disclosures. ASU ~~does not affect the recognition and measurement guidance for debt issuance costs. For public companies, the ASU~~2014-15 is effective for ~~financial statements issued for fiscal years beginning~~the annual period ending after December 15, ~~2015,~~2016 and for annual periods and interim periods ~~within those fiscal years. Early application~~thereafter with early adoption permitted. The Company is ~~permitted. We are~~ currently ~~reviewing~~assessing the ~~provisions~~impact of ~~this~~ ASU ~~to determine if there will be any impact~~2014-15 on ~~our results of operations, cash flows or~~its financial ~~condition.~~statements.

In June 2014, FASB issued ASU No. 2014-12, “Compensation – Stock Compensation (Topic 718); Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period”. The amendments in this ASU apply to all reporting entities that grant their employees share-based payments in which the terms of the award provide that a performance target that affects vesting could be achieved after the requisite service period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards. For all entities, the amendments in this ASU are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Entities may apply the amendments in this ASU either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. This updated guidance is not expected to have a material impact on our results of operations, cash flows or financial condition. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition.

In August 2014, the FASB issued Accounting Standards Update “ASU” 2014-15 on “Presentation of Financial Statements Going Concern (Subtopic 205-40) – Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. Currently, there is no guidance in U.S. GAAP about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments in this Update provide that guidance. In doing so, the amendments are intended to reduce diversity in the timing and content of footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition.

In July 2015, FASB issued Accounting Standards Update (“ASU”) No. 2015-11, “Inventory (Topic 330): Simplifying the Measurement of Inventory” more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards (IFRS). The amendments in this ASU do not apply to inventory that is measured using last-in, first-out (LIFO) or the retail inventory method. The amendments apply to all other inventory, which includes inventory that is measured using first-in, first-out (FIFO) or average cost. An entity should measure inventory within the scope of this Update at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Subsequent measurement is unchanged for inventory measured using LIFO or the retail inventory method. For public business entities, this ASU is effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. For all other entities, this ASU is effective for fiscal years beginning after December 15, 2016, and interim periods within fiscal years beginning after December 15, 2017. The amendments in this ASU should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition.

In August 2015, FASB issued Accounting Standards Update (“ASU”) No.2015-14, “Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date” defers the effective date ASU No. 2014-09 for all entities by one year. Public business entities, certain not-for-profit entities, and certain employee benefit plans should apply the guidance in Update 2014-09 to annual reporting periods beginning after December 15, 2017, including interim reporting periods within that reporting period. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities should apply the guidance in Update 2014-09 to annual reporting periods beginning after December 15, 2018, and interim reporting periods within annual reporting periods beginning after December 15, 2019. All other entities may apply the guidance in ASU No. 2014-09 earlier as of an annual reporting period beginning after December 15, 2016, including interim reporting periods within that reporting period. All other entities also may apply the guidance in Update 2014-09 earlier as of an annual reporting period beginning after December 15, 2016, and interim reporting periods within annual reporting periods beginning one year after the annual reporting period in which the entity first applies the guidance in ASU No. 2014-09. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition

~~All other newly issued accounting pronouncements but not yet effective have been deemed either immaterial or not applicable.~~

As reflected in the accompanying financial statements, the Company has minimal operations, used cash in operating activities of $18,675 and has a net loss of $59,968 for the six months ended December 31, 2016. The Company also has a working capital deficit and stockholders’ deficit of $396,358 as of December 31, 2016. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

On ~~January 29, 2015,~~June 5, 2012 the Company received ~~$7,000~~$9,000 from a ~~related~~third party. Pursuant to the terms of the note, the note is non-interest bearing, unsecured and is due on demand. ~~For the nine months ended March 31, 2016, the Company recorded $387 as an in-kind contribution of interest (See Note 3(A) and 5).~~

The Company received $30,000 on April 30, 2013, $30,000 on July 12, 2013, $25,000 on October 9, 2013, $25,000 on January 9, 2014, $25,000 on April 11, 2014 and $25,000 on July 10, 2014 from a related party. Total balance due ~~is $160,000. Pursuant to the terms of the notes, the notes are non-interest bearing, unsecured and are due on demand. For the nine months ended March~~at December 31, 2016 ~~the Company recorded $9,629 as an in-kind contribution of interest (See Note 3(A)~~ and ~~5).~~

~~The Company received $8,500 on~~ June 25, 2012, $20,000 on September 14, 2012 and $27,578 on January 17, 2013 from a related party. Total balance due is $56,078. Pursuant to the terms of the notes, the notes are non-interest bearing, unsecured and are due on demand. For the nine months ended March 31,30, 2016 ~~the Company recorded $3,628 as an in-kind contribution of interest (See Note 3(A) and 5).~~

On November 13, 2014, a related party paid operating expenses on behalf of the Company totaling $20,722, $10,000 on March 17, 2015, $4,500 on May 22, 2015, $20,000 on July 27, 2015, $20,000 on November 30, 2015 and $15,000 on February 11, 2016, in exchange for note payable. Pursuant to the terms of the note, the note is non-interest bearing, unsecured and due on demand. The Company recorded a total of $3,520 in imputed interest as in-kind contributions for the nine months ended March 31, 2016 (See Note 3(A) and 5).

On June 5, 2012 the Company received $9,000 from an unrelated party. Pursuant to the terms of the note, the note is non-interest bearing, unsecured and is due on demand. For the nine months ended March 31, 2016, the Company recorded $599 as an in-kind contribution of interest (See Note 3(A)).

~~For the nine months ended March 31, 2016, the Company recorded $17,763 as an in kind contribution of interest (See Note 2).~~

~~For the nine months ended March 31, 2016, a shareholder of the Company contributed services having a fair value of $3,900 (See Note 5).~~

On ~~February 8, 2010,~~April 1, 2012, the Company entered into a consulting agreement with Europa Capital Investments, LLC ~~to receive~~for administrative and other miscellaneous ~~consulting~~ services. ~~The Company is required to pay $5,000 a month.~~ The agreement is to remain in effect unless either party desired to cancel the agreement. ~~Effective March 1, 2012,~~During the ~~agreement was terminated but services~~six months endedDecember 31, 2016 and 2015, the fees incurred were ~~still provided as a contribution.~~$-0- and $10,000, respectively.

On ~~April~~October 1, ~~2012,~~2016, the Company ~~entered into a new consulting agreement~~signed two employment agreements, one with ~~Europa Capital Investments, LLC for administrative~~the CEO/President and the other ~~miscellaneous services. The terms~~with one of the ~~agreement remain~~Directors. Both agreements are the same aswhich are effective October 1, 2016 to September 30, 2019. The agreements call for an annual salary of $48,000 and if not paid by the ~~prior agreement. Currently~~end of the year, the compensation would be paid in Company stock at a 25% discount to the market value. All refinancing, fund raising, debt or equity sales, and acquisitions when completed by the individuals would be subject to a bonus payment of 10% of the gross proceeds. In connection with the two employment agreements, the Company recorded $24,000 in compensation expense in the current period and is ~~utilizing~~also included in accrued expense as of December 31, 2016 on the ~~consulting services on as needed basis.~~ accompanying balance sheet.

~~For the nine months ended March 31, 2016, shareholders of the Company contributed services having a fair value of $3,900 (See Note 3(A)).~~

On January 29, 2015, the Company received $7,000 from an entity owned by a ~~related party.~~stockholder of the Company. Pursuant to the terms of the note, the note is non-interest bearing, unsecured and is due on demand. ~~For the nine months ended March~~Total balance due at December 31, 2016 ~~the Company recorded $387 as an in-kind contribution of interest (See Note 2(A)).~~and June 30, 2016 was $7,000.

The Company received $30,000 on April 30, 2013, $30,000 on July 12, 2013, $25,000 on October 9, 2013, $25,000 on January 9, 2014, $25,000 on April 11, 2014 and $25,000 on July 10, 2014 from an entity owned by a ~~related party.~~stockholder of the Company. Total balance due isat December 31, 2016 and June 30, 2016 was $160,000. Pursuant to the terms of the notes, the notes are non-interest bearing, unsecured and are due on demand. ~~For the nine months ended March~~

AS OF DECEMBER 31, 2016 ~~the Company recorded $9,629 as an in-kind contribution of interest (See Note 2(A)).~~

The Company received $8,500 on June 25, 2012, $20,000 on September 14, 2012 and $27,578 on January 17, 2013 from Hawk Opportunity Fund, LP, an entity indirectly owned by a ~~related party.~~stockholder of the Company. Total balance due isat December 31, 2016 and June 30, 2016 was $56,078. Pursuant to the terms of the notes, the notes are non-interest bearing, unsecured and are due on demand. ~~For the nine months ended March 31, 2016, the Company recorded $3,628 as an in-kind contribution of interest (See Note 2(A)).~~

~~On November 13, 2014,~~As needed, Green Homes Real Estate, LP, an entity indirectly owned by a ~~related party paid operating expenses on behalf~~stockholder of the Company ~~totaling~~transfers funds to the Company to cover operating expenses. Those transfers are as follows: $20,722 on November 13, 2014, $10,000 on March 17, 2015, $4,500 on May 22, 2015, $20,000 on July 27, 2015, $20,000 on November 30, 2015, ~~and~~ $15,000 on February 11, 2016, $5,000 on July 26, 2016, $3,831 on August 25, 2016 and $600 on December 31, 2016, in exchange for ~~note~~various notes payable. Total balance due at December 31, 2016 and June 30, 2016 was $99,653 and $90,222, respectively. Pursuant to the terms of the notes, the notes are non-interest bearing, unsecured and due on demand.

As needed, Philly Residential Acquisition LP, an entity indirectly owned by a stockholder of the Company transfers funds to the Company to cover operating expenses. Those transfers are as follows: $3,831 on August 25, 2016, $1,000 on October 19, 2016, $5,000 on December 1, 2016 and $600 on December 15, 2016. Total balance due at December 31, 2016 and June 30, 2016 was $10,431 and $-0-, respectively. Pursuant to the terms of the notes, the notes are non-interest bearing, unsecured and are due on demand.

The Company recorded no income tax expense for the six months ended December 31, 2016 and 2015 because the estimated annual effective tax rate was zero. As of December 31, 2016, the Company continues to provide a valuation allowance against its net deferred tax assets especially since the Company believes it is more than likely than not that its deferred tax assets will not be realized.

On January 11, 2017, the Company received $10,500 from Hawk Opportunity Fund, L.P. This brings the total balance due to Hawk Opportunity Fund, L.P. to $66,578. Pursuant to the terms of the notes, the notes are non-interest bearing, unsecured and are due on demand.

On January 17, 2017, the Company received $12,500 from HWC, LLC, a subsidiary of Hawk Opportunity Fund, L.P. Pursuant to the terms of the note, the note is non-interest bearing, unsecured and is due on demand. ~~The Company recorded a total of $3,520 in imputed interest as in-kind contributions for the nine months ended March 31, 2016 (See Note 2(A).~~

As reflected in the accompanying condensed unaudited financial statements, the Company has minimal operations, used cash in operations of $55,892 and has a net loss of $67,717 for the nine months ended March 31, 2016. The Company also has a working capital deficit and stockholders’ deficit of $327,715 as of March 31, 2016. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

~~Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.~~

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

The following information should be read together with the financial statements and the notes thereto and other information included elsewhere in this Quarterly Report on Form 10-Q and in our Annual Report on Form 10-K for the year ended June 30, 2016.

The following plan of operation provides information which management believes is relevant to an assessment and understanding of our results of operations and financial condition. ~~The discussion should be read along with our financial statements and notes thereto.~~ This section includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like ~~“believe”, “expect”, “estimate”, “anticipate”, “intend”,~~“believe,” “expect,” “estimate,” “anticipate,” “intend,” “project” and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.

Praco Corporation (the “Company”), a Nevada corporation was incorporated on December 15, 2009 as Hunt for Travel, Inc. to design and market travel excursions featuring entertainment, adventure, intellectual stimulation and access to experts on topics related to the destinations they visit. The Company is now a “shell company” as defined in Rule 12b-2 promulgated under the Exchange Act, as amended, as we have no operations. The Company no longer operates in the travel industry sector. ~~Effective February 21, 2012, the~~

The Company ~~filed with the State of Nevada a Certificate of Amendment~~is available for another operational company to the Articles of Incorporation changing the Company’s name from Hunt for Travel, Inc. to Praco Corporation. Our current intention is to close the Exchange Agreement, as defined and described below. If the Exchange Agreement closes, we will, through our majority-owned subsidiaries, own and manage real estate around Philadelphia and the Delaware Valley.acquire.

On ~~July 3, 2012,~~May 19, 2015, Carolyn Hunter, the Company’s sole officer and sole director, in accordance with the by-laws of the Company, increased the number of members on the Company’s Board of Directors (the “Board”) to four members and named three new members to the Board. Ms. Hunter named R. Scott Williams, David Callan, and Alan Cohen as new members of the Board, all of whom have accepted their appointments.

On February 22, 2017, the Company entered into ~~an Equity Exchange Agreement (the “Exchange Agreement”~~a Letter of Intent (“LOI”) with ~~Hawk Opportunity Fund, LP, a Delaware limited partnership~~Arista Capital LTD. (“~~Hawk”~~Arista”), Philly Residential Acquisition LP, a Pennsylvania limited partnership (“Philly”), Green Homes Real Estate, LP, a Pennsylvania limited partnership (“GH”), Nidus, LP, a Delaware limited partnership (“Nidus”), and several other related parties. In whereby the ~~years since the Exchange Agreement was signed, the assets~~shareholders of ~~Nidus have been sold and Nidus~~Arista will ~~no longer be a part~~acquire eighty percent (80%) of the ~~transactions contemplated by~~issued and outstanding shares of the ~~Exchange Agreement. Pursuant to~~Company. In consideration for the ~~Exchange Agreement,~~above, Arista will pay $75,000 and will assume all of the liabilities of the Company. This transaction is contingent upon the Company ~~will issue 3,100,000 shares of its common stock, par value $0.0001 per share,~~and Arista executing a formal “Merger Agreement” which is expected to ~~Hawk, and in connection therewith, the Company will receive 89% of the aggregate equity interest of each of Philly and GH.~~

occur on or about March 31, 2017. The closing of the ~~Exchange Agreement (the “Closing”)~~transaction is ~~still subject~~expected to ~~certain conditions such as~~occur sixty (60) days from the ~~completion of an audit of Philly and GH, and the approval~~execution of the transaction from a lender, if necessary. These conditions of Closing have not occurred and they may never be fulfilled, so the Closing may never occur. As the Closing has not yet occurred, the Company has no interest in Philly and GH or any real estate at this time.Merger Agreement.

Philly and GP own and manage real estate around Philadelphia and the Delaware Valley. Together these entities own approximately 225 separate properties with a current aggregate market value of approximately $15 million. These are primarily comprised of residential rental units which provide a steady stream of income.

If and when the Closing occurs, the Company will be the majority-owner and assume the operations of each of Philly and GP. Although in the years since the Exchange Agreement was signed, the assets of Nidus have been sold and Nidus will no longer be a part of the transactions contemplated by the Exchange Agreement, Philly and GP have acquired more rental properties. Due to these acquisitions, the total number of rental properties the Company will be the majority-owner and assume the operations of will still be approximately 225 separate properties (as it was when the Exchange Agreement was signed in 2012 and Nidus’ properties were included as part of the property count). Through these majority-owned subsidiaries, the Company will own and manage real estate around Philadelphia and the Delaware Valley.

The foregoing description of the MOU does not purport to be complete and is qualified in its entirety by reference to the complete text of the MOU, which is filed as Exhibit 99.1 to this 10-Q Report and incorporated herein by reference.

We have generated no independent financial history and have not previously demonstrated that we will be able to expand our business. Our business is subject to risks inherent in growing an enterprise including limited capital resources.

For the Three Months Ended ~~March~~December 31, 2016 Compared to the Three Months Ended ~~March~~December 31, 2015

~~We had $0 in revenue for both~~For the three months ended ~~March~~December 31, 2016 and ~~the three months ended March~~December 31, ~~2015. Operating expenses~~2015, we had $0 in revenue. Net loss for the three months ended ~~March~~December 31, 2016 and ~~March 31,~~ 2015 totaled ~~respectively, $13,994~~$41,044 and ~~$18,200. Interest~~$20,491, respectively. For each of the respective periods, professional fees amounted to $12,170 and $10,740; general and administrative expenses amounted to $28,874 and $3,866, and interest expense amounted to $-0- and $5,885. The increase in general and administrative expenses are directly related to accrued compensation for the ~~three months ended March 31, 2016~~CEO/president and ~~March 31, 2015, totaled, respectively, $6,387 and $4,822. These expenses resulted~~one of the Directors. The increase in a net loss ~~of $20,381 for the three months ended March 31, 2016~~was primarily due to an increase in professional fees and ~~a net loss of $23,022 for the three months ended March 31, 2015.~~general and administrative expenses.

For the ~~Nine~~Six Months Ended ~~March~~December 31, 2016 Compared to the ~~Nine~~Six Months Ended ~~March~~December 31, 2015

WeFor the six months ended December 31, 2016 and December 31, 2015, we had $0 in ~~revenue~~revenue. Net loss for ~~both~~ the ~~nine~~six months ended ~~March~~December 31, 2016 and 2015 totaled $59,968 and $47,336, respectively. For each of the ~~nine months~~respective periods, professional fees amounted to $30,275 and $27,770; general and administrative expenses amounted to $29,352 and $8,147, and interest expense amounted to $23 and $11,419. For the period ended ~~March~~December 31, ~~2015. Operating~~2015, interest expense related to imputed interest. The increase in general and administrative expenses are directly related to accrued compensation for the ~~nine months ended March 31, 2016~~CEO/president and ~~March 31, 2015 totaled, respectively, $49,911 and $67,436. Interest expense for~~one of the ~~nine months ended March 31, 2016 and March 31, 2015, totaled, respectively, $17,806 and $13,402. These expenses resulted~~Directors. The increase in a net loss ~~of $67,717 for the nine months ended March 31, 2016~~was primarily due to an increase in professional fees and ~~a net loss of $80,838 for the nine months ended March 31, 2015.~~general and administrative expenses.

As of ~~March~~December 31, 2016, we had ~~$61~~cash of ~~cash on hand.~~$1,216 as compared to $29 as of June 30, 2016. The Company also has a working capital deficit and stockholders’ deficit of $396,358 as of December 31, 2016.

The ability of the Company to realize its business plan is dependent upon, among other things, the closing of the merger with Arista. If the closing of the merger does not occur, the Company does not anticipate generating any revenues until ~~the Closing. After the Closing, if the Closing occurs, the Company will re-position itself as an owner and manager of real estate. At such time, the Company anticipates that~~ it ~~will generate revenues through rental income from the real property owned~~can be acquired by ~~its future majority-owned subsidiaries.~~another operational company.

WeIf the closing of the merger with Arista does not occur, we believe that our expenses will be very limited until the ~~Closing and~~we can find another operational company to acquire or merge with us. As a result, we will have to raise funds by obtaining loans from related parties or issue common stock in exchange for cash. However, we cannot make any assurance that we will ~~obtain enough cash~~be able to ~~support our daily operations until that time through future financings. However, if~~receive funds. If the ~~Exchange Agreement is~~closing on the merger never ~~consummated or if we fail to obtain financing,~~occurs, we may have difficulty continuing our daily operations. Should this occur, we will attempt to combine with another entity. If this is not possible, we may be forced to suspend or cease operations.

The foregoing represents our best estimate of our cash needs based on current planning and business conditions. We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raisedThese factors, among others, raise substantial doubt about ~~our ability to continue as a going concern.~~

~~Our liquidity may be negatively impacted by~~ the significant costs associated with our public company reporting requirements, costs associated with corporate governance requirements, including requirements under the Sarbanes-Oxley Act of 2002 and other rules implemented by the Securities and Exchange Commission.

As reflected in the accompanying condensed unaudited financial statements, the Company has minimal operations, used cash in operations of $55,892 and has a net loss of $67,717 for the nine months ended March 31, 2016. The Company also has a working capital deficit and stockholders’ deficit of $327,715 as of March 31, 2016. This raises substantial doubt about itsCompany’s ability to continue as a going concern. The ~~ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The~~accompanying financial statements do not include any adjustments that might ~~be necessary if~~result from the ~~Company is unable to continue as a going concern.~~outcome of this uncertainty.

~~Management believes that actions presently being taken to obtain additional funding~~

The following table summarized the sources and ~~implement its strategic plans provide the opportunity~~uses of cash for the ~~Company to continue as a going concern.~~periods then ended.

Our cash used in operating activities was $18,675 for the six-month period ended December 31, 2016 as compared to $40,836 for the same period ended 2015. The primary reason for the different in cash flows used in operating activities decreasing from the prior period is the Company has larger accounts payable and accrued expense balances than the period.

We did not use cash in investing activities for the six-month period ended December 31, 2016 and 2015.

Our cash provided by financing activities was $19,862 for the six-month period ended December 31, 2016 as compared to $40,000 for the same period ended 2015. The primary reason for the different in cash flows provided by financing activities is that in the current period the Company was not lent as much from related parties to pay down our accounts payable and accrued expense balances.

~~In preparing~~The financial statements and accompanying footnotes included in ~~conformity~~this report have been prepared in accordance with accounting principles generally accepted ~~accounting principles, management is required to make~~in the United States with certain amount based on management’s best estimates and ~~assumptions that affect the reported amounts~~judgments. To determine appropriate carrying values of assets and liabilities that are not readily available from other sources, management uses assumptions based on historical results and ~~the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the reported period.~~other factors that believe are reasonable. Actual results could differ from those estimates. ~~Significant estimates include valuation of equity based transactions and the valuation of deferred tax assets.~~

Our critical accounting policies are described in our Annual Report on Form 10-K for the year ended June 30, 2016. There have been no material changes to our critical accounting policies as of and for the six months ended December 31, 2016.

~~Basic and diluted net loss per common share is computed based upon~~For information on recent accounting pronouncements, see Recent Accounting Pronouncements in note 1 to the ~~weighted average common shares outstanding as defined by FASB ASC No. 260, “Earnings Per Share.” As of March 31, 2016 and 2015 there were no common share equivalents outstanding.~~condensed financial statements appearing elsewhere in this Quarterly Report on Form 10-Q.

~~The carrying amounts on the Company’s financial instruments including accounts payable and note payable, approximate fair value due to the relatively short period to maturity for these instruments.~~

In April 2015, FASB issued ASU No. 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”, is to simplify presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The ASU does not affect the recognition and measurement guidance for debt issuance costs. For public companies, the ASU is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early application is permitted. We are currently reviewing the provisions of this ASU to determine if there will be any impact on our results of operations, cash flows or financial condition.

~~All other newly issued accounting pronouncements but not yet effective have been deemed either immaterial or not applicable.~~

We maintain disclosure controls and procedures designed to ~~Rule 13a-15(b)~~provide reasonable assurance that material information required to be disclosed by us in the reports we file or submit under the Securities Exchange Act of 1934, (“Exchange Act”), the Company’s management, including the Company’s Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) (the Company’s principal financial and accounting officer), carried out an evaluation of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s CEO and CFO concluded that the Company’s disclosure controls and procedures were not effective as of March 31, 2016 to ensure that information required to be disclosed by the Company in the reports that the Company files or submits under the Exchange Act,amended, is recorded, processed, summarized and reported within the time periods specified in the ~~SEC’s~~SEC's rules and ~~forms. The Company’s disclosure controls~~forms, and ~~procedures are not designed to ensure~~ that ~~such~~the information is accumulated and communicated to ~~the Company’s~~our management, including ~~the Company’s CEO~~our Chief Executive Officer and ~~CFO,~~Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure. ~~The Company’s CEO~~We performed an evaluation, under the supervision and ~~CFO came to this conclusion because~~with the ~~current CEO~~participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the ~~Company does~~effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2016. Based on the existence of the material weakness in internal control over financial reporting discussed in our Form 10-K for the year ended June 30, 2016, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures were not ~~have signing powers with regard~~effective as of December 31, 2016 to ~~the Company’s bank account.~~provide such reasonable assurances.

~~(b)~~ We do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Further, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and the benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all our control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures is also based partly on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

During the six months ended December 31, 2016, there were no changes in our internal ~~control~~controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that ~~occurred during the last fiscal quarter that has~~have materially affected, or isare reasonably likely to materially affect, our internal control over financial reporting.

We are currently not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our company or any of our subsidiaries, threatened against or affecting our company, our common stock, any of our subsidiaries or of our companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

~~Smaller~~Not applicable for small reporting ~~companies are not required to provide the information required by this item.~~companies.

+ In accordance with SEC Release 33-8238, Exhibit 32.1 is deemed furnished and not filed.

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

Nevada		27-1497347
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employee Identification No.)

Large Accelerated Filer ☐	Accelerated Filer ☐
Non-Accelerated Filer ☐ (Do not check if a smaller reporting company)	Smaller Reporting Company ☒

PART I--FINANCIAL INFORMATION

Item 1.	Financial Statements.	1

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	129

Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	1611

Item 4.	Controls and Procedures.	1612

PART II--OTHER INFORMATION

Item 1.	Legal Proceedings.	1613

Item 1A.	Risk Factors.	1613

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	1613

Item 3.	Defaults Upon Senior Securities.	1613

Item 4.	Mine Safety Disclosures.	1613

Item 5.	Other Information.	1713

Item 6.	Exhibits.	1713

SIGNATURE		1814

PAGE	1	CONDENSED BALANCE SHEETS AS OF ~~MARCH~~DECEMBER 31, 2016 ~~(UNAUDITED)~~ AND JUNE 30, ~~2015~~2016 (UNAUDITED)

PAGE	2	CONDENSED STATEMENTS OF OPERATIONS FOR THE THREE AND ~~NINE~~SIX MONTHS ENDED ~~MARCH~~DECEMBER 31, 2016 AND 2015 (UNAUDITED)

PAGE	3	CONDENSED STATEMENT OF CHANGES IN STOCKHOLDERS’ DEFICIT FOR THE ~~NINE~~SIX MONTHS ENDED ~~MARCH~~DECEMBER 31, 2016 (UNAUDITED)

PAGE	4	CONDENSED STATEMENTS OF CASH FLOWS FOR THE ~~NINE~~SIX MONTHS ~~ENDED MARCH~~ENEDED DECEMBER 31, 2016 AND 2015 (UNAUDITED)

PAGES	5 - 118	~~CONDENSED~~ NOTES TO CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

	March 31, 2016			June 30, 2015
	Unaudited

ASSETS

Current Assets
Cash	$	61		$	953
Total Assets	$	61		$	953

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
Accounts Payable	$	5,476		$	15,314
Notes Payable - Related Party		313,300			258,300
Note Payable		9,000			9,000
Total Liabilities		327,776			282,614

Commitments and Contingencies (See Note 4)

Stockholders' Deficit
Preferred stock, $0.0001 par value; 5,000,000 shares authorized, none issued and outstanding		-			-
Common stock, $0.0001 par value; 100,000,000 shares authorized, 6,902,500 and 6,902,500 shares issued and outstanding, respectively		690			690
Additional paid-in capital		335,300			313,637
Accumulated deficit		(663,705	)		(595,988	)
Total Stockholders' Deficit		(327,715	)		(281,661	)

Total Liabilities and Stockholders' Deficit	$	61		$	953

	December 31, 2016			June 30, 2016

ASSETS
Current Assets
Cash	$	1,216		$	29
Total Current Assets		1,216			29

TOTAL ASSETS	$	1,216		$	29


LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities
Accounts payable and accured expenses	$	55,412		$	14,119
Note payable		9,000			9,000
Notes payable - related parties		333,162			313,300
Total Current Liabilities		397,574			336,419

Stockholders' Deficit
Preferred stock, $.0001 par value, 5,000,000 shares authorized, none issued and outstanding		-			-
Common Stock, $.0001 par value, 100,000,000 shares authorized, 6,902,500 shares issued and outstanding		690			690
Additional paid-in capital		343,257			343,257
Accumulated deficit		(740,305	)		(680,337	)
Total Stockholders' Deficit		(396,358	)		(336,390	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	1,216		$	29

	For the Three Months Ended						For the Nine Months Ended
	March 31, 2016			March 31, 2015			March 31, 2016			March 31, 2015

Operating Expenses
Professional fees		11,033			15,280			38,803			56,633
General and administrative		2,961			2,920			11,108			10,803
Total Operating Expenses		13,994			18,200			49,911			67,436

Loss from Operations		(13,994	)		(18,200	)		(49,911	)		(67,436	)

Other Expense
Interest Expense		(6,387	)		(4,822	)		(17,806	)		(13,402	)

Total Other Expense		(6,387	)		(4,822	)		(17,806	)		(13,402	)

LOSS FROM OPERATIONS BEFORE INCOME TAXES		(20,381	)		(23,022	)		(67,717	)		(80,838	)

Provision for Income Taxes		-			-			-			-

NET LOSS	$	(20,381	)	$	(23,022	)	$	(67,717	)	$	(80,838	)

Net Loss Per Share - Basic and Diluted	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.01	)

Weighted average number of shares outstanding during the period - Basic and Diluted		6,902,500			6,902,500			6,902,500			6,902,500

	For the Three Months Ended						For the Six Months Ended
	December 31, 2016			December 31, 2015			December 31, 2016			December 31, 2015

Operating Expenses
Professional fees	$	12,170		$	10,740		$	29,670		$	27,770
General and administrative		29,797			3,866			30,275			8,147
Total Operating Expenses		41,967			14,606			59,945			35,917

Loss Before Other Expenses		(41,967	)		(14,606	)		(59,945	)		(35,917	)

Other Expenses
Interest expense		-			(5,885	)		(23	)		(11,419	)
Total Other Expense		-			(5,885	)		(23	)		(11,419	)

Net Loss	$	(41,967	)	$	(20,491	)	$	(59,968	)	$	(47,336	)

Net Loss Per Share-Basic and Diluted		(0.01	)		-			(0.01	)		(0.01	)

Weighted average number of shares outstanding during the period-Basic and Diluted		6,902,500			6,902,500			6,902,500			6,902,500

									Additional					Total
	Preferred Stock				Common stock				paid-in		Accumulated			Stockholders'
		Shares		Amount		Shares		Amount		capital		Deficit			Deficit
Balance, June 30, 2015		-	$	-		6,902,500	$	690	$	313,637	$	(595,988	)	$	(281,661	)

In kind contribution of services and interest		-		-		-		-		21,663		-			21,663

Net loss for the nine months ended March 31, 2016		-		-		-		-		-		(67,717	)		(67,717	)

Balance, March 31, 2016 (unaudited)		-	$	-		6,902,500	$	690	$	335,300	$	(663,705	)	$	(327,715	)

	For the Six Months Ended
	December 31, 2016			December 31, 2015
Cash flows from operating activities
Net loss	$	(59,968	)	$	(47,336	)
Adjustments to reconcile net loss to net cash used in operating activities:
In-kind contribution of services and interest		-			14,019
Changes in operating assets and liabilities:
Increase (decrease) in accounts payable and accrued expenses		41,293			(7,519	)
Net cash used in operating activities		(18,675	)		(40,836	)

Cash flows from financing activities
Proceeds from notes payable - related party		19,862			40,000
Net cash provided by financing activities		19,862			40,000

Net increase (decrease) in cash		1,187			(836	)

Cash, beginning of period		29			953

Cash, end of period	$	1,216		$	117


Supplemental disclosure of cash flow information:
Cash paid for taxes	$	60		$	60

	Six Months Ended December 31, 2016			Six Months Ended December 31, 2015
Cash, beginning of period	$	29		$	953
Net cash used in operating activities		(18,675	)		(40,836	)
Net cash provided by financing activities		19,862			40,000
Cash, end of period	$	1,216		$	117

31.1*		Certification of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
~~32.1+~~
32.1+	Certification of the Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

99.1*	Letter of Intent between the Company and Arista Capital LTD, dated February 22, 2017.

101.INS *		XBRL Instance Document

101.SCH *		XBRL Taxonomy Schema

101.CAL *		XBRL Taxonomy Calculation Linkbase

101.DEF *		XBRL Taxonomy Definition Linkbase

101.LAB *		XBRL Taxonomy Label Linkbase

101.PRE *		XBRL Taxonomy Presentation Linkbase

	PRACO CORPORATION

Date: ~~May 13, 2016~~March 16, 2017	By:	/s/ R. Scott Williams
		R. Scott Williams Chief Executive Officer, President, Chief Financial Officer, Treasurer, and Secretary (Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer)