SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549



FORM 10-K

(Mark One)

| | x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ------------------------------------------------------------------------------------



For the fiscal year ended December 31, 2013



| |  ̈ | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
| | - | ----------------------------------------------------------------------------------------

For the transition period from 	            to



Commission file number 000-54545



IIM GLOBAL CORPORATION

(Exact name of registrant as specified in
its charter)



SILVERWOOD ACQUISITION CORPORATION

(Former Name of Registrant as Specified
in its Charter)



|Delaware                        | 46-2069547         
|------------------------------- | -------------------
|(State or other jurisdiction of | (I.R.S. Employer   
|incorporation or organization)  | Identification No.)





160 E. Lake
Brantley Drive



Longwood, Florida 32779

(Address of principal executive offices)



Registrant's telephone number, including
area code: 407-674-2651



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



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

Common Stock, $.0001 par value per share

(Title of class)



Indicate by check mark if the registrant is a well-known
seasoned issuer, as defined in Rule 405 of the Securities Act 			 ̈
Yes x No



Indicate by check mark if the registrant is not
required to file reports pursuant to Section 13 or Section 15(d) of the Act. 			 ̈
Yes x No



Indicate by check mark whether the registrant (1) has
filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12
months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. 		x Yes  ̈
No



Indicate by check mark whether the registrant
has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be
submitted and posted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months
(or for such shorter period that the registrant was required to submit and post such files). 	x
Yes  ̈ No



Indicate by check mark if disclosure of delinquent filers
pursuant to Item 405 of Regulation S-K (Section 229.405 of this chapter) is not contained herein, and will not be contained,
to the best of registrant's Knowledge, in definitive proxy or information statements incorporated by reference in Part III of
this Form 10-K or any amendment to this Form 10-K. 				x Yes  ̈
No













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



|Large Accelerated filer  ̈                   | Accelerated filer  ̈        
|------------------------------------------- | ---------------------------
|Non-accelerated filer  ̈                     | Smaller reporting company x
|(do not check if smaller reporting company) |                            



Indicate by check mark whether the registrant is a shell
company (as defined in Rule 12b-2 of the Exchange Act). 	 ̈ Yes x
No



State the aggregate market value of the voting and non-voting
common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average
bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal
quarter. 			$ 0



Indicate the number of shares outstanding of each of the registrant's
classes of common stock as of the latest practicable date.



|Class                                |  | Outstanding at   
|------------------------------------ |  | -----------------
|                                     |  | December 31, 2013
|                                     |  |                  
|Common Stock, par value $0.0001      |  | 160,623,289      
|Documents incorporated by reference: |  | None             



PART I



Item 1. Business



IIM Global Corporation (formerly Silverwood
Acquisition Corporation) ("IIM Global" or the "Company") was incorporated on September 21, 2011 under the laws
of the State of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions.
IIM Global has been in the developmental stage since inception. In addition to a change in control of its management and shareholders,
the Company's operations to date have been limited to issuing shares and filing a registration statement on Form 10 pursuant to
the Securities Exchange Act of 1934. IIM Global was formed to provide a method for a foreign or domestic private company to become
a reporting company with a class of securities registered under the Securities Exchange Act of 1934.



On November 9, 2011, the Company registered
its common stock on a Form 10 registration statement filed pursuant to the Securities Exchange Act of 1934 (the "Exchange
Act") and Rule 12(g) thereof which became automatically effective 60 days thereafter.



IIM Global Corporation, a Delaware corporation
(the “Company”), provides innovative technology solutions. The Company operates in two technology fields: the handheld
identification market and mobile payment market. The Company was incorporated in the State of Delaware in September 2011, and was
formerly known as Silverwood Acquisition Corporation (“Silverwood” or “Silverwood Acquisition”).



In December 2012, the Company implemented
a change of control by issuing shares to new shareholders, redeeming shares of existing shareholders, electing new officers and
directors and accepting the resignations of its then existing officers and directors. In connection with the change of control,
the Company changed its name from Silverwood Acquisition Corporation to IIM Global Corporation.



On August 12, 2013, the Company acquired
Innovation in Motion Inc., a Florida corporation (“Innovation in Motion”), in a stock-for-stock transaction (the “Acquisition”).
The purpose of the Acquisition was to facilitate and prepare the Company for a registration statement and/or public offering of
securities. Innovation in Motion was formed in April 2009 in the State of Florida.



Prior to the Acquisition, IIM Global Corporation
had no ongoing business or operations and was established for the purpose of completing a business combination with target companies,
such as Innovation in Motion. As a result of the Acquisition, Innovation in Motion became a wholly owned subsidiary of the Company.
The Company, as the sole shareholder of Innovation in Motion, has taken over the operations and business plans of Innovation in
Motion.













The Company provides handheld mobile biometric
devices which are used primarily by government and law enforcement agencies to capture and process the unique characteristics of
individuals to verify their identities. Additionally, the Company has recently introduced a new highly secured biometric wallet
device to store personal data including credit card and banking information to be used in a variety of transactions. The Company
has a business focus in the identification, security and mobile payment businesses, and it had its technology used during the election
process in Ghana, Africa. The Company has a range of state-of-the-art products in these fields and has begun serious market penetration
with the sale and placement of units.



The Company files with the Securities and
Exchange Commission periodic and current reports under Rule 13(a) of the Exchange Act, including quarterly reports on Form 10-Q
and annual reports Form 10-K.



Change in Control:



On December 20, 2012, the shareholders
of the Corporation and the Board of Directors unanimously approved the change of the Registrant's name to IIM Global Corporation
and filed such change with the State of Delaware. The registrant redeemed an aggregate of 19,500,000 of the then 20,000,000 shares
of outstanding stock at a redemption price of $0.0001 per share for an aggregate redemption price of $1,950. The current officers
and directors resigned, and David S. Jones was named as the sole director of the company and appointed and elected its President
and CEO as well as Secretary and Treasurer resulting in the change of control of the Company.



On December 21, 2012, IIM Global issued
1,000,000 shares of its common stock at par representing 67% of the then total outstanding 1,500,000 shares of common stock to
David S. Jones the sole director and appointed President and CEO of the company. The Company has no employees and only one director
who also serves as the Company's sole officer.



On December 21, 2012, The Company entered
into an agreement with Tiber Creek Corporation of which the former president of the Company is the president and controlling shareholder.
Tiber Creek Corporation assists companies to become public reporting companies and for the preparation and filing of a registration
statement pursuant to the Securities Act of 1933, and the introduction to brokers and market makers.



In March 2013, IIM Global filed an amendment
to its certificate of incorporation increasing its authorized shares of common stock to 300,000,000 with a par value of $.0001
and eliminating its authorized preferred stock.



On August 12, 2013, IIM Global
acquired Innovation in Motion Inc., a Florida corporation (“Innovation in Motion”), in a stock-for-stock transaction
(the “Acquisition”). The purpose of the Acquisition was to facilitate and prepare the Company for a registration statement
and/or public offering of securities.



The Acquisition was effected
by the Company through the exchange of each of the outstanding shares and interests of Innovation in Motion for 1.6 shares of common
stock of the Company. As a result, in the Acquisition, 97,970,562 shares and interests of common stock of Innovation in Motion
were exchanged for, and converted into, 156,752,899 shares of common stock of the Company.



Innovation in Motion was formed
in April 2009 in the State of Florida, and was a private company operating in two technology fields: the handheld identification
market and mobile payment market. Since its inception, Innovation in Motion has provided handheld mobile biometric devices which
are used primarily by government and law enforcement agencies to capture and process the unique characteristics of individuals
to verify their identities. Additionally, the Company has recently introduced a new highly secured biometric wallet device to store
personal data including credit card and banking information to be used in a variety of transactions.  The Company has a business
focus in the identification, security and mobile payment businesses, and it had its technology used during the election process
in Ghana, Africa. The Company has a range of state-of-the-art products in these fields and has begun serious market penetration
with the sale and placement of units.



As a result of the Acquisition,
Innovation in Motion became a wholly owned subsidiary of the Company. The Company, as the sole shareholder of Innovation in Motion,
has taken over the operations and business plans of Innovation in Motion.













CURRENT ACTIVITIES:



IIM Global entered into a business combination
with Innovation in Motion, Inc., a private company involved in the identification, security and mobile payment businesses which
had its technology used during the election process in Ghana, Africa. The company has a range of state-of-the-art products in these
fields and has begun serious market penetration with the sale and placement of units.



Innovation in Motion was founded in April,
2009 and successfully achieved an estimated pre-tax revenue of $7.8M in 2012 growing from $300K pre-tax revenues in 2011. Thomas
Szoke, one of the founders of Innovation In Motion, played the lead role in the development and patenting of its technologies.
David S. Jones, the sole officer and director of IIM Global, was the president and chief executive officer of Innovation in Motion,
Inc.



IIM Global filed Form 8K noticing the business
combination on August 12, 2013. The combination took the form of a reverse merger and a stock-for-stock exchange. The Company reorganized
the business combination to be within the definition of a tax-free reorganization under Section 351 or Section 368 of the Internal
Revenue Code of 1986, as amended.



As of December 31, 2013 IIM Global began
discussion with an AFIS (Biometric Software Solutions) company as a possible acquisition in early 2014. This potential acquisition
would provide technology that would complement the current Innovation In Motion technologies and provide the ability for solution
sales.



IIM Global Corporation is also in strategic
talks with an ID Card Solutions company and other potential key partners in order to bring complementary technologies and services,
such as ID card production, National ID and Elections solutions, licensed web based personalization of the IIM Global Corps mobile
payment solution, perimeter security solutions and a wide variety of support and managed service solutions for ongoing support
and revenue stream businesses.



As of December 31, 2013, IIM Global had
not generated revenues and had no income or cash flows from operations during calendar year 2013. At December 31, 2013, IIM Global
had sustained net loss of $976,238 and had accumulated a deficit of $1,490,734.



On February 13, 2014, the Company filed
a registration statement on Form S-1 for the offer and sale by certain shareholders of 58,673,987 shares of common stock held by
those shareholders at a price of $0.60. The registration statement is not effective at the time of filing this Report and no sales
can be made therefrom.



Preferred Stock



The Company currently has no Preferred
Stock Authorized.



Item 1. Properties



On October 23, 2013 the company entered
into an office building lease with purchase option, the lease is for the Company’s corporate office in Longwood, Florida.
The Company has the option to purchase the building at the end of the 6 months lease term for a total purchase price of $430,000
less the non-refundable deposit that was paid on the lease initiation. The amount of the deposit and prepaid lease amounted to
$112,000 as of December 31, 2013



Item 2. Legal Proceedings



There is no litigation pending or threatened
by or against the Company.



Item 3. Mine Safety Disclosures.



Not applicable.













PART II



Item 5. Market for Registrant's Common
Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities



There is currently no public market for
the Company's securities. The company has taken steps with the SEC for admission to quotation and submitted an S1 filing to cause
the Company's common stock to trade in one or more United States securities markets. Upon approval of the S1 filing the Company
may choose to apply for quotation of its securities on the OTC Bulletin Board.



The OTC Bulletin Board is a dealer-driven
quotation service. Unlike the Nasdaq Stock Market, companies cannot directly apply to be quoted on the OTC Bulletin Board, only
market makers can initiate quotes, and quoted companies do not have to meet any quantitative financial requirements. Any equity
security of a reporting company not listed on the Nasdaq Stock Market or on a national securities exchange is eligible.



Admission to Quotation on the OTC Bulletin
Board



If the Company meets the qualifications,
it intends to work with market-makers for its securities that will apply for quotation of its common stock on the OTC Bulletin
Board. However, the Company does not know if any such application will be made and whether it will be successful if made, how long
such application will take, or, that if successful, that a market for the common stock will ever develop or continue on the OTC
Bulletin Board.



The OTC Bulletin Board differs from national
and regional stock exchanges in that it (1) is not situated in a single location but operates through communication of bids, offers
and confirmations between broker-dealers and (2) securities admitted to quotation are offered by one or more broker-dealers rather
than the "specialist" common to stock exchanges. To qualify for quotation on the OTC Bulletin Board, an equity security
must have one registered broker-dealer, known as the market maker, willing to list bid or sale quotations and to sponsor the company
listing. In addition, the Company must make available adequate current public information as required by applicable rules and regulations.



Since inception, the Company has issued
shares of its common stock which were not registered as follows:





|                              |  | NUMBER OF |                                
|----------------------------- |  | --------- | -------------------------------
|NAME                          |  | SHARES    |                                
|                              |  |           |                                
|Tiber Creek Corporation       |  |           | 10,000,000                     
|                              |  |           | (9,750,000 redeemed 12/20/2012)
|MB Americus LLC               |  |           | 10,000,000                     
|                              |  |           | (9,750,000 redeemed 12/20/2012)
|David S. Jones                |  |           | 1,000,000                      
|Multipolaris Corp             |  |           | 3,200,000                      
|Interpolaris Pte. Ltd.        |  |           | 32,000,000                     
|MP Informatikai, Kft.         |  |           | 19,200,000                     
|Thomas Szoke                  |  |           | 32,000,000                     
|Thomas Szoke LLC              |  |           | 1,315,940                      
|WalkThink LLC                 |  |           | 14,400,000                     
|Rick Antunes                  |  |           | 33,262,800                     
|David S. Jones                |  |           | 19,434,549                     
|Melba Liliana Gonzalez Molina |  |           | 2,400,000                      
|Jon Melzer                    |  |           | 250,000                        
|Eric Katz                     |  |           | 40,000                         
|Danny Katz                    |  |           | 60,000                         
|Luis Barroso                  |  |           | 60,000                         
|Douglas W. Solomon            |  |           | 1,500,000                      



Item 6. Selected Financial Data.



There is no selected financial data required
to be filed for a smaller reporting company.













Item 7. Management's Discussion and
Analysis of Financial Condition and Results of Operations



For calendar year 2013 and as of December
31, 2013, IIM Global had not generated revenues and had sustained a net loss of $976,238 and had an accumulated deficit of $1,490,734.



The Company's independent auditors have
issued a report raising substantial doubt about the Company's ability to continue as a going concern. The continuation of IIM Global
as a going concern is dependent upon financial support from its stockholders, its ability to obtain necessary equity financing
to continue operations and/or to successfully locate and negotiate with a business entity for the combination of that target company
with IIM Global.



The Company has entered into an agreement
with Tiber Creek Corporation of which the former president of the Company is the president and controlling shareholder. Tiber Creek
Corporation assists companies to become public reporting companies and for the preparation and filing of a registration statement
pursuant to the Securities Act of 1933, and the introduction to brokers and market makers.



IIM Global entered into a business combination
with Innovation in Motion, Inc., a private company operating in two technology fields: the handheld identification market and mobile
payment market. The private company has a range of state-of-the-art products in these fields and has begun serious market penetration
with the sale and placement of units.

David S. Jones was the president and chief
executive officer of Innovation in Motion.



Likely target companies with which IIM
Global may effect a business combination is one seeking the perceived benefits of a reporting corporation. Such perceived benefits
may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for incentive
stock options or similar benefits to key employees, increasing the opportunity to use securities for acquisitions, providing liquidity
for shareholders and other factors.



Business opportunities may be available
in many different industries and at various stages of development, all of which will make the task of comparative investigation
and analysis of such business opportunities difficult and complex. In analyzing a prospective business combination, the Company
may consider such matters as the available technical, financial and managerial resources; working capital and other financial requirements;
history of operations, if any; prospects for the future; nature of present and expected competition; the quality and experience
of management services which may be available and the depth of that management; the potential for further research, development,
or exploration; specific risk factors not now foreseeable but which may be anticipated; the potential for growth or expansion;
the potential for profit; the perceived public recognition or acceptance of products, services, or trades; name identification;
and other relevant factors.



This discussion of the proposed criteria
is not meant to be restrictive of the virtually unlimited discretion of the Company to search for and enter into potential business
opportunities. The search for a target company will not be restricted to any specific kind of business entities, but may acquire
a venture which is in its preliminary or development stage, which is already in operation, or in essentially any stage of its business
life. It is impossible to predict at this time the status of any business in which the Company may become engaged, whether such
business may need to seek additional capital, may desire to have its shares publicly traded, or may seek other perceived advantages
which the Company may offer.



It is anticipated that any securities issued
in any such business combination would be issued in reliance upon exemption from registration under applicable federal and state
securities laws. In some circumstances, however, as a negotiated element of its transaction, the Company may agree to register
all or a part of such securities immediately after the transaction is consummated or at specified times thereafter. If such registration
occurs, it will be undertaken by the surviving entity after the Company has entered into an agreement for a business combination
or has consummated a business combination. The issuance of additional securities and their potential sale into any trading market
which may develop in the Company's securities may depress the market value of the Company's securities in the future if such a
market develops, of which there is no assurance.



While the terms of a business transaction
to which the Company may be a party cannot be predicted, it is expected that the parties to the business transaction will desire
to avoid the creation of a taxable event and thereby structure the acquisition in a tax-free reorganization under Sections 351
or 368 of the Internal Revenue Code of 1986, as amended.













2013 Year-End Analysis



The Company has not generated any revenues,
has had operating expenses of $971,455. As of December 31, 2013 IIM Global had sustained net loss of $976,238, had accumulated
a deficit of $1,490,734, total assets of $548,506.



Item 8. Financial Statements and Supplementary
Data



The financial statements for the year ended
December 31, 2013 are attached hereto.



Item 9. Changes in and Disagreements
with Accountants on Accounting and Financial Disclosure



There were no changes in or disagreements
with accountants on accounting and financial disclosure for the period covered by this report.



Item 9A. Controls and Procedures



Pursuant to Rules adopted by the Securities
and Exchange Commission. The Company carried out an evaluation of the effectiveness of the design and operation of its disclosure
controls and procedures pursuant to Exchange Act Rules. This evaluation was done as of the end of the fiscal year under the supervision
and with the participation of the Company's principal executive officer. There have been no significant changes in internal controls
or in other factors that could significantly affect internal controls subsequent to the date of the evaluation. Based upon that
evaluation, the principal executive officer believes that the Company's disclosure controls and procedures are effective in gathering,
analyzing and disclosing information needed to ensure that the information required to be disclosed by the Company in its periodic
reports is recorded, summarized and processed timely. The principal executive officer is directly involved in the current day-to-day
operations of the Company.



Management's Report of Internal Control
over Financial Reporting



The Company is responsible for establishing
and maintaining adequate internal control over financial reporting in accordance with the Rule 13a-15 of the Securities Exchange
Act of 1934. The Company's officer, its president, conducted an evaluation of the effectiveness of the Company's internal control
over financial reporting as of December 31, 2013, based on the criteria establish in Internal Control Integrated Framework issued
by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, management concluded that the
Company's internal control over financial reporting was effective as of December 31, 2013, based on those criteria. A control system
can provide only reasonably, not absolute, assurance that the objectives of the control system are met and no evaluation of controls
can provide absolute assurance that all control issues have been detected.



Anton & Chia, LLP, the independent
registered public accounting firm for IIM Global, has not issued an attestation report on the effectiveness of IIM Global's internal
control over financial reporting.



Changes in Internal Control Over Financial
Reporting



There have been no changes in the Company's
internal controls over financial reporting during its fourth fiscal quarter that have materially affected, or are reasonably likely
to materially affect, its internal control over financial reporting.



Item 9B. Other Information



Not applicable.



PART III



Item 10. Directors, Executive Officers,
and Corporate Governance;



The Directors and Officers of the Company
are as follows:



|Name            |  | Position(s) and Offices Held       
|--------------- |  | -----------------------------------
|David S. Jones  |  | CEO, President, Secretary, Director
|Douglas Solomon |  | Director                           
|Andras Vago     |  | Director                           
|Thomas Szoke    |  | Director                           
|Haraldo Artmann |  | Director                           













Management of IIM Global



IIM Global has only one full time employee
and utilizes the outside services of various contracted employees and consultants.



On December 20, 2012, David S. Jones was
named as the sole director of the Company and appointed its CEO, President, Secretary and Treasurer.



David S. Jones has been in global business
management in all regions of the world including global management of company personnel and contractor/partner relationships. He
has served as a board member on joint ventures operating in Beijing, China, Bangalore, India and Perth, Australia. He has served
in sales, systems integration, support and managed services, operations, reverse logistics, distribution, product management, marketing,
finance, engineering, business development and other areas with a particular expertise in customer, partner and joint venture management.



From 1986 through 2007, Mr. Jones worked
for Motorola, Inc. with various systems, operations and business development positions retiring as Vice President for Global Service
Delivery Operations responsible for global delivery of all technical call center services, network operations centers, secure operation
center, technical training and services business development. He served as a board member for the joint venture between Motorola
and WiPro in Bangalore, India, board member of a joint venture in Beijing, China and board member of a joint venture in Perth,
Australia. From 2007 to 2010, Mr. Jones was Vice President and General Manager of the Global Services Division for Intermec Technologies,
Inc., Everett, Washington. Mr. Jones was responsible for Intermec's global services and aftermarket sales business including margin
improvement and revenue growth, sales, third party services, marketing finance, call centers, parts sales and professional and
managed services. From 2010 to 2011, Mr. Jones served as a consultant to large and small manufacturers. In 2011 Mr. Jones joined
Innovation in Motion Inc. which was established in April, 2009 and has grown from $300,000 in revenues in 2011 to a pre-tax revenue
of $7.8 Million.



Mr. Jones received his Bachelor of Science
in Engineering from Rose Hulman Institute of Technology, Terre Haute, Indiana and his Master’s in Business Administration
degree from Baldwin Wallace College, Berea, Ohio.



Conflicts of Interest



David S. Jones, the sole officer and director
of the Company, was also the president and chief executive officer of Innovation in Motion, a company with which IIM Global successfully
effected a business combination on August 13, 2013.



There are no binding guidelines or procedures
for resolving potential conflicts of interest. Failure by management to resolve conflicts of interest in favor of the Company could
result in liability of management to the Company. However, any attempt by shareholders to enforce a liability of management to
the Company would most likely be prohibitively expensive and time consuming.



Code of Ethics. The Company has
not at this time adopted a Code of Ethics pursuant to rules described in Regulation S-K. The Company and its board has agreed to
put a Code of Ethics in place in early 2014. With the increase in shareholders and the start of hiring employees directly into
the company in early 2014, the adoption of an Ethical Code is becoming important. Such a code will be established to provide a
manner of conduct as the development and execution of IIM Global’s business begins to take root. At this time enforcement
of such a code would be by the same person and only person to whom such code would apply. However, with the hiring of employees
in 2014 a Code of Ethics will be developed. At the time the Company entered into a business combination with Innovation In Motion,
no employees of Innovation In Motion became employees of IIM Global. But the current officer and director has recommended to the
Board of Directors that such a code be adopted.













Corporate Governance. For reasons
similar to those described above, the Company does not have a nominating nor audit committee of the board of directors. The Company
has received no revenues as of December 31, 2013. Since the company entered into a business combination Innovation In Motion, has
added additional shareholders and put in place a board of directors, with anticipation of commencing business activities in early
2014, the Company will propose creating committees of its board of directors, including both a nominating and an audit committee.
Until August 13, 2013 there were only three shareholders of the Company. Because of that there was no established process by which
shareholders to the Company can nominate members to the Company's board of directors. However, since the combination of Innovation
In Motion into IIM Global the expansion of shareholders allowed for the election of a Board of Directors in late 2013.



Item 11. Executive Compensation



Remuneration of Officers:



As of December 31, 2013, there was no accrued
compensation that was due to the Company’s employees or officers. Upon successful completion by the Company of a primary
public offering in the future (or the completion of other financing or funding), however, the Company may compensate officers and
employees as is discussed below in “Anticipated Officer and Director Remuneration.”



Each of the officers has received certain
shares of common stock in the Company in connection with the change of control of the Company and/or the Acquisition. Accordingly,
the Company has not recorded any compensation expense in respect of any shares issued to the officers as such shares do not represent
compensation that was paid to any officer.



There are no current plans to pay or distribute
any cash or non-cash bonus compensation to officers of the Company, until such time as the Company is profitable, experiences positive
cash flow or obtains additional financing.However, the Board of Directors may allocate salaries and benefits to the officers
in its sole discretion. No officer is subject to a compensation plan or arrangement that results from his or her resignation, retirement,
or any other termination of employment with the Company or from a change in control of the company or a change in his or her responsibilities
following a change in control. The members of the Board of Directors may receive, if the Board so decides, a fixed fee and reimbursement
of expenses, for attendance at each regular or special meeting of the Board, although no such program has been adopted to date.
The Company currently has no retirement, pension, or profit-sharing plan covering its officers and directors; however, the Company
plans to implement certain such benefits after sufficient funds are realized or raised by the Company (see “Anticipated Officer
and Director Remuneration” below.)



Employment Agreements



David S. Jones, the CEO of the Company,
has an employment agreement with the Company, originally entered into in October 2011 (and subsequently amended in August 2012).
Pursuant to this agreement, Mr. Jones (as the CEO) is entitled to a base salary of $210,000, plus eligibility for performance bonuses
and other perquisites. Mr. Jones also receives an automobile allowance of $1,000 per month from the Company. The employment agreement
with Mr. Jones has a term of five years, thus expiring in 2016, and is subject to renewal at such time for an additional period
of two years. The employment agreement was amended as of July 1, 2013 to reflect a total compensation of $1 per year for the executive
from that date on.



The Company has certain key personnel
consulting arrangements of note:



The Company retained Thomas Szoke PA, LLC
(“Szoke LLC”) as a long-term contractor for the Company since May 2009. Szoke LLC is involved in all key aspects of
the Company, including corporate strategy, product development, intellectual property and marketing planning. The firm is a key
advisor and consultant for the board of directors and senior management of the Company. The contractor agreement originally had
a term of 5 years, and is set to expire by May 2014. However, in June 2012, the Company and Szoke LLC amended the original agreement,
and the newly amended agreement expires 5 years from the date of the amendment. The amended agreement increases the scope of Szoke
LLC’s services to include sales support, technology planning and other operational duties. The amended agreement provides
that Szoke LLC will receive a consulting fee of $25,000 per month, subject to increase by ten percent (10%) each year. In November
2012, the parties again amended the agreement, so that Szoke LLC could also provide technical support for the Company’s patenting
process relating to HDR and SRIO solutions. In consideration of these additional services, Szoke LLC was granted equity awards
in the Company. On October 1, 2013 the contractor agreement with Thomas Szoke LLC was terminated by mutual agreement of both parties.













The Company entered a technical consulting
engagement with Andras Vago in November 2012. Pursuant to the agreement, Mr. Vago provides technical consulting with respect to
the Company’s intellectual property and product development. The term of the agreement is 12 months, subject to extension
by mutual agreement of the parties. In exchange for his services, Mr. Vago received equity awards from the Company.



The Company has a consulting agreement
with Platinum Bay, located in Florida, for senior management advice and consultative assistance. Under this agreement (which was
amended and restated in November 2012), Platinum Bay receives a flat amount of $2,100 per week for its services to the Company.
The agreement expires at the end of October 2014. The agreement was terminated by mutual agreement of both parties on October 1,
2013.





Anticipated Officer and Director Remuneration



The Company pays reduced levels of compensation
to its director at present. The Company intends to pay regular, competitive annual salaries to all its officers and directors and
will pay an annual stipend to its directors when, and if, it completes a primary public offering for the sale of securities and/or
the Company reaches greater profitability, experiences larger and more sustained positive cash flow and/or obtains additional funding.
At such time, the Company anticipates offering additional cash and non-cash compensation to officers and directors. In addition,
the Company anticipates that its officers and directors will be provided with additional fringe benefits and perquisites at subsidizes
rates, or at the sole expense of the Company, as may be determined on a case-by-case basis by the Company in its sole discretion.
In addition, the Company may plan to offer 401(k) matching funds as a retirement benefit at a later time.



Item 12. Security Ownership of Certain
Beneficial Owners and Management and Related Stockholder Matters



The following table sets forth, as of December
31, 2013, each person known by the Company to be the officer or director of the Company or a beneficial owner of five percent or
more of the Company's common stock. Except as noted, the holder thereof has sole voting and investment power with respect to the
shares shown.



|Name of Beneficial              |  | Amount of Beneficial |             |  | Percent of       
|------------------------------- |  | -------------------- | ----------- |  | -----------------
|Owner                           |  | Ownership            |             |  | Outstanding Stock
|                                |  |                      |             |  |                  
|David S. Jones                  |  |                      | 20,434,549  |  |                  
|160 E. Lake Brantley Drive      |  |                      |             |  |                  
|Longwood, Florida 32779         |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|Thomas R. Szoke (1)             |  |                      | 33,315,940  |  |                  
|& Thomas Szoke, LLC             |  |                      |             |  |                  
|160 E. Lake Brantley Drive      |  |                      |             |  |                  
|Longwood, Florida 32779         |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|Rick Antunes                    |  |                      | 32,262,800  |  |                  
|160 E. Lake Brantley Drive      |  |                      |             |  |                  
|Longwood, Florida 32779         |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|Multipolaris Pte. Ltd. (2)      |  |                      | 3,200,000   |  |                  
|Budapest, Hungary               |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|Interpolaris Pte. Ltd. (2)      |  |                      | 32,000,000  |  |                  
|Budapest, Hungary               |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|MP Informatikai Kft. (2)        |  |                      | 19,200,000  |  |                  
|Budapest, Hungary               |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|WalkThink LLC (3)               |  |                      | 14,400,000  |  |                  
|London, England                 |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|Douglas W. Solomon (4)          |  |                      | 1,500,000   |  |                  
|160 E. Lake Brantley Drive      |  |                      |             |  |                  
|Longwood, Florida 32779         |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|Haraldo Artmann (5)             |  |                      |             |  |                  
|Company Director                |  |                      |             |  |                  
|160 E. Lake Brantley Drive      |  |                      |             |  |                  
|Longwood, Florida 32779         |  |                      |             |  |                  
|                                |  |                      |             |  |                  
|All Executive Officers and      |  |                      | 109,650,489 |  |                  
|Directors as a Group (5 People) |  |                      |             |  |                  













*Less than 5%



| | (1) | As the sole shareholder, officer and director of Thomas Szoke LLC, a Florida Corporation, Mr. Szoke
is deemed to be the beneficial owner of the shares of common stock of IIM Global owned by it.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (2) | As the sole shareholder, officer and principal of Multipolaris Corporation, Interpolaris Pte.Ltd.
and MP Informatikai Kft., all Hungarian business entities, Mr. Andras Vago is deemed to be the beneficial owner of the shares of
IIM Global owned by each entity.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (3) | As the sole shareholder, officer and director of WalkThink LLC, Mr. Daniel Fozatti is deemed to
be the beneficial owner of the shares of common stock of IIM Global owned by it.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (4) | Douglas W. Solomon is a director of the company.
| | --- | ------------------------------------------------

| | (5) | Haraldo Artmann is a director of the company.
| | --- | ---------------------------------------------



Item 13. Certain Relationships and Related
Transactions and Director Independence



Mr. Andras Vago is the majority shareholder
of the Company, via his shares shown in Multipolaris Corporation, Interpolaris Pte. Ltd. and MP Informatikai Kft. Mr. Vago also
serves as a director on the board of the company. Mr. Thomas R. Szoke is the second largest shareholder directly and through Thomas
Szoke LLC which he is the sole shareholder, officer and director. Mr. Szoke is also a director on the board of the company and
a technology and business consultant with the company and is anticipated to join the company as an officer in early 2014. Mr. Douglas
W. Solomon is also a board director for the company and is anticipated to become an officer in the company in early 2014. Mr. Rick
Antunes is the third largest shareholder in the company and a consultant for company’s business. Mr. David S. Jones is the
fourth largest shareholder and as is currently the sole officer in the corporation and serves as President and CEO and is also
a director of the board for the company.



IIM Global is not currently required to
maintain an independent director as defined by Rule 4200 of the Nasdaq Capital Market nor does it anticipate that it will be applying
for listing of its securities on an exchange in which an independent directorship is required. However, the company has chosen
to put two independent directors on the board at this time. Two of the five directors, Mr. Thomas Szoke and Mr. Douglas Solomon,
are expected to become officers in the company in early 2014.



SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
OWNERS AND MANAGEMENT



The following table sets forth information
as of the date of this regarding the beneficial ownership of the Company’s common stock by each of the Company’s executive
officers and directors, individually and as a group and by each person who beneficially owns in excess of five percent of the common
stock after giving effect to any exercise of warrants or options held by that person.



|Name            |  | Position                    |  | Number of Shares of |            |     | Percentage of Class
|--------------- |  | --------------------------- |  | ------------------- | ---------- | --- | -------------------
|                |  |                             |  | Common Stock        |            |     | Total (1)          
|                |  |                             |  |                     |            |     |                    
|David S. Jones  |  | President, CEO and Director |  |                     | 20,434,549 |     |                    
|                |  |                             |  |                     |            |     |                    
|Andras Vago     |  | 5% Shareholder and Director |  |                     | 54,400,000 | (2) |                    
|                |  |                             |  |                     |            |     |                    
|Thomas Szoke    |  | 5% Shareholder and Director |  |                     | 33,315,940 | (3) |                    
|                |  |                             |  |                     |            |     |                    
|Rick Antunes    |  | 5% Shareholder              |  |                     | 33,262,800 |     |                    
|                |  |                             |  |                     |            |     |                    
|Daniel Fozzati  |  | 5% Shareholder              |  |                     | 14,400,000 | (4) |                    
|                |  |                             |  |                     |            |     |                    
|Douglas Solomon |  | Director                    |  |                     | 1,500,000  |     |                    
|                |  |                             |  |                     |            |     |                    
|Haraldo Artmann |  | Director                    |  |                     | 0          |     |                    













* Less than 1%



(1) Based upon 160,623,289 shares outstanding
as of the date of this 10K.

(2) Includes 3,200,000 shares held by Multipolaris
Corporation, 32,000,000 shares held by Interpolaris Pte. Ltd. and 19,200,000 held by MP Informatikai Kft. Mr. Vago is an officer
and principal of each of these entities, and he may be deemed the beneficial owner or the shares held by such entities.

(3) Includes 1,315,940 shares held by Thomas
Szoke LLC. Mr. Szoke is an officer and principal of the entity, and he may be deemed the beneficial owner or the shares held by
such entity.

(4) Includes 14,400,000 shares held by
Walk Think LLC. Mr. Fozzati is an officer and principal of the entity, and he may be deemed the beneficial owner or the shares
held by such entity.



Item 14. Principal Accounting Fees and
Services.



The Company has operating, investing and
financial activities with a net loss of $976,238. The company entered into agreement with an outside accounting firm for accounting
purposes and aid in filing for all state and federal required taxes and reports. The Company's current president donated his time
in filing Delaware taxes and SEC reports.



Audit Fees



The aggregate fees incurred for each of
the last two years for professional services rendered by the independent registered public accounting firm for the audits of the
Company's annual financial statements and review of financial statements included in the Company's Form 10-K and Form 10-Q reports
and services normally provided in connection with statutory and regulatory filings or engagements were as follows:



|                   |  | December 31, 2012 |        |  | December 31, 2013 |  
|------------------ |  | ----------------- | ------ |  | ----------------- | -
|Audit-Related Fees |  | $                 | 20,510 |  |                   | $



The Company does not currently have an
audit committee serving and as a result its board of directors performs the duties of an audit committee. The board of directors
will evaluate and approve in advance, the scope and cost of the engagement of an auditor before the auditor renders audit and non-audit
services. The Company does not rely on preapproval policies and procedures.



PART IV



Item 15. Exhibits, Financial Statement
Schedules





FINANCIAL STATEMENTS















REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Directors and Stockholders of IIM Global Corporation



We have audited the accompanying consolidated balance sheets of IIM Global Corporation (the
“Company”) as of December 31, 2013 and 2012, and the related consolidated statements of income, changes in stockholders’
equity, and cash flows for each of the years ended December 31, 2013 and 2012. The Company’s management is responsible for
these consolidated financial statements. Our responsibility is to express an opinion on these consolidated financial statements
based on our audits.



We conducted
our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free
of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control
over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing
audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
of the company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes
examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements, assessing
the accounting principles used and significant estimates made by management, as well as evaluating the overall consolidated financial
statement presentation. We believe that our audits provide a reasonable basis for our opinion.



In
our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position
of the Company as of December 31, 2013 and 2012, and the results of its operations and its cash flows for each of the years in
the two-year period ended December 31, 2013 and 2012 in conformity with accounting principles generally accepted in the United
States of America.



The
accompanying consolidated financial statements are presented assuming the Company will continue as a going concern. As more fully
described in Note 1 to the consolidated financial statements, the Company has sustained accumulated losses from operations totaling
approximately $1,491,000 and $515,000 at December 31, 2013 and 2012, respectively. All revenues recognized in 2012 are generated
from one project - “Ghana 2010 Election” and are expired after December 31, 2012. These conditions, among others, raise
substantial doubt about its ability to continue as a going concern. Management's plans to address these conditions are also set
forth in Note 1 to the consolidated financial statements. The accompanying consolidated financial statements do not include any
adjustments which might be necessary if the Company is unable to continue as a going concern.



/s/
Anton & Chia, LLP



Newport Beach, California



April 14, 2014















IIM GLOBAL CORP.



(FORMERLY:SILVERWOOD ACQUISITION CORPORATION)



CONSOLIDATED BALANCE SHEETS



ASSETS





|                                                                           |  | December 31, |            |   | December 31, |  
|-------------------------------------------------------------------------- |  | ------------ | ---------- | - | ------------ | -
|                                                                           |  | 2013         |            |   | 2012         |  
|Current Assets                                                             |  |              |            |   |              |  
|Cash                                                                       |  | $            | 5,349      |   |              | $
|Accounts receivable                                                        |  |              | -          |   |              |  
|Other current assets                                                       |  |              | 112,000    |   |              |  
|Total Current Assets                                                       |  |              | 117,349    |   |              |  
|                                                                           |  |              |            |   |              |  
|Property and equipment, net                                                |  |              | 38,011     |   |              |  
|Intangible, net                                                            |  |              | 393,146    |   |              |  
|                                                                           |  |              |            |   |              |  
|Total Assets                                                               |  | $            | 548,506    |   |              | $
|                                                                           |  |              |            |   |              |  
|LIABILITIES AND STOCKHOLDERS' EQUITY                                       |  |              |            |   |              |  
|                                                                           |  |              |            |   |              |  
|Current Liabilities                                                        |  |              |            |   |              |  
|Accounts payable and accrued expenses                                      |  | $            | 50,510     |   |              | $
|Related party payables                                                     |  |              | 16,175     |   |              |  
|Promissory notes-related party                                             |  |              | 224,615    |   |              |  
|Total Current Liabilities                                                  |  |              | 291,300    |   |              |  
|                                                                           |  |              |            |   |              |  
|Total Liabilities                                                          |  |              | 291,300    |   |              |  
|                                                                           |  |              |            |   |              |  
|Stockholder's Equity                                                       |  |              |            |   |              |  
|Common stock, 300,000,000 shares authorized                                |  |              |            |   |              |  
|$0.0001 par value, 160,623,289 and 1,500,000 shares issued and outstanding |  |              |            |   |              |  
|at December 31, 2013 and 2012 (*), respectively                            |  |              | 16,062     |   |              |  
|Additional paid-in capital                                                 |  |              | 1,731,878  |   |              |  
|Accumulated deficit                                                        |  |              | (1,490,734 | ) |              |  
|Total Stockholder's Equity                                                 |  |              | 257,206    |   |              |  
|                                                                           |  |              |            |   |              |  
|Total Liabilities and Stockholders' Equity                                 |  | $            | 548,506    |   |              | $



* The December 31, 2012 capital
accounts of the Company have been retroactively restated to reflect the equivalent number of common shares based on the exchange
ratio of the merger transaction. See Note 2.



The accompanying notes are an integral part of these consolidated financial statements





2







IIM GLOBAL CORP.



(FORMERLY:SILVERWOOD ACQUISITION
CORPORATION)

CONSOLIDATED STATEMENTS OF OPERATIONS



|                                                |  | December 31, |           
|----------------------------------------------- |  | ------------ | ----------
|                                                |  | 2013         |           
|Revenues:                                       |  |              |           
|Product revenues                                |  | $            | -         
|Support and maintenance revenues                |  |              | -         
|Total Revenues                                  |  |              | -         
|                                                |  |              |           
|Cost of Goods Sold                              |  |              | -         
|                                                |  |              |           
|Gross Profit                                    |  |              | -         
|                                                |  |              |           
|Operating Expenses                              |  |              |           
|Depreciation and amortization                   |  |              | 44,530    
|Research and development                        |  |              | 44,000    
|General and administrative                      |  |              | 882,925   
|                                                |  |              | 971,455   
|                                                |  |              |           
|(Loss)/Income from operations                   |  |              | (971,455  
|                                                |  |              |           
|Other Income                                    |  |              |           
|Interest income                                 |  |              | 20        
|Interest expense                                |  |              | (4,803    
|                                                |  |              | (4,783    
|                                                |  |              |           
|(Loss)/income before income taxes               |  |              | (976,238  
|                                                |  |              |           
|Income taxes                                    |  |              | -         
|                                                |  |              |           
|Net (loss)/Income                               |  | $            | (976,238  
|(Loss)/earnings per share - basic and diluted   |  | $            | (0.02     
|Weighted average shares - basic and diluted (*) |  |              | 63,650,780





* The capital accounts of the Company
have been retroactively restated to reflect the equivalent number of common shares based on the exchange ratio of the merger transaction
in determining the basic and diluted weighted average shares. See Note 2



The accompanying notes are an integral part of these consolidated financial statements





3







IIM GLOBAL CORP.



(FORMERLY:SILVERWOOD ACQUISITION
CORPORATION)

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY



|                                                  |  |              |             |   |        |   |        | Common     |  |   | Additional  |   |  |               |           |   | Total  |  
|------------------------------------------------- |  | ------------ | ----------- | - | ------ | - | ------ | ---------- |  | - | ----------- | - |  | ------------- | --------- | - | ------ | -
|                                                  |  | Common Stock |             |   | Stock  |   |        | Paid-In    |  |   | Accumulated |   |  | Stockholders' |          
|                                                  |  | Shares       |             |   | Amount |   |        | Subscribed |  |   | Capital     |   |  | Deficit       |           |   | Equity |  
|Balance December 31, 2011                         |  |              | 20,000,000  |   |        |   | 2,000  |            |  |   | -           |   |  |               | 1,052,159 |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Issuance of shares upon exercise of stock options |  |              | 9,000,000   |   |        |   | 900    |            |  |   | -           |   |  |               | (100      | ) |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Issuance of shares for cash                       |  |              | 1,000,000   |   |        |   | 100    |            |  |   | -           |   |  |               | -         |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Redemption of common stock                        |  |              | (19,500,000 | ) |        |   | (1,950 | )          |  |   | -           |   |  |               | -         |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Additional contributed capital                    |  |              | -           |   |        |   | -      |            |  |   | -           |   |  |               | (262,854  | ) |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Recapitalization                                  |  |              | (9,000,000  | ) |        |   | (900   | )          |  |   | -           |   |  |               | 850       |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Net income                                        |  |              | -           |   |        |   | -      |            |  |   | -           |   |  |               | -         |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Balance-December 31, 2012 *                       |  |              | 1,500,000   |   |        | $ | 150    |            |  | $ | -           |   |  | $             | 790,055   |   |        | $
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Issuance of shares to settle liabilities          |  |              | 460,390     |   |        |   | 46     |            |  |   | -           |   |  |               | 115,051   |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Debt forgiven by related parties                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               | 128,456   |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Issuance of shares for cash                       |  |              | 1,910,000   |   |        |   | 191    |            |  |   | (515,000    | ) |  |               | 514,809   |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Common stock subscribed                           |  |              | -           |   |        |   | -      |            |  |   | 515,000     |   |  |               | -         |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Stock issued upon reverse merger                  |  |              | 156,752,899 |   |        |   | 15,675 |            |  |   | -           |   |  |               | 183,507   |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Net loss                                          |  |              | -           |   |        |   | -      |            |  |   | -           |   |  |               | -         |   |        |  
|                                                  |  |              |             |   |        |   |        |            |  |   |             |   |  |               |           |   |        |  
|Balance-December 31, 2013                         |  |              | 160,623,289 |   |        | $ | 16,062 |            |  | $ | -           |   |  | $             | 1,731,878 |   |        | $



* The December 31, 2012 capital
accounts of the Company have been retroactively restated to reflect the equivalent number of common shares based on the exchange
ratio of the merger transaction. See Note 2.



The accompanying notes are an integral part of these consolidated financial statements



4







IIM GLOBAL CORP.



(FORMERLY:SILVERWOOD ACQUISITION
CORPORATION)

CONSOLIDATED STATEMENTS OF CASH FLOWS



|                                                                            |  | December 31, |          
|--------------------------------------------------------------------------- |  | ------------ | ---------
|OPERATING ACTIVITIES:                                                       |  | 2013         |          
|Net (loss)/income                                                           |  | $            | (976,238 
|Adjustments to reconcile net loss to net cash used in operating activities: |  |              |          
|Depreciation and amortization expense                                       |  |              | 44,530   
|Changes in assets and liabilities:                                          |  |              |          
|Accounts receivable                                                         |  |              | 117,924  
|Other assets                                                                |  |              | (112,000 
|Accounts payable and accrued expenses                                       |  |              | (39,538  
|Due to related parties                                                      |  |              | 64,730   
|                                                                            |  |              |          
|Net cash (used in)/provided by operating activities                         |  |              | (900,592 
|                                                                            |  |              |          
|INVESTING ACTIVITIES:                                                       |  |              |          
|Loan receivable                                                             |  |              | -        
|Investment in intangibles                                                   |  |              | (231,860 
|                                                                            |  |              |          
|Net cash used in investing activities                                       |  |              | (231,860 
|                                                                            |  |              |          
|FINANCING ACTIVITIES:                                                       |  |              |          
|Proceeds from issuance of common stock                                      |  |              | 515,000  
|Proceeds from issuance of promissory notes                                  |  |              | 162,500  
|Issuance of common stock to settle liabilities                              |  |              | 115,097  
|Debt forgiven by related parties                                            |  |              | 128,456  
|Shares issued upon reverse merger                                           |  |              | 199,180  
|Additional contributed capital                                              |  |              | -        
|Net cash provided by financing activities                                   |  |              | 1,120,233
|Net (decrease)/increase in cash                                             |  |              | (12,219  
|CASH AT BEGINNING OF PERIOD                                                 |  |              | 17,568   
|CASH AT END OF PERIOD                                                       |  | $            | 5,349    
|                                                                            |  |              |          
|NON-CASH INVESTING AND FINANCING ACTIVITIES:                                |  |              |          
|Stock issued to settle consulting fees                                      |  | $            | 115,098  
|Stock issued to effect reverse merger                                       |  | $            | -        



The accompanying notes are an integral part of these consolidated financial statements





5







1. OVERVIEW



Description of business and merger



IIM Global Corporation (formerly Silverwood
Acquisition Corporation) ("IIM Global" or the "Company") was incorporated on September 21, 2011 under the laws
of the State of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions.
IIM Global has been in the developmental stage since inception. In addition to a change in control of its management and shareholders,
the Company's operations to date have been limited to issuing shares and filing a registration statement on Form 10 pursuant to
the Securities Exchange Act of 1934. IIM Global was formed to provide a method for a foreign or domestic private company to become
a reporting company with a class of securities registered under the Securities Exchange Act of 1934.



On December 20, 2012, the shareholders
of the Corporation and the Board of Directors unanimously approved the change of the Registrant's name to IIM Global Corporation
and filed such change with the State of Delaware. The registrant redeemed an aggregate of 19,500,000 of the then 20,000,000 shares
of outstanding stock at a redemption price of $0.0001 per share for an aggregate redemption price of $1,950. The current officers
and directors resigned, and a new officer/director was appointed and elected resulting in the change of control of the Company.



On August 12, 2013, IIM Global
acquired Innovation in Motion Inc., a Florida corporation (“Innovation in Motion”), in a stock-for-stock transaction
(the “Acquisition”). The purpose of the Acquisition was to facilitate and prepare the Company for a registration statement
and/or public offering of securities.



The Acquisition was effected
by the Company through the exchange of each of the outstanding shares and interests of Innovation in Motion for 1.6 shares of common
stock of the Company. As a result, in the Acquisition, 97,970,562 shares and interests of common stock of Innovation in Motion
were exchanged for, and converted into, 156,752,899 shares of common stock of the Company.



Innovation in Motion was formed
in April 2009 in the State of Florida, and was a private company operating in two technology fields: the handheld identification
market and mobile payment market. Since its inception, Innovation in Motion has provided handheld mobile biometric devices which
are used primarily by government and law enforcement agencies to capture and process the unique characteristics of individuals
to verify their identities. Additionally, the Company has recently introduced a new highly secured biometric wallet device to store
personal data including credit card and banking information to be used in a variety of transactions.  The Company has a business
focus in the identification, security and mobile payment businesses, and it had its technology used during the election process
in Ghana, Africa. The Company has a range of state-of-the-art products in these fields and has begun serious market penetration
with the sale and placement of units.



As a result of the Acquisition,
Innovation in Motion became a wholly owned subsidiary of the Company. The Company, as the sole shareholder of Innovation in Motion,
has taken over the operations and business plans of Innovation in Motion.



6







1. OVERVIEW (continued)



Reverse Merger Accounting



Since former Innovation in Motion security
holders owned, after the merger, the majority of IIM Global shares of common stock, and as a result of certain other factors, including
that all members of the Company’s executive management are from Innovation in Motion,  Innovation in Motion is
deemed to be the acquiring company for accounting purposes and the merger was accounted for as a reverse merger and a recapitalization
in accordance with generally accepted accounting principles in the United States (“GAAP”). These consolidated financial
statements reflect the historical results of Innovation in Motion prior to the merger and that of the combined Company following
the merger, and do not include the historical financial results of IIM Global prior to the completion of the merger. Common stock
and the corresponding capital amounts of the Company pre-merger have been retroactively restated as capital stock shares reflecting
the exchange ratio in the merger.



Going Concern



The Company has an accumulated
deficit of $1,490,734 as of December 31, 2013. The Company’s continuation as a going concern is dependent on its ability
to generate sufficient cash flows from operations to meet its obligations, which it has not been able to accomplish to date, and
/or obtain additional financing from its stockholders and/or other third parties.



These financial statements have
been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations
for the next fiscal year. The continuation of the Company as a going concern is dependent upon financial support from its stockholders,
the ability of the Company to obtain necessary equity financing to continue operations, successfully locating and negotiating with
other business entities for potential acquisition and /or acquiring new clients to generate revenues.



Management and shareholders used their
personal funds to pay for certain expenses incurred by the Company in 2013. There is no assurance that the Company will ever be
profitable. These consolidated financial statements do not include any adjustments to reflect the possible future effects on the
recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company
be unable to continue as a going concern.



2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES



The summary of significant accounting policies
presented below is designed to assist in understanding the Company’s consolidated financial statements. Such consolidated
financial statements and accompanying notes are the representations of the Company’s management, who are responsible for
their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States
of America (“GAAP”) in all material respects, and have been consistently applied in preparing the accompanying consolidated
financial statements.



Use of Estimates



In preparing these consolidated
financial statements in conformity with GAAP, management is required to make estimates and assumptions that may affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated financial
statements and the reported amount of revenues and expenses during the reporting periods. Actual results could differ from those
estimates. Significant estimates and assumptions included in our consolidated financial statements relate to the valuation of long-lived
assets, accruals for potential liabilities, and valuation assumptions related to equity instruments and share based payments.





7







2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)



Fair Value Measurements



ASC 820, “Fair Value Measurements”,
requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to
measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level
of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to
measure fair value: Level 1, defined as observable inputs such as quoted prices in active markets for identical assets or liabilities;
Level 2, inputs other than level one that are either directly or indirectly observable such as quoted prices for identical or similar
assets or liabilities on markets that are not active; and Level 3, defined as unobservable inputs in which little or no market
data exists, therefore requiring an entity to develop its own assumptions. The Company had no assets or liabilities required to
be recorded at fair value on a recurring basis as of December 31, 2013 and 2012.



Cash and Cash Equivalents



The Company considers all highly-liquid investments
with maturities of three months or less when purchased to be cash equivalents. The Company had no cash equivalents as of December
31, 2013 and 2012.



Concentration of Credit Risk



Financial instruments that potentially
subject the Company to concentrations of credit risk consist principally of cash and cash equivalents. The Company places its cash
with high quality banking institutions. From time to time, the Company may maintain cash balances at certain institutions in excess
of the Federal Deposit Insurance Corporation limit.



Concentration of Revenues and Accounts
Receivables



In 2012, one customer accounted for 100%
of revenues and accounts receivable and one vendor accounted for 100% of cost of sales and purchases. There was no sales activity
for the year ended December 31, 2013.



Revenue Recognition



The Company recognizes revenue in accordance
with Financial Accounting Standards Board Accounting Standards Codification (“ASC”) No. 605, “Revenue Recognition”.  In
all cases, revenue is recognized only when the price is fixed and determinable, persuasive evidence of an arrangement exists, the
service is performed and collectability of the resulting receivable is reasonably assured.  During the second half of
fiscal year 2012, the Company entered into an agreement to provide biometric verification solutions for the “Ghana 2012 Election”,
in connection with this agreement, the Company entered into another agreement to outsource the manufacturing of the hardware component
(handheld devices). The manufacturer of the handheld devices also covers the warranty on any defective units for a period of twelve
months. All services requested under the Ghana 2012 Election project were delivered and accepted in 2012 and management does not
expect any future commitment or involvement and accordingly all revenues and related costs related to this agreement were recorded
during the first half of the year ended December 31, 2012. There were no revenues generated during the year ended December 31,
2013.



8







2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)



Income Taxes



Under ASC 740, "Income Taxes",
deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary 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 expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that
some or all of the deferred tax assets will not be realized. As of December 31, 2013 and 2012, there were no deferred taxes.



Share Based Compensation



The Company applies ASC 718, Shares-Based
Compensation to account for its service providers’ share-based payments.  Common stock of the Company was given
to service providers to retain their assistance in becoming a U.S. public company, assistance with public company regulations,
investors’ communications and public relations with broker-dealers, market makers and other professional services.



In accordance with ASC 718, the Company
determines whether a share payment should be classified and accounted for as a liability award or equity award.  All
grants of share-based payments to service providers classified as equity awards are recognized in the financial statements based
on their grant date fair values which are calculated using historical pricing.  The Company has elected to recognize
compensation expense based on the criteria that the stock awards vest immediately on the issuance date.  ASC 718 requires
forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent period if actual forfeitures differ from
initial estimates.  There were no forfeitures of share based compensation.



Net Income (Loss) per Common Share



The Company computes net income
(loss) per share in accordance with ASC 260, "Earnings per Share". ASC 260 requires presentation of both basic and
diluted earnings (loss) per share on the face of the income statement. Basic EPS is computed by dividing net income (loss)
available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS
gives effect to all dilutive potential common shares outstanding during the period including stock options, using the
treasury stock method. In computing diluted EPS, the average stock price for the period is used in determining the number of
shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive
potential common shares if their effect is anti-dilutive.





Property and Equipment, net



Property and equipment consisted of furniture
and fixtures and computer equipment, and are stated at cost. Property and equipment are depreciated using the straight-line method
over the estimated service lives of three years. Maintenance and repairs are expensed as incurred and improvements are capitalized.
Gains or losses on the disposition of property equipment are recorded upon disposal. All property equipment were purchased by one
of the Company’s officers and shareholder and were recorded as additional capital contribution in the accompanying balance
sheet. Depreciation expense amounted to $21,482 for each of the years ended December 31, 2013 and 2012.



9







2. SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES (continued)



Intangible Assets



Acquired intangible assets are amortized
over their useful lives unless the lives are determined to be indefinite. Acquired intangible assets are carried at cost, less
accumulated amortization. Amortization of finite-lived intangible assets is computed over the useful lives of the respective assets.
The Company amortizes intangible assets over ten years. Amortization expense amounted to $23,074 and $20,532 for the years ended
December 31, 2013 and 2012, respectively.



Impairment of Long-Lived Assets



Long-lived assets are reviewed for impairment
whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability
of assets to be held and used is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash
flows expected to be generated by the asset.



If the carrying amount of an asset exceeds
its undiscounted estimated future cash flows, an impairment review is performed. An impairment charge is recognized in the amount
by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of would be separately presented
in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated.
The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset
and liability sections of the balance sheet. For the years ended December 31, 2013 and 2012, there were no impairment charges.



Recent Accounting Pronouncements



Adopted



Effective January 2013, we adopted FASB
ASU No. 2011-11, Balance Sheet (Topic 210):  Disclosures about Offsetting Assets and Liabilities (ASU 2011-11).  The
amendments in ASU 2011-11 require the disclosure of information on offsetting and related arrangements for financial and derivative
instruments to enable users of its financial statements to understand the effect of those arrangements on its financial position.  Amendments
under ASU 2011-11 will be applied retrospectively for fiscal years, and interim periods within those years, beginning after January
1, 2013.  The adoption of this update did not have a material impact on the consolidated financial statements.



Effective January 2013, we adopted FASB
ASU No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive (ASU 2013-02).  This guidance
is the culmination of the FASB’s deliberation on reporting reclassification adjustments from accumulated other comprehensive
income (AOCI).  The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other
comprehensive income.  However, the amendments require disclosure of amounts reclassified out of AOCI in its entirety,
by component, on the face of the statement of operations or in the notes thereto.  Amounts that are not required to be
reclassified in their entirety to net income must be cross-referenced to other disclosures that provide additional detail.  This
standard is effective prospectively for annual and interim reporting periods beginning after December 15, 2012.  The
adoption of this update did not have a material impact on the consolidated financial statements.



Not Adopted



In February 2013, the FASB issued
ASU No. 2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total
Amount of the Obligation Is Fixed at the Reporting Date. The amendments in ASU 2013-04 provide guidance for the recognition, measurement,
and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation
within the scope of this Update is fixed at the reporting date, except for obligations addressed within existing guidance in U.S.
GAAP. The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay
on the basis of its arrangement
among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The guidance
in this Update also requires an entity to disclose the nature and amount of the obligation as well as other information about those
obligations. The amendment in this standard is effective retrospectively for fiscal years, and interim periods within those
years, beginning after December 15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-04 will have on our consolidated
financial statements.



10







2.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Recent Accounting Pronouncements (continued)



Not Adopted (continued)



In April 2013, the FASB issued
ASU No. 2013-07, Presentation of Financial Statements (Top 205): Liquidation Basis of Accounting. The objective of ASU No. 2013-07
is to clarify when an entity should apply the liquidation basis of accounting and to provide principles for the measurement of
assets and liabilities under the liquidation basis of accounting, as well as any required disclosures. The amendments in this standard
is effective prospectively for entities that determine liquidation is imminent during annual reporting periods beginning after
December 15, 2013, and interim reporting periods therein. We are evaluating the effect, if any, adoption of ASU No. 2013-07 will
have on our consolidated financial statements.



In July 2013, the FASB issued
ASU No. 2013-11, Income Taxes (Top 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a
Similar Tax Loss, or a Tax Credit Carryforward Exists. The objective of ASU No. 2013-11 is to provide guidance on the financial
statement presentation of an unrecognized tax benefit when a net loss carryforward, similar tax loss, or tax credit carryforward
exists. The amendments in this standard is effective for all entities that have unrecognized tax benefits when a net operating
loss carryforward, a similar tax loss, or a tax credit carryforward exists for fiscal years, and interim periods beginning after
December 15, 2013. We are evaluating the effect, if any, adoption of ASU No. 2013-11 will have on our consolidated financial statements.



Other recent accounting pronouncements
issued by the FASB (including its Emerging Issues Task Force), the American Institute of Certified Public Accountants, and the
United States Securities and Exchange Commission did not or are not believed by management to have a material impact on the Company’s
present or future financial statements.



3. OTHER CURRENT ASSETS



On October 23, 2013 the Company entered
into an office building lease with purchase option, the lease is for the Company’s corporate office in Longwood, Florida.
The Company has the option to purchase the building at the end of the 6 months lease term for a total purchase price of $430,000
less the non-refundable deposit that was paid on the lease initiation. The amount of the deposit and prepaid lease amounted to
$112,000 as of December 31, 2013.



4. PROPERTY & EQUIPMENT



Property and equipment consist of the following
as of December 31, 2013 and 2012:



|                  |  | 2013 |         |   | 2012 |  
|----------------- |  | ---- | ------- | - | ---- | -
|                  |  |      |         |   |      |  
|Computer          |  | $    | 32,035  |   |      | $
|Furniture         |  |      | 54,016  |   |      |  
|                  |  |      | 86,051  |   |      |  
|Less depreciation |  |      | (48,040 | ) |      |  
|                  |  |      |         |   |      |  
|                  |  | $    | 38,011  |   |      | $



11







5. INTANGIBLE ASSETS



Intangible assets consist of the following
as of December 31, 2013 and 2012:



|                  |  | 2013 |         |   | 2012 |  
|----------------- |  | ---- | ------- | - | ---- | -
|                  |  |      |         |   |      |  
|HDR               |  | $    | 146,706 |   |      | $
|SRIO              |  |      | 102,259 |   |      |  
|Software          |  |      | 200,000 |   |      |  
|                  |  |      | 448,965 |   |      |  
|Less amortization |  |      | (55,819 | ) |      |  
|                  |  |      |         |   |      |  
|                  |  | $    | 393,146 |   |      | $



Intangible assets consist of legal and
global patent registration costs related to the Company’s technology HDR (Handheld biometric mobile devices) and SRIO (Biometric
wallet devices).



In April 2013, the Company purchased software
from an unrelated third party for $200,000 in cash. The software purchased is an Android platform application which provides the
capability to make NFC type of payment transactions on Point of Sale terminals.  The Company plans to incorporate this
software into our SRIO product to be sold along with the actual device.



6. ACCOUNTS PAYABLE AND ACCRUED EXPENSES



Accounts payable and accrued expenses consist
of the following as of December 31, 2013 and 2012:





|                                           |  | 2013 |        |  | 2012 |  
|------------------------------------------ |  | ---- | ------ |  | ---- | -
|                                           |  |      |        |  |      |  
|Accounts payable                           |  | $    | 19,638 |  |      | $
|Payroll related liabilities                |  |      | 26,069 |  |      |  
|Other current liabilities                  |  |      | 4,803  |  |      |  
|                                           |  |      |        |  |      |  
|Total Accrued Payable and Accrued Expenses |  | $    | 50,510 |  |      | $
|                                           |  |      |        |  |      |  
|Due to Related Parties                     |  | $    | 16,175 |  |      | $



On January 2, 2013 the Company entered
into a deferred payment agreement with two Company officers, under the terms of the deferred payment agreement the two officers
agreed to defer their monthly compensation payments including expenses for a period of up to six months from the date of the agreement.
As an incentive to the two officers to enter into this agreement, the Company agreed to issue the first officer 100,000 of the
Company’s pre-merger common shares which were issued on June 30, 2013 and recoded as share based compensation, additionally,
the Company granted the second officer the right to convert any and all amounts owed to him under this agreement into the Company’s
common shares at a conversion rate of $0.25 per share. Total amount deferred under this agreement was $296,096 as of June 30, 2013.



On June 30, 2013, the Company entered
into a new agreement with the two officers whereby an amount of $167,640 of the deferred payment liability was converted to Company’s
common stock at a price of $0.25 which resulted in the issuance of 670,562 pre-merger common shares. Additionally, one officer
forgave the remaining portion of his deferred payment of $128,456 which resulted in the Company recording additional paid in capital
for the amount forgiven in the accompanying balance sheet for the year ended December 31, 2013 because this officer was a shareholder.





12







6. ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Continued)



On September 30, 2013, the Company issued
a total of 460,390 common shares to two shareholders to settle approximately $115,000 of accrued liabilities that was owed to these
shareholders.



7. RESEARCH AND DEVELOPMENT



On April 1, 2013, the Company
entered into an engineering contract for the hardware and software development of our next generation HDR device called the HDR+.
 The device is to be used by government and enterprise customers to capture all forms of machine readable data as well as
the facial and fingerprint biometric information of persons. The total development costs for HDR+ will amount to approximately
$430,000. As of December 31, 2013, the Company has paid $44,000 in cash which has been recorded as research and development expense.



8. PROMISSORY NOTES – RELATED
PARTY



Promissory notes – related party
totaled $240,790 and $0 as of December 31, 2013 and 2012, respectively, as described below:



|                                                                                                                                                                                                                                                                                          |  | 2013 |         |  | 2012 |  
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---- | ------- |  | ---- | -
|                                                                                                                                                                                                                                                                                          |  |      |         |  |      |  
|Promissory note issued to a company owned by one of the stockholders in October 2013 with a term of six months and bear interest at the rate of 15%. The proceeds from the note were used to pay the deposit to purchase the Company’s building located in Longwood, Florida (see Note 3) |  | $    | 120,000 |  |      | $
|                                                                                                                                                                                                                                                                                          |  |      |         |  |      |  
|Promissory notes issued to two directors in October 2013, in place of the Company’s expense reimbursement, the notes have a term of six months and bear interest at the rate of 15%.                                                                                                      |  |      | 62,125  |  |      |  
|                                                                                                                                                                                                                                                                                          |  |      |         |  |      |  
|Promissory note issued to a stockholder in November 2013 with a term of six months and bear interest at the rate of 15%.                                                                                                                                                                  |  |      | 20,000  |  |      |  
|                                                                                                                                                                                                                                                                                          |  |      |         |  |      |  
|Promissory note issued to a stockholder in December 2013 with a term of six months and bear interest at the rate of 15%.                                                                                                                                                                  |  |      | 22,500  |  |      |  
|                                                                                                                                                                                                                                                                                          |  |      |         |  |      |  
|                                                                                                                                                                                                                                                                                          |  | $    | 224,625 |  |      | $



13







9. STOCK OPTIONS



There was no unvested compensation as of
December 31, 2013 and 2012. The Company granted 0 and 4,000,000 stock options to Directors during the years ended December 31,
2013 and 2012, respectively. Compensation expense related to stock options granted was insignificant during the year ended December
31, 2012. Stock options exercised were 0 and 4,000,000 (pre-stock split) during the years ended December 31, 2013 and 2012, respectively.



There were no stock options granted during
2013. For the year ended December 31, 2012, the fair value of each option award is estimated on the date of grant using the Black-Scholes
option valuation model that uses the assumptions noted in the following table. Because the Black-Scholes option valuation model
incorporate ranges of assumptions for inputs, those ranges are disclosed. Expected volatilities are based on historical volatilities
of the comparable publicly traded companies. The Company uses historical data to estimate option exercise and employee termination
within the valuation model. The expected term of options granted is derived from estimates and represents the period of time that
options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based
on the U.S. Treasury yield curve in effect at the time of grant.



|                          |  | December
    31, 2012 |     
|------------------------- |  | --------------------- | ----
|Expected Volatility       |  |                       | 75  
|Expected dividends        |  |                       | −%  
|Expected terms (in years) |  |                       | 1   
|Risk-free rate            |  |                       | 0.16
|Forfeiture rate           |  |                       | −%  



A summary of (pre-stock split) option activity
as of December 31, 2012 and changes during the year then ended is presented below:



|                                 |  | Options |            |   | Weighted- Average Exercise Price |   |        | Average Remaining Contractual Life (Years) |  |  | Aggregate Intrinsic Value | 
|-------------------------------- |  | ------- | ---------- | - | -------------------------------- | - | ------ | ------------------------------------------ |  |  | ------------------------- | 
|Outstanding at December 31, 2011 |  |         | -          |   |                                  | $ | -      |                                            |  |  | -                         | 
|Granted                          |  |         | 4,000,000  |   |                                  |   | 0.0002 |                                            |  |  | 1.00                      | 
|Exercised                        |  |         | (4,000,000 | ) |                                  |   | 0.0002 |                                            |  |  | 1.00                      | 
|Forfeited or expired             |  |         | -          |   |                                  |   | -      |                                            |  |  | -                         | 
|                                 |  |         |            |   |                                  |   |        |                                            |  |  |                           | 
|Outstanding at December 31, 2012 |  |         | -          |   |                                  | $ | -      |                                            |  |  | -                         | 
|                                 |  |         |            |   |                                  |   |        |                                            |  |  |                           | 
|Exercisable at December 31, 2012 |  |         | -          |   |                                  | $ | -      |                                            |  |  | -                         | 



There was no stock option activity for
the year ended December 31, 2013.



14







10. INCOME TAXES



Our provisions for income taxes for the
years ended December 31, 2013 and 2012, respectively, were as follows (using our blended effective Federal and State income tax
rate of 35.0%):



|                              |  | 2013 |            |   | 2012 |  
|----------------------------- |  | ---- | ---------- | - | ---- | -
|                              |  |      |            |   |      |  
|Current Tax Provision:        |  |      |            |   |      |  
|Federal and state             |  |      |            |   |      |  
|Taxable income                |  | $    | -          |   |      | $
|Total current tax provision   |  | $    | -          |   |      | $
|                              |  |      |            |   |      |  
|Deferred Tax Provision:       |  |      |            |   |      |  
|Federal and state             |  |      |            |   |      |  
|Net loss carryforwards        |  | $    | (1,491,000 | ) |      | $
|Change in valuation allowance |  |      | 1,491,000  |   |      |  
|Total deferred tax provision  |  | $    | -          |   |      | $



Deferred tax assets at December 31, 2013
and 2012 consisted of the following:



|                                 |  | 2013 |          |   | 2012 |  
|-------------------------------- |  | ---- | -------- | - | ---- | -
|Deferred tax assets:             |  |      |          |   |      |  
|Net operating loss carryforwards |  | $    | 522,000  |   |      | $
|                                 |  |      |          |   |      |  
|Valuation allowance              |  |      | (522,000 | ) |      |  
|                                 |  |      |          |   |      |  
|Net deferred tax assets          |  | $    | -        |   |      | $



Internal Revenue Code Section 382 and similar
California rules place a limitation on the amount of taxable income that can be offset by net operating loss carryforwards (“NOL”)
after a change in control (generally greater than a 50% change in ownership). Transactions such as planned future sales of our
common stock may be included in determining such a change in control. These factors give rise to uncertainty as to whether the
net deferred tax assets are realizable. We have approximately $1,491,000 in NOL at December 31, 2013 that will begin to expire
in 2029 for federal and state purposes and could be limited for use under IRC Section 382. We have recorded a valuation allowance
against the entire net deferred tax asset balance due because we believe there exists a substantial doubt that we will be able
to realize the benefits due to our lack of a history of earnings and due to possible limitations under IRC Section 382. A reconciliation
of the expected tax benefit computed at the U.S. federal and state statutory income tax rates to our tax benefit for the years
ended December 31, 2013 and 2012 is as follows:





15







10. INCOME TAXES (continued)



|                                         |  | Years ended December 31, |         
|---------------------------------------- |  | ------------------------ | --------
|                                         |  | 2013                     |         
|                                         |  |                          |         
|Federal income tax rate at 35%           |  | $                        | (522,000
|State income tax, net of federal benefit |  |                          | -       
|Change in valuation allowance            |  |                          | 522,000 
|                                         |  |                          |         
|Benefit for income taxes                 |  | $                        | -       



We file income tax returns in the U.S.
with varying statutes of limitations. Our policy is to recognize interest expense and penalties related to income tax matters as
a component of our provision for income taxes. There were no accrued interest and penalties associated with uncertain tax positions
as of December 31, 2013 and 2012. We have no unrecognized tax benefits and thus no interest or penalties included in the financial
statements.



11. STOCKHOLDER’S EQUITY



During the year ended December 31, 2012,
the Company issued 9,000,000 shares to three officers and directors related to exercise of their stock options at an exercise price
of $0.0002 per share.



On December 20, 2012, the Company redeemed
an aggregate of 19,500,000 of the outstanding stock at a redemption price of $0.0001 per share for an aggregate redemption price
of $1,950.



On December 21, 2012, the Company issued
1,000,000 shares to an officer of the company at $0.0001.



In April 2013, the Company entered into
various stockholder subscription agreements with 5 private investors in order to provide working capital for the Company. The agreements
stipulate that the shares of common stock will not be issued to the investors until the execution of the reverse merger agreement
and subsequent Initial Public Offering. The Company raised $515,000 in cash from the stockholder subscription agreements for the
purchase of 1,910,000 shares of common stock. These shares were issued during the quarter ended September 30, 2013.



On August 12, 2013, IIM Global acquired
Innovation in Motion Inc., in a stock-for-stock transaction. The purpose of the Acquisition was to facilitate and prepare the Company
for a registration statement and/or public offering of securities. The Acquisition was effected by the Company through the exchange
of each of the outstanding shares and interests of Innovation in Motion for 1.6 shares of common stock of the Company. As a result,
in the Acquisition, 97,970,562 shares and interests of common stock of Innovation in Motion were exchanged for, and converted into,
156,664,943 shares of common stock of the Company.



On September 30, 2013, the Company issued
a total of 460,390 common shares to two shareholders to settle approximately $115,000 of accrued liabilities that was owed to these
shareholders.



16







12. COMMITMENTS AND CONTINGENCIES



Operating Leases



The Company leases its building under a
six months term lease with an option to buy at the end of the term (see Note 3). During the lease term, the Company is required
to make a monthly lease payment of $3,000 per month. Rent expense amounted to $62,084 and $8,680 during the years ended December
31, 2013 and 2012, respectively.



Executive Compensation



On October 1, 2011, an employment agreement
was executed with a Company officer for a base salary of $210,000 per year. The officer is also entitled to an annual bonus which
is based on performance and attaining certain operational milestones.



On June 30, 2013, the Company officer agreed
to forgive his deferred and accrued salary amounted to $128,456 that was entitled to him under the employment agreement for the
period from January to June 2013 (see Note 6) and was subsequently included into additional paid in capital because he was a shareholder.



On July 1, 2013, the Company officer agreed
to adjust his total compensation to $1.00 per year and will not receive no other benefits or other forms of compensation which
shall be paid by the Company.



13. SUBSEQUENT EVENTS



On February 13, 2014 the Company filed
a registration statement on Form S-1 for the offer and sale by certain shareholders of 58,673,987 shares of common stock held by
those shareholders at a price of $0.60. The registration statement is not effective at the time of filling this Report and no sales
can be made there from.





On March 31, 2014 IIM Global was able to raise $600,000.00 in
capital as a six month bridge loan from Penn Investments Inc.





14. EXHIBITS

|     |                                                                                                                                                                       
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                       
|31.1 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act                              
|     |                                                                                                                                                                       
|32.1 | Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. §1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002



17









SIGNATURES



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



|IIM GLOBAL CORPORATION |                                
|---------------------- | -------------------------------
|                       |                                
|                       | By: /s/ David S. Jones         
|                       | President,                     
|                       | Principal executive officer and
|                       | Principal financial officer    
|                       |                                
|Dated: April 14, 2014  |