UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



FORM 10-K





|(Mark one)
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|          
|x         

For the fiscal year ended September
30, 2015

OR

| 
|-
| 
|o

For the transition period from _________________to

|                                  | 
|--------------------------------- | 
|Commission File Number: 000-54492 | 
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IPOWORLD

(Exact name
of registrant as specified in its charter)

_________________

|Nevada                       |                                   | 27-3088652       |                    
|---------------------------- | --------------------------------- | ---------------- | -------------------
|(State or Other Jurisdiction |                                   | (I.R.S. Employer |                    
|                             | of Incorporation or Organization) |                  | Identification No.)
|                             |                                   |                  |                    



|18 Los Monteros, Monarch Beach, CA       |  | 92629      | 
|---------------------------------------- |  | ---------- | 
|(Address of principal executive offices) |  | (Zip Code)
|                                         |  |            | 



(949) 637-3909

(Registrant’s telephone number,
including area code)



Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesoNoþ



Indicate by check mark if the registrant is not required
to file reports pursuant to Section 13 or 15(d) of the Act.

YesoNoþ



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. YesoNoþ



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 (§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). YesþNoo



Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K 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.þ



Indicate
by checkmark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K 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.þ





|Large accelerated filero                      | Accelerated filer      | o                         |  
|--------------------------------------------- | ---------------------- | ------------------------- | -
|                                              | Non-accelerated filero | Smaller Reporting Company | þ
|(Do not check if a smaller reporting company) |                        |                           |  
|                                              |                        |                           |  





Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesoNoþ



The aggregate market value of the Company's common shares
of voting stock held by non-affiliates of the Company as of March 30, 2017, computed by reference to the last sale on August 8,
2016 of $0.10 per-share price quoted on the Pink Sheets was $1,450,000.



There were 27,500,000
shares of Common Stock issued and outstanding as of March 30, 2017.











INDEX



|         | TITLE                                                                                      | PAGE
|-------- | ------------------------------------------------------------------------------------------ | ----
|         |                                                                                            |     
|ITEM 1.  | Business                                                                                   | 5   
|         |                                                                                            |     
|ITEM 2.  | Properties                                                                                 | 19  
|         |                                                                                            |     
|ITEM 3.  | Legal Proceedings                                                                          | 19  
|         |                                                                                            |     
|ITEM 4.  | Submission of Matters to a Vote of Security Holders                                        | 19  
|         |                                                                                            |     
|ITEM 5.  | Market for Common Equity and Related Stockholder Matters                                   | 20  
|         |                                                                                            |     
|ITEM 7.  | Management’s Discussion and Analysis of Financial Condition                                | 21  
|         |                                                                                            |     
|ITEM 8.  | Consolidated Financial Statements and Supplementary Data                                   | 26  
|         |                                                                                            |     
|ITEM 9.  | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure       | 27  
|         |                                                                                            |     
|ITEM 9A. | Controls and Procedures                                                                    | 27  
|         |                                                                                            |     
|ITEM 10. | Directors, Executive Officers and Corporate Governance                                     | 30  
|         |                                                                                            |     
|ITEM 11. | Executive Compensation                                                                     | 34  
|         |                                                                                            |     
|ITEM 12. | Security Ownership of Certain Beneficial Owners Management and Related Stockholder Matters | 35  
|         |                                                                                            |     
|ITEM 13. | Certain Relationships and Related Transactions and Director Independence                   | 37  
|         |                                                                                            |     
|ITEM 14. | Principal Accounting Fees and Services                                                     | 38  
|         |                                                                                            |     
|ITEM 15. | Exhibits, Consolidated Financial Statement Schedules                                       | 39  
|         |                                                                                            |     















2











FORWARD-LOOKING STATEMENTS



This Annual Report on Form 10-K contains
forward-looking statements. When used in this Quarterly Report on Form 10-K, the words "may," "could," "estimate,"
"intend," "continue," "believe," "expect" or "anticipate" and similar expressions
identify forward-looking statements. Although we believe that our plans, intentions, and expectations reflected in any forward-looking
statements are reasonable, these plans, intentions, or expectations may not be achieved. Our actual results, performance, or achievements
could differ materially from those contemplated, expressed, or implied, by the forward-looking statements contained in this Annual
Report on Form 10-K. Important factors that could cause actual results to differ materially from our forward-looking statements
are set forth in this Quarterly Report on Form 10-K. Accordingly, readers are cautioned not to place undue reliance on forward-looking
statements, which speak only as of the dates on which they are made. All forward-looking statements attributable to us or persons
acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth in this Annual Report on
Form 10-K. Except as required by federal securities laws, we are under no obligation to update any forward-looking statement, whether
as a result of new information, future events, or otherwise.



Although we believe that the expectations
reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected
or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking
statements, are subject to change and inherent risks and uncertainties. The factors impacting these risks and uncertainties include,
but are not limited to:



·inability to raise additional financing for working capital;



·inability to build a customer base for our services;







3













·deterioration in general or regional economic, market and political conditions;



·the fact that our accounting policies and methods are fundamental to how we report our financial
condition and results of operations, and they may require management to make estimates about matters that are inherently uncertain;



·adverse state or federal legislation or regulation that increases the costs of compliance,
or adverse findings by a regulator with respect to existing operations;



·changes in U.S. GAAP or in the legal, regulatory and legislative environments in the markets
in which we operate;



·inability to efficiently manage our operations;



·inability to achieve future operating results;



·our ability to recruit and hire key employees;



·the inability of management to effectively implement our strategies and business plans; and



·the other risks and uncertainties detailed in this report.



In this form 10-K references to "IPOWorld",
"the Company", "we", "us", and "our" refer to IPOWorld.





AVAILABLE INFORMATION



We file annual, quarterly and special
reports and other information with the SEC. You can read these SEC filings and reports over the Internet at the SEC's website at
www.sec.gov. You can also obtain copies of the documents at prescribed rates by writing to the Public Reference Section of the
SEC at 100 F Street, NE, Washington, DC 20549 on official business days between the hours of 10:00 am and 3:00 pm. Please call
the SEC at (800) SEC-0330 for further information on the operations of the public reference facilities. We will provide a copy
of our annual report to security holders, including audited consolidated financial statements, at no charge upon receipt to of
a written request to us at IPOWorld, 18 Los Monteros, Monarch Beach, CA 92629.





4









PART I



ITEM 1. BUSINESS



History and Organization



The Company was organized April 26, 2010 (Date
of Inception) under the laws of the State of Nevada, as General Cleaning and Maintenance. On March 15, 2013, the Company filed
a Certificate of Amendment with the Nevada Secretary of State to change its corporate name to: IPOWorld. The original business
of the Company was to provide a wide range of janitorial and cleaning services for clients. IPOWorld incorporated MSPR, a Nevada
corporation, as a wholly-owned subsidiary of IPOWorld on November 24, 2014. As the Company underwent a change of control and management,
it shifted its business to creating a portfolio of real estate properties that service the
cannabis industry. The Company business focus includes consulting, construction, property management and land/equipment leasing
to licensed cannabis production and processing clients.



Our Business



IPOWorld
is focused on creating a portfolio of real estate properties that service the cannabis industry. We are in the business of consulting,
construction, property management and land/equipment leasing to licensed cannabis production and processing clients.We
do not grow, harvest, distribute, market nor sell cannabis. The company acquires and/or leases properly zoned land and related
facilities with the intent to build and/or do leasehold improvements to existing buildings and rent to licensed tenants for their
operations. Lessees pay rent and other management fees for the use of our properties, all in compliance with applicable local and
state laws and regulations.



The cannabis industry is still concentrated
in a few States and lacks recognized regional or national leaders. Those companies that understand the Washington and Colorado
business "landscape" have an opportunity to pursue and develop other markets.



About IPOWorld



IPOWorld is a single-source, integrated
engineering and construction management firm that specializes in build-to-succeed cannabis facilities. We utilize the highest quality
components and newest technologies to virtually meet any licensees requirements. Our independent contract team consists of design
engineers, licensed contractors, steel building manufacturers, specialty licensed subcontractors and outside consultants. IPOWorld
can design, manage and build-out a new or existing building and transform it into a state-of-the-art marijuana growing/processing
operation.



The IPOWorld lease and consult model
also allows clients to avoid having to seek an equity partner for capitalization and funding of their licensed growing operations.
IPOW simply provides state applicant grower/processors with its infrastructure asset in exchange for monthly rental and ongoing
management fees.



5







IPOWorld believes that creating infrastructure
alone does not necessarily insure a financially successful operation. As such, the Company provides licensees with access to professional
consultants that have extensive hands-on experience as actual commercial cannabis growers, processors and dispensary owners. This
access to expert knowledge is an important piece to the potential future success of grower/processor clients.



IPOWorld intends to provide the following
consulting services to its licensee production/processing clients:



·Business Planning

·Preparation of Applications for Licensing

·Define Start-up Costs

·Operational Analysis

·Preparation of Operating Plans for Licensing

·Cultivation/Processing Management Software

·Real Estate or Facility Sourcing

·Cultivation Facility Design and Build Out

·Selection of Necessary Equipment

·Select Contractors

·Supervise Build Out

·Point of Sale Systems

·Regulatory and Licensing

·Compliance and Applications

·Develop Business Growth Strategies

·Business Coaching

·Project Management for Outdoor, Greenhouse
or Indoor Facilities

·Yield Analysis

·Staffing Requirements

·Financial Projections

·Potential Yield Analysis

·Soil or Growing Medium Management

·Environmental Controls

·Define Integrated Pest Management Systems

·Develop Processing Protocols and Train
Employees

·Define Sales and Marketing Strategies

·Develop Branding Program

·Create Public Relations and Social Media
Programs

·Training and Education of Staff

·Set up Tracking Systems

·Define Security Systems

·Set up Accounting System

·Create Employees Handbook





6









Overview of the Market



As of January 2015, four (4) States,
Washington, Colorado, Oregon and Alaska, have legalized the recreational use of marijuana. Additionally, twenty three (23) States
and the District of Columbia have enacted laws legalizing medical use of marijuana (including recreational states), while six more
states are considering similar measures. According to the latest Gallop Poll, for the first time in history, a majority (58%) of
U.S. citizens believe marijuana use for both medical and recreational purposes should be legalized.



At present, there are over one million
registered holders of medical marijuana cards in the United States. The average medical marijuana user spends approximately $2,000
a year.



Funding



With the $200,000 funding we received
on September 30, 2014, we are now in the process of building a cannabis cultivation facility in Olympia, Washington. Construction
of the facility is underway. The cannabis grower/processor has permission from the local and state authorities in the State of
Washington to build up to a 10,000 square foot cannabis cultivation facility. They have applied for a Tier II cannabis license
that requires that their facility be built and then inspected before a final cultivation/processing license is issued. This 10,000
sq. ft. facility is located on a 65 acre parcel of land owned by the Licensee. Once the facility is completed and final inspection
is approved by the State of Washington, we expect our fees to complete the facility and provide consulting will range between $350,000
to $400,000. If this materializes, this will generate for the Company between $150,000 to $200,000 in profit. After the final license
has been issued and we receive our construction/consulting fees, we plan to expand our operations. We have identified a larger
construction site in Elma, Washington to build a state of the art Co-location Facility for additional grower/processors to conduct
their business.



MSPR Subsidary



IPOWorld incorporated MSPR, a Nevada
corporation, as a wholly-owned subsidiary of IPOWorld on November 24, 2014. It is management's intention that the subsidiary act
as a separate entity that provides security and protection services for IPOWorld's and other businesses operations. The subsidiary
will be a distinct company with different financial, investment and operating characteristics so that each company can adopt their
own business strategies and objectives tailored to their respective markets.











7









Competition



Our competitors have substantially greater
financial, technical, and marketing resources than we do and may succeed in developing products that would render our services
obsolete or noncompetitive. In addition, many of these competitors have significantly greater experience than we do in their respective
fields. Our ability to compete successfully will depend on our ability to develop proprietary products that reach the market in
a timely manner and are technologically superior to, and/or are less expensive than, other products/services on the market. Current
competitors or other companies may develop technologies and services that are more effective than ours. Our technologies and services
may be rendered obsolete or uneconomical by technological advances or entirely different approaches developed by one or more of
our competitors. The existing approaches of our competitors or new approaches or technology developed by our competitors may be
more effective than those developed by us.



IPOWorld's Funding Requirements



Future funding could result in potentially
dilutive issuances of equity securities, the incurrence of debt, contingent liabilities and/or amortization expenses related to
goodwill and other intangible assets, which could materially adversely affect the Company's business, results of operations and
financial condition. Any future acquisitions of other businesses, technologies, services or product(s) might require the Company
to obtain additional equity or debt financing, which might not be available on terms favorable to the Company, or at all, and such
financing, if available, might be dilutive.



Patent, Trademark, License and Franchise Restrictions
and Contractual Obligations and Concessions



We do not have any trademarks, patents,
or other intellectual property. We plan to rely on trade secrets, technical know-how, and continuing invention to develop and maintain
our competitive position. We will take security measures to protect our trade secrets, proprietary know-how and technologies, and
confidential data and continue to explore further methods of protection. Our policy is to execute confidentiality agreements with
our employees and consultants upon the commencement of an employment or consulting arrangement with us. These agreements generally
require that all confidential information developed or made known to the individual by us during the course of the individual’s
relationship with us be kept confidential and not disclosed to third parties. These agreements also generally provide that inventions
conceived by the individual in the course of rendering services to us shall be our exclusive property.



Effect of Government Regulation on Business



Marijuana is a Schedule I controlled
substance and is illegal under federal law. Even in those States in which the use of cannabis has been legalized, its use remains
a violation of federal laws.





8









A Schedule I controlled substance is
defined as a substance that has no currently accepted medical use in the United States, a lack of safety for use under medical
supervision and a high potential for abuse. If the federal government decides to enforce the Controlled Substances Act in Colorado
with respect to marijuana, persons that are charged with distributing, possessing with intent to distribute, or growing marijuana
could be subject to fines and terms of imprisonment, the maximum being life imprisonment and a $50 million fine.



As of December 30, 2015, twenty-three
(23) States and the District of Columbia allowed its citizens to use Medical Marijuana. Additionally, voters in the states of Colorado,
Washington, Oregon and Alaska approved ballot measures last November to legalize cannabis for adult use. The state laws are in
conflict with the federal Controlled Substances Act, which makes marijuana use and possession illegal on a national level. The
Obama administration has effectively stated that it is not an efficient use of resources to direct law federal law enforcement
agencies to prosecute those lawfully abiding by state-designated laws allowing the use and distribution of medical marijuana. However,
there is no guarantee that the administration will not change its stated policy regarding the low-priority enforcement of federal
laws. Additionally, any new administration that follows could change this policy and decide to enforce the federal laws strongly.
Any such change in the federal government’s enforcement of current federal laws could cause significant financial damage
to us. While we do not intend to harvest, distribute or sell cannabis, we may be irreparably harmed by a change in enforcement
by the Federal or state governments.



Despite the Obama administration’s
statements, the Department of Justice has stated that it will continue to enforce the Controlled Substance Act with respect to
marijuana in regulated states to prevent:



| | · | the distribution of marijuana to minors;
| | - | ----------------------------------------

| | · | criminal enterprises, gangs and cartels receiving revenue from the sale of marijuana;
| | - | -------------------------------------------------------------------------------------

| | · | the diversion of marijuana from states where it is legal under state law to other states;
| | - | -----------------------------------------------------------------------------------------

| | · | state-authorized marijuana activity from being used as a cover or pretext for the trafficking of
other illegal drugs or other illegal activity;
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------

| | · | violence and the use of firearms in the cultivation and distribution of marijuana;
| | - | ----------------------------------------------------------------------------------

| | · | driving while impaired and the exacerbation of other adverse public health consequences associated
with marijuana use;
| | - | ----------------------------------------------------------------------------------------------------------------------

| | · | the growing of marijuana on public lands; and
| | - | ---------------------------------------------

| | · | marijuana possession or use on federal property.
| | - | ------------------------------------------------



In the future we may be subject to additional
laws, regulations, policies, approvals and the like of federal, state, local, municipal, foreign and other bodies.



Compliance With Environmental Laws



We seek to comply with all applicable statutory
and administrative requirements concerning environmental quality. We are required to comply with environmental compliance and protection.
Expenditures for compliance with environmental laws have not had, and are not expected to have, a material effect on our capital
expenditures, results of operation or competitive position.



9









INTELLECTUAL PROPERTY



The Company plans to rely on a combination
of trademark, copyright, trade secret and patent laws in the United States as well as confidentiality procedures and contractual
provisions to protect our proprietary technology and our brand. The Company plans also to rely on copyright laws to protect our
future computer programs and our proprietary databases.



From time-to-time, IPOWorld may encounter
disputes over rights and obligations concerning intellectual property. Also, the efforts management has taken to protect its proprietary
rights may not be sufficient or effective. Any significant impairment of our intellectual property rights could harm the business,
the brand and reputation, and the ability to compete. Also, protecting IPOWorld's intellectual property rights could be costly
and time consuming.





Employees



The Company currently has one employee
who is also the officer/director of the Company. The Company plans to utilize additional independent contractors on a part-time/as
needed basis.



















10















RISK FACTORS



RISK FACTORS RELATING TO OUR COMPANY



RISK FACTORS RELATING TO OUR FINANCIAL
CONDITION



1.
We have limited historical financial information upon which you may evaluate our performance.



We have a limited history and we are
subject to all risks inherent in a developing business enterprise. Our likelihood of success must be considered in light of the
problems, expenses, difficulties, complications, and delays frequently encountered in connection with developmental stage companies
and the competitive and regulatory environment in which we operate. You should consider, among other factors, our prospects for
success in light of the risks and uncertainties encountered by companies that, like us, are in their early stages of research.
We may not successfully address these risks and uncertainties or successfully implement our operating and acquisition strategies.
If we fail to do so, it could materially harm our business to the point of having to cease operations and could impair the value
of our common stock to the point investors may lose their entire investment. Even if we accomplish these objectives, we may not
generate positive cash flows or profits we anticipate in the future.



2.
As we have never generated any revenues since our inception, there is no assurance that we will be able to continue as a going
concern.



Our financial statements included with
this Annual Report for the year ended September 30, 2015, have been prepared assuming that we will continue as a going concern.
Our auditors have made reference to the substantial doubt as to our ability to continue as a going concern in their audit report
on our audited financial statements for the year ended September 30, 2015. Because the Company has been issued an opinion by its
auditors that substantial doubt exists as to whether the company can continue as a going concern, it may be more difficult for
the company to attract investors. Since our auditor’s have raised a substantial doubt about our ability to continue as a
going concern, this typically results in greater difficulty to obtain loans than businesses that do not have a qualified auditors
opinion. Additionally, any loans we might obtain may be on less advantageous terms. We plan to seek additional funds through private
placements of our common stock. You may be investing in a company that will not have the funds necessary to continue to deploy
its business strategies. If we are not able to achieve revenues or find financing, then we likely will be forced to cease operations
and investors will likely lose their entire investment, investors may lose their entire investment.







11











3. WE MAY NOT BE ABLE TO ATTAIN PROFITABILITY
WITHOUT ADDITIONAL FUNDING, WHICH MAY BE UNAVAILABLE.



We have prepared audited financial statements
for the year ended September 30, 2015, which show we have no cash and cash equivalents. Our ability to continue to operate as a
going concern is fully dependent upon the Company obtaining sufficient financing to continue its development and operational activities.
The ability to achieve profitable operations is in direct correlation to our ability to generate revenues or raise sufficient financing.
It is important to note that even if the appropriate financing is received, there is no guarantee that we will ever be able to
operate profitably or derive any significant revenues from its operation.



4. IF WE ARE NOT ABLE TO COMPETE
EFFECTIVELY AGAINST LARGER COMPETITORS WITH GREATER RESOURCES, OUR PROSPECTS FOR FUTURE SUCCESS WILL BE JEOPARDIZED.



We will face intense competition from
larger and better-established companies that may prevent us from ever becoming a significant company. Management expects the competition
to intensify in the future. Pressures created by our future competitors could negatively impact our business, results of operations
and financial condition.



Many of our potential competitors have
longer operating histories, larger customer bases, and significantly greater financial, marketing, technical and other resources.
In addition, our competitors may acquire or be acquired by, receive investments from or enter into other commercial relationships
with larger, well-established and well-financed competitors. Therefore, some of our competitors with other revenue sources may
be able to devote greater resources to marketing and promotional campaigns, adopt more aggressive pricing policies and devote substantially
more resources to product development. There can be no assurance that we will be able to compete successfully against current and
future competitors.



COMPANY RISK FACTORS



5. THERE MAY BE A POSSIBLE INABILITY
TO FIND SUITABLE EMPLOYEES.



In order to implement our business plan,
management recognizes that additional staff will be required. No assurances can be given that we will be able to find suitable
employees that can support our needs or that these employees can be hired on favorable terms. We do not plan to hire any additional
employees until our cash flows can justify the expense. When we are ready to hire new employees, we will most likely look for people
who have some type of industry experience or a working knowledge of industry, which may be difficult to find.







12











6.
Ourproposed businessis dependent on lawspertaining to thecannabis industry.



Continued
development of the cannabisindustryis dependent upon continued legislativeauthorization ofcannabis at thestatelevel. Anynumberof factors could
slow orhalt progress inthis area. Further, progress,
whileencouraging, isnot assured.
Whiletheremaybeamplepublicsupport for legislativeaction,numerous
factors impactthe legislativeprocess. Anyoneof
thesefactors
could slow or halt
use of cannabis,whichwould negativelyimpactour proposed
business.As ofSeptember 30, 2015,23 States and the DistrictofColumbia allow its citizens
to usemedical cannabis.
Additionally, voters in thestates of Colorado, Washington, Oregon, and Alaska approved
ballotmeasures
last November to legalize cannabis foradult
use. Thestatelawsarein conflict with
thefederal Controlled
Substances Act, which makescannabisuseand
possession illegal on a nationallevel.
TheObamaadministration has
effectivelystated that it is not an
efficient use ofresources todirect law federal
law enforcement agencies
to prosecute thoselawfullyabidingbystate-designatedlaws allowingthe useand distribution ofmedical
cannabis. However, thereis noguaranteethat the administration will not
changeits stated policyregardingthe low-priorityenforcement of federal laws.
Additionally, anynew administration that follows
could changethispolicyand decide to enforcethe federal laws strongly. Anysuchchangein thefederalgovernment’s enforcement
of current federal laws
could cause significantfinancial damageto us and
its shareholders.



7.
CannabisREMAINS ILLEGAL UNDER
FEDERALLAW.



Cannabisis a Schedule I controlled substanceandis illegal
under federal law. Even in thoseStates in which theuse of cannabis
has been legalized,its use remains
aviolation offederal law.
Since federal law criminalizingthe useof cannabis preempts state
laws that legalizeits use, strict enforcement offederallaw regardingcannabiswould likelyresult in our inabilityto proceed with our business plan.



8. Thecannabis industry faces strong
opposition.



It
is believed bymanythat large,well-funded businesses mayhaveastrong economicopposition to
the cannabis industry. Webelievethat
the pharmaceutical industryclearlydoes not want to cede control
of anyproduct that could generate
significant revenue. Forexample, medical cannabiswill
likelyadverselyimpact
theexistingmarket forthecurrent “cannabispill” sold bymainstream pharmaceutical companies.
Further, themedical cannabisindustrycouldfaceamaterial threatfrom
thepharmaceutical industry, should cannabis
displaceother drugs or encroach
upon thepharmaceutical industry’s
products. Thepharmaceutical
industryis well funded with a strongandexperienced lobbythat eclipses thefundingofthe medical cannabismovement.
Anyinroads the pharmaceutical industrycould makein haltingorimpedingthe cannabisindustrycould
havea detrimental impact
on our proposed business.







13











9.
PotentialUSERS OF OURPROPOSED
FACILITIES MAY HAVEDIFFICULTY ACCESSING
THESERVICEOFBANKS, WHICH MAY
MAKEIT DIFFICULT FOR THEMTO OPERATE.



Sincethe useofcannabisis illegal
under federal law,thereisacompelling argument that banks
cannot accept for deposit
funds from businesses involved with
cannabis. Consequently, businesses
involved in thecannabisindustryoften havetrouble findingabank willingto accept
their business. Theinabilityto open
bank accounts maymakeit difficult forour proposed facilityto operate.



10.LAWS AND REGULATIONS AFFECTING
THECANNABIS INDUSTRY ARECONSTANTLY CHANGING, WHICH COULDDETRIMENTALLY
AFFECT OURPROPOSED OPERATIONS.



Local,
state andfederalmedical
cannabislaws and regulations arebroad in scope and subject toevolvinginterpretations,which could requireus to incursubstantial costs associated
with complianceoralter its business plan.Inaddition, violations of these laws,
or allegations of suchviolations, could disruptour business and result
inamaterial adverse effecton its operations. In addition,
it is possible that regulations
maybeenacted in the futurethat will be directlyapplicable
to our proposed business. Wecannot predict the natureofanyfuturelaws,regulations, interpretations
or applications, nor can wedeterminewhat effect additional governmentalregulations or administrative policies
andprocedures,
whenand
if promulgated, could haveon itsbusiness.



11.
Our SOLE officer HAS no experience in operating a RELATED CANNABIS BUSINESS, and HE HAS no experience in evaluating the success
of SUCH A BUSINESS.



Our sole executive officer, has no experience
in operating a cannabis related business. He has no experience in independently developing, manufacturing, marketing, or selling
cannabis related services. Due to his lack of experience, our executive officer may make wrong decisions and choices on behalf
of the Company. Consequently, our Company may suffer irreparable harm due to management's lack of experience in this industry.
As a result, we may have to suspend or cease operations, which will result in the loss of your investment.



12.
We are subject to all governmental rules, laws and regulations relating to the Cannabis industry in the U.S.



Marijuana is a Schedule I controlled
substance and is illegal under federal law. Even in those States in which the use of cannabis has been legalized, its use remains
a violation of federal laws.





14













A Schedule I controlled substance is
defined as a substance that has no currently accepted medical use in the United States, a lack of safety for use under medical
supervision and a high potential for abuse. If the federal government decides to enforce the Controlled Substances Act in Colorado
with respect to marijuana, persons that are charged with distributing, possessing with intent to distribute, or growing marijuana
could be subject to fines and terms of imprisonment, the maximum being life imprisonment and a $50 million fine.



As of September 30, 2015, twenty-three
States and the District of Columbia allowed its citizens to use Medical Marijuana. Additionally, voters in the States of Colorado,
Washington, Oregon and Alaska approved ballot measures in November, 2013 to legalize cannabis for adult use. The state laws are
in conflict with the federal Controlled Substances Act, which makes marijuana use and possession illegal on a national level. Any
change in the federal government’s enforcement of current federal laws could cause significant financial damage to us. While
we do not intend to harvest, distribute or sell cannabis, we may be irreparably harmed by a change in enforcement by the Federal
or state governments.



13.
Our results of operations may be adversely affected by environmental, health and safety laws, regulations and liabilities.



Our properties subject to various federal,
state and local environmental laws and regulations, including those relating to the discharge of materials into the air, water
and ground, the generation, storage, handling, use, transportation and disposal of hazardous materials, and the health and safety
of our employees. We will need to meet a significant number of environmental and other regulations and standards established by
various federal, state and local regulatory agencies.



In addition, some of these laws and
regulations require our contemplated facilities to operate under permits that are subject to renewal or modification. These laws,
regulations and permits can often require expensive pollution control equipment or operational changes to limit actual or potential
impacts to the environment. As these regulations and standards evolve, and if new regulations or standards are implemented, we
may be required to modify our proposed facilities and processes or develop and support new facilities or processes and this will
increase our costs. Any failure to comply, or delays in compliance, with the various existing and evolving industry regulations
and standards could prevent or delay our production of our services. Any inability to address these requirements and any regulatory
changes could have a material adverse effect on our financial condition and operating results.



A violation of these laws and regulations
or permit conditions can result in substantial fines, natural resource damages, criminal sanctions, permit revocations and/or facility
shutdowns.





15













RISK FACTORS RELATING TO OUR COMMON
STOCK AND THIS OFFERING



14.
Future sales of shares by existing Controlling stockholders could cause our stock price to decline. FURTHER, Certain shares of
our common stock are restricted from immediate resale.



If our existing
controlling stockholders sell, or indicate an intention to sell, substantial amounts of our common stock in the public market,
the trading price of our common stock could decline. As of March 30, 2017, we have 27,500,000 common shares issued and outstanding.
There are 5,000,000 registered shares freely tradable, without restriction. If in the future, these shareholders decide to sell
their shares or if it is perceived that they will be sold, to the extent permitted by the Rules 144 and 701 under the Securities
Act, the trading price of our common stock could decline.



We have 22,500,000 restricted shares
issued and outstanding. The restricted shares are restricted in accordance with Rule 144, which states that if unregistered, restricted
securities are to be sold, a minimum of one year must elapse between the later of the date of acquisition of the securities from
the issuer or from an affiliate of the issuer, and any resale of those securities in reliance on Rule 144. The Rule 144 restrictive
legend remains on the stock until the holder of the stock holds the stock for longer than six months (unless an affiliate) and
meets the other requirements of Rule 144 to have the restriction removed. The sale or resale of those shares in the public market,
or the market’s expectation of such sales, may result in an immediate and substantial decline in the market price of our
shares. Such a decline will adversely affect our investors, and make it more difficult for us to raise additional funds through
equity offerings in the future.



16.
We have never declared dividends on our common stock and do not plan to do so in the foreseeable future.



We intend to retain any future earnings
to finance the operation and expansion of its business and do not anticipate paying any cash dividends in the foreseeable future.
As a result, stockholders will need to sell shares of common stock in order to realize a return on their investment, if any. You
should not rely on an investment in our company if you require dividend income. The only possibility of any income to investors
would come from any rise in the market price of your stock, which is uncertain and unpredictable.



A holder of common stock will be entitled
to receive dividends only when, as, and if declared by the Board of Directors out of funds legally available therefore. We have
never issued dividends on our common stock. Our Board of Directors will determine future dividend policy based upon our results
of operations, financial condition, capital requirements, and other circumstances.





16









17. Holders of
our common stock have a risk of potential dilution if we issue additional shares of common stock in the future.



Although our Board of Directors intends
to utilize its reasonable business judgment to fulfill its fiduciary obligations to our then existing stockholders in connection
with any future issuance of our common stock, the future issuance of additional shares of our common stock would cause immediate,
and potentially substantial, dilution to the net tangible book value of those shares of common stock that are issued and outstanding
immediately prior to such transaction. Any future decrease in the net tangible book value of our issued and outstanding shares
could have a material effect on the market value of the shares.



18.
We do not have insurance and, therefore, liability we incur could have substantial impact on our ability to continue as a going
concern.



We have limited capital and, therefore,
we do not currently have a policy of insurance against liabilities arising out of the negligence of our officers and directors
and/or arising from deficiencies in any of our business operations. Even assuming we obtained insurance, there is no assurance
that such insurance coverage would be adequate to satisfy any potential claims made against us, our officers and directors, or
our business operations or assets. Any such liability which might arise could be substantial and would likely exceed our total
assets. However, our Articles of Incorporation and Bylaws provide for indemnification of officers and directors to the fullest
extent permitted under Nevada law. Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted
to directors, officer and controlling persons, it is the opinion of the U. S. Securities and Exchange Commission that such indemnification
is against public policy, as expressed in the Act, and is therefore, unenforceable.



19.
If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results
or prevent fraud and as a result, investors may be misled and lose confidence in our financial reporting and disclosures, and the
price of our common stock may be negatively affected.



The Sarbanes-Oxley Act of 2002 requires
that we report annually on the effectiveness of our internal control over financial reporting. A "significant deficiency"
means a deficiency or a combination of deficiencies, in internal control over financial reporting that is less severe than a material
weakness yet important enough to merit attention by those responsible for oversight of the Company’s financial reporting.
A "material weakness" is a deficiency or a combination of deficiencies in internal control over financial reporting,
such that there is a reasonable possibility that a material misstatement of the annual or interim financial statements will not
be prevented or detected on a timely basis.





17









As of September 30, 2015 management
assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control
over financial reporting. The matters involving internal controls and procedures that our management considered to be material
weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee
due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting
in ineffective oversight in the establishment and monitoring of required internal controls and procedures; and (2) inadequate segregation
of duties consistent with control objectives.



In addition, in connection with our
on-going assessment of the effectiveness of our internal control over financial reporting, we may discover "material weaknesses"
in our internal controls as defined in standards established by the Public Company Accounting Oversight Board, or the PCAOB. A
material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood
that a material misstatement of the annual or interim financial statements will not be prevented or detected.



Failure to provide effective internal
controls may cause investors to lose confidence in our financial reporting and may negatively affect the price of our common stock.
Moreover, effective internal controls are necessary to produce accurate, reliable financial reports and to prevent fraud. If we
have deficiencies in our internal controls over financial reporting, these deficiencies may negatively impact our business and
operations.



20.LOW-PRICED STOCKS MAY AFFECT THE RESELL OF OUR SHARES.



Penny Stock Regulation Broker-dealer
practices in connection with transactions in "Penny Stocks" are regulated by certain penny stock rules adopted by the
Securities and Exchange Commission. Penny stocks generally are equity securities with a price of less than $5.00 (other than securities
registered on certain national securities exchanges or quoted on the NASDAQ system). The penny stock rules require a broker-dealer,
prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document
that provides information about penny stocks and the risk associated with the penny stock market. The broker-dealer must also provide
the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson
in the transaction, and monthly account statements showing the market value of each penny stock held in the customer's account.
In addition, the penny stock rules generally require that prior to a transaction in a penny stock; the broker-dealer must make
a written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement
to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary
market for a stock that becomes subject to the penny stock rules. When the Registration Statement becomes effective and the Company's
securities become registered, the stock will likely have a trading price of less than $5.00 per share and will not be traded on
any exchanges. Therefore, the Company's stock is initially selling at $0.01 per share they will become subject to the penny stock
rules and investors may find it more difficult to sell their securities, should they desire to do so.



18









21. IN THE FUTURE, WE WILL INCUR
INCREMENTAL COSTS AS A RESULT OF OPERATING AS A PUBLIC COMPANY, AND OUR MANAGEMENT WILL BE REQUIRED TO DEVOTE SUBSTANTIAL TIME
TO COMPLIANCE INITIATIVES.



Because we are a fully reporting company
with the SEC, we will incur additional legal, accounting and other expenses. Moreover, the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley
Act"), as well as new rules subsequently implemented by the SEC, have imposed various new requirements on public companies,
including requiring changes in corporate governance practices. Our management will need to devote a substantial amount of time
to these new compliance initiatives. Moreover, these rules and regulations will increase our legal and financial compliance costs
and will make some activities more time-consuming and costly. We expect to incur approximately $20,000 of incremental operating
expenses in 2016.



Item 1B. Unresolved Staff Comments.



Not applicable.



Item 2. Properties.



Properties



Our offices are currently located at 18 Los
Monteros, Monarch Beach, CA 92629. Our telephone number is (949) 637-3909. Management believes that its current facilities are
adequate for its needs through the next twelve months, and that, should it be needed, suitable additional space will be available
to accommodate expansion of the Company's operations on commercially reasonable terms, although there can be no assurance in this
regard.



Item 3. Legal Proceedings.



From time to time, we may become involved
in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent
uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.



We are not presently a party to any
material litigation, nor to the knowledge of management is any litigation threatened against us, which may materially affect us.



Item 4. Submission of Matters to a Vote of Security Holders.



None.







19









PART II



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



(a) Market Information



IPOWorld Common Stock, $0.001 par value,
can be found on the OTC-Bulletin Board under the symbol: IPOW.



There have been limited trades of the
Company’s stock, since it was listed on the OTCBB, there are no assurances that a market will ever develop for the Company's
stock.





|Year ended September
        30, 2014 |  | High |      |  | Low |  
|------------------------------------- |  | ---- | ---- |  | --- | -
|First Quarter                         |  | $    | 0.75 |  |     | $
|Second Quarter                        |  | $    | 0.55 |  |     | $
|Third Quarter                         |  | $    | 1.00 |  |     | $
|Fourth Quarter                        |  | $    | 6.75 |  |     | $
|                                      |  |      |     
|                                      |  |      |      |  |     |  



|Year ended September
        30, 2015 |  | High |      |  | Low |  
|------------------------------------- |  | ---- | ---- |  | --- | -
|First Quarter                         |  | $    | 6.75 |  |     | $
|Second Quarter                        |  | $    | 4.75 |  |     | $
|Third Quarter                         |  | $    | 4.50 |  |     | $
|Fourth Quarter                        |  | $    | 3.00 |  |     | $
|                                      |  |      |     
|                                      |  |      |      |  |     |  



The first trade of the Company’s
stock took place on September 25, 2012. As of the date of this Annual Report, the last trade took place on March 1, 2017 at $0.055.
Our stock is very thinly traded.



(b) Holders of Common Stock



As of September 30, 2015, there were
approximately twenty-nine (29) holders of record of our Common Stock and 27,500,000 shares issued and outstanding.



(c) Dividends



In the future we intend to follow a
policy of retaining earnings, if any, to finance the growth of the business and do not anticipate paying any cash dividends in
the foreseeable future. The declaration and payment of future dividends on the Common Stock will be the sole discretion of the
board of directors and will depend on our profitability and financial condition, capital requirements, statutory and contractual
restrictions, future prospects and other factors deemed relevant.



20









(d) Securities Authorized for Issuance under Equity Compensation
Plans



There are no outstanding grants or rights or any equity compensation
plan in place.





Recent Sales of Unregistered Securities



None.



Issuer Purchases of Equity Securities



We did not repurchase any of our equity
securities during the years ended September 30, 2015 or 2014.





Item 6. Selected Financial Data.



Not applicable.





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



Overview of Current Operations



IPOWorld is a start-up company focused
on creating a portfolio of real estate properties that service the cannabis industry. The
Company business focus includes consulting, construction, property management and land/equipment leasing to licensed cannabis production
and processing clients.We do not grow, harvest, distribute, market nor sell cannabis. The company acquires and/or leases
properly zoned land and related facilities with the intent to build and/or do leasehold improvements to existing buildings and
rent to licensed tenants for their operations. Lessees pay rent and other management fees for the use of our properties, all in
compliance with applicable local and state laws and regulations.



Management does not believe that the
Company will be able to generate any significant profit during the coming year. Management has agreed to keep the Company funded
at its own expense, without seeking reimbursement for expenses paid. The Company's need for capital may change dramatically if
it can generate additional revenues from its operations. In the event the Company requires additional funds, the Company will have
to seek loans or equity placements to cover such cash needs. There are no assurances additional capital will be available to the
Company on acceptable terms.







21











Results of Operations for the year ended September 30,
2015 and September 30, 2014



Since our inception on April 26, 2010
through September 30, 2015, we generated no revenues. We do not anticipate earning any significant revenues in the next 12-18 months.



For the fiscal year ending September
30, 2015, we experienced a net loss of $(142,773) as compared to a net loss of $(100,146) for the same period last year. The net
loss for the year ending September 30, 2015 was attributed to audit fees of $15,250 as compared to audit fees of $9,750 for the
same period last year; general & administrative fees of $55,235 as compared to $16,567 of general and administrative fees for
the same period last year, consulting fees of $22,000 as compared to $20,000 for the same period last year, construction expense
of $45,288 as compared to $52,162 for the same period last year, and interest expense of $5,000 as compared to $1,667 for the same
period last year. We had cash and cash equivalents of $21,848 as of September 30, 2015 as compared to cash and cash equivalents
of $109,621 for the same period last year. As of the fiscal year ended September 30, 2015, we had liabilities of $6,667 as compared
to $201,667 in liabilities for the same period last year. In our September 30, 2015 and 2014 year-end financials, our auditor issued
an opinion that our financial condition raises substantial doubt about the Company's ability to continue as a going concern.



The Company gained/(used) net cash in
operations of $62,227 and $(96,979) during the fiscal year ended September 30, 2015 and 2014, respectively. The Company (used)/generated
cash of $(150,000) and $206,600 from financing activities during the fiscal year ended September 30, 2015 and 2014, respectively.



Revenues



Since our inception on April 26, 2010
through September 30, 2015, we generated no revenues. We do not anticipate earning any significant revenues until such time as
we can establish our business and build a client base. We are presently in the development stage of our business and we can provide
no assurance that we will be successful in executing our business plan.



Going Concern



The financial conditions evidenced by
the accompanying consolidated financial statements raise substantial doubt as to our ability to continue as a going concern. Our
plans include obtaining additional capital through debt or equity financing. The consolidated financial statements do not include
any adjustments that might be necessary if we are unable to continue as a going concern.



Summary of any product research and development that we
will perform for the term of our plan of operation



We do not anticipate performing any
product research and development under our current plan of operation.



22









Expected purchase or sale of property and significant
equipment



We do not anticipate the purchase or
sale of any property or significant equipment; as such items are not required by us at this time.



Significant changes in the number of employees



As of September 30, 2015, we did not
have any employees. We are dependent upon our sole officer and director for our future business development. As our operations
expand we anticipate the need to hire additional employees, consultants and professionals; however, the exact number is not quantifiable
at this time.



Liquidity and Capital Resources



Our balance sheet as of September 30,
2015 and 2014 reflects current assets of $21,848 and $109,621 and current liabilities of $6,667 and $201,667, respectively. Cash
and cash equivalents from inception to date have been sufficient to provide the operating capital necessary to operate to date.
Notwithstanding, we anticipate generating losses and therefore we may be unable to continue operations in the future. If we require
additional capital, we plan to issue debt or equity or enter into a strategic arrangement with a third party. There can be no assurance
that additional capital will be available to us. We currently have no agreements, arrangements or understandings with any person
to obtain funds through bank loans, lines of credit or any other sources.



As a result of the Company's current
limited available cash, no officer or director received cash compensation during the year ended September 30, 2015. The Company
has no employment agreements in place with its officer.



Off-Balance Sheet Arrangements



We do not have any off-balance sheet
arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial
condition, revenues or expenses, results or operations, liquidity, capital expenditures or capital resources that is material to
investors.



Critical Accounting Policies and Estimates



Revenue Recognition: The Company recognizes
revenue on an accrual basis as it invoices for services. Revenue is generally realized or realizable and earned when all of the
following criteria are met: 1) persuasive evidence of an arrangement exists between the Company and our customer(s); 2) services
have been rendered; 3) our price to our customer is fixed or determinable; and 4) collectability is reasonably assured.



23









Recent Pronouncements



With the exception of those discussed
below, there have not been any recent changes in accounting pronouncements and Accounting Standards Update (ASU) issued by the
Financial Accounting Standards Board (FASB) during the year ended September 30, 2015 that are of significance or potential significance
to the Company.



In May 2014, the Financial Accounting
Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts
with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 supersedes the previous revenue recognition requirements,
along with most existing industry-specific guidance. The guidance requires an entity to review contracts in five steps: 1) identify
the contract, 2) identify performance obligations, 3) determine the transaction price, 4) allocate the transaction price, and 5)
recognize revenue. The new standard will result in enhanced disclosures regarding the nature, amount, timing, and uncertainty of
revenue arising from contracts with customers. In August 2015, the FASB issued guidance approving a one-year deferral, making the
standard effective for reporting periods beginning after December 15, 2017, with early adoption permitted only for reporting periods
beginning after December 15, 2016. In March 2016, the FASB issued guidance to clarify the implementation guidance on principal
versus agent considerations for reporting revenue gross rather than net, with the same deferred effective date. In April 2016,
the FASB issued guidance to clarify the identification of performance obligations and licensing arrangements. The Company has not
determined the impact of adopting ASU No. 2014-09 on our financial statements and currently plan to complete our evaluation
by late 2017.



In August 2014, the FASB issued ASU
No. 2014-15, Presentation of Financial Statements, Going Concern (Subtopic 205-40) which requires management to evaluate on a regular
basis whether any conditions or events have arisen that could raise substantial doubt about the entity's ability to continue as
a going concern. The guidance 1) provides a definition for the term “substantial doubt,” 2) requires an evaluation
every reporting period, interim periods included, 3) provides principles for considering the mitigating effect of management's
plans to alleviate the substantial doubt, 4) requires certain disclosures if the substantial doubt is alleviated as a result of
management's plans, 5) requires an express statement, as well as other disclosures, if the substantial doubt is not alleviated,
and 6) requires an assessment period of one year from the date the financial statements are issued. The standard is effective for
the annual reporting period beginning after December 31, 2016. Early adoption is permitted. The Company is currently evaluating
the impact, if any, that this new accounting pronouncement will have on its consolidated financial statements.



In November 2015, the FASB issued ASU
No. 2015-17, Income Taxes, or ASU No. 2015-17. To simplify the presentation of deferred income taxes, the amendments in this update
require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The
amendments in this Update apply to all entities that present a classified statement of financial position. The current requirement
that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not
affected by the amendments in this Update. The amendments in this Update are effective for financial statements issued for annual
periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted. The
amendments in this Update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to
all periods presented. The Company is currently evaluating the impact of adopting ASU No. 2015-17 on its consolidated financial
statements.

24









In February 2016, the FASB issued ASU
No. 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations by recognizing lease assets and
lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Topic 842 affects any entity
that enters into a lease, with some specified scope exemptions. The guidance in this Update supersedes Topic 840, Leases. The core
principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. A lessee should recognize
in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing
its right to use the underlying asset for the lease term. For public companies, the amendments in this Update are effective for
fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating
the impact of adopting ASU No. 2016-02 on its consolidated financial statements.



In March 2016, the FASB issued ASU 2016-08,
Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) that
clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent. ASU 2016-08 clarifies
that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer
and provides additional guidance about how to apply the control principle when services are provided and when goods or services
are combined with other goods or services. The effective date for ASU 2016-08 is the same as the effective date of ASU 2014-09
as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those
years. The Company has not yet determined the impact of ASU 2016-08 on its consolidated financial statements.



In March 2016, the FASB issued ASU No.
2016-09, Compensation – Stock Compensation, or ASU No. 2016-09. The areas for simplification in this Update involve several
aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards
as either equity or liabilities, and classification on the statement of cash flows. For public entities, the amendments in this
Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early
adoption is permitted in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments
should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption
must adopt all of the amendments in the same period. Amendments related to the timing of when excess tax benefits are recognized,
minimum statutory withholding requirements, forfeitures, and intrinsic value should be applied using a modified retrospective transition
method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted.
Amendments related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares
to meet the minimum statutory withholding requirement should be applied retrospectively. Amendments requiring recognition of excess
tax benefits and tax deficiencies in the income statement and the practical expedient for estimating expected term should be applied
prospectively. An entity may elect to apply the amendments related to the presentation of excess tax benefits on the statement
of cash flows using either a prospective transition method or a retrospective transition method. The Company is currently evaluating
the impact of adopting ASU No. 2016-09 on its consolidated financial statements.



25









In April 2016, the FASB issued ASU 2016-10,
Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides further guidance
on identifying performance obligations and improves the operability and understandability of licensing implementation guidance.
The effective date for ASU 2016-10 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting
periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the
impact of ASU 2016-10 on its consolidated financial statements.





Item 7A. Quantitative and Qualitative Disclosures about Market
Risk.



Not applicable.





Item 8. Consolidated Financial Statements and Supplementary
Data.



Index to Consolidated Financial Statements



Financial Statements



|                                                        | Page
|------------------------------------------------------- | ----
|Report of Independent Registered Public Accounting Firm | F-1 
|Consolidated Balance Sheets                             | F-2 
|Consolidated Statements of Operations                   | F-3 
|Consolidated Statement of Stockholders' Deficit/Equity  | F-4 
|Consolidated Statements of Cash Flows                   | F-5 
|Notes to Consolidated Financial Statements              | F-6 



| |  |  | 
| |  |  | 

26











ANTON & CHIA

CERTIFIED PUBLIC ACCOUNTANTS





REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM





To
the Board of Directors and Stockholders



IPOWorld



We
have audited the accompanying consolidated balance sheets of IPOWorld (the "Company”) as of September 30,
2015 and 2014, and the related consolidated statement of operations, changes in stockholders’ deficit/equity and cash flow
for the years ended September 30, 2015 and 2014. These consolidated financial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated financial statements based on our audits.



We
conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material
misstatement. The Company was not required to have, nor were we engaged to perform, an audit of its internal control over financial
reporting. Our audits 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 includes examining, on a test basis,
evidence supporting the amounts and disclosures in the consolidated financial statements. An audit also includes 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 consolidated
financial position of the Company as of September 30, 2015 and 2014, and the results of its consolidated operations, changes in
stockholders’ deficit/equity and its cash flow for the years ended September 30, 2015 and 2014, in conformity with accounting
principles generally accepted in the United States of America.



The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As
discussed in Note 2 to the consolidated financial statements, these conditions raise substantial doubt about its ability to continue
as a going concern. Management's plans in regard to these matters are also described in Note 2. The consolidated financial statements
do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification
of liabilities that might result should the Company be unable to continue as a going concern.





|/s/ Anton & Chia, LLP                                    
|---------------------------------------------------------
|                                                         
|Newport Beach, California
        
        March 30, 2017











F-1









IPOWorld

(Formerly General Cleaning and Maintenance)

Consolidated Balance Sheets







|                                                      |                                                      |                                                         |                     | September 30, 2015 |                    | September 30, 2014
|----------------------------------------------------- | ---------------------------------------------------- | ------------------------------------------------------- | ------------------- | ------------------ | ------------------ | ------------------
|                                                      |                                                      | ASSETS                                                  |                     |                    |                    |                   
|Current assets:                                       |                                                      |                                                         |                     |                   
|                                                      | Cash                                                 |                                                         | $            21,848 |                    | $          109,621
|                                                      |                                                      | Total current assets                                    |                     | 21,848             |                    | 109,621           
|                                                      |                                                      |                                                         |                     |                    |                    |                   
|TOTAL ASSETS                                          |                                                      | $            21,848                                     |                     | $          109,621
|                                                      |                                                      |                                                         |                     |                    |                    |                   
|                                                      |                                                      | LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)          |                     |                    |                    |                   
|                                                      |                                                      |                                                         |                     |                    |                    |                   
|                                                      | Notes payable                                        |                                                         | -                   |                    | 200,000           
|                                                      | Interest payable                                     |                                                         | 6,667               |                    | 1,667             
|                                                      |                                                      | Total current liabilities                               |                     | 6,667              |                    | 201,667           
|                                                      |                                                      |                                                         |                     |                    |                    |                   
|Stockholders' equity (deficit):                       |                                                      |                                                         |                     |                   
|                                                      | Preferred stock, $0.001 par value, 15,000,000 shares |                                                         | -                   |                    | -                 
|                                                      |                                                      | authorized, no shares issued and outstanding            |                     |                    |                    |                   
|                                                      |                                                      | as of 9/30/2015 and 9/30/2014, respectively             |                     |                    |                    |                   
|                                                      | Common stock, $0.001 par value, 185,000,000 shares   |                                                         | 27,500              |                    | 25,000            
|                                                      |                                                      | authorized, 27,500,000 and 25,000,000 shares issued and |                     |                    |                    |                   
|                                                      |                                                      | outstanding as of 9/30/2015 and 9/30/2014, respectively |                     |                    |                    |                   
|                                                      | Additional paid-in capital                           |                                                         | 275,175             |                    | 27,675            
|                                                      | Accumulated deficit                                  |                                                         | (287,494)           |                    | (144,721)         
|                                                      |                                                      | Total stockholders' equity (deficit)                    |                     | 15,180             |                    | (92,046)          
|TOTAL LIABILITIES AND STOCKHOLDERS'  EQUITY (DEFICIT) |                                                      | $            21,848                                     |                     | $          109,621













See accompanying notes to these consolidated
financial statements.



F-2







IPOWorld

(Formerly General Cleaning and Maintenance)

Consolidated Statements of Operations







|                                       |                                       |                 |            | For the year ended September 30, 2015 |            | For the year ended September 30, 2014
|-------------------------------------- | ------------------------------------- | --------------- | ---------- | ------------------------------------- | ---------- | -------------------------------------
|Revenue                                |                                       | $             - |            | $             -                      
|                                       |                                       |                 |            |                                       |            |                                      
|Expenses:                              |                                       |                 |            |                                      
|                                       | Audit                                 |                 | 15,250     |                                       | 9,750     
|                                       | General & administrative              |                 | 55,235     |                                       | 16,567    
|                                       | Consulting-related party              |                 | 22,000     |                                       | 20,000    
|                                       | Construction expense                  |                 | 45,288     |                                       | 52,162    
|                                       |                                       | Total expenses  |            | 137,773                               |            | 98,479                               
|                                       |                                       |                 |            |                                       |            |                                      
|Net operating loss                     |                                       | (137,773)       |            | (98,479)                             
|                                       |                                       |                 |            |                                       |            |                                      
|Other expense                          |                                       |                 |            |                                      
|                                       | Interest expense                      |                 | (5,000)    |                                       | (1,667)   
|                                       | Total other expense                   |                 | (5,000)    |                                       | (1,667)   
|                                       |                                       |                 |            |                                       |            |                                      
|Net loss                               |                                       | $(142,773)      |            | $   (100,146)                        
|                                       |                                       |                 |            |                                       |            |                                      
|Weighted average number of common      |                                       |                 |            |                                      
|                                       | shares outstanding- basic and diluted |                 | 27,198,630 |                                       | 25,000,000
|                                       |                                       |                 |            |                                       |            |                                      
|Net loss per share – basic and diluted |                                       | $       (0.01)  |            | $       (0.00)                       



























See accompanying notes to these consolidated
financial statements.



F-3







IPOWorld

(formerly General Cleaning and Maintenance)

Consolidated Statement of Stockholders’
Equity







|                                                        |  |                 |  |              |  |                    |  |             |  |               |  |            |  | Total    
|------------------------------------------------------- |  | --------------- |  | ------------ |  | ------------------ |  | ----------- |  | ------------- |  | ---------- |  | ---------
|                                                        |  | Preferred Stock |  | Common Stock |  | Additional Paid-In |  | Accumulated |  | Stockholders'
|                                                        |  | Shares          |  | Amount       |  | Shares             |  | Amount      |  | Capital       |  | Deficit    |  | Equity   
|Balance, September 30, 2013                             |  | -               |  | -            |  | 25,000,000         |  | 25,000      |  | 21,075        |  | (44,575)   |  | 1,500    
|                                                        |  |                 |  |              |  |                    |  |             |  |               |  |            |  |          
|Contributed capital (cash)                              |  | -               |  | -            |  | -                  |  | -           |  | 6,600         |  | -          |  | 6,600    
|                                                        |  |                 |  |              |  |                    |  |             |  |               |  |            |  |          
|Net loss                                                |  | -               |  | -            |  | -                  |  | -           |  | -             |  | (100,146)  |  | (100,146)
|                                                        |  |                 |  |              |  |                    |  |             |  |               |  |            |  |          
|Balance, September 30, 2014                             |  | -               |  | -            |  | 25,000,000         |  | 25,000      |  | 27,675        |  | (144,721)  |  | (92,046) 
|                                                        |  |                 |  |              |  |                    |  |             |  |               |  |            |  |          
|Contributed capital                                     |  | -               |  | -            |  | -                  |  | -           |  | 50,000        |  | -          |  | 50,000   
|                                                        |  |                 |  |              |  |                    |  |             |  |               |  |            |  |          
|November 14, 2014, Shares issued for conversion of debt |  | -               |  | -            |  | 2,500,000          |  | 2,500       |  | 197,500       |  | -          |  | 200,000  
|                                                        |  |                 |  |              |  |                    |  |             |  |               |  |            |  |          
|Net loss                                                |  | -               |  | -            |  | -                  |  | -           |  | -             |  | (142,773)  |  | (142,773)
|                                                        |  |                 |  |              |  |                    |  |             |  |               |  |            |  |          
|Balance, September 30, 2015                             |  | -               |  | $       -    |  | 27,500,000         |  | $27,500     |  | $275,175      |  | $(287,494) |  | $15,180  











See accompanying notes to these consolidated
financial statements.



F-4









IPOWorld

(Formerly General Cleaning and Maintenance)

Consolidated Statements of Cash Flows





|                                                                            |                              |       | For the year ended September 30, 2015 |       | For the year ended  September 30, 2014 | 
|--------------------------------------------------------------------------- | ---------------------------- | ----- | ------------------------------------- | ----- | -------------------------------------- | 
|OPERATING ACTIVITIES                                                        |                              |       |                                       |      
|Net loss                                                                    | $         (142,773)          |       | $          (100,146)                  |      
|Adjustments to reconcile net loss to net cash used by operating activities: |                              |       |                                       |      
|Changes in operating assets and liabilities:                                | -                            |       | -                                     |      
|                                                                            | Increase in interest payable | 5,000 |                                       | 1,667 |                                       
|                                                                            | Decrease in prepaid expense  | -     |                                       | 1,500 |                                       
|Net cash used in operating activities                                       | (137,773)                    |       | (96,979)                              |      
|                                                                            |                              |       |                                       |       |                                        | 
|FINANCING ACTIVITIES                                                        |                              |       |                                       |      
|Proceeds from notes payable                                                 | -                            |       | 200,000                               |      
|Proceeds from line of credit                                                | 50,000                       |       | 6,600                                 |      
|Net cash provided by financing activities                                   | 50,000                       |       | 206,600                               |      
|                                                                            |                              |       |                                       |       |                                        | 
|NET (DECREASE) INCREASE IN CASH                                             | (87,773)                     |       | 109,621                               |      
|CASH - BEGINNING OF THE YEAR                                                | 109,621                      |       | -                                     |      
|CASH - END OF THE YEAR                                                      | $              21,848        |       | $            109,621                  |      
|                                                                            |                              |       |                                       |       |                                        | 
|SUPPLEMENTAL DISCLOSURES:                                                   |                              |       |                                       |      
|Interest paid                                                               | $                       -    |       | $                        -            |      
|Income taxes paid                                                           | $                       -    |       | $                        -            |      
|                                                                            |                              |       |                                       |      
|Non cash investing and financing activities:                                |                              |       |                                       |      
|Services provided by majority shareholder                                   | $              40,000        |       | $                        -            |      
|Shares issued in settlement of debt                                         | $            200,000         |       | $                        -            |      







See accompanying notes to these consolidated
financial statements.



F-5







IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015





NOTE 1. - BUSINESS



IPO World, (The “Company”)
was organized on April 26, 2010 (Date of Inception) under the laws of the State of Nevada, as General Cleaning and Maintenance.
On March 15, 2013, the Company filed a Certificate of Amendment with the Nevada Secretary of State to change its corporate name
to: IPOWorld. The original business of the Company was to provide a wide range of janitorial and cleaning services for clients.



IPOWorld
is focused on creating a portfolio of real estate properties that service the cannabis industry. The Companydoes not grow,
harvest, distribute, market nor sell cannabis. The company may acquire and/or leases properly zoned land and related facilities
with the intent to build and/or do leasehold improvements to existing buildings and rent to licensed tenants for their operations,
all in compliance with applicable local and state laws and regulations.



The cannabis industry is still concentrated
in a few States and lacks recognized regional or national leaders.

The Company intends to limit our business to
states (e.g., Washington, Colorado and Oregon) that have approved cannabis use based on the type of usage permitted. There are
some states in which the Company cannot market its services due to local state restrictions. The Company intends to market its
services in states that have regulatory systems in place to license cannabis production and
processing. Of these states, the Company currently considers Washington and Colorado to be its primary target market. Both
Washington and Colorado have legalized the recreational use of cannabis. Once the Company is able to establish its operations in
Washington and Colorado, it may seek business opportunities in other states that have approved cannabis such as Oregon.



IPOWorld incorporated MSPR, a Nevada
corporation, as a wholly-owned subsidiary of IPOWorld on November 24, 2014. It is management's intention that the subsidiary act
as a separate entity that will provide security and protection services for IPOWorld's and other businesses operations. The subsidiary,
MPSR, will be a distinct company with different financial, investment and operating objectives, so that it can adopt its own business
strategies and objectives tailored to its respective markets. MSPR has not yet commenced operations.











F-6









IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015







NOTE 2. - GOING CONCERN



These consolidated financial statements
have been prepared in accordance with generally accepted accounting principles applicable to a going concern which contemplates
the realization of assets and the satisfaction of liabilities and commitments in the normal course of business. The Company has
an accumulated deficit since inception of $287,494 and has incurred losses in the years ended September 30, 2015 and September
30, 2014. The Company has not generated any revenues to date, and its ability to continue as a going concern is contingent upon
the successful completion of additional financing arrangements and its ability to achieve and maintain profitable operations. Management
plans to raise equity capital to finance the operating and capital requirements of the Company. Amounts raised will be used for
further development of the Company's products, to provide financing for marketing and promotion and for other working capital purposes.
While the Company is putting forth its best efforts to achieve the above plans, there is no assurance that any such activity will
generate funds that will be available for operations.



These conditions raise substantial doubt
about the Company's ability to continue as a going concern. These consolidated financial statements do not include any adjustments
relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that
might result from this uncertainty.





NOTE 3. - SIGNIFICANT ACCOUNTING POLICIES



The relevant accounting policies are
listed below. There have been no significant changes in the Company's significant accounting policies during the year ended September 30,
2015 compared to what was previously disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended September
30, 2014.



Basis of Presentation



The accompanying consolidated financial
statements have been prepared in accordance with generally accepted accounting principles (“GAAP”) as promulgated in
the United States of America. The Company's fiscal year-end is September 30th.



Principles of Consolidation



The consolidated financial statements
include the accounts and operations of IPOWorld and its wholly owned subsidiary, MSPR Corp. All intercompany transactions and balances
have been eliminated in consolidation. For the year ended September 30, 2015, MSPR Corp. had no operations to report.







F-7







IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015



Cash and Cash Equivalents



The Company considers all short-term
investments with a maturity of three months or less at the date of purchase to be cash and cash equivalents. The Company had no
cash equivalents as of September 30, 2015 and 2014.



Use of Estimates



In preparing consolidated financial
statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions
that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date
of the financial statements and revenues and expenses during the reported period. Actual results could differ from those estimates.
Management makes estimates that affect certain accounts including, deferred income tax assets, estimated useful lives of property
and equipment, accrued expenses, fair value of equity instruments and reserves for any other commitments or contingencies. Any
adjustments applied to estimates are recognized in the year in which such adjustments are determined.



Earnings (Loss) Per Share Calculations



The Company follows ASC Topic 260 to
account for the earnings (loss) per share. Basic earnings (loss) per common share (“EPS”) calculations are determined
by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per
common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common
share equivalents outstanding. During periods when common stock equivalents, if any, are anti-dilutive they are not considered
in the computation.



Fair value of financial instruments



Fair value estimates discussed herein
are based upon certain market assumptions and pertinent information available to management as of September 30, 2015 and September
30 2014. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These
financial instruments include cash equivalents, accrued expenses and accounts payable. Fair values were assumed to approximate
carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values
or they are payable on demand.



Level 1: The preferred inputs to valuation
efforts are “quoted prices in active markets for identical assets or liabilities,” with the caveat that the reporting
entity must have access to that market. Information at this level is based on direct observations of transactions involving the
same assets and liabilities, not assumptions, and thus offers superior reliability. However, relatively few items, especially physical
assets, actually trade in active markets.



Level 2: FASB acknowledged that active
markets for identical assets and liabilities are relatively uncommon and, even when they do exist, they may be too thin to provide
reliable information. To deal with this shortage of direct data, the board provided a second level of inputs that can be applied
in three situations.





F-8









IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015





Level 3: If inputs from levels 1 and
2 are not available, FASB acknowledges that fair value measures of many assets and liabilities are less precise. The board describes
Level 3 inputs as “unobservable,” and limits their use by saying they “shall be used to measure fair value to
the extent that observable inputs are not available.” This category allows “for situations in which there is little,
if any, market activity for the asset or liability at the measurement date”. Earlier in the standard, FASB explains that
“observable inputs” are gathered from sources other than the reporting company and that they are expected to reflect
assumptions made by market participants.



The Company did not have any assets
or liabilities measured at fair value on a recurring basis at September 30, 2015 or September 30, 2014.





Income Taxes



The provision for income taxes is the
total of the current taxes payable and the net of the change in the deferred income taxes. Provision is made for the deferred income
taxes where differences exist between the period in which transactions affect current taxable income and the period in which they
enter into the determination of net income in the financial statements. A valuation allowance is recorded when it is more likely
than not that some of the deferred tax assets will not be realized. In determining the need for valuation allowances, we consider
projected future taxable income and the availability of tax planning strategies.  After evaluating all positive and negative
historical and perspective evidences, management has determined it is more likely than not that our deferred tax assets will not
be realized.



The Company has recorded a full valuation
allowance against its otherwise recognizable deferred tax assets as of September 30, 2015.  As such, the Company has not recorded
a provision for income tax for the period ended September 30, 2015.



Comprehensive Income (Loss)



The Company is required to display comprehensive income (loss)
and its components as part of the Company’s consolidated financial statements. For the years ended September 30, 2015 and
2014, the Company had no elements of comprehensive income (loss).











F-9





















IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015





Recent Accounting Pronouncements



With the exception of those discussed
below, there have not been any recent changes in accounting pronouncements and Accounting Standards Update (ASU) issued by the
Financial Accounting Standards Board (FASB) during the year ended September 30, 2015 that are of significance or potential significance
to the Company.



In May 2014, the Financial Accounting
Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts
with Customers (Topic 606) (“ASU No. 2014-09”). ASU No. 2014-09 supersedes the previous revenue recognition requirements,
along with most existing industry-specific guidance. The guidance requires an entity to review contracts in five steps: 1) identify
the contract, 2) identify performance obligations, 3) determine the transaction price, 4) allocate the transaction price, and 5)
recognize revenue. The new standard will result in enhanced disclosures regarding the nature, amount, timing, and uncertainty of
revenue arising from contracts with customers. In August 2015, the FASB issued guidance approving a one-year deferral, making the
standard effective for reporting periods beginning after December 15, 2017, with early adoption permitted only for reporting periods
beginning after December 15, 2016. In March 2016, the FASB issued guidance to clarify the implementation guidance on principal
versus agent considerations for reporting revenue gross rather than net, with the same deferred effective date. In April 2016,
the FASB issued guidance to clarify the identification of performance obligations and licensing arrangements. The Company has not
determined the impact of adopting ASU No. 2014-09 on our consolidated financial statements and currently plan to complete
our evaluation by late 2017.



In August 2014, the FASB issued ASU
No. 2014-15, Presentation of Financial Statements, Going Concern (Subtopic 205-40) which requires management to evaluate on a regular
basis whether any conditions or events have arisen that could raise substantial doubt about the entity's ability to continue as
a going concern. The guidance 1) provides a definition for the term “substantial doubt,” 2) requires an evaluation
every reporting period, interim periods included, 3) provides principles for considering the mitigating effect of management's
plans to alleviate the substantial doubt, 4) requires certain disclosures if the substantial doubt is alleviated as a result of
management's plans, 5) requires an express statement, as well as other disclosures, if the substantial doubt is not alleviated,
and 6) requires an assessment period of one year from the date the financial statements are issued. The standard is effective for
the annual reporting period beginning after December 31, 2016. Early adoption is permitted. The Company is currently evaluating
the impact, if any, that this new accounting pronouncement will have on its consolidated financial statements.



In November 2015, the FASB issued ASU
No. 2015-17, Income Taxes, or ASU No. 2015-17. To simplify the presentation of deferred income taxes, the amendments in this update
require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The
amendments in this Update apply to all entities that present a classified statement of financial position. The current requirement
that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not
affected by the amendments in this Update. The amendments in this Update are effective for financial statements issued for annual
periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted. The
amendments in this Update may be applied either prospectively to all deferred tax liabilities and assets or retrospectively to
all periods presented. The Company is currently evaluating the impact of adopting ASU No. 2015-17 on its consolidated financial
statements.



F-10











IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015





In February 2016, the FASB issued ASU
No. 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations by recognizing lease assets and
lease liabilities on the balance sheet and disclosing key information about leasing arrangements. Topic 842 affects any entity
that enters into a lease, with some specified scope exemptions. The guidance in this Update supersedes Topic 840, Leases. The core
principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. A lessee should recognize
in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use asset representing
its right to use the underlying asset for the lease term. For public companies, the amendments in this Update are effective for
fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. The Company is currently evaluating
the impact of adopting ASU No. 2016-02 on its consolidated financial statements.



In March 2016, the FASB issued ASU 2016-08,
Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) that
clarifies how to apply revenue recognition guidance related to whether an entity is a principal or an agent. ASU 2016-08 clarifies
that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer
and provides additional guidance about how to apply the control principle when services are provided and when goods or services
are combined with other goods or services. The effective date for ASU 2016-08 is the same as the effective date of ASU 2014-09
as amended by ASU 2015-14, for annual reporting periods beginning after December 15, 2017, including interim periods within those
years. The Company has not yet determined the impact of ASU 2016-08 on its consolidated financial statements.



In March 2016, the FASB issued ASU No.
2016-09, Compensation – Stock Compensation, or ASU No. 2016-09. The areas for simplification in this Update involve several
aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards
as either equity or liabilities, and classification on the statement of cash flows. For public entities, the amendments in this
Update are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early
adoption is permitted in any interim or annual period. If an entity early adopts the amendments in an interim period, any adjustments
should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption
must adopt all of the amendments in the same period. Amendments related to the timing of when excess tax benefits are recognized,
minimum statutory withholding requirements, forfeitures, and intrinsic value should be applied using a modified retrospective transition
method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted.
Amendments related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares
to meet the minimum statutory withholding requirement should be applied retrospectively. Amendments requiring recognition of excess
tax benefits and tax deficiencies in the income statement and the practical expedient for estimating expected term should be applied
prospectively. An entity may elect to apply the amendments related to the presentation of excess tax benefits on the statement
of cash flows using either a prospective transition method or a retrospective transition method. The Company is currently evaluating
the impact of adopting ASU No. 2016-09 on its consolidated financial statements.



F-11









IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015





In April 2016, the FASB issued ASU 2016-10,
Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing, which provides further guidance
on identifying performance obligations and improves the operability and understandability of licensing implementation guidance.
The effective date for ASU 2016-10 is the same as the effective date of ASU 2014-09 as amended by ASU 2015-14, for annual reporting
periods beginning after December 15, 2017, including interim periods within those years. The Company has not yet determined the
impact of ASU 2016-10 on its financial statements.





NOTE 4. - STOCKHOLDERS' DEFICIT



The Company is authorized to issue 15,000,000
preferred shares at par value $0.001 and 185,000,000 common shares at par value $0.001.



On October 17, 2014, the Company designated
a class of its non-convertible Preferred Voting Stock, par value $0.001. One Million (1,000,000) Preferred Voting Stock were authorized.
The Preferred Voting Stock carry a voting weight equal to fifty (50) Common Shares. The shares of the Preferred Voting Stock are
not redeemable and cannot be converted into Common Shares, unless it is approved by the Board of Directors and agreed upon by the
Preferred Voting Shareholders. These Preferred Shares do not participate in dividends and have no liquidation rights. Their sole
right is in voting.



On October 17, 2014, the Company agreed
to issue 1,000,000 unregistered restricted, non-convertible Preferred Voting Stock, which carries a voting weight equal to fifty
(50) Common Shares and 14,500,000 restricted common shares to Edward Heckerson for his services provided during the quarter ended
December 31, 2014, which include but are not limited to: corporate guidance, operations, regulatory compliance and the seeking
and successful acquisition of Company financing. The common shares were valued at the fair market value of $2.70 per share as on
the date of issuance for a total value of $39,150,000 and preferred shares were valued for $1,000, based on $0.001 par value of
preferred stock.



In the case of the Common Shares, the
most reliably measured value was determined by the market price of the Common stock, which is not supported by material volume
and thus may represent a category III valuation. In the case of the Preferred Shares, which have no market, are not convertible
to Common Shares, do not participate in dividends, and have no liquidation rights, the Company believes no reliable measure of
value exists for either the security issued or the consideration received by the Company, and chose par value as a last resort.



During June 2015, the Company determined
that several legal and accounting mistakes were made in the issuance of both the Common and Preferred Shares to Mr. Edward Heckerson,
as noted above. It was mutually determined that the most prudent course was to declare both issuances void accordingly, the transaction
was rescinded. The grantee Mr. Edward Heckerson, agreed to rescind the transaction.



Due to errors made, the Company will
present the effect of the recision/ annulment of the transaction retrospectively in the first quarter of fiscal year 2015. This
treatment renders the transaction set null for financial statement purposes, and accordingly the Company expects to update and
restate its quarterly filings for the quarters ended December 31, 2014 and March 31, 2015, the affected periods within the next
ninety days.



F-12







IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015







On November 14, 2014, the Board of Directors
approved and agreed to issue 2,500,000 unregistered restricted common shares at an agreed value of $ 0.08 per share to satisfy
a Convertible Note debt obligation of $200,000 between the Company and Lakeview Media, a Nevis corporation. The Company had entered
into the Convertible Note with Lakeview Media on September 30, 2014. The debt holder agreed to tender their original note, marked
satisfied, upon the issuance of 2,500,000 IPOWorld restricted common shares and the debt discount calculated under the embedded
beneficial conversion feature of $200,000 was entirely amortized and recorded as interest expense as at December 31, 2014. The
shares were issued pursuant to the exemption from registration provided by Section 4(2) of the Securities Act. We believed that
Section 4(2) was available because the offer and sale did not involve a public offering and there was not general solicitation
or general advertising involved in the offer or sale.



There have been no issuances of stock
options or warrants during the years ended September 30, 2015 and 2014.





NOTE 5 - RELATED PARTY TRANSACTIONS



During the year ended September 30,
2015, the Company paid a related party $22,000 for consulting expenses related to the coordination of construction services currently
in progress. This related party entity is controlled by the sole officer of the Company.



The Company does not lease or rent any
property. Nominal office services are provided without charge by a director. Such costs are immaterial to the financial statements
and, accordingly, have not been reflected therein. The officer and directors of the Company are involved in other business activities
and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available,
such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated
a policy for the resolution of such conflicts.





NOTE 6 - LINE OF CREDIT



On June 25, 2015, the Company received
a line of credit in the amount of $150,000 from Clear Water Technologies which bears interest at a rate of 2% per month, due and
payable within 60 days. The Company has borrowed $50,000 to date, and received a verbal extension. However, since that time all
efforts to communicate with the company have failed, and it is believed that Clear Water Technologies has ceased operations.



F-13









IPOWorld

Notes to Consolidated Financial Statements

September 30, 2015





NOTE 7 - CONSTRUCTION EXPENSE



The Company was investing in a colocation
facility for a turn-key marijuana production and processing location on behalf of a future client. As of September 30, 2015 and
2014, the Company had not completed the Washington State Liquor Control Board approved site plan, consulted the client and has
expensed $45,288 and $52,162 for construction at this site. However, a variety of operational and client monetary difficulties
combined to end the project without completion, and for the costs incurred to date offered no further economic benefit to the Company.





NOTE 8 - SUBSEQUENT EVENTS



The Company has evaluated subsequent
events from September 30, 2015 through the date the consolidated financial statements are issued, and has determined that no such
events have occurred.























































F-14









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



None.





Item 9A(T). Controls and Procedures.



Evaluation of disclosure controls and procedures



Our disclosure controls and procedures,
as defined in Rule 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"),
are designed to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is recorded,
processed, summarized, and reported within the time periods specified in rules and forms adopted by the SEC, and that such information
is accumulated and communicated to management, including the Chief Executive Officer and the Chief Financial Officer, to allow
timely decisions regarding required disclosures.



Management, with the participation of
the Chief Executive Officer and the Chief Financial Officer, who is also the sole member of our Board of Directors, has evaluated
the effectiveness of our disclosure controls and procedures as of the end of the period covered by this Form 10-K. Based on such
evaluation, the Chief Executive Officer and the Chief Financial Officer concluded that, as of September 30, 2014, our disclosure
controls and procedures were not effective. Our disclosure controls and procedures were not effective because of the "material
weaknesses" described below under "Management's annual report on internal control over financial reporting," which
are in the process of being remediated as described below under "Management Plan to Remediate Material Weaknesses."



Management's Report on Internal Control
Over Financial Reporting



Our management is responsible for establishing
and maintaining adequate internal control over financial reporting. Internal control over financial reporting is defined in Rule
13a-15(f) or 15d-15(f) promulgated under the Securities Exchange Act of 1934 as a process designed by, or under the supervision
of, the company's principal executive and principal financial officer and effected by the company's board of directors, management
and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with accounting principles generally accepted in the United States of America and
includes those policies and procedures that:



·Pertain to the maintenance of records that in reasonable detail accurately and fairly reflect
the transactions and dispositions of the assets of the company;





27









·Provide reasonable assurance that transactions are recorded as necessary to permit preparation
of financial statements in accordance with accounting principles generally accepted in the United States of America and that receipts
and expenditures of the company are being made only in accordance with authorizations of management and directors of the company;
and



·Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition,
use or disposition of the company's assets that could have a material effect on the financial statements.



Because of its inherent limitations,
internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness
to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree
of compliance with the policies or procedures may deteriorate. All internal control systems, no matter how well designed, have
inherent limitations. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect
to financial statement preparation and presentation. Because of such limitations, there is a risk that material misstatements may
not be prevented or detected on a timely basis by internal control over financial reporting. However, these inherent limitations
are known features of the financial reporting process, and it is possible to design into the process safeguards to reduce, though
not eliminate, this risk. Further, over time control may become inadequate because of changes in conditions or the degree of compliance
with the policies or procedures may deteriorate.



As of September 30, 2015 management
assessed the effectiveness of our internal control over financial reporting based on the criteria for effective internal control
over financial reporting established in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations
of the Treadway Commission ("COSO") and SEC guidance on conducting such assessments. Based on that evaluation, they concluded
that, during the period covered by this report, such internal controls and procedures were not effective to detect the inappropriate
application of US GAAP rules as more fully described below. This was due to deficiencies that existed in the design or operation
of our internal controls over financial reporting that adversely affected our internal controls and that may be considered to be
material weaknesses.



The matters involving internal controls
and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight
Board were: 1) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority
of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required
internal controls and procedures; and 2)

inadequate segregation of duties consistent
with control objectives.



The aforementioned material weakness
was identified by our President in connection with the review of our consolidated financial statements as of September 30, 2015.





28









Management believes that the lack of
a functioning audit committee and the lack of a majority of outside directors on our board of directors and inadequate segregation
of duties consistent with control objectives results in ineffective oversight in the establishment and monitoring of required internal
controls and procedures, which could result in a material misstatement in our consolidated financial statements in future periods.



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



Management's Remediation Initiatives



In an effort to remediate the identified
material weaknesses and other deficiencies and enhance our internal controls, we have initiated, or plan to initiate, the following
series of measures:



We plan to appoint one or more outside
directors to our board of directors who shall be appointed to an audit committee resulting in a fully functioning audit committee
who will undertake the oversight in the establishment and monitoring of required internal controls and procedures such as reviewing
and approving estimates and assumptions made by management when funds are available to us.



Management believes that the appointment
of one or more outside directors, who shall be appointed to a fully functioning audit committee, will remedy the lack of a functioning
audit committee and a lack of a majority of outside directors on our Board.



We anticipate that these initiatives
will be at least partially, if not fully, implemented by September 30, 2016, if funds are available to us. Additionally, we plan
to test our updated controls and remediate our deficiencies by September 30, 2016.



Changes in Internal Controls over
Financial Reporting



There was no change in our internal
controls over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably
likely to materially affect, our internal controls over financial reporting.





Item 9B. Other Information.



None.





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PART III



ITEM 10. Directors, Executive Officers, Promoters, and Control
Persons and Corporate Governance



The following table sets forth the names and
ages of the current director and executive officer of the Company, the principal offices and positions with the Company held by
each person and the date such person became a director or executive officer of the Company. The executive officers of the Company
are elected annually by the Board of Directors. The directors serve one-year terms until their successors are elected. The executive
officers serve terms of one year or until their death, resignation or removal by the Board of Directors. There are no family relationships
among any of the directors and officers.



| | Name             | Age | Position & Offices Held                                           | 
| | ---------------- | --- | ----------------------------------------------------------------- | 
| | Harrysen Mittler | 64  | Chief Executive Officer/Chairman
        Chief Accounting Officer | 



Our director holds office until the next annual
meeting of stockholders of the Company and until his successors have been elected and qualified. Directors currently receive no
fees for services provided in that capacity.



Set forth below is a brief description of the
background and business experience of our officers and directors.



Harrysen Mittler, Chief Executive Officer,
Chief Accounting Officer, Chairman



Mr. Harrysen Mittler, age 64, has over
thirty years of experience in corporate finance, mergers and acquisitions, business administration and commerce. He commenced his
career with the accounting firm of Deloitte Haskins & Sells in the audit division, the predecessor company to Deloitte &
Touche. Mr. Mittler has served in a senior executive and director capacity with several privately held and publicly quoted emerging
growth companies in North America and Europe. In 2016 to present Mr. Mittler serves as President and Director of ePiQ Entertainment
Inc. a privately held company which has interests in a variety of Arts and Entertainment venues. In 2009 -2010 Mr. Mittler served
as President and Director of publically quoted Pacific Software Inc. a development stage Software Company. From 2006-2007 Mr. Mittler
served as Chief Financial Officer and Director of Autoworks International Ltd. a company listed on the Frankfurt Stock Exchange
trading in aftermarket automotive parts. In 2004 and 2005 Mr. Mittler served as Director and Chief Financial Officer of Nortia
Capital Partners Inc. a publically traded merchant banking company. It supplied mergers & acquisitions, financial and management
services to emerging growth companies. In 2001 and 2002, Mr. Mittler served as Chairman and President of Grand Prix Sports, Inc.,
a publically traded motor sports company that owned a 40% equity stake in Nordic Racing Ltd., a FIA F3000 racing team.





30









The title sponsor of the team was Coca-Cola
Europe, other major sponsors included: Jet Fuels, a division of Conoco, and Euro sport, a leading broadcaster of major sporting
events in Europe. The racing series is regarded as the support venue for the popular Formula 1 International Auto Racing Championship
Series showcased globally. Since 2011, Mr. Mittler served as a corporate consultant to variety of enterprises, a partial list includes:
Spectra Automotive Group, Royal Bees Company, Inc., Silicon South Inc. and Aquila Vision Corporation Plc.





Involvement in Certain Legal Proceedings



Our directors, executive officers and control
persons have not been involved in any of the following events during the past ten years and which is material to an evaluation
of the ability or the integrity of our director or executive officer:



| | (1) | The registrant has no standing audit, nominating and compensation
committees of the Board of Directors, or committees performing similar functions. The Board acts itself in lieu of committees due
to its small size.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (2) | The view of the board of directors is that it is appropriate for
the registrant not to have such a committee because its director participate in the consideration of director nominees and the
board and the company are so small.
| | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (3) | The members of the Board who acts as nominating committee is not
independent, pursuant to the definition of independence of a national securities exchange registered pursuant to section 6(a) of
the Act (15 U.S.C. 78f(a).
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (4) | The nominating committee has no policy with regard to the consideration
of any director candidates recommended by security holders, but the committee will consider director candidates recommended by
security holders.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (5) | The basis for the view of the board of directors that it is appropriate
for the registrant not to have such a policy is that there is no need to adopt a policy for a small company.
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (6) | The nominating committee will consider candidates recommended by
security holders, and by security holders in submitting such recommendations.
| | --- | ----------------------------------------------------------------------------------------------------------------------------------------------



| | (7) | There are no specific, minimum qualifications that the nominating
committee believes must be met by a nominee recommended by security holders except to find anyone willing to serve with a clean
background.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (8) | The nominating committee's process for identifying and evaluation
of nominees for director, including nominees recommended by security holders, is to find qualified persons willing to serve with
a clean backgrounds. There are no differences in the manner in which the nominating committee evaluates nominees for director based
on whether the nominee is recommended by a security holder, or found by the board.
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



31









Board of Directors



Our board of directors consists of only one
member, Harrysen Mittler, who serves one-year terms without any compensation.





Audit Committee



The company does not presently have
an Audit Committee. The sole member of the Board sits as the Audit Committee. No qualified financial expert has been hired because
the company is too small to afford such expense.





Committees and Procedures



1)The registrant has no standing audit, nominating and compensation committees of the Board
of Directors, or committees performing similar functions. The Board acts itself in lieu of committees due to its small size.



2)The view of the board of directors is that it is appropriate for the registrant not to have
such a committee because its directors participate in the consideration of director nominees and the board and the company are
so small.



3)The members of the Board who acts as nominating committee is not independent, pursuant to
the definition of independence of a national securities exchange registered pursuant to section 6(a) of the Act (15 U.S.C. 78f(a).



4)The nominating committee has no policy with regard to the consideration of any director candidates
recommended by security holders, but the committee will consider director candidates recommended by security holders.



5)The basis for the view of the board of directors that it is appropriate for the registrant
not to have such a policy is that there is no need to adopt a policy for a small company.



6)The nominating committee will consider candidates recommended by security holders, and by
security holders in submitting such recommendations.



7)There are no specific, minimum qualifications that the nominating committee believes must
be met by a nominee recommended by security holders except to find anyone willing to serve with a clean background.



8)The nominating committee's process for identifying and evaluation of nominees for director,
including nominees recommended by security holders, is to find qualified persons willing to serve with a clean backgrounds. There
are no differences in the manner in which the nominating committee evaluates nominees for director based on whether the nominee
is recommended by a security holder, or found by the board.



32









Code of Ethics



We have not adopted a Code of Ethics
for the Board and any salaried employees.



Limitation of Liability of Directors



Pursuant to the Nevada General Corporation
Law, our Articles of Incorporation exclude personal liability for our Directors for monetary damages based upon any violation of
their fiduciary duties as Directors, except as to liability for any breach of the duty of loyalty, acts or omissions not in good
faith or which involve intentional misconduct or a knowing violation of law, or any transaction from which a Director receives
an improper personal benefit. This exclusion of liability does not limit any right which a Director may have to be indemnified
and does not affect any Director's liability under federal or applicable state securities laws. We have agreed to indemnify our
directors against expenses, judgments, and amounts paid in settlement in connection with any claim against a Director if he acted
in good faith and in a manner he believed to be in our best interests.



Nevada Anti-Takeover Law and Charter
and By-law Provisions



The anti-takeover provisions of Sections
78.411 through 78.445 of the Nevada Corporation Law apply to IPOWorld Section 78.438 of the Nevada law prohibits the Company from
merging with or selling more than 5% of our assets or stock to any shareholder who owns or owned more than 10% of any stock or
any entity related to a 10% shareholder for three years after the date on which the shareholder acquired the IPOWorld shares, unless
the transaction is approved by IPOWorld's Board of Directors. The provisions also prohibit the Company from completing any of the
transactions described in the preceding sentence with a 10% shareholder who has held the shares more than three years and its related
entities unless the transaction is approved by our Board of Directors or a majority of our shares, other than shares owned by that
10% shareholder or any related entity. These provisions could delay, defer or prevent a change in control of IPOWorld.

















33











Item 11. Executive Compensation



The following summary compensation table sets forth all compensation
awarded to, earned by, or paid to the named executive officer paid by us for the Company's last completed fiscal year in all capacities
for the accounts of our executives.



Compensation



Summary Compensation Table



|                  |            | Year     |        |       |        |              |      
|----------------- | ---------- | -------- | ------ | ----- | ------ | ------------ | -----
|                  | Principal  | Ending   | Salary | Bonus | Awards | Compensation | Total
|Name              | Position   | Sept 30, | ($)    | ($)   | ($)    | ($)          | ($)  
|                  |            |          |        |       |        |              |      
|Edward Heckerson  | Former CEO | 2015     | 0      | 0     | 0      | 0            | 0    
|Appointed 2/15/14 | 2014       | 0        | 0      | 0     | 0      | 0           
|Resigned 7/13/16  |            |          |        |       |        |             
|                  |            |          |        |       |        |              |      
|Harrysen Mittler  | CEO        | 2015     | 0      | 0     | 0      | 0            | 0    
|Appointed 7/13/16 |            |          |        |       |        |              |      





We do not maintain key-man life insurance for
our executive officer/director. We do not have any long-term compensation plans, stock option plans or employment agreements with
our executive officers/directors.



We do not maintain key-man life insurance for our executive officer/director.
We do not have any long-term compensation plans or stock option plans.



As of the date hereof, there have been no grants of stock options
to purchase our Common Stock made to the executive officer named in the Summary Compensation Table.



There have been no awards made to the named executive officer under
any long term incentive plan.







34











Compensation of Directors



Directors are permitted to receive fixed fees and other compensation
for their services as directors. The Board of Directors has the authority to fix the compensation of directors. No amounts have
been paid to, or accrued to our two directors in such capacity.



Stock Option Grants



We did not grant any stock options to
the executive officer or director from inception through fiscal year end September 30, 2015.



Outstanding Equity Awards at 2015
Fiscal Year-End



We did not have any outstanding equity
awards as of September 30, 2015 or September 30, 2014.



Option Exercises for Fiscal 2015



There were no options exercised by our named executive officer
in fiscal 2015 or 2014.



Potential Payments Upon Termination or Change in Control



We have not entered into any compensatory
plans or arrangements with respect to our named executive officer, which would in any way result in payments to such officer because
of his resignation, retirement, or other termination of employment with us or our subsidiaries, or any change in control of, or
a change in his responsibilities following a change in control.





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



The following table presents information, to
the best of our knowledge, about the ownership of our common stock on January 13, 2015, relating to those persons known to beneficially
own more than 5% of our capital stock and by our named Executive Officer and Directors.







35









Beneficial ownership is determined in accordance
with the rules of the U. S. Securities and Exchange Commission and does not necessarily indicate beneficial ownership for any other
purpose. Under these rules, beneficial ownership includes those shares of common stock over which the stockholder has sole or shared
voting or investment power. It also includes shares of common stock that the stockholder has a right to acquire within 60-days
after September 30, 2014 pursuant to options, warrants, conversion privileges or other right. The percentage ownership of the outstanding
common stock, however, is based on the assumption, expressly required by the rules of the Securities and Exchange Commission, that
only the person or entity whose ownership is being reported has converted options or warrants into shares of IPOWorld common stock.
The Company does not have any outstanding options, warrants, preferred shares or other securities exercisable for or convertible
into shares of its common stock.



|Shares Beneficially Owned               |  | % of Total 
Voting 
Power(1) |  |                 
|--------------------------------------- |  | ---------------------------- |  | ----------------
|                                        |  | Common                       |  | Voting Preferred
|Name of Beneficial Owner                |  | Shares                       |  | %               
|Named Executive Officers and Directors: |  |                              |  |                 
|Harrysen Mittler                        |  | 0                            |  |                 
|                                        |  |                              |  |                 
|                                        |  |                              |  |                 
|All Officers and Directors as a Group   |  | 0                            |  |                 
|                                        |  |                              |  |                 
|Other 5% Stockholders                   |  |                              |  |                 
|                                        |  |                              |  |                 
|ESE Group, LLC (2)                      |  | 12,850,000                   |  |                 
|                                        |  |                              |  |                 
|                                        |  |                              |  |                 
|                                        |  |                              |  |                 



1) Percentage of total voting power
represents voting power with respect to all shares of our common stock (27,500,000 issued and outstanding).



2) ESE Group, LLC, 120 State Ave.
NE, PMB 268, Olympia, WA 98501. Marlena Niemann is the beneficial owner who exercises the sole voting and dispositive powers with
respect to the shares owned and has the ultimate voting control over the shares held this entity.





We are not aware of any arrangements that may
result in "changes in control" as that term is defined by the provisions of Item 403(c) of Regulation S-B.





36









We believe that all persons named have full
voting and investment power with respect to the shares indicated, unless otherwise noted in the table. Under the rules of the U.
S. Securities and Exchange Commission, a person (or group of persons) is deemed to be a "beneficial owner" of a security
if he or she, directly or indirectly, has or shares the power to vote or to direct the voting of such security, or the power to
dispose of or to direct the disposition of such security. Accordingly, more than one person may be deemed to be a beneficial owner
of the same security. A person is also deemed to be a beneficial owner of any security, which that person has the right to acquire
within 60-days, such as options or warrants to purchase our common stock.





Change of Control



We are not aware of any other arrangements
that may result in "changes in control" as that term is defined by the provisions of Item 403(c) of Regulation S-B.



We believe that all persons named have
full voting and investment power with respect to the shares indicated, unless otherwise noted in the table. Under the rules of
the Securities and Exchange Commission, a person (or group of persons) is deemed to be a "beneficial owner" of a security
if he or she, directly or indirectly, has or shares the power to vote or to direct the voting of such security, or the power to
dispose of or to direct the disposition of such security. Accordingly, more than one person may be deemed to be a beneficial owner
of the same security. A person is also deemed to be a beneficial owner of any security, which that person has the right to acquire
within 60 days, such as options or warrants to purchase our common stock.





Item 13. Certain Relationships and Related
Transactions, and Director Independence.



The Company does not lease or rent any property.
Office services are provided without charge by a director. Such costs are immaterial to the consolidated financial statements and,
accordingly, have not been reflected therein.



The officer/director of the Company is involved
in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity
becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company
has not formulated a policy for the resolution of such conflicts.







37











Item 14. Principal Accountant Fees and Services.



De Joya Griffith, LLC, Henderson, NV,
served as our principal independent public accountants for fiscal years ending September 30, 2015 and September 30, 2014. Aggregate
fees billed to us for the years ended September 30, 2015 and 2014 were as follows:



|                      | For Year Ended Sept. 30, |  | For the Year Ended Sept. 30, |  |  | 
|--------------------- | ------------------------ |  | ---------------------------- |  |  | 
|                      | 2015                     |  | 2014                         |  |  | 
|(1)Audit Fees (1)     | $15,250                  |  | $9,750                       |  |  | 
|(2)Audit-Related Fees |                          |  |                              |  |  | 
|(3)Tax Fees           |                          |  |                              |  |  | 
|(4)All Other Fees     |                          |  |                              |  |  | 





Total fees paid or accrued to our principal auditors.



(1) Audit Fees include fees billed and
expected to be billed for services performed to comply with Generally Accepted Auditing Standards (GAAS), including the recurring
audit of the Company's financial statements for such period included in this Annual Report on Form 10-K and for the reviews of
the quarterly financial statements included in the Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission.



Audit Committee Policies and Procedures



We do not have an audit committee; therefore
our sole director pre-approves all services to be provided to us by our independent auditor. This process involves obtaining (i)
a written description of the proposed services, (ii) the confirmation of our Principal Accounting Officer that the services are
compatible with maintaining specific principles relating to independence, and (iii) confirmation from our securities counsel that
the services are not among those that our independent auditors have been prohibited from performing under SEC rules. Our sole director
then makes a determination to approve or disapprove the engagement of De Joya Griffith for the proposed services. In the fiscal
year ending September 30, 2014, all fees paid to De Joya Griffith were unanimously pre-approved in accordance with this policy.



Less than 50 percent of hours expended
on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed
to work performed by persons other than the principal accountant's full-time, permanent employees.







38











PART IV



Item 15. Exhibits, Financial Statement Schedules.





The following information required under this item is filed
as part of this

report:



(a) 1. Financial Statements

|                                                                 |  |  |    | Page
|---------------------------------------------------------------- |  |  | -- | ----
|                                                                 |  |  |    |     
|Management's Report on Internal Control Over Financial Reporting |  |  | 23
|Report of Independent Registered Public Accounting Firm          |  |  |    | F-1 
|Consolidated Balance Sheets                                      |  |  |    | F-2 
|Consolidated Statements of Operations                            |  |  |    | F-3 
|Consolidated Statement of Stockholders' Equity                   |  |  |    | F-4 
|Consolidated Statements of Cash Flows                            |  |  |    | F-5 







(b) 2. Consolidated Financial Statement Schedules



None.



(c) 3. Exhibit Index





|        |                                                                                                                                                 |                | Incorporated by reference
|------- | ----------------------------------------------------------------------------------------------------------------------------------------------- | -------------- | -------------------------
|Exhibit | Exhibit Description                                                                                                                             | Filed herewith | Form                     
|3.1     | Articles of Incorporation, as currently in effect                                                                                               |                | S-1                      
|3.2     | Bylaws, as currently in effect                                                                                                                  |                | S-1                      
|3.3     | Bylaws, as currently in effect                                                                                                                  |                | 10-Q                     
|31.1    | Certification of Principal Executive Officer and Principal
        Financial
        Officer, pursuant to Section 302 of the Sarbanes-Oxley Act | X              |                          
|32.1    | Certification of Principal Executive Officer and Principal
        Financial
        Officer, pursuant to Section 302 of the Sarbanes-Oxley Act | X              |                          





39











SIGNATURES



In accordance with Section 13 or 15(d)
of the Securities Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



|                      | IPOWorld
        Registrant                                                                                         
|--------------------- | --------------------------------------------------------------------------------------------------------------------
|Dated: March 30, 2017 | By: Harrysen Mittler                                                                                                
|                      | Harrysen Mittler  President, Treasurer, Secretary and Chairman Principal Executive, Financial and Accounting Officer





Pursuant to the requirements of the
Securities Act of 1934, as amended, this Annual Report has been signed by the following persons in the capacities and on the dates
indicated.



|                                                          |  |                                                                                                         |  |               
|--------------------------------------------------------- |  | ------------------------------------------------------------------------------------------------------- |  | --------------
|Signature                                                 |  | Title                                                                                                   |  | Date          
|                                                          |  |                                                                                                        
|Harrysen
        Mittler
        Harrysen
        Mittler |  | President, Treasurer, Secretary, Principal Financial Officer, Principal Accounting Officer and Chairman |  | March 30, 2017













40