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10-Q

Lucent, Inc. (LUCN)

10-Q 2020-12-17 For: 2020-06-30
View Original
Added on April 08, 2026

UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,DC 20549


FORM10-Q

[X] QUARTERLY<br> REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For<br> the quarterly period ended June 30, 2020

Or

[<br> ] TRANSITION<br> REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For<br> the transition period from __________ to __________

Commission File Number:  333-222880

TIPMEFAST,INC.

(Exact name of registrant as specified in its charter)

Nevada 7373 83-4057513
(State<br> or other jurisdiction of<br><br> <br>incorporation<br> or organization) (Primary<br> standard industrial<br><br> <br>classification<br> code number) (IRS<br> employer<br><br> <br>identification<br> number)

Raid Chalil

HaShnura St 1

ZihronYa’akow, Isreal

972-373-70057

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

Elaine Dowling, Esq.

EAD Law Group, LLC

8275 S. Eastern Ave #20

Las Vegas, NV 891123

[email protected]

702-724-2636

(Name, address, including zip code, and telephone number, including area code, of agent for service)

Copies to:

Elaine Dowling, Esq.

EAD Law Group, LLC

8275 S. Eastern Ave #20

Las Vegas, NV 891123

[email protected]

702-724-2636

Securities registered pursuant to Section 12(b) of the Act: None

Tile<br> of each class Trading<br> Symbol(s) Name<br> of each exchange on which registered
N/A N/A N/A

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 [ ] No [ X]

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<br> accelerated filer [<br> ] Accelerated<br> filer [<br> ]
Non-accelerated<br> filer [<br> ] Smaller<br> reporting company [x]
Emerging<br> Growth company [<br> ]

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 [X] No []

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of December 10, 2020 is 5,600,000 shares.

1

TIPMEFAST,INC.

PART<br> I – FINANCIAL INFORMATION
Item<br> 1. Financial<br> Statements 3
Item<br> 2. Management's<br> Discussion and Analysis of Financial Condition and Results of Operations 4
Item<br> 3. Quantitative<br> and Qualitative Disclosures about Market Risk 6
Item<br> 4. Controls<br> and Procedures 6
PART<br> II – OTHER INFORMATION
Item<br> 1. Legal<br> Proceedings 7
Item<br> 1A. Risk<br> Factors 7
Item<br> 2. Unregistered<br> Sales of Equity Securities and Use of Proceeds 7
Item<br> 3. Defaults<br> Upon Senior Securities 7
Item<br> 4. Mine<br> Safety Disclosures 7
Item<br> 5. Other<br> Information 7
Item<br> 6. Exhibits 8
Signature 9
2

TIPMEFAST,INC.


PARTI — FINANCIAL INFORMATION

Item 1.  Financial Statements
INDEX<br> TO UNAUDITED FINANCIAL STATEMENTS PAGE
Restated<br> Balance Sheet at June 30, 2020 (Unaudited) and December 31, 2019 (Restated) F-1
Restated<br> Statement of Operations for the three months and six months period ended June 30, 2020 and 2019 (Unaudited) F-2
Restated<br> Statement of Statement of Stockholders’ Equity for the three months and six months ended June 30, 2020 and 2019<br> (Unaudited) F-3
Restated<br> Statement of Cash Flows for the six months period ended June 30, 2020 and 2019 (Unaudited) F-4
Notes<br> to Financial Statements (Unaudited) F-5
3
TIPMEFAST,<br> INC.
Restated<br> Balance Sheet
December<br> 31,
2019
(Restated)
ASSETS
Current<br> assets
Cash<br> held in trust 33,630 $ 43,880
Total<br> current assets 33,630 43,880
Total<br> assets 33,630 $ 43,880
LIABILITIES<br> AND STOCKHOLDERS' EQUITY
Current<br> liabilities
Accounts<br> payable 3,450 $ 7,900
Total<br> current liabilities 3,450 7,900
Total<br> liabilities 3,450 $ 7,900
STOCKHOLDERS’<br> EQUITY:
Common<br> stock: 0.001 par value, 75,000,000 shares authorized, 5,600,000 and 5,600,000<br> shares issued and outstanding  as of June 30, 2020 and December 31, 2019, respectively. 5,600 5,600
Additional<br> paid-in capital 80,415 80,415
Accumulated<br> deficit (55,835 ) (50,035 )
Total<br> stockholders’ equity 30,180 $ 35,980
Total<br> liabilities and stockholders' deficit 33,630 $ 43,880
The<br> accompanying notes are an integral part of these financial statements.

All values are in US Dollars.

F-1
TIPMEFAST,<br> INC.
Restated Statement<br> of Operations
(Unaudited)
For<br> the three months ended June 30, 2020 For<br> the three months ended June 30, 2019 For<br> the six months ended June 30, 2020 For<br> the six months ended June 30, 2019
REVENUE: $ $ $ $
EXPENSES:
General<br> and administrative $ 1,975 $ 1,970 $ 3,950 $ 3,933
Professional<br> fees 2,850 1,850 4,600
Total<br> expenses $ 1,975 $ 4,820 $ 5,800 $ 8,533
OTHER<br> INCOME (EXPENSE):
Interest<br> income
Total<br> other income (expense)
Net<br> loss $ (1,975 ) $ (4,820 ) $ (5,800 ) $ (8,533 )
Net<br> loss per common share - basic $ (0.00 ) $ (0.00 ) $ (0.00 ) $ (0.00 )
Weighted<br> average of common shares outstanding - basic 5,600,000 5,600,000 5,600,000 5,110,377
The<br> accompanying notes are an integral part of these financial statements.
F-2
TIPMEFAST, INC.
Restated Statement of Stockholders’ Equity
(Unaudited)
For the three months ended June 30, 2019
Common Stock Additional Paid-in Subscription Accumulated Total Stockholders’
Shares Amount Capital Received Deficit Deficit
Balance at March 31, 2019 5,600,000 $ 5,600 $ 80,415 $ 35 $ (26,383 ) $ 59,667
Net loss for the three months ended June 30, 2019 (4,820 ) (4,820 )
Restated balance at June 30, 2019 5,600,000 $ 5,600 $ 80,415 $ 35 $ (31,203 ) $ 54,847
TIPMEFAST, INC.
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Restated Statement of Stockholders’<br> Equity
(Unaudited)
For the six months ended June 30, 2019
Common Stock Additional Paid-in Subscription Accumulated Total Stockholders’
Shares Amount Capital Received Deficit Deficit
Balance at December 31, 2018 4,170,000 $ 4,170 $ 46,080 $ $ (22,670 ) $ 27,580
Issuance of common stock for cash 1,430,000 1,430 34,335 35 35,800
Net loss for six months ended June 30, 2019 (8,533 ) (8,533 )
Restated balance at June 30, 2019 5,600,000 $ 5,600 $ 80,415 $ 35 $ (31,203 ) $ 54,847
TIPMEFAST, INC.
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Statement of Stockholders’ Equity
(Unaudited)
For the three months ended June 30, 2020
Common Stock Additional Paid-in Subscription Accumulated Total Stockholders’
Shares Amount Capital Received Deficit Deficit
Balance at March 31, 2020 5,600,000 $ 5,600 $ 80,415 $ $ (53,860 ) $ 32,155
Net loss for three months ended June 30, 2020 (1,975 ) (1,975 )
Balance at June 30, 2020 5,600,000 $ 5,600 $ 80,415 $ $ (55,835 ) $ 30,180
TIPMEFAST, INC.
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
Statement of Stockholders’ Equity
(Unaudited)
For the six months ended June 30, 2020
Common Stock Additional Paid-in Subscription Accumulated Total Stockholders’
Shares Amount Capital Received Deficit Deficit
Balance at December 31, 2019 5,600,000 $ 5,600 $ 80,415 $ $ (50,035 ) $ 35,980
Net loss for six months ended June 30, 2020 (5,800 ) (5,800 )
Balance at June 30, 2020 5,600,000 $ 5,600 $ 80,415 $ $ (55,835 ) $ 30,180
The accompanying notes are an integral part of these financial statements.
F-3
TIPMEFAST,<br> INC.
Restated Statement<br> of Cash Flows
(Unaudited)
For<br> the six months ended June 30, 2020 For<br> the six months ended June 30, 2019
(Restated)
Cash<br> Flows from Operating Activities:
Net<br> Loss $ (5,800 ) $ (8,533 )
Adjustments<br> to reconcile net loss to net cash used in operating activities:
Increase<br> (decrease) in accrued expenses 3,918
Increase<br> (decrease) in accounts payable (4,450 )
Net<br> cash used in operating activities $ (10,250 ) $ (4,615 )
Cash<br> Flows from Financing Activities:
Proceeds<br> from subscription for common stock 35
Proceeds<br> from issuance of common stock 35,765
Net<br> cash provided by financing activities $ $ 35,800
Net<br> increase in cash, cash equivalents, and restricted cash (10,250 ) 31,185
Cash,<br> cash equivalents, and restricted cash at beginning of year 43,880 35,480
Cash,<br> cash equivalents, and restricted cash at end of year $ 33,630 $ 66,665
SUPPLEMENTAL<br> CASH FLOW INFORMATION:
Cash<br> paid for interest $ $
Cash<br> paid for income taxes $ $
The<br> accompanying notes are an integral part of these financial statements.
F-4

TIPMEFAST,INC.

NOTESTO THE UNAUDITED FINANCIAL STATEMENTS

JUNE30, 2020

NOTE1 – ORGANIZATION AND NATURE OF BUSINESS

TipMeFast, Inc. (“the Company”, “we”, “us” or “our”) was incorporated on December 5, 2017 in the State of Nevada. The Company was created to be the simplest way to get paid or pay anyone from a mobile device. With this application you can pay a bartender, barista, server, musician, valet attendant, concierge, traveling pet groomer, nail technician or pool service but have no cash. The Company is a solution to pay and to get paid without exchanging personal information.

Our executive offices are located at HaShmura St. 1, ZihronYa’akov, Isreal

NOTE2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern. As a development-stage company, the Company had no revenues and incurred losses as of June 30, 2020. The Company currently has limited 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 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 will be able to raise additional funds through the capital markets. In light of management’s 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.

NOTE3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of presentation

The results for the six months ended June 30, 2020 are not necessarily indicative of the results of operations for the full year. These financial statements and related footnotes should be read in conjunction with the consolidated financial statements and footnotes thereto included in the Company’s Annual Report for the year ended December 31, 2019, filed with the Securities and Exchange Commission.

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows at June 30, 2020 and for the related periods presented.

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 for the six months ended June 30, 2020.

Cash and Cash Equivalents

The Company considers all highly liquid investments with the original maturities of six months or less to be cash equivalents. The Company had $33,630 of cash as at June 30, 2020.

Income Taxes

Income taxes are computed using the asset 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 deferred tax assets that, based on available evidence, are not expected to be realized.

F-5

Revenue Recognition

The Company will recognize revenue in accordance with ASC topic 605 “Revenue Recognition”. The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

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.

Fair Value of Financial Instruments

AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs 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 approximates its fair value due to its short-term maturity.

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.

Basic Income (Loss) Per Share

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 antidilutive. There were no potentially dilutive debt or equity instruments issued or outstanding as of June 30, 2020.

Comprehensive Income

Comprehensive income is defined as all changes in stockholders’ deficit, exclusive of transactions with owners, such as capital investments. Comprehensive income includes net income or loss, changes in certain assets and liabilities that are reported directly in equity such as translation adjustments on investments in foreign subsidiaries and unrealized gains (losses) on available-for-sale securities. As of June 30, 2020, there were no differences between our comprehensive loss and net loss.

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

F-6

NOTE4 – STOCKHOLDERS’ EQUITY

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

On December 5, 2017, the company issued a total of 3,000,000 common shares to its founder for a cash contribution of $21,000.

During the quarter ended December 31, 2018, the company issued a total of 1,170,000 common shares to various investors for cash proceeds of $29,250.

During the quarter ended March 31, 2019, the company issued a total of 1,430,000 common shares to various investors for cash proceeds of $35,750. In this shares issue, $35 was received in excess from an investor which has showed in subscription received in balance sheet. It was repaid to the investor subsequently.

There were 5,600,000 and 5,600,000 shares of common stock issued and outstanding as of June 30, 2020 and December 31, 2019 respectively.

NOTE5 - RESTATEMENT


The following are previously recorded and restated balances as of December 31, 2019.

TIPMEFAST,<br> INC.
Balance<br> Sheet
(Audited)
(Restatement<br> Adjustments) (As<br> Restated)
ASSETS
Current<br> assets
Cash<br> held in trust 43,880 $ $ 43,880
Total<br> Current Assets 43,880 43,880
Total<br> Assets 43,880 $ $ 43,880
LIABILITIES<br> AND STOCKHOLDERS' EQUITY
Current<br> liabilities
Accounts<br> payable $ 7,900 $ 7,900
Total<br> current liabilities 7,900 7,900
Total<br> Liabilities $ 7,900 $ 7,900
STOCKHOLDERS’<br> EQUITY:
Common<br> stock: 0.001 par value, 75,000,000 shares authorized, 5,600,000 shares issued and outstanding  as of December 31,<br> 2019 respectively. 5,600 5,600
Additional<br> paid-in capital 80,415 80,415
Accumulated<br> deficit (42,135 ) (7,900 ) (50,035 )
Total<br> stockholders’ equity 43,880 (7,900 ) 35,980
Total<br> liabilities and stockholders' deficit 43,880 $ $ 43,880
The<br> accompanying notes are an integral part of these financial statements.

All values are in US Dollars.


F-7

The following are previously recorded and restated balances as of June 30, 2019.

TIPMEFAST, INC.
Restated Balance Sheet
(Restatement Adjustments) (As Restated)
ASSETS
Current assets
Cash held in trust 66,665 $ $ 66,665
Total Current Assets 66,665 66,665
Total Assets 66,665 $ $ 66,665
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Accured expenses 3,918 $ $ 3,918
Accounts payable 7,900 7,900
Total current liabilities 3,918 7,900 11,818
Total Liabilities 3,918 $ 7,900 $ 11,818
STOCKHOLDERS’ EQUITY:
Common stock: 0.001 par value, 75,000,000 shares authorized, 5,600,000 shares issued and outstanding  as of June 30, 2019. 5,600 5,600
Additional paid-in capital 80,415 80,415
Subscription received 35 35
Accumulated deficit (23,303 ) (7,900 ) (31,203 )
Total stockholders’ equity 62,747 (7,900 ) 54,847
Total liabilities and stockholders' deficit 66,665 $ $ 66,665
The accompanying notes are an integral part of these financial statements.

All values are in US Dollars.


F-8


TIPMEFAST, INC.
Restated Statement of Operations
(Unaudited)
For the six months ended June 30, 2019
(As Previously Reported) (Restatement Adjustments) (As Restated)
REVENUE: $ $ $
EXPENSES:
General and administrative 3,933 3,933
Professional fees 4,600 4,600
Total expenses $ 8,533 $ $ 8,533
OTHER INCOME (EXPENSE):
Interest Income
Total other income (expense)
Net loss $ (8,533 ) $ $ (8,533 )
Net loss per common share - basic $ (0.00 ) $ 0.00 $ (0.00 )
Weighted average of common shares outstanding - basic 5,110,377 5,110,377 5,110,377
The accompanying notes are an integral part of these financial statements.

NOTE6 – SUBSEQUENT EVENTS

The Company evaluated all events or transactions that occurred after June 30, 2020 through December 10, 2020. The Company determined that it does not have any subsequent event requiring recording or disclosure in the financial statements for the period ended June 30, 2020**.**


F-9

Item2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion of our financial condition and results of operations should be read in conjunction with (i) our audited financial statement as of June 30, 2020, that appear elsewhere in this registration statement. This registration statement contains certain forward-looking statements and our future operating results could differ materially from those discussed herein. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We disclaim any obligation to update any such factors or to announce publicly the results of any revisions of the forward -looking statements contained herein to reflect future events or developments.

GoingConcern

The future of our company is dependent upon its ability to obtain financing and upon future profitable operations from the sale of products and services through our websites. Management has plans to seek additional capital through a private placement and public offering of its common stock, if necessary. Our auditors have expressed a going concern opinion which raises substantial doubts about the Issuers ability to continue as a going concern.

Planof Operation

Liquidityand Capital Resources

As of June 30, 2020, the company has $33,630 in total assets. These assets are in the form of cash held in trust $33,630. As of June 30, 2020 the company has $3,450 in liabilities and an accumulated deficit of $55,835. As of December 31, 2019, the company has $43,880 in total assets in the form of cash held in trust $43,880. As of December 31, 2019, the company has $7,900 in liabilities and an accumulated deficit of $50,035.

Net cash used in operating activities for the six months period ended June 30, 2020 and 2019 was $10,250 and $4,615 respectively. Cash flows from financing activities for the six months period ended June 30, 2020 and 2019 was $0 and $35,800 respectively.

We have no material commitments for the next twelve months. We will however require additional capital to meet our liquidity needs. Currently, the Company has determined that its anticipated monthly cash flow needs should not exceed of $6,000 per month for the first 6 months of 2020. Expenses are expected to increase marginally in the second half of 2020.

It is anticipated that the app can be completed and operational in approximately 6 months and a full marketing campaign in place within 3 months after that. In the even that the full proceeds of the offering are not raised, the timing of the rollout will be slowed as discussed above in Business.

The Company’s projected capital needs and its projected increase in expenses are based upon the Company’s projected roll-out of generating sites over the coming twelve months, however, in the event that the full offering proceeds are not raised, the Company would roll-out new of generating sites at a slower pace and/or focus its energies on the refinement of existing sites to maximum their productivity. The Company’s success does not depend on a scheduled roll-out and therefore it has flexibility to scale back its expenses to meet actual income.

It is anticipated that the company will receive increasing revenues from operations in the coming year, however, since the Company has not earned any revenues to date, it is difficult to anticipate what those revenues might be, if any, and therefore, management has assumed for planning purposes only that it may need to sell common stock, take loans or advances from officers, directors or shareholders or enter into debt financing agreements in order to meet our cash needs over the coming twelve months. The Issuer has no agreements or understandings for any of the above-listed financing options.

4

The Company has no intention in investing in short-term or long-term discretionary financial programs of any kind.

Resultsof Operations


Overviewfor the three months ended June 30, 2020 and 2019

Lackof Revenues

We have limited operational history. For the three months ended June 30, 2020 and 2019 we did not generate any revenues. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.

OperatingExpenses

The Company’s operating expenses for the three months ended June 30, 2020 and 2019 were $1,975 and $4,820 respectively. Operating expenses consisted of professional fees $0 and general and administrative expenses $1,975 for the three months ended June 30, 2020. Operating expenses consisted of professional fees $2,850 and general and administrative expenses $1,970 for the three months ended June 30, 2019.

NetLoss

During the three months ended June 30, 2020 and 2019 the Company incurred a net losses of $1,975 and $4,820 respectively.

Overviewfor the six months ended June 30, 2020 and 2019

Lackof Revenues

We have limited operational history. For the six months ended June 30, 2020 and 2019 we did not generate any revenues. We anticipate that we will incur substantial losses for the foreseeable future and our ability to generate any revenues in the next 12 months continues to be uncertain.

OperatingExpenses

The Company’s operating expenses for the six months ended June 30, 2020 and 2019 were $5,800 and $8,533 respectively. Operating expenses consisted of professional fees $1,850 and general and administrative expenses $3,950 for the six months ended June 30, 2020. Operating expenses consisted of professional fees $4,600 and general and administrative expenses $3,933 for the six months ended June 30, 2019.

NetLoss

During the six months ended June 30, 2020 and 2019 the Company incurred a net losses of $5,800 and $8,533.

The company recorded a net loss of $55,835 for the period from inception on December 5, 2017 to June 30, 2020.

Our independent registered public accounting firm has expressed a going concern opinion which raises substantial doubts about our ability to continue as a going concern. . Due to the limited nature of the Company’s operations to date, the Company does not believe that past performance is any indication of future performance. The impact on the Company’s revenue’s of recognized trends and uncertainties in our market will not be recognized until such time as the Company has had sufficient operations to provide a baseline.

Off-BalanceSheet 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 are material to investors.

5

CriticalAccounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

We regularly evaluate the accounting policies and estimates that we use to prepare our financial statements. In general, management’s estimates are based on historical experience, on information from third party professionals, and on various other assumptions that are believed to be reasonable under the facts and circumstances. Actual results could differ from those estimates made by management.

Equipment,Furniture and Leasehold Improvements. Equipment, furniture and leasehold improvements are recorded at cost and depreciated on a straight-line basis over the lesser of their estimated useful lives, ranging from three to seven years, or the life of the lease, as appropriate.

Impairmentof Long-Lived Assets. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the assets to the future net cash flows expected to be generated by such assets. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the discounted expected future net cash flows from the assets.

RevenueRecognition. The Company recognizes revenue when all four of the following criteria are met: (i) persuasive evidence that an arrangement exists; (ii) delivery of the products and/or services has occurred; (iii) the fees earned can be readily determined; and (iv) collectability of the fees is reasonably assured.

LossPer Common Share. Basic net loss per share is calculated by dividing the net loss by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. As of June 30, 2020 there were no share equivalents outstanding.

Item3. Quantitative and Qualitative Disclosures about Market Risk.

Not Applicable to Smaller Reporting Companies.

Item4. Controls and Procedures.

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

As required by Rule 13a-15/15d-15 under the Securities and Exchange Act of 1934,as amended (the "Exchange Act"), as of June 30, 2020, we have carried out an evaluation of the effectiveness of the design and operation of our Company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our Company's management, our President (Principal Executive Officer) and Treasurer (Principal Accounting Officer). Based upon the results of that evaluation, our management has concluded that, as of a June 30, 2020, our Company's disclosure controls and procedures were not effective and do not provide reasonable assurance that material information related to our Company 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 the SEC's rules and forms, and that such information is accumulated and communicated to management to allow timely decisions on required disclosure.

MANAGEMENT'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control system is designed to provide reasonable assurance to our management and board of directors regarding the reliability of financial reporting and the preparation of financial statements for external reporting purposes in accordance with generally accepted accounting principles. Our internal control over financial reporting includes those policies and procedures that:

6
Pertain<br> to the maintenance of records that, in reasonable detail, accurately and fairly reflect<br> the transactions and dispositions of the assets of the Company;
Provide<br> reasonable assurance that transactions are recorded as necessary to permit preparation<br> of financial statements in accordance with generally accepted accounting principles in<br> the United States of America, and that receipts and expenditures of the Company are being<br> made only in accordance with authorizations of management and directors of the Company;<br> and
--- ---
Provide<br> reasonable assurance regarding prevention or timely detection of unauthorized acquisition,<br> use or disposition of the Company's assets that could have a material effect on the financial<br> statements.
--- ---

Management assessed the effectiveness of our internal control over financial reporting as of June 30, 2020 . In making this assessment, we used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in INTERNAL CONTROL -- INTEGRATED FRAMEWORK.

Our management concluded that, as of June 30, 2020, our internal control over financial reporting was effective based on the criteria in INTERNAL CONTROL -- INTEGRATED FRAMEWORK issued by the COSO.

This quarterly report does not include an attestation report of the Company's independent registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's independent registered public accounting firm pursuant to rules of the SEC that permit the Company to provide only management's report in this annual report.

CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING

There were no changes in our internal control over financial reporting identified in connection with the evaluation described above during the second ended June 30, 2020 that has materially affected or is reasonably likely to materially affect our internal controls over financial reporting.

PARTII.  OTHER INFORMATION

Item1.  Legal Proceedings.

There are no legal actions pending against us nor any legal actions contemplated by us at this time.

Item1A. Risk Factors


As a smaller reporting company (as defined in Rule 12b-2 of the Exchange Act), we are not required to provide the information called for by this Item 1A.

Item2.  Unregistered Sales of Equity Securities and Use of Proceeds.

None


Item3. Defaults Upon Senior Securities.

None

Item4. Mine Safety Disclosures.

Not Applicable


Item5. Other Information.

None

7

Item6. Exhibits


Exhibit<br> 31.1 - Certification<br> of Chief Executive Officer of TipMeFast, Inc. required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act<br> of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit<br> 31.2 - Certification<br> of Chief Financial Officer of TipMeFast, Inc. required by Rule 13a-14(1) or Rule 15d-14(a) of the Securities Exchange Act<br> of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
Exhibit<br> 32.1 - Certification<br> of Chief Executive Officer of TipMeFast, Inc. pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and Section 1350 of<br> 18 U.S.C. 63.
Exhibit<br> 32.2 - Certification<br> of Chief Financial Officer of TipMeFast, Inc. pursuant to Section 906 of the Sarbanes-Oxley<br> Act of 2002 and Section 1350 of 18 U.S.C. 63.

8

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.


TipMeFast,<br> Inc..
Date<br> : December 17, 2020 By:<br> /s/ Raid Chalil
Raid<br> Chalil, President, Secretary, Treasurer, CEO, Principal Executive Officer, Chief Financial Officer, Director
9

Exhibit31.1

TipMeFast,Inc.

Certification Pursuant to Rule 13a-14(a)

Section 302 Certification

I, Raid Chalil, the Chief Executive Officer of TipMeFast, Inc., certify that:

1.     I have reviewed the quarterly report on Form 10-Q of TipMeFast, Inc., for the six months ended Jun 30, 2020;

2.     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, the results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4.     The issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the for the issuer and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) evaluated the effectiveness of the issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c) disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the issuer's most recent fiscal quarter (the issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the issuer's internal control over financial reporting; and

5.     The issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer's ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer's internal control over financial reporting.

Date: December 17, 2020

TipMeFast,<br> Inc
By:<br>    /s/ Raid Chalil
Raid<br> Chalil,
Chief<br> Executive Officer

Exhibit31.2

TipMeFast,Inc.

Certification Pursuant to Rule 13a-14(a)

Section 302 Certification

I, Raid Chalil, the Chief Financial Officer of TipMeFast, Inc., certify that:

1.     I have reviewed the quarterly report on Form 10-Q of TipMeFast, Inc., for the six months ended June 30, 2020;

2.     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, the results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;

4.     The issuer's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f) for the for the issuer and have:

(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) evaluated the effectiveness of the issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(c) disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the issuer's most recent fiscal quarter (the issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the issuer's internal control over financial reporting; and

5.     The issuer's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

(a) all significant deficiencies in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the issuer's ability to record, process, summarize and report financial information; and

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the issuer's internal control over financial reporting.

Date: December 17, 2020

TipMeFast,<br> Inc.
By:<br>    /s/ Raid Chalil
Raid<br> Chalil,
Chief<br> Financial Officer

Exhibit32.1

TipMeFast,Inc.

Certification Pursuant to 18 U.S.C. § 1350

Section 906 Certifications

Pursuant to 18 U.S.C. § 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002 (Public Law 107-204), the undersigned, Raid Chalil, the Chief Executive Officer of TipMeFast, Inc., (the "Company"), hereby certify that:

1.     The Company's Quarterly Report on Form 10-Q for the six months ended June 30, 2020, as filed with the U.S. Securities and Exchange Commission on the date hereof (the "Report"), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.     The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

This Certification is signed on December 17, 2020.

TipMeFast,<br> Inc.
By:<br>    /s/ Raid Chalil
Raid<br> Chalil,
Chief<br> Executive Officer

A signed original of this written statement required by Section 906 has been provided to TipMeFast, Inc. and will be retained by TipMeFast, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

Exhibit 32.2

TipMeFast, Inc.

Certification Pursuant to 18 U.S.C. § 1350

Section 906 Certifications

Pursuant to 18 U.S.C. § 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002 (Public Law 107-204), the undersigned, Raid Chalil, the Chief Financial Officer of TipMeFast, Inc., (the "Company"), hereby certify that:

1.     The Company's Quarterly Report on Form 10-Q for the six months ended June 30, 2020, as filed with the U.S. Securities and Exchange Commission on the date hereof (the "Report"), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

2.     The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

This Certification is signed on December 17, 2020.

TipMeFast, Inc.
By:    /s/ Raid Chalil
Raid Chalil,
Chief Financial Officer

A signed original of this written statement required by Section 906 has been provided to TipMeFast, Inc. and will be retained by TipMeFast, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.