UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10–Q

(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended OctoberJanuary 31, 20152016

or

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

For the transition period from ____________ to ________________

Commission file number: 333-199582

Bridgewater Platforms Inc.
(Exact name of registrant as specified in its charter)
   
Nevada 33-123170
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
   
78 Shorncliffe Road
Etobicoke, Ontario, Canada M8Z 5K5
(Address of principal executive offices)
 
416-659-8907
(Registrant’s telephone number, including area code)
 
 
(Former name, former address and former fiscal year, if changed since last report)

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

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

Large accelerated filer [  ] Accelerated filer [  ]
   
Non-accelerated filer [  ] Smaller reporting company [X]
(Do not check if a smaller reporting company)  

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

As of December 11, 2015,March 7, 2016 there were 8,333,346 shares of the issuer’s common stock, par value $0.001, outstanding.
BRIDGEWATER PLATFORMS INC.

FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED OCTOBERJANUARY 31, 20152016
TABLE OF CONTENTS

  PAGE
   
 
PART I - FINANCIAL INFORMATION
 
   
Item 1.
Unaudited Financial Statements.
3
   
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations.
9
   
Item 3.
Quantitative and Qualitative Disclosures About Market Risk.
12 13
   
Item 4.
Controls and Procedures.
12 13
   
 
PART II - OTHER INFORMATION
 
   
Item 1.
Legal Proceedings.
13 14
   
Item 1A.
Risk Factors.
13  14
   
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds.
13 14
   
Item 3.
Defaults Upon Senior Securities.
13 14
   
Item 4.
Mine Safety Disclosures.
13 14
   
Item 5.
Other Information.
13 14
   
Item 6.
Exhibits.
14
   
 
SIGNATURES
15
 
Table of Contents
PART I – FINANCIAL INFORMATION
Item 1. Unaudited Financial Statements.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company's 10-K filed with the Securities and Exchange Commission on October 29, 2015. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. The results of operations for the periods presented are not necessarily indicative of the results to be expected for the full year ending July 31, 2016.




BRIDGEWATER PLATFORMS INC.

INDEX TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS

OctoberJanuary 31, 20152016

 Page
  
Consolidated Balance Sheets as of OctoberJanuary 31, 20152016 (Unaudited) and July 31, 2015
 4
  
Consolidated Statements of Operations and Comprehensive Loss for the Three and Six Months Ended OctoberJanuary 31, 20152016 and 20142015  (Unaudited)
 5
  
Consolidated Statement of Cash Flows for the ThreeSix Months Ended OctoberJanuary 31, 20152016 and 20142015 (Unaudited)
 6
  
Notes to the Consolidated Interim Financial Statements (Unaudited)
 7
 
 
3
Table of Contents
BRIDGEWATER PLATFORMS INC.
Consolidated Balance Sheets


 October 31, 2015  July 31, 2015  January 31, 2016  July 31, 2015 
 (Unaudited)    (Unaudited)   
ASSETS        
Current Assets        
Cash and cash equivalents $15,070  $26,253  $8,913  $26,253 
Accounts receivable  13,720   - 
TOTAL ASSETS $28,790  $26,253   8,913   26,253 
                
LIABILITIES AND STOCKHOLDERS' EQUITY        
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)        
Current Liabilities                
Accounts payable and accrued liabilities $7,111  $2,050  $10,228  $2,050 
Other payable  10,000   10,000 
Tax payable  -   10,000 
TOTAL LIABILITIES  17,111   12,050   10,228   12,050 
                
STOCKHOLDERS' EQUITY        
Common stock, par value $0.001, 75,000,000 shares authorized,        
8,333,346 shares issued and outstanding, respectively  8,333   8,333 
STOCKHOLDERS' EQUITY (DEFICIT)        
Common stock, par value $0.001, 75,000,000 shares authorized, 8,333,346 shares issued and outstanding  8,333   8,333 
Additional paid-in capital  63,237   63,237   63,237   63,237 
Accumulated deficit  (58,070)  (56,537)  (71,361)  (56,537)
Accumulated other comprehensive loss  (1,821)  (830)  (1,524)  (830)
TOTAL STOCKHOLDERS' EQUITY  11,679   14,203 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $28,790  $26,253 
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)  (1,315)  14,203 
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $8,913  $26,253 



The accompanying notes are an integral part of these unaudited consolidated financial statements.
BRIDGEWATER PLATFORMS INC.
Consolidated Statements of Operations and Comprehensive Loss
 (Unaudited)

  Three Months Ended  Six Months Ended 
  January 31,  January 31, 
  2016  2015  2016  2015 
         
REVENUES $1,884  $5,518  $19,661  $8,849 
COST OF GOODS SOLD  1,689   2,419   17,168   3,729 
GROSS PROFIT  195   3,099   2,493   5,120 
                 
OPERATING EXPENSES                
General and administrative expenses  7,302   2,445   9,135   5,073 
Professional fees  9,050   5,282   17,115   11,400 
      Total Operating Expenses  16,352   7,727   26,250   16,473 
                 
LOSS BEFORE INCOME TAXES  (16,157)  (4,628)  (23,757)  (11,353)
Income tax recovery  10,000       10,000     
Income tax expense  (1,067)  -   (1,067)  - 
                 
NET LOSS $(7,224) $(4,628) $(14,824) $(11,353)
                 
OTHER COMPREHENSIVE LOSS                
Foreign currency translation adjustments  (682)  (622)  (694)  (634)
TOTAL COMPREHENSIVE LOSS $(7,906) $(5,250) $(15,518) $(11,987)
                 
Basic and Diluted Loss per Common Share $(0.00) $(0.00) $(0.00) $(0.00)
Basic and Diluted Weighted Average Common Shares Outstanding  8,333,346   5,000,000   8,333,346   4,239,130 


  Three Months Ended 
  October 31, 
  2015  2014 
     
REVENUES $19,145  $3,331 
COST OF GOODS SOLD  10,649   1,310 
GROSS PROFIT  8,496   2,021 
         
OPERATING EXPENSES        
General and administrative expenses  1,964   2,628 
Professional fees  8,065   6,118 
      Total Operating Expenses  10,029   8,746 
         
LOSS BEFORE INCOME TAXES  (1,533)  (6,725)
Provision for income taxes  -   - 
         
NET LOSS $(1,533) $(6,725)
         
OTHER COMPREHENSIVE LOSS        
Foreign currency translation adjustments  (991)  (12)
TOTAL COMPREHENSIVE LOSS $(2,524)  (6,737)
         
Basic and Diluted Net loss per Common Share $(0.00) $(0.00)
Basic and Diluted Weighted Average Common Shares Outstanding  8,333,346   3,478,261 

The accompanying notes are an integral part of these unaudited consolidated financial statements.
BRIDGEWATER PLATFORMS INC.
Consolidated Statement of Cash Flows
(Unaudited)

  Six Months Ended 
  January 31, 
  2016  2015 
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $(14,824) $(11,353)
Adjustments to reconcile net loss to net cash used in operating activities:        
   Contributed services  -   5,570 
Changes in operating assets and liabilities:        
   Accounts payable and accrued liabilities  8,178   4,212 
   Other payable  (10,000)  - 
Net cash used in operating activities  (16,646)  (1,571)
         
CASH FLOWS FROM FINANCING ACTIVITIES        
Issuance of common stock for cash  -   5,000 
Net cash provided by financing activities  -   5,000 
         
Effects on changes in foreign exchange rate  (694)  (634)
         
Net increase (decrease) in cash and cash equivalents  (17,340)  2,795 
Cash and cash equivalents - beginning of period  26,253   4,925 
Cash and cash equivalents - end of period $8,913  $7,720 
         
Supplemental Cash Flow Disclosures        
   Cash paid for interest $-  $- 
   Cash paid for income taxes $-  $- 


The accompanying notes are an integral part of these unaudited consolidated financial statements.
BRIDGEWATER PLATFORMS INC.
Consolidated Statement of Cash Flows
(Unaudited)

  Three Months Ended 
  October 31, 
  2015  2014 
     
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $(1,533) $(6,725)
Adjustments to reconcile net loss to net cash used in operating activities:        
   Contributed services  -   3,000 
Changes in operating assets and liabilities:        
   Accounts receivable  (13,720)  (1,372)
   Accounts payable and accrued liabilities  5,061   4,214 
Net cash used in operating activities  (10,192)  (883)
         
         
CASH FLOWS FROM FINANCING ACTIVITIES        
Issuance of common stock for cash  -   5,000 
Net cash provided by financing activities  -   5,000 
         
Effects on changes in foreign exchange rate  (991)  (12)
         
Net increase (decrease) in cash and cash equivalents  (11,183)  4,105 
Cash and cash equivalents - beginning of period  26,253   4,925 
Cash and cash equivalents - end of period $15,070  $9,030 
         
Supplemental Cash Flow Disclosures        
   Cash paid for interest $-  $- 
   Cash paid for income taxes $-  $- 





The accompanying notes are an integral part of these unaudited consolidated financial statements.
BRIDGEWATER PLATFORMS INC.
Notes to the Consolidated Interim Financial Statements
OctoberJanuary 31, 20152016
(Unaudited)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

Bridgewater Platforms Inc. (the "Company") is a Nevada corporation incorporated on May 6, 2014. It is based in Las Vegas, NV, USA, and the Company's fiscal year end is July 31.

On May 20, 2014, the Company incorporated its wholly owned Canadian subsidiary, Bridgewater Construction Ltd. in Etobicoke, Ontario.

The Company intends to develop a modular pool-covering system to install a secure platform each fall that can be walked on and used for whatever purpose the homeowner desires. Each platform will be custom-made from sturdy recycled materials, and when not in use, the company will come back each spring, dissemble, and store the platform at its own secure facility. To date, the Company's activities have been limited to provide construction service to local residents, its formation and the raising of equity capital.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The Financial Statements and related disclosures have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC").  The Financial Statements have been prepared using the accrual basis of accounting in accordance with Generally Accepted Accounting Principles ("GAAP") of the United States.

In the opinion of management, all adjustments consisting of normal recurring entries necessary for a fair statement of the periods presented for: (a) the financial position; (b) the result of operations; and (c) cash flows, have been made in order to make the financial statements presented not misleading.  The results of operations for such interim periods are not necessarily indicative of operations for a full year.  These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto contained in the Company's 10-K filed with the Securities and Exchange Commission on October 29, 2015.
 
Basis of Consolidation

These financial statements include the accounts of the Company and its wholly-owned subsidiary, Bridgewater Construction Ltd., All material intercompany balances and transactions have been eliminated.

ReclassifictionsReclassifications

Certain prior year amounts have been reclassified to conform with the current year presentation.
7
NOTE 3 - GOING CONCERN

The Company's consolidated financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business.  The Company has not established an ongoing source of revenues sufficient to cover its operating cost, and requires additional capital to commence its operating plan. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.  These factors raise substantial doubt about its ability to continue as a going concern.

In order to continue as a going concern, the Company will need, among other things, additional capital resources.  Management's plan to obtain such resources for the Company include: sales of equity instruments; traditional financing, such as loans; and obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.
There is no assurance that the Company will be able to obtain sufficient additional funds when needed or that such funds, if available, will be obtainable on terms satisfactory to the Company. In addition, profitability will ultimately depend upon the level of revenues received from business operations.  However, there is no assurance that the Company will attain profitability. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

NOTE 4 – TAX PAYABLE

During the period ended January 31, 2016, the Internal Revenue Service of the United State waived $10,000 penalty previous charged on late corporate tax filing of the Company’s subsidiary. This $10,000 was originally recorded as other expenses for the year ended July 31, 2015 and was recorded as income tax recovery during the period ended January 31, 2016.

NOTE 45 – RELATED PARTY TRANSACTIONS

During the three monthsperiod ended OctoberJanuary 31, 2015,2016, the Company paid $6,661 to a company owned by its shareholder for labor service and recorded as cost of goods sold.sold of $3,433 and management fee of $5,651. There is no balance due to this shareholder at January 31, 2016.

NOTE 56 – MAJOR CUSTOMER

During the three months Octoberperiod ended January 31, 2015,2016, the Company has revenue of $15,171 from one customer for a landscaping project provided by the Company which is approximately 80% of total revenue.

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

Forward-Looking Statements

Except for historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words “expects,” “anticipates,” “intends,” “believes” and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed herein as well as in the “Description of Business - Risk Factors” section in our Prospectus on Form424B(2), as filed on February 24, 2015.  You should carefully review the risks described in in our Prospectus and in other documents we file from time to time with the Securities and Exchange Commission (“SEC”). You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

All references in this Form 10-Q to the “Company,” “Bridgwater,” “we,” “us,” or “our” are to Bridgewater Platforms Inc.

Corporate Overview

Bridgewater Platforms Inc. was incorporated in the State of Nevada on May 6, 2014.  Bridgewater Platforms Inc., incorporated a wholly owned subsidiary in the Province of Ontario, Canada on May 20, 2014, called Bridgewater Construction Ltd.  The company’s address is 78 Shorncliffe Road, Etobicoke, Ontario, Canada M8Z 5K5.  Our telephone number is 416-659-8907.

Bridgewater Platforms' wholly owned subsidiary, Bridgewater Construction Ltd. operates as a landscape design and construction services business.  The Company currently offers landscaping and minor construction services and intends to expand its business and to develop a new outdoor pool covering product and service that will help northern cold-climate homeowners solve the dilemma of what to do with their pools over the fall, winter, and spring months when pool use is not possible.

The following discussion of our financial condition and results of operations should be read in conjunction with our financial statements for the period ended OctoberJanuary 31, 2015,2016, together with notes thereto, which are included in this report.

Results of Operations

The following table provides selected financial data about our company as of OctoberJanuary 31, 20152016 and July 31, 2015.

  October 31, 2015  July 31, 2015 
Cash and cash equivalents $15,070  $26,253 
Total assets $28,790  $26,253 
Total liabilities $17,111  $12,050 
Stockholders' equity $11,679  $14,203 
  January 31, 2016  July 31, 2015 
Cash and cash equivalents $8,913  $26,253 
Total assets $8,913  $26,253 
Total liabilities $10,228  $12,050 
Stockholders' equity (Deficit) $(1,315) $14,203 
 
Three months ended January 31, 2016 and 2015

The following table provides the results of operations for the three months ended OctoberJanuary 31, 20152016 and 2014:2015:

 Three Months Ended  Three Months Ended 
 October 31,  January 31, 
 2015  2014  2016  2015 
        
REVENUES $19,145  $3,331  $1,884  $5,518 
COST OF GOODS SOLD  10,649   1,310   1,689   2,419 
GROSS PROFIT  8,496   2,021   195   3,099 
                
OPERATING EXPENSES                
General and administrative expenses  1,964   2,628   7,302   2,445 
Professional fees  8,065   6,118   9,050   5,282 
Total Operating Expenses  10,029   8,746   16,352   7,727 
                
LOSS BEFORE INCOME TAXES  (1,533)  (6,725)  (16,157)  (4,628)
Provision for income taxes  -   - 
Income tax recovery  10,000   - 
Income tax expense  (1,067)  - 
                
NET LOSS $(1,533) $(6,725) $(7,224) $(4,628)
                
OTHER COMPREHENSIVE LOSS                
Foreign currency translation adjustments  (991)  (12)  (682)  (622)
TOTAL COMPREHENSIVE LOSS $(2,524)  (6,737) $(7,906) $(5,250)

For the three months ended OctoberJanuary 31, 20152016 and 2014,2015, our revenues were $19,145$1,884 and $3,331,$5,518, respectively; our cost of goods sold was $10,649$1,689 and $1,310,$2,419, respectively; and our gross profit was $8,496$195 and $2,021,$3,099, respectively.  The majority of the decrease in revenues was due to fewer projects incurred during the three months ended January 31, 2016 than 2015.

For the three months ended January 31, 2016 and 2015, our operating expenses were $16,532 and $7,727, respectively; our net operating loss was $16,157 and $4,628, respectively. Our operating expenses were primarily composed of professional fees related to regulatory filing requirements.

During the three months ended January 31, 2016, the Internal Revenue Service of the United State waived $10,000 penalty previous charged on late corporate tax filing of the Company’s subsidiary. This $10,000 was originally recorded as other expenses for the year ended July 31, 2015 and was recorded as income tax recovery during the period ended January 31, 2016.

For the three months ended January 31, 2016 and 2015, other comprehensive loss was $682 and $622, respectively and our total comprehensive loss was $7,906 and $5,250, respectively.
Six months ended January 31, 2016 and 2015

The following table provides the results of operations for the six months ended January 31, 2016 and 2015:

  Six Months Ended 
  January 31, 
  2016  2015 
     
REVENUES $19,661  $8,849 
COST OF GOODS SOLD  17,168   3,729 
GROSS PROFIT  2,493   5,120 
         
OPERATING EXPENSES        
General and administrative expenses  9,135   5,073 
Professional fees  17,115   11,400 
      Total Operating Expenses  26,250   16,473 
         
LOSS BEFORE INCOME TAXES  (23,757)  (11,353)
Income tax recovery  10,000   - 
Income tax expense  (1,067)  - 
         
NET LOSS $(14,824) $(11,353)
         
OTHER COMPREHENSIVE LOSS        
Foreign currency translation adjustments  (694)  (634)
TOTAL COMPREHENSIVE LOSS $(15,518) $(11,987)

For the six months ended January 31, 2016 and 2015, our revenues were $19,661 and $8,849, respectively; our cost of goods sold was $17,168 and $3,729, respectively; and our gross profit was $2,493 and $5,120, respectively.  The majority of the increase in revenues was related to one landscaping project and the increase in cost of goods sold and gross profit was related to the increased revenue for that project.

For the threesix months ended OctoberJanuary 31, 20152016 and 2014,2015, our operating expenses were $10,029$26,250 and $8,746,$16,473, respectively; our net operating loss was $1,533$23,757 and $6,725, respectively; other comprehensive loss was $991 and was $12, respectively and our total comprehensive loss was $2,524 and $6,737,$11,353, respectively.

Our operating expenses were primarily composed of professional fees related to regulatory filing requirements.

During the six months ended January 31, 2016, the Internal Revenue Service of the United State waived $10,000 penalty previous charged on late corporate tax filing of the Company’s subsidiary. This $10,000 was originally recorded as other expenses for the year ended July 31, 2015 and was recorded as income tax recovery during the period ended January 31, 2016.

For the six months ended January 31, 2016 and 2015, other comprehensive loss was $694 and $634, respectively and our total comprehensive loss was $15,518 and $11,987, respectively.

Limited Operating History; Need for Additional Capital

There is no historical financial information about us on which to base an evaluation of our performance.   We cannot guarantee we will be successful in our business operations.  Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources, possible delays in developing our website, and possible cost overruns due to the price and cost increases in supplies and services.

While the officers and directors have generally indicated a willingness to provide services and financial contributions if necessary, there are presently no agreements, arrangements, commitments, or specific understandings, either verbally or in writing, between the officers and directors and Bridgewater Platforms. 
If we are unable to meet our needs for cash from either the money that we raise from future financings, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.
 
We have no plans to undertake any product research and development during the next twelve months.  There are also no plans or expectations to acquire or sell any plant or plant equipment in the first year of operations.

We anticipate that we will need $30,000 to fund the next 12 months of our operations. If we are unable to meet our needs for cash from either the cash flows from operations, money that we raise from our current offering or future financings, or possible alternative sources, then we may be unable to continue, develop, or expand our operations.  We currently do not have sufficient funds to operate our business for the next 12 months.

Liquidity and Capital Resources

Working Capital

 October 31, 2015  July 31, 2015  January 31, 2016  July 31, 2015 
Current Assets $28,790  $26,253  $8,913  $26,253 
Current Liabilities  17,111   12,050   10,228   12,050 
Working Capital $11,679  $14,203  $(1,315) $14,203 

Cash Flows

Three Months Ended Six Months Ended 
October 31, January 31, 
2015 2014 2016 2015 
Cash used in operating activities $(10,192) $(883) $(16,646) $(1,571)
Cash provided by investing activities $-  $-  $-  $- 
Cash provided by financing activities $-  $5,000  $-  $5,000 
Cash and cash equivalents on hand $15,070  $9,030  $8,913  $7,720 

As at OctoberJanuary 31, 2015,2016, our company’s cash balance was $15, 070$8,913 compared to $26,253 as at July 31, 2015. The decrease in cash was primarily due to cash used in operating expenses.

As at OctoberJanuary 31, 2015,2016, our company had total liabilities of $17,111$10,228 compared with total liabilities of $12,050 as at July 31, 2015. The increase in total liabilities was due to increase of accounts payable was offset by the decrease of tax payable. During the period ended January 31, 2016, the Internal Revenue Service of the United State waived $10,000 tax penalty payable previous levied on late corporate tax filing of the Company’s subsidiary.

As at OctoberJanuary 31, 2015,2016, our company had working capital deficiency of $11,679$1,315 compared with working capital of $14,203 as at July 31, 2015. The decrease in working capital was primarily attributed to increase of accounts payable.

Cash Flow from Operating Activities

During the three monthsperiod ended OctoberJanuary 31, 20152016 and 2014,2015, our company used $10,192$16,646 and $883$1,571 in cash from operating activities, respectively.

Cash Flow from Investing Activities

During the three monthsperiod ended OctoberJanuary 31, 20152016 and 2014,2015, our company used $nil cash for investing activities.
Cash Flow from Financing Activities

During the three monthsperiod ended OctoberJanuary 31, 2015,2016, our company used $nil cash in financing activities. During the three monthsperiod ended OctoberJanuary 31, 2014,2015, our company received $5,000 cash proceeds from the sale of our common stock.

Going Concern

Our auditors have issued a going concern opinion on our year-end consolidated financial statements ended July 31, 2015. This means that there is substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay for our expenses.  This is because we have generated limited revenues and have limited operating history. There are no assurances that we will be able to obtain additional financing through either private placements, bank financing or other loans necessary to support our working capital requirements.  To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, we will have to raise additional working capital.  No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to us.

Off-Balance Sheet Arrangements

We do not have any off-balance 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 is material to investors.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 4.  Controls and Procedures.

Management’s Report on Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president (our principal executive officer, principal financial officer and principal accounting officer) to allow for timely decisions regarding required disclosure.

As of the end of the quarter covered by this report, we carried out an evaluation, under the supervision and with the participation of our president (our principal executive officer, principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president (our principal executive officer, principal financial officer and principal accounting officer) concluded that our disclosure controls and procedures were not effective as of the end of the period covered by this quarterly report due to our limited member of officers and members of the Board of Directors.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during the quarter ended OctoberJanuary 31, 2015,2016, that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.
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PART II – OTHER INFORMATION

Item 1.  Legal Proceedings.

We know of no material, existing or pending legal proceedings against our Company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered beneficial shareholder, is an adverse party or has a material interest adverse to our interest.

Item 1A.  Risk Factors.

As a “smaller reporting company”, we are not required to provide the information required by this Item.

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

We did not issue unregistered equity securities during the quarter ended OctoberJanuary 31, 2015.2016.

Item 3.  Defaults Upon Senior Securities.

None.

Item 4.  Mine Safety Disclosures.

Not applicable.

Item 5.  Other Information.

None.

Item 6.  Exhibits.

Exhibit Number Description of Exhibit
31.1 
Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer
32.1 
Section 1350 Certification of Chief Executive Officer and Chief Financial Officer.
101* Interactive Data File (Form 10-Q for the period ended OctoberJanuary 31, 20152016 furnished in XBRL).
101.INS
101.SCH
101.CAL
101.DEF
101.LAB
101.PRE
 
XBRL Instance Document
XBRL Taxonomy Extension Schema Document
XBRL Taxonomy Extension Calculation Linkbase Document
XBRL Taxonomy Extension Définition Linkbase Document
XBRL Taxonomy Extension Label Linkbase Document
XBRL Taxonomy Extension Presentation Linkbase Document
 
*Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under these sections.
 

SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.

 
BRIDGEWATER PLATFORMS INC.
 
 (Registrant) 
   
   
Dated: December 14, 2015March 10, 2016/s/ Emanuel Oliveira 
 Emanuel Oliveira 
 President, Chief Executive Officer, Chief Financial Officer 
 (Principal Executive, Financial and Accounting Officer) 
   
 
 
 
 
 
 
 
 
 
 
 
 
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