10-Q - QURT - Equibles

UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

10-Q

☒ quarterly REPORT under SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Forthe quarterly period ended: ### March 31, 2022

☐

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For

the transition period from ______ to ______

Commission

File No. 000-55964

Quarta-Rad,Inc.

(Exact Name of Registrant as Specified in its Charter)

Delaware	45-4232089
(State<br> or other Jurisdiction	(I.R.S.<br> Employer
of<br> Incorporation or Organization)	Identification<br> No.)
1201<br> N. Orange St., Suite 700
---	---
Wilmington,<br> DE	19801
(Address<br> of Principal Executive Offices)	(Zip<br> Code)

Registrant’s telephone number, including area code: (302) 575-0877

Securities registered pursuant to Section 12(b) of the Act:

Title<br> of Each Class	Trading<br> Symbol	Name<br> of Each Exchange on Which Registered
Common<br> Stock, par value $0.0001 per share	QURT	OTC

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 preceding12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§230.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes ☐ No ☒

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

Large<br> accelerated filer ☐	Accelerated<br>filer ☐
Non-accelerated<br> filer ☐ (Do not check if a smaller reporting company)	Smaller<br> 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 ☒

APPLICABLE

ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS

DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section l2, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

Yes ☐ No ☐

APPLICABLE

ONLY TO CORPORATE ISSUERS

Indicate

the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: As of June 21, 2022, the number of shares outstanding of the issuer’s sole class of common stock, $0.0001 par value per share, is 15,674,483 .

TABLE

OF CONTENTS

Part<br> I – FINANCIAL INFORMATION	3
Item<br> 1. Financial Statements	3
Condensed<br> and Consolidated Balance Sheets	3
Condensed<br> and Consolidated Statements of Operations	4
Condensed<br> and Consolidated Statements of Changes in Stockholders’ Equity/Deficit	5
Condensed<br> and Consolidated Statements of Cash Flows	6
Notes<br> to the Condensed and Consolidated Unaudited Financial Statements	7
Item<br> 2. Management’s Discussion and Analysis of Financial Conditions and Results of Operations	13
Item<br> 3. Quantitative and Qualitative Disclosures about Market Risk	18
Item<br> 4. Controls and Procedures	18
PART<br> II — OTHER INFORMATION	20
Item<br> 1. Legal Proceedings	20
Item<br> 1A. Risk Factors	20
Item<br> 2. Unregistered Sales of Equity Securities and Use of Proceeds	20
Item<br> 3. Defaults Upon Senior Securities	20
Item<br> 4. Mine Safety Disclosures	20
Item<br> 5. Other Information	20
Item<br> 6. Exhibits	20
Signatures	21

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Part I – FINANCIAL INFORMATION

Item1. Financial Statements

QUARTA-RAD,

INC. AND SUBSIDIARIES

CONDENSED

AND CONSOLIDATED BALANCE SHEETS

(unaudited)


		December<br> 31, 2021
ASSETS
Current<br> Assets
Cash	372,386	$	260,200
Accounts<br> receivable	16,296		65,064
Marketable<br> securities, trading	128,600		126,810
Inventory	58,739		86,787
Due<br> from officer	-		-
Total<br> Current Assets	576,021		538,861
Fixed<br> Assets, Net	2,970		3,170
Other<br> Assets - Deferred tax asset	33,015		39,571
TOTAL<br> ASSETS	612,006	$	581,602
LIABILITIES<br> AND STOCKHOLDERS’ EQUITY
Current<br> Liabilities
Accounts<br> payable and accrued expenses	80,295	$	79,321
Miscellaneous<br> liability	44,030		-
Related<br> party payable	127,742		167,758
Total<br> Liabilities	252,067		247,079
Commitments<br> and Contingencies	-		-
Stockholders’<br> Equity
Common<br> Stock: authorized 50,000,000 common shares, 0.0001 par value 15,674,483 and 15,659,483 were issued and outstanding on December 31,<br> 2021 and December 31, 2020, respectively	1,568		1,568
Additional<br> paid-in capital	346,726		346,726
Retained<br> earnings/(Accumulated deficit)	11,645		(13,771	)
Total<br> Stockholders’ Equity	359,939		334,523
TOTAL<br> LIABILITIES AND STOCKHOLDERS’ EQUITY	612,006	$	581,602

All values are in US Dollars.

See

accompanying notes to the condensed and consolidated financial statements

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QUARTA-RAD,

INC. AND SUBSIDIARIES

CONDENSED

AND CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

	For<br> the three<br><br> months ended<br><br> March 31, 2022			For<br> the three <br><br>months ended<br><br> March 31, 2021
Sales<br> -Quarta Rad, Inc., net	$	318,379		$	244,679
Sales<br> - Sellavir, Inc., net - related party		64,000			90,000
Total<br> sales, net		382,379			334,679
Cost<br> of goods sold - Sellavir Inc.		17,967			-
Cost<br> of goods sold - Quarta Rad, Inc.		201,955			190,328
Cost<br> of goods sold		-			-
Gross<br> profit		162,457			144,351
Expenses:
General<br> & administrative		14,056			5,028
Advertising		11,200			16,060
Professional<br> and consulting fees		31,226			60,346
Operating<br> expenses		56,482			81,434
Net<br> income from operations		105,975			62,917
Other<br> income - interest and dividends		3			-
Other<br> income - unrealized loss on investments		(48,967	)		3,474
Other<br> income - realized loss on investments		(24,839	)		-
Net<br> income before provision for income taxes		32,172			66,391
Income<br> tax expense		6,756			13,942
Net<br> income	$	25,416		$	52,449
Income<br> per share - basic and diluted	$	-		$	-
Weighted<br> average shares - basic and diluted		15,661,956			15,659,483

See

accompanying notes to the condensed and consolidated financial statements

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QUARTA-RAD,

INC. AND SUBSIDIARIES

CONDENSED

AND CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIT)

Three

Months Ended March 31, 2022

(Unaudited)

	Shares		Amount		Capital		Deficit			Equity
	Common<br> Stock				Additional<br><br> Paid-In		Retained<br> <br><br> Earnings/ Accumulated			Total<br> Stockholders’
	Shares		Amount		Capital		Deficit			Equity
Balance,<br> December 31, 2021		15,674,483	$	1,568	$	346,726	$	(13,771	)	$	334,523
Net<br> income		-	$	-	$	-	$	25,416		$	25,416
Balance,<br> March 31, 2022		15,674,483	$	1,568	$	346,726	$	11,645		$	359,939

CONDENSED

AND CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

Three

Months Ended March 31, 2021

(Unaudited)

	Common<br> Stock				Additional<br><br> Paid-In		Retained<br><br> Earnings/ (Accumulated			Total<br> Stockholders’
	Shares		Amount		Capital		Deficit)			Equity
Balance,<br> December 31, 2020		15,659,483	$	1,866	$	337,427	$	(21,114	)	$	318,179
Net<br> income		-		-		-		52,449			52,449
Balance,<br> March 31, 2021		15,659,483	$	1,866	$	337,427	$	31,335		$	370,628

See

accompanying notes to the condensed and consolidated financial statements

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QUARTA-RAD,

INC. AND SUBSIDIARIES

CONDENSED

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

	For<br> the three<br><br> months ended<br><br> March 31, 2022			For<br> the three<br><br> months ended<br><br> March 31, 2021
OPERATING<br> ACTIVITIES:
Net<br> income	$	25,416		$	52,449
Adjustments<br> to reconcile net income to net<br> cash (used in) provided by operating activities:
Depreciation		200			200
Stock<br> issued for services		-
Net<br> realized loss on investments		24,839
Net<br> unrealized (gain)/ loss on investments		48,967			(3,474	)
Income<br> tax expense/(benefit)		6,756			13,942
Changes<br> in operating assets and liabilities:
Accounts<br> receivable		48,768			(27,116	)
Inventory		28,048			3,456
Accounts<br> payable and accrued expenses		774			27,290
Miscellaneous<br> liabilities		44,030			-
Related<br> party payable		(40,016	)		23,559
Net<br> cashed provided by (used in) operating activities		187,782			90,306
INVESTING<br> ACTIVITIES:
Sale<br> of marketable securities, trading		97,253			-
Purchase<br> of marketable securities, trading		(172,849	)		(85,010	)
Cash<br> from acquisition		-			-
Net<br> cash used in Investing Activities		(75,596	)		(85,010	)
Net<br> change in cash		112,186			5,296
Cash,<br> beginning of period		260,200			108,126
Cash,<br> end of period	$	372,386		$	113,422
Non-cash<br> Investing and Financing Transactions:
Repayment<br> of officer advance by transfer or marketable securities at<br> fair value	$	-		$	332,533
Supplemental<br> cash flow information:
Cash<br> paid for interest	$	-		$	-
Cash<br> paid for income taxes	$	-		$	-

See

accompanying notes to the condensed and consolidated financial statements

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QUARTA-RAD,

INC. AND SUBSIDIARIES

Notes

to the (unaudited) Condensed and Consolidated Financial Statements

NOTE

1 - BASIS OF PRESENTATION

The condensed and consolidated balance sheet of Quarta-Rad, Inc. and Subsidiaries (the “Company”) as of March 31, 2022, and the statements of operations and changes in stockholders’ equity/deficit for the three months and ended March 31, 2022 and 2021, and the cash flows for three months ended March 31, 2022 and 2021 have not been audited. However, in the opinion of management, such information includes all adjustments (consisting of normal recurring adjustments), which are necessary to accurately reflect the financial position of the Company as of March 31, 2022, the results of operations and cash flows for the periods ended March 31, 2022 and 2021.

The condensed and consolidated balance sheet as of December 31, 2021 has been derived from audited financial statements. Certain information and notes normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been omitted, although management believes that the disclosures are adequate to make the information presented not misleading. Interim period results are not necessarily indicative of the results to be achieved for an entire year. These condensed and consolidated financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s annual report on Form 10-K for the year ended December 31, 2021.

NOTE

2 - NATURE OF BUSINESS

The Company distributes detection devices, including but not limited to Geiger counters, to homeowners and interested customers in North America and Europe. The Company targets homebuilders and home renovation contractors.

Sellavir is a video analytics company whose platform empowers organizations to decode videos to develop creative marketing strategies and analysis through advanced and proprietary technologies.

NOTE

3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principlesof Consolidation

The consolidated financial statements include the accounts Quarta-Rad, Inc. and its wholly-owned subsidiaries Quarta-Rad USA, Inc. and Sellavir, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.

Useof Estimates and Assumptions

The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and judgments that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting periods.

Significant estimates made by management include, among others, provisions for the valuation of accounts receivable, accrual of European VAT reserve, the recoverability of deferred tax assets, and the recoverability of inventory. The Company bases its estimates on historical experience, knowledge of current conditions and belief of what could occur in the future considering available information. The Company reviews its estimates on an on-going basis. The actual results experienced by the Company may differ materially and adversely from its estimates. To the extent there are material differences between the estimates and actual results, future results of operations will be affected.

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Advertising

The

Company expenses advertising costs, consisting primarily of placement in multiple publications, along with design and printing costs of sales materials, when incurred. Advertising expense for the three months ended March 31, 2022 and 2021, amounted to $11,200 and $16,060, respectively.

Concentrationof Credit Risk

Credit is extended to online platforms and suppliers based on an evaluation of their financial condition, and collateral is generally not required. The Company performs ongoing credit evaluations of its customers and provides an allowance for doubtful accounts as appropriate.

Two

suppliers accounted for 72% of accounts receivable at March 31, 2022 and two suppliers accounted for 93% of accounts receivable at December 31, 2021.

Quarta

Rad purchased 100% of its inventory through one vendor for the three months ended March 31, 2022 and 2021.

Earningsper Share

The Company’s basic earnings per share are calculated by dividing its net income available to common stockholders by the weighted average number of common shares outstanding for the period. The Company’s dilutive earnings per share is calculated by dividing its net income available to common shareholders by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity. There were no potentially dilutive instruments outstanding during the periods ended March 31, 2022 and 2021.

FairValue of Financial Instruments

The Company’s financial instruments as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 825, “Financial Instruments” include cash, trade accounts receivable, and accounts payable and accrued expenses. All instruments, except marketable securities are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at March 31, 2022 and December 31, 2020. Marketable securities are level one assets recorded at fair value.

FASB ASC 820 “Fair Value Measurements and Disclosures” defines fair value, establishes a framework for measuring fair value in accordance with U.S. GAAP, and expands disclosures about fair value measurements. ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows:

●	Level<br> 1.	Observable<br> inputs such as quoted prices in active markets;
●	Level<br> 2.	Inputs,<br> other than the quoted prices in active markets, that are observable either directly or indirectly; and
●	Level<br> 3.	Unobservable<br> inputs in which there is little or no market data, which requires the reporting entity to develop its own assumptions.

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The Company’s investment securities consist of common and preferred stock. Substantially all the Company’s investments are Level

The fair market value is based on quoted prices in active markets for identical assets. Financial assets are measured at fair value on a recurring basis. The following table provides information at March 31, 2022 about the Company’s financial assets measured at fair value on a recurring basis.

SCHEDULE

OF FAIR VALUE OF FINANCIAL INSTRUMENTS

	Level 1		Level 2		Level 3		Total
Assets at fair value:
Marketable Securities	$	128,600	$	-	$	-	$	128,600
Total assets at fair value	$	128,600	$	-	$	-	$	128,600

RevenueRecognition

The Company follows guidance from FASB Accounting Standards Codification ASC Topic 606, Revenue from Contracts with Customers (“ASC 606”). The guidance sets forth a five-step revenue recognition model which replaces the prior revenue recognition guidance in its entirety and is intended to eliminate numerous industry-specific pieces of revenue recognition guidance that have historically existed in U.S. GAAP. The underlying principle of the standard is that a business or other organization will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects what it expects to receive in exchange for the goods or services. The standard also requires more detailed disclosures and provides additional guidance for transactions that were not addressed completely in the prior accounting guidance.

Our principal activities from which we generate our revenue are product sales and consulting services.

Revenue is measured based on consideration specified in a contract with a customer. A contract with a customer exists when we enter into an enforceable contract with a customer. The contract is based on either the acceptance of standard terms and conditions on the websites for e-commerce customers and via telephone with our third-party call center for our print media and direct mail customers, or the execution of terms and conditions contracts with retailers and wholesalers. These contracts define each party’s rights, payment terms and other contractual terms and conditions of the sale. Consideration is typically paid prior to shipment via credit card or check when our products are sold direct to consumers or approximately 30 days from the time control is transferred when sold to wholesalers, distributors and retailers. We apply judgment in determining the customer’s ability and intention to pay, which is based on a variety of factors including the customer’s historical payment experience and, in some circumstances, published credit and financial information pertaining to the customer.

A performance obligation is a promise in a contract to transfer a distinct product to the customer, which for us is transfer of devices to our customers. Performance obligations promised in a contract are identified based on the goods that will be transferred to the customer that are both capable of being distinct and are distinct in the context of the contract, whereby the transfer of the goods is separately identifiable from other promises in the contract. We have concluded the sale of goods and related shipping and handling are accounted for as the single performance obligation.

The transaction price of a contract is allocated to each distinct performance obligation and recognized as revenue when or as the customer receives the benefit of the performance obligation. The transaction price is determined based on the consideration to which we will be entitled to receive in exchange for transferring goods to the customer. We issue refunds to e-commerce and print media customers, upon request, within 30 days of delivery. We estimate the amount of potential refunds at each reporting period using a portfolio approach of historical data, adjusted for changes in expected customer experience, including seasonality and changes in economic factors. For retailers, distributors and wholesalers, we do not offer a right of return or refund and revenue is recognized at the time products are shipped to customers. In all cases, judgment is required in estimating these reserves. Actual claims for returns could be materially different from the estimates. There was no reserve for sales returns and allowances, at March 31, 2022 and December 31, 2021, respectively.

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We recognize revenue when we satisfy a performance obligation in a contract by transferring control over a product to a customer when product is shipped. Taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction, that are collected by us from a customer, are excluded from revenue. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfilment cost and are included in cost of product sales.

We recognize consulting revenue over times as services are performed.

RecentAccounting Pronouncements

In December 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2019-12 Simplifying the Accountingfor Income Taxes. Effective for public entities for fiscal years beginning after December 15, 2020. The ASU is intended to simplify aspects of accounting for income taxes, including deferred taxes on investments, and calculation of taxes in interim periods. The adoption of this guidance by the Company did not have a material impact on its financial statements and related disclosures.

Risksand Uncertainties

RUSSIAN

INVASION OF UKRAINE

In February 2022, Russia invaded the nation of Ukraine and certain sanctions and banking restrictions were levied upon Russia. As a result, the Company’s ability to purchase inventory has been adversely impacted.

The Company is actively monitoring the situation and working closely with their suppliers and logistics companies to mitigate the impact.

The Company continuing to expand its AI business and are in the process of transforming our company from an import heavy entity to AI services revenue becoming the majority of total sales. The Company is focusing its unique footprint in the Japanese market to continue to expand Sellavir products and services.

COVID-19

On January 30, 2020, the World Health Organization (“WHO”) announced a global health emergency because of a new strain of coronavirus (the “COVID-19 outbreak”) and the risks to the international community as the virus spreads globally beyond its point of origin. In March 2020, the WHO classified the COVID-19 outbreak as a pandemic, based on the rapid increase in exposure globally.

The full impact of the COVID-19 outbreak continues to evolve as of the date of this report. Management is actively monitoring the global situation on its financial condition, liquidity, operations, suppliers, industry, and workforce. Given the daily evolution of the COVID-19 outbreak and the global responses to curb its spread, the Company is not able to estimate the effects of the COVID-19 outbreak on its results of operations, financial condition, or liquidity. However, if the pandemic continues, it may have an adverse effect on the Company’s results of future operations, financial position, and liquidity.

The uncertainty as to the future impact on the Company of the recent COVID-19 outbreak has been considered as part of the Company’s adoption of the going concern basis. Thus far, we have not observed a material impact on our sales during 2021 and early 2022.

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NOTE

4–PROPERTY AND EQUIPMENT

Property and Equipment at March 31, 2022 and December 31, 2021 consisted of:

SCHEDULE

OF PROPERTY AND EQUIPMENT

	March 31,			December 31,
	2022			2021
Computer Equipment	$	4,005		$	4,005
Accumulated Depreciation		(1,035	)		(835	)
Net Property & Equipment	$	2,970		$	3,170

The

Company recognized $200 and $200 in depreciation expense for the three months ended March 31, 2022 and 2021, respectively.

NOTE

5–RELATED PARTY TRANSACTIONS

The

Company sells radiation monitors and to date has purchased all of its inventory from a company in Russia, which is owned by a minority shareholder of the Company. Total inventory purchased was $151,385 and $156,975 for the three months ended March 31, 2022 and 2021, respectively.

During

July 2017, the Company entered into an agreement with the Russian Affiliate to develop and update software for a new device for $180,000. The development contract ended December 31, 2019. The amount due in connection with this agreement as of March 31, 2022 and December 31, 2021 is $111,850.

In

April 2021, the Company began compensating its CEO, who is the majority shareholder. As of March 31, 2022, the Company has accrued $32,000 for this compensation. The Company expensed $8,000 and $-0- for the three months ended March 31, 2022, and 2021, respectively. As of March 31, 2022 and December 31, 2021, is due $28,683 and $ 43,729, respectively, for expenses paid by the shareholder on behalf of the Company, included in related party payables. The shareholder paid for $14,954 and $6,559 in expenses during the three months ended March 31, 2022, and 2021 respectively.

Sellavir

had $64,000 and $90,000 of revenue for the three months ended March 31, 2022 and 2021, respectively from a related entity wholly owned by the majority shareholder of the Company.

NOTE

6–SEGMENTS

The Company has two operating segments through the operations of Quarta-Rad and Sellavir. The Company evaluates the performance of its segments based on revenues, operating income(loss) and net income(loss).

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Segment information for the three months ended March 2022 and 2021 is as follows:

SCHEDULE

OF SEGMENT INFORMATION

For the three months ended March 31, 2022
	Quarta-Rad		Sellavir			Consolidated
Revenues	$	318,379		64,000		$	382,379
Income from operations		60,927		45,048			105,975
Net income/(loss)	$	48,132		(22,716	)	$	25,416
For the three months ended March 31, 2021
---	---	---	---	---	---	---	---
	Quarta-Rad			Sellavir		Consolidated
Revenues	$	244,679		$	90,000	$	334,679
Income/(loss) from operations		(4,950	)		67,867		62,917
Net income/(loss)	$	(3,910	)	$	56,359	$	52,449
Total Assets	As of <br> March 31, 2022		As of <br><br>December 31, 2021
---	---	---	---	---
Quarta-Rad	$	376,133	$	306,842
Sellavir		235,873		274,760
Total Assets	$	612,006	$	581,602

NOTE

7– COMMITMENTS AND CONTINGENCIES

Contingencies

The

Company is currently undergoing a multi-year VAT tax examination by certain European tax authorities. As of March 31, 2022, the outcome of these examinations is uncertain, and the Company is disputing any amounts due. The estimated liabilities on the VAT tax exposure could anywhere from $0 to $125,000 based on estimates and information provided to management. The Company believes its exposure is limited to $100,000, which was accrued in 2019. The Company paid $41,822 during 2020 and $35,680 during 2021 towards the estimated liability, a remainder of $22,498 is included in accounts payable and accrued expenses as of March 31, 2022 and December 31, 2021, respectively. Actual results from this matter could differ from this estimate.

Legal

In the normal course of business, the Company may become involved in various legal proceedings. The Company knows of no pending or threatened legal proceeding to which the Company is or will be a party that, if successful, might result in material adverse change in the Company’s business, properties or financial condition.

NOTE

8–SUBSEQUENT EVENTS

The Company has performed an evaluation of events occurring subsequent to March 31, 2022 through June 21, 2022. Based on its evaluation, there is nothing to be disclosed herein.

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

The following is management’s discussion and analysis of financial condition and results of operations and is provided as a supplement to the accompanying unaudited condensed financial statements and notes to help provide an understanding of our financial condition, results of operations and cash flows during the periods included in the accompanying unaudited condensed financial statements.

In this Quarterly Report on Form 10-Q, “Company,” “the Company,” “us,” and “our” refer to Quarta-Rad, Inc., a Delaware corporation, unless the context requires otherwise.

We intend the following discussion to assist in the understanding of our financial position and our results of operations for the three and three months ended March 31, 2022 and 2021. You should refer to the Financial Statements and related Notes in conjunction with this discussion.

Resultsof Operations

General

We were incorporated under the laws of the State of Delaware on November 29, 2011 with fiscal year end in December 31. We were formed to distribute and sell detection devices to homeowners and interested consumers in North America. Initially, our business plan was to sell products on consignment from Star Systems Japan, a corporation owned by our majority shareholder. We purchased these products from Quarta-Rad, Ltd., a company owned by our minority shareholder. We also targeted direct-to-consumer sales since we believe we can distribute these products through the Internet. We have never been party to any bankruptcy, receivership or similar proceeding, nor have we undergone any material reclassification, merger, consolidation, purchase or sale of a significant amount of assets not in the ordinary course of business.

During April 2020, we acquired Quarta-Rad USA, Inc., a Delaware corporation, as a wholly owned subsidiary. There was no consideration paid for the shares. The purpose of the acquisition is to separate the sales of certain products in separate entities. There was no activity, assets or liabilities in the subsidiary through March 31, 2022.

During December 2020, we acquired Sellavir, Inc, a Delaware corporation, under common control, as a wholly owned subsidiary. We acquired the company in exchange for 333,333 shares of our common stock. The value of the stock on the date of issue was approximately $170,000. Sellavir is a video analytics company whose platform empowers organizations to decode videos to develop creative marketing strategies and analysis through advanced and proprietary technologies.

As of the date of this Form 10-Q, we continue to expand our operations and expect to increase our revenues with additional working capital. Our chief executive officer and director, Victor Shvetsky, and our director and president, Alexey Golovanov, are our only employees. Mr. Shvetsky and Mr. Golovanov will devote at least ten hours per week to us but may increase the number of hours as necessary. Beginning in 2013, we began purchasing the products from Quarta-Rad, Ltd., our related party supplier and it shipped the products to us. We then shipped the products to a third-party online retailer, to hold for Internet sales and sales to our third-party resellers.

Our administrative office is located at 1201 N. Orange St., Suite 700, Wilmington, DE 19801, which is a virtual office.

We continue to focus our business operations on the development of our distribution agreements and reseller network as well as continue to advertise on the Internet. We plan to continue to utilize our website to promote the products to home renovation contractors and other purchasers of detection devices. We are promoting the detection products by advertising our website and marketing to independent distributors and others interested in detection devices. We purchase the products from QRR, which is owned by our minority shareholder and is the original manufacturer for RADEX product line. Under an oral agreement with QRR, we have the exclusive distribution rights for sale of QRR products in Europe, the US, and Asia (excluding China) for a period of 10 years. We sell the products we purchase from QRR directly to third party buyers and to resellers. The purchase terms require us to prepay for the products we purchase at a price that is set forth in each purchase order. In October 2018, our United Kingdom retail platform was suspended due to certain UK restrictions. We are in the process of becoming compliant in order to lift these restrictions and exploring and testing new partners for EU distribution. We initially reserved $100,000 on our balance sheet as accrued expenses in connection with this matter. The Company paid $41,822 during 2020 towards the estimated liability, and $35,679 in April 2021 . A remainder of $22,498 is included in accounts payable and accrued expenses as of March 31, 2022.

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Sellavir Consulting:

We expanded our operations through the acquisition of Sellavir Inc. in December 2020. Sellavir is an AI company that leverages its knowledge in neural networks to provide customized AI and development services to our clients. Our services are focused on offering customized solutions for image processing. Our current business model relies on identifying the specific customer needs and developing a software solution to address them. We currently do not have any clients in the US, and our sole revenue stream is from our Japanese reseller. We rely on their sales staff for the identification of new opportunities in the Japanese market. Quarta-Rad has acquired the company to:

- leverage Sellavir capabilities to combine it with its Radex series to offer AI-enhanced radiation detection capabilities

- expand its scope outside the radiation measurement

CriticalAccounting Policy and Estimates. Our Management’s Discussion and Analysis of Financial Condition and Results of Operations section discusses our condensed financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed financial statements and the reported amounts of revenues and expenses during the reporting period. On an on-going basis, management evaluates its estimates and judgments, including those related to revenue recognition, accrued expenses, financing operations, and contingencies and litigation. Management bases its estimates and judgments on historical experience 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. The most significant accounting estimates inherent in the preparation of our condensed financial statements include estimates as to the appropriate carrying value of certain assets and liabilities which are not readily apparent from other sources. In addition, these accounting policies are described at relevant sections in this discussion and analysis and in the notes to the condensed financial statements included in this Quarterly Report on Form 10-Q.

The following discussion of our financial condition and results of operations should be read in conjunction with our unaudited financial statements for the three months ended March 31, 2022 and 2021, together with notes thereto, which are included in this Quarterly Report on Form 10-Q.

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The Company has two operating segments through the operations of Quarta-Rad and Sellavir. Net income for the three months ended March 31, 2022 is comprised of:

	Quarta Rad			Sellavir			Total
Sales	$	318,379		$	64,000		$	382,379
Cost of Good Sold		201,955			17,967			219,922
Gross Profit		116,424			46,033			162,457
Expenses:
General & administrative		13,069			987			14,056
Advertising		11,200			-			11,200
Professional and consulting fees		31,226			-			31,226
Operating expenses		55,495			987			56,482
Net income (loss) from operations		60,929			45,046			105,975
Interest and dividends		-			3			3
Unrealized gain/(loss) on investments		-			(48,967	)		(48,967	)
Realized gain/(loss) on investments		-			(24,839	)		(24,839	)
Interest expense					-			-
Income tax benefit/(expense)		(12,795	)		6,039			(6,756	)
Net income/(loss)	$	48,134		$	(22,718	)	$	25,416

ConsolidatedTotals:

Threemonths ended March 31, 2022 compared with the three months ended March 31, 2021

**Revenues.**Our net revenues increased $47,700, or 14.25% to $382,379 for the three months ended March 31, 2022 compared with $344,679 for the three months ended March 31, 2021. The increase was due to an increase in the demand of our RD1503 model.

Costof Goods Sold. Our Cost of Goods Sold increased $29,594 or 15.55% to $219,922 for the three months ended March 31, 2022 compared to $190,328 for the comparable period in 2021. The increase was a direct result of the increase in sales.

OperatingExpenses. For the three months ended March 31, 2022, our total operating expenses decreased $24,952 or 30.64% to $56,482 compared to $81,434 for the three months ended March 31, 2021. The decrease is primarily attributable to the Company’s decrease in professional fees and advertising.

NetIncome. Our net income decreased $27,033 or 51.54% to $25,416 for the three months ended March 31, 2022 compared to net income of $52,449 for the three months ended March 31, 2021. The decrease was primarily due to realized and unrealized losses on investments.

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QUARTA-RAD

Threemonths ended March 31, 2022 compared with the three months ended March 31, 2021

**Revenues.**Our net revenues increased $73,700, or 30.12% to $318,379 for the three months ended March 31, 2022 compared with $244,679 for the three months ended March 31, 2021. The increase was due to an increase in the demand of our RD1503 model.

Costof Goods Sold. Our Cost of Goods Sold increased $11,627 or 6.11% to $201,955 for the three months ended March 31, 2022 compared to $190,328 for the comparable period in 2021. The increase was a direct result of the increase in sales.

OperatingExpenses. For the three months ended March 31, 2022, our total operating expenses decreased $3,084 or 6.41% to $55,497 compared to $59,301for the three months ended March 31, 2021. The decrease is primarily attributable to the Company’s decrease in professional fees and advertising.

NetIncome. Our net income increased $52,042 to $48,132 for the three months ended March 31, 2022 compared to a net loss of $3,910 for the three months ended March 31, 2021. The increase was primarily due to an increase in sales and reduction of expenses.

SELLAVIR

Threemonths ended March 31, 2022 compared with the three months ended March 31, 2021

**Revenues.**Our net revenues decreased $26,000 or 28.89% to $64,000 for the three months ended March 31, 2022 compared with $90,000 for the three months ended March 31, 2021. The decrease was primarily attributable to the timing of billed services

OperatingExpenses. For the three months ended March 31, 2022, our total operating expenses decreased $21,148 or 95.55% to. $985 compared to $22,133 for the three months ended March 31, 2021. The decrease was primarily attributable to a decrease in professional fees.

NetLoss. Our net loss increased $79,075 to ($22,716) for the three months ended March 31, 2022 compared to net income of $56,359 for the three months ended March 31, 2021. The increase was primarily attributable to realized and unrealized losses on investments.

Liquidityand Capital Resources. During the three months ended March 31, 2022, we used cash for operating expenses from cash on hand and the sale of products on the Internet and from independent, third party resellers and from consulting revenue from Sellavir.

Our total assets were $612,006 and $581,602 as of March 31, 2022 and December 31, 2021, respectively, consisting of $372,386 and $260,200, respectively, in cash. Our working capital was $323,954 and $291,762 as of March 31, 2022 and December 31, 2021, respectively.

We had $187,782 and $90,306 in cash provided by operating activities for the three months ended March 31, 2022 and 2021, respectively.

We had $75,596 and $85,010 in cash used in investing activities for net sale of marketable securities for the three months ended March 31, 2022 and 2021, respectively.

We had no cash provided by financing activities for the three months ended March 31, 2022 and 2021, respectively.

The Company had no formal long-term lines of credit or other bank financing arrangements as of March 31, 2022.

The Company has no current plans for the purchase or sale of any plant or equipment.

The Company has no current plans to make any changes in the number of employees.

Impactof Inflation

The Company believes that inflation has had a negligible effect on operations over the past quarter.

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CapitalExpenditures

The Company expended no amounts on capital expenditures for the three months ended March 31, 2022.

Planof Operation

Our business strategy is to continue to market our website (www.quartarad.com). We have used our website to market products for sale to consumers as well to third party distributors. We will continue to strengthen our presence on e-commerce sites. We are also focusing on expanding our reseller network by targeting large consumer retail chains.

The number of detection devices, which we will be able to sell will depend upon the success of our marketing efforts through our website and the distributors that we will enter into agreement with to sell the products.

During December 2020, Quarta-Rad acquired Sellavir, Inc, a Delaware corporation, under common control, as a wholly owned subsidiary. We acquired the company in exchange for 333,333 shares of our common stock. The value of the stock on the date of issue was approximately $170,000. Sellavir is a video analytics company whose platform empowers organizations to decode videos to develop creative marketing strategies and analysis through advanced and proprietary technologies. Quarta-Rad has acquired the company to leverage Sellavir capabilities to combine it with its Radex series to offer AI-enhanced radiation detection capabilities and expand its scope outside of radiation measurement.

We intend to implement the following tasks within the next twelve months:

Inventory:

We intend to purchase inventory to increase our sales. We believe that these funds will be initially sufficient for us to increase our inventory from Quarta-Rad, Ltd. The amount needed for inventory purchases is directly related to the demand for sales of our product.

Marketing: (Estimated cost $25,000-$75,000). In addition to the website modification costs, we intend to increase our marketing efforts on the Internet to generate leads and sales. We will also utilize funds to develop marketing brochures and materials to market the products to industry professionals such as home renovation contractors.

SecureDistribution Agreements: (Estimated cost $10,000). We plan to seek and secure distribution agreements for the sale of our detection devices.

Our management does not anticipate the need to hire additional full or part- time employees over the next three (3) months, as the services provided by our officers and directors and our independent contractor appear sufficient at this time. We believe that our operations are currently on a small scale that is manageable by these two individuals as well as our independent contractor. Our management’s responsibilities are mainly administrative at this stage. While we believe that the addition of employees is not required over the next three (3) months, the professionals we plan to utilize will be considered independent contractors. We do not intend to enter into any employment agreements with any of these professionals. Thus, these persons are not intended to be employees of our company.

We currently do not own any equipment that we would seek to sell in the near future; we do not have any off-balance sheet arrangements; and we have not paid for expenses on behalf of our directors.

Off-BalanceSheet Arrangements

None.

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ForwardLooking Statements

ThisQuarterly Report on Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations”in Item 2 of Part I of this report include forward-looking statements within the meaning of Section 27A of the Securities Exchange Actof 1934, as amended, and the Private Securities Litigation Reform Act of 1995 (collectively, the “Reform Act”). The ReformAct provides a safe harbor for forward-looking statements to encourage companies to provide prospective information about themselvesso long as they identify these statements as forward-looking and provide meaningful cautionary statements identifying important factorsthat could cause actual results to differ from the projected results. All statements, other than statements of historical fact that wemake in this Quarterly Report on Form 10-Q are forward-looking. The words “anticipates,” “believes,” “expects,”“intends,” “will continue,” “estimates,” “plans,” “projects,” the negativeof these terms and similar expressions are intended to identify forward-looking statements. However, the absence of these words doesnot mean the statement is not forward-looking.

Forward-lookingstatements involve risks, uncertainties or other factors which may cause actual results to differ materially from the future results,performance or achievements expressed or implied by the forward-looking statements. These statements are based on our management’sbeliefs and assumptions, which in turn are based on currently available information. Certain risks, uncertainties or other importantfactors are detailed in this Quarterly Report on Form 10-Q and may be detailed from time to time in other reports we file with the Securitiesand Exchange Commission, including on Forms 8-K and 10-K.

Weoperate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for us to predictall those risks, nor can we assess the impact of all those risks on our business or the extent to which any factor may cause actual resultsto differ materially from those contained in any forward-looking statement. We believe these forward-looking statements are reasonable.However, you should not place undue reliance on any forward-looking statements, which are based on current expectations. Further, forward-lookingstatements speak only as of the date they are made, and unless required by law, we expressly disclaim any obligation or undertaking toupdate publicly any of them considering new information or future events.

CriticalAccounting Policies

Our condensed financial statements and accompanying notes have been prepared in accordance with U.S. GAAP. The preparation of these financial statements requires management to make estimates, judgments and assumptions that affect reported amounts of assets, liabilities, revenues and expenses. We continually evaluate the accounting policies and estimates used to prepare the condensed financial statements. The estimates are based on historical experience and assumptions believed to be reasonable under current facts and circumstances. Actual amounts and results could differ from these estimates made by management. Certain accounting policies that require significant management estimates and are deemed critical to our results of operations or financial position are discussed in our Annual Report on Form 10-K for the year ended December 31, 2021 and Note 1 to the Condensed and Consolidated Financial Statements in this Form 10-Q.

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

Disclosure of controls and procedures.

The Company is responsible for establishing and maintaining adequate internal control over financial reporting in accordance with the Rule 13a-15 of the Securities Exchange Act of 1934. The Company’s officer, its president, conducted an evaluation of the effectiveness of the Company’s internal control over financial reporting as of March 31, 2022 based on the criteria establish in Internal Control Integrated Framework issued by the 2013 Committee of Sponsoring Organizations of the Treadway Commission. Based on the foregoing evaluation, we have concluded that our disclosure controls and procedures were not effective as of March 31, 2022 and that they do not allow for information required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission (“SEC”) rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to the Company’s management, including its Chief Executive and Principal Accounting & Financial Officers as appropriate to allow timely decisions regarding required disclosure.

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The material weaknesses relate to the following:

●	We<br> do not have adequate segregation of duties in the handling of our financial reporting. This<br> is caused by a very limited number of personnel.
●	Our<br> accounting staff does not have sufficient technical accounting knowledge relating to accounting<br> for income taxes and complex US GAAP matters.
●	The<br> Company has not performed a risk assessment and mapped our process to control objectives.
●	The<br> Company has not implemented comprehensive entity-level internal controls.
●	The<br> Company has not implemented adequate system and manual controls.

Plan for Remediation of Material Weaknesses

We intend to take appropriate and reasonable steps to make the necessary improvements to remediate this deficiency as resources to do so become available. We intend to consider the results of our remediation efforts and related testing as part of our year-end 2022 assessment of the effectiveness of our internal control over financial reporting.

Such remediation would entail enhancing the training and oversight of the accounting personnel responsible for non-routine transactions involving complex accounting matters and engaging the services of an independent consultant with sufficient expertise in income tax and complex U.S. GAAP matters to assist us in the preparation of our financial statements.

Management believes that the aforementioned material weaknesses did not impact our financial reporting or result in a material misstatement of our condensed financial statements.

Changes in internal controls over financial reporting.

There were no changes in our internal control over financial reporting that occurred during the period covered by this Quarterly Report on Form 10-Q that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART

II — OTHER INFORMATION

Item

Legal Proceedings

None.

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

None.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

Item 6. Exhibits

(a)	The<br> following exhibits are filed with this quarterly report on Form 10-Q or are incorporated<br> herein by reference:
Exhibit Number	Description
---	---
31.1	Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934*.
---	---
31.2	Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of the Securities Exchange Act of 1934*.
---	---
32.1	Certification of the Chief Executive Officer pursuant to 18 U.S.C Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*.
---	---
32.2	Certification of the Chief Financial Officer pursuant to 18 U.S.C Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002*.
---	---
101.INS	Inline XBRL Instance Document
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

* Filed herewith.

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Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	QUARTA-RAD, INC.
June<br> 21, 2022	/s/ Victor Shvetsky
	Victor<br> Shvetsky
	Chairman<br> and Chief Executive Officer (Principal Executive Officer) and Chief Financial Officer (Principal Accounting and Financial Officer)

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Exhibit31.1

CERTIFICATIONPURSUANT TO SECTION 302 (a) OF THE SARBANES-OXLEY ACT OF 2002

I, Victory Shvetsky, Chairman and Chief Executive Officer, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Quarta-Rad, Inc. (the “registrant”);

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 quarterly report;

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

4. The registrant’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 registrant 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 registrant, is made known to us by others within the entity, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’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

(d) Disclosed in this report any change in the registrant’s internal controls over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal controls over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’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 registrant’s internal controls over financial reporting.

Dated:<br> June 21, 2022	/s/ Victor Shvetsky
	Victor<br> Shvetsky
	Chief Executive Officer (Principal Executive Officer)

Exhibit31.2

CERTIFICATIONPURSUANT TO SECTION 302 (a) OF THE SARBANES-OXLEY ACT OF 2002

I, Victory Shvetsky, Chief Financial Officer of Quarta-Rad, Inc., certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Quarta-Rad, Inc. (the “registrant”);

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal controls over financial reporting.

Dated:<br> June 21, 2022	/s/ Victor Shvetsky
	Victor<br> Shvetsky
	Chief Financial Officer (Principal Financial Officer)

Exhibit32.1

CERTIFICATIONPURSUANT TO 18 U.S.C. SECTION 1350 AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Quarta-Rad, Inc. (the “Company”) for the quarter ended March 31, 2022, as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, Victory Shvetsky, the Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

1. 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.

Dated:<br> June 21, 2022	/s/ Victor Shvetsky
	Victor<br> Shvetsky
	Chief Executive Officer (Principal Executive Officer)

Exhibit32.2

CERTIFICATIONPURSUANT TO 18 U.S.C. SECTION 1350, AS ENACTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of Quarta-Rad, Inc. (the “Company”) for the quarter ended March 31, 2022, as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, Victory Shvetsky, the Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as enacted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:

1. 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.

Dated:<br> June 21, 2022	/s/ Victor Shvetsky
	Victor<br> Shvetsky
	Chief Financial Officer (Principal Financial Officer)