SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q



(Mark One)

| | S | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
| | - | ---------------------------------------------------------------------------------



For the quarterly period ended March 31,
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 | (I.R.S. Employer Identification No.)
|incorporation or organization)  |                                     



525 Technology Park, Suite 165

Lake Mary, Florida 32746

(Address of principal executive offices)
(zip code)



815-356-7504

(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.

xYesNo ̈



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).



x Yes ̈No



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 May 1, 2013
|------------------------------- | --------------------------
|Common Stock, par value $0.0001 | 1,500,000 shares          



|Documents
incorporated by reference: | None
|------------------------------------ | ----











FINANCIAL STATEMENTS



|Balance Sheets as of March 31, 2013 (unaudited) and December 31, 2012                                                                                               | 1  
|------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---
|                                                                                                                                                                    |    
|Statements of Operations for the Three Months Ended March 31, 2013 and 2012,  and the Period from September 21, 2011 (Inception) to March 31, 2013 (unaudited)      | 2  
|                                                                                                                                                                    |    
|Stat Statements of Cash Flows for the Three Months Ended March 31, 2013 and 2012,  and the Period from September 21, 2011 (Inception) to March 31, 2013 (unaudited) | 3  
|                                                                                                                                                                    |    
|Not Notes to Financial Statements (unaudited)                                                                                                                       | 4-8











|IIM GLOBAL CORP.                              
|----------------------------------------------
|(FORMERLY: SILVERWOOD ACQUISITION CORPORATION)
|( A DEVELOPMENT STAGE COMPANY)                
|BALANCE SHEETS                                



|                                                                                                                                     |  | March 31, 2013 |        |   | December 31, 2012 |  
|------------------------------------------------------------------------------------------------------------------------------------ |  | -------------- | ------ | - | ----------------- | -
|                                                                                                                                     |  | (unaudited)    |        |   |                   |  
|ASSET                                                                                                                                |  |                |        |   |                   |  
|                                                                                                                                     |  |                |        |   |                   |  
|Current asset                                                                                                                        |  |                |        |   |                   |  
|Cash                                                                                                                                 |  | $              | 74,730 |   |                   | $
|                                                                                                                                     |  |                |        |   |                   |  
|TOTAL ASSET                                                                                                                          |  | $              | 74,730 |   |                   | $
|                                                                                                                                     |  |                |        |   |                   |  
|LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                                |  |                |        |   |                   |  
|                                                                                                                                     |  |                |        |   |                   |  
|Current liabilities                                                                                                                  |  |                |        |   |                   |  
|Accrued liabilities                                                                                                                  |  | $              | 75,000 |   |                   | $
|                                                                                                                                     |  |                |        |   |                   |  
|Total Liabilities                                                                                                                    |  |                | 75,000 |   |                   |  
|                                                                                                                                     |  |                |        |   |                   |  
|Stockholders' Deficit                                                                                                                |  |                |        |   |                   |  
|Preferred stock, $0.0001 par value, 20,000,000 shares authorized; none issued and outstanding                                        |  |                | -      |   |                   |  
|Common stock, $0.0001 par value, 100,000,000 shares authorized; 1,500,000 and 20,000,000 shares issued and outstanding, respectively |  |                | 150    |   |                   |  
|Additional paid-in capital                                                                                                           |  |                | 2,843  |   |                   |  
|Accumulated Deficit                                                                                                                  |  |                | (3,263 | ) |                   |  
|                                                                                                                                     |  |                |        |   |                   |  
|Total stockholders' Deficit                                                                                                          |  |                | (270   | ) |                   |  
|                                                                                                                                     |  |                |        |   |                   |  
|TOTAL LIABILITIES AND STOCKHOLDERS'  DEFICIT                                                                                         |  | $              | 74,730 |   |                   | $



The accompanying notes are an
integral part of these financial statements



1







IIM GLOBAL CORP.

(FORMERLY: SILVERWOOD ACQUISITION CORPORATION)

( A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS

(unaudited)



|                                                      |  | For the three  months ended |           |   | For the three  months ended |   |            | For the period from September 21, 2011 (Inception) to | 
|----------------------------------------------------- |  | --------------------------- | --------- | - | --------------------------- | - | ---------- | ----------------------------------------------------- | 
|                                                      |  | March 31, 2013              |           |   | March 31, 2012              |   |            | March 31, 2013                                        | 
|                                                      |  |                             |           |   |                             |   |            |                                                       | 
|Revenue                                               |  | $                           | -         |   |                             | $ | -          |                                                       | 
|                                                      |  |                             |           |   |                             |   |            |                                                       | 
|Operating expenses                                    |  |                             | 70        |   |                             |   | 750        |                                                       | 
|                                                      |  |                             |           |   |                             |   |            |                                                       | 
|Income tax                                            |  |                             | -         |   |                             |   | -          |                                                       | 
|                                                      |  |                             |           |   |                             |   |            |                                                       | 
|Net loss                                              |  | $                           | (70       | ) |                             | $ | (750       | )                                                     | 
|                                                      |  |                             |           |   |                             |   |            |                                                       | 
|Loss per share - basic and diluted                    |  | $                           | (0.00     | ) |                             | $ | (0.00      | )                                                     | 
|                                                      |  |                             |           |   |                             |   |            |                                                       | 
|Weighted average shares outstanding basic and diluted |  |                             | 1,500,000 |   |                             |   | 20,000,000 |                                                       | 



The accompanying notes are an integral part
of these financial statements



2







IIM GLOBAL CORP.

(FORMERLY: SILVERWOOD ACQUISITION CORPORATION)

( A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS

(unaudited)



|                                            |  | For the three months ended March 31, 2013 |        |   | For the three months ended March 31, 2012 |   |        | For the period from  September 21, 2011  (Inception) to March 31, 2013 | 
|------------------------------------------- |  | ----------------------------------------- | ------ | - | ----------------------------------------- | - | ------ | ---------------------------------------------------------------------- | 
|OPERATING ACTIVITIES                        |  |                                           |        |   |                                           |   |        |                                                                        | 
|Net loss                                    |  | $                                         | (70    | ) |                                           | $ | (750   | )                                                                      | 
|Changes in operating assets and liabilities |  |                                           |        |   |                                           |   |        |                                                                        | 
|Accrued liabilities                         |  |                                           | 74,650 |   |                                           |   | (400   | )                                                                      | 
|Net cash used in operating activities       |  |                                           | 74,580 |   |                                           |   | (1,150 | )                                                                      | 
|                                            |  |                                           |        |   |                                           |   |        |                                                                        | 
|FINANCING ACTIVITIES                        |  |                                           |        |   |                                           |   |        |                                                                        | 
|Proceeds from the issuance of common stock  |  |                                           | -      |   |                                           |   | -      |                                                                        | 
|Stockholders's contribution                 |  |                                           | -      |   |                                           |   | 1,150  |                                                                        | 
|Redemption of common stock                  |  |                                           | -      |   |                                           |   | -      |                                                                        | 
|Net cash provided by financing activities   |  |                                           | -      |   |                                           |   | 1,150  |                                                                        | 
|                                            |  |                                           |        |   |                                           |   |        |                                                                        | 
|Net increase (decrease) in cash             |  |                                           | 74,580 |   |                                           |   | -      |                                                                        | 
|                                            |  |                                           |        |   |                                           |   |        |                                                                        | 
|Cash at beginning of period                 |  |                                           | 150    |   |                                           |   | 2,000  |                                                                        | 
|                                            |  |                                           |        |   |                                           |   |        |                                                                        | 
|Cash at end of period                       |  | $                                         | 74,730 |   |                                           | $ | 2,000  |                                                                        | 



The accompanying notes are an integral part
of these financial statements



3







IIM GLOBAL CORP.

(FORMERLY SILVERWOOD ACQUISITION CORPORATION)

(A DEVELOPMENT STAGE COMPANY)

Notes
to Financial Statements

(unaudited)



NOTE 1 – NATURE OF OPERATIONS
AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES



NATURE OF OPERATIONS



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 $.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.



IIM Global anticipates that it will enter
into a business combination with Innovation in Motion, Inc., a private company operating in two technology fields: the handheld
identification market and mobile payment market. The private company has a range of state-of-the-art products in these fields and
has begun serious market penetration with the sale and placement of units. As of the date of this Report, no agreements have been
executed to effect such a business combination and although the Company anticipates that it will effect such a business combination
there is no assurance that such combination will be consummated.



The Company signed a term sheet on January
23, 2013 with Innovation in Motion, Inc. to outline those terms pursuant to which a definitive merger agreement may be entered
on or before June 2013. The merger, if consummated, shall qualify as a tax-free reorganization under the Internal Revenue Code.
While the publicly traded entity will be the surviving legal entity, Innovation in Motion Inc. shareholders will own a majority
of the combined company upon closing. Therefore, it is anticipated that for accounting purposes, Innovation in Motion Inc. will
be deemed the accounting acquirer.



BASIS OF PRESENTATION



The accompanying unaudited financial statements
have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim
financial information. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial
statements. The accompanying unaudited financial statements include all adjustments, composed of normal recurring adjustments,
considered necessary by management to fairly state our results of operations, financial position and cash flows. The operating
results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for
the full year.



4







IIM GLOBAL CORP.

(FORMERLY SILVERWOOD ACQUISITION CORPORATION)

(A DEVELOPMENT STAGE COMPANY)

Notes
to Financial Statements

(unaudited)



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
and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues
and expenses during the reporting periods. Actual results could differ from those estimates.



CONCENTRATION OF RISK



Financial instruments that potentially
subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality
banking institutions. The Company did not have cash balances in excess of the Federal Deposit Insurance Corporation limit as of
March 31, 2013.



INCOME TAXES



Under ASC 740, "Income Taxes",
deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between
the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets
and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary
differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that
some or all of the deferred tax assets will not be realized. As of March 31, 2013, there were no deferred taxes.



LOSS PER COMMON SHARE



Basic loss per common share excludes dilution
and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss
per common share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised
or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of March
31, 2013, there are no outstanding dilutive securities.



Fair
Value of Financial Instruments



The Company follows guidance for accounting
for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items
that are recognized or disclosed at fair value in the financial statements on a recurring basis. The guidance establishes a fair
value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest
priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest
priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy
are as follows:



Level 1 inputs are quoted prices (unadjusted)
in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.



Level 2 inputs are inputs other than quoted
prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.



Level 3 inputs are unobservable inputs
for the asset or liability.



5







IIM GLOBAL CORP.

(FORMERLY SILVERWOOD ACQUISITION CORPORATION)

(A DEVELOPMENT STAGE COMPANY)

Notes
to Financial Statements

(unaudited)



The Company monitors the market conditions
and evaluates the fair value hierarchy levels at least quarterly. For any transfers in and out of the levels of the fair value
hierarchy, the Company elects to disclose the fair value measurement at the beginning of the reporting period during which the
transfer occurred.



NOTE 2 - GOING CONCERN



The Company has sustained losses since
its inception on September 21, 2011. It has an accumulated deficit of $3,263 from inception through March 31, 2013. The Company’s
continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations,
which it has not been able to accomplish to date, and /or obtain additional financing from its stockholders and/or other third
parties.



These financial statements have been prepared
on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next
fiscal year. The continuation of the Company as a going concern is dependent upon financial support from its stockholders, the
ability of the Company to obtain necessary equity financing to continue operations, successfully locating and negotiating with
a business entity for the combination of that target company with the Company.



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



NOTE 3 - 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.



6







IIM GLOBAL CORP.

(FORMERLY SILVERWOOD ACQUISITION CORPORATION)

(A DEVELOPMENT STAGE COMPANY)

Notes
to Financial Statements

(unaudited)



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.



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 – ACCRUED LIABILITY



On March 29, 2013, the Company received
a deposit from an un-related party for an amount of $75,000. The purpose of the deposit is to be used to purchase Company’s
common stock in the future if and when the Company formally offers its shares for sale under a subscription agreement. As of March
31, 2013, there were no formal subscription agreement signed and the amount deposited did not bear any interest or stated term
and as such the amount was recorded as a deposit under accrued liabilities in the accompanying balance sheet as of March 31, 2013.



7







IIM GLOBAL CORP.

(FORMERLY SILVERWOOD ACQUISITION CORPORATION)

(A DEVELOPMENT STAGE COMPANY)

Notes
to Financial Statements

(unaudited)



NOTE 6 — EQUITY



The Company is authorized to issue 100,000,000
shares of common stock and 20,000,000 shares of preferred stock. As of March 31, 2013, 1,500,000 shares of common stock and no
preferred stock were issued and outstanding.



On December 20, 2012, the Company 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.



On December 21, 2012, IIM Global Corporation
(formerly Silverwood Acquisition Corporation) 1,000,000 shares were issued to the new officer of the company at $0.0001 representing
67% of the total outstanding 1,500,000 shares of common stock.



As of March 31, 2013, the stockholders
made a capital contribution in the amount of totally $2,843 to pay operating expenses incurred by the Company.



8







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



As of March 31, 2013, IIM Global had not
generated revenues and had no income or cash flows from operations since inception. At March 31, 2013, IIM Global had accumulated
a deficit of $3,263.



IIM Global anticipates that it will enter
into a business combination with Innovation in Motion, Inc., a private company operating in two technology fields: the handheld
identification market and mobile payment market. The private company has a range of state-of-the-art products in these fields and
has begun serious market penetration with the sale and placement of units. As of the date of this Report, no agreements have been
executed to effect such a business combination and although the Company anticipates that it will effect such a business combination
there is no assurance that such combination will be consummated.



David S. Jones is the president and chief
executive officer of Innovation in Motion. No assurances can be given that IIM Global will be successful in effecting a business
combination with Innovation in Motion, Inc. or with any other target company.



A likely target companies with which IIM
Global may effect a business combination is one seeking the perceived benefits of a reporting corporation. Such perceived benefits
may include facilitating or improving the terms on which additional equity financing may be sought, providing liquidity for incentive
stock options or similar benefits to key employees, increasing the opportunity to use securities for acquisitions, providing liquidity
for shareholders and other factors. Business opportunities may be available in many different industries and at various stages
of development, all of which will make the task of comparative investigation and analysis of such business opportunities difficult
and complex.



In analyzing prospective a business combination,
the Company may consider such matters as the available technical, financial and managerial resources; working capital and other
financial requirements; history of operations, if any; prospects for the future; nature of present and expected competition; the
quality and experience of management services which may be available and the depth of that management; the potential for further
research, development, or exploration; specific risk factors not now foreseeable but which may be anticipated; the potential for
growth or expansion; the potential for profit; the perceived public recognition or acceptance of products, services, or trades;
name identification; and other relevant factors. This discussion of the proposed criteria is not meant to be restrictive of the
virtually unlimited discretion of the Company to search for and enter into potential business opportunities.



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



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



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



The Company signed a term sheet on January
23, 2013 with Innovation in Motion, Inc. to outline those terms pursuant to which a definitive merger agreement may be entered
on or before June 2013. The merger, if consummated, shall qualify as a tax-free reorganization under the Internal Revenue Code.
While the publicly traded entity will be the surviving legal entity, Innovation in Motion Inc. shareholders will own a majority
of the combined company upon closing. Therefore, it is anticipated that for accounting purposes, Innovation in Motion Inc. will
be deemed the accounting acquirer.



9







On March 29, 2013, the Company
received a deposit from a un-related party for an amount of $75,000. The purpose of the deposit is to be used to purchase Company’s
common stock in the future if and when the Company formally offers its shares for sale under a subscription agreement. As of March
31, 2013, there were no formal subscription agreement signed and the amount deposited did not bear any interest or stated term
and as such the amount was recorded as a deposit under accrued liabilities in the accompanying balance sheet as of March 31, 2013.



Revenues



As of March 31, 2013, the Company
had not generated revenues and had no income or cash flows from operations since inception. had no operations nor expense, other
than Delaware state fees and legal and accounting fees as required for incorporation and for the preparation of the Company's financial
statements.



Results of Operations



Through March 31, 2013 and since
inception in September 2011, the Company has incurred approximately $3,300 in organizational, legal, accounting and other going
public related costs.



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 financial statements.



ITEM 3.   QUANTITATIVE AND QUALITATIVE
DISCLOSURES ABOUT MARKET RISK.



Information not required to be filed by Smaller Reporting
Companies.



10







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 March 31, 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 March 31, 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.



11







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



Changes in Internal Control Over Financial Reporting



Notwithstanding the change in
control 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.



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:



On September 21, 2011 the Company issued 20,000,000
shares to two shareholders pursuant to Section 4(2) of the Securities Act of 1933.



On December 20, 2012, the Company 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.



On December 21, 2012, IIM Global Corporation (formerly
Silverwood Acquisition Corporation) 1,000,000 shares were issued to the new officer of the company at $0.0001 representing 67%
of the total outstanding 1,500,000 shares of common stock.



As of March 31, 2013, the stockholders
made a capital contribution in the amount of totally $2,843 to pay operating expenses incurred by the Company.



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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 pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act
|     |                                                                                                             
|31.2 | Certification of 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
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------



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: May 20, 2013



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