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Item 9A. Controls and Procedures

2021-11-10 compared with 2021-08-31 · 228 added, 418 removed, 124 unchanged (84% of the section changed)

CONTROLS AND PROCEDURES

of Disclosure Controls and Procedures

Our management

conducted an evaluation, with the participation of our Chief Executive Officer, who is our principal executive officer and our principal

financial and accounting officer, of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e)

under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) as of the end of the period covered by this registration

statement on Form 10.

Based on that evaluation, we concluded that because of the material weakness and significant deficiencies in our

internal control over financial reporting described below, our disclosure controls and procedures were not sufficient as of September

Such weaknesses and deficiencies are principally caused by our lack of employees and financial resources.

Evaluation of Disclosure Controls and Procedures

Our management conducted an evaluation, with the participation of our Chief Executive

Officer, who is our principal executive officer and our principal financial and accounting officer, of the effectiveness of our disclosure

controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange

Act”) as of the end of the period covered by this annual report on Form 10-K.

Based on that evaluation, we concluded that

because of the material weakness and significant deficiencies in our internal control over financial reporting described below, our disclosure

controls and procedures were not sufficient as of September 30, 2021.

Such weaknesses and deficiencies are principally caused by our lack

of employees and financial resources.

OTHER INFORMATION

of Common Stock

Stock Reverse

The Company’s

common shares were reverse split 10,000 to 1 effective March 10, 2021.

Stock Issuances

1, 2020, our sole director and officer purchased 800,000 post-split common shares for $100 cash payable upon the effectiveness of such

split, which occurred on March 10, 2021.

of Common Stock

authorized to issue 250,000,000 shares of our Common Stock, no par value (the "Common Stock").

Each share of the Common Stock

is entitled to share equally with each other share of Common Stock in dividends from sources legally available therefore, when, and if,

declared by our board of directors and, upon our liquidation or dissolution, whether voluntary or involuntary, to share equally in the

assets of the Company that are available for distribution to the holders of the Common Stock.

Each holder of Common Stock is entitled

to one vote per share for all purposes, except that in the election of directors, each holder shall have the right to vote such number

of shares for as many persons as there are directors to be elected.

Cumulative voting shall not be allowed in the election of directors

or for any other purpose, and the holders of Common Stock have no preemptive rights, redemption rights or rights of conversion with respect

to the Common Stock.

Our board of directors is authorized to issue additional shares of our Common Stock within the limits authorized

by our Articles of Incorporation and without stockholder action.

All shares of Common Stock have equal voting rights, and voting rights

are not cumulative.

of 888,579 shares of common stock are issued and outstanding.

of Preferred Stock

50,000,000 authorized shares of preferred stock, 1,000,000 shares have been designated as Class A, 1,000,000 shares as Class B, and the

remaining 48,000,000 shares are undesignated.

of Class A preferred is entitled to 100 votes on all matters presented to the Company’s shareholders for action.

The Class A does

not have any liquidation preference, additional voting rights, anti-dilution rights, or any other preferential rights.

of Class B preferred is convertible into 10 shares of the Company’s common stock.

The Class B preferred does not have any liquidation

preference, voting rights, other conversion rights, anti-dilution rights, or any other preferential rights.

no preferred shares issued and outstanding.

DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

Not applicable.

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Directors and Executive Officers

The following table sets forth

the names, ages, and positions with us for each of our directors and officers as of September 30, 2020:

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE

and Executive Officers

The following table

sets forth the name, age, and position with us for our sole director and officer as of September 30, 2021:

Danilo Cacciamatta

3 unchanged sentences

First National Bancorp in June 2001.

That Board has determined that he qualifies as an “audit committee financial expert”.

In June 2020, he was elected to the Board of Directors of West Texas Resources.

Cacciamatta was the CEO of Cacciamatta Accountancy

Corporation, a PCAOB registered independent public accounting firm specializing in audits of SEC reporting companies, from 1989 to 2010.

From 1972 to 1988, Mr.

Cacciamatta was with KPMG Peat Marwick, first as a management consultant in Milan, Italy, and later in the audit

group of the Orange County office in California.

In June 2020, he was elected to the Board of Directors of West Texas Resources, and in May, 2021,

he was elected to the Board of Directors of iPower Inc.

(Nasdaq:IPW).

Cacciamatta was the CEO of Cacciamatta Accountancy Corporation,

a PCAOB registered independent public accounting firm specializing in audits of SEC reporting companies, from 1989 to 2010.

Cacciamatta was with KPMG Peat Marwick, first as a management consultant in Milan, Italy, and later in the audit group of

the Orange County office in California.

He was elected to partnership in 1980.

His CPA license from the state of California

is currently inactive.

Cacciamatta graduated from Pomona College with a B.A in economics and the University of California at Riverside

with an M.B.A.

OF INTEREST –

director and officer is, or may become, in his individual capacities, an officer, director, controlling shareholder and/or partner of

other entities engaged in a variety of businesses.

Thus, there exist potential conflicts of interest including, among other things, time,

efforts, and corporation opportunity, involved in participation with such other business entities.

His CPA license from the state of California is currently

Cacciamatta graduated from Pomona College with a B.A in economics and the University of California at Riverside with an

The Board has determined that he qualifies as an “audit committee financial expert”.

OF INTEREST – GENERAL

sole director and officer is, or may become, in his individual capacity, an officer, director, controlling shareholder and/or partner

of other entities engaged in a variety of businesses.

Thus, there exist potential conflicts of interest including, among other things,

time, efforts, and corporation opportunity, involved in participation with such other business entities.

While our sole officer and director

1 unchanged sentence

OF INTEREST - CORPORATE OPPORTUNITIES

no requirement contained in our Articles of Incorporation, Bylaws, or minutes which requires officers and directors of our business to

disclose to us business opportunities which come to their attention.

Our officers and directors do, however, have a fiduciary duty of

loyalty to us to disclose to us any business opportunities which come to their attention, in their capacity as an officer and/or director

or otherwise.

Excluded from this duty would be opportunities which the person learns about through his involvement as an officer and

director of another company.

We have no intention of merging with or acquiring an affiliate, associate person or business opportunity

from any affiliate or any client of any such person.

are no requirements in our Articles of Incorporation or Bylaws which requires officers and directors of the Company to disclose to us

business opportunities which come to their attention.

Our officers and directors do, however, have a fiduciary duty of loyalty to us

to disclose to us any business opportunities which come to their attention, in their capacity as an officer and/or director or otherwise.

Excluded from this duty would be opportunities which the person learns about through his involvement as an officer and director of another

We have no intention of merging with or acquiring an affiliate, associate person or business opportunity from any affiliate

or any client of any such person.

OF THE BOARD OF DIRECTORS

of our Board are elected for one-year terms, to hold office until the next general meeting of stockholders, or until removed from office

in accordance with our bylaws.

does not maintain a separate audit, nominating or compensation committee.

Functions customarily performed by such committees are performed

by the Board as a whole.

members of our Board are elected for one-year terms, to hold office until the next general meeting of stockholders, or until removed

from office in accordance with our bylaws.

Board does not maintain a separate audit, nominating or compensation committee.

Functions customarily performed by such committees are

performed by the Board as a whole.

Code of Ethics

we have not adopted a Code of Ethics applicable to our principal executive officer and principal financial officer because the Company

has no meaningful operations.

date, we have not adopted a Code of Ethics applicable to our principal executive officer and principal financial officer because the

Company has no meaningful operations.

The Company does not believe that a formal written code of ethics is necessary at this time.

that the Company will adopt a code of ethics if and when the Company successfully completes a business combination that results in the

acquisition of an on-going business and thereby commences operations.

On August 1, 2020 Mr.

Danilo Cacciamatta

was formally elected our sole director and officer.

expect that the Company will adopt a code of ethics if and when the Company successfully completes a business combination that results

in the acquisition of an on-going business and thereby commences operations.

EXECUTIVE COMPENSATION

during the years ended September 30, 2020 and 2019 was as follows:

AND PRINCIPAL POSITION

& Sole Officer

Director & Sole Officer

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER

The following

table sets forth as of March 21, 2021 the number and percentage of the outstanding shares of common stock, which, according to the information

available to us, were beneficially owned by:

each person who is currently a director,

each executive officer,

all current directors and executive

officers as a group, and

each person who is known by us to

own beneficially more than 5% of our outstanding common stock.

as otherwise indicated, the persons named in the table have sole voting and dispositive power with respect to all shares beneficially

owned, subject to community property laws where applicable.

and Address of Beneficial Owner (1)

of Common Shares

Danilo Cacciamatta, sole

officer, and director

All executive officers,

beneficial owners, and directors as a group

Goss Rd, Cheney, WA

RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Danilo Cacciamatta was our

sole director and officer for fiscal years 2021 and 2020.

He served on an interim basis until August 1, 2020, on which date he was formally

elected to these positions.

compensation during the two fiscal years ended September 30, 2021, was as follows:

NAME AND PRINCIPAL POSITION

NONQUALIFIED DEFERRED COMPENSATION ($)

Danilo Cacciamatta,

is our sole director and officer.

Other than the office provided by Mr.

Cacciamatta at no cost to the Company, we did not have other

related party transactions.

Employee Benefit

We have no employee

benefit plans or stock option plans.

Director, President,

Chief Executive Officer,

Chief Financial Officer

SECURITY OWNERSHIP

OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

following table sets forth as of November 7, 2021 the number and percentage of the outstanding shares of Common Stock,

which, according to the information available to us, were beneficially owned by:

who is currently a director,

each executive

directors and executive officers as a group, and

who is known by us to own beneficially more than 5% of our outstanding Common Stock.

Except as otherwise

indicated, the persons named in the table have sole voting and dispositive power with respect to all shares beneficially owned, subject

to community property laws where applicable.

Name and Address of Beneficial Owner

Number of Common Shares

Percent of Class

Danilo Cacciamatta, sole officer, and director (1)

All executive officers, beneficial owners, and directors as a group

Goss Rd, Cheney, WA 9904

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Cacciamatta, our sole director and officer, provides office space at no cost to the Company.

There are no other related party transactions.

PRINCIPAL ACCOUNTANT FEES AND SERVICES

Not applicable.

We are an inactive registrant.

EXHIBIT AND FINANCIAL STATEMENT SCHEDULES

(a) Financial

Reference is made to the

Index and Financial Statements under Item 8 hereof.

(b) Financial

statement schedules

Financial statements

Our unaudited financial statements are included herein commencing on

page F-1 following..

Financial statement schedules

Schedules are not required.

The exhibits to this annual

report are listed below.

of Incorporation of the Registrant (Incorporated by reference to the Company’s Form SB-2, filed on April 26, 2002) .

of Amendment to the Articles of Incorporation of the Registrant filed November 7, 1994 (Incorporated by reference to the Company’s

Form SB-2, filed on April 26, 2002) .

of Amendment to the Articles of Incorporation of the Registrant filed December 5, 1994 ((Incorporated by reference to the Company’s

Form SB-2/A, filed on June 6, 2002) (3)

of Amendment to the Articles of Incorporation of the Registrant filed October 16, 1995 (Incorporated by reference to the Company’s

Form SB-2, filed on April 26, 2002) .

of Amendment to the Articles of Incorporation of the Registrant filed April 16, 2003 (Incorporated by reference to the Company’s

Form SB-2/A, filed on May 2, 2003) .

of Amendment to the Articles of Incorporation of the Registrant filed August 3, 2004 (Incorporated by reference to the

Company’s Form 10QSB, filed on August 20, 2004

of Amendment to the Articles of Incorporation of the Registrant filed August 12, 2005 (Incorporated by reference to the

Company’s Form 10KSB filed on January 26, 2006

of Amendment to the Articles of Incorporation of the Registrant filed June 30, 2006 (Incorporated by reference to the

Company’s Form SB-2 filed on September 8, 2006.

of the Registrant (Incorporated by reference to the Company’s

Form SB-2, filed on April 26, 2002) .

Purchase Agreement dated as of November 27, 2002 by and between the Registrant and the purchasers named therein (Incorporated by reference

to the Company’s Form 10KSB, filed on January 21, 2003) .

of Common Stock Purchase Warrant dated as of November 27, 2002 (Incorporated by reference to the Company’s Form 10KSB, filed on

January 21, 2003) .

Rights Agreement dated as of November 27, 2002 by and between the Registrant and the investors named therein (Incorporated by reference

to the Company’s Form 10KSB, filed on January 21, 2003) .

Agreement dated as of November 27, 2002 between the Registrant and the secured parties named therein (Incorporated by reference to the

Company’s Form 10KSB, filed on January 21, 2003) .

Property Security Agreement dated as of November 27, 2002 between the Registrant and the secured parties named therein (Incorporated

by reference to the Company’s Form 10KSB, filed on January 21, 2003) .

of Secured Convertible Debenture due March 3, 2004 (Incorporated by reference to the Company’s Form SB-2/A, filed on May 2, 2003) .

Form of Common Stock Purchase Warrant dated as of March 3, 2003 (Incorporated by reference to the Company’s Form SB-2/A, filed on May 2, 2003) .

of Secured Convertible Debenture due May 12, 2004 (Incorporated by reference to the Company’s Form 10QSB, filed on August 21, 2003) .

of Common Stock Purchase Warrant dated as of May 12, 2003 (Incorporated by reference to the Company’s Form 10QSB ,filed August

Purchase Agreement dated as of November 25, 2003 by and between the Registrant and the purchasers named therein (Incorporated by reference

to the Company’s Form 10KSB, filed on February 12, 2004) .

of Secured Convertible Debenture due November 25, 2004 (Incorporated by reference to the Company’s Form 10KSB, filed on February

of Common Stock Purchase Warrant dated as of November 25, 2003 (Incorporated by reference to the Company’s Form 10KSB, filed on

February 12, 2004) .

Rights Agreement dated as of November 25, 2003 by and between the Registrant and the investors named therein (Incorporated by reference

to the Company’s Form 10KSB, filed on February 12, 2004) .

Agreement dated as of November 25, 2003 between the Registrant and the secured parties named therein (Incorporated by reference to the

Company’s Form 10KSB, filed on February 12, 2004) .

Property Security Agreement dated as of November 25, 2003 between the Registrant and the secured parties named therein (Incorporated

by reference to the Company’s Form 10KSB, filed on February 12, 2004) .

of Secured Convertible Debenture due December 3, 2004 (Incorporated by reference to the Company’s Form 10KSB, filed on February

of Common Stock Purchase Warrant dated as of December 3, 2003 (Incorporated by reference to the Company’s Form 10KSB, filed on

February 12, 2004) .

of Secured Convertible Debenture due December 31, 2004 (Incorporated by reference to the Company’s Form 10KSB, filed on February

of Common Stock Purchase Warrant dated as of December 31, 2003 (Incorporated by reference to the Company’s Form 10KSB, filed on

February 12, 2004) .

of Secured Convertible Debenture due February 18, 2005 (Incorporated by reference to the Company’s Form 10QSB, filed on March 12,

of Common Stock Purchase Warrant dated as of February 18, 2004 (Incorporated by reference to the Company’s Form 10QSB, filed on

March 12, 2004) .

1 to Securities Purchase Agreement dated as of March 4, 2004 by and between the Registrant and the persons named therein (Incorporated

by reference to the Company’s Form SB-2, filed on June 25, 2004) .

of Secured Convertible Debenture due March 4, 2005 (Incorporated by reference to the Company’s

Form 10QSB, filed on March 12, 2004) .

of Common Stock Purchase Warrant dated as of March 4, 2004 (Incorporated by reference to the Company’s Form 10QSB, filed on March

Purchase Agreement dated as of April 19, 2004 by and between the Registrant and the purchasers named therein (Incorporated by reference

to the Company’s Form SB-2, filed on June 25, 2004) .

of Common Stock Purchase Warrant dated as of April 19, 2004 (Incorporated by reference to the Company’s Form SB-2, filed on June

Rights Agreement dated as of April 19, 2004 by and between the Registrant and the investors named therein (Incorporated by reference

to the Company’s Form SB-2, filed on June 25, 2004) .

Agreement dated as of April 19, 2004 between the Registrant and the secured parties named therein (Incorporated by reference to the Company’s

Form SB-2, filed on June 25, 2004) .

Property Security Agreement dated as of April 19, 2004 between the Registrant and the secured parties named therein (Incorporated by

reference to the Company’s Form SB-2, filed on June 25, 2004) .

of Common Stock Purchase Warrant dated as of June 30, 2004 (Incorporated by reference to the Company’s Form 10-QSB, filed on

August 20, 2004) .

of Common Stock Purchase Warrant dated as of September 9, 2004 (Incorporated by reference to the Company’s Form 10KSB, filed on

January 27, 2005) .

Purchase Agreement dated as of March 17, 2005 by and between the Registrant and the purchasers named therein (Incorporated by reference

to the Company’s Current Report on Form 8-K, filed on March 21, 2005) .

of Callable Secured Convertible Note due March 17, 2007 (Incorporated by reference to the Company’s Current Report on Form 8-K,

filed on March 21, 2005) .

of Stock Purchase Warrant dated as of March 17, 2005 (Incorporated by reference to the Company’s Current Report on Form 8-K, filed

on March 21, 2005).

Rights Agreement dated as of March 17, 2005 by and between the Registrant and the investors named therein (Incorporated by reference to the Company’s Current

Report on Form 8-K, filed on March 21, 2005) .

Agreement dated as of March 17, 2005 between the Registrant and the secured parties named therein (Incorporated by reference to the Company’s

Current Report on Form 8-K, filed on March 21, 2005) .

Property Security Agreement dated as of March 17, 2005 between the Registrant and the secured parties named therein (Incorporated by

reference to the Company’s Current Report on Form 8-K, filed on March 21, 2005) .

Purchase Agreement dated as of March 8, 2006 by and between the Registrant and the purchasers named therein (Incorporated by reference

to the Company’s Current Report on Form 8-K, filed on March 15, 2007) .

of Callable Secured Convertible Note due March 8, 2009 (Incorporated by reference to the Company’s Current Report on Form 8-K,

filed on March 15, 2007) .

of Stock Purchase Warrant dated as of March 8, 2006 (Incorporated by reference to the Company’s Current Report on Form 8-K, filed

on March 15, 2007) .

Rights Agreement dated as of March 8, 2006 by and between the Registrant and the investors named therein (Incorporated by reference to the Company’s Current

Report on Form 8-K, filed on March 15, 2007) .

Agreement dated as of March 8, 2006 between the Registrant and the secured parties named therein (Incorporated by reference to the Company’s

Current Report on Form 8-K, filed on March 15, 2007) .

Property Security Agreement dated as of March 8, 2006 between the Registrant and the secured parties named therein (Incorporated by reference

to the Company’s Current Report on Form 8-K, filed on March 15, 2007) .

Purchase Agreement dated as of February 13, 2007 by and between the Registrant and the purchasers named therein (Incorporated by reference

to the Company’s Current Report on Form 8-K, filed on February 20, 2007) .

of Callable Secured Convertible Note dated as of February 13, 2007 (Incorporated by reference to the Company’s Current Report on

Form 8-K, filed on February 20, 2007) .

of Stock Purchase Warrant dated as of February 13, 2007 (Incorporated by reference to the Company’s Current

Report on Form 8-K, filed on February 20, 2007) .

Rights Agreement dated as of February 13, 2007 by and between the Registrant and the investors named therein (Incorporated by reference

to the Company’s Current Report on Form 8-K, filed on February 20, 2007) .

Agreement dated as of February 13, 2007 between the Registrant and the secured parties named therein (Incorporated by reference to the

Company’s Current Report on Form 8-K, filed on February 20, 2007) .

Property Security Agreement dated as of February 13, 2007 (Incorporated by reference to the Company’s Current Report on Form 8-K,

filed on February 20, 2007)

Certification Required by Rule 13a-14(a) of the Securities Exchange Act

of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes- Oxley Act of 2002

Certification Required by Rule 13a-14(a) of the Securities Exchange Act

of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

Certification of Chief Executive Officer and Chief Financial Officer Pursuant

The exhibits to this annual report are

listed below.

Certification of the Chief Executive Officer Required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes- Oxley Act of 2002

Certification of the Chief Financial Officer Required by Rule 13a-14(a) of the Securities Exchange Act of 1934, as amended, as Adopted Pursuant to Section 302 of the Sarbanes- Oxley Act of 2002

Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C.

Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

* Filed herewith.

**Furnished herewith.

Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)**

Inline XBRL Taxonomy Extension Schema Document**

Inline XBRL Taxonomy Extension Calculation Linkbase Document**

Inline XBRL Taxonomy Extension Definition Linkbase Document **

Inline XBRL Taxonomy Extension Label Linkbase Document **

Inline XBRL Taxonomy Extension Presentation Linkbase Document**

Cover Page Interactive Data File (formatted in IXBRL, and included in exhibit 101).**

FORM 10-K SUMMARY

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.

CONECTISYS CORPORATION

/s/ Danilo Cacciamatta

Danilo Cacciamatta

Executive Officer

Principal Accounting Officer

August 31, 2021

TO UNAUDITED FINANCIAL STATEMENTS

Balance Sheets as of September 30, 2021 and 2020

Statements of Operations for the years ended September 30, 2021 and 2020

Statements of Changes in Shareholders' (Deficit) for the years ended September 30, 2021 and 2020

Statements of Cash Flows for the years ended September 30, 2021 and 2020

Notes to Unaudited Financial Statements

BALANCE SHEETS

3 unchanged sentences

Property and equipment, net

LIABILITIES AND STOCKHOLDERS’

LIABILITIES AND DEFICIT

Current liabilities

19 unchanged sentences

other comprehensive income (loss)

Stockholders’

Total liabilities

and stockholders’

* On March 10, 2021, the

Company implemented a 10,000 to 1 reverse split of the issued and outstanding shares of its common stock.

Except for shares authorized,

all references to number of shares and per share information in these unaudited financial statements have been retroactively adjusted

to reflect such split.

See notes to the unaudited

financial statements.

CONECTISYS CORPORATION

STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

*On March 10, 2021, the Company

implemented a 10,000 for 1 reverse split of its issued and outstanding shares of common stock.

Except for shares authorized, all references

to number of shares and per share information have been retroactively adjusted to reflect such split.

notes to unaudited financial statements.

STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS)

For the Years Ended September 30,

12 unchanged sentences

Basic and diluted

10, 2021, the Company implemented a 10,000 to 1 reverse split of the issued and outstanding shares of its common stock.

Except for shares

authorized, all references to number of shares and per share information in these unaudited financial statements have been retroactively

adjusted to reflect such split.

See notes to the unaudited

financial statements.

CONECTISYS CORPORATION

UNAUDITED STATEMENTS OF CHANGES

*On March 10, 2021, the Company implemented a 10,000 for 1 reverse

split of its issued and outstanding shares of common stock.

Except for shares authorized, all references to number of shares and per share

information have been retroactively adjusted to reflect such split.

notes to unaudited financial statements.

STATEMENTS OF CHANGES IN DEFICIT

Common Stock*

1 unchanged sentence

$ ( 32,267,766 )

Balance, December 30, 2019

Shares subscribed

Balance, September 30, 2020

$ ( 32,273,707 )

2 unchanged sentences

$ ( 32,277,981 )

* On March 10, 2021, the Company implemented a 10,000 to 1 reverse split

of the issued and outstanding shares of its common stock.

Except for shares authorized, all references to number of shares and per share

information in these unaudited financial statements have been retroactively adjusted to reflect such split.

See notes to the unaudited financial statements.

CONECTISYS CORPORATION

UNAUDITED CONDENSED STATEMENTS

OF CASH FLOWS

*On March 10, 2021, the Company

implemented a 10,000 for 1 reverse split of its issued and outstanding shares of common stock.

Except for shares authorized, all references

to number of shares and per share information have been retroactively adjusted to reflect such split.

to unaudited financial statements.

STATEMENTS OF CASH FLOWS

the Years Ended September 30,

12 unchanged sentences

for income tax

See notes to the consolidated financial statements

notes to unaudited financial statements.

to Unaudited Financial Statements

Note 1 - Nature of

business and organization

Corporation (the “Company”) was incorporated in Colorado on February 2, 1986 under the name Coastal Financial Corp.

Note 1 - Nature

of business and organization

ConectiSys Corporation

(the “Company”) was incorporated in Colorado on February 2, 1986 under the name Coastal Financial Corp.

On December 5, 1994,

Coastal Financial Corp.

1 unchanged sentence

which changed its name on October 16, 1995, to ConectiSys Corporation.

Company was engaged in the development of a low-cost automatic meter reading, or AMR, solution until it ceased all business activity

was an SEC reporting company until 2008.

The Company was

engaged in the development of a low-cost automatic meter reading, or AMR, solution until it ceased all business activity in 2008.

Conectisys was an

SEC reporting company until 2008.

Its last Form 10-K, for the fiscal year 2007, was filed on Jan 4, 2008;

its last Form 10-Q,

for the three and nine months ended June 30, 2008, was filed on Sep.

of June 30, 2008, Conectisys had notes payable aggregating $6,633,312.

this total, several five-year notes aggregating $3,082,655 were payable to NIR & Affiliates.

its last Form 10-Q, for the

three and nine months ended June 30, 2008, was filed on Sep.

As of June 30, 2008,

Conectisys had notes payable aggregating $6,633,312.

Of this total, several

five-year notes aggregating $3,082,655 were payable to NIR & Affiliates.

NIR was a mutual fund run by Corey Ribotsky.

NIR provided Conectisys with significant funding from 2002 through 2008 in the form of convertible notes with stock conversion at a significant

discount to the market (up to 80% at times) commonly known as a “pipe”.

In March 2008 NIR provided the last of its funding

to Conectisys.

In the 3rd quarter of 2008 Conectisys was in default on its obligations to NIR by (1) failure to pay interest and (2)

failure to maintain an active SB-2 filing for issuance of the convertible shares.

In 2009, Conectisys failed to timely file its 2008

Conectisys was removed from trading on the OTC and began trading on the Pink Sheets.

balance of the convertible notes, aggregating $ 3.550,657, were payable to AJW, New Millennium Capital Partners and Laurus Master Fund.

the notes were due at various times from 2002 to 2008.

There were no repayments and, after the six-year statute of limitations, all the

notes and the related accrued interest, $498,132 as of June 30, 2008, became null and void at various times through April 2017.

was a victim of predatory lending by Corey Ribotsky and his NIR Group, as evidenced by a civil complaint filed by the U.S, Securities

& Exchange Commission (“SEC”) against Mr.

Ribotsky, NIR and others on September 28, 2011 in Federal Court in the Eastern

District of New York.

settle the SEC's related administrative proceedings, Ribotsky consented to be barred from any future association with any broker, dealer,

investment adviser, municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization.

statute of limitations to sue in contract matters or debt collection is 6 years in the State of New York which was the agreed upon jurisdiction

by both Conectisys and NIR.

Conectisys with significant funding from 2002 through 2008 in the form of convertible notes with stock conversion at a significant discount

to the market (up to 80% at times) commonly known as a “pipe”.

In March 2008 NIR provided the last of its funding to Conectisys.

In the 3rd quarter of 2008 Conectisys was in default on its obligations to NIR by (1) failure to pay interest and (2) failure to maintain

an active SB-2 filing for issuance of the convertible shares.

In 2009, Conectisys failed to timely file its 2008 10-K Report.

was removed from trading on the OTC and began trading on the Pink Sheets.

The balance of the

convertible notes, aggregating $ 3.550,657, were payable to AJW, New Millennium Capital Partners and Laurus Master Fund.

All the notes were

due at various times from 2002 to 2008.

There were no repayments and, after the six-year statute of limitations, all the notes and the

related accrued interest, $498,132 as of June 30, 2008, became null and void at various times through April 2017.

Conectisys was a

victim of predatory lending by Corey Ribotsky and his NIR Group, as evidenced by a civil complaint filed by the U.S, Securities &

Exchange Commission (“SEC”) against Mr.

Ribotsky, NIR and others on September 28, 2011 in Federal Court in the Eastern District

To settle the SEC's

related administrative proceedings, Ribotsky consented to be barred from any future association with any broker, dealer, investment adviser,

municipal securities dealer, municipal advisor, transfer agent, or nationally recognized statistical rating organization.

The statute of limitations

to sue in contract matters or debt collection is 6 years in the State of New York which was the agreed upon jurisdiction by both Conectisys

Further, NIR and all its affiliates ceased to operate as a result of the SEC enforcement actions.

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the time frame allowed by the statute of limitations for a legal action has expired.

November 2002 to March 2008, Conectisys issued an aggregate of 67,620,000 five-year and seven-year common stock warrants to accredited

investors in connection with several convertible debenture financing arrangements.

such warrants and all stock options expired unexercised.

assets as of June 30, 2008, $172,581, were fully amortized or realized by the end of fiscal 2008.

of June 30, 2008, the Company had $2,418,148 in accrued compensation and $40,174 due to officers.

None of these obligations were paid

and became null and void after the six-year statute of limitations.

payable and other current liabilities were either partially paid or became null and void after the six-year statute of limitations.

its inception in 1986 through June 30, 2008, Conectisys had aggregate revenues of approximately $524,000 from the sale of its H-NET AMR

From November 2002

to March 2008, Conectisys issued an aggregate of 67,620,000 five-year and seven-year Common Stock warrants to accredited investors in

connection with several convertible debenture financing arrangements.

All such warrants

and all stock options expired unexercised.

All assets as of

June 30, 2008, $172,581, were fully amortized or realized by the end of fiscal 2008.

As of June 30, 2008,

the Company had $2,418,148 in accrued compensation and $40,174 due to officers.

None of these obligations were paid and became null and

void after the six-year statute of limitations.

Accounts payable

and other current liabilities were either partially paid or became null and void after the six-year statute of limitations.

From its inception

in 1990 through June 30, 2008, Conectisys had aggregate revenues of approximately $524,000 from the sale of its H-NET AMR systems.

Basis of Presentation and Summary of significant accounting policies

of presentation

Basis of presentation

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

of America (“U.S.

GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”).

The Company’s fiscal year end date is September 30.

and cash equivalents

and cash equivalents consist of amounts of cash on hand and bank deposits.

of estimates and assumptions

of America (“U.S.

GAAP”) and pursuant to the rules and regulations of the Securities Exchange Commission (“SEC”).

The Company’s fiscal year ends on September 30.

Cash and cash

Cash and cash equivalents

consist of amounts of cash on hand and bank deposits.

Use of estimates

and assumptions

preparation of financial statements in conformity with U.S.

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Company accounts for income taxes under the asset and liability method.

Deferred tax assets and liabilities are recognized for future

tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and

their perspective tax bases.

Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income

in the years in which the temporary differences are expected to be recovered or settled.

The effect on deferred tax assets and liabilities

of a change in tax rates is recognized in income in the period that includes the enactment date.

Valuation allowances are recorded, when

necessary, to reduce deferred tax assets to the amount expected to be realized.

a result of the implementation of certain provisions of ASC 740, Income Taxes (“ASC 740”), which clarifies the accounting

and disclosure for uncertainty in tax position, as defined, ASC 740 seeks to reduce the diversity in practice associated with certain

aspects of the recognition and measurement related to accounting for income taxes.

The Company has adopted the provisions of ASC 740

since inception, April 11, 2018, and has analyzed filing positions in each of the federal and state jurisdictions where the Company is

required to file income tax returns, as well as open tax years in such jurisdictions.

The Company has identified the U.S.

federal jurisdiction,

and the states of Nevada and California, as its “major”

tax jurisdictions.

However, the Company has certain tax attribute

carryforwards, which will remain subject to review and adjustment by the relevant tax authorities until the statute of limitations closes

with respect to the year in which such attributes are utilized.

Company believes that our income tax filing positions and deductions will be sustained on audit and do not anticipate any adjustments

that will result in a material change to its financial position.

Therefore, no reserves for uncertain income tax positions have been

recorded pursuant to ASC 740.

The Company’s policy for recording interest and penalties associated with income-based tax audits

is to record such items as a component of income taxes.

Deferred tax assets and liabilities are recognized for

future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and

liabilities and their perspective tax bases.

Deferred tax assets and liabilities are measured using enacted tax rates expected to

apply to taxable income in the years in which the temporary differences are expected to be recovered or settled.

The effect on

deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

Valuation allowances are recorded, when necessary, to reduce deferred tax assets to the amount expected to be realized.

Company has adopted the provisions of ASC 740, Income Taxes, since its inception on April 11, 2018.

and Contingencies

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issued accounting pronouncements

December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) –

Simplifying the Accounting for Income Taxes.

is intended to simplify the current rules regarding the accounting for income taxes and addresses several technical topics including

accounting for franchise taxes, allocating income taxes between a loss in continuing operations and in other categories such as discontinued

operations, reporting income taxes for legal entities that are not subject to income taxes, and interim accounting for enacted changes

The new standard is effective for fiscal years beginning after December 15, 2020;

however, early adoption is permitted.

The Company does not expect the adoption of this standard have a material impact on the consolidated and combined financial statements.

August 2018, the FASB Accounting Standards Board issued ASU No.

2018-13, “Fair Value Measurement (Topic 820):

Disclosure Framework

Changes to the Disclosure Requirements for Fair Value Measurement”

(“ASU 2018-13”).

ASU 2018-13 modifies the disclosure

requirements on fair value measurements.

ASU 2018-13 is effective for public entities for fiscal years beginning after December 15, 2019,

with early adoption permitted for any removed or modified disclosures.

The removed and modified disclosures will be adopted on a retrospective

basis and the new disclosures will be adopted on a prospective basis.

The Company does not expect this guidance will have a material

impact on its consolidated and combined financial statements.

June 2016, the FASB issued ASU No.

2016-13, Financial Instruments—Credit Losses (Topic 326), Measurement of Credit Losses

on Financial Instruments (“ASU 2016-13”).

ASU 2016-13 changes the impairment model for most financial assets and

certain other instruments.

The standard will replace the “incurred loss”

approach with an “expected loss”

for instruments measured at amortized cost.

For available-for-sale debt securities, entities will be required to record allowances rather

than reduce the carrying amount, as they do today under the other-than-temporary impairment model.

The amendments in ASU 2016-13

are effective for SEC filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019 (i.e.,

January 1, 2020, for calendar year entities).

For public companies that are not SEC filers, the ASU is effective for fiscal years beginning

after December 15, 2020, and interim periods within those fiscal years.

For all other organizations, the ASU on credit losses will take

effect for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years.

The Company is in the

process of evaluating the impact of adoption of this guidance on its consolidated and combined financial statements.

Company does not believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material

effect on the consolidated and combined financial position, statements of operations and cash flows.

Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date that the consolidated

combined financial statements are available to be issued.

Material subsequent events that required recognition or additional disclosure

in the consolidated and combined financial statements are presented.

Company does not believe that recently issued accounting standards will have a material effect on its financial statements.

The Company evaluated

subsequent events and transactions that occurred after the balance sheet date through the date that the financial statements are available

to be issued.

There are no material subsequent events that required recognition or additional disclosure.

accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation

2 unchanged sentences

and achieve profitable operations.

This factor raises substantial doubt about the Company’s ability to continue as a going concern.

Company’s management intends to continue funding current expenditures and to raise additional funds.

However, there can be no assurance

that management will be successful in this endeavor.

This factor raises substantial doubt about the Company’s ability to continue as a going concern.

The Company’s

management intends to continue funding current expenditures and to raise additional funds.

However, there can be no assurance that management

will be successful in this endeavor.

Loss Per Share

following table sets forth the computation of basic and diluted loss per share for the years presented:

The following table

sets forth the computation of basic and diluted loss per share for the years presented:

per share calculation

Years ended September 30,

1 unchanged sentence

Net loss per share

March 10, 2021, the Company implemented a 10,000 to 1 reverse split of the 823,420,842 issued and outstanding shares of common stock.

The number of post-split shares held by each shareholder will be rounded up to the nearest digit, with a minimum of 1 share.

our transfer agent will determine the exact number of shares outstanding post-split.

The computation of basic and diluted Loss per Share

was retroactively adjusted for all periods presented.

August 1, 2020, the newly elected sole director and officer purchased 800,000 post-split common shares for $100 payable upon the effectiveness

March 10, 2021, the Company implemented a 10,000 to 1 reverse split of its issued and outstanding shares of common stock.

The number of

post-split shares held by each shareholder will be rounded up to the nearest digit, with a minimum of 1 share.

Accordingly, our transfer

agent will determine the exact number of shares outstanding post-split.

The computation of basic and diluted Loss per Share was retroactively

adjusted for all periods presented.

1, 2020, the newly elected sole director and officer purchased 800,000 post-split common shares for $100 payable upon the effectiveness

of such split.

1 unchanged sentence

outstanding in fiscal 2020.

total number of authorized shares of capital stock, as amended, is currently 300,000,000, consisting of 250,000,000 common shares, no

par value, and 50,000,000 shares of preferred stock.

The number of post-split common shares outstanding is 884,000, of which 838,100

are owned by our sole director and officer.

Of the 50,000,000 shares of preferred stock, 1,000,000 shares are designated Class A, $1.00

par value per share, with each share having voting rights equal to 100 common shares.

In addition, 1,000,000 shares are designated Class

B, $1.00 par value per share, with each share convertible into 10 common shares.

The remaining 48,000,000 preferred shares authorized

are undesignated.

number of authorized shares of capital stock, as amended, is currently 300,000,000, consisting of 250,000,000 common shares, no par value,

and 50,000,000 shares of preferred stock.

The number of post-split common shares outstanding is 888,579, of which 838,100 are owned by

our sole director and officer.

Of the 50,000,000 shares of preferred stock, 1,000,000 shares are designated Class A, $1.00 par value

per share, with each share having voting rights equal to 100 common shares.

In addition, 1,000,000 shares are designated Class B, $1.00

par value per share, with each share convertible into 10 common shares.

The remaining 48,000,000 preferred shares authorized are undesignated.

None of the preferred shares are issued and outstanding.

5 - Subsequent events

Reverse Split

Company’s common shares were reverse split 10,000 to 1 effective March 10, 2021 (See Note 4).

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.

CONECTISYS CORPORATION

/s/ Danilo Cacciamatta

Danilo Cacciamatta

Executive Officer

Principal Accounting Officer

November 10, 2021

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures