| ☒ |   | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934                        |
|---------|--------|----------------------------------------------------------------------------------------------------------|
|    |   |                                                                                                     |
|    |   | For the quarterly period ended:    June 30, 2015                                               |
|    |   |                                                                                                     |
|    |   |                       or |
|    |   |                                                                                                     |
| ☐ |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934      |
|    |   |                                                                                                     |
|    |   | For the transition period from _________ to ________                                                |
| DELAWARE                                       | 000-1273988              | 81-0562883                        |
|------------------------------------------------|--------------------------|-----------------------------------|
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
|                                           |                     |                              |
|                                             |                    |
|--------------------------------------------------|-------------------------|
| 3637 4th Street North, Saint Petersburg, Florida |   33704            |
| (Address of principal executive offices)         |    (Zip Code) |
| Title of Each Class                                                                                        |   | Name of Each Exchange on Which Registered |
|------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|
|                                                                                                       |   |                                      |
| None                                                                                                       |   | None                                      |
|                                                                                                       |   |                                      |
| Securities registered pursuant to section 12(g) of the Act: Common Stock, $0.0001 par value |
| Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.                                                                                                                                                                                                                                                                      | ☐ Yes                     | ☒No                           |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------|-------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                         |                            |                                |
| Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.                                                                                                                                                                                                                                                                 | ☒ Yes                     | ☐     No       |
|                                                                                                                                                                                                                                                                                                                                                                                         |                            |                                |
| 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.                                     |  ☒ Yes               |  o No                          |
|                                                                                                                                                                                                                                                                                                                                                                                         |                            |                                |
| Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). | ☒Yes                      | ☐No                           |
|                                                                                                                                                                                                                                                                                                                                                                                         |                            |                                |
| Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.                       |  ☐ Yes               |  ☒No                     |
|                                                                                                                                                                                                                                                                                                                                                                                         |                            |                                |
| Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.                                                                                                                                                                                                                                                                |
| ☐  Large accelerated filer                                                                                                                                                                                                                                                                                                                                                        | ☐  Accelerated filer | ☐  Non-accelerated filer | ☒  Smaller reporting Company |
|                                                                                                                                                                                                                                                                                                                                                                                         |
| Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).                                                                                                                                                                                                                                                                                      | ☐ Yes                     | **☒** No                 |
| Voting Common Equity |    | Non-voting Common Equity |
|----------------------|---------|--------------------------|
| $                    | 800,000 |                     | None |
| Common stock, par value $0.0001 per share | 1,118,802,849 |
|-------------------------------------------|---------------|
| Other                                     | None          |

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|       |                                                                                                          |   |   |
|------------|---------------------------------------------------------------------------------------------------------------|--------|--------|
| PART I     | FINANCIAL INFORMATION                                                                                         |   | PAGE   |
|       |                                                                                                          |   |   |
| Item 1     | Condensed Consolidated Financial Statements                                                                   |   |   |
|       |                                                                                                          |   |   |
|       | Condensed Consolidated Balance Sheets as of June 30, 2015 (unaudited) and March 31, 2015 (unaudited)          |   | 4      |
|       |                                                                                                          |   |   |
|       | Condensed Consolidated Statements of Operations for the Three Months Ended June 30, 2015 and 2014 (unaudited) |   | 5      |
|       |                                                                                                          |   |   |
|       | Condensed Consolidated Statements of Cash Flows for the Three Months Ended June 30, 2015 and 2014 (unaudited) |   | 6      |
|       |                                                                                                          |   |   |
|       | Condensed Consolidated Notes to Financial Statements (unaudited)                                              |   | 7      |
|       |                                                                                                          |   |   |
| Item 2     | Management's Discussion and Analysis or Plan of Operation                                                     |   | 21     |
|       |                                                                                                          |   |   |
| Item 3     | Quantitative and Qualitative Disclosures About Market Risk                                                    |   | 24     |
|       |                                                                                                          |   |   |
| Item 4     | Controls and Procedures                                                                                       |   | 24     |
|       |                                                                                                          |   |   |
| PART II    | OTHER INFORMATION                                                                                             |   |   |
|       |                                                                                                          |   |   |
| Item 1     | Legal Proceedings                                                                                             |   | 25     |
|       |                                                                                                          |   |   |
| Item 1A    | Risk Factors                                                                                                  |   | 25     |
|       |                                                                                                          |   |   |
| Item 2     | Unregistered Sales of Equity Securities and Use of Proceeds                                                   |   | 25     |
|       |                                                                                                          |   |   |
| Item 3     | Defaults Upon Senior Securities                                                                               |   | 25     |
|       |                                                                                                          |   |   |
| Item 4     | Removed and Reserved                                                                                          |   | 25     |
|       |                                                                                                          |   |   |
| Item 5     | Other Information                                                                                             |   | 26     |
|       |                                                                                                          |   |   |
| Item 6     | Exhibits                                                                                                      |   | 26     |
|       |                                                                                                          |   |   |
| Signatures |                                                                                                          | 27     |

----

----

| FUTUREWORLD CORP.                                                                                                           |   |
|-----------------------------------------------------------------------------------------------------------------------------|--------|
| CONSOLIDATED BALANCE SHEETS                                                                                                 |   |
|                                                                                                                        |   |  |   |   |  |   |
|                                                                                                                        |   |  |   |   |  |   |
|                                                                                                                        |   | June 30, |   |   | March 31, |   |
|                                                                                                                        |   | 2015 |   |   | 2015 |   |
|                                                                                                                        |   | (unaudited) |   |   | (unaudited) |   |
| Assets                                                                                                                      |   |  |   |   |  |   |
| Current assets                                                                                                              |   |  |   |   |  |   |
|  Cash                                                                                                                  |   | $ | 65,806 |   |   | $ | 3,715 |   |
| Accounts receivable                                                                                                         |   |   | 750,090 |   |   |   | 382,782 |   |
| Related party receivables                                                                                                   |   |   |   |   |   |   |   |   |
| Inventory                                                                                                                   |   |   | 52,264 |   |   |   | 47,932 |   |
| Note receivable                                                                                                             |   |   | 0 |   |   |   | 100 |   |
| Total current assets                                                                                                        |   |   | 868,160 |   |   |   | 434,529 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Property & equipment, net of accumulated - net                                                                          |   |   | 4,224 |   |   |   | 4,005 |   |
| Intangible property, net of accumulated – net                                                                         |   |   | 95,489 |   |   |   | 1,698 |   |
| Marketable Securities                                                                                                       |   |   | 34,850,000 |   |   |   | 34,850,000 |   |
| Investment in Subsidiary                                                                                                    |   |   |   |   |   |   | 93,165 |   |
| Security Deposits                                                                                                           |   |   | 2,305 |   |   |   | 2,205 |   |
| Total Assets                                                                                                                |   | $ | 35,820,178 |   |   | $ | 35,385,474 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Liabilities and Stockholders' Equity                                                                                        |   |   |   |   |   |   |   |   |
| Current liabilities                                                                                                         |   |   |   |   |   |   |   |   |
| Accounts payable                                                                                                            |   | $ | 46,534 |   |   | $ | 26,400 |   |
| Accrued expenses                                                                                                            |   |   | 951,171 |   |   |   | 880,371 |   |
| Notes Payable                                                                                                               |   |   | 578,786 |   |   |   | 457,204 |   |
| Deferred Revenue                                                                                                            |   |   | 570,000 |   |   |   | 190,000 |   |
| Loans and notes payable, related parties                                                                                    |   |   | 0 |   |   |   | - |   |
| Total current liabilities                                                                                                   |   |   | 2,146,491 |   |   |   | 1,553,975 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Notes payable to shareholder – Related Parties                                                                        |   |   | 32,355 |   |   |   | 113,169 |   |
| Total liabilities                                                                                                           |   |   | 2,178,846 |   |   |   | 1,667,144 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Stockholders' Equity                                                                                                        |   |   |   |   |   |   |   |   |
| Preferred stock, $.0001 par value, 100,000,000 shares authorized,  10,000,000 and 0 shares issued and outstanding |   |   | 1,000 |   |   |   | 1,000 |   |
| Common stock, $.0001 par value, 4,900,000,000 shares authorized,                                                            |   |   |   |   |   |   |   |   |
|   1,118,802,849 and  731,525,768 shares issued and outstanding, respectively                                      |   |   |   |   |   |   |   |   |
|                                                                                                                        |   |   | 111,880 |   |   |   | 73,153 |   |
| Additional paid-in capital                                                                                                  |   |   | 41,264,191 |   |   |   | 41,112,757 |   |
| Minority interest in subsidiary                                                                                             |   |   | 0 |   |   |   |   |   |
| Accumulated deficit                                                                                                         |   |   | (7,735,739 | ) |   |   | (7,468,578 | ) |
| Total stockholders' equity                                                                                                  |   |   | 33,641,332 |   |   |   | 33,718,331 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| Total Liabilities and Stockholders' Equity                                                                                  |   | $ | 35,820,178 |   |   | $ | 35,385,474 |   |
|                                                                                                                        |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements.                                                  |   |
|                                                                                                                   |   |

----

| FUTUREWORLD CORP.                     |
|---------------------------------------|
| Consolidated Statements of Operations |
| (unaudited)                           |
|                                                                         |   | For the Three Months Ended |        |
|-----------------------------------------------------------------------------------|--------|----------------------------|-------------|
|                                                                              |   | June 30,                   |        |
|                                                                              |   | 2015                       |        |   | 2014 |   |
|                                                                              |   |                            |        |   |  |   |
| Revenues                                                                          |   | $                          | 7,320       |   |   | $ | 309 |   |
| Direct costs                                                                      |   |                       | 7,923       |   |   |   | 182 |   |
|                                                                              |   |                       |        |   |   |   |   |   |
| Gross Profit                                                                      |   |                       | -603        |   |   |   | 127 |   |
|                                                                              |   |                       |        |   |   |   |   |   |
| Operating expenses:                                                               |   |                       |        |   |   |   |   |   |
| Salaries and benefits                                                             |   |                       | 123,609     |   |   |   | 81,080 |   |
| Consulting                                                                        |   |                       | 1,000       |   |   |   | - |   |
| Professional fees                                                                 |   |                       | 64,074      |   |   |   | 57,800 |   |
| General and administrative                                                        |   |                       | 48,819      |   |   |   | 14,933 |   |
| Amortization and depreciation                                                     |   |                       | 6,632       |   |   |   | 19,883 |   |
| Total operating expenses                                                          |   |                       | 244,134     |   |   |   | 173,570 |   |
|                                                                              |   |                       |        |   |   |   |   |   |
| Other income (expense):                                                           |   |                       |        |   |   |   |   |   |
| Interest expenses                                                                 |   |                       | (22,424     | ) |   |   | (5,301 | ) |
| Sale of assets, net                                                               |   |                       |        |   |   |   | - |   |
| Total other (expense)                                                             |   |                       | (22,424     | ) |   |   | (5,301 | ) |
|                                                                              |   |                       |        |   |   |   |   |   |
| Loss from operations before income taxes                                          |   |                       | (267,161    | ) |   |   | (100,778 | ) |
|                                                                              |   |                       |        |   |   |   |   |   |
|           Provision for income taxes |   |                       | 0           |   |   |   | - |   |
|                                                                              |   |                       |        |   |   |   |   |   |
| Loss from operations before minority interest                                     |   |                       | (267161     | ) |   |   | (178,871 | ) |
|                                                                              |   |                       |        |   |   |   |   |   |
|           Minority Interest          |   |                       | 0           |   |   |   | - |   |
|                                                                              |   |                       |        |   |   |   |   |   |
| Net loss                                                                          |   | $                          | (267,161    | ) |   | $ | (178,871 | ) |
|                                                                              |   |                       |        |   |   |   |   |   |
|                                                                              |   |                       |        |   |   |   |   |   |
| Earnings (loss) per share:                                                        |   |                       |        |   |   |   |   |   |
| Basic                                                                             |   | $                          | (0.0002     | ) |   | $ | (0.0004 | ) |
| Weighted average shares outstanding                                               |   |                       |        |   |   |   |   |   |
| Basic                                                                             |   |                       | 947,648,455 |   |   |   | 416,373,966 |   |

----

| FUTUREWORLD CORP.                                                          |   |
|----------------------------------------------------------------------------|--------|
| Consolidated Statements of Cash Flows                                      |   |
| (unaudited)                                                                |   |
|                                                                  |   | For the three Months Ending |   |
|                                                                       |   | June 30, |   |
|                                                                       |   | 2015 |   |   | 2014 |   |
|                                                                       |   |  |   |   |  |   |
| Cash Flows from Operating Activities:                                      |   |  |   |   |  |   |
|    Net (loss) income                                        |   | $ | (267,161 | ) |   | $ | (178,871 | ) |
| Adjustment to reconcile Net Income to net                                  |   |   |   |   |   |   |   |   |
| cash provided by operations:                                               |   |   |   |   |   |   |   |   |
|    Depreciation and amortization                            |   |   | 6,632 |   |   |   | 19,883 |   |
|    Stock based compensation                                 |   |   | 0 |   |   |   | - |   |
|    Amortization of debt discount                            |   |   | 0 |   |   |   | - |   |
| Changes in assets and liabilities:                                         |   |   |   |   |   |   |   |   |
|    Accounts receivable                                      |   |   | 61,615 |   |   |   | (82 | ) |
|    Notes receivable                                         |   |   | (60,785 | ) |   |   |   |   |
|    Inventory                                                |   |   | (4,332 | ) |   |   | (11,485 | ) |
|    Due from affiliate                                       |   |   |   |   |   |   |   |   |
|    Related party  loans                                |   |   | (80,814 | ) |   |   |   |   |
|    Prepaid and other                                        |   |   |   |   |   |   | (2,332 | ) |
|    Accounts payable                                         |   |   | 20,136 |   |   |   | 937 |   |
|    Accrued expenses                                         |   |   | 70,800 |   |   |   | 47,944 |   |
| Net Cash (Used) Provided by Operating Activities                           |   |   | (253,909 | ) |   |   | (124,006 | ) |
|                                                                       |   |   |   |   |   |   |   |   |
| Cash flows from Investing Activities:                                      |   |   |   |   |   |   |   |   |
|    Other                                                    |   |   | 0 |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Net Cash (Used) Provided by investing Activities                           |   |   | (0 | ) |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities:                                      |   |   |   |   |   |   |   |   |
|   Proceeds from issuance of stock                                |   |   | 316,000 |   |   |   | (100,825 | ) |
| Repayments of notes payable                                                |   |   |   |   |   |   | 79,464 |   |
|   Proceeds from financing activity                               |   |   |   |   |   |   | 276,805 |   |
| Net Cash Provided (Used) by Financing Activities                           |   |   | 316,000 |   |   |   | 255,444 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Net increase/decrease in Cash                                              |   |   | 62,091 |   |   |   | 131,438 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Cash at beginning of period                                                |   |   | 3,715 |   |   |   | 2,000 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Cash at end of period                                                      |   | $ | 65,806 |   |   | $ | 133,438 |   |
|                                                                       |   |   |   |   |   |   |   |   |
| Supplemental cash flow information:                                        |   |   |   |   |   |   |   |   |
| Interest paid                                                              |   | $ | 22,424 |   |   | $ | - |   |
| Taxes paid                                                                 |   | $ | 0 |   |   | $ | - |   |
|                                                                       |   |   |   |   |   |   |   |   |
|                                                                       |   |   |   |   |   |   |   |   |
| The accompanying notes are an integral part of these financial statements. |   |

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|   |    |                                                                                                                                                                                                                        |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | ● | Cash and Cash Equivalents, Accounts Receivable, Prepaid Expenses, Accounts Payable,  and  Accrued Expenses :                                                                                            |
|   |    | The carrying amount reported in the balance sheets for these items approximates fair value because of the short maturity of these instruments.                                                                         |
|   | ● | Loans and Notes Payable to Related Parties:                                                                                                                                                                                 |
|   |    | The carrying value of loans and notes payable to related parties approximates fair value as each of the notes payable carries an interest rate commensurate with commercial borrowing rates available to the Company.  |
|   |    | As of June 30, 2015 and March 31, 2015, the fair values of the Company's financial instruments approximate their historical carrying amount.                                                                                |

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----

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|                              |   | June 30, 2015 |   |   | March, 31, 2015 |   |
|-----------------------------------|--------|---------------|--------|--------|-----------------|--------|
|                              |   |               |   |   |                 |   |
| Computer equipment                |   | $             | -      |   |            | $      | - |   |
| Furniture and fixtures            |   |          | 4,700  |   |            |   | 4,005 |   |
|                              |   |          | -      |   |            |   | - |   |
| Accumulated depreciation          |   |          | (476   | )      |            |   | (128 | ) |
|      Net |   | $             | 4,224  |   |            | $      | 3,877 |   |
|                        |   | June 30, 2015 |    |   | March 31, 2015 |   |
|-----------------------------|--------|---------------|---------|--------|----------------|--------|
|                        |   |               |    |   |                |   |
| HempTech Product Technology |   | $             | 100,000 |   |           | $      | 100,000 |   |
| Trademarks                  |   |          | 2,659   |   |           |   | 333 |   |
|                        |   |          | -       |   |           |   | - |   |
| Accumulated Amortization    |   |          | (7170   | )      |           |   | (7,170 | ) |
|  Intangibles, Net |   | $             | 95,489  |   |           | $      | 93,164 |   |

----

|                               |   | June 30, 2015 |    |   | March 31, 2015 |   |
|------------------------------------|--------|---------------|---------|--------|----------------|--------|
|                               |        |               |         |        |                |        |  |  |
| Accrued salaries and payroll taxes |   | $             | 792,750 |   |           | $      | 742,372 |   |
|                               |   |          |    |   |           |   |   |   |
| Accrued interest                   |   |          | 158,421 |   |           |   | 137,999 |   |
| Accrued penalties                  |   |          |    |   |           |   | - |   |
|                               |   | $             | 951,171 |   |           | $      | 880,371 |   |

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| · | We do not have adequate personnel and other resources to assure that significant and complex transactions are timely analyzed and reviewed.                                                                                                                                                                                                                                                                                                 |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| · | We have limited personnel and financial resources available to plan, develop, and implement disclosure and procedure controls and other procedures that are designed to ensure that information required to be disclosed in our periodic reports filed or submitted 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.  |
| · | Our limited financial resources restrict our employment adequate personnel needed and desirable to separate the various receiving, recording, reviewing and oversight functions for the exercise effective control over financial reporting.                                                                                                                                                                                                |
| · | Our limited resources restrict our ability to ensure that information required to be disclosed in our periodic reports filed under the Exchange Act is accumulated and communicated to management to allow timely decisions regarding required disclosure.                                                                                                                                                                                       |

----

| Item 1 | Legal Proceedings. |
|--------|--------------------|
| Item 1A | Risk Factors. |
|---------|---------------|
| Item 2 | Unregistered Sales of Equity Securities and Use of Proceeds. |
|--------|--------------------------------------------------------------|
| Item 3 |  Defaults Upon Senior Securities. |
|--------|----------------------------------------|
| Item 4 |  Removed and Reserved. |
|--------|-----------------------------|

----

| Item 5 |  Other Information. |
|--------|--------------------------|
| Item 6 |  Exhibits. |
|--------|-----------------|

----