Item 1. Financial Statements.
| Innovative Product Opportunities Inc. |
| CONDENSED CONSOLIDATED BALANCE SHEETS |
| (Unaudited) |
| June 30, 2015 | December 31, 2014 |
| ASSETS |
| Current assets |
| Cash | $ | 493 | $ | -- |
| Accounts and sundry receivable | 14,266 | 9,300 |
| Prepaid expenses | -- | 2,000 |
| Total current assets | 14,759 | 11,300 |
| Property and equipment, net | 260 | 376 |
| Total assets | $ | 15,019 | $ | 11,676 |
| LIABILITIES AND STOCKHOLDERS DEFICIT |
| Current liabilities |
| Bank indebtedness | $ | -- | $ | 14 |
| Accounts payable and accrued liabilities | 15,054 | 10,365 |
| Convertible notes, net of unamortized debt discount of $34,585 and $0, respectively | 330,427 | 343,026 |
| Notes payable | 35,088 | 17,767 |
| Due to related party | 23,167 | 14,681 |
| Total current liabilities | 403,736 | 385,853 |
| Total liabilities | 403,736 | 385,853 |
| Stockholders deficit |
| Preferred stock; $0.001 par value; 1,000,000 shares authorized, -0- issued and outstanding | -- | -- |
| Common stock; $0.0001 par value; 3,000,000,000 shares authorized, 1,119,550,605 and 255,453,090 shares issued and outstanding, respectively | 111,955 | 25,545 |
| Additional paid-in capital | 21,955,757 | 21,743,475 |
| Accumulated deficit | (22,456,429) | (22,143,197) |
| Total stockholders deficit | (388,717) | (374,177) |
| Total liabilities and stockholders deficit | $ | 15,019 | $ | 11,676 |

The accompanying footnotes are an integral part of these financial statements.
3
| Innovative Product Opportunities Inc. |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
| (Unaudited) |

| Three months ended | Three months ended | Six months ended | Six months ended |
| June 30, 2015 | June 30, 2014 | June 30, 2015 | June 30, 2014 |
| Sales | $ 12,835 | $ 73,250 | $ 12,835 | $ 73,250 |
| Cost of sales | - | - | - | - |
| Gross profit | $ 12,835 | $ 73,250 | $ 12,835 | $ 73,250 |
| Operating expenses |
| Bad debt | - | - | 8,250 | - |
| General and administrative | 17,807 | 149,681 | 31,725 | 176,017 |
| Stock-based compensation- services | 60,000 | 5,246,200 | 237,072 | 5,567,300 |
| Stock-based compensation- salaries | 15,000 | - | 15,000 | - |
| Total expenses | 92,807 | 5,395,881 | 292,047 | 5,743,317 |
| Loss from operations | (79,972) | (5,322,631) | (279,212) | (5,670,067) |
| Other income (loss) |
| Loss on issuance of stock-based compensation | - | (8,883,800) | - | (8,910,300) |
| Accretion of debt discount | (17,105) | (128,297) | (34,021) | (133,489) |
| (17,105) | (9,012,097) | (34,021) | (9,043,789) |
| Net loss for the period | $ (97,077) | $ (14,334,728) | $ (313,233) | $ (14,713,856) |
| Net loss per common share- basic | $ (0.00) | $ (0.55) | $ (0.00) | $ (1.02) |
| Weighted average number of common shares outstanding- basic | 855,509,225 | 26,051,626 | 743,931,697 | 14,402,619 |

The accompanying footnotes are an integral part of these financial statements. 4
| Innovative Product Opportunities Inc. |
| CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS |
| (Unaudited) |
| For the six months ended June 30, 2015 | For the six months ended June 30, 2014 |
| Cash flows from operating activities |
| Net loss for the period | $ (313,233) | $ (14,713,856) |
| Adjustments to reconcile net loss to cash used in operating activities |
| Depreciation and amortization | 115 | 115 |
| Bad debt | 8,250 |
| Stock issued for services and salary | 252,072 | 5,567,300 |
| Loss on issuance of stock-based compensation | -- | 8,910,300 |
| Accretion of debt discount | 34,021 | 133,489 |
| Change in operating assets and liabilities |
| Increase in accounts receivable | (13,217) | (8,250) |
| Decrease in prepaid expenses | 2,000 | -- |
| Decrease in customer deposit | -- | (65,000) |
| Increase in accounts payable and accrued liabilities | 4,693 | 135,047 |
| Decrease in accrued interest | -- | (967) |
| Net cash (used in) operating activities | (25,299) | (41,822) |
| Cash flow from financing activities |
| Advances | 18,346 | 3,500 |
| Repayment of advances | (419) | -- |
| Advances by related party | 18,130 | 7,100 |
| Repayment of advances by related party | (10,251) | -- |
| Proceeds from notes payable | -- | 29,571 |
| Net cash provided by financing activities | 25,806 | 40,171 |
| Net change in cash | 507 | (1,651) |
| Cash, beginning of the period | (14) | 1,994 |
| Cash, end of the period | $ 493 | $ 343 |
| Supplement disclosure of cash flow information: |
| Interest paid | $ -- | $ -- |
| Taxes paid | $ -- | $ -- |
| Supplemental disclosure of non-cash investing and financing activities |
| Conversion of notes payable for common stock | $ -- | $ 106,420 |
| Debt discount recorded in connection with convertible notes | $ -- | $ 357,750 |

The accompanying footnotes are an integral part of these financial statements. 5 Innovative Product Opportunities Inc. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION Innovative Product Opportunities Inc. (the "Company" or "Innovative") was incorporated on April 3, 2009 in the State of Delaware and established a fiscal year end of December 31. Our business is a research and product development firm specializing in computer vision and gesture recognition technologies targeted at the staging and lighting industry. The operations of the business are carried on by a 100% owned subsidiary, I8 Interactive Corporation, a company incorporated under the laws of Canada. NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The accompanying unaudited financial statements of Innovative Product Opportunities Inc. have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission requirements for interim financial statements. Therefore, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States for complete financial statements. The financial statements should be read in conjunction with the annual financial statements for the year ended December 31, 2014 of Innovative Product Opportunities Inc. in our Form 10-K filed on April 15, 2015. The interim financial statements present the balance sheets, statements of operations and cash flows of Innovative Product Opportunities Inc. The financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The interim financial information is unaudited. In the opinion of management, all adjustments necessary to present fairly the financial position as of June 30, 2015 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year. GOING CONCERN The Company's financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have significant operations or a source of revenue sufficient to cover its operation costs and allow it to continue as a going concern. The Company has an accumulated deficit at June 30, 2015 of $22,456,429. The Company will be dependent upon the raising of additional capital through placement of its common stock in order to implement its business plan. There can be no assurance that the Company will be successful in this situation. Accordingly, these factors raise substantial doubt as to the Company's ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classifications of liabilities that might result from this uncertainty. The Company is funding its initial operations by way of loans from its Chief Executive Office and others, and the use of equity to pay some operating expenses. The Company's officers and directors have committed to advancing certain operating costs of the Company. USE OF ESTIMATES AND ASSUMPTIONS Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates CASH AND CASH EQUIVALENTS For purposes of the statement of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. 6 REVENUE RECOGNITION The Company recognizes revenues and the related costs when persuasive evidence of an arrangement exists, delivery and acceptance has occurred or service has been rendered, the price is fixed or determinable, and collection of the resulting receivable is reasonably assured. Amounts invoiced or collected in advance of product delivery or providing services are recorded as deferred revenue or customer deposits. The company accrues for sales returns, bad debts, and other allowances based on its historical experience. Net sales under certain long-term contracts for product design, which may provide for periodic payments, are recognized under the percentage-of-completion method. Estimated cost-at-completion for these contracts are reviewed on a routine periodic basis, and adjustments are made periodically to the estimated cost-at-completion, based on actual costs incurred, progress made, and estimates of the costs required to complete the contractual requirements. When the estimated cost-at-completion exceeds the contract value, the contract is written down to its net realizable value, and the loss resulting from cost overruns is immediately recognized. To properly match net sales with costs, certain contracts may have revenue recognized in excess of billings (unbilled revenues), and other contracts may have billings in excess of net sales recognized (customer deposits). Under long-term contracts, the prerequisites for billing the customer for periodic payments generally involve the Company's achievement of contractually specific, objective milestones. Revenue for services contracts will be recognized under a proportional performance model if the following criteria are met (i) the arrangement provides for periodic billings as services are provided (ii) the customer receives value as the services as rendered, not just upon the completion of the services and (iii) the customer need not re-perform services that it has already received if it terminates the service contract early and hires another service provider to complete the service deliverable. If these criteria are not met, the Company will recognize revenue on the service contracts using the completed contract method. INCOME TAXES The Company accounts for income taxes in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("FASB ASC") 740, Income Taxes. Under the assets and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The Company provides a valuation allowance, if necessary, to reduce deferred tax assets to their estimated realizable value. NET LOSS PER SHARE Basic net income (loss) per share includes no dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing earnings available to common shareholders by the weighted average number of common shares outstanding for the period increased to include the number of additional common shares that would have been outstanding if potentially dilutive securities had been issued. There were no potentially dilutive securities outstanding during the periods presented. FOREIGN CURRENCY TRANSLATION The financial statements are presented in the Company’s functional currency which is the United States dollars. In accordance with FASB ASC 830, Foreign Currency Matters, foreign denominated monetary assets and liabilities are translated to their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date. Non-monetary assets and liabilities are translated at exchange rates prevailing at the transaction date. Revenue and expenses are translated at average rates of exchange during the periods presented. Related translation adjustments are reported as a separate component of stockholders' equity (deficit), whereas gains or losses resulting from foreign currency transactions are included in results of operations. 7 STOCK-BASED COMPENSATION The Company measures stock-based compensation at the grant date based on the fair value of the award and recognizes stock-based compensation expense over the requisite service period. The Company also grants awards to non-employees and determines the fair value of such stock-based compensation awards granted as either the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable. If the fair value of the equity instruments issued is used, it is measured using the stock price and other measurement assumptions as of the earlier of (1) the date at which a commitment for performance by the counterparty to earn the equity instruments is reached, or (2) the date at which the counterparty's performance is completed. The Company has not adopted a stock option plan and has not granted any stock options. COMPREHENSIVE INCOME (LOSS) The Company has adopted ASC Topic 220 - Comprehensive Income, which establishes standards for reporting and the display of comprehensive income, its components and accumulated balances. Comprehensive income is defined to include all changes in equity except those resulting from investments by owners or distributions to owners. Among other disclosures, Topic 220 requires that all items that are required to be recognized under the current accounting standards as a component of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. Comprehensive income is displayed in the statement of stockholders' deficit and in the balance sheet as a component of stockholders' deficit. FAIR VALUE OF FINANCIAL INSTRUMENTS In accordance with the requirements of FASB ASC 820, Fair Value Measurements and Disclosures, and FASB ASC 825, Financial Instruments, the Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. FASB ASC 820 defines fair value as the price that would be received to sell an asset or paid to transfer a liability (exit price) in an orderly transaction between market participants at the measurement date. The statement establishes market or observable inputs as the preferred sources of values, followed by assumptions based on hypothetical transactions in the absence of market inputs. The statement requires fair value measurements be classified and disclosed in one of the following categories: Level 1 – Quoted prices in active markets for identical assets and liabilities. Level 2 – Quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations whose inputs are observable or whose significant value drivers are observable. Level 3 – Significant inputs to the valuation model are unobservable. Financial assets and liabilities are classified based on the lowest level of input that is significant to the fair value measurement. RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers. ASU 2014-09 will eliminate transaction- and industry-specific revenue recognition guidance under current U.S. GAAP and replace it with a principle based approach for determining revenue recognition. ASU 2014-09 will require that companies recognize revenue based on the value of transferred goods or services as they occur in the contract. The ASU also will require additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. ASU 2014-09 is effective for reporting periods beginning after December 15, 2016, and early adoption is not permitted. Entities can transition to the standard either retrospectively or as a cumulative-effect adjustment as of the date of adoption. Management is currently assessing the impact the adoption of ASU 2014-09 and has not determined the effect of the standard on our ongoing financial reporting. 8 In April 2014, the FASB issued Accounting Standards Update No. 2014-08 (ASU 2014-08), Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment (Topic 360). ASU 2014-08 amends the requirements for reporting discontinued operations and requires additional disclosures about discontinued operations. Under the new guidance, only disposals representing a strategic shift in operations or that have a major effect on the Company's operations and financial results should be presented as discontinued operations. This new accounting guidance is effective for annual periods beginning after December 15, 2014. The Company is currently evaluating the impact of adopting ASU 2014-08 on the Company's results of operations or financial condition. In August 2014, the FASB issued Accounting Standards Update No. 2014-15 (ASU 2014-15), Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, which provides guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The ASU applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company is currently evaluating the impact the adopting ASU 2014-15 on the Company’s financial statement presentation and disclosures. Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company's present or future consolidated financial statements. NOTE 3 – ADVANCES Advances are non-interest bearing, unsecured and due on demand. NOTE 4 – CONVERTIBLE NOTES On June 10, 2014, the Company agreed to amend and add certain terms to unsecured, non-interest bearing promissory notes payable on demand issued to The Cellular Connection Ltd. issued during the period from February 22, 2013 to June 10, 2014 with a total carrying value $42,189. Under the terms of the Side Letter Agreement, the issue price of the Note is $42,189 with a face value of $54,193 and interest rate 20% per year. The terms of the Note include a fixed conversion price of $0.0002 per share of Company’s common stock and a maturity date of December 31, 2014. The amendment of the terms of the Note resulted in a beneficial conversion feature of $42,189. The beneficial conversion feature of $42,189 is included in additional paid-in capital. The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the note. On June 20 and 26, 2014 the Company elected to convert $5,500 of principal into 27,500,000 shares of the Company's common stock. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2015, the face value increased by 20% and the maturity date was extended to December 31, 2015. From January 1 to June 30, 2015, the Company elected to convert $31,932 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 319,320,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share. The consolidated statement of operations includes interest expense of $2,428 and $4,830 for the three and six months ended June 30, 2015. On June 10, 2014, the Company entered into Side Letter Agreement with the Dorset Solutions Inc. to amend and add certain terms to invoices issued for services during the period from August 21, 2012 to May 17, 2014 with a total carrying value $17,150. Under the terms of the Side Letter Agreement, the issue price of the Note is $17,150 with a face value of $22,295 and interest rate 20% per year. The terms of the Note include a fixed conversion price of $0.0002 per share of Company’s common stock and a maturity date of December 31, 2014. The amendment of the terms of the Note resulted in a beneficial conversion feature of $17,150. The beneficial conversion feature of $17,150 is included in additional paid-in capital. The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the note. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2015, the face value increased by 20% and the maturity date was extended to December 31, 2015. The consolidated statement of operations includes interest expense of $1,112 and $2,211 for the three and six months ended June 30, 2015. 9 On June 10, 2014, the Company entered into Side Letter Agreement with the Doug Clark, former Chief Executive Officer, to amend and add certain terms to the related party advances of $82,495 for the period from March 2009 to June 2014 and officer and director compensation accrued and unpaid of $137,000 for the period October 1, 2013 to May 19, 2014. Under the terms of the Side Letter Agreement, the issue price of the Note is $219,495 with a face value of $272,038 and interest rate 20% per year. The terms of the Note include a fixed conversion price of $0.0002 per share of Company’s common stock and a maturity date of December 31, 2014. The amendment of the terms of the Note resulted in a beneficial conversion feature of $219,495. The beneficial conversion feature of $219,495 is included in additional paid-in capital. The Note allows for the lender to secure a portion of the Company assets up to 200% of the face value of the note. In accordance with the original terms of the Side Letter Agreement, the convertible note was renewed on January 1, 2015, the face value increased by 20% and the maturity date was extended to December 31, 2015. From January 1 to June 30, 2015, the Company elected to convert $14,688 of principal and interest of a convertible note due to Doug Clark into 73,437,515 shares of common stock of the Company at a fixed conversion price of $0.0002 per share. The consolidated statement of operations includes interest expense of $13,565 and $26,980 for the three and six months ended June 30, 2015. NOTE 5 – NOTES PAYABLE As of June 30, 2015 and December 31, 2014 notes payable totaling $35,088 and $17,767, respectively, were outstanding. The balances are non-interest bearing, unsecured and have no specified terms of repayment. NOTE 6 – DUE TO RELATED PARTY As of June 30, 2015 and December 31, 2014 advances of $4,390 were due to Doug Clark, the Company's former Chief Executive Officer. The balance are non-interest bearing, unsecured and have no specified terms of repayment. As of June 30, 2015 and December 31, 2014 advances of $15,260 and $6,774, respectively, were due to Nadav Elituv, the Company's Chief Executive Officer. The balance is non-interest bearing, unsecured and have no specified terms of repayment. As of June 30, 2015 and December 31, 2014 advances of $3,517 were due to Doug Clark, the Company's former Chief Executive Officer. The balance are non-interest bearing, unsecured and have no specified terms of repayment. NOTE 7 - STOCKHOLDERS’ EQUITY The Company is authorized to issue an aggregate of 3,000,000,000 common shares with a par value of $0.0001 per share and 1,000,000 shares of preferred stock with a par value of $0.001 per share. No preferred shares have been issued. On January 12, 2015, the Company agreed to issue 221,340,000 shares of common stock valued at $177,072 to consultants as stock-based compensation for development, implementation and maintenance of sound business strategies. The services are valued based on the closing price of the Company's common stock on the date of the agreement exchanged for the services. From January 1 to June 30, 2015, the Company elected to convert $31,932 of principal and interest of a convertible note due to The Cellular Connection Ltd. into 319,320,000 shares of common stock of the Company at a fixed conversion price of $0.0001 per share. On April 30, 2015, the Company elected to convert $14,688 of principal and interest of a convertible note due to Doug Clark into 73,437,515 shares of common stock of the Company at a fixed conversion price of $0.0002 per share. On June 15, 2015, the Company agreed to issue 200,000,000 shares of common stock valued at $60,000 to consultants as stock-based compensation for development, implementation and maintenance of sound business strategies. The services are valued based on the closing price of the Company's common stock on the date of the agreement. On June 15, 2015, the Company agreed to issue 50,000,000 shares of common stock valued at $15,000 to Nadav Elituv, the Chief Executive Officer of the Company, as stock-based compensation for salary. The salary is valued based on the closing price of the Company's common stock on the date of the agreement. NOTE 8 – SUBSEQUENT EVENTS In accordance with ASC Topic 855-10, the Company has analyzed its operations subsequent to June 30, 2015 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements. 10
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
This report on Form 10-Q contains "forward-looking statements" that involve risks and uncertainties. You should not place undue reliance on these forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons, including the risks described in our Form 10-K filed on April 15, 2015, and other filings we make with the Securities and Exchange Commission. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made. We do not intend to update any of the forward-looking statements after the date of this report to conform these statements to actual results or to changes in our expectations, except as required by law.
The following discussion and analysis of financial condition and results of operations is based upon, and should be read in conjunction with our audited financial statements and related notes thereto included elsewhere in this report, and in our Form 10-K filed on April 15, 2015.
BUSINESS OVERVIEW
We incorporated on April 3, 2009 as Innovative Product Opportunities Inc. under the laws of the State of Delaware. We expect to incur losses in the foreseeable future due to significant costs associated with our business start-up, developing our business and costs associated with on-going operations. Our business is a research and product development firm specializing in computer vision and gesture recognition technologies targeted at the staging and lighting industry. The operations of the business are carried on by a 100% owned subsidiary, I8 Interactive Corporation, a company incorporated under the laws of Canada.
MANAGEMENT'S STRATEGIC VISION
Our business is a research and product development firm specializing in computer vision and gesture recognition technologies targeted at the staging and lighting industry.
As we secure funds, we plan to attract new clients and assist them in their automating stage lighting and add interactivity to video projection. We do not know when we will be profitable in the staging and lighting business and as a result, when, if ever, we will generate profits. In addition to increasing our staging and lighting offerings, we intend to introduce distribution channels and increase our products for sale. This strategic vision will evolve as necessitated by the clients we are able to attract.
RESULTS OF OPERATIONS
COMPARISON OF RESULTS FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 2015 AND 2014.
REVENUES
Our revenue for the three and six months ended June 30, 2015 was $12,835, compared to $73,250 for the three and six months ended June 30, 2014. We are completely dependent upon the willingness of our management to fund our initial operations by way of loans from our Chief Executive Officer and shareholders.
COSTS OF GOODS SOLD
We did not incur cost of sales for the three and six months ended June 30, 2015 and 2014.
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OPERATING EXPENSES
Our general and administrative expense for the three and six months ended June 30, 2015 was $17,807 and $31,725, respectively, compared to $149,681 and $176,017 for the three and six months ended June 30, 2014, respectively. The expenses can be primarily attributed to our need to pay for professional fees, our transfer agent and investment relations. Our bad debt expenses for the three and six months ended June 30, 2015 was $0 and $8,250, respectively, compared to $0 for the three and six months ended June 30, 2014. During the three and six months ended June 30, 2015, we issued 250,000,000 and 471,340,000 shares of common stock of the Company valued at $75,000 and $252,072 for consulting services and salary, respectively. During the three and six months ended June 30, 2014, we issued 204,000,000 and 205,738,000 shares of common stock of the Company valued at $14,130,000 and $14,477,600 for consulting services, respectively.
OTHER INCOME (EXPENSE)
During the three and six months ended June 30, 2015, the Company incurred $0 for loss of issuance of stock-based compensation, compared to $8,883,300 and $8,910,300 for the three and six months ended June 30, 2014, respectively. Accretion of debt discount for the three and six months ended June 30, 2015 was $17,105 and 34,021, respectively, compared to $128,297 and $133,489 for the three and six months ended June 30, 2014.
NET INCOME/LOSS
Our net loss for the three and six months ended June 30, 2015 was $97,077 and $313,233, respectively, compared to $14,334,728 and $14,713,856 for the three and six months ended June 30, 2014, respectively. Our losses during the three and six months ended June 30, 2015 and 2014 are due to costs associated with professional fees, our transfer agent, investor relations, bad debt and stock-based compensation for services.
LIQUIDITY AND CAPITAL RESOURCES
LIQUIDITY
As of June 30, 2015, we had total current assets of $14,759 and total current liabilities of $403,736, resulting in a working capital deficit of $388,977. At June 30, 2015, we had cash of $493. Our cash flows used in operating activities for the six months ended June 30, 2015 was $25,299. Our current cash balance and cash flow from operating activities will not be sufficient to fund our operations. Our cash flow from financing activities for the six months ended June 30, 2015 was $25,806. Our cash flows used in investing activities for the six months ended June 30, 2015 was $0. The Company has an accumulated deficit at June 30, 2015 of $22,456,429. The deficit reported at June 30, 2015 is largely a result of operating expenses for professional fees, our transfer agent, investor relations, bad debt, stock-based compensation and loss on issuance of stock-based compensation for services.
Over the next 12 months we expect to expend approximately $50,000 in cash for legal, accounting and related services and an additional $150,000 in cash to implement our business plan. We hope to be able to compensate our independent contractors with stock-based compensation, which will not require us to use our cash, although there can be no assurances that we will be successful in these efforts.
We expect to be able to secure capital through advances from our Chief Executive Officer, note holders, shareholders and others in order to pay expenses such as organizational costs, filing fees, accounting fees and legal fees. We believe it will be difficult to secure capital in the future because we have no assets to secure debt and there is currently no trading market for our securities. We will need additional capital in the next twelve months and if we cannot raise such capital on acceptable terms, we may have to curtail our operations or terminate our business entirely.
The inability to obtain financing or generate sufficient cash from operations could require us to reduce or eliminate expenditures for developing products and services, or otherwise curtail or discontinue our operations, which could have a material adverse effect on our business, financial condition and results of operations. Furthermore, to the extent that we raise additional capital through the sale of equity or convertible debt securities, the issuance of such securities may result in dilution to existing stockholders. If we raise additional funds through the issuance of debt securities, these securities may have rights, preferences and privileges senior to holders of our common stock and the terms of such debt could impose restrictions on our operations. Regardless of whether our cash assets prove to be inadequate to meet our operational needs, we may seek to compensate providers of services by issuing stock in lieu of cash, which may also result in dilution to existing stockholders.
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OPERATING CAPITAL AND CAPITAL EXPENDITURE REQUIREMENTS
We are currently funding our operations by way of cash advances from our Chief Executive Officer, note holders, shareholders and others. We hope to be able to compensate our independent contractors with stock-based compensation, which will not require us to use our cash, although there can be no assurances that we will be successful in these efforts. We expect that we will be required to raise an additional $200,000 in cash by issuing new debt or equity for operating costs in order to implement our business plan in the next twelve months. The funds are loaned to the Company as required to pay amounts owed by the Company. As such, our operating capital is currently limited to the personal resources of our Chief Executive Officer, note holders, shareholders and others. The loans from our Chief Executive Officer, note holders, shareholders and others are unsecured and non-interest bearing and have no set terms of repayment. Our common stock started trading over the counter and has been quoted on the Over-The Counter Bulletin Board since February 17, 2011. The stock currently trades under the symbol “IPRU.OB.”
OFF-BALANCE SHEET TRANSACTIONS
We currently have no off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
As a Smaller Reporting Company, as defined by Rule 12b-2 of the Exchange Act and in Item 10(f)(1) of Regulation S-K, we are electing scaled disclosure reporting obligations and therefore are not required to provide the information requested by this Item.
ITEM 4T. CONTROLS AND PROCEDURES
EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES
As required by Rule 13a-15 of the Securities Exchange Act of 1934, our principal executive officer and principal financial officer evaluated our company's disclosure controls and procedures (as defined in Rules 13a-15(e) of the Securities Exchange Act of 1934) as of the end of the period covered by this report. Based on this evaluation, our principal executive officer and principal financial officer concluded that as of the end of the period covered by this report, these disclosure controls and procedures were not effective to ensure that the information required to be disclosed by our company in reports it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities Exchange Commission and to ensure that such information is accumulated and communicated to our company's management, including our principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure. The conclusion that our disclosure controls and procedures were not effective was due to the presence of the following material weaknesses in internal control over financial reporting which are indicative of many small companies with small staff: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both United States generally accepted accounting principles and Securities and Exchange Commission guidelines. Management anticipates that such disclosure controls and procedures will not be effective until the material weaknesses are remediated.
We plan to take steps to enhance and improve the design of our internal controls over financial reporting. During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending December 31, 2015, subject to obtaining additional financing: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out above are largely dependent upon our securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner.
Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake.
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CHANGES IN INTERNAL CONTROLS OVER FINANCIAL REPORTING
There were no changes in our internal control over financial reporting during the quarter ended June 30, 2015 that have materially affected or are reasonably likely to materially affect, our internal control over financial reporting.
PART II - OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS.
We may be involved from time to time in ordinary litigation, negotiation and settlement matters that will not have a material effect on our operations or finances. We are not aware of any pending or threatened litigation against our Company or our officers and directors in their capacity as such that could have a material impact on our operations or finances.
ITEM 1A. RISK FACTORS
A smaller reporting company is not required to provide the information required by this Item.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
During the quarter ended June 30, 2015, we did not have any unregistered sales of equity securities.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
During the quarter ended June 30, 2015, we did not have any defaults upon senior securities.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
ITEM 5. OTHER INFORMATION.
Not applicable.
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ITEM 6. EXHIBITS
| Incorporated by reference |
| Exhibit | Exhibit Description | Filed herewith | Form | Period ending | Exhibit | Filing date |
| 3.1 | Certificate of Incorporation, dated April 3, 2009 | (i) | S-1 | 3.1 | 6/22/2010 |
| 3.2 | Bylaws, dated April 3, 2009 | (ii) | S-1 | 3.2 | 6/22/2010 |
| 3.3 | Certificate of Amendment to the Certificate of Incorporation, dated August 8, 2013 | (iii) | 10-Q | 3.3 | 8/14/2013 |
| 4.1 | Specimen Stock Certificate | (iv) | S-1 | 4.1 | 6/22/2010 |
| 4.2 | Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock, dated August 6, 2013 | 10-Q | 4.2 | 8/14/2013 |
| 10.1 | Innovative Product Opportunities Inc. Trust Agreement | S-1 | 10.1 | 6/22/2010 |
| 31 | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | X |
| 32 | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | X |
| 101.INS* | XBRL Instance Document | X |
| 101.SCH* | XBRL Taxonomy Extension Schema Document | X |
| 101.CAL* | XBRL Taxonomy Extension Calculation Linkbase Document | X |
| 101.LAB* | XBRL Taxonomy Extension Label Linkbase Document | X |
| 101.PRE* | XBRL Taxonomy Extension Presentation Linkbase Document | X |
| 101.DEF* | XBRL Taxonomy Extension Definition Linkbase Definition | X |

* In accordance with Regulation S-T, the XBRL-related information on Exhibit No. 101 to this Quarterly Report on Form 10-Q shall be deemed “furnished” herewith and not “filed.”
15
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| INNOVATIVE PRODUCTS OPPORTUNITIES INC. |
| August 19, 2015 | By:  /s/ Nadav Elituv Nadav Elituv, President (Principal Executive Officer), Principal Financial Officer and Director |

16
Item 4.
Controls and Procedures
13
PART II
ITEM 1. LEGAL PROCEEDINGS.
We may be involved from time to time in ordinary litigation, negotiation and settlement matters that will not have a material effect on our operations or finances. We are not aware of any pending or threatened litigation against our Company or our officers and directors in their capacity as such that could have a material impact on our operations or finances.
ITEM 1A. RISK FACTORS
A smaller reporting company is not required to provide the information required by this Item.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.
During the quarter ended June 30, 2015, we did not have any unregistered sales of equity securities.
ITEM 3. DEFAULTS UPON SENIOR SECURITIES.
During the quarter ended June 30, 2015, we did not have any defaults upon senior securities.
ITEM 4. MINE SAFETY DISCLOSURES
Not applicable.
ITEM 5. OTHER INFORMATION.
Not applicable.
14
ITEM 6. EXHIBITS
| Incorporated by reference |
| Exhibit | Exhibit Description | Filed herewith | Form | Period ending | Exhibit | Filing date |
| 3.1 | Certificate of Incorporation, dated April 3, 2009 | (i) | S-1 | 3.1 | 6/22/2010 |
| 3.2 | Bylaws, dated April 3, 2009 | (ii) | S-1 | 3.2 | 6/22/2010 |
| 3.3 | Certificate of Amendment to the Certificate of Incorporation, dated August 8, 2013 | (iii) | 10-Q | 3.3 | 8/14/2013 |
| 4.1 | Specimen Stock Certificate | (iv) | S-1 | 4.1 | 6/22/2010 |
| 4.2 | Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock, dated August 6, 2013 | 10-Q | 4.2 | 8/14/2013 |
| 10.1 | Innovative Product Opportunities Inc. Trust Agreement | S-1 | 10.1 | 6/22/2010 |
| 31 | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 | X |
| 32 | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | X |
| 101.INS* | XBRL Instance Document | X |
| 101.SCH* | XBRL Taxonomy Extension Schema Document | X |
| 101.CAL* | XBRL Taxonomy Extension Calculation Linkbase Document | X |
| 101.LAB* | XBRL Taxonomy Extension Label Linkbase Document | X |
| 101.PRE* | XBRL Taxonomy Extension Presentation Linkbase Document | X |
| 101.DEF* | XBRL Taxonomy Extension Definition Linkbase Definition | X |

* In accordance with Regulation S-T, the XBRL-related information on Exhibit No. 101 to this Quarterly Report on Form 10-Q shall be deemed “furnished” herewith and not “filed.”
15
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| INNOVATIVE PRODUCTS OPPORTUNITIES INC. |
| August 19, 2015 | By:  /s/ Nadav Elituv Nadav Elituv, President (Principal Executive Officer), Principal Financial Officer and Director |

16

Question: What is the ratio of the total current assets to the net loss for the period ending June 30, 2015 in ratio of dollars?

Solution:
def solution():
     #Define variables name and value
    total_current_assets = 14759
    net_loss_for_period = -97077

    #Calculate the ratio
    ratio = total_current_assets / abs(net_loss_for_period)
    return ratio


Answer: 0.1520339524295147