U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q


Mark One

[ X]  QUARTERLY REPORT PURSUANT TO

10-Q

O SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934


For the quarterly periodquarter ended JulyJanuary 31, 20172019


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


For the transition period from ______ to _______


Commission File No. 333-202398333-229638


Arma Services Inc.

ARMA SERVICES, INC.
(Exact name of registrant as specified in its charter)


Nevada

(State or Other Jurisdiction of Incorporation or Organization)

8744

(Primary Standard Industrial Classification Number)

EIN 32-0449388

 (IRS(IRS Employer

Identification Number)




72604560 W. Azure Dr. Suitedr. suite 140-928

Las Vegas, NV 89130

+17026599321


 (Address

(Address and telephone number of principal executive offices)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 [X[ ]   No[ X ]



1 | PageNO


Indicate by check mark whether the registrant is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Yes [ ]   No[ X ] NO

Large accelerated filer [  ] Accelerated filer [   ] Non-accelerated filer Yes [   ] Smaller reporting company Yes [X] Emerging Growth Company [ ]

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 7(a)(2)(B) of the exchange act. [  ]

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

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.

N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.  Yes[   ]  No[ X  ]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuers classes of common stock, as of the most practicable date:

Class

Outstanding as of JulyJanuary 31, 20172019

Common Stock: $0.001$0.0001

6,240,000





PART 1

FINANCIAL INFORMATION


Item 1

Financial Statements (Unaudited)

4

Condensed Balance Sheets

4

Condensed Statements of Operations

5


Condensed Statements of Cash Flows

6


   Notes to condensed unaudited Financial Statements

7

Item 2.   

Managements Discussion and Analysis of Financial Condition and Results of Operations

9

Item 3.   

Quantitative and Qualitative Disclosures About Market Risk

10

Item 4.

Controls and Procedures

10

PART II.

OTHER INFORMATION


Item 1   

Legal Proceedings

11

Item 2.  

Unregistered Sales of Equity Securities and Use of Proceeds

11

Item 3   

Defaults Upon Senior Securities

11

Item 4      

Mine safety disclosures

11

Item 5  

Other Information

11

Item 6      

Exhibits

11


Signatures

12




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ARMA SERVICES, INC.

Condensed Balance Sheets (Unaudited)

ASSETS


July 31, 2017


October 31, 2016


Current Assets



Checking/Savings

$

1,732 

$

4,295 

Total Current Assets

1,732 

4,295 




Total Assets

$

1,732 

$

4,295 




LIABILITIES AND STOCKHOLDERS EQUITY (DEFICIT)



Current Liabilities



Accrued expenses

$

$

6,931 

Loan from director

5,992 

5,992 

Total  Current Liabilities

5,992 

12,923 




Total  Liabilities

5,992 

12,923 




Stockholders Equity



Common stock, par value $0.001; 75,000,000 shares authorized, 6,240,000 and 4,420,000 shares issued and outstanding

6,240 

4,420 

Additional paid in Capital

20,160 

3,780 

Accumulated deficit

(30,660)

(16,828)




Total Stockholders Equity (Deficit)

(4,260) 

(8,628)




Total Liabilities and Stockholders Equity

$

1,733 

$

4,295 






 

 

January 31, 2019

(Unaudited)

 

 

October 31, 2018

(Audited)

 

ASSETS

 

 

 

 

 

Checking/Savings

2,657

(13)  

Total Assets

$ 2,657

$ (13)

 

LIABILITIES

 

 

 

 

 

Accounts Payable

$ 5,000

$ 5,000

Director loan

13,043

9,343

Accrued Expenses

1,650

1,650

Total current liabilities

19,693

15,993

Common stock, $0.0001 par value, 75,000,000 shares authorized;
6,240,000 shares issued and outstanding

6,240

6,240

Additional paid-in-capital

20,160

20,160  

Accumulated deficit

(43,436)

(42,406)

Total Stockholders’ Equity

(17,036)

(16,006)

 

 

 

Total Liabilities and Stockholders’ Equity

$ 2,657

$ (13)




See

The accompanying notes to condensed unauditedare an integral part of these financial statements.





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ARMA SERVICES, INC.

Condensed Statements of Operations

(Unaudited)

 

 

For the three months ended

January 31, 2019

For the three months ended

January 31, 2018

 

 

 

 

Revenue

-

-

 

 

 

General and administrative expenses

1,030

308

 

 

 

Net income (loss) from operations

(1,030)

(308)

Income (Loss) before taxes

(1,030)

(308)

 

 

 

Provision for taxes

 

 

 

-

-

Net income (loss)

(1,030)

(308)

 

 

 

Loss per common share:, Basic and Diluted

$ (0.00)

$ (0.00)

 

 

 



Three months

ended

July 31, 2017

Three months

ended

July 31, 2016

Nine months

ended

July 31, 2017

Nine months

Ended

 July 31, 2016

REVENUES

 

 

 


Income from Consulting Services

$                       0

$                       0

$                  9,900

$                   5,600






OPEERATING EXPENSES





General and administrative expenses

  28 

  42 

  62 

  142 

Professional fees

  7,211 

  - 

  23,670 

  4,824 

TOTAL OPERATING EXPENSES

  7,239 

  42 

  23,732 

  4,966 






LOSS FROM OPERATIONS

  (7,239)

  (42)

  (13,832)

  634






NET LOSS  

 $       (7,239)

 $       (42)

 $       (13,832)

 $ 634






NET LOSS PER SHARE: BASIC AND DILLUTED

    $          (0.00)*

    $          (0.00)*

    $          (0.00)*


    $           (0.00)*

WEIGHTED AVERAGE  SHARES

  6,240,000 

  4,000,000 

  6,000,220 

  4,000,000 





*Denotes a loss of less than $(0.01) per share.





See accompanying notes to condensed unaudited financial statements.




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ARMA SERVICES, INC.

Condensed Statements of Cash Flows

Weighted Average Number of Common Shares Outstanding:

Basic and Diluted

6,240,000

6,240,000

 (Unaudited)

 

 


Nine months

ended

July 31, 2017

Nine months

ended

July 31, 2016




CASH FLOWS FROM OPERATING ACTIVITIES



Net income (loss)

$

(13,832)

$

634

Changes in operating assets and liabilities



Accrued Expenses

(6,931)

-




Net cash used in operating activities

(20,763)

634




CASH FLOWS PROVIDED BY FINANCIING ACTIVITIES



Capital stock issued for cash

18,200 

-

Net cash flows provided by Financing Activities

18,200 

-







Net Increase (Decrease) in Cash

(2,563) 

634




Cash at the beginning of Period

4,295 

3




Cash at the end of Period

$

1,732 

$

637




SUPPLEMENTAL CASH FLOW INFORMATION:






Interest paid

$

$

-

Income taxes paid

$

$

-





 

SeeThe accompanying notes to condensed unauditedare an integral part of these financial statements.statements




6


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STATEMENT OF CASH FLOWS

 

For the three months ended

January 31, 2019

For the three months ended

June 30, 2018

Operating Activities

 

 

Net income (loss)

$ (1,030)

$ (308)

Accrued Expenses

-

-

Accounts Payable – Related party as per consulting agreement

-

-

Depreciation and Amortization

-

250

 

Net cash provided operating activities

$ (1,030)

$ (58)

Financing Activities

 

 

Director loan

$ 3,700

$ -

Capital Stock

3,700

-

 

Net cash provided by financing activities

$ 3,700

$ -

 

 

 

 

Net increase in cash and equivalents

2,670

(58)

Cash and equivalents at beginning of the period

(13)

(201)

Cash and equivalents at end of the period

2,657

143

ARMA SERVICES, INC.The accompanying notes are an integral part of these financial statements

NOTES TO THE CONDENSED FINANCIAL STATEMENTS (UNAUDITED)

JULY 31, 2017


NOTE 1  ORGANIZATION AND NATUREBASIS OF BUSINESSPRESENTATION

 

Arma Services Inc. (the Company(referred as the “Company”, we“we”, us or our“our”) was incorporated under the laws ofin the State of Nevada and established on September 2, 2014. Arma Services Inc. is a Destination Management Company (DMC(“DMC”), which aims to provide a full range of services in the field of Meeting, Incentive, Conference, and Exhibition (MICE(“MICE”) tourism in Russia for corporate customers from United States, China and internal Russian clients. We plan to create a variety of events for domestic and foreign companies, including; industry conferences and business meetings, dealer conferences for producers, motivational and incentive arrangements for key employees, and to organize participation in exhibitions and forums.


NOTE 2 SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES GOING CONCERN


Basis of Presentation

The accompanying unaudited interim financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information, and with the rules and regulations of the United States Securities and Exchange Commission set forth in Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The unaudited interim financial statements furnished reflect all adjustments (consisting of normal recurring accruals) which are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Unaudited interim results are not necessarily indicative of the results for the full fiscal year. These financial statements should be read in conjunction with the audited financial statements in the Company's Form 10-K for the year ended October 31, 2016 filed on February 24, 2017 and Management's Discussion and Analysis of Financial Condition and Results of Operations. 


Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of; assets and liabilities, 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.


Revenue Recognition

The Company recognizes revenue in accordance with ASC 605-10 when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, prices are fixed or determinable, and collectability is reasonably assured.


Commitments and Contingencies

 Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties, and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

Net Loss per Common Share 

Net loss per common share is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock and potentially outstanding shares of common stock during each period. There were no potentially dilutive shares outstanding as of July 31, 2017 or 2016. As the Company has incurred losses for all periods, the impact of the common stock equivalents would be antidilutive, and therefore, are not included in the calculation.



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Recent Accounting Pronouncements

The Company does not anticipate any recently released accounting standards pronouncements to have a significant impact on reported financial position or results of operations in these or future financial statements.


NOTE 3 GOING CONCERN

 

The accompanying financial statements have been prepared in conformity with generally accepted accounting principle,principles, which contemplate continuation of the Company as a going concern. However, the Company had limitedno revenues asduring the three months ended January 31, 2019 and has an accumulated deficit of July 31, 2017.$43,436. The Company currently has limitednegative working capital, and has not completed its efforts to establish a stabilized source of revenues sufficient to cover operating costs over an extended period of time.

Management anticipates that These factors raise substantial doubt about the ability of the Company will be dependent, for the near future, on additional investment capital to fund operating expenses. The Company intends to position itself so that it may be able to raise additional funds through the capital markets. In light of managements efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.


NOTE 4  REVENUE


In addition  These financial statements do not include any adjustments related to two existing service contracts with Gazetny LLCthe recovery or classification of assets or the amounts and Proekta LLC, in Marchclassifications of 2017, Arma Services secured additional agreements with Informed Intercontinental, Corp. The Company has not generated any revenues inliabilities that might be necessary should the three months ended July 31, 2017. In the nine months ended July 31, 2017, the Company generated revenues of $9,000 from organizing two exhibitions for clients in Moscow and Rostov on Don, Russian Federation. The Company has also generated $900 from hostingcompany be unable to continue as a corporate event, on a lesser scale, for another client in April of 2017. The total revenues generated in the three and nine months ended July 31, 2016 were $0 and $5,600 respectively.going concern

 

NOTE 5 3 LOANS FROM DIRECTORSUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

 

In supportBasis of Presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America.


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The Company’s year-end is October 31.

Development Stage Company

The Company is a development stage company as defined in ASC 915 “Development Stage Entities.”. The Company is devoting substantially all of its efforts on establishing the business and its planned principal operations have not commenced. All losses accumulated since inception have been considered as part of the Company's development stage activities.

The Companys efforts has elected to adopt application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. Upon adoption, the Company no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915.

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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company has $2,657 cash requirements, itas of January 31, 2019.

Property, Plant and Equipment

The Company records depreciation and amortization when appropriate using straight-line balance method over the estimated useful life of the assets. The estimated useful lives as follows:

Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriated accounts and the resultant gain or loss is included in net income.We evaluate the recoverability of our long-lived assets whenever changes in circumstances or events may rely on advances from related parties until such timeindicate that the Company can support its operations or attains adequate financing through salescarrying amounts may not be recoverable. An impairment loss is recognized in the event the carrying value of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders.  Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.  the assets exceeds the future undiscounted cash flows attributable to such assets.

 

AsFair Value of July 31, 2017,Financial Instruments

AS topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the Company had ainputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:

defined as observable inputs such as quoted prices in active markets;

Level 2:

defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3:

defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company’s loan outstanding withfrom shareholder approximates its fair value due to their short-term maturity.

Income Taxes

Income taxes are computed using the Companys sole director, Mr. Sergey Gandin inasset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of $5,992. The loan is non-interest bearing, due upon demand, and unsecured. deferred tax assets that, based on available evidence, are not expected to be realized.


NOTE Basic Income (Loss) Per Share


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The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Recent Accounting Pronouncements

Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements.

Note 4 PROPERTY, PLANT AND EQUIPMENT

Note 5 – COMMON STOCK


The Company has 75,000,000, $0.001$0.0001 par value shares of common stock authorized. During the nine month period ended July 31, 2017, the Company sold 1,820,000

6,240,00 shares of common stock for $18,200. As of July 31, 2017, the Company had 6,240,000 shares issued and outstanding.outstanding as of January 31, 2019 .

 

NOTE 7 Note 6 COMMITMENTS AND CONTINGENCIES

 

The Company neither owns nor leases any real or personal property. An officer has provided office services without charge. There is no obligation for the officer to continue this arrangement. Such costs are immaterial to the financial statements and accordingly are not reflected herein. The officers and directors are involved in other business activities and most likely will become involved in other business activities in the future.

 

NOTE 8 Note 7 SUBSEQUENT EVENTS

 



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In accordance with ASC 855, the Company has analyzed its operations subsequent to JulyJanuary 31, 20172019 to the date these financial statements were issued and concluded there are no material subsequent events to disclose in these financial statements.



FORWARD LOOKING STATEMENTS


Statements madeIn December 2019, a novel strain of coronavirus (COVID-19) emerged in this Form 10-Q that are not historical or current facts are "forward-looking statements" made pursuantWuhan, Hubei Province, China. While initially the outbreak was largely concentrated in China and caused significant disruptions to its economy, it has now spread to several other countries and infections have been reported globally. Director and management stay informed about COVID-19 developments generally and ensure it has access to information related to a company’s response to the safe harbor provisions of Section 27A ofcrisis and how the Securities Act of 1933 (the "Act") and Section 21E ofspecific impact on the Securities Exchange Act of 1934. These statements often can be identified bycompany is developing as the use of terms such as "may," "will," "expect," "believe," "anticipate," "estimate," "approximate" or "continue," or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management's best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.crisis extends.




ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION




EMPLOYEES AND EMPLOYMENT AGREEMENTS


At present, we have no employees other than our officer and director.  We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future.  There are presently no personal benefits available to any officers, directors or employees.



Results of Operation


Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.


Three and Nine Months Period Ended July 31, 2017 and 2016


Our net loss for the three months period ended July 31, 2017 was $7,239 compared to a net loss of $42 for the three months ended July 31, 2016.  Our net loss for the nine months period ended July 31, 2017 was $13,832 compared to a net income of $634 for the nine months period ended July 31, 2016.  During the nine months periods ended July 31, 2017, we have generated income from Consulting Services and secured additional agreements with Informed Intercontinental, Corp. These generated revenues in amounts of $4,000 and $5,000 from organizing two exhibitions for the client in Moscow and Rostov on Don, Russian Federation. The Company has also earned $900 for hosting a corporate event, on a lesser scale, for Informed Intercontinental Corp in April this year. In the three and nine months ended July 31, 2016, the Company generated revenues of $0 and $5,600 respectively.   In the nine months ended July 31, 2016, the Company generated revenues of $9,900.   In the three months ending July 31, 2016 and 2017 we have not generated any revenue.  The increase in revenues is due to allocation of capital, time and effort in furtherance of our business. In line with our fully established business plan and plan of operations, company management has investigated



97 | Page


numerous available marketing platforms within its industry and carried out further analysis of the Russian, Chinese and U.S. commercial markets for the type of services Arma Services, Inc. provides.



The weighted average number of shares outstanding was 6,000,220 for the nine months period ended July 31, 2017.

The weighted average number of shares outstanding was 4,000,000 for the nine months period ended July 31, 2016.




Liquidity and Capital Resources


Nine Months Period Ended July 31, 2017  


As at July 31, 2017, our total assets were $1,732 compared to $4,295 as of October 31, 2016. Total assets were comprised of cash and cash equivalents.  As at July 31, 2017, our current liabilities were $5,992 compared to $12,923 as of October 31, 2016. Stockholders equity was deficit $4,260 as of July 31, 2017 compared to a deficit of $8,628 as of October 31, 2016.



Cash Flows from Operating Activities


For the nine months period ended July 31, 2017, we have not generated positive cash flows, our net cash flows used in operating activities was $20,763. For the Nine months period ended July 31, 2016, we have generated positive cash flows from operating activities of $634.


Cash Flows from Investing Activities


We have not generated cash flows from investing activities for the nine months period ended July 31, 2017 and 2016.

Cash Flows from Financing Activities

We generated cash flows from financing activities for the nine months period ended July 31, 2017 of $18,200 from selling common stock for cash.  For the nine months period ended July 31, 2016, we did not generate cash flows from financing activities.


Plan of Operation and Funding


We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.


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



10 | Page


opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.


Off-Balance Sheet Arrangements


As of the date of this Quarterly Report, we do not have any offbalance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.


Going Concern


The independent auditors' review report accompanying our October 31, 2016 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.


ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.


No report required.



ITEM 4. CONTROLS AND PROCEDURES


Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commissions rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuers management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.


An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2017. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the Nine-month period ended July 31, 2017 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.





PART II. OTHER INFORMATION



ITEM 1. LEGAL PROCEEDINGS




11 | Page


Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.



ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS


No report required.


ITEM 3. DEFAULTS UPON SENIOR SECURITIES


No report required.



ITEM 4. MINE SAFETY DISCLOSURES


Not applicable.



ITEM 5. OTHER INFORMATION


No report required.


ITEM 6. EXHIBITS


Exhibits:



31.1 Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).


31.2 Certification of Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).


32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.



SIGNATURES


In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



Arma Services, Inc.


Dated: September 15, 2017

By: /s/ SERGEY GANDIN



SERGEY GANDIN, President and Chief Executive Officer and Chief Financial Officer






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