UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-Q



(Mark
One)

[x]     Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly
period endedMarch 31, 2014.



[ ]     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: 333-17627



SKAJAQUODA
GROUP, INC.

(Exact
name of registrant as specified in its charter)



|Delaware
        (State
        or other jurisdiction of
        incorporation
        or organization) | 45-2117356
        (I.R.S.
        Employer
        Identification
        No.)
|------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------



1204
11th Avenue, Clarkfield, Minnesota, 56223

(Address
of principal executive offices)    (Zip Code)



(302)
504-4448

(Registrant’s
telephone number, including area code)



1001
Society Drive, Claymont, Delaware 19703

(Former
name, former address and former fiscal year, if changes since last report)



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 during
the past 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: Yes [ ]  No [ x ].



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). Yes [x]   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 as defined by Rule 12b-2 of the Exchange Act:



Large
accelerated filer [ ]   Accelerated filer [ ]   Non-accelerated filer [ ]  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.



The
number of shares outstanding of the issuer’s common stock, $0.00001 par value (the only class of voting stock), at May 20,
2014, was 1,000,000.

1









|TABLE
        OF CONTENTS
        PART
        1- FINANCIAL INFORMATION
|-----------------------------------------------------------------------
|Item1.                                                                 
|Item
    2.                                                            
|Item
    3.                                                            
|Item
    4.                                                            
|                                                                       
|Item
    1.                                                            
|Item
    1A.                                                           
|Item
    2.                                                            
|Item
    3.                                                            
|Item
    4.                                                            
|Item
    5.                                                            
|Item
    6.                                                            
|                                                                       



2







PART
I – FINANCIAL INFORMATION



ITEM
1.     FINANCIAL STATEMENTS



As used
herein, the terms “Company,” “we,” “our,” and “us” refer to Skajaquoda Group,
inc., a Delaware corporation, and our subsidiaries and predecessors, unless otherwise indicated. In the opinion of management,
the accompanying unaudited financial statements included in this Form 10-Q reflect all adjustments (consisting only of normal
recurring accruals) necessary for a fair presentation of the results of operations for the periods presented. The results of operations
for the periods presented are not necessarily indicative of the results to be expected for the full year.



|Unaudited
    Consolidated Balance Sheets as of March 31, 2014 and December 31, 2013                                                                                                  | F-1
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---
|Unaudited
    Consolidated Statements of Operations for the three months ended March 31, 2014 and 2013 and for the period from April 29,
    2011 (Inception) through March 31, 2014. | F-2
|Unaudited
    Consolidated Statements of Cash Flows for the three months ended March 31, 2014 and 2013 and for the period from April 29,
    2011 (Inception) through March 31, 2014. | F-3
|Unaudited
    Consolidated Notes to Financial Statements                                                                                                                              | F-4







3









|Skajaquoda
    Group, Inc.                                                    
|------------------------------------------------------------------------------
|(A Development Stage Entity)                                                  
|Consolidated Balance Sheet
    (Unaudited)                                    
|March 31, 2014 and December
    31, 2013                                      
|                                                                              
|                                                                              
|                                                                              
|Assets                                                                        
|Current
    assets                                                            
|Cash
    and cash equivalents                                                 
|Accounts
    receivable                                                       
|Inventory                                                                     
|Total
    current assets                                                      
|Noncurrent
    assets                                                         
|Equity
    Stakes in other companies                                          
|Property,
    plant, and equipment, Net                                       
|Goodwill                                                                      
|Intangible
    Assets                                                         
|Interest
    accrued                                                          
|Loan
    receivable                                                           
|Total
    noncurrent assets                                                   
|Total
    assets                                                              
|                                                                              
|Liabilities
    and Stockholders’ Equity                                      
|Current
    liabilities                                                       
|Current
    income taxes payable                                              
|Deferred
    tax liability                                                    
|Loan                                                                          
|Accounts
    payable                                                          
|Total
    current liabilities                                                 
|Total
    liabilities                                                         
|                                                                              
|Stockholders'
    Equity                                                      
|Common
    stock, $0.00001 par value,                                         
|10,000,000
    shares authorized, 1,000,000                                   
|shares
    issued and outstanding at                                          
|March
    31, 2014 and December 31, 2013                                      
|Additional
    paid-in capital                                                
|Accumulated
    deficit during the development stage                          
|Total
    stockholders’ equity                                                
|                                                                              
|Total
    liabilities and stockholders’ equity                                
|                                                                              
|The accompanying notes
    are an integral part of these financial statements.



F-1









|Skajaquoda
    Group, Inc.                                                    
|------------------------------------------------------------------------------
|(A Development Stage Entity)                                                  
|Consolidated Statement
    Of Operations (Unaudited)                          
|For the three months ended
    March 31, 2014 and 2013                        
|For the periods from April
    29, 2011 (Inception) to March 31, 2014         
|                                                                              
|                                                                              
|                                                                              
|Revenue                                                                       
|Product
    sales                                                             
|Services                                                                      
|Services
    - related party                                                  
|Interest
    income                                                           
|Commission
    income                                                         
|Total
    revenue                                                             
|Cost
    of goods sold                                                        
|Gross
    profit                                                              
|                                                                              
|Expenses                                                                      
|General
    administrative                                                    
|Total
    expenses                                                            
|                                                                              
|Total
    income before income taxes                                          
|Income
    tax expense                                                        
|Deferred
    tax expense                                                      
|Net
    income (loss)                                                         
|                                                                              
|Earnings per share                                                            
|Basic                                                                         
|Diluted                                                                       
|Weighted average common
    shares                                            
|Basic                                                                         
|Diluted                                                                       
|                                                                              
|The accompanying notes
    are an integral part of these financial statements.





F-2









|Skajaquoda
    Group, Inc.                                                    
|------------------------------------------------------------------------------
|(A Development Stage Entity)                                                  
|Consolidated Statement
    Of Cash Flows (Unaudited)                          
|For the three months ended
    March 31, 2014 and 2013                        
|For the periods from April
    29, 2011 (Inception) to March 31, 2014         
|                                                                              
|                                                                              
|Cash flow from operating
    activities                                       
|Net
    income (loss)                                                         
|Adjustments
    to reconcile net income to net cash                           
|provided
    by operating activities:                                         
|Depreciation                                                                  
|Changes
    to Assets and Liabilities:                                        
|Increase
    (Decrease) in accounts receivable                                
|Increase
    (Decrease) in Accounts payable                                   
|Increase
    (Decrease) in Inventory assets                                   
|Increase
    (Decrease) in deferred tax liability                             
|Interest
    Accrued                                                          
|Increase
    (Decrease) in loan                                               
|Net
    cash provided by operating activities                                 
|                                                                              
|Net
    cash provided by investing activities                                 
|Purchase
    of property and equipment                                        
|Purchase
    of Goodwill                                                      
|Acquired
    intangible assets                                                
|Cash
    flow from investing activities                                       
|Issuance
    of loan receivable                                               
|Cash
    flow used in investing activities                                    
|                                                                              
|Cash
    flow from financing activities                                       
|Issuance
    of common stock                                                  
|Payment
    of deferred offering costs                                        
|Proceeds
    from demand loans from related party                             
|Payment
    to demand loans from related party                                
|Cash
    flow provided by financing activities                                
|                                                                              
|Net
    increase in cash and cash equivalents                                 
|                                                                              
|Cash
    and cash equivalents at beginning of period                          
|                                                                              
|Cash
    and cash equivalents at end of period                                
|                                                                              
|Supplemental
    Cash Flow Information                                        
|Interest
    paid                                                             
|Taxes
    paid                                                                
|                                                                              
|The accompanying notes are an integral
    part of these financial statements.





F-3





Skajaquoda
Group, Inc.(A Development Stage Company)

Unaudited
Consolidated Notes to Financial Statements as of March 31, 2014

1.
Incorporation and Operations
Skajaquoda Group Inc. ("Skajaquoda" or the "Company") is domiciled in Delaware, and commenced operations on
April 29, 2011 (Inception). The Company plans to become a registered investment advisor. The company is a licensed metals retailer
in the state of Delaware and started offering the sale and storage of precious metals to its clients. We see this service as a
part of our planned investment management service and allows us to provide our clients with a broader range of investment opportunities.
Based on the Company's business plan, it is a development stage company since planned principle operations have not yet commenced.
Accordingly, the Company has prepared its financial statements in accordance with accounting principles generally accepted in
the United States of America ("GAAP") that apply to developing enterprises. As a development stage entity, the Company
discloses its retained earnings during the development stage and the cumulative statements of operations and cash flows from commencement
of development stage to the current balance sheet date. The development stage began on April 29, 2011, when the Company was organized.
During the quarter ended September 30, 2013, The Skajaquoda Group moved their headquarters from Claymont, Delaware to a much larger
building in Clarkfield, Minnesota. The new headquarters will house Skajaquoda and their research facility. The relocation to a
larger building will be a valuable asset for growth in the market and the overall expansion of the company.

The
new 144.000 square-foot building allows Skajaquoda to open a new research facility. The expansion benefits the Skajaquoda Group
because it allows for greater and more advanced research and development, which will enable the company to develop cutting edge
technology for the future challenges and needs of our world’s growing population. Skajaquoda aims to evolve technological
solutions that will minimize human pollution and global impact as well as restore balance to our ecosystem. The expansion of their
headquarters will also enable Skajaquoda to provide services and products to more clients, consequently diversifying their client
base to a greater extent. Skajaquoda is an investment firm quoted on the OTC (ticker symbol: SKAJ) that invests according to its
socially responsible investment policy. Furthermore, moving the company to a larger headquarters will provide jobs, as the companies
will need to recruit more employees to accommodate for this expansion. The relocation of Skajaquoda’s headquarters is an
important factor for the company, which has up to this point only been an investment company. Skajaquoda proudly announces that
they will soon launch a completely new research program that deals with renewable energy, which makes them a progressive company
offering financial solutions, research, and development in renewable energy. Skajaquoda aims to begin operating its renewable
research facility in their new headquarters before the end of the year. Skajaquoda plans to research and develop improvements
for current renewable energy technology and take today’s technology to the next level.



F-4





2. Going Concern
The preparation of financial statements in accordance with GAAP contemplates that operations will be sustained for a reasonable
period. The Company is in the development stage and is dependent on outside sources of financing for continuation of its operations.
These conditions raise substantial doubt about the ability of the Company to continue as a going concern for a reasonable period.
The company plans to improve its financial condition thru a private placement. However, there is no assurance that the company
will be successful in accomplishing this objective. Management believes that this plan provides an opportunity for the Company
to continue as a going concern. We cannot give any assurances regarding the success of management's plans. Our financial statements
do not include adjustments relating to the recoverability of recorded assets or liabilities that might be necessary should we
be unable to continue as a going concern.3. Significant Accounting PoliciesCash and Cash Equivalents - For purposes of the statements of cash flows, the Company considers all highly liquid investments
with original maturities of three months of less to be cash equivalents. Cash and cash equivalents are stated at cost which approximates
fair value.Accounts Receivable - The Company grants credit to customers in the normal course of operations. Accounts receivables are
based on management's evaluation of outstanding receivables at year end. Allowance for doubtful accounts, if any, is provided
based on the review of outstanding receivables, historical experience and economic conditions. Uncollectible accounts are expensed
in the period such amounts are determined.Property and Equipment - Property and equipment are recorded at cost, less accumulated depreciation. Depreciation and amortization
on capital leases and property and equipment are determined using the straight line method over the estimated useful lives (usually
ten years) of the assets or terms of the leases. Expenditures for maintenance and repairs are expensed when incurred and betterments
are capitalized. Gains and losses on the sale of property and equipment are reflected in operations.

Loan
Receivable - Loans receivable are financial assets with fixed or determinable payments that are not quoted in an active market
are measured at amortized cost using the effective interest method, less any impairment. Loans receivable are assessed for indicators
of impairment at the end of each reporting period, and are considered to be impaired when there is objective evidence that, as
a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows
of the investment have been affected.Revenue- Revenue is recognized as earned from the performance of services in accordance with SEC Staff Bulletin No. 104,
"Revenue Recognition" ("SAB 104"). Under SAB 104, service revenues are recognized when persuasive evidence
of an arrangement exists, service has been performed, the sales price is fixed and determinable, and collectability is reasonably
assured.

Income
Taxes - The Company follows the asset and liability method of accounting for future income taxes. Under this method, future
income tax assets and liabilities are recorded based on temporary differences between the carrying amount of assets and liabilities
and their corresponding tax basis. In addition, the future benefits of income tax assets including unused tax losses, are recognized,
subject to a valuation allowance to the extent that it is more likely than not that such future benefits will ultimately be realized.
Future income tax assets and liabilities are measured using enacted tax rates and laws expected to apply when the tax liabilities
or assets are to be either settled or realized. As of March 31, 2014, the Company has deferred tax liabilities of $4,855,897.
The Company's effective tax rate approximates the Federal statutory rates.Earnings Per Share - Basic earnings per share is computed by dividing net income by the weighted average number of shares
of common stock outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted average
number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during each period.
The Company has no potentially dilutive common shares at March 31, 2014.

F-5





Other Comprehensive Income - Other comprehensive loss represents the change in equity of an enterprise during a period
from transactions from non-owner sources. The company has no accounts or transactions that give rise to other comprehensive income.Fair Value - The fair values of accounts receivable and taxes payable approximates their carrying values due to the short-term
nature of these instruments. The fair value of loan receivable approximates its carrying value due the proximity of its issuance
date to the date of the accompanying financial statements.

Use
of Estimates - The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues
and expenses during the reporting period. Actual results could differ from those estimates. Management believes that the estimates
are reasonable.4. Loan Receivable
On June 23, 2011, the Company disbursed $20,730 under a $25,000 line of credit ("Note") to an unrelated party. The unpaid
principal of this line of credit shall bear simple interest at the rate of 5% per annum. Interest shall be calculated based on
the principal balance as may be adjusted from time to time to reflect additional advances made hereunder. The loan does not bear
interest in 2011. Interest on the unpaid balance of this Note shall accrue monthly beginning in January 1 2012 but shall not be
due and payable until June 22, 2016, when the principal balance of this Note becomes due and payable. No consideration was received
for this disbursement.

On June 30, 2012, the Company disbursed $20,290 under a loan ("Note") to an unrelated party. The unpaid principal of
this loan shall bear simple interest at the rate of 5% per annum. Interest shall be calculated based on the principal balance
as may be adjusted from time to time to reflect additional advances made hereunder. Interest on the unpaid balance of this Note
shall accrue monthly but shall not be due and payable until June 30, 2014, when the principal balance of this Note becomes due
and payable. No consideration was received for this disbursement.
Accrued interest on both the loan receivable as at March 31, 2014 and December 31, 2013 was $3,052 and $3,052 respectively.

5.
Stockholders' EquityCommon Stock -The Company is authorized to issue ten million (10,000,000) shares of shares of Common Stock, par value
$.00001 per share (the "Common Stock").
As of March 31, 2014, ten million (10,000,000) shares of Common Stock, par value $.00001 per share, are authorized, of which 1,000,000
shares are issued and outstanding.

All
shares of the Company's Common Stock have equal rights and privileges with respect to voting, liquidation and dividend rights.
Each share of Common Stock entitles the holder thereof to:

| | · | One
                                         non-cumulative vote for each share held of record on all matters submitted to a vote
                                         of the stockholders;
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | To
                                         participate equally and to receive any and all such dividends as may be declared by the
                                         Board of Directors out of funds legally available therefore; and
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | To
                                         participate pro rata in any distribution of assets available for distribution upon liquidation.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------

Stockholders have no preemptive rights to acquire additional shares of Common Stock or any other securities. Common shares are
not subject to redemption and carry no subscription or conversion rights. All outstanding shares of Common Stock are fully paid
and non-assessable.Preferred Stock -As of March 31, 2014, no shares of Preferred Stock are authorized and no shares are issued and outstanding.

F-6





6. Related Party Transactions
As of March 31, 2014 the outstanding amount of loan agreement between the Company and Einar Agustsson, the chief executive officer
of the company is $71,447. The loan does not bear interest and is due on demand.

7.
Demand Loan Payable
Effective September 30, 2011, the Company entered into a loan agreement with a related party to borrow $110,000 to fund operations.
The loan does not bear interest and is due on demand.

8. Acquisition Of Skajaquoda Limited

During
the three month period ended June 30, 2013, the company acquired 100% of Skajaquoda Limited in Ireland for $50,000 which has been
recorded as goodwill. The company does not record impairment on goodwill for the three months ended March 31, 2014.

9. Income Taxes

The
Company uses the asset and liability method of accounting for deferred income taxes wherein deferred tax assets and liabilities
are determined based on the expected future tax consequences of temporary differences between the carrying amounts of assets and
liabilities for financial and income tax reporting purposes at rates expected to be in effect when the differences are realized.

During the three months ended June 30, 2013, deferred tax liability of $4,855,897 was recognized due to the acquisition of Skajaquoda
Limited. Deferred tax liability was recognized on the revenue of $14,282,050 at the effective income tax rate of 34%.

10.
Energy Research

Skajaquoda
Group inc. is trying to find a cost effective way to maintain superconductivity for use in generators, power distribution, energy
storage and many other applications. Superconductors transport electricity without resistance so there is no power loss due to
friction or distances. If successful it will greatly reduce carbon emissions and other pollutants and open up many scientific
and technological possibilities that are hard to imagine today.

F-7







Item
2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL
CONDITION AND

RESULTS
OF OPERATIONS



This Management’s
Discussion and Analysis of Financial Condition and Results of Operations and other parts of this current
report contain forward-looking statements that involve risks and uncertainties. Forward-looking statements can also be identified
by words such as “anticipates,” “expects,” “believes,” “plans,” “predicts,”
and similar terms. Forward-looking statements are not guarantees of future performance and our actual results may differ significantly
from the results discussed in the forward-looking statements. Factors that might cause such differences include but are not limited
to those discussed in the subsection entitled Forward-Looking Statements and Factors That May Affect Future Results and
Financial Condition below. The following discussion should be read in conjunction with our financial statements and notes
thereto included in this current report. Our fiscal year end is December 31.

PLAN
OF OPERATIONS:

Our
plan of operations for the next twelve months is to proceed with the implementation of our business plan. We will strive to launch
all aspects of our operations. We may require up to $200,000 in additional financing to expand our operations as outlined in the
table below, subject to our cash on hand and actual revenues.

|Goal                                                | Expected
    Manner of occurance or Method of Achievement | Date
    When Steps Should Be Accomplished | Cost
    of Completion
|--------------------------------------------------- | --------------------------------------------------------- | ------------------------------------------ | ----------------------
|Complete IA Registration                            | Complete investment
    advisor registration process      | 3 - 6 months                               | $30,000               
|Launch Marketing
    Phase                          | Implementation
    of markting plan                       | 3 - 6 months                               | $70,000               
|Create Corporate
    Identity and brand recognition | Build our image
    as a trusted service provider         | 6 - 18 months                              | $50,000               

Our
total expenditures over the next twelve months are anticipated to be approximately $150,000. Our cash on hand as of March 31,
2014 is $884,459

Our
monthly expenses consist of rent, legal fees, accounting and audit fees. We are currently in the beginning stages of the investment
advisor registration process which has created minor costs.

All
steps will be undertaken contemporaneously.

Limited
operating history; need for additional capital

We
cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment
of a business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services
and products.

We
have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory
terms, we may be unable to continue, develop or expand our operations. Equity financing could result in dilution to shareholders.

Long-Term
Liquidity Needs

We
plan to meet our most significant liquidity needs beyond the next 12 months through future cash flow, the private or public issuance
of debt or equity securities. We cannot provide any assurances that we will be able to access the capital markets on favorable
terms, if at all.

4





Cash
Requirements

Our
cash on hand as of March 31, 2014 is $884,459. However, we will require additional financing in order to proceed with some or
all of our goals as projected at more than twelve (12) months. We presently do not have any arrangements for additional financing,
and no potential lines of credit or sources of financing are currently available for the purpose of proceeding with any of our
goals projected at more than twelve (12) months.

Any
additional growth of the Company may require additional cash infusions. We may face expenses or other circumstances such that
we will have additional financing requirements. In such event, the amount of additional capital we may need to raise will depend
on a number of factors. These factors primarily include the extent to which we can achieve revenue growth, the profitability of
such revenues, operating expenses, research and development expenses, and capital expenditures. Given the number of programs that
we have ongoing and not complete, it is not possible to predict the extent or cost of these additional financing requirements.

Notwithstanding
the numerous factors that our cash requirements depend on, and the uncertainties associated with each of the major revenue opportunities
that we have, we believe that our plan of operation can build long-term value if we are able to demonstrate clear progress toward
our objectives.

Progress
in the development of our business plan will likely lend credibility to our plan to maintain profitability. We anticipate that
we will hire several members to our sales, marketing, research and development, regulatory and administrative staff during the
course of 2013 in order to fully implement our plans for growth.

The
failure to secure any necessary outside funding would have an adverse affect on our development and results therefrom and a corresponding
negative impact on shareholder liquidity.

Future
Financings

Our
plan of operation calls for significant expenses in connection with the implementation of our business plan over the course of
the next 24 months. For the next twelve months, management anticipates that the minimum cash requirements to fund our proposed
goals and our continued operations will be at least $150,000. We plan to seek additional financing to meet our planned expenditures
through a private placement of our common stock in the near future. These plans, if successful, will mitigate the factors which
raise substantial doubt about the Company's ability to continue as a going concern. Obtaining additional financing would be subject
to a number of factors, including development of our business plan and interest in our company. These factors may make the timing,
amount, terms or conditions of additional financing unavailable to us.

RESULTS
OF OPERATIONS

Results
of Operations for the Three Months Ended March 31, 2014 and 2013



Revenues



We
had revenues of $(24,317) during the three months ended March 31, 2014, compared to $730,995 in revenues during the corresponding
three month period ended March 31, 2013. The revenue came from product sales, consulting services and interest on loan assets.

Fluctuations
in our revenues are primarily the result of the nature of the business model we operate. The Company can neither predict or assess,
nor prevent fluctuations. We attempt to offer services at competitive prices. Because of the unpredictable nature of fluctuations,
we do not attribute fluctuations to any particular item or event. Our business model is designed to respond to fluctuation with
immediate change. We do not account for or analyze the fluctuations as we do not believe it to be a prudent use of resources,
given our business model.

5





Cost
of Goods Sold

We
had cost of goods sold of $0 and $711,278 for the three months ended March 31, 2014 and 2013 respectively.

Expenses



We
incurred operating expenses in the amount of $0 during the three months ended March 31, 2014, compared to $19,786 for the corresponding
three months ended March 31, 2013. Expenses consisted primarily of general operating expenses including professional fees. Our
operating expenses are mostly attributable to our accounting and legal expenses. Our Chief executive officer is currently
not receiving salary so we did not have any significant costs associated with salary.



Net
Profit (Loss)



We
incurred a net income (loss) of $(24,317) during the three months ended March 31, 2014, compared to $(69) during the corresponding
three months ended March 31, 2013. This translates to income (loss) per share of $ 0.024 and $0.000 for the three months ended
March 31, 2014 and 2013, respectively.



Results
of Operations for the period from April 29, 2011 (Inception) to March 31, 2014



Revenues



We
had revenues of $16,741,323 for the period from April 29, 2011 (Inception) to March 31, 2014. The revenue came from product sales,
consulting services and interest on loan assets.



Fluctuations
in our revenues are primarily the result of the nature of the business model we operate. The Company can neither predict or assess,
nor prevent fluctuations. We attempt to offer services at competitive prices. Because of the unpredictable nature of fluctuations,
we do not attribute fluctuations to any particular item or event. Our business model is designed to respond to fluctuation with
immediate change. We do not account for or analyze the fluctuations as we do not believe it to be a prudent use of resources,
given our business model.

Cost
of Goods Sold

We
had cost of goods sold of $2,316,939 for the period from April 29, 2011 (Inception) to March 31, 2014.

Expenses



We
incurred operating expenses in the amount of $196,237 for the period from April 29, 2011 (Inception) to March 31, 2014. Expenses
consisted primarily of general operating expenses including professional fees. Our operating expenses are mostly attributable
to our accounting and legal expenses. Our Chief executive officer is currently not receiving salary so we did not have any
significant costs associated with salary.



Net
Profit (Loss)



We
incurred a net profit of $9,372,250 for the period from April 29, 2011 (Inception) to March 31, 2014

6





LIQUIDITY
AND CAPITAL RESOURCES

Since its
inception, the Company has financed its cash requirements from the sale of common stock. Uses of funds have included activities
to establish our business, professional fees and other general and administrative expenses.



The Company’s
principal sources of liquidity as of March 31, 2014 consisted of $884,459 in cash equivalents.

Off-Balance
Sheet Arrangements

The
Company has no material transactions, arrangements, obligations (including contingent obligations), or other relationships with
unconsolidated entities or other persons that have or are reasonably likely to have a material current or future impact on its
financial condition, changes in financial condition, results of operations, liquidity, capital expenditures, capital resources,
or significant components of revenues or expenses.

Market
Risk

In
the normal course of business, the Company is exposed to foreign currency exchange rate and interest rate risks that could impact
its results of operations. Substantial portion of the company's net sales, cost of sales and operating expenses could be denominated
in foreign currencies. This exposes the Company to risks associated with changes in foreign currency exchange rates that can adversely
impact revenues, net income and cash flow.Critical Accounting Policies and Estimates

Management
has identified the following policies and estimates as critical to the Company's business operations and the understanding of
the Company's results of operations. Note that the preparation of this report requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the
Company's financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could
differ from those estimates, and the differences could be material.Revenue Recognition

SAB
No. 104 requires that four basic criteria be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists;
(2) delivery has occurred or services have been rendered; (3) the fee is fixed or determinable; and (4) collectibility is reasonably
assured. Should changes in conditions cause management to determine that these criteria are not met for certain future transactions,
revenue recognized for a reporting period could be adversely affected.

Goodwill

The
Company has recorded a goodwill of $50,000 due to acquisition of Skajaquoda Limited during the three month period ended June 30,
2013.

Accounting
for Income Taxes

The
Company accounts for income taxes under the asset and liability method. Under this method, deferred assets and liabilities are
recognized based on anticipated future tax consequences attributable to differences between financial statement carrying amounts
of assets and liabilities and their respective tax bases. The Company establishes a valuation allowance to the extent that it
is more likely than not that deferred tax assets will not be recoverable against future taxable income.

7





Code
of Ethics

We
have adopted a Code of Ethics and Business Conduct for Officers, Directors and Employees that applies to all of our officers,
directors and employees.

Investment Advisor Registration Process

In
recent years the registration system for Investment advisers was overhauled. Previously, Investment advisers were required to
register with the SEC, and with each state in which they did business. Today Investment advisers are regulated by either the SEC
or the States, but not both. Of course, both groups of regulators maintain jurisdiction over the activities of these advisers,
the change has been in the registration requirements.

Simplifying
the structure, firms that have less than $25 million of assets under continuous and regular management generally must register
with the state or states in which they have a place of business and in which they have clients, while firms that have more than
$30 million under management must register with the SEC. Between $25 and $30 million the firm is allowed to register with the
SEC or applicable states. (There are other exceptions to state registration, such as for firms doing business in 30 or more states
and firms doing an Internet based business.) Firms that are registered with the SEC usually have to provide a copy of their Form
ADV and pay a filing fee to states in which they have clients.

Filings
The main document in the registration of an investment adviser is Form ADV. All advisers now register with the SEC and the States
electronically through IARD, a secure Internet based data system. Setting Up an IARD Account is the first step in the registration
process. Once an adviser establishes an IARD account, the adviser can access Form ADV (Part 1) on IARD, complete this part of
Form ADV, and submit it electronically through IARD to the SEC. Part II of Form ADV is completed in paper form as discussed below. 
The SEC generally has 45 days after receipt of the Form ADV to declare an applicant's registration effective. The SEC will mail
an Effective Order to an adviser once an adviser's registration is declared effective. An adviser can also check on IARD under
the heading "Registration Status" to see if its registration has been declared effective by the SEC. The process for
State registered advisers varies from state to state, but is similar to the SEC process.
Form ADV has two parts. Part 1 asks for information about an adviser's business, the persons who own or control the adviser, and whether the
adviser or certain of its personnel have been sanctioned for violating the securities laws or other laws. Part 1 is available
in electronic format and is both filed and amended through IARD. See the General Instructions to Form ADV (No. 4) for information
on updating Form ADV.

Part
II is a written disclosure statement (or a written brochure) that provides information about business practices, fees,
and conflicts of interest the adviser may have with its clients. Part II must be completed in paper format. IARD is not prepared
to accept an electronic filing of Part II at this time. You can print a blank copy of Part II from the SEC website.

Part
II is a disclosure statement that an adviser must use to provide information to clients and potential clients. Read rule 204-3
under the Investment Advisers Act of 1940 regarding your legal obligations 1) to deliver a copy of Part II (or a brochure containing
comparable information) to prospective clients and 2) to offer annually a copy of Part II (or a brochure containing comparable
information) to all current customers. You must keep your Part II current, maintain a copy in your files, and make it available
to SEC staff upon request. Do not send your Part II to the SEC. Check with state securities authorities to determine what their
filing requirements are for Part II.

8





Ongoing
Requirements
While the requirements for registration and maintaining the registration vary from state to state, there are some general principles
which apply in all states. Each state requires that IAs who do business in their state:
 State advisers to register or become licensed.
        Federal covered advisers to make a notice filing of their Form ADV. 
        A passing score on a competency examination for each individual acting as an investment
adviser or investment adviser representative.
        Payment of a fee for processing the applications. 
        Certain disclosures to the securities agency and/or the public.
        Registration of branch offices of the adviser.
        A bond or minimum net capital.
A notice filing for a federal covered adviser is usually made by:
        Filing a complete copy of its Form ADV as filed with the US SEC.
        Filing a Form U-4 application for each investment adviser representative who will provide
services on behalf of the investment adviser.
        Payment of any required notice filing fees.
The State and the SEC require electronic filing via the Investment Adviser Registration Depository (IARD). Firms must register
with the IARD prior to making a filing. Complete information regarding the IARD system is available at http://www.iard.com/GetStarted.asp

Annual
Renewals
Investment advisers and investment adviser representatives must renew their registration/license annually. In many states, the
term is from January 1 to December 31 of a given year. However, some states have different renewal dates. If an adviser becomes
registered/licensed in the middle of a year, the fee is usually not prorated. Today, the renewal process for investment advisers
is handled by IARD.

Market
Price of and Dividends on the Registrant's Common Equity and Related Stockholder Matters

(a)
The Company application to FINRA for the Company's shares to be quoted on the OTCBB was approved and the shares are trading with
the ticker symbol SKAJ

Company's
common stock is traded in the OTCBB and the shares are subject to the provisions of Section 15(g) and Rule 15g-9 of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), commonly referred to as the "penny stock" rule. Section
15(g) sets forth certain requirements for transactions in penny stocks and Rule 15g9(d)(1) incorporates the definition of penny
stock as that used in Rule 3a51-1 of the Exchange Act.

The
Commission generally defines penny stock to be any equity security that has a market price less than $5.00 per share, subject
to certain exceptions. Rule 3a51-1 provides that any equity security is considered to be a penny stock unless that security is:
registered and traded on a national securities exchange meeting specified criteria set by the Commission; authorized for quotation
on The NASDAQ Stock Market; issued by a registered investment company; excluded from the definition on the basis of price (at
least $5.00 per share) or the issuer's net tangible assets; or exempted from the definition by the SEC. If the Company's shares
are deemed to be a penny stock, trading in the shares will be subject to additional sales practice requirements on broker-dealers
who sell penny stocks to persons other than established customers and accredited investors, generally persons with assets in excess
of $1,000,000 or annual income exceeding $200,000, or $300,000 together with their spouse.

9





For
transactions covered by these rules, broker-dealers must make a special suitability determination for the purchase of such securities
and must have received the purchaser's written consent to the transaction prior to the purchase. Additionally, for any transaction
involving a penny stock, unless exempt, the rules require the delivery, prior to the first transaction, of a risk disclosure document
relating to the penny stock market. A broker-dealer also must disclose the commissions payable to both the broker-dealer and the
registered representative, and current quotations for the securities. Finally, the monthly statements must be sent disclosing
recent price information for the penny stocks held in the account and information on the limited market in penny stocks. Consequently,
these rules may restrict the ability of broker dealers to trade and/or maintain a market in the Company's common stock and may
affect the ability of shareholders to sell their shares.

(b)
Holders. At March 31, 2014, there were 41 record holders of 1,000,000 shares of the Company's Common Stock.
(c) Dividends. The Registrant has not paid any cash dividends to date and does not anticipate or contemplate paying dividends
in the foreseeable future. It is the present intention of management to utilize all available funds for the development of the
Registrant's business.

Equity
Compensation Plans

We
have no equity compensation program including no stock option plan and none are planned for the foreseeable future.Dividends
There are no restrictions in our articles of incorporation or bylaws that prevent us from declaring dividends. 
We have not declared any dividends, and we do not plan to declare any dividends in the foreseeable future.

Going
Concern



Our
auditors included an explanatory statement in their report on the Company’s financial statements for the year ended December
31, 2013, expressing an opinion as to our ability to continue as a going concern as a result of a working capital deficit. Our
ability to continue as a going concern is subject to the ability of the Company to obtaining additional funding from outside sources.
Management’s plan to address the Company’s ability to continue as a going concern includes (i) increasing our gross
profit; (ii) financing from private placement sources; and (iii) converting outstanding debt to equity. Although the Company believes
that it will be able to remain a going concern, through the methods discussed above, there can be no assurances that such methods
will prove successful.



Stock-Based
Compensation



We
have adopted Accounting Standards Codification Topic (“ASC”) 718, Share-Based Payment, which addresses the accounting
for stock-based payment transactions in which an enterprise receives employee services in exchange for (a) equity instruments
of the enterprise or (b) liabilities that are based on the fair value of the enterprise’s equity instruments or that may
be settled by the issuance of such equity instruments.



We
account for equity instruments issued in exchange for the receipt of goods or services from other than employees in accordance
with ASC 505. Costs are measured at the estimated fair market value of the consideration received or the estimated fair value
of the equity instruments issued, whichever is more reliably measurable. The value of equity instruments issued for consideration
other than employee services is determined on the earliest of a performance commitment or completion of performance by the provider
of goods or services.



ITEM
3.          QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK



Not
required.



10





ITEM
4.          CONTROLS AND PROCEDURES



Evaluation
of Disclosure Controls and Procedures



In
connection with the preparation of this report on Form 10-Q, an evaluation was carried out by the Company’s management,
with the participation of the chief executive officer and the chief financial officer, of the effectiveness of the Company’s
disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 (“Exchange
Act”)). Disclosure controls and procedures are designed to ensure that information required to be disclosed in reports filed
or submitted under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the
Commission’s rules and forms and that such information is accumulated and communicated to management, including the chief
executive officer and the chief financial officer, to allow timely decisions regarding required disclosures.



Based
on that evaluation, the Company’s management concluded, as of the end of the period covered by this report, that the Company’s
disclosure controls and procedures were ineffective in recording, processing, summarizing, and reporting information required
to be disclosed, within the time periods specified in the Commission’s rules and forms, and that such information was not
accumulated and communicated to management, including the chief executive officer and the chief financial officer, to allow timely
decisions regarding required disclosures.



Changes
in Internal Control over Financial Reporting



There
have been no changes in internal control over financial reporting (as defined in Rule 13a-15(f) of the Exchange Act) during the
period ended March 31, 2014, that materially affected, or are reasonably likely to materially affect, the Company’s internal
control over financial reporting.



PART
II – OTHER INFORMATION



ITEM
1.          LEGAL PROCEEDINGS



None



ITEM
1A.       RISK FACTORS

The
information to be reported under this item has not changed since the previously filed 10Q, for the quarter ended June 30, 2013.



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

None.





ITEM
3.          DEFAULTS ON SENIOR SECURITIES



None.

ITEM
4.          Mine Safety Disclosures



None.

ITEM
5.          OTHER INFORMATION

None.



11





ITEM
6.          EXHIBITS



|Exhibit |  | Description                                                                                                                                                                
|------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Number  |  |                                                                                                                                                                            
|31.1 *  |  | Certification of the Chief Executive
    Officer required by Rule 13a - 14(a) or Rule 15d - 14(a)                                                                          
|31.2 *  |  | Certification of the Chief Financial
    Officer required by Rule 13a - 14(a) or Rule 15d - 14(a)                                                                          
|32.1 *  |  | Certification of the Chief Executive
    Officer required by Rule 13a - 14(b) or Rule 15d - 14(b) and 18 U.S.C. 1350                                                       
|32.2 *  |  | Certification of the Chief Financial
    Officer required by Rule 13a - 14(b) or Rule 15d - 14(b) and 18 U.S.C. 1350                                                       
|101*    |  | The following materials from the Company’s
    Quarterly Report on Form 10-Q for the quarter ended June 30, 2013 formatted in Extensible Business Reporting Language (XBRL)



| | * Provided herewith
| | -------------------

12







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.





Skajaquoda
Group, inc.                                 
                        Date





/s/ Einar Agustsson                                                                 May
20, 2014

By:
Einar Agustsson

Its:
Chief Executive Officer and Director







/s/ Einar Agustsson                                                                
May 20, 2014

By:
Einar Agustsson

Its:
Chief Financial Officer and Principal Accounting Officer











13