UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



Form
10-Q



[X]
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE
SECURITIES EXCHANGE ACT OF 1934



For
the quarterly period ended June 30, 2019



or

[  ]
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE
SECURITIES EXCHANGE ACT OF 1934



For
the transition period from _______ to _______.



Commission
file number 000-55177



|LIBERATED
    SOLUTIONS, INC.                             
|----------------------------------------------------------
|(Exact
    name of registrant as specified in its charter)



|Nevada                                |  | 27-4715504          
|------------------------------------- |  | --------------------
|(State
    or other jurisdiction      |  | (I.R.S.
    Employer
|of
    incorporation or organization) |  | Identification No.) 



|17701
    E 36th Street CTS                  |  |               
|-------------------------------------------- |  | --------------
|Independence,
    MO                         |  | 64055         
|(Address
    of principal executive offices) |  | (Zip
    Code)



|(845)
    610-3817                                     
|-------------------------------------------------------
|(Registrant’s
    telephone number including area code)



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



Indicate
by check mark whether the registrant has submitted electronically and posted on its corporate Web site, 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) [X] Yes [  ]
No



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



| | Large
    accelerated filer [  ]                                             | Accelerated
    filer [  ]       
| | ---------------------------------------------------------------------------- | ---------------------------------
| | Non-accelerated
    filer [  ] (Do not check if a smaller reporting company) | Smaller
    reporting company [X]



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



Indicate
the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 3,480,746,840
shares of common stock issued and outstanding as of August 19, 2019.






























TABLE
OF CONTENTS





|Item
    # |  | Description                                                                           |  | Page
    Numbers
|---------- |  | ------------------------------------------------------------------------------------- |  | ----------------
|           |  |                                                                                       |  |                 
|           |  | PART I                                                                                |  |                 
|           |  |                                                                                       |  |                 
|ITEM
    1 |  | FINANCIAL STATEMENTS                                                                  |  | 3               
|           |  |                                                                                       |  |                 
|ITEM
    2 |  | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |  | 15              
|           |  |                                                                                       |  |                 
|ITEM
    3 |  | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                            |  | 17              
|           |  |                                                                                       |  |                 
|ITEM
    4 |  | CONTROLS AND PROCEDURES                                                               |  | 17              
|           |  |                                                                                       |  |                 
|           |  | PART II                                                                               |  | 17              
|           |  |                                                                                       |  |                 
|ITEM
    1 |  | LEGAL PROCEEDINGS                                                                     |  | 17              
|           |  |                                                                                       |  |                 
|ITEM
    2 |  | UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS                           |  | 17              
|           |  |                                                                                       |  |                 
|ITEM
    3 |  | DEFAULTS UPON SENIOR SECURITIES                                                       |  | 18              
|           |  |                                                                                       |  |                 
|ITEM
    4 |  | MINE SAFETY DISCLOSURES                                                               |  | 18              
|           |  |                                                                                       |  |                 
|ITEM
    5 |  | OTHER INFORMATION                                                                     |  | 18              
|           |  |                                                                                       |  |                 
|ITEM
    6 |  | EXHIBITS                                                                              |  | 18              
|           |  |                                                                                       |  |                 
|           |  | SIGNATURES                                                                            |  | 19              



SPECIAL
NOTE REGARDING FORWARD-LOOKING STATEMENTS



The
Securities and Exchange Commission (“SEC”) encourages companies to disclose forward-looking information so that investors
can better understand future prospects and make informed investment decisions. This report contains these types of statements.
Words such as “may,” “expect,” “believe,” “anticipate,” “estimate,”
“project,” or “continue” or comparable terminology used in connection with any discussion of future operating
results or financial performance identify forward-looking statements. You are cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date of this report. All forward-looking statements reflect our present expectation of
future events and are subject to a number of important factors and uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements.





2









PART
I: FINANCIAL INFORMATION



ITEM
1: FINANCIAL STATEMENTS

LIBERATED
SOLUTIONS, INC

BALANCE
SHEETS

(Unaudited)



|                                                                                                                                                                        |  | June 30, 2019 |            |   | September 30, 2018 |  
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------- | ---------- | - | ------------------ | -
|ASSETS                                                                                                                                                                  |  |               |            |   |                    |  
|                                                                                                                                                                        |  |               |            |   |                    |  
|Current assets                                                                                                                                                          |  |               |            |   |                    |  
|Cash                                                                                                                                                                    |  | $             | 4,037      |   |                    | $
|                                                                                                                                                                        |  |               |            |   |                    |  
|Total current assets                                                                                                                                                    |  |               | 4,037      |   |                    |  
|                                                                                                                                                                        |  |               |            |   |                    |  
|Total assets                                                                                                                                                            |  | $             | 4,037      |   |                    | $
|                                                                                                                                                                        |  |               |            |   |                    |  
|LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                                                   |  |               |            |   |                    |  
|                                                                                                                                                                        |  |               |            |   |                    |  
|Current liabilities                                                                                                                                                     |  |               |            |   |                    |  
|Accounts payable and accrued expenses                                                                                                                                   |  | $             | 131,189    |   |                    | $
|Accrued consulting – related party                                                                                                                                      |  |               | 52,150     |   |                    |  
|Convertible notes payable                                                                                                                                               |  |               | 607,489    |   |                    |  
|Deferred revenue                                                                                                                                                        |  |               | 5,000      |   |                    |  
|Total current liabilities                                                                                                                                               |  |               | 795,828    |   |                    |  
|                                                                                                                                                                        |  |               |            |   |                    |  
|Stockholders’ deficit                                                                                                                                                   |  |               |            |   |                    |  
|Preferred shares, par value $0.001. 100,000,000 authorized; 10,000,000 issued and outstanding                                                                           |  |               | 10,000     |   |                    |  
|Common stock, par value $0.001, authorized 6,000,000,000, issued and outstanding 3,480,746,840 and 630,989,121 as of June 30, 2019 and September 30, 2018, respectively |  |               | 3,480,745  |   |                    |  
|Additional paid-in capital                                                                                                                                              |  |               | (91,745    | ) |                    |  
|Accumulated deficit                                                                                                                                                     |  |               | (4,190,791 | ) |                    |  
|Total stockholders’ deficit                                                                                                                                             |  |               | (791,791   | ) |                    |  
|                                                                                                                                                                        |  |               |            |   |                    |  
|Total liabilities and stockholders’ (deficit)                                                                                                                           |  | $             | 4,037      |   |                    | $



The
accompanying notes are an integral part of the unaudited financial statements.





3









LIBERATED
SOLUTIONS, INC

STATEMENTS
OF OPERATIONS

FOR
THE THREE AND NINE MONTHS ENDED JUNE 30,

(UNAUDITED)





|                                                     |  | Three Months |               |   | Nine Months |  
|---------------------------------------------------- |  | ------------ | ------------- | - | ----------- | -
|                                                     |  | 2019         |               |   | 2018        |  
|                                                     |  |              |               |   |             |  
|Operating expenses:                                  |  |              |               |   |             |  
|Selling, general and administrative expenses         |  | $            | 130,386       |   |             | $
|Loss from operations                                 |  |              | (130,386      | ) |             |  
|                                                     |  |              |               |   |             |  
|Other Income(expense)                                |  |              |               |   |             |  
|Other income                                         |  |              | —             |   |             |  
|                                                     |  |              |               |   |             |  
|Interest expense                                     |  |              | (17,724       | ) |             |  
|                                                     |  |              |               |   |             |  
|Total other income (expense)                         |  |              | (17,724       | ) |             |  
|                                                     |  |              |               |   |             |  
|Net loss                                             |  | $            | (148,110      | ) |             | $
|                                                     |  |              |               |   |             |  
|Net loss per common share basic and diluted          |  | $            | (0.00         | ) |             | $
|                                                     |  |              |               |   |             |  
|Weighted average number of common shares outstanding |  |              | 3,175,084,102 |   |             |  









The
accompanying notes are an integral part of the unaudited financial statements.



4









LIBERATED
SOLUTIONS, INC



STATEMENT
OF SHAREHOLDERS’ DEFICIT

FOR
THREE AND NINE MONTHS ENDED JUNE 30, 2019 AND 2018





|                                               |  |              |               |  |                 |   |           |         |  |  |             |  |  | Additional    |        |  |         |   |            | Total   | 
|---------------------------------------------- |  | ------------ | ------------- |  | --------------- | - | --------- | ------- |  |  | ----------- |  |  | ------------- | ------ |  | ------- | - | ---------- | ------- | 
|                                               |  | Common Stock |               |  | Preferred Stock |   |           | Paid-In |  |  | Accumulated |  |  | Stockholders’ |       
|                                               |  | Shares       |               |  | Amount          |   |           | Shares  |  |  | Amount      |  |  | Capital       |        |  | Deficit |   |            | Deficit | 
|                                               |  |              |               |  |                 |   |           |         |  |  |             |  |  |               |        |  |         |   |            |         | 
|Balance at September 30, 2017                  |  |              | 14,468,303    |  |                 | $ | 14,468    |         |  |  | 10,000,000  |  |  | $             | 10,000 |  |         | $ | 1,801,619  |         | 
|Common stock issued for debt                   |  |              | 3,543,586     |  |                 |   | 3,544     |         |  |  | —           |  |  |               | —      |  |         |   | 9,266      |         | 
|Common stock issued for service                |  |              | 700,000       |  |                 |   | 700       |         |  |  | —           |  |  |               | —      |  |         |   | 3,920      |         | 
|Net loss                                       |  |              | —             |  |                 |   | —         |         |  |  | —           |  |  |               | —      |  |         |   | —          |         | 
|Balance at December 31, 2017                   |  |              | 18,711,869    |  |                 |   | 18,712    |         |  |  | 10,000,000  |  |  |               | 10,000 |  |         |   | 1,814,805  |         | 
|Common stock issued for debt                   |  |              | 310.337,090   |  |                 |   | 310,337   |         |  |  | —           |  |  |               | —      |  |         |   | 488,996    |         | 
|Common stock issued for service                |  |              | 34,220,040    |  |                 |   | 32,220    |         |  |  | —           |  |  |               | —      |  |         |   | 325,055    |         | 
|Common stock issued for warrant conversion     |  |              | 34,967,577    |  |                 |   | 34,960    |         |  |  | —           |  |  |               | —      |  |         |   | 5,106      |         | 
|Warrant valuation allocated to paid in capital |  |              | —             |  |                 |   | —         |         |  |  | —           |  |  |               | —      |  |         |   | 20,000     |         | 
|Net loss                                       |  |              |               |  |                 |   |           |         |  |  |             |  |  |               |        |  |         |   |            |         | 
|Balance at June 30,2018                        |  |              | 398,236,556   |  |                 |   | 398,236   |         |  |  | 10,000,000  |  |  |               | 10,000 |  |         |   | 2,728,910  |         | 
|                                               |  |              |               |  |                 |   |           |         |  |  |             |  |  |               |        |  |         |   |            |         | 
|Balance at September 30, 2018                  |  |              | 630,989,121   |  |                 | $ | 630,988   |         |  |  | 10,000,000  |  |  |               | 10,000 |  |         |   | 2,513,957  |         | 
|Common stock issued for debt                   |  |              | 967,063,434   |  |                 |   | 967,063   |         |  |  | —           |  |  |               | —      |  |         |   | (858,623   | )       | 
|Net loss                                       |  |              | —             |  |                 |   | —         |         |  |  | —           |  |  |               | —      |  |         |   | —          |         | 
|Balance at December 31, 2018                   |  |              | 1,598,052,555 |  |                 |   | 1,598,051 |         |  |  | 10,000,000  |  |  |               | 10,000 |  |         |   | 1,680,334  |         | 
|Common stock issued for debt                   |  |              | 1,882,694,285 |  |                 |   | 1,882,694 |         |  |  | —           |  |  |               | —      |  |         |   | (1,772,079 | )       | 
|Net loss                                       |  |              | —             |  |                 |   | —         |         |  |  | —           |  |  |               | —      |  |         |   | —          |         | 
|Balance at June 30, 2019                       |  |              | 3,480,746,840 |  |                 |   | 3,480,745 |         |  |  | 10,000,000  |  |  |               | 10,000 |  |         |   | (91,745    | )       | 





The
accompanying notes are an integral part of the unaudited financial statements.



5









LIBERATED
SOLUTIONS, INC

STATEMENTS
OF CASH FLOWS

FOR
THE NINE MONTHS ENDED JUNE 30,

(UNAUDITED)







|                                                                            |  | 2019 |          |   | 2018 |  
|--------------------------------------------------------------------------- |  | ---- | -------- | - | ---- | -
|Cash Flows From Operating Activities:                                       |  | $    | (303,863 | ) |      | $
|Net loss                                                                    |  |      |          |   |      |  
|Adjustments to reconcile net loss to net cash used in operating activities: |  |      |          |   |      |  
|Stock based compensation                                                    |  |      | —        |   |      |  
|Issuance of stock for cashless warrants                                     |  |      | —        |   |      |  
|Loss on Adjustment of debt                                                  |  |      | —        |   |      |  
|Changes in operating assets and liabilities:                                |  |      |          |   |      |  
|Deferred revenue                                                            |  |      | —        |   |      |  
|Accounts payable – related party                                            |  |      | 52,150   |   |      |  
|Accounts payable and accrued expenses                                       |  |      | 26,023   |   |      |  
|Net cash used in operating activities                                       |  |      | (225,690 | ) |      |  
|                                                                            |  |      |          |   |      |  
|Cash Flows From Financing Activities:                                       |  |      |          |   |      |  
|Debt issued to JV for funds                                                 |  |      |          |   |      |  
|Proceeds from JV termination                                                |  |      | 25,000   |   |      |  
|Proceeds from issuance of convertible debt                                  |  |      | 186,749  |   |      |  
|Net cash provided by financing activities                                   |  |      | 211,749  |   |      |  
|                                                                            |  |      |          |   |      |  
|Net change in cash                                                          |  |      | (13,941  | ) |      |  
|Cash at beginning of period                                                 |  |      | 17,978   |   |      |  
|Cash at end of period                                                       |  | $    | 4,037    |   |      | $
|                                                                            |  |      |          |   |      |  
|Non-Cash Financing Activities:                                              |  |      |          |   |      |  
|Common stock issued for accrued interest                                    |  | $    | —        |   |      | $
|Common stock issued for convertible debt conversion                         |  | $    | 219,055  |   |      | $
|Reduction of debt for valuation of warrants issued                          |  |      |          |   |      | $











The
accompanying notes are an integral part of the unaudited financial statements.



6









LIBERATED
SOLUTIONS, INC

NOTES
TO FINANCIAL STATEMENTS

(UNAUDITED)



NOTE
1 - BASISOF PRESENTATION AND ORGANIZATION



Liberated
Solutions, Inc (formally The Go Eco Group and Liberated Energy), Inc. (the “Company”), formerly known as Mega World
Food Holdings Company is a Nevada corporation formed on September 14, 2010.



On
January 19, 2013, pursuant to a Common Stock Purchase Agreement, dated January 7, 2013, Perpetual Wind Power Corporation, a privately
held corporation formed under the laws of the State of Delaware on July 1, 2010, acquired 24,500,000 non-registered shares of
the Company from its shareholders, thereby owning 24,500,000 out of a total of 25,000,000 issued and outstanding shares of the
Company. Thereafter, the Company acquired from Perpetual Wind Power Corporation its patented wind and solar powered turbine technology
for 2,500,000 newly issued shares of the Company which were distributed in a dividend to its shareholders and Perpetual Wind Power
Corporation returned to treasury its 24,500,000 shares it acquired from the Company’s shareholders. As a result of this
transaction, the Company had on January 19, 2013, 3,000,000 shares issued and outstanding. On February 14, 2013, the Company changed
its name from Mega World Food Holding Company to Liberated Energy, Inc. and underwent a 24 for 1 stock split, whereby the Company’s
outstanding shares increased from 3,000,000 to 72,000,000.



On
January 19, 2013, the Company disposed of its wholly-owned subsidiary, Mega World Food Limited (HK). Mega World Food Limited (HK)
was incorporated on June 24, 2010 and was in the business of selling frozen vegetables in all areas of the world except China.
From inception, Mega World Food Limited (HK) only incurred setting up, formation or organization activities. Upon disposal, the
Company ceased these operations and accordingly, the Company’s financial statements have been prepared with the net assets,
results of operations, and cash flows of this business displayed separately as “discontinued operations.”



Effective
January 19, 2013, the Company’s business is the sale of alternative energy products and services.



On
February 4, 2015 the Company increased their number of authorized preferred shares from 10,000,000 to 100,000,000 and authorized
common shares from 250,000,000 to 900,000,000.



On
July 6, 2016, the Company adopted a 1-for-3,500 reverse split of the Company’s common stock.



On
September 14, 2016, the Company entered into an agreement with Ron Knori (Kroni) Owner of EcoCab Portland, LLC by which the Company
will acquire all outstanding ECGLLC membership interest for a 20% non-dilutive interest of the outstanding shares of the Company
with the first closing of the agreement. The foregoing agreement was amended on October 11, 2016 and the Company also entered
into an Addendum to the amended agreement. The foregoing agreement and transaction described therein has not been completed as
of the date of this report and there is no assurance that the transaction will ever be completed and the Company is contemplating
rescinding the agreement and initiating suit against Knori.



On
January 27, 2017, the Company reduced the authorized shares of common stock from 10,000,000,000 to 2,000,000,000 and changed the
name from Liberated Energy, Inc to The Go Eco Group.



On
March 6, 2017, the Company terminated the agreements with Ron Knori and EcoCab based upon breach of contract, fraud, fraudulent
inducement, fraud in the factum, negligent misrepresentation, misrepresentation, contractual interference, breach of fiduciary
duty, negligence, and conversion, all of which were perpetrated by Ron Knori, individually, and in his capacity as manager of
EcoCab.



On
December 31, 2017 the Company entered into a joint venture agreement to sell products produced by the Company. The Company will
hold a 65% common membership interest for $100 in consideration. The joint venture was terminated.



7









On
December 26, 2018 the Company filed an amendment with the Secretary of State of Nevada increasing the authorized shares to 6,000,000,000
from 2,000,000,000 shares of common stock with a par value of $0.001. The authorized shares of preferred shares remained at 10,000,000
with a par value of $0.001



Basis
of Presentation



The
accompanying unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange
Commission for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the
information required to be included in a complete set of financial statements in accordance with accounting principles generally
accepted in the United States of America. In the opinion of management, all adjustments (consisting of normal recurring adjustments)
considered necessary for a fair presentation have been included. Operating results for the three and nine months periods ended
June 30, , 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2019.
The accompanying unaudited financial statements should be read in conjunction with the financial statements and related notes
included in the Company’s 2018 Annual Report filed with the SEC for year-end September 30, 2018.



NOTE
2 - GOING CONCERN



As
shown in the accompanying financial statements, the Company has a negative working capital of $791,791 and an accumulated
deficit of $4,190,791 as of June 30, 2019. The Company’s ability to generate net income and positive cash flows is
dependent on the ability to grow its operating entity as well as the ability to raise additional capital. Management is
following strategic plans to accomplish these objectives, but success is not guaranteed. These factors raise substantial
doubt about the Company’s ability to continue as a going concern. The financial statements do not include any
adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and
classification of liabilities that may result from the outcome of this uncertainty.



NOTE
3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Basis
of Accounting



The
Company maintains its books and records on the accrual basis of accounting. The accompanying financial statements have been prepared
on that basis, in which revenues and gains are recognized when earned and expenses and losses are recognized when incurred.



Use
of Estimates



The
presentation of financial statements in conformity with generally accepted accounting principles in the United States of America
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.



Cash
and Cash Equivalents



For
the purpose of the statement of cash flows, cash and cash equivalents include all cash balances, which are not subject to withdrawal
restrictions or penalties, and highly liquid investments and debt instruments with a maturity of three months or less from the
date of purchase.



Fair
Value of Financial Instruments



Our
short-term financial instruments, including cash, other assets and accounts payable and accrued expenses consist primarily of
instruments without extended maturities, the fair value of which, based on management’s estimates, reasonably approximate
their book value. The fair value of our notes and advances payable is based on management estimates and reasonably approximates
their book value based on their current maturity.



8









Net
Loss per Common Share



The
Company computes per share amounts in accordance with Statement of Financial Accounting Standards (SFAS) ASC 260, Earnings per
Share (EPS). ASC 260 requires presentation of basic and diluted EPS. Basic EPS is computed by dividing the income (loss) available
to common shareholders by the weighted-average number of common shares outstanding for the period. Diluted EPS is based on the
weighted-average number of shares of common stock and common stock equivalents outstanding during the periods.



Stock-Based
Compensation



The
Company accounts for its stock based awards in accordance with Accounting Standards Codification subtopic 718-10, Compensation
(“ASC 718-10”), which requires a fair value measurement and recognition of compensation expense for all share-based
payment awards made to our employees and directors, including restricted stock awards. We estimate the fair value of stock using
the stock price on date of the approval of the award. The fair value is then expensed over the requisite service periods of the
awards, which is generally the date at which the counterparty’s performance is complete and the related amount recognized
in our statements of operations.



Revenue
and Cost Recognition



The
Company did not generate revenue during the three and nine months periods ended June 30, 2019 and 2018 periods. It is the Company’s
policy that revenue from product sales or services will be recognized in accordance with ASC 605 “Revenue Recognition”.
Four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery
has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of
criteria (3) and (4) are based on management’s judgments regarding the fixed nature of the selling prices of the products
delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances,
and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for
which the product was not delivered or is subject to refund until such time that the Company and the customer jointly determine
that the product has been delivered or no refund will be required.



Income
Taxes



The
Company utilizes ASC 740 “Income Taxes” which requires the recognition of deferred tax assets and liabilities for
the expected future tax consequences of events that have been included in the financial statements or tax returns. Under this
method, deferred income taxes are recognized for the tax consequences in future years of differences between the tax bases of
assets and liabilities and their financial reporting amounts at each year-end based on enacted tax laws and statutory tax rates
applicable to the periods in which the differences are expected to affect taxable income. Temporary differences between taxable
income reported for financial reporting purposes and income tax purposes primarily relate to the recognition of debt costs and
stock based compensation expense. The adoption of ASC 740-10 did not have a material impact on the Company’s results of
operations or financial condition.



NOTE
4 – FAIR VALUE MEASUREMENTS



As
defined in (Financial Accounting Standards Board ASC 820), fair value is the price that would be received to sell an asset or
paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). The Company
utilized the market data of similar entities in its industry or assumptions that market participants would use in pricing the
asset or liability, including assumptions about risk and the risks inherent in the inputs to the valuation technique. These inputs
can be readily observable, market corroborated, or generally unobservable. The Company classifies fair value balances based on
the observability of those inputs. FASB ASC 820 establishes a fair value hierarchy that prioritizes the inputs used to measure
fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities
(level 1 measurement) and the lowest priority to unobservable inputs (level 3 measurement).



The
Company’s financial instruments consist of cash and cash equivalents, accounts payable and accrued expenses and shareholder
loans. The carrying amount of these financial instruments approximates fair value due either to length of maturity or interest
rates that approximate prevailing market rates unless otherwise disclosed in these financial statements.



9









Financial
assets and liabilities recorded at fair value in our condensed consolidated balance sheets are categorized based upon a fair value
hierarchy established by GAAP, which prioritizes the inputs used to measure fair value into the following levels:



Level
1— Quoted market prices in active markets for identical assets or liabilities at the measurement date.



Level
2— quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets and
liabilities in markets that are not active; or other inputs that are observable and can be corroborated by observable market data.



Level
3— Inputs reflecting management’s best estimates and assumptions of what market participants would use in pricing
assets or liabilities at the measurement date. The inputs are unobservable in the market and significant to the valuation of the
instruments.



A
financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant
to the fair value measurement.



NOTE
5- EQUITY



Common



During
the nine months ended June 30, 2018, the Company issued 313,880,676 shares of common stock with a value of $779,333 for convertible
debt and accrued interest.



During
the nine months ended June 30, 2018, the Company issued 34,920,000 shares of common stock with a value of $357,225 for services.



During
the nine months ended June 30, 2018 the Company issued 34,967,557 shares of common stock with a value of $154,502 for the conversion
of cashless warrants.



During
the nine months ended June 30, 2019 the Company issued 2,849,757,719 shares of common stock with a value of $219,055 for convertible
debt and accrued interest.



Preferred



On
February 2, 2015, the Company issued 10,000,000 shares of Series A Preferred Stock to an officer and director of the Company.
Each share of series A preferred has 10,000 votes for all shareholder matters compared to 1 vote for each share of common stock.



On
August 15, 2017 the Company’s Board of Directors adopted a resolution authorizing 10,000,000 shares of Series B, no-par
value, preferred stock. The Company has not amended its articles of incorporation to reflect this resolution and none of the Series
B preferred shares have been issued.



NOTE
6– CONVERTIBLE DEBT



LG
Capital Funding



On
July 13, 2015, the Company issued a Convertible Note to LG CAPITAL FUNDING, LLC (“LG Capital”), to replace the $41,400
convertible note issued to Eastmore Capital The note matures on July 13, 2016. The note is convertible by the holder at a discount
of 55% of the lowest trading price of the Company’s stock for the 15 days prior to the conversion



10









On
August 11, 2015, LG Capital’s lawsuit claims the Company issued a Convertible Note to LG CAPITAL FUNDING, LLC (“LG
Capital”) for a principle amount of $27,500 with an interest rate of 8% per annum. The note matures on August 11, 2016.
The note is convertible by the holder at a discount of 55% of the lowest trading price of the Company’s stock for the 15
days prior to the conversion. Per the Company the note was not funded but the Company has accrued the note and interest, totaling
$31,843.



On
September 8, 2015, the Company issued a Convertible Note to LG CAPITAL FUNDING, LLC (“LG Capital”) for a principle
amount of $27,000 with an interest rate of 8% per annum. The note matures on September 8, 2016. The note is convertible by the
holder at a discount of 55% of the lowest trading price of the Company’s stock for the 15 days prior to the conversion.



On
March 14, 2016, the Company issued a Convertible Note to LG Capital Funding, LP for a principle amount of $18,000 with an interest
rate of 12% per annum. The note matures on March 14, 2017. The note is convertible by the holder at a discount of 45% of the lowest
trading price of the Company’s stock for the 20 days prior to the conversion.



On
May 26, 2016, the Company issued a Convertible Note to LG Capital Funding, LP for a principle amount of $17,000 with an interest
rate of 12% per annum. The note matures on March 14, 2017. The note is convertible by the holder at a discount of 50% of the lowest
trading price of the Company’s stock for the 20 days prior to the conversion. Net proceeds to the Company are $15,000 after
deduction of legal fees of $2,000. As of September 30, 2018, the outstanding balance of the note was $17,000 in principal plus
interest of $428 for a total of $17,428.



On
September 15, 2017, LG Capital, LLC filed a lawsuit against the Company. The filing alleges that the Company has defaulted on
several unpaid loans from LG Capital to the Company with the total claim against the Company of $297,160 The Company negotiated
in good faith with LG Capital to settle the debt but to no avail. After reviewing the claim filed by LG Capital, it is the opinion
of Company Management that the Company’s outstanding liability to LG Capital has been fully recognized and accounted for
in the financial statements of the Company. (See Note 7 – Litigation)



Carebourn
Capital



On
September 7, 2016, the Company issued a Convertible Note to Carebourn Capital, LP for a principal amount of $197,363,70 less legal
fees of $8,000 with an interest rate of 12% per annum. The note was scheduled to mature on September 7, 2017 but was extended
in 2018 at a principal amount of $172,671. The note is convertible by the holder at a discount of 50% of the average of the lowest
three trading prices of the Company’s stock for the 20 days prior to the conversion.



On
October 3, 2016, the Company issued a Convertible Note to Carebourn Capital, LP for a principal amount of $237,475 less an original
discount of $30,975 plus transaction fees of $6,500 for a net advanced of $200,000. The note bears an interest rate of 12% per
annum. The note was scheduled to mature on October 3, 2017. The note is convertible by the holder at a discount of 45% of the
average of the lowest three trading prices of the Company’s stock for the 20 days prior to the conversion. On September
15, 2016 $85,000 was returned to Carebourn reducing the principal balance to $115,114 as of that date, however, the note was extended
on April 17, 2018 at a principal amount of $230,790. An additional 10% discount applies if the common stock is only eligible for
X clearing deposit.



On
December 13, 2016, the Company issued a Convertible Note to Carebourn Capital, LP for a principal amount of $98,325 less an original
discount of $12,825 for a net advanced of $80,000. The note bears an interest rate of 12% per annum. The note matured on December
13, 2018. The note is convertible by the holder at a discount of 45% of the average of the lowest three trading prices of the
Company’s stock for the 15 days prior to the conversion. The note was extended on April 17, 2018 at a principal amount of
$116,888. Additional discounts of up to 15% apply if the common stock is not deliverable via DWAC and if only eligible for X clearing
deposit.



Due
to the default status of the Carebourn Capital notes payable, interest was accrued at an annual interest rate of 22%. The total
principal balance owed on the notes at June 30, 2019 is $121,802 plus accrued interest of $40,590.



11













Power
Up Lending



On
January 4, 2018, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principal amount of $35,000 with an
interest rate of 8% per annum with a default interest rate of 22%. The note matures on October 15, 2018. The note is convertible
by the holder at a discount of 50% of the average of the lowest three trading prices of the Company’s stock for the 10 days
prior to the conversion. The note is convertible to common stock 180 days following the date of the note.



On
February 15, 2018, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principal amount of $38,000 with
an interest rate of 8% per annum with a default interest rate of 22%. The note matures on November 30, 2018. The note is convertible
by the holder at a discount of 42% of the average of the lowest three trading prices of the Company’s stock for the 10 days
prior to the conversion. The note is convertible to common stock 180 days following the date of the note.



On
March 9, 2018, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principal amount of $53,000 with an interest
rate of 8% per annum with a default interest rate of 22%. The note matures on December 30, 2018. The note is convertible by the
holder at a discount of 42% of the lowest three trading prices of the Company’s stock for the 10 days prior to the conversion.
The note is convertible to common stock 180 days following the date of the note.



On
March 22, 2018, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principal amount of $38,000 with an
interest rate of 8% per annum with a default interest rate of 22%. The note matures on December 30, 2018. The note is convertible
by the holder at a discount of 42% of the average of the lowest three trading prices of the Company’s stock for the 10 days
prior to the conversion. The note is convertible to common stock 180 days following the date of the note.



On
May 14, 2018, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principal amount of $53,000 with an interest
rate of 8% per annum with a default interest rate of 22%. The note matures on February 28, 2019. The note is convertible by the
holder at a discount of 42% of the average of the lowest three trading prices of the Company’s stock for the 10 days prior
to the conversion. The note is convertible to common stock 180 days following the date of the note.



On
November 19, 2018, the Company issued a Convertible Note to Power Up Lending Group Ltd for a principal amount of $25,000 with
an interest rate of 8% per annum with a default interest rate of 22%. The note matures on August 30, 2019. The note is convertible
by the holder at a discount of 42% of the average of the lowest three trading prices of the Company’s stock for the 10 days
prior to the conversion. The note is convertible to common stock 180 days following the date of the note.



As
of June 30, 2019, the Company owed Power Up lending $17,720 in principal and $10,812 of accrued interest.



Crown
Bridge Partners



On
August 21, 2017, the Company issued a Convertible Note to Crown Bridge Partners for a principal amount of $40,000 with an interest
rate of 8% per annum with a default interest rate of 22%. The note matures on August 21, 2018. The note is convertible by the
holder at a discount of 45% of the lowest one trading price of the Company’s stock for the 20 days prior to the conversion.



On
January 5, 2018 the Company issued a Convertible Note to Crown Bridge Partners for a principal amount of $20,000 with an interest
rate of 8% per annum with a default interest rate of 22%. The note matures on January 5, 2019. The note is convertible by the
holder at a discount of 45% of the lowest one trading price of the Company’s stock for the 20 days prior to the conversion.



On
February 16, 2018, the Company issued a Convertible Note to Crown Bridge Partners for a principal amount of $20,000 with an interest
rate of 8% per annum with a default interest rate of 22%. The note matures on February 16, 2019. The note is convertible by the
holder at a discount of 45% of the lowest one trading price of the Company’s stock for the 20 days prior to the conversion.



12







On
April 2, 2018, the Company issued a Convertible Note to Crown Bridge Partners for a principal amount of $40,000 with an interest
rate of 8% per annum with a default interest rate of 22%. The note matures on April 2, 2019. The note is convertible by the holder
at a discount of 45% of the lowest one trading price of the Company’s stock for the 20 days prior to the conversion.



The
above notes are subject to an additional discounts as follows: (a) 10% discount if the conversion price is equal to or less than
$0.025 per share (b) 10% discount if the shares are not deliverable via DWAC (c) 10% discount if the conversion price is equal
to or less than $0.01.



As
of June 30, 2019, the Company owed Crown Bridge Partners $47,016 in principal and approximately $11,758 in accrued interest.



More
Capital



On
January 15, 2018, the Company issued a Convertible Note to More Capital, LLC for a principal amount of $18,975 with an interest
rate of 10% per annum. The note matures on July 15, 2018. The note is convertible by the holder at a discount of 50% of the average
of lowest three trading price of the Company’s stock for the 20 days prior to the conversion.



On
February 6, 2019, the Company issued a Convertible Note to More Capital, LLC for a principal amount of $97,750, net to the Company
of $75,000, with an interest rate of 10% per annum with a penalty interest rate of 22%. The note matures on August 9, 2019. The
note is convertible by the holder at a discount of 50% of the average of lowest three trading price of the Company’s stock
for the 20 days prior to the conversion.



As
of June 30, 2019, the Company owed More Capital principal of $98,825 plus interest of $6,252.



Redstart
Holdings Corp.



On
December 20,2018, the Company issued a Convertible Note to Redstart Holdings Corp for a principal amount of $14,000 with an interest
rate of 8% per annum with a default rate of 22%. The note matures on October 30, 2019. The note is convertible by the holder at
a discount of 48% of the average of lowest three trading price of the Company’s stock for the 10 days prior to the conversion.



On
April 1, 2019, the Company issued a Convertible Note to Redstart Holdings Corp for a principal amount of $50,000 with an interest
rate of 8% per annum with a default rate of 22%. The note matures on January 30, 2020. The note is convertible by the holder at
a discount of 42% of the lowest one day trading price of the Company’s stock for the 10 days prior to the conversion.



As
of June 30, 2018, the Company owes the note holder $64,000 plus interest of $1,232.



Management
has reviewed the terms of the convertible instruments to determine their fair value. After reviewing the characteristic and the
value of the conversion, management has determined based on note conversion history that the conversion value is equal or less
than par value of the shares used for conversion thus determining that the fair value of the notes is equal to their face value.



Note
7 - LITIGATION



On
September 15, 2016, LG Capital, LLC filed a lawsuit against the Company in the County of Kings, in the Supreme Court of the State
of New York (index number 516298/2016). The filing alleges that the Company has defaulted on several unpaid loans from LG Capital
to the Company with the total owing and due including principal and interest of $297,160. The Company has not counter claimed
but believes that LG Capital unlawfully attempted to convert some of the loans to common stock of the Company has filed an injunction
against the Company transfer agent to block LG Capital from such a conversion. In addition, the Company negotiated in good faith
with LG Capital to settle the debt but to no avail. After reviewing the claim made by LG Capital, is the opinion of management
that the outstanding liability to LG Capital has been fully recognized and accounted for in the financial statements of the Company.
(See Note 7-Convertible Notes).



13







On
August 28, 2018, the Trustee for the bankruptcy of EcoCab Portland, LLC (Case No. 17-31000-tmb7) received a judgment against the
Company for $179,496 plus interest at $0.0244% per annum. The judgement was filed in the US Bankruptcy Court for the District
of Oregon. The Trustee claims the Company unilaterally repaid its note and is claim preference by the Company over other creditors
of the same class for the payments. The Company agreed to settle the claim with a one-time payment of $40,000 which is awaiting
a decision by the trustee and confirmation of the bankruptcy court of any settlement.



NOTE
8– COMMITMENTS AND CONTINGENCIES



On
March 1, 2019 the Company signed a stock purchase agreement with CigaWatt, a Nevada corporation in which the company will purchase
from certain shareholders of CigaWatt 100% of the shares of CigaWatt. with a value of $200,000. The closing per this agreement
shall be on or before May 15, 2019 and is subject to certain covenants and conditions including the completion of an audit of
CigaWatt prior to closing. As of June 30, 2019 the agreement had not closed.



NOTE
9 – INCOME TAX



The
Company follows Accounting Standards Codification 740, Accounting for Income Taxes.



The
Company had a net loss of $303,863 for the nine months ended June 30, 2019 and $931,139 for the same period in 2018. As of June
30, 2019, the Company’s net operating loss carry forward was approximately $1,367,343 that will begin to expire in the year
2036.



The
Company’s deferred tax assets consisted of the following as of June 30, 2019 and 2018:



|                          |  | 2019 |          |   | 2018 |  
|------------------------- |  | ---- | -------- | - | ---- | -
|Total deferred tax asset  |  |      | 287,142  |   |      |  
|Less: Valuation allowance |  |      | (287,142 | ) |      |  
|Net deferred tax asset    |  | $    | -        |   |      | $



In
assessing the recovery of the deferred tax assets, management considers whether it is more likely than not that some portion or
all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation
of future taxable income in the periods in which those temporary differences become deductible. Management considers the scheduled
reversals of future deferred tax assets, projected future taxable income, and tax planning strategies in making this assessment.
As a result, management determined it was more likely than not the deferred tax assets would not be realized as of June 30, 2019.



A
reconciliation of income taxes at the federal statutory rate to amounts provided for the nine months ended June 30, 2019 and 2018
is as follows:

|                            |  | 2019 |     |    | 2018 | 
|--------------------------- |  | ---- | --- | -- | ---- | 
|U.S. federal statutory rate |  |      | 21  | %  |      | 
|Net operating loss          |  |      | (21 | )% |      | 



|Liberated                 |  |      |            |   |      |  
|------------------------- |  | ---- | ---------- | - | ---- | -
|                          |  |      |            |   |      |  
|Tax Loss                  |  |      |            |   |      |  
|                          |  |      |            |   |      |  
|                          |  | 2019 |            |   | 2018 |  
|Book income(loss)         |  | $    | (303,863   | ) |      | $
|Stock based compensation  |  | $    | -          |   |      | $
|Intangibles amortization  |  | $    | -          |   |      | $
|Total Book Income         |  | $    | (303,863   | ) |      | $
|                          |  |      |            |   |      |  
|Adjustments               |  |      |            |   |      |  
|option discount           |  |      |            |   |      | $
|Meals & entertainment     |  | $    | 3,046      |   |      | $
|                          |  |      |            |   |      |  
|Taxable Income Loss       |  | $    | (300,817   | ) |      | $
|                          |  |      |            |   |      |  
|Beginning NOL             |  | $    | (1,066,526 | ) |      | $
|Add current income (Loss) |  | $    | (300,817   | ) |      | $
|NOL carry Forward         |  | $    | (1,367,343 | ) |      | $
|Percent                   |  |      | 0.21       |   |      |  
|Tax NOL                   |  | $    | (287,142   | ) |      | $





Based
on the recent change in corporation tax rates the Company calculated the deferred tax asset for the nine months ended June 30,
2019 at 21%.



NOTE
10- SUBSEQUENT EVENT



Management
evaluated subsequent events through the issuance date of the financial statements. On July 8, the Company filed for a reverse
split of its common shares at one post-split share for each 25,000 pre-split shares outstanding.



14







ITEM
2: MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS



FORWARD
LOOKING INFORMATION



This
section and other parts of this Form 10-Q quarterly report includes “forward-looking statements”, that involves risks
and uncertainties. All statements other than statements of historical facts, included in this Form 10-Q that address activities,
events, or developments that we expect or anticipate will or may occur in the future, including such things as future capital
expenditures (including the amount and nature thereof), business strategy and measures to implement strategy, competitive strength,
goals, expansion and growth of our business and operations, plans, references to future success, reference to intentions as to
future matters, and other such matters are forward-looking statements. In some cases, you can identify forward-looking statements
by terminology such as “may,” “will,” “should,” “expects,” “plans,”
“anticipates,” “believes,” “estimates,” “predicts,” “potential,” or
“continue,” or the negative of such terms or other comparable terminology. These statements are only predictions.
Actual events or results may differ materially. These statements are based upon certain assumptions and analyses made by us in
light of our experience and our perception of historical trends, current conditions and expected future developments as well as
other factors that we believe are appropriate in the circumstances. However, whether actual results and developments will conform
to our expectations and predictions is subject to a number of risks, uncertainties, and other factors, many of which are beyond
our control.



Although
we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results,
levels of activity, performance, or achievements. Moreover, we do not assume responsibility for the accuracy and completeness
of such forward-looking statements. We are under no duty to update any of the forward-looking statements after the date of this
report to conform such statements to actual results.



Overview



Liberated
Solutions, Inc (formally Go Eco Group and Liberated Energy), Inc. is a Nevada corporation formed on September 14, 2011. We were
incorporated as Mega World Food Holding Company for the purpose of selling frozen vegetable products in all areas of the world
except China.



On
January 19, 2013, pursuant to a Common Stock Purchase Agreement, dated January 7, 2013, Perpetual Wind Power Corporation, a privately
held corporation formed under the laws of the State of Delaware on July 1, 2010, acquired 24,500,000 non-registered shares of
the Company from its shareholders, thereby owning 24,500,000 out of a total of 25,000,000 issued and outstanding shares of the
Company. Thereafter, the Company acquired from Perpetual Wind Power Corporation its patented wind and solar powered turbine technology
for 2,500,000 newly issued shares of the Company which were distributed in a dividend to its shareholders and Perpetual Wind Power
Corporation returned to treasury its 24,500,000 shares it acquired from the Company’s shareholders. As a result of this
transaction, the Company had on January 19, 2013, 3,000,000 shares issued and outstanding. On February 14, 2013, the Company changed
its name from Mega World Food Holding Company to Liberated Energy, Inc. and underwent a 24 for 1 stock split, whereby the Company’s
outstanding shares increased from 3,000,000 to 72,000,000.



On
February 4, 2015 the Company increased their number of authorized preferred shares from 10,000,000 to 100,000,000 and authorized
common shares from 250,000,000 to 900,000,000.



On
July 6, 2016, the Company affected a 1-for-3,500 reverse split of the Company’s common stock.



On
September 14, 2016, the Company entered into an agreement with Ron Knori (Kroni) Owner of EcoCab Portland, LLC by which the Company
will required all outstanding ECGLLC membership interest for a 20% non-dilutive interest of the outstanding shares of the Company
with the first closing of the agreement. The foregoing agreement was amended on October 11, 2016 and the Company also entered
into an Addendum to the amended agreement. The foregoing agreement and transaction described therein has not been completed as
of the date of this report and there is no assurance that the transaction will ever be completed and the Company is contemplating
rescinding the agreement and initiating suit against Knori.



15







On
January 27, 2017, the Company reduced the authorized shares of common stock from 10,000,000,000 to 2,000,000,000 and changed the
name from Liberated Energy, Inc to The Go Eco Group.



The
Company had advanced Eco Cab $197,520 as part of the agreement. As the closing, has not incurred, due to the failure of EcoCab
meeting the agreement requirements, the Company has treated the advances as receivables due the Company with a balance due to
the Company as of December 31, 2017 of $43,324.



On
December 26, 2018 the Company filed an amendment with the Secretary of State of Nevada increasing the authorized shares to 6,000,000,000
from 2,000,000,000 shares of common stock with a par value of $0.001. The authorized shares of preferred shares remained at 10,000,000
with a par value of $0.001



Results
of Operations



Revenue



During
the three and nine months periods ended June 30, 2019 and 2018 the Company had no revenue.



Operation
and Administrative Expenses



During
the three and nine months periods ended June 30, 2019 the Company incurred general and administrative expense of $130,386 and
$265,341 compared to $208,971 and $722,988 in the same period in 2018. Lower quarter costs in the period ending June 30, 2019
over the same period in 2018 was attributed to a zero stock based compensation in 2019 compared to $357,225 in 2018.



Other
Income (Expense)



During
the three and nine months periods ended June 30, 2019 the Company incurred other expense of $17,724 and $38,522 compared to other
expense of $203,236 and $208,151 in the same periods in 2018. The lower amounts in 2019 is attributable to higher interest in
2018 over the same periods in 2019.



Net
Loss



The
net loss for the three and nine months periods ended June 30, 2019 was $148,110 and $303,863 compared to $412,207 and $931,139
for the same period in 2018, respectively. The decrease in loss is attributable to stock based compensation in 2018 of $345,224
compared to no stock based compensation in 2019.



Liquidity
and Capital Resources



The
Company has current assets of $4,037 and current liabilities of $795,828 resulting in negative working capital of $791,791. This
compares to negative working capital of $731,983 for the period ended September 30, 2018. The increase in negative working capital
to June 30, 2019 is attributed to continual losses in 2019.



Funds
used in operating activities was $225,690 for the nine months period ended June 30, 2019 compared to funds used of $268,955 for
the same period in 2018. The effect of the change in accounts payable, stock based compensation and accrued expenses attributed
to the change between the two periods.



Funds
provided by financing activities for the nine months period ended June 30, 2019 was $211,749 compared to $322,000 for the same
period in 2018. The Company issued convertible debt for its financing activity in 2018 for $297,000 and $186,749 in 2019. The
Company received $25,000 in 2017 as a loan from the newly formed joint venture. The joint venture was terminated and the amount
was recorded against paid in capital in 2019.



16







Off-Balance
Sheet Arrangements



The
Company does not have any relationships with un entities or financial partnerships, such as entities often referred to as structured
finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet financial
arrangements.



ITEM
3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK



Market
risk is the risk of loss from adverse changes in market prices and rates. The Company’s market risk arises primarily from
the fact that the area in which we do business is highly competitive and constantly evolving. The market in which we do business
is highly competitive and constantly evolving. We face competition from the larger and more established companies, from companies
that have greater resources, including but not limited to, more money, and greater ability to expand their markets also cut into
our potential customers. Many of our competitors have longer operating histories, significantly greater financial strength, nationwide
advertising coverage and other resources that we do not have.



ITEM
4: CONTROLS AND PROCEDURES



Evaluation
of Disclosure Controls and Procedures



Based
on their evaluation of our disclosure controls and procedures(as defined in Rule 13a-15e under the Securities Exchange Act of
1934 the “Exchange Act”), our principal executive officer and principal financial officer have concluded that as of
the end of the period covered by this quarterly report on Form 10-Q such disclosure controls and procedures were not effective
due to the lack of segregation of duties and lack of a formal review process that includes multiple levels of review to ensure
that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed,
summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms because of the
identification of a material weakness in our internal control over financial reporting which we view as an integral part of our
disclosure controls and procedures. The material weakness relates to the lack of segregation of duties in financial reporting,
as our financial reporting and all accounting functions are performed by an external consultant with no oversight by a professional
with accounting expertise. Our CEO /CFO do not possess accounting expertise and our company does not have an audit committee.
This weakness is due to the company’s lack of working capital to hire additional staff. To remedy this material weakness,
we intend to engage another accountant to assist with financial reporting as soon as our finances will allow.



Changes
in Internal Control over Financial Reporting



Except
as noted above, there have been no changes in our internal control over financial reporting identified in connection with the
evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during our nine months period ended
June 30, 2019 that have materially affected, or are reasonably likely to materially affect, our internal control over financial
reporting.



PART
II - OTHER INFORMATION



ITEM
1: LEGAL PROCEEDINGS



None



ITEM
2: UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS



During
the nine months ended June 30, 2019 the Company issued 2,849,757,719 shares of common stock with a value of $219,055 for convertible
debt and accrued interest.



These
securities were issued pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended pursuant
to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder since,
among other things, the transactions did not involve a public offering.



17







ITEM
3: DEFAULT UPON SENIOR SECURITIES



None



ITEM
4: MINE SAFETY DISCLOSURES



Not
Applicable.



ITEM
5: OTHER INFORMATION



None



ITEM
6. EXHIBITS – THIS SHOULD INCLUDE ALL DOCUMENTS THAT ARE MATERIAL AND OPERATION – ARTICLES OF INCORPORATION, BYLAWS,
CONTRACTS, ETC.



|EXHIBIT
    INDEX
|-----------------
|                 
|                 
|                 
|Exhibit          
|Number           
|                 
|31.1             
|                 
|32.1             
|                 
|101.INS*         
|                 
|101.SCH*         
|                 
|101.CAL*         
|                 
|101.DEF*         
|                 
|101.LAB*         
|                 
|101.PRE*         



*
Pursuant to Rule 406T of Regulation S-T, these interactive date files are deemed not filed or part of the registration statement
or prospectus for purposes of Sections 11 and 12 of the Securities Act of 1933 or Section 18 of the Securities Act of 1934 and
otherwise are not subject to liability.





18







SIGNATURES



Pursuant
to the requirements of Section 13 or 15(d) of the Securities Act of 1934, the registrant has duly caused this amended report to
be signed on its behalf by the undersigned, thereunto duly authorized.



|                          | LIBERATED
    SOLUTIONS, INC
|------------------------- | ----------------------------
|Date:
    August 19, 2019 |                             
|                          | By:                         
|                          |                             
|                          |                             



19