UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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FORM 10-Q

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☒

or000-55513

Commission File Number

Commission File Number: 000-55897

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Internet Sciences Inc.

(Exact name of registrant as specified in its charter)

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Delaware	Delaware 81-2775456 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 275 Madison 521 Fifth Ave, 6th17th Floor, New York New York, 10016NY 10175 (Address of principal executive offices) (Zip Code)   212-880-3750212-586-4141 (Registrant’s telephone number, including area code)   N/A (Former name or former address and former fiscal year, if changed since last report) _________________Securities registered pursuant to Section 12(b) of the Act: None   Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. ☐ Yes  ☐☒ No  ☒   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, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company”, and “emerging growth company”, in Rule 12b-2 of the Exchange Act. Act:   Large accelerated filer ☐ ☐ Accelerated Non-accelerated filer ☐ ☒ Accelerated filer ☐ Non-accelerated filer ☐  (Do not check if a smaller reporting company) Smaller reporting company ☒ Emerging growth company Growth ☒   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. ☐☒ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). ☐ Yes  ☐☒ No  ☒ APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:   Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d)number of shares outstanding of each of the Securities Exchange Actissuer’s classes of 1934 subsequent to the distribution of securities under a plan confirmed by a court.    Yes  ☐    No  ☒ Securities registered pursuant to Section 12(b)common stock, as of the Act: None Securities registered pursuant to Section 12(g) of the Act: Common Class A Common Class B APPLICABLE ONLY TO CORPORATE ISSUERS latest practicable date.As of June 30, 2019, there were 580,000August 16, 2021 we had 1,387,000 Class A shares; 18,800,000 Class B Shares outstanding. PART I — FINANCIAL INFORMATION    Item 1. Financial Statements 3   TABLE OF CONTENTS TABLE OF CONTENTS PART I—FINANCIAL INFORMATION 3 Item 1. Financial Statements. 3 Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsOperations. 14 13 Item 3. Quantitative and Qualitative Disclosures About Market RiskRisk. 17 15 Item 4. Controls and ProceduresProcedures. 18 15 Item 4T. PART II—OTHER INFORMATION Controls and Procedures 19 16 PART II — OTHER INFORMATION   Item 1. Legal Proceedings 20 Item 1. Legal Proceedings. 16 Item 1A. Risk Factors 20 Item 1A. Risk Factors. 16 Item 2. Unregistered Sales of Equity Securities and Use of ProceedsProceeds. 28 16 Item 3. Defaults Upon Senior SecuritiesSecurities. 28 16 Item 4. Mine Safety Disclosure. 16 Item 5. Other Information. 16   Item 4. Mine Safety Disclosures 282 Item 5. Other InformationTable of Contents 28 Item 6. Exhibits 28    PART I—FINANCIAL INFORMATION   PART I — FINANCIAL INFORMATIONItem 1. Financial Statements.   Item 1. Financial Statements Internet Sciences Inc. Consolidated Balance SheetSheets (Unaudited)   ASSETS   June 30, 2019     June 30, 2018                    Current Assets                 Cash   $ 36     $ -   Accounts receivable     -       -   Prepaid assets     1,200       -   Security deposit     1,800       1,500      Total Current Assets     3,036       1,500                     TOTAL ASSETS   $ 3,036     $ 1,500                     LIABILITIES AND STOCKHOLDERS' DEFICIT                 Current Liabilities                 Cash Overdraft     -       -   Accounts payable     19,690       -   Accrued expenses     41,328       40,731   Accrued compensation - officer     -       306,167   Stock payable     10       10   Related party loan     85,156       39,706   Deferred rent     -       -   Total Current Liabilities     146,184       386,614                     Total Liabilities     146,184       386,614                     Commitments and contingencies (see Note 3)                                   STOCKHOLDERS' DEFICIT                     Common Stock, $0.001 par value 100,000,000 authorized                 Common Stock Class A, 81,200,000 Shares Designated,                 580,000 shares issued and outstanding as of June 30, 2019 and 165,000 shares issued and outstanding as of June 30, 2018   $ 780     $ 168   Common Stock Class B, 18,800,000 Shares Designated,                 18,800,000 shares issued and outstanding as of June 30, 2019 and June 30, 2018   $ 18,800       18,800       Additional paid-in-capital   $ 86,208       86,200       Accumulated Deficit     (248,936 )     (490,282 )                      Total Stockholders' Deficit     (143,148 )     (385,114 )                   TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT   $ 3,036     $ 1,500       March 31,     December 31,       2021     2020   ASSETS             Current Assets             Cash   $ -     $ -   Total Current Assets     -       -                     Total Assets   $ -     $ -                     Liabilities and Stockholders' Deficit                 Current Liabilities                 Accounts payable and accrued liabilities   $ 55,019     $ 54,970   Accounts payable and accrued liabilities – related party     20,985       20,985   Due to related party     86,572       85,225   Loans payable     881       881   Total Current Liabilities     163,457       162,061                     Total Liabilities     163,457       162,061                     Stockholders' Deficit                 Common Stock, $0.001 par value 100,000,000 authorized,                 Common Stock Class A, 81,200,000 shares designated, 1,051,000 shares issued and outstanding     1,051       1,051   Common Stock Class B, 18,800,000 shares designated, 18,800,000 shares issued and outstanding     18,800       18,800   Additional paid-in capital     133,047       133,047   Accumulated deficit     (316,355 )     (314,959 ) Total stockholders’ deficit     (163,457 )     (162,061 )                   Non-controlling interest     -       -   Total Stockholders' Deficit     (163,457 )     (162,061 )                   Total Liabilities and Stockholders' Deficit   $ -     $ -     See accompanying notes to consolidated financial statements (unaudited)   3 Table of Contents Internet Sciences Inc. Consolidated Statement of Operations (Unaudited)   For the Three Months Ended June 30,     For the Six Months Ended June 30,       2019     2018     2019     2018                             Revenue   $ -     $ -     $ -     $ -   Total Revenue     -       -       -       -                                     Operating Expenses:                                 Selling, General and Administrative     2,397       1,264       14,249       9,236   Marketing and Public Relations                                 Professional Fees     25,250               25,250       0   Rent Expense     4,688       2,678       6,758       6,774   Software Development     40       0       40       1,490   Compensation and Related Taxes     0       43,750       0       87,508   Total Operating Expenses     32,375       47,692       46,297       105,008                                     Loss from Operations     (32,375 )     (47,692 )     (46,297 )     (105,008 )                                   Other Income (Expenses):                                 Other Expense                                 Total Other Income (Expenses)     -       -       -       -                                     Net Loss     (32,375 )     (47,692 )     (46,297 )     (105,008 )                                   Net Loss Per Common Share:                                 Basic   ($0.01 )   $ 0.00     ($0.01 )   ($0.01 ) Diluted   ($0.01 )   $ 0.00     ($0.01 )   ($0.01 )                                   Weighted Average Common Shares Outstanding:                                 Basic     19,380,000       18,965,000       19,380,000       18,960,000   Diluted     19,380,000       18,965,000       19,380,000       18,960,000   See accompanying notes to consolidated financial statements (unaudited) Internet Sciences Inc. Consolidated Statement of Cash Flows     For the Three Months Ended     For the Six Months Ended     For the Six Months Ended       June 30, 2019     June 30, 2019     June 30, 2018   Cash flows from Operating activities                         Net Loss   $ (32,375 )   $ (46,297 )     (105,008 ) Adjustments to Reconcile Net Loss to Net Cash                         used in Operating Activities:                         Stock compensation     0       0       8   Changes in operating assets and liabilities:                         Security deposit                         Prepaid asset                         Accounts receivable     5,000       -       -   Accounts payable     19,000       19,690           Accrued expenses     -       -       8,578   Accrued compensation     -       -       87,500   Stock payable     -       -       -   Deferred rent     -       -       -   Cash used in operating activities     (8,375 )     (26,607 )     (8,922 )                           Cash flows from investing activities                         Acquisition of Company                         Due from related party                         Capital Expenditures/(Disposals)                         Cash used in investing activities                                                   Cash flows from financing activities                         Repayments of related party loan     (1,770 )     (1,770 )     (2,659 ) Proceeds from related party loan     10,075       28,300       11,577   Repayments to shareholder     -       -       -   Proceeds from shareholder contributions     -       -       -   Cash provided by financing activities     8,305       26,530       8,918                             Net change in cash     (70 )     (77 )     (4 ) Cash (overdraft) at beginning of period     106       113       4   Cash (overdraft) at end of period   $ 36     $ 36     $ -                                                       Supplemental cash flow information                         Cash paid for interest                         Cash paid for income taxes                         See accompanying notes to consolidated financial statements (unaudited) Internet Sciences Inc. Statement of Changes in Stockholders' Deficit For the period from May 20, 2016 (Inception) to June 30, 2019                           Total       Common Stock Class A     Common Stock Class B     Additional     Accumulated     Stockholders'       Shares     Amount     Shares     Amount     Paid-in Capital     Deficit     Deficit   Balance, May 20, 2016 (Inception)     -     $ -       -     $ -     $ -     $ -     $ -                                                             Issuance of Founder's Shares     -       -       18,800,000       18,800       -       -       18,800   Issuance of common shares for compensation     160,000       160       -       -       -       -       160   Shareholder contributions     -       -       -       -       9,386       -       9,386   Net Loss     -       -       -       -       -       (101,390 )     (101,390 )                                                           Balance, December 31, 2016     160,000     $ 160       18,800,000     $ 18,800     $ 9,386     $ (101,390 )   $ (73,044 )                                                           Shareholder contributions     -       -       -       -       76,668       -       76,668   Issuance of common shares for compensation     -       -       -       -       146       -       146   Net Loss     -       -       -       -       -       (283,884 )     (283,884 )                                                           Balance, December 31, 2017     160,000     $ 160       18,800,000     $ 18,800       86,200     $ (385,274 )     (280,114 )                                                           Shareholder contributions     -       -       -       -               -       0   Issuance of common shares for compensation     45,000       620       -       -       8       -       628   Reduction of accumlated deficit due to stock issue     375,000       -       -       -       -       218,672       218,672   Net Loss     -       -       -       -       -       (36,037 )     (36,037 )                                                           Balance, December 31, 2018     580,000     $ 780       18,800,000     $ 18,800       86,208     $ (202,639 )     (96,851 )                                                           Shareholder contributions     -       -       -       -               -       -   Issuance of common shares for compensation     -       -       -       -               -       -   Net Loss     -       -       -       -       -       (13,922 )     (13,922 )                                                           Balance, March 31, 2019     580,000     $ 780       18,800,000     $ 18,800       86,208     $ (216,561 )     (110,773 )                                                           Shareholder contributions     -       -       -       -               -       -   Issuance of common shares for compensation     -       -       -       -               -       -   Net Loss     -       -       -       -       -       (32,375 )     (32,375 )                                                           Balance, June 30, 2019     580,000     $ 780       18,800,000     $ 18,800       86,208     $ (248,936 )     (143,148 )     For the Three Months Ended       March 31,       2021     2020                 Revenue   $ -     $ -                     Operating Expenses:                 General and administrative     1,394       3,097   Professional fees     -       1,285   Compensation     -       5,000   Total operating expenses     1,394       9,382                     Operating Loss     (1,394 )     (9,382 )                   Other income (expense)                 Interest expense     (2 )     -   Total other expense     (1,396 )     -                     Net loss before taxes     (1,396 )     (9,382 )                   Income tax provision     -       -                     Net Loss   $ (1,396 )   $ (9,382 )                   Net loss attributable to:                 Internet Sciences, Inc.     (1,396 )     (9,382 ) Non-controlling interest     -       -                     Comprehensive Loss   $ (1,396 )   $ (9,382 )                   Net loss per share, basic and diluted   $ (0.00 )   $ (0.00 ) Basic and Diluted Weighted Average Common Shares Outstanding     19,851,000       19,712,222      See accompanying notes to consolidated financial statements (unaudited)   4 Table of Contents Internet Sciences Inc. Consolidated Statement of Changes in Stockholders’ Deficit Three Months Ended March 31, 2021 and 2020 (Unaudited)     Common Stock Class A     Common Stock Class B     Additional Paid-in     Accumulated     Non-controlling     Total Stockholders’       Shares     Amount     Shares     Amount     Capital     Deficit     Interest     Deficit   Balance - December 31, 2019     865,000     $ 865       18,800,000     $ 18,800     $ 114,633     $ (276,920 )   $ -     $ (142,622 )                                                                   Issuance of common shares for compensation, related party     50,000       50       -       -       4,950       -       -       5,000   Net loss     -       -       -       -       -       (9,382 )     -       (9,382 ) Balance - March 31, 2020     915,000     $ 915       18,800,000     $ 18,800     $ 119,583     $ (286,302 )   $ -     $ (147,004 ) Balance - December 31, 2020     1,051,000     $ 1,051       18,800,000     $ 18,800     $ 133,047     $ (314,959 )   $ -     $ (162,061 )                                                                   Net loss     -       -       -       -       -       (1,396 )     -       (1,396 ) Balance - March 31, 2021     1,051,000     $ 1,051       18,800,000     $ 18,800     $ 133,047     $ (316,355 )   $ -     $ (163,457 ) See accompanying notes to consolidated financial statements (unaudited) 5 Table of Contents Internet Sciences Inc. Consolidated Statements of Cash Flows (Unaudited)     Three Months Ended       March 31,       2021     2020                 CASH FLOWS FROM OPERATING ACTIVITIES             Net loss   $ (1,396 )   $ (9,382 ) Adjustments to reconcile net loss to net cash used in operating activities:                 Stock based compensation     -       5,000   Changes in current assets and liabilities:                 Prepaid expenses     -       1,000   Accounts payable and accrued liabilities     49       (1,055 ) Accounts payable and accrued liabilities – related party     -       4,044   Net cash used in operating activities     (1,347 )     (393 )                   CASH FLOWS FROM FINANCING ACTIVITIES                 Proceeds from related party     1,347       962   Repayment to related party     -       (590 ) Net cash provided by financing activities     1,347       372                     Net change in cash for the period     -       (21 ) Cash at beginning of period     -       21   Cash at end of period   $ -     $ -                     SUPPLEMENTAL CASH FLOW INFORMATION:                 Cash paid for income taxes   $ -     $ -   Cash paid for interest   $ -     $ -   See accompanying notes to consolidated financial statements (unaudited) 6 Table of Contents Internet Sciences Inc. Notes to Consolidated Financial Statements For the Quarters ended June 31, 2019 and June 30, 2018 (Unaudited)   NOTE 1 – NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES   Nature of Business   Internet Sciences Inc. (“ISI” or the “Company”) was originally incorporated as Luxury Trine Digital Media Group, Inc. (“Luxury Trine” or the “Company”) was incorporated in the State of Delaware on May 20, 2016 and its2016. Its consolidated Variable Interest Entity (“VIE”), Trine Digital Broadcasting Ltd., was incorporated in the United Kingdom on July 3, 2017.   On October 5, 2018, the Company changed its name to Internet Sciences Inc. (“ISI”). Internet Sciences Inc. (“ISI” or the “Company”)Inc.., formerly known as Luxury Trine Digital Media Group Inc.,which is a development stagean early-stage emerging diversified information and communications technology company specializing in cutting-edge digital transformation services, including new-media technology; telecommunication and network carrier services; IoT-enabled solutions; and managed ICT, managed cloud services, data centers and co-location services.   Founded in 2016, and basedBased in New York, N.Y.,NY, ISI seeks to operate internationally with a global team known for its technological expertise, deep industry knowledge, world-class research and analytical capabilities, and innovative mindset.   ISI seeks to transform corporations, enterprises and government entities by providing best-in-class solutions, rooted in and driven by the technology, data, and organizational strategy required for operational excellence. Our interdisciplinary teams work in close collaboration with clients, helping them to solve their biggest problems utilizing a user-centric, data-driven approach focusing on creating seamless unified experiences across all digital, communication and physical touchpoints.   The Company’s principal place of business is 275 Madison521 Fifth Ave, 617th Floor, New York, NY 10016.10175.   Principles of Consolidation   The consolidated financial statements include the accountsfollowing subsidiaries: Ownership Country Interest Trine Digital Broadcasting Ltd (TDB) United Kingdom 49 % Institute of Technology, Informatics & Computer Analytics LLC (IoTICA) USA 100 % Analygence Limited (AL) United Kingdom 100 % The Company’s functional and reporting currency is the United States dollar. The functional currency of TDB and AL is the CompanyBritish pound. On consolidation, the subsidiary translates its assets and liabilities to U.S. dollars using foreign exchange rates which prevailed at the balance sheet date, and translates its consolidated VIE. revenues and expenses using average exchange rates during the period. Gains and losses arising on settlement of foreign currency denominated transactions or balances are included in the other comprehensive income/loss. No foreign currency translation or transactions gains or losses were recognized during the quarter ended March 31, 2021 due to the absence of operations in the UK subsidiaries. In June 2020, AL was formed in UK as an extension of TICA and as a response to the limitations of travel between the UK and US caused by the COVID-19 pandemic. There were no operations through TDB and AL for the three months ended March 31, 2021. There were no assets and liabilities of TDB and AL as of March 31, 2021. In the preparation of consolidated financial statements of the Company, intercompany transactions and balances are eliminated in consolidation.   Basis of Presentation The consolidated financial statements include the accounts of the Company and its VIE, Trine Digital Broadcasting Ltd. as of June 30, 2019 (unaudited). In the preparation of the consolidated financial statements of the Company, intercompany transactions and balances are eliminated.   The accompanying consolidated financial statements (unaudited) are condensed and have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”). and the rules and regulations of the Securities and Exchange Commission (the “SEC”), including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with US GAAP, have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2020. The results of operations for the period ended March 31, 2021 are not necessarily indicative of the operating results for the full year ended December 31, 2021.   In the opinion of management, all adjustments (consisting of normal recurring items) necessary to present fairly the Company'sCompany’s financial position and results of operations and cash flows as of June 30, 2019 and 2018.for the three months ended March 31, 2021 and 2020, have been made.   Internet Sciences Inc. Notes to Consolidated Financial Statements For the Quarters ended June 31, 2019 and June 30, 2018 (Unaudited) Variable Interest Entity   ASC 810-10-25-38, “Consolidation of Variable Interest Entities” requires a variable interest entity (“VIE”) to be consolidated by a company if that company absorbs a majority of the VIE’s expected losses and/or receives a majority of the entity’s expected residual returns as a result of holding variable interests. Trine Digital Broadcasting is a variable interest entity as defined by ASC 810-10-25-38. As ISI owns 49.9%49% of the VIE and the founder (CEO) majority shareholder (a related party) of ISI controls the remaining 50.1%51%, ISI has been determined to be the primary beneficiary of this VIE. The VIE was formed to expand the business of ISI into the United Kingdom. There are no formal explicit arrangements as of March 31, 20192021 that requires ISI to provide financial support to the VIE, although financial support is implied by the relationship. There were no assets and liabilities of the VIE as of June 30, 2019. RelatedMarch 31, 2021. The Company has not provided funding to consolidated VIEs, it is the Company’s policy notVIE to present non-controlling interest separately on the Company’s financial statements. During the year ended December 31, 2017,date, therefore, there was $2,346 of contributed capital of the Company that was used for formation expense of the VIE. Related to consolidated VIEs, it is the Company’s policy not to present non-controlling interest separately on the Company’s financial statements.have been no operations.    7 Table of Contents    Risks and Uncertainties for Development Stage Company We are considered to be in the development stage as defined in the accounting standards since we have not commenced planned principal operations. Our activities since inception include devoting substantially all of our efforts to business planning and development. Additionally, we have allocated a substantial portion of our time and investment to the completion of our development activities to launch our marketing plan and generate revenues and to raising capital. We have generated limited revenue from operations. The Company’s activities during the development stage are subject to significant risks and uncertainties. The Company plans on raising funds through a private placement in which the Company will be offering for sale 5,000,000 shares of our common stock, $0.001 par value per share, at $2.00 per share. The offering is made in reliance upon an exemption from registration under the federal securities laws provided by Rule 506(c) of Regulation D as promulgated by the United States Securities and Exchange Commission under the Securities Act of 1933, as amended. There is currently no public market for our common stock. While the Company believes in the viability of its strategy to initiate sales volume and in its ability to raise additional funds, there can be no assurances to that effect. The financial statements do not include adjustments to reflect the possible effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty. Use of Estimates The preparation of financial statements (Unaudited) in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management in the accompanying financial statements (Unaudited) include, but are not limited to the fair value of stock based compensation and the deferred tax asset valuation allowance.   Cash and Cash Equivalents   All highly liquid investments with maturity of three months or less are considered to be cash equivalents. The Company places its cash with a high credit quality financial institution.institutions. The Company’s accountaccounts at this institution isthese institutions are insured by the Federal Deposit Insurance Corporation ("FDIC"(“FDIC”) up to $250,000. As of June 30, 2019,March 31, 2021 and June 30, 2018,December 31, 2020, the Company did not reach bank balances exceeding the FDIC insurance limit.    Fair Value of Financial Instruments   The Company follows FASB ASC 820, “Fair Value Measurements and Disclosures” (“ASC 820”), for assets and liabilities measured at fair value on a recurring basis. 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. 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 entity’s own assumptions. 8  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 entity’s own assumptions.   Internet Sciences Inc. Notes to Consolidated Financial Statements For the Quarters ended June 31, 2019 and June 30, 2018 (Unaudited) FASB ASC 825-10-25 Fair Value Option expands opportunities to use fair value measurements in financial reporting and permits entities to choose to measure many financial instruments and certain other items at fair value. The Company did not elect the fair value options for any of its qualifying financial instruments.   The carrying amounts reported in the balance sheet for cash, accounts payable, and accrued expenses approximate their estimated fair market value based on the short-term maturity of these instruments.   8 Table of Contents    Impairment of Long-Lived AssetsRevenue Recognition Long-Lived Assets of the Company are reviewed for impairment whenever events or circumstances indicate that the carrying amount of assets may not be recoverable, pursuant to guidance established in ASC 360-10-35-15,“Impairment or Disposal of Long-Lived Assets”. The Company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset. The amount of impairment is measured as the difference between the asset’s estimated fair value and its book value.   Revenue Recognition The Company has adopted the guidance of the FASB ASC 606 “RevenueASU No. 2014-09, Revenue from Contracts with Customers” on January 1, 2017Customers (Topic 606) (“ASU 2014-09”), and in generalrecognizes revenue from the sale of products and services following the five steps procedure: Step 1: Identify the contract(s) with customers Step 2: Identify the performance obligations in the contract Step 3: Determine the transaction price Step 4: Allocate the transaction price to performance obligations Step 5: Recognize revenue when the entity satisfies a performance obligation The Company will recordrecognize revenue when a contract withas it transfers control of promised services to its customers. The amount of revenue recognized reflects the rights of the parties identified has been approved and the parties have committedconsideration to the contract, payment terms have been established, the contract has commercial substance, performance obligations have been satisfied and collectability is probable. There was no cumulative effect of the adoption of ASC 606 “Revenue from Contracts with Customers” sincewhich the Company isexpects to be entitled in the development stage and had no revenues in 2nd Quarter, 2019.exchange for these services.   Advertising Advertising is expensed as incurred. Advertising expenses for the years ended June 30, 2019 and for the June 30, 2018 was $0 and $0, respectively. Income Taxes   Income taxes are accounted for underdetermined in accordance with the asset and liabilityprovisions of ASC 740, “Income Taxes”. Under this method, as prescribed by ASC Topic 740: Income Taxes (“ASC 740”). Deferreddeferred 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 and operating loss and tax credit carryforwards.basis. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. DeferredAny effect on deferred tax assets are reduced byand liabilities of a valuation allowance, whenchange in tax rates is recognized in income in the Company's opinion it is likelyperiod that some portion orincludes the entire deferred tax asset will not be realized.enactment date.   PursuantASC 740 prescribes a comprehensive model for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions taken or expected to ASC Topic 740-10: Income Taxes related to the accounting for uncertainty in income taxes, the evaluation ofbe taken on a tax position is a two-step process. The first step is to determine whetherreturn. Under ASC 740, tax positions must initially be recognized in the financial statements when it is more likely than not that a taxthe position will be sustained upon examination includingby the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit toauthorities. Such tax positions must initially and subsequently be recognized in the financial statements. A tax position is measured atas the largest amount of tax benefit that ishas a greater than 50% likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meetsettlement with the more-likely-than-not recognition threshold should be recognizedtax authority assuming full knowledge of the position and relevant facts. Internet Sciences Inc. is registered in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met. The accounting standard also provides guidance on de-recognition, classification, interestState of Delaware and penalties, accounting in interim periods, disclosures, and transition.  The adoption had no effect on the Company’s financial statements. The tax year ending December 31, 2018 is subject to examinationthe tax laws of United States of America. The components of the Company’s deferred tax asset and reconciliation of income taxes are computed at the new statutory rate of 21%, and fully offset by a valuation allowance, as it is more likely than not that any benefits will not be realized in the Internal Revenue Service.future. The Company’s subsidiary operating in United Kingdom is subject to the United Kingdom Profits Tax at a standard income tax rate of 19% on the assessable income arising in United Kingdom during its tax year. For the three months ended March 31, 2021, operating activity of subsidiary was Nil.   The Company has not incurred any interest or penalties associated with any tax positions, and does not have any significant unrecognized tax positions as of March 31, 2021.   Internet Sciences Inc. Notes to Consolidated Financial Statements For the Quarters ended June 31, 2019 and June 30, 2018 (Unaudited) Stock Based Compensation   Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718, “Compensation – Stock Compensation,” which requires recognition in the financial statements of the cost of employee, director, and directornon-employee services received in exchange for an award of equity instruments over the period the employeeindividual or directorentity is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award.   9 Pursuant to ASC Topic 505-50, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date. Table of Contents    Net Loss per Share   ASC 260 “Earnings Per Share”, requires dual presentation of basic and diluted earnings per share (“EPS”) with a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. Basic EPS excludes dilution. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Basic net loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common shares outstanding during the period. Diluted net loss per common share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period.period, unless the result is anti-dilutive.   Net loss per share for each class of common stock is as follows:     For the year ended   For the year ended     Quarter Ended     March 31,     2021     2020   Net loss per share, basic and diluted   $ (0.00 )   $ (0.00 ) Net loss per common shares outstanding:   June 30, 2019   to June 30, 2018             Class A common stock   $ (0.01 )   $ (0.01 ) Class B common stock   $ (0.01 )   $ (0.01 ) Common stock -Class A   $ (0.00 )   $ (0.01 ) Common stock -Class B   $ (0.00 )   $ (0.00 ) Class A and B combined   $ (0.00 )   $ (0.00 )                           Weighted average shares outstanding:                           Class A common stock     580,000       160,000     1,051,000   912,222   Class B common stock     18,800,000       18,800,000       18,800,000       18,800,000   Total weighted average shares outstanding     19,380,000       18,960,000       19,851,000       19,712,222     Concentration of Credit RisksFor quarters ended March 31, 2021 and 2020, there were no potentially dilutive securities outstanding.   Financial instruments that potentially subject the company to credit risk consist principally of cash and cash equivalents and receivables. The Company places its cash and cash equivalents with financial institutions. Deposits are insured to Federal Deposit Insurance Corp. limits. At June 30, 2019 and June 30, 2018 there was no uninsured cash.Related Parties   Internet Sciences Inc. Notes to Consolidated Financial Statements ForThe Company follows ASC 850, ”Related Party Disclosures,” for the Quarters ended June 31, 2019identification of related parties and June 30, 2018 (Unaudited)disclosure of related party transactions (see Note 6).   Related Parties A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party. Recent Accounting Pronouncements In February 2016, the FASB issued Accounting Standards Update, Leases (Topic 842), intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than twelve months. Consistent with current Generally Accepted Accounting Principles (GAAP), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP - which requires only capital leases to be recognized on the balance sheet - the new ASU will require both types of leases to be recognized on the balance sheet. The ASU on leases will take effect for all public companies for fiscal years beginning after December 15, 2018. In February 2016, the FASB issued Accounting Standards Codification, Revenue from Contracts with Customers (Topic 606) intended to provide guidance related to general criteria for revenue recognition including identifying the contracts with a customer, identifying the performance obligations in the contracts, determining the transaction price, allocating the transaction price to the performance obligations in the contracts, and recognizing revenue when the entity satisfies a performance obligation by transferring a promised good or service to a customer. The Company adopted this standard effective January 1, 2017.   The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.   10 Table of Contents NOTE 2 – GOING CONCERN CONSIDERATIONS   The accompanying consolidated financial statements are prepared assuming the Company will continue as a going concern. At June 30, 2019,As of March 31, 2021, the Company had an accumulated deficit of $248,936,$316,355, a stockholders’ deficit of $143,148$163,457 and a working capital deficiency of $143,148.$163,457. For the three monthsquarter ended June 30, 2019,March 31, 2021, the Company had a net loss of $32,375$1,396 and cash used in operating activities of $8,375.$1,347. These matters raise substantial doubt about the Company’s ability to continue as a going concern for a period of twelve months from the issue date of this unaudited report.these financial statements. The ability of the Company to continue as a going concern is dependent upon initiating sales and obtaining additional capital and financing. The Company plans on raising funds through its planned Initial Public Offering and through a pre-listing private placement in which the Company will be offering for sale 5,000,000 shares of our common stock, $0.001 par value per share, at $2.00 per share. The offering is to be made in reliance upon an exemption from registration under the federal securities laws provided by Rule 506(c) of Regulation D as promulgated by the United States Securities and Exchange Commission under the Securities Act of 1933, as amended. As of the date of this report no funds have been raised and no future commitments have been received under this private placement.market raise. There is currently no public market for our common stock. While the Company believes in the viability of its strategy to initiate sales volume and in its ability to raise additional funds, there can be no assurances to that effect. The consolidated financial statements (unaudited) do not include adjustments to reflect the possible effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty.   11  The global outbreak of the novel coronavirus (COVID-19) has led to severe disruptions in general economic activities, as businesses and governments have taken broad actions to mitigate this public health crisis. While the COVID-19 pandemic has not had a material adverse impact on our operations to date, these conditions could significantly negatively impact the Company’s business in the future. The Company intends to continue to monitor the situation and may adjust its current business plans as more information and guidance become available.   Internet Sciences Inc. NotesThe extent to Consolidated Financial Statements Forwhich the Quarters ended June 31, 2019COVID-19 outbreak ultimately impacts the Company’s business, future revenues, results of operations and June 30, 2018 (Unaudited)financial condition will depend on future developments, which are highly uncertain and cannot be predicted, including, but not limited to, the duration and spread of the outbreak, its severity and longevity, the actions to curtail the virus and treat its impact (including an effective vaccine), and how quickly and to what extent normal economic and operating conditions can resume. Even after the COVID-19 outbreak has subsided, the pandemic may result in a significant disruption of global financial markets, which may reduce the Company’s ability to access capital or its customers’ ability to pay for past or future purchases, which could negatively affect the Company’s liquidity.   NOTE 3 – COMMITMENTS AND CONTINGENCIES   In November 2018,On July 18, 2019, the Company executed a new office LicenseBusiness Development and Consulting Agreement for consulting and advisement on business development in regard to lease office space commencing on January 1, 2019 withsecuring investors for the Company’s $20 million 506c offering and taking indication of interest for a twelve month term ending on December 31, 2019.$50 million S-1 IPO Stock Offering. The monthly license feeduration of the agreement is $1,200 per month with the first month at no charge. The Company paid a month’s rent in advance and paid a security deposit of $1,800. Rent expense for36 months. During the year ended June 30,December 31, 2019, the Company issued 15,000 share of common stock class A, at $0.10 per share for $1,500 in services rendered with respect to this agreement. While no services were rendered during the quarter ended March 31, 2021, the contract has remained in full force and effect. On August 26, 2020, the board of directors approved issuance of 6,000 class A shares of common stock for one year service effective July 22, 2020 to July 22, 2021 to one member of the Company’s advisory board of technology and technicians. During the year ended June 30, 2018 was $6,758 and $6,774, respectively.December 31, 2020, 3,000 shares of common stock for six months services vested at cash base price of $0.10. The remaining 3,000 vested on July 22, 2021.   In March 2018 the Company executed a video contact licensing agreement with guaranteed fees of $500; $1,000; $1,500; $2,000 and $2,500 for June; July; August; September; and October and thereafter until February 2019, respectively. As of June 30, 2019, $16,000 was owed. On October 11, 2017 the Company executed an Engagement Memorandum for the development of a Private Placement Memorandum (PPM), Form 10 Registration Statement, Reg D Filing, obtaining CUSIP numbers, IR campaign – for the purpose of raising capital and/or recruitment of potential investors for the Company. The fee for the above mentioned services was $25,000 which included an initial payment of $5,000 which was paid in October 2017 and $20,000 due upon the Company receiving a minimum of ten indications of interest and first round of private placement funds from Licensed FINRA member broker/dealer firms to be paid out of inward investment proceeds. As of June 30, 2019, proceeds have not been secured by the Company. NOTE 4 – ACCRUED COMPENSATION During the quarter ended March 30, 2020 the Company issued 50,000 shares of common stock -class A for services to the former Chief Operating Officer at $0.10 fair market value for total expense of $5,000. There was no stock-based compensation during the quarter ended March 31, 2021. During the year ended December 31, 2020, the Company recorded accrued wages totaling $16,000 owed to the Chief Executive Officer, who also serves as Chairman of the Board of Directors. On July 30, 2021, 160,000 shares of Class A common stock were issued at $0.10 per share in full satisfaction of the accrual. (See Note 8) 11 Table of Contents NOTE 5 – LOAN PAYABLE   On July 15, 2016,May 7, 2020, the Company received an $881 loan pursuant to the Paycheck Protection Program established under the Cares Act (the “PPP Loan”). The PPP Loan had a two-year term and bore interest at a meetingrate of 1.0% per annum. Monthly principal and interest payments of $37.09 are deferred for six months after the date of disbursement. The PPP Loan may be prepaid at any time prior to maturity with no prepayment penalties. The PPP Loan contained events of default and other provisions customary for a loan of this type. The PPP Loan may be forgiven if used under program parameters for payroll, mortgage interest and rent expenses. During April 2021, the Company’s Forgiveness Application of the Company’s Board of Directors,PPP Loan and accrued interest, totaling $887 was approved in full, and the Board resolved by unanimous voteCompany had no further obligations related to sign a two-year employment contract with the Company’s founder and CEO at rate of $175,000 per annum on August 1, 2016 through July 31, 2018. PPP Loan. (see Note 8) As of March 31, 2018,2021, the Company was obligated for the PPP loan with balance of $881 and accrued compensationinterest of $262,417$6. NOTE 6 – RELATED PARTY TRANSACTIONS During the quarters ended March 31, 2021 and as2020, the Company received advances from its CEO totaling $1,347 and $962, respectively, and made repayments of $0 and $590, respectively. As of March 31, 2019 all accrued compensation2021 and December 31, 2020, there was exchanged for stock compensation.$86,572 and $85,225, respectively, owed to the Company’s CEO. These advances are due on demand and non-interest bearing.   On October 29, 2017,NOTE 7 – EQUITY The Company has authorized 100,000,000 shares of common stock, par value of $0.001 per share, with 81,200,000 shares of common stock -class A designated and 18,800,000 shares of common stock -class B designated. Each holder of common stock-class A and common stock-class B is entitled to one vote and three votes, respectively, for each such share outstanding in the holder’s name. Common Stock- class A As of March 31, 2021 and December 31, 2020, the Company had 1,051,000 shares of common stock-class A issued and outstanding with a par value of $0.001 per share. During the first quarter of 2020, the Company issued 50,000 shares of common stock valued at a meeting$0.10 per share to its COO for $5,000 in services rendered. There were no issuances of class A stock during the Company’s Boardfirst quarter of Directors,2021. Common Stock- class B As of March 31, 2021 and December 31, 2020, the Company’s founderCompany had 18,800,000 shares of common stock-class B issued and CEO agreed to accept 375,000outstanding. There were no issuances of class B stock during the first quarter of 2021 or 2020. NOTE 8 – SUBSEQUENT EVENTS In  July and August, 2021 the Company issued 320,000 shares of Class A shares of the company in lieu of the accrued compensation. The Company has issued 375,000 Class Ato its CEO and 16,000 shares at $0.001 par value in lieu of accrued compensation. NOTE 5 – STOCKHOLDERS’ DEFICIT On May 26, 2016 the Company issued 18,800,000 Class B Common Shares as founder sharesto independent contractors for services rendered. The shares were immediately vested and therefore valued at their estimated grant date fair value of a nominal $.001 per share and recognized as compensation expense of $18,800 on the grant date. On July 15, 2016 the Company issued 120,000 Class A Common Shares related to executive compensation. The shares were immediately vested and therefore valued at their estimated grant date fair value of a nominal $.001 per share and recognized as compensation expense of $120 on the grant date. On July 15, 2016 the Company also issued 40,000 Class A Common Shares to three different board members related to board member services. The shares were immediately vested and therefore valued at their estimated grant date fair value of a nominal $.001 per share and recognized as compensation expense of $40 on the grant date. In July 2017, as part of the formation of the VIE an affiliate paid $2,346 of formation costs which was recorded as capital contribution. On October 26, 2017 the Board of Directors granted a new Director 10,000 Class A shares which was recognized immediately on the grant date of October 26, 2017 due to the de minimis value of the shares. If the Director is not employed at the cliff vesting date of August 26, 2018, the shares will be forfeited. The Company valued the shares at fair market value of $0.0155$0.10 per share.   On March 27, 2018In April 2021 the Company issued 5,000 Class A Common Shares to Roger Young as service shares for consultancy on technology asset acquisition. The shares were immediately vested and therefore valued at their estimated grant date fair value of a nominal $.0155 per share and recognized as compensation expense of $78principal on the grant date. Internet Sciences Inc. Notes to Consolidated Financial Statements For the Quarters ended June 31, 2019PPP Loan and June 30, 2018 (Unaudited) On November 27, 2018 the Company issued 10,000 Class A Common Shares to Jennifer Buzzelli.was forgiven in full. The shares were immediately vested and therefore valued at their estimated grant date fair value of a nominal $.0155 per share and recognized as compensation expense of $155 on the grant date. On December 4, 2018 the Company issued 5,000 Class A Common Shares to Alan Swersky. The shares were immediately vested and therefore valued at their estimated grant date fair value of a nominal $.0155 per share and recognized as compensation expense of $78 on the grant date. On December 19, 2018 the Company issued 25,000 Class A Common Shares to Bart Fooden. The shares were immediately vested and therefore valued at their estimated grant date fair value of a nominal $.0155 per share and recognized as compensation expense of $388 on the grant date. NOTE 6 – RELATED PARTY TRANSACTIONS During the quarter ended June 30, 2019 the Company’s Chief Executive Officer advanced 8,305 short term, non-interest-bearing loans to the Company which is included in related party loan on the balance sheettotal amount of the Company as of June 30, 2019.loan forgiven was $881 principal and $6 in accrued interest.   NOTE 7 – SUBSEQUENT EVENTS Management has assessed subsequent events from March 31, 2021 through August 14, 2019, the date on which thethese financial statements (unaudited) were available to be issued.issued, and noted no additional items requiring disclosure. 12 Table of Contents Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.   Management’s Discussion and Analysis This section of the Form 10-Q 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, 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. ITEM 2. MANAGEMENT'SMANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.   Overview   Internet Sciences Inc. (“ISI” or the “Company”) was originally incorporated as Luxury Trine Digital Media Group, Inc. (“Luxury Trine” or the “Company”) was incorporated in the State of Delaware on May 20, 2016 and its consolidated Variable Interest Entity (“VIE”), Trine Digital Broadcasting Ltd., was incorporated in the United Kingdom on July 3, 2017. 2016. On October 5, 2018, the Company changed its name to Internet Sciences Inc. (“ISI”). Internet Sciences Inc. (“ISI” or The consolidated financial statements include the “Company”), formerly known as Luxury Trine Digital Media Group Inc.,following subsidiaries: Ownership Country Interest Trine Digital Broadcasting Ltd (TDB) United Kingdom 49 % Institute of Technology, Informatics & Computer Analytics LLC (IoTICA) USA 100 % Analygence Limited (AL) United Kingdom 100 % ISI is a development stagean early-stage emerging diversified information and communications technology company specializing in cutting-edge digital transformation services, including new-media technology; telecommunication and network carrier services; IoT-enabled solutions; and managed ICT, managed cloud services, data centers and co-location services.   Founded in 2016, and basedBased in New York, N.Y., ISI seeks to operate internationally with a global team known for its technological expertise, deep industry knowledge, world-class research and analytical capabilities, and innovative mindset.   ISI seeks to transform corporations, enterprises and government entities by providing best-in-class solutions, rooted in and driven by the technology, data, and organizational strategy required for operational excellence. Our interdisciplinary teams work in close collaboration with clients, helping them to solve their biggest problems utilizing a user-centric, data-driven approach focusing on creating seamless unified experiences across all digital, communication and physical touchpoints.       The Company’s principal place of business is 275 Madison521 Fifth Ave, 6th17th Floor, New York, NY 10016. Our Outlook10175   Our Outlook We are considered to be in the development stagean early-stage company, as defined in the accounting standards since we have not -commencedcommenced planned principal operations. Our activities since inception include devoting substantially all of our efforts to business planning and development. Additionally, we have allocated a substantial portion of our time and investment to the completion of our development activities to launch our marketing plan and generate revenues and to raising capital. We have generated minimal revenue from operations. The Company’s activities during the developmentthis stage are subject to significant risks and uncertainties.On March 6, 2018, the Company launched an equity raise through a private placement offering for sale 10,000,000 shares of our common stock, $0.001 par value per share, at $2.00 per share. The private placement is currently opened. The offering is made in reliance upon an exemption from registration under the federal securities laws provided by Rule 506(c) of Regulation D as promulgated by the United States Securities and Exchange Commission under the Securities Act of 1933, as amended. There is currently no public market for our common stock. While the Company believes in the viability of its strategy to initiate sales volume and in its ability to raise additional funds, there can be no assurances to that effect. The financial statements do not include adjustments to reflect the possible effects on the recoverability and classification of assets or the amounts and classification of liabilities that may result from the outcome of this uncertainty. Results of Operations   SixThree Months Ended June 30, 2019March 31, 2021 Compared to SixThree Months Ended June 30, 2018March 31, 2020   Revenue   The Company is considered to be in the development stage.an early stage company. There were no revenues generated during the sixthree months ended June 30, 2019March 31, 2021 and June 30, 2018.March 31, 2020.   13 Table of Contents Operating Expenses and Loss from Operations   Total operating expenses and loss from operations for the sixthree months ended June 30, 2019March 31, 2021 were $46,297$1,394, a decrease of $58,711,$7,988, or approximately 44%85%, from total operating expenses and loss from operations for the comparable sixthree months ended June 30, 2018March 31, 2020 of $105,008.$9,382. This decrease is primarily attributable to increaseddecreased selling, general and administrative expenses professional fee along with a decrease inand stock compensation and related taxes.expense.   Other Income (Expense)   There were not any other expenses inwas accrued interest expense of $2 for the sixthree months ended June 30, 2019March 31, 2021 and June 30, 2018.no other income or expense for the three months ended March 31, 2021 or 2020.   Net Loss   We reported a net loss of $32,375$1,396 for the three months ended June 30, 2019March 31, 2021 as compared to a net loss of $47,692$9,382 for the sixthree months ended June 30, 2018.March 31, 2020 due to the above factors.   Liquidity and Capital Resources   Liquidity is the ability of a company to generate funds to support its current and future operations, satisfy its obligations, and otherwise operate on an ongoing basis. At June 30, 2019March 31, 2021 we had a cash balance of $36.$0 cash. Our working capital deficit was $143,148$163,457 at June 30, 2019.March 31, 2021.    Accrued expenses and accounts payable were $61,018$55,019 and $40,731, respectively$54,970 as of June 30, 2019March 31, 2021 and June 30, 2018.December 31, 2020, respectively. Accrued expenses and accounts payable for related party were $20,985 as of March 31, 2021 and December 31, 2020.   The Company is considered to be in the developmentan early stage company and we had zerono sales during the sixthree months ended June 30, 2019.March 31, 2021 or 2020. Thusnet sales are not sufficient to fund our operating expenses. We will need to raise significant additional capital to fund our operating expenses, pay our obligations, and grow our company. We reported a net loss of $46,297 during the six months ended June 30, 2019.  At June 30, 2019, we had a working capital deficit of 143,148. We do not anticipate we will be profitable in 2019.2021. Therefore our operations will be dependent on our ability to secure additional financing. Financing transactions may include the issuance of equity or debt securities, obtaining credit facilities, or other financing mechanisms. If we are successful in securing additional working capital, we intend to increase our marketing efforts to grow our revenues.   Operating activities   Net cash flows used in operating activities for the sixthree months ended June 30, 2019March 31, 2021 amounted to $26,607 anda negative $1,347 as compared to negative $393 for the three months ended March 31, 2020. The cash flow decrease for the three months ended March 31, 2021 was attributable to our net loss of $46,297$1,396 and an increase in accruedaccounts payable of $49. Conversely, the cash flow decrease for the three months ended March 31, 2020 was attributable to a net loss of $9,382, an increase in stock compensation of $5,000, increase in prepaid expenses of $19,690$1,000, increase of accounts payable and a decreaseaccrued liabilities for related parties of $4,044 netted by an increase in accounts payable and accrued compensationliabilities of $262,417.$1,055.    Financing activities   Net cash flows provided by financing activities were $26,530$1,347 and $372 for the sixthree months ended June 30, 2019. We receivedMarch 31, 2021 and 2020, respectively. The cash flow for the three months ended March 31, 2021 was attributable to proceeds from a related party loan of $28,300.$1,347. Conversely, the cash flow for the three months ended March 31, 2020 was attributable to proceeds from related party of $962 netted by repayment to related party of $590. Critical Accounting Policies and Estimates   Our financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles in the United States. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses. These estimates and assumptions are affected by management'smanagement’s applications of accounting policies. Critical accounting policies for our company include revenue recognition and accounting for stock based compensation, use of estimates, and income taxes.   Revenue Recognition The Company adopted the guidance of the FASB ASC 606 “Revenue from Contracts with Customers” on January 1, 2017 and in general will record revenue when a contract with the rights of the parties identified has been approved and the parties have committed to the contract, payment terms have been established, the contract has commercial substance, performance obligations have been satisfied and collectability is probable. There was no cumulative effect of the adoption of ASC 606 “Revenue from Contracts with Customers” since the Company is in the development stage and had no revenues in 2nd Quarter, 2019. Stock Based Compensation Stock-based compensation is accounted for based on the requirements of the Share-Based Payment Topic of ASC 718 which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award (presumptively, the vesting period). The ASC also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award. Pursuant to ASC Topic 505-50, for share-based payments to consultants and other third-parties, compensation expense is determined at the “measurement date.” The expense is recognized over the service period of the award. Until the measurement date is reached, the total amount of compensation expense remains uncertain. The Company initially records compensation expense based on the fair value of the award at the reporting date. Use of Estimates   The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates made by management in the accompanying financial statements include, but are not limited to the fair value of stock based compensation and the deferred tax asset valuation allowance.   14 Income Taxes Table of Contents    Income taxes are accounted for under the asset and liability method as prescribed by ASC Topic 740: Income Taxes (“ASC 740”). 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 and operating loss and tax credit carryforwards. 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. Deferred tax assets are reduced by a valuation allowance, when in the Company's opinion it is likely that some portion or the entire deferred tax asset will not be realized. Pursuant to ASC Topic 740-10: Income Taxes related to the accounting for uncertainty in income taxes, the evaluation of a tax position is a two-step process. The first step is to determine whether it is more likely than not that a tax position will be sustained upon examination, including the resolution of any related appeals or litigation based on the technical merits of that position. The second step is to measure a tax position that meets the more-likely-than-not threshold to determine the amount of benefit to be recognized in the financial statements. A tax position is measured at the largest amount of benefit that is greater than 50% likelihood of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent period in which the threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not criteria should be de-recognized in the first subsequent financial reporting period in which the threshold is no longer met. The accounting standard also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures, and transition.  The adoption had no effect on the Company’s financial statements. The tax year ending December 30, 2016 is subject to examination by the Internal Revenue Service. Recent Accounting Pronouncementsand Adoption of New Accounting Principles   In February 2016, the FASB issued Accounting Standards Update, Leases (Topic 842), intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real estate, airplanes, and manufacturing equipment. Under the new guidance, a lessee will be required to recognize assets and liabilities for leases with lease terms of more than twelve months. Consistent with current Generally Accepted Accounting Principles (GAAP), the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as finance or operating lease. However, unlike current GAAP - which requires only capital leases to be recognized on the balance sheet - the new ASU will require both types of leases to be recognized on the balance sheet. The ASU on leases will take effect for all public companies for fiscal years beginning after December 15, 2018. In February 2016, the FASB issued Accounting Standards Codification, Revenue from Contracts with Customers (Topic 606) intended to provide guidance related to general criteria for revenue recognition including identifying the contracts with a customer, identifying the performance obligations in the contracts, determining the transaction price, allocating the transaction price to the performance obligations in the contracts, and recognizing revenue when the entity satisfies a performance obligation by transferring a promised good or service to a customer. The Company adopted this standard effective January 1, 2017. The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.   Off Balance Sheet Arrangements None Item 3. Quantitative and Qualitative Disclosures About Market Risk.   We have not entered into any other financial guarantees or other commitments to guaranteeare a smaller reporting company as defined by Rule 12b-2 of the payment obligations of any third parties. We have not entered into any derivative contracts that are indexed to our sharesExchange Act and classified as stockholder’s equity or that are not reflected in our consolidated financial statements. Furthermore, we do not have any retained or contingent interest in assets transferredrequired to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity.provide the information required under this item.   Item 3. Quantitative and Qualitative Disclosures About Market Risk  Information required by this item is contained in “Item 2. Management’s DiscussionItem 4. Controls and Analysis of Financial Condition and Results of Operations” Such information is incorporated herein by reference.Procedures.   Disclosure Controls and Procedures Item 4. Controls and Procedures    We maintain disclosureDisclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act reportsof 1934 is recorded, processed, summarized and reported, within the timelinestime period specified in the SEC’s rules and forms,forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that such information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to our management including our Chief Executive Officerprincipal executive officer and Chief Financial Officer,principal financial officer as appropriate, to allow timely decisions regarding required disclosure. In designing and evaluating the disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can only provide reasonable assurance of achieving the desired control objectives, and in reaching a reasonable level of assurance, management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.   AsIn connection with this quarterly report, as required by SEC Rule 13a-15(b),15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our company’s disclosure controls and proceduresprocedures. This evaluation was carried out under the supervision and with the participation of our company’s management, including our company’s principal executive officer and principal financial officer. Based upon that evaluation, our company’s principal executive officer and principal financial officer concluded that as of the end of the year covered by this report. Based on the foregoing, our Chief Executive Officer and Chief Financial Officer concluded thatMarch 31, 2021 our disclosure controls and procedures were not effective atdue to the reasonable assurance level.  existence of material weaknesses in our internal controls over financial reporting.   Changes in Internal Control Over Financial Reporting 19  There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended March 31, 2021 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.
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Item 4T. Controls and Procedures Table of Contents    Not Applicable.PART II—OTHER INFORMATION   PART II — OTHER INFORMATION Item 1. Legal Proceedings Proceedings.   No proceedingsCurrently we are not involved in any pending to which the Companylitigation or any of its property is subject, nor to the knowledge of the Company, are any such legal proceedings threatened against the Company. proceeding.   Item 1A. Risk Factors  The risks and uncertainties described below are not the only ones facing the Company. Additional risks and uncertainties not presently known to us or that we currently deem immaterial may also impair our business operations. If any of the following risks actually occur, our business could be materially adversely affected. In such case, the Company may not be able to proceed with its planned operations and your investment may be lost entirely. An investment in our securities is highly speculative and subject to a high degree of risk. Only those who can bear the risk of the entire loss of their investment should participate. Prospective investors should carefully consider the following factors, among others, prior to making an investment in the Securities described herein. There is no trading market in our Common Stock. There can be no assurance that a trading market in our Common Stock or other securities will develop, or if such a market develops, that it will be sustained. AS SUCH, INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISKS OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME AND MUST BE ABLE TO WITHSTAND A TOTAL LOSS OF THEIR INVESTMENT. THE RISKS AND UNCERTAINTIES DESCRIBED BELOW ARE NOT THE ONLY ONES WE FACE. ADDITIONAL RISKS AND UNCERTAINTIES NOT PRESENTLY KNOWN TO US OR THAT WE CURRENTLY DEEM IMMATERIAL MAY ALSO IMPAIR OUR BUSINESS OPERATIONS. IF ANY OF THE FOLLOWING RISKS ACTUALLY OCCUR, OUR BUSINESS COULD BE MATERIALLY ADVERSELY AFFECTED. IN SUCH CASE, WE MAY NOT BE ABLE TO PROCEED WITH ITS PLANNED OPERATIONS AND YOUR INVESTMENT MAY BE LOST ENTIRELY. RISKS ASSOCIATED WITH THE COMPANY'S PROSPECTIVE BUSINESS AND OPERATIONS: We do not have sufficient capital to implement our business strategy. We lack working capital to continue operations. We will need approximately $70 million during the next twelve months to implement our business plan. While management has had discussions with several investment bankers and underwriters, the Company has no firm commitment and has not signed any type of underwriting agreement. As such, there can be no assurance that we will secure sufficient funding to implement our business plan. We have no commitment for additional funding. We have no commitment for additional funding. We may attempt to secure working capital through either a debt or equity offering. We may also seek to secure financing from an institutional investor. There can be no assurance that we will be able to secure institutional financing or if available, will be available on terms acceptable to the Company. We have had limited operations to date. We have limited operations to date and no funds to finance ongoing operations. As a result, it will be difficult for you to evaluate our potential future performance without the benefit of an established track record. We may encounter unanticipated problems implementing our business plan, which may have a material adverse effect on our results of operations. Accordingly, no assurance can be given that we will be successful in implementing our business strategy or that we will be successful in achieving our objective. Our prospects for success must be considered in the context of a new company with limited resources in a highly competitive industry. As a result, investors may lose their entire investment. We may not be able to operate our business successfully or generate sufficient cash flows to meet our operational requirements Our revenues may not be sufficient to meet our cash flow requirements. As a result, we may not be able to implement our business strategies, expansion plans. There is no commitment for additional equity or debt financing. Even if we were to obtain funding, there can be no assurance that it will be available on terms acceptable to the Company. WE WILL NEED TO RAISE ADDITIONAL CAPITAL TO MEET OUR FUTURE BUSINESS REQUIREMENTS AND SUCH CAPITAL RAISING MAY BE COSTLY OR DIFFICULT TO OBTAIN AND COULD DILUTE CURRENT STOCKHOLDERS’ OWNERSHIP INTERESTS. We will require a significant capital infusion to implement our business model We do not have any firm commitments or other identified sources of additional capital from third parties or from our officer and director or from other shareholders.  There can be no assurance that additional capital will be available to us, or that, if available, it will be on terms satisfactory to us.  Any additional financing will involve dilution to our existing shareholders.  If we do not obtain additional capital on terms satisfactory to us, or at all, it may cause us to delay, curtail, scale back or forgo some or all of our business operations, which could have a material adverse effect on our business and financial results and investors would be at risk to lose all or a part of any investment in our Company. WE ARE DEPENDENT UPON OUR CEO FOR HER SERVICES AND ANY INTERRUPTION IN HER ABILITY TO PROVIDE HER SERVICES COULD CAUSE US TO CEASE OPERATIONS. The loss of the services of Ms. Lynda Chervil, our CEO, Chairman and President, could have a material adverse effect on us.  We do not maintain any life insurance on Ms. Chervil.  The loss of Ms. Chervil’s services could cause investors to lose all or a part of their investment. Our future success will also depend on our ability to attract, retain and motivate other highly skilled employees. Competition for personnel in our industry is intense. We may not be able to assimilate or retain highly qualified employees now or in the future. If we do not succeed in attracting new personnel or retaining and motivating our current personnel, our business will be adversely affected. OUR FUTURE SUCCESS WILL DEPEND ON OUR ABILITY TO GENERATE AND INCREASE REVENUES. We operate in a highly competitive market and face numerous risks and uncertainties in achieving both the ability to generate and increase revenues.  In order to drive revenues for our business, we must successfully: · Deploy, implement and execute a marketing plan for client acquisition and retention, to attract corporations and individuals to our services; · Develop, retain and engage a critical mass audience for our digital lifestyle magazine and business media websites, application users on our Luxury Trine Publications platform, digital viewers across various digital TV delivery platforms and such other business endeavors we undertake. · Attract and retain qualified personnel from our competitors with experience and expertise to serve in various capacities, including sales and marketing positions; and · Invest in software technologies that will enable our company to build scalability with the ability to continue to function well with changes in size and volume of our audiences to meet their needs; If we are not successful in the execution of these strategies, our business, results of operations and financial condition will be materially adversely affected. THERE IS NO ASSURANCE OUR FUTURE OPERATIONS WILL RESULT IN PROFITABLE OPERATIONS.  IF WE CANNOT GENERATE SUFFICIENT REVENUES TO OPERATE PROFITABLY OR WE ARE UNABLE TO RAISE ADDITIONAL FUNDS, THIS MAY DECREASE SHAREHOLDER VALUE OR CAUSE US TO CEASE OPERATIONS.  We expect to incur operating losses in future periods as we develop our various business We cannot be sure that we will be successful in generating revenues in the future. If we are unable to generate sufficient revenues or raise additional funds, our business will be adversely affected and our shareholders may lose their investment. WE FACE INTENSE COMPETITION FROM OTHER PROVIDERS. We compete with many providers of communication technology services, technology infrastructure service delivery and technology consulting service providers. Because our market poses substantial barriers to entry, we expect this competition to continue to intensify. · start-up companies entering the market; · changes in our competitors’ strategies and tactics to which we may not be able to adequately respond. Many of our existing competitors, as well as many of our potential competitors, have longer operating histories, greater name recognition, larger customer bases and significantly greater financial, technical and marketing resources than we do. Many of our competitors will be able to respond more quickly to new or emerging technologies and changes in the industry or to devote greater resources to the development, promotion and sale of their services than we can. Competitors may be more able to launch extensive marketing campaigns and enhance their visibility in the market. In addition, current and prospective competitors may establish cooperative relationships among themselves or with third parties to improve their ability to address the needs of our existing and prospective customers. If these events occur, they could have a materially adverse effect on our revenue. Increased competition could also result in price reductions, reduced margins or loss of market share. Our ability to compete may depend upon factors outside of our control Factors outside of our control which may inhibit the ability to implement our business strategy and profitably operate the Company include: · the prices of our competitor’s services; · the ability of competitors to launch extensive marketing campaigns; · changes in consumer behavior; · changes in the global economy; · changes within the media, technology and telecommunications business sectors of the global economy. In order to remain competitive, we must have the ability to respond promptly and efficiently to the ever-changing marketplace.   We will have to adapt by revamping our own strategies and tactics to adequately respond in changing competitive business climates. IF WE DO NOT SUCCESSFULLY ESTABLISH AND MAINTAIN OUR COMPANY AS A HIGHLY TRUSTED AND RESPECTED NAME OR ARE UNABLE TO ATTRACT AND RETAIN CLIENTS, WE COULD SUSTAIN LOSS OF REVENUES, WHICH COULD SIGNIFICANTLY AFFECT OUR BUSINESS. In order to attract and retain a client base and increase business, we must establish, maintain and strengthen our name and the services we provide. To be successful in establishing our reputation, clients must perceive us as a trusted source for quality services. If we are unable to attract and retain clients with our current marketing plans, we may not be able to successfully establish our name and reputation, which could significantly affect our business, financial condition and results of operations. WE MAY NOT BE SUCCESSFUL IN INCREASING OUR BRAND AWARENESS WHICH WOULD ADVERSELY AFFECT OUR BUSINESS. Our future success will depend, in part, on our ability to increase the brand awareness of our services. If our marketing efforts are unsuccessful or if we cannot increase our brand awareness, our business, financial condition and results of operations would be materially adversely affected. 24  OUR BUSINESS COULD BE ADVERSELY AFFECTED BY A DOWNTURN IN THE ECONOMY.Factors.   We are in part dependent upona smaller reporting company as defined by Rule 12b-2 of the demand for luxury brands, making our business susceptibleSecurities Exchange Act of 1934 and are not required to a downturn inprovide the financial climate. We are relying on the demand of consumers and in the stability of economic markets to generate revenues. OUR BUSINESS WOULD BE ADVERSELY AFFECTED IF WE ARE NOT ABLE TO CREATE AND DEVELOP AN EFFECTIVE WORKFORCE.information under this item.   A significant component to our growth strategy is attracting and retaining qualified, creative, innovative and experienced personnel. Our business would be adversely affected if we were unable to succeed in developing an effective workforce. We currently do not employ a workforce capable of generating revenue. RAPID CHANGES IN TECHNOLOGY COULD IMPACT OUR ABILITY TO COMPETE. Rapid changes in technology could affect our ability to compete for business customers. The technology used to deliver communications services has changed rapidly in the past and will likely continue to do so in the future. If we are unable to keep up with such changes, we may not be able to offer competitive services to our business customers. This could adversely affect our ability to compete for business customers, which, in turn, would adversely affect our results of operations and financial condition. PAYMENTS FOR TARIFFS MAY ADVERSELY AFFECT OUR BUSINESS. In certain markets where we provide services to businesses, we may pay a significant portion for our network capacity from certain platforms and verticals. These platforms may compete directly with us for customers. The prices for platform services are contained in either tariffs, interconnection agreements, or negotiated contracts. Terms, conditions and pricing for tariff services may be changed, but they must be approved by the appropriate regulatory agency before they go into effect. INCREASES IN BROADBAND USAGE MAY CAUSE NETWORK CAPACITY LIMITATIONS. Increase in broadband usage may cause network capacity limitations, resulting in service disruptions or reduced capacity for customers. Video streaming services and peer-to-peer file sharing applications use significantly more bandwidth than traditional Internet activity such as web browsing and email. As utilization rates and availability of these services continue to grow, our high-speed Internet customers may use much more bandwidth than in the past. If this occurs, we could be required to make significant capital expenditures to increase network capacity to avoid service disruptions or reduced capacity for customers. Alternatively, we may choose to implement network management practices to reduce the network capacity available to bandwidth-intensive activities during certain times in market areas experiencing congestion, and these actions could negatively affect customer experience and increase customer churn. While we believe demand for these services may drive high-speed Internet customers to pay for faster broadband speeds, we may not be able to recover the costs of the necessary network investments. This could result in an adverse impact to our results of operations and financial condition. DISRUPTIONS AND NETWORK CONGESTION MAY CAUSE US TO LOSE CUSTOMERS AND INCUR ADDITIONAL COSTS. Disruptions and congestion in our networks and infrastructure may cause us to lose customers and incur additional expenses. Our customers will depend on reliable service over various networks. Some of the risks to our network infrastructure include physical damage to lines, security breaches, capacity limitations, power surges or outages, software defects and disruptions beyond our control, such as natural disasters and acts of terrorism. From time to time in the ordinary course of business, we will experience disruptions in our service due to factors such as cable damage, inclement weather and service failures in our third-party service providers. Additionally, we could face disruptions due to capacity limitations because of changes in our customers’ high-speed Internet usage patterns. These patterns have changed in recent years, for example through the increased usage of video and streaming, resulting in a significant increase in the utilization of our network. We could experience more significant disruptions in the future. Disruptions may cause interruptions in service or reduced capacity for customers, either of which could cause us to lose customers or incur additional expenses or capital expenditures. Such results could adversely affect our results of operations and financial condition. Disruptions in our data centers could cause service interruptions for customers. If a disruption occurs in one of our data centers, our customers could lose access to information critical to running their businesses, which could result in a loss of customers. We may also incur significant operating or capital expenditures to restore service. Thus, disruptions could affect our results of operations and financial condition. A CHANGING REGULATOY ENVIRONMENT CAN AFFECT OUR OPERATIONS. Future revenues, costs, and capital investment in our platform could be adversely affected by material changes to, or decisions regarding applicability of government requirements, including, but not limited to, state and federal USF1 support and other pricing and requirements. Federal and state communications laws may be amended in the future, and other laws may affect our business. In addition, certain laws and regulations applicable to us and our competitors may be, and have been, challenged in the courts and could be changed at any time. We cannot predict future developments or changes to the regulatory environment or the impact such developments or changes would have. In addition, these regulations could result in significant compliance costs. Delays in obtaining certifications and regulatory approvals could result in substantial legal and administrative expenses and additionally, conditions imposed in connection with such approvals could adversely affect the rates that we are able to charge our customers. Our business also may be affected by legislation and regulations imposing new or greater obligations related to, for example, assisting law enforcement, bolstering homeland and cyber-security, protecting intellectual property rights of third parties, minimizing environmental impacts, protecting customer privacy, or addressing other issues that affect our business. WE MAY BE SUBJECT TO INTELLECTUAL PROPERTY CLAIMS. We may need to defend ourselves against lawsuits or claims that we infringe upon the intellectual property rights of others. From time to time, we may receive notices from third parties, or we may be named in lawsuits filed by third parties, claiming we have infringed or are infringing upon their intellectual property rights. We may receive similar notices or be involved in similar lawsuits in the future. In certain situations, we may have the ability to seek indemnification from our vendors regarding these lawsuits or claims. If we cannot enforce our indemnification rights or if our vendors lack the financial means to indemnify us, these claims may require us to expend significant time and money defending our alleged use of the affected technology, may require us to enter into licensing agreements requiring one-time or periodic royalty payments that we would not otherwise have to pay, or may require us to pay damages. If we are required to take one or more of these actions, it may result in an adverse impact to our results of operations and financial condition. In addition, in responding to these claims, we may be required to stop selling or redesign one or more of our products or services, which could adversely affect the way we conduct our business. WE MAY NOT BE ABLE TO SUCCESSFULLY MANAGE OUR GROWTH. We could experience growth over a short period, which could put a significant strain on our managerial, operational and financial resources.  We must implement and constantly improve our certification processes and hire, train and manage qualified personnel to manage such growth. As part of this growth, we may have to implement new operational and financial systems and procedures and controls to expand, train and manage our employees, especially in the areas of marketing and technology. If we fail to develop and maintain our services and processes as we experience our anticipated growth, demand for our services and our revenues could decrease. OUR INABILITY TO GENERATE SIGNIFICANT REVENUES TO DATE RAISES DOUBT ABOUT OUR ABILITY TO CONTINUE AS A GOING CONCERN. We have nominal revenues to date and will need a significant capital infusion to implement our business plan. As a result, our Independent Registered Public Accounting Firm has expressed substantial doubt about the Company’s ability to continue as a going concern in their report to the financial statements included in the registration statement BECAUSE WE HAVE NOT IMPLEMENTED OUR BUSINESS MODEL, WE HAVE NOT PROVEN OUR ABILITY TO GENERATE REVENUES OR PROFITS, AND ANY INVESTMENT IN THE COMPANY IS RISKY. We have very little meaningful operating history so it will be difficult for you to evaluate an investment in our stock. We have not sold any of our products to date. Our Independent Registered Public Accounting Firm have expressed substantial doubt about our ability to continue as a going concern. We cannot assure that we will ever be profitable. As a result, investors will bear the risk of complete loss of their investment in the event we are not successful. WE WILL INCUR INCREASED COSTS AS A RESULT OF BECOMING A PUBLIC COMPANY.  Following the filing of this Registration Statement we will become a mandatory filer with the Securities and Exchange Commission. As a public company, we will incur significant legal, accounting, consulting and other expenses that we did not incur as a private company. We will incur costs associated with our public company reporting requirements. THERE IS CURRENTLY NO MARKET FOR OUR COMMON STOCK, AND WE DO NOT EXPECT THAT A MARKET WILL DEVELOP IN THE FORESEEABLE FUTURE MAKING AN INVESTMENT IN OUR COMMON STOCK ILLIQUID. There is currently no market for our common stock.  We do not expect that a market will develop in the foreseeable future.  The lack of a market may impair the ability to sell shares at the time investors wish to sell them or at a price considered to be reasonable.  In the event that a market develops, we expect that it would be extremely volatile. WE DO NOT ANTICIPATE DIVIDENDS TO BE PAID ON OUR COMMON STOCK AND INVESTORS MAY LOSE THE ENTIRE AMOUNT OF THEIR INVESTMENT. A dividend has never been declared or paid in cash on our common stock and we do not anticipate such a declaration or payment for the foreseeable future. We expect to use future earnings, if any, to fund business growth. Therefore, stockholders will not receive any funds absent a sale of their shares. We cannot assure stockholders of a positive return on their investment when they sell their shares nor can we assure that stockholders will not lose the entire amount of their investment. OUR CHIEF EXECUTIVE OFFICER AND MAJORITY STOCKHOLDER MAY SIGNIFICANTLY INFLUENCE MATTERS TO BE VOTED ON AND HER INTERESTS MAY DIFFER FROM, OR BE ADVERSE TO, THE INTERESTS OF OUR OTHER STOCKHOLDERS. The Company’s executive officer and majority stockholder controls 99.79% of our outstanding common stock. Accordingly, the Company’s executive officer and majority stockholder possess significant influence over the Company on matters submitted to the stockholders for approval, including the election of directors, mergers, consolidations, the sale of all or substantially all our assets, and also the power to prevent or cause a change in control. This amount of control gives them substantial ability to determine the future of our Company, and as such, they may elect to close the business, change the business plan or make any number of other major business decisions without the approval of shareholders. The interest of our majority stockholders may differ from the interests of our other stockholders and could therefore result in corporate decisions that are averse to other stockholders. Cautionary Note Regarding Forward Looking Statements. This Registration Statement contains or may contain forward-looking statements that are subject to known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements were based on various factors and were derived utilizing numerous assumptions and other factors that could cause our actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors. Most of these factors are difficult to predict accurately and are generally beyond our control. You should consider the areas of risk described in connection with any forward-looking statements that may be made herein. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this Memorandum. Item 2. Unregistered Sales of Equity Securities and Use of Proceeds  Not Applicable. Proceeds.Item 3. Defaults Upon Senior Securities  Not Applicable Item 4. Mine Safety Disclosures    None   Item 5. Other Information 3. Defaults Upon Senior Securities.   None   Item 6. Exhibits4. Mine Safety Disclosure.   None. None   Item 5. Other Information. None 29    16 Table of Contents    SIGNATURESItem 6. Exhibits. The following documents are filed as a part of this report or are incorporated by reference to previous filings, if so indicated: Exhibit No. Description 3.1 Articles of Incorporation as previously filed with the SEC on Form 10 on January 25, 2018 3.2 By-Laws Inc. as previously filed with the SEC on Form 10 on January 25, 2018 31.1 Certification of Chief Executive Officer Pursuant to Rule 13a–14(a) or 15d-14(a) of the Securities Exchange Act of 1934 31.2 Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) or 15d-14(a) of the Securities Exchange Act of 1934* 32.1 Certification of Chief Executive Officer under Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 32.2 Certification of Chief Financial Officer under Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002** * Included in Exhibit 31.1 ** Included in Exhibit 32.1 17 Table of Contents SIGNATURES*   Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.   Internet ScienceSciences Inc. Date: August 14, 201916, 2021 By: /s/ Lynda Chervil Lynda Chervil President, Chief Executive OfficeOfficer (Principal Executive Officer) and Director 18     30