UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
 
FORM 10-Q
 
[X] Quarterly report pursuant section 13 or 15(d) of the Securities Exchange Act of 1934
For the quarterly period ended June 30, 2018
 
[_] Transition report pursuant section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from ________________to ________________
 
Tech Central, Inc.
(Name of small business issuer in its charter)
  
Wyoming
(State or other jurisdiction of incorporation)
333-212438
(Commission File Number)
46-5642819
(IRS Employer Identification No.)
 
Tech Central Inc
Abundance Building
43537 Ridge Park Drive
Temecula CA 92590
855-998-4710
(Address and telephone number of registrant's principal executive offices and principal place of business)

Check whether the issuer (1) 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 [_]
 
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 (ss.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 shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [_] No [X]
 
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.

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

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 [X]
 
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
 
Class
Outstanding at August 15, 2018
Common Stock, $0.001 par value per share
18,836,250

TECH CENTRAL, INC.
TABLE OF CONTENTS
INDEX
  
 
 
 
Part I.
Financial Information
 
 
 
 
Item 1.
Financial Statements
3
 
 
 
Item 2.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
10
 
 
 
Item 3.
Quantitative and Qualitative Disclosures About Market Risk
13
 
 
 
Item 4.
Controls and Procedures
13
 
 
 
Part II.
Other Information
 13
 
 
 
Item 1.
Legal Proceedings
13
 
 
 
Item 2.
Unregistered Sales of Equity Securities and Use of Proceeds
13
 
 
 
Item 3.
Defaults upon Senior Securities
13
 
 
 
Item 4.
Mine Safety Disclosures
13
 
 
 
Item 5.
Other Information
13
 
 
 
Item 6.
Exhibits
 13
 
 
 
Signatures
 
14
 

 
2

FINANCIAL STATEMENTS
TECH CENTRAL, INC.
TABLE OF CONTENTS
 
 
Table of Contents to Financial Statements
 
Balance Sheets as of December 31, 2017(Audited) and June 30, 2018 (Unaudited)  
3
Statements of Operations for the Periods Ended June 30, 2018 and June 30, 2017 (Unaudited)  
4
Statements of Cash Flows for the Periods Ended June 30, 2018 and June 30, 2017 (Unaudited)  
5
Notes to the Financial Statements
6 - 8 
 

3

TECH CENTRAL, INC.
BALANCE SHEETS
June 30, 2018 and December 31, 2017

   
June 30, 2018
(Unaudited)
   
December 31, 2017
(Audited)
 
             
Assets
           
Current Assets
           
Cash
 
$
3,004
   
$
5,616
 
Accounts Receivable, net
   
28,200
     
10,500
 
Total Current Assets
   
31,204
     
16,116
 
 
               
Other Assets
               
Film Equipment, net
   
10,157
     
12,446
 
Total Other Assets
   
10,157
     
12,446
 
 
               
Total Assets
 
$
41,361
   
$
28,562
 
 
               
Liabilities And Stockholders' Equity (Deficit)
               
 
               
Current Liabilities
               
Accounts payable
 
$
10,950
   
$
2,600
 
Accounts Payable Related Party
   
10,000
         
Total Current Liabilities
   
20,950
     
2,600
 
 
               
Total Liabilities
   
20,950
     
2,600
 
 
               
Commitments &  Contingencies
   
-
     
-
 
 
               
Stockholders' Equity (Deficit)
               
 
               
Common stock $0.001 par value 75,000,000 shares authorized 8,836,250 shares issued and outstanding at June 30, 2018, and 8,836,250 shares issued and outstanding at December 31, 2017
   
8,837
     
8,837
 
Paid in Capital
   
51,988
     
51,988
 
Accumulated Deficit
   
(40,414
)
   
(34,863
)
Total Stockholders' Equity (Deficit)
   
20,411
     
25,962
 
 
               
Total Liabilities and
               
Stockholders' Equity (Deficit)
 
$
41,361
   
$
28,562
 
 
               
See accompanying notes to financial statements.
4

TECH CENTRAL, INC.
Statements of Operations
June 30, 2018 and June 30 2017
Unaudited

 
 
Three Months ended
June 30, 2018
   
Three Months Ended
June 30, 2017
   
Six Months Ended
June 30, 2018
   
Six Months Ended
June 30, 2017
 
 
 
(Unaudited)
   
(Unaudited)
   
(Unaudited)
   
(Unaudited)
 
Revenue
                       
Sales
 
$
19,500
   
$
15,500
     
24,700
   
$
25,500
 
Total Revenue
   
19,500
     
15,500
     
24,700
     
25,500
 
 
                               
                                 
Cost of Goods Sold
   
-
     
-
     
-
     
-
 
 
                               
Gross Profit
   
19,500
     
15,500
     
24,700
     
25,500
 
 
                               
Operating Expenses
                               
Depreciation and amortization
   
1,144
     
1,144
     
2,288
     
2,288
 
Computer and Internet
   
-
     
-
     
-
     
849
 
Production Expense
   
-
     
25,000
     
-
     
25,000
 
Photography-Flyers-printing
   
-
     
1,199
     
-
     
1,199
 
Set Building Expense
   
-
     
1,877
     
-
     
1,877
 
Consulting Fees
   
11,000
     
2,500
     
11,000
     
7,500
 
Professional Fees
   
4,037
     
4,547
     
14,134
     
13,378
 
Film Work
   
-
     
2,100
     
-
     
2,100
 
Marketing Expense & Advertising
   
-
     
(3,900
)
   
599
     
2,000
 
Rent Expense
   
100
     
225
     
250
     
375
 
General & Administrative
   
475
     
2,864
     
1,980
     
5,449
 
                                 
Total Expenses
   
16,756
     
37,556
     
30,251
     
62,015
 
 
                               
Net Operating Income/Loss
   
2,744
     
(22,056
)
   
(5,551
)
   
(36,515
)
 
                               
Other Income/Expense
                               
   Income taxes
   
-
     
(3,308
)
   
-
     
(5,477
)
Total other income/Expense
           
(3,308
)
           
(5,477
)
 
                               
Net Income
 
$
2,744
   
$
(18,748
)
 
$
(5,551
)
 
$
(31,038
)
 
                               
Basic and Diluted Loss Per Common Share
 
$
0.00
   
$
0.00
     
0.00
   
$
0.00
 
 
                               
Weighted Average Shares Outstanding
   
8,836,250
     
8,836,250
     
8,836,250
     
8,836,250
 
 
                               
See accompanying notes to financial statements.
5

TECH CENTRAL, INC.
Statements of Cash Flows
June 30, 2018 and June 30, 2017

 
 
June 30,
   
June 30,
 
 
 
2018
(Unaudited)
   
2017
(Unaudited)
 
Cash Flows from Operating Activities
           
Net Income (loss)
 
$
(5,551
)
 
$
(31,038
)
 
               
Adjustments to Reconcile Net Loss To Net Cash Provided by (Used In) Operating Activities:
               
Accounts receivable
   
(17,700
)
   
29,000
 
Accounts payable
   
8,350
     
(1,359
)
Accounts Payable Related Party
   
10,000
     
-
 
Income Tax Payable
   
-
     
(5,477
)
Accumulated depreciation
   
2,288
     
2,288
 
Net Cash Provided by (used in) Operating Activities
   
(2,613
)
   
(6,586
)
                 
Increase (Decrease) in Cash
   
(2,613
)
   
(6,586
)
 
               
Cash at Beginning of Period
   
5,617
     
41,592
 
 
               
Cash at End of Period
 
$
3,004
   
$
35,006
 
  Supplemental Cash Flow information
               
Cash paid for Interest
 
$
—
   
$
—
 
 
               
Cash paid for income taxes
 
$
—
   
$
—
 
 
See accompanying notes to financial statements.
6

TECH CENTRAL, INC.
NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIODS ENDED JUNE 30, 2018 AND 2017
 
Note 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 
A summary of the significant accounting policies applied in the preparation of the accompanying financial statements follows.

BUSINESS AND BASIS OF PRESENTATION
Tech Central, Inc. ("TC") was incorporated under the laws of the State of Wyoming on April 28, 2014.
TC was formed as a Media Company engaging in online video and photography content development and distribution; and website and mobile app technology integration design and development.

BASIS OF PRESENTATION
The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC") and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company as of June 30, 2018 and December 31, 2017.

ESTIMATES
The preparation of the financial statement in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts. Accordingly, actual results could differ from those estimates.

CASH AND CASH EQUIVALENTS
The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents as of June 30, 2018 and December 31, 2017.

PROPERTY AND EQUIPMENT
The Company values its investment in property and equipment at cost less accumulated depreciation. Depreciation is computed primarily by the straight-line method over the estimated useful lives of the assets ranging from three to five years.

INVENTORY
  Inventory is recorded at lower of cost or market; cost is computed on a first-in first-out basis.  The company had no inventory as of June 30, 2018 and December 31, 2017.

ACCOUNTS RECEIVABLE AND REVENUE
Revenue consists substantially of fees earned from movies and videos that we have interests in and commercial video work. In accordance with ASC 606 we recognize revenue when we satisfy each performance obligation by transferring control of the promised goods or services to our customers. We recognize revenue from a sale or licensing arrangement of a film when we have transferred control of the licensing right to our customer; We recognize revenue from commercial video services rendered when we have transferred control of the commercial video work completed to our customer. Receivables past due for more than 120 days are considered delinquent. Management determines uncollectible accounts by regularly evaluating individual customer receivables and considering a customer's financial condition, credit history, and current economic conditions and by using historical experience applied to an aging of accounts. Recoveries of trade receivables previously written off are recorded when received.  The June 30, 2018 and December 31, 2017 allowance was determined to be $20,000
 
 
7
 
 
  FAIR VALUE OF FINANCIAL INSTRUMENTS AND DERIVATIVE FINANCIAL INSTRUMENTS
We have adopted Accounting Standards Codification regarding Disclosure About Derivative Financial Instruments and Fair Value of Financial Instruments. The carrying amounts of cash, accounts payable, accrued expenses, and other current liabilities approximate fair value because of the short maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments in the management of foreign exchange, commodity price or interest rate market risks.

FEDERAL INCOME TAXES
Deferred income taxes are reported for timing differences between items of income or expense reported in the financial statements and those reported for income tax purposes in accordance with Accounting Standards Codification regarding Accounting for Income Taxes, which requires the use of the asset/liability method of accounting for income taxes. Deferred income taxes and tax benefits 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 for tax loss and 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 taxes are provided for the estimated future tax effects attributable to temporary differences and carryforwards when realization is more likely than not.

NET INCOME PER SHARE OF COMMON STOCK
We have adopted Accounting Standards Codification regarding Earnings per Share, which requires presentation of basic and diluted EPS on the face of the income statement for all entities with complex capital structures and requires a reconciliation of the numerator and denominator of the basic EPS computation to the numerator and denominator of the diluted EPS computation. In the accompanying financial statements, basic earnings per share of common stock is computed by dividing net income by the weighted average number of shares of common stock outstanding during the period. We do not have a complex capital structure requiring the computation of diluted earnings per share.

IMPAIRMENT OF LONG-LIVED ASSETS
The Company evaluates the recoverability of long-lived assets and the related estimated remaining lives at each balance sheet date. The Company records an impairment or change in useful life whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed.

STOCK BASED COMPENSATION
The Company recognizes stock-based compensation in accordance with ASC Topic 718 "Stock Compensation", which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees and directors including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values. For non-employee stock-based compensation, we have adopted ASC Topic 505 "Equity-Based Payments to Non-Employees", which requires stock-based compensation related to non-employees to be accounted for based on the fair value of the related stock or options or the fair value of the services on the grant date, whichever is more readily determinable in accordance with ASC Topic 718.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
We have adopted ASC 606, Revenue from Contracts with Customers, which provides accounting guidance related to revenue from contracts with customers. As of June 30, 2018, and December 31, 2017, the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations.
 
 
8
 
Note 2 - Uncertainty, going concern

The Company's financial statements are prepared using generally accepted accounting principles 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 yet established an ongoing source of revenues sufficient to cover its operating costs to allow it to continue as a going concern. As of June 30, 2018, the Company had accumulated deficit of $40,414. As of December 31, 2017, the Company had accumulated deficit of $34,863. 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.
In order to continue as a going concern, the Company will need, among other things, additional capital resources. The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital. The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts for amounts and classification of liabilities that might result from this uncertainty.

Note 3- Equipment

Equipment
 
June 30.
2018
   
December 31,
2017
 
Equipment
 
$
22,884
   
$
22,884
 
Accumulated Depreciation
   
(12,727
)
   
(10,438
)
Net Equipment
 
$
10,157
   
$
12,446
 
 
               

The Company purchased film equipment for $22,884, which is comprised of video, lighting and editing equipment. The depreciation expense for June 30, 2018 was $2,288 and for June 30, 2017, $2,288.

Note-4 - Commitments and Contingencies

We have an employment agreement with our President Joe Lewis whereby he has agreed to take a salary when he has determined the Company has enough capital to pay a salary. At the quarter ended June 30, 2018 Joe Lewis had a payable of $10,000 for his services. No salary was paid 2017. At June 30, 2018 and 2017 there was no accrual of salaries.

Note 5 - Related Party Transactions

On July 3, 2018, Joe Lewis, CEO was issued 10,000,000 shares of restricted common stock for his services which was accrued on the balance sheet as accounts payable for the quarter ended June 30, 2018.

Note 6 – Common Stock

At the quarter ended June 30, 2018 the Company had 8,836,250 shares issued and outstanding. There were no common stock issuances during 2018 and 2017.

Note 7 – Subsequent Events

Management has reviewed events between June 30, 2018 to the date that the financials were available to be issued, and there were no significant events identified for disclosure except as identified below .

On July 3, 2018, Joe Lewis, CEO was issued 10,000,000 shares of restricted common stock for his services for the quarter ended June 30, 2018.
 
 
9
 
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Forward Looking Statements
This "Management's Discussion and Analysis of Financial Condition and Results of Operations" (MD&A) is intended to provide an understanding of our financial condition, change in financial condition, cash flow, liquidity and results of operations. The following MD&A discussion should be read in conjunction with the financial statements and notes to those statements that appear elsewhere in this Form 10-Q and in the Company's Annual Report on Form 10-K. The following discussion contains forward-looking statements that reflect the Company's plans, estimates and beliefs. The Company's actual results could differ materially from those discussed or referred to in the forward-looking statements. Factors that could cause or contribute to any differences include, but are not limited to, those discussed under the caption "Forward-Looking Information and Factors That May Affect Future Results" and under Part I, Item 1A, of the Company's Annual Report on Form 10-K under the heading "Risk Factors."

GENERAL
 
We were incorporated in Wyoming on April 28, 2014 and we have elected, for the purpose of filing our Registration Statement with the SEC and preparing our audit, December 31 as our fiscal year end.
 
We are a full-service multi-media Company with a multi operational approach focusing on Online video and photography content development and distribution and Website and mobile app technology integration design and development. Websites are a unique mix of textual content, photos, sometimes video and often times apps, which are designed as plug-ins to websites or for mobile devices, aiding in the conveyance of a website's message whether it be business related or personal. We offer products and solutions to help our customers stand out in the ever-changing internet environment. We have been, initially, capitalized through the acquisition of Assets from our founding shareholder, cash flows from multi-media operations and the proceeds from a Private Placement offering.
 
For the three months ended June 30, 2018 we had gross revenues of $19,500 derived primarily from commercial video work and digital video and photo integration into website design, and total expenses of $16,756 and a net profit of $2,744 compared to the six months ended June 30, 2018 in which we had gross revenues of $24,700 derived primarily from commercial video work and digital video and photo integration into website design, and total expenses of $30,251 and a net loss of $5,551.

For the three months ended June 30, 2017 we had gross revenues of $15,500 derived primarily from commercial video work and digital video and photo integration into website design, and total expenses of $37,556 and a net loss of $18,748 compared to the six months ended June 30, 2017in which we had gross revenues of $25,500 derived primarily from commercial video work and digital video and photo integration into website design, and total expenses of $36,515 and a net loss of $31,038.

Our plans are to continue to market our multi-media services focusing on the integration of video with web site design and to continue with the development of our aerial footage for California coastal areas. We may also seek equity financing in the future for the California coastal project. At this time, we have no arrangements for any funding source.

In addition, we are seeking potential acquisitions that fit within our business model. At this time, we have not entered into any agreements with any entities.
 
 
10

 
Significant Accounting Policies and Estimates
 
Management's Discussion and Analysis of Financial Condition and Results of Operations discusses the Company's financial statements which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Management bases its estimates and judgments on historical experiences and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
 
Revenue Recognition
 
Revenue consists substantially of fees earned from movies and videos that we have interests in and commercial video work. In accordance with ASC 606 we recognize revenue when we satisfy each performance obligation by transferring control of the promised goods or services to our customers. We recognize revenue from a sale or licensing arrangement of a film when we have transferred control of the licensing right to our customer; We recognize revenue from commercial video services rendered when we have transferred control of the commercial video work completed to our customer.
 
Use of Estimates
 
The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires us to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statement and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from the estimates.
 
Results of Operations
 
For the Three and Six Months Ended June 30, 2018 Compared to the Three and Six Months Ended June 30, 2017  

For the three month period ended June 30, 2018, we had gross revenues of $19,500, which were derived primarily from commercial video work and digital video and photo integration into website design, and total expenses of $ 16,756 consisting of professional fees of $4,037 which were attributable to expenses relating to our SEC filings and accounting costs, depreciation of $1,144, computer and internet expense of $0, consulting fees of $11,000,  rent expense of $100 and general & administrative fees of $475 resulting in a profit of $2,744.

For the three month period ended June 30, 2017, we recognized revenues of $15,500, which were derived primarily from commercial video work and digital video and photo integration into website design, and total expenses of $37,556 consisting of professional fees of $4,547 which were attributable to expenses relating to our SEC filings and accounting costs, depreciation of $1,144, consulting fees of $2,500, marketing credit of $(3,900), Production Audio Video Expense of $28,076, film work of  $2,100, computer and internet expense of $0, rent expense of $225,  general & administrative fees of $2,864 and a credit to income tax expense$3,308, resulting in a loss of $18,748.

For the six month period ended June 30, 2018, we had gross revenues of $24,700, which were derived primarily from commercial video work and digital video and photo integration into website design, and total expenses of $30,251 consisting of professional fees of $14,134 which were attributable to expenses relating to our SEC filings and accounting costs, depreciation of $2,288, computer and internet expense of $0, marketing expense of $599 consulting fees of $11,000, rent expense of $250 and general & administrative fees of $1,980, resulting in a loss of $5,551.

For the six month period ended June 30, 2017, we recognized revenues of $25,500, which were derived primarily from commercial video work and digital video and photo integration into website design, and total expenses  of $62,015 consisting of professional fees of $13,378 which were attributable to expenses relating to our SEC filings and accounting costs, depreciation of $2,288, consulting fees of $7,500, marketing expense of $2,000, Production Audio Video Expense of $28,076, film work of $2,100, computer and internet expense of $849, rent expense of $375, general & administrative fees of $5,449 and a credit to income tax expense$5,477 resulting in a loss of $31,038.
 
11

 
Liquidity and Capital Resources

For the six months ended June 30, 2018 compared to the six months ended June 30, 2017.

The change in shareholders' equity at the quarter ended June 30, 2018 and year ended December 31, 2017 was largely attributable to operating losses incurred in the period.

During the quarter ended June 30, 2018 we used $(2,613) compared to quarter ended June 30, 2017, where we used $(6,586) cash.

For the quarters ended June 30, 2018 and 2017 we did not use any funds in investing activities. 

For the quarters ended June 30, 2018 and 2017 we neither generated nor used any funds in financing activities.

The company has insufficient cash resources available to fund its primary operations. If we do not receive any additional revenue or receive additional funding we would not have the ability to implement our business plan. The Company has no agreements in place with its shareholders, officer and director or with any third parties to fund operations. The Company has not negotiated nor has available to it any other third party sources of liquidity.

The Company has no, current, off balance sheet arrangements and does not anticipate entering into any off balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition.
 
Plan of Operation

Our plans are to continue to market our multi-media services focusing on the integration of video with web site design and to continue with the development of our aerial footage for California coastal areas. We may also seek equity financing in the future for the California coastal project. At this time, we have no arrangements for any funding source. In addition, we are seeking potential acquisitions that fit within our business model. At this time, we have not entered into any agreements with any entities.

Marketing and Sales efforts:

Our marketing efforts will primarily be related to marketing our multimedia services and upon completion, the marketing and sales of our California Coast video project.

We plan on optimizing Search Engine Optimization ("SEO") work and internet marketing, and subsequently believe sales will be initially supported through our website. We also plan on engaging a call center for developing interest in our products within the next fiscal year. Successful implementation of our business strategy depends on factors specific to the further development of our products, regulations regarding equities trading, additional financing through equity or debt sources and numerous other factors that may be beyond our control. Adverse changes in the following factors could undermine our business strategy and have a material adverse effect on our business, financial condition, and results of operations and cash flow:

-  The ability to anticipate changes in consumer preferences and to meet customers' needs for trading products in a timely cost effective manner; and;

-  The ability to establish, maintain and eventually grow market share in a competitive environment.

Income Taxes

We had taxes payable of $0 at the quarter ended June 30, 2018 as compared to taxes payable of $0 at the year ended December 31, 2017.
 
 
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Item 3. Quantitative and Qualitative Disclosures about Market Risk
 
As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.
 
Item 4. Controls and Procedures
   
Evaluation of Disclosure Controls and Procedures
 
An evaluation was performed under the supervision of our management, including our Chief Executive Officer (principal executive officer) and Chief Financial Officer (principal financial and accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of the end of the period covered by this Annual Report. Based on that evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that, as of June 30, 2018, our disclosure controls and procedures were not effective to ensure that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms due to material weaknesses in our internal controls as described in the December 31, 2017 annual report..
 
Changes in Internal Control Over Financial Reporting.
 
We have made no change in our internal control over financial reporting during the last fiscal quarter 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

The Company was not subject to any legal proceedings during the six month period ended June 30, 2018 or 2017 and to the best of our knowledge and belief no proceedings are currently threatened or pending.
 
Item 1A. Risk Factors
 
As a "smaller reporting company" as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.
 
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
 
No unregistered equity securities were issued sold during the three months and six months ended June 30, 2018 and 2017 
 
Item 3. Defaults upon Senior Securities
 
No senior securities were issued and outstanding during the three months and six months ended June 30, 2018 and 2017.
 
Item 4. Mining Safety Disclosures
 
Not applicable to our Company.
 
Item 5. Other Information
 
None.

ITEM 6. EXHIBITS
 
Number
         Exhibit
101**
Interactive Data files
** Filed Herewith
 
 
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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.
 

 Dated: August 15, 2018
TECH CENTRAL, INC.
 
 
 
 
By:
/s/ Joe Lewis
 
 
Joe Lewis,
 
 
Chief Executive Officer
 



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