SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q



(Mark One)

xQUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the quarterly period ended September
30, 2013



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 000-54545



IIM GLOBAL CORPORATION

(Exact name of registrant as specified in
its charter)



SILVERWOOD ACQUISITION CORPORATION

(Former Name of Registrant as Specified
in its Charter)



|Delaware                                                               | 00-0000000                          
|---------------------------------------------------------------------- | ------------------------------------
|(State or other jurisdiction of
        incorporation or organization) | (I.R.S. Employer Identification No.)





160
E. Lake Brantley Drive

Longwood,
Florida 32779

(Address of principal
executive offices) (zip code)



407-674-2651

(Registrant's
telephone number, including area code)



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.

xYes ̈No



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





| | Large Accelerated filer ̈ | Accelerated filer    ̈       | 
| | ------------------------ | --------------------------- | 
| | Non-accelerated filer ̈   | Smaller reporting company x | 





(do not check if smaller reporting company)





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



Yes  ̈ No x





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



|Class                               | Outstanding
    at November 19, 2013
|----------------------------------- | ------------------------------------
|Common Stock, par
    value $0.0001 | 160,623,289 shares                  



Documents incorporated by reference:	                               None











FINANCIAL STATEMENTS



|Condensed Consolidated Balance Sheets as of September 30, 2013 (unaudited) and December 31, 2012                            | 1  
|--------------------------------------------------------------------------------------------------------------------------- | ---
|                                                                                                                            |    
|Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2013 and 2012 (unaudited) | 2  
|                                                                                                                            |    
|Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2013 and 2012 (unaudited)           | 3  
|                                                                                                                            |    
|Not Notes to Condensed Financial Statements (unaudited)                                                                     | 4-8











IIM GLOBAL CORP.

(FORMERLY SILVERWOOD ACQUISITION CORPORATION)

CONDENSED CONSOLIDATED BALANCE SHEETS

|                                                                                                                                                                        |  | September 30, |            |   | December 31, |  
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ------------- | ---------- | - | ------------ | -
|                                                                                                                                                                        |  | 2013          |            |   | 2012         |  
|                                                                                                                                                                        |  | (Unaudited)   |            |   |              |  
|ASSETS                                                                                                                                                                  |  |               |            |   |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Current Assets                                                                                                                                                          |  |               |            |   |              |  
|Cash                                                                                                                                                                    |  | $             | 2,849      |   |              | $
|Accounts receivable                                                                                                                                                     |  |               | -          |   |              |  
|Total Current Assets                                                                                                                                                    |  |               | 2,849      |   |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Property and equipment, net                                                                                                                                             |  |               | 43,381     |   |              |  
|Intangible, net                                                                                                                                                         |  |               | 383,558    |   |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Total Assets                                                                                                                                                            |  | $             | 429,789    |   |              | $
|                                                                                                                                                                        |  |               |            |   |              |  
|LIABILITIES AND STOCKHOLDERS' EQUITY                                                                                                                                    |  |               |            |   |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Current Liabilities                                                                                                                                                     |  |               |            |   |              |  
|Accounts payable and accrued expenses                                                                                                                                   |  | $             | 108,579    |   |              | $
|Due to related parties                                                                                                                                                  |  |               | 43,002     |   |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Total Current Liabilities                                                                                                                                               |  |               | 151,580    |   |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Commitments and contingencies                                                                                                                                           |  |               |            |   |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Stockholder's Equity                                                                                                                                                    |  |               |            |   |              |  
|Common stock, 300,000,000 shares authorized $0.0001 par value, 159,803,812 and 97,200,000 shares issued and outstanding at September 30, 2013 and December 31, 2012 (*) |  |               | 16,062     |   |              |  
|Common stock subscribed                                                                                                                                                 |  |               | -          |   |              |  
|Additional paid-in capital                                                                                                                                              |  |               | 1,604,326  |   |              |  
|Accumulated deficit                                                                                                                                                     |  |               | (1,342,180 | ) |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Total Stockholder's Equity                                                                                                                                              |  |               | 278,209    |   |              |  
|                                                                                                                                                                        |  |               |            |   |              |  
|Total Liabilities and Stockholders' Equity                                                                                                                              |  | $             | 429,789    |   |              | $



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



1







IIM GLOBAL CORP.

(FORMERLY SILVERWOOD ACQUISITION CORPORATION)

CONDENSED CONSOLIDATED STATEMENTS OF
OPERATIONS



|                                                |  | Three Months Ended |            |   | Nine Months Ended |  
|----------------------------------------------- |  | ------------------ | ---------- | - | ----------------- | -
|                                                |  | September 30,      |            |   | September 30,     |  
|                                                |  | 2013               |            |   | 2012              |  
|                                                |  | (Unaudited)        |            |   |                   |  
|Revenues:                                       |  |                    |            |   |                   |  
|Product revenues                                |  | $                  | -          |   |                   | $
|Support and maintenance revenues                |  |                    | -          |   |                   |  
|Total Revenues                                  |  |                    | -          |   |                   |  
|                                                |  |                    |            |   |                   |  
|Cost of Goods Sold                              |  |                    | -          |   |                   |  
|                                                |  |                    |            |   |                   |  
|Gross Profit                                    |  |                    | -          |   |                   |  
|                                                |  |                    |            |   |                   |  
|Operating Expenses                              |  |                    |            |   |                   |  
|Depreciation and amortization                   |  |                    | 11,186     |   |                   |  
|Research and development                        |  |                    | 43,000     |   |                   |  
|General and administrative                      |  |                    | 240,533    |   |                   |  
|                                                |  |                    | 294,719    |   |                   |  
|                                                |  |                    |            |   |                   |  
|(Loss)/Income from operations                   |  |                    | (294,719   | ) |                   |  
|                                                |  |                    |            |   |                   |  
|Other Income                                    |  |                    |            |   |                   |  
|Gain on forgiveness of payroll liabilities      |  |                    | -          |   |                   |  
|                                                |  |                    | -          |   |                   |  
|                                                |  |                    |            |   |                   |  
|(Loss)/income before income taxes               |  |                    | (294,719   | ) |                   |  
|                                                |  |                    |            |   |                   |  
|Income taxes                                    |  |                    | -          |   |                   |  
|                                                |  |                    |            |   |                   |  
|Net (loss)/Income                               |  | $                  | (294,719   | ) |                   | $
|                                                |  |                    |            |   |                   |  
|(Loss)/earnings per share - basic and diluted   |  | $                  | (0.00      | ) |                   | $
|Weighted average shares - basic and diluted (*) |  |                    | 97,200,000 |   |                   |  



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



2







IIM GLOBAL CORP.

(FORMERLY SILVERWOOD ACQUISITION CORPORATION)

CONDENSED CONSOLIDATED STATEMENTS OF
CASH FLOWS

(UNAUDITED)



|                                                                                                   |  | Nine Months Ended |         
|-------------------------------------------------------------------------------------------------- |  | ----------------- | --------
|                                                                                                   |  | September 30,     |         
|                                                                                                   |  | 2013              |         
|OPERATING ACTIVITIES:                                                                              |  |                   |         
|Net (loss)/income                                                                                  |  | $                 | (827,684
|Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: |  |                   |         
|Share based compensation                                                                           |  |                   | -       
|Depreciation and amortization expense                                                              |  |                   | 33,102  
|Changes in assets and liabilities:                                                                 |  |                   |         
|Accounts receivable                                                                                |  |                   | 117,924 
|Accounts payable and accrued expenses                                                              |  |                   | 333,562 
|Due to related parties                                                                             |  |                   | 29,442  
|                                                                                                   |  |                   |         
|Net cash (used in)/provided by operating activities                                                |  |                   | (313,653
|                                                                                                   |  |                   |         
|INVESTING ACTIVITIES:                                                                              |  |                   |         
|Loan receivable                                                                                    |  |                   | -       
|Investment in intangible assets                                                                    |  |                   | (216,217
|                                                                                                   |  |                   |         
|Net cash used in investing activities                                                              |  |                   | (216,217
|                                                                                                   |  |                   |         
|FINANCING ACTIVITIES:                                                                              |  |                   |         
|Proceeds from issuance of common stock                                                             |  |                   | -       
|Common stock subscribed                                                                            |  |                   | 515,000 
|Additional contributed capital                                                                     |  |                   | -       
|                                                                                                   |  |                   |         
|Net cash provided by financing activities                                                          |  |                   | 515,000 
|                                                                                                   |  |                   |         
|Net (decrease)/increase in cash                                                                    |  |                   | (14,869 
|                                                                                                   |  |                   |         
|CASH AT BEGINNING OF PERIOD                                                                        |  |                   | 17,718  
|                                                                                                   |  |                   |         
|CASH AT END OF PERIOD                                                                              |  | $                 | 2,849   
|                                                                                                   |  |                   |         
|NON-CASH INVESTING AND FINANCING ACTIVITIES:                                                       |  |                   |         
|Stock issued to settle payroll liabilities                                                         |  | $                 | 310,454 



3







NOTE 1 – DESCRIPTION OF BUSINESS
AND MERGER



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



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



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



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



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



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



NOTE 2 – REVERSE MERGER ACCOUNTING



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



NOTE 3 – BASIS OF PRESENTATION
AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



Condensed Consolidated Financial
Statements



The accompanying unaudited condensed
consolidated financial statements primarily reflect the financial position, results of operations and cash flows of Innovation
in Motion (as discussed above). The accompanying unaudited condensed consolidated financial statements of Innovation in Motion
have been prepared in accordance with GAAP for interim financial information and pursuant to the instructions to Form 10-Q and
Article 10 of Regulation S-X of the Securities and Exchange Commission. Accordingly, these interim financial statements do not
include all of the information and footnotes required by GAAP for annual financial statements. In the opinion of management, all
adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included.
Operating results for the nine months ended September 30, 2013 are not necessarily indicative of the results that may be expected
for the year ending December 31, 2013, or for any other period.



Use of Estimates



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



Concentration of Credit Risk



The Company’s financial instruments
that potentially expose the Company to a concentration of credit risk consist of cash, accounts payable, accrued expense and a
related party payable. The Company’s cash is deposited at a financial institution and insured by the Federal Deposit Insurance
Corporation (“FDIC”). At various times during the year, the Company may have exceeded this amount insured by the FDIC.



4







Income Taxes



The Company accounts for income taxes under
Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 740 “Income Taxes.”Under
the asset and liability method of FASB ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences
attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective
tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the
years in which those temporary differences are expected to be recovered or settled. Under FASB ASC 740, the effect on deferred
tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance
is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through
future operations.



Property and Equipment, net



Property and equipment consisted of furniture
and fixtures and computer equipment, and are stated at cost. Property and equipment are depreciated using the straight-line method
over the estimated service lives of three years. Maintenance and repairs are expensed as incurred and improvements are capitalized.
Gains or losses on the disposition of property equipment are recorded upon disposal. All property and equipment were purchased
by one of the Company’s officers and shareholder and were recorded as additional capital contribution in the accompanying
balance sheet. Depreciation expense amounted to $16,111 for the nine month periods ended September 30, 2013 and 2012.



Intangible Assets



Acquired intangible assets are amortized
over their useful lives unless the lives are determined to be indefinite. Acquired intangible assets are carried at cost, less
accumulated amortization. Amortization of finite-lived intangible assets is computed over the useful lives of the respective assets.
The Company amortizes intangible assets over ten years. Amortization expense amounted to $16,991 and $15,399 for the nine month
periods ended September 30, 2013 and 2012, respectively.



Impairment of Long-Lived Assets



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



If the carrying amount of an asset exceeds
its undiscounted estimated future cash flows, an impairment review is performed. An impairment charge is recognized in the amount
by which the carrying amount of the asset exceeds the fair value of the asset. Assets to be disposed of would be separately presented
in the balance sheet and reported at the lower of the carrying amount or fair value less costs to sell, and are no longer depreciated.
The assets and liabilities of a disposed group classified as held for sale would be presented separately in the appropriate asset
and liability sections of the balance sheet. For the nine month periods ended September 30, 2013 and 2012, there were no impairment
charges.



Revenue Recognition



We recognize revenue for our services when
each of the following four criteria is met: persuasive evidence of an arrangement exists; delivery has occurred or services have
been rendered; the seller’s price to the buyer is fixed or determinable; and collectability is reasonably assured. During
the second half of fiscal year 2012, Innovation In Motion entered into an agreement to provide biometric verification solutions
for the “Ghana 2012 Election”, in connection with this agreement, the Innovation In Motion entered into another agreement
to outsource the manufacturing of the hardware component (handheld devices). The manufacturer of the handheld devices also covers
the warranty on any defective units for a period of twelve months. All services requested under the Ghana 2012 Election project
were delivered and accepted in 2012 and management does not expect any future commitment or involvement and accordingly all revenues
and related costs related to this agreement were recorded during the first half of the year ended December 31, 2012. There were
no revenues recognized during the nine months ended September 30, 2013.



Net Loss per Common Share



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



Fair Value Measurements



ASC 820, “Fair Value Measurements”,
requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to
measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level
of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to
measure fair value: Level 1, defined as observable inputs such as quoted prices in active markets for identical assets or liabilities;
Level 2, inputs other than level one that are either directly or indirectly observable such as quoted prices for identical or similar
assets or liabilities on markets that are not active; and Level 3, defined as unobservable inputs in which little or no market
data exists, therefore requiring an entity to develop its own assumptions. The Company had no assets or liabilities required to
be recorded at fair value on a recurring basis at September 30, 2013 and December 31, 2012.



Share-Based Payment Arrangements



Generally,
all forms of share-based payments, including stock option grants, restricted stock grants and stock appreciation rights are measured
at their fair value on the awards’ grant date, based on the estimated number of awards that are ultimately expected to vest.
Share-based compensation awards issued to non-employees for services rendered are recorded at either the fair value of the services
rendered or the fair value of the share-based payment, whichever is more readily determinable. The expenses resulting from share-based
payments are recorded in operating expenses in the statement of operations.



5







Recent Accounting Pronouncements



Adopted



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



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



Not
Adopted



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



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



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





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



NOTE 4 – INTANGIBLE ASSETS



Intangible assets consist of the following
as of September 30, 2013 and December 31, 2012:



|                  |  | September 30, 2013 |         |   | December 31, 2012 |  
|----------------- |  | ------------------ | ------- | - | ----------------- | -
|                  |  |                    |         |   |                   |  
|HDR               |  | $                  | 143,648 |   |                   | $
|SRIO              |  |                    | 98,878  |   |                   |  
|Software          |  |                    | 200,000 |   |                   |  
|                  |  |                    | 442,526 |   |                   |  
|Less amortization |  |                    | (58,968 | ) |                   |  
|                  |  |                    |         |   |                   |  
|                  |  | $                  | 383,558 |   |                   | $



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



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



6







NOTE 5 – ACCOUNTS PAYABLE AND
ACCRUED EXPENSES



Accounts payable and accrued expenses consist
of the following as of September 30, 2013 and December 31, 2012:



|                            |  | June 30, 2013 |         |  | December 31, 2012 |  
|--------------------------- |  | ------------- | ------- |  | ----------------- | -
|                            |  |               |         |  |                   |  
|Accounts payable            |  | $             | 34,929  |  |                   | $
|Payroll related liabilities |  |               | 73,650  |  |                   |  
|Other current liabilities   |  |               | –       |  |                   |  
|                            |  |               |         |  |                   |  
|                            |  | $             | 108,579 |  |                   | $



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



On June 30, 2013, the Company entered into
a new agreement with the two officers whereby an amount of $167,640 of the deferred payment liability was converted to Company’s
common stock at a price of $0.25 which resulted in the issuance of 670,562 pre-merger common shares. Additionally, one officer
forgave the remaining portion of his deferred payment of $128,456 which resulted in the Company recording a gain on forgiveness
of payroll liabilities for the same amount in the accompanying statement of operations during the nine months ended June 30, 2013.





On September 30, 2013, the Company issued
a total of 460,390 common shares to two shareholders to settle approximately $115,000 of accrued liabilities that was owed to
these shareholders. Additionally one officer forgave the portion of his payment of salary and bonuses for the period July 1, 2013
through September 30, 2013.



NOTE 6 – RESEARCH AND DEVELOPMENT



On April 1, 2013, the Company
entered into an engineering contract for the hardware and software development of our next generation HDR device called the HDR+.
 The device is to be used by government and enterprise customers to capture all forms of machine readable data as well as
the facial and fingerprint biometric information of persons. The total development costs for HDR+ will amount to $430,000. As of
September 30, 2013, the Company has paid $43,000 in cash which has been recorded as research and development expense.



NOTE 7 – STOCK OPTIONS



There were no unvested compensation
or new stock options granted, exercised or expired during the period ended September 30, 2013.



NOTE 8–STOCKHOLDER’S
EQUITY (DEFICT)



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



On June 30, 2013, the Company
issued 670,562 pre-merger common shares to two officers in settlement of $167,640 of accrued payroll liabilities at a conversion
price of $0.25 per share. Additionally, 100,000 pre-merger common shares were issued to one officer in connection with a deferred
payment agreement and were recorded as share based compensation under general and administrative expenses in the accompanying statement
of operations.



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



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



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



As of September 30, 2013, the
Company has no preferred shares authorized.



7







NOTE 9–COMMITMENTS AND
CONTINGENCIES



Operating Leases



The Company subleases its facility under
a month-to-month operating lease from a tenant that is affiliated with a principal shareholder. The sublease expires in January
2017. Rent expense amounted to $55,160 and $0 during the nine month periods ended September 30, 2013 and 2012, respectively.



Executive Compensation



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





On June 30, 2013, the Company officer
agreed to forgive his deferred and accrued salary amounted to $128,456 that was entitled to him under the employment agreement
for the period from January to June 2013. Additionally one officer forgave the portion of his payment of salary and bonuses for
the period July 1, 2013 through September 30, 2013. (see Note 5).



Legal Matters



From time to time, claims are made against
the Company in the ordinary course of business, which could result in litigation. Claims and associated litigation are subject
to inherent uncertainties and unfavorable outcomes could occur, such as monetary damages, fines, penalties or injunctions prohibiting
the Company from selling one or more products or engaging in other activities. The occurrence of an unfavorable outcome in any
specific period could have a material adverse effect on the Company’s results of operations for that period or future periods.
The Company is not presently a party to any pending or threatened legal proceedings.



NOTE 10–SUBSEQUENT EVENTS



8









ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS



On
August 12, 2013, the Company acquired Innovation in Motion Inc., a private Florida corporation in a stock-for-stock transaction
(the “Acquisition”). Pursuant to which 156,603,323 shares of the Company’s common stock were exchanged for all
the outstanding stock of Innovation in Motion, Inc. Innovation in Motion operatesin two technology fields: the handheld
identification market and mobile payment market. Innovation In Motion, Inc. brought a range of state-of-the-art products in these
fields and has begun market penetration with the sale and placement of units.



Innovation in Motion
is a wholly owned subsidiary of the Company and through which the Company has a range of state-of-the-art
products inthe handheld identification market and mobile payment market.



Revenues



As of September
30, 2013, IIM Global had not generated revenues but with the Acquisition of Innovation In Motion, Inc., the Company has had income
from operations of $7,704,317 since inception. As of September 30, 2013, IIM Global had an accumulated net loss of $294,719.



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



Business



Prior to the Acquisition,
the Company had no significant business, operations or plan. Accordingly, the business of the Company below is that of Innovation
in Motion, which the Company acquired in the Acquisition.



Since
its inception, Innovation in Motion has providedhandheld mobile biometric devices which are used primarily by government
and law enforcement agencies to capture and process the unique characteristics of individuals to verify their identities. Additionally,
Innovation in Motion has introduced a new highly secured biometric wallet device to store personal data including credit card and
banking information to be used in a variety of transactions. Innovation in Motion Company has a business
focus in the identification, security and mobile payment businesses and it had its technology used during the election process
in Ghana, Africa.



The Company has developed
a highly cost effective and unique handheld “Configurable Intelligent Accessory” platform called HDR for the identification
market. This platform is designed to compliment, not replace, existing communications and computing products utilized in this market
by providing a configurable machine-readable input and secure data processing and storage intelligent accessory. By being an open
platform solution and not a closed architecture product the HDR Accessory becomes the enabling platform for thousands of applications
and applications developers. The currently developed platform supports the following operating systems: Windows CE; and Linux.



The Company’s
platform also contains the back-end software solutions to provide direct interfaces to customer AFIS (Automatic Fingerprint Identification
Systems) and various other demographic databases. In addition, the Company has developed an HDR asset manager software solution
that allows for the management of the HDR pairing and end user issuance process from small to nationwide institutions or organizations.
The two software elements developed are: gateway server; and asset manager server.



One of the biggest
advantages of this platform approach is that a single product can support a wide variety of vertical markets, such as border control,
public safety, enterprise security and asset management, voter registration, sea ports, small business inventory management, military
and banking (identity verification). The product development strategy is two-prong in nature: to develop platforms not products
that support open standards for application content; and to facilitate continuous improvement in quality and reduced manufacturing
cost.



In 2012, the Company
added the capabilities to support a color display and optical fingerprint scanner. In the future, the Company plans to leverage
its new and previous platforms in the development of the HDR+, the world’s first fully Android OS powered Intelligent Accessory
used for machine readable input and secure data processing and storage.



In addition to the
HDR+ platform, the Company has completed the engineering design requirements documentation and engineering feasibility analysis
for its Biometric Wallet platform called SRIO. The SRIO is a small, Android OS powered biometric wallet that is a standalone device
capable of meeting PCI compliance requirements for the secure storage and processing of credit card transactions using NFC technology
coupled with the fingerprint authentication of the user. The Company is in the process of bringing this product to market. Once
introduced into the market, the Company is hopeful that the SRIO will be successful in facilitating fast mobile payments.



The SRIO can be utilized
in open and closed payment platforms, and there is no need to partner with mobile operators, phone manufacturers or others in order
to implement the solutions. The SRIO also stores all credit/loyalty/membership/cards on the device, so a user’s information
is readily accessible at all times. With use of the SRIO, a user can instantly and conveniently make payments on-the-go.





9







Results of Operations



Through
September 30, 2013 and since inception in September 2011, the Company has incurred approximately $12,000 in organizational, legal,
accounting and other going public related costs and $43,000 in Research and Development expenses.



Off-Balance Sheet Arrangements



The
Company has no off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition,
changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources
that is deemed by our management to be material to investors.



Recent Accounting Policies



The
recent material accounting policies that may be the most critical to understanding of the financial results and conditions are
discussed in Note 3 of the unaudited condensed financial statements.



ITEM 3. QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK.



Information not required to be
filed by Smaller Reporting Companies.



ITEM
4. CONTROLS AND PROCEDURES.



Evaluation of Disclosure Controls
and Procedures.



Pursuant
to Rule 13a-15(b) under the Securities Exchange Act of 1934 ("Exchange Act"), the Company's management, under the supervision
and with the participation of the Chief Operating Officer, who is also the executive principal officer and Chief Financial Officer,
has evaluated the effectiveness of the Company's disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange
Act) as of September 30, 2013, the end of the period covered by this Quarterly Report on Form 10-Q.



Based
upon that evaluation, the Chief Operating Officer and Chief Financial Officer concluded that, as of September 30, 2013, the disclosure
controls and procedures were not effective. Disclosure controls and procedures means controls and other procedures that are designed
to ensure that information required to be disclosed by the Company in the reports it files or submits under the Exchange Act is
recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules
and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information
required to be disclosed by the Company in the reports that it files or submits under the Exchange Act is accumulated and communicated
to management, including the principal executive and principal financial officer, as appropriate to allow timely decisions regarding
required disclosure.



The Company's
management has identified material weaknesses in its internal control over financial reporting related to the following matters:



A lack
of sufficient segregation of duties. Specifically, this material weakness is such that the design over these areas relies primarily
on defective controls and could be strengthened by adding preventative controls to properly safeguard company assets.



A
lack of sufficient personnel in the accounting function due to the Company's limited resources with appropriate skills, training
and experience to perform certain tasks as it relates to financial reporting.



The Company's plan to remediate
those material weaknesses remaining is as follows:



Improve
the effectiveness of the accounting group by continuing to augment existing resources with additional consultants or employees
to improve segregation procedures and to assist in the analysis and recording of complex accounting transactions. The Company plans
to mitigate the segregation of duties issues by hiring additional personnel in the accounting department once it generates significantly
more revenue, or raises significant additional working capital.



Improve
segregation procedures by strengthening cross approval of various functions including quarterly internal audit procedures where
appropriate.



Changes in Internal Control
Over Financial Reporting



There
was no change in the Company's internal control over financial reporting that was identified in connection with such evaluation
that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect,
the Company's internal control over financial reporting.





10







PART II



ITEM 1. LEGAL PROCEEDINGS



There are
no pending, threatened or actual legal proceedings in which the Company or any subsidiary is a party.



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



All shares
of common stock issued by the Company have been issued pursuant to an exemption from registration under Section 4(2) of the Securities
Act of 1933, as amended, as transactions by an issuer not involving any public offering.



During the past two years, the
Company has issued the following common shares pursuant to Section 4(2) of the Securities Act of 1933:



On September
21, 2011 the Company issued 20,000,000 shares to two shareholders of which 19,500,000 were redeemed on December 20, 2012at an aggregate
redemption price of $1,950.



On December 21,
2012, the Company issued 1,000,000 shares of common stock to David S. Jones as part of the change in control.



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



On August 12, 2013,
the Company issued 156,603,323 shares of common stock to Innovation in Motion Inc. in exchange for the 97,970,562 outstanding shares
and interests of Innovation in Motion.



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



ITEM 3. DEFAULTS UPON SENIOR
SECURITIES



Not applicable.



ITEM 4. SUBMISSION OF MATTERS
TO A VOTE OF SECURITY HOLDERS



There were no matters submitted
to a vote of the security holders during the quarter covered by this report.



ITEM 5. OTHER INFORMATION



(a) Not applicable.

(b) Item 407(c)(3) of Regulation
S-K:



During the quarter covered by
this Report, there have not been any material changes to the procedures by which security holders may recommend nominees to the
Board of Directors.



ITEM 6. EXHIBITS



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





11







SIGNATURES



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





|IIM GLOBAL CORPORATION   |                                
|------------------------ | -------------------------------
|                         |                                
|                         | By: /s/ David S. Jones         
|                         | President,                     
|                         | Principal executive officer and
|                         | Principal financial officer    
|                         |                                
|Dated: November 25, 2013 |