Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

(Mark One)

FORM 10-K



[X] ANNUAL REPORT PURSUANT TO SECTION 13
OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



For the fiscal year ended December 31,
2016

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
333-175003



Mojo
Data Solutions, Inc.

(Exact name of registrant as specified in its charter)





|Puerto Rico                    |  | 66-0808398         
|------------------------------ |  | -------------------
|State or other jurisdiction of |  | (I.R.S. Employer   
|incorporation or organization  |  | Identification No.)





319 Dorado Beach
East

Dorado, Puerto
Rico 00646

(Address of principal
executive offices) (Zip Code)



(631) 521-9700

Registrant’s telephone number, including area code



Securities registered
pursuant to Section 12(b) of the Act:

None



Securities registered pursuant
to section 12(g) of the Act:



Common Stock. $.001
par value

(Title of class)



Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [_] No [X]



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
[X]



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 [_] 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 [_] No [X]



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. [_]





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



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



If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. [_]



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





The aggregate market value of voting common stock held by non-affiliates
computed by reference to the price at which the common stock was last sold on June 30, 2014, was $289,000. All (i) executive officers
and directors of the registrant and (ii) all persons who hold 10% or more of the registrant’s outstanding common stock,
have been deemed, solely for the purpose of the foregoing calculation, to be “affiliates” of the registrant. Accordingly,
effective as of June 30, 2014, the registrant’s aggregate market value was less than $50 million and the registrant qualifies
for “smaller reporting company” status under Rule 12b-2 of the Exchange Act and is subject to the disclosure requirements
and filing deadlines for smaller reporting companies.



As of September 6, 2018, there were 38,755,060
shares outstanding of the registrant’s common stock.



DOCUMENTS INCORPORATED BY REFERENCE

None.
















MOJO DATA SOLUTIONS,
INC.

Table of Contents





|         |                                                                                                              |   
|-------- | ------------------------------------------------------------------------------------------------------------ | --
|         |                                                                                                              |   
|PART I   |                                                                                                              |   
|Item 1.  | Business                                                                                                     | 3 
|Item 1A. | Risk Factors                                                                                                 | 8 
|Item 1B. | Unresolved Staff Comments                                                                                    | 8 
|Item 2.  | Properties                                                                                                   | 8 
|Item 3.  | Legal Proceedings                                                                                            | 8 
|Item 4.  | Mine Safety Disclosures                                                                                      | 8 
|         |                                                                                                              |   
|PART II  |                                                                                                              |   
|Item 5.  | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 9 
|Item 6.  | Selected Financial Data                                                                                      | 10
|Item 7.  | Management’s Discussion and Analysis of Financial Condition and Results of Operations                        | 10
|Item 7A. | Quantitative and Qualitative Disclosures About Market Risk                                                   | 12
|Item 8.  | Financial Statements and Supplementary Data                                                                  | 12
|Item 9.  | Change in and Disagreements with Accountants on Accounting and Financial Disclosure                          | 13
|Item 9A. | Controls And Procedures                                                                                      | 13
|Item 9B. | Other Information                                                                                            | 14
|         |                                                                                                              |   
|PART III |                                                                                                              |   
|Item 10. | Directors, Executive Officers, and Corporate Governance                                                      | 15
|Item 11. | Executive Compensation                                                                                       | 16
|Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters               | 18
|Item 13. | Certain Relationships and Related Transactions, and Director Independence                                    | 19
|Item 14. | Principal Accountant Fees and Services                                                                       | 19
|         |                                                                                                              |   
|PART IV  |                                                                                                              |   
|Item 15. | Exhibits and Financial Statement Schedules                                                                   | 20
|Item 16. | Exhibits                                                                                                     |   













2






PART I



Item 1. Business



Company’s History





Mojo Data Solutions Inc. (The
Company) was incorporated on July 8, 2010 in the State of Nevada under the name of Authentic Teas, Inc. (“AUTT”). On
September 16, 2013, the Company was re-domesticated in the Commonwealth of Puerto Rico by merging AUTT with Puerto Rico Corporation,
“MOJO Data Solutions, Inc.”, which was formed on August 21, 2013 for the purpose of the re-domestication. Under the
re-domestication, each outstanding share of AUTT common stock was automatically converted into one share of MOJO common stock.
On October 11, 2013, the OTCBB symbol of the Company’s common stock was changed from AUTT to MJDS.



On September 27, 2013, the Company entered
into an Asset Purchase Agreement with Mobile Data Systems, Inc. (“MDS”) pursuant to which MOJO agreed to purchase all
of the intellectual property and substantially all of the tangible assets of MDS (the “MDS Asset Purchase”). On January
31, 2014, the Company closed on the MDS Asset Purchase in consideration of $190,000 in cash and a one-year unsecured 5% convertible
promissory note in the principal amount of $80,000 payable to Joseph Spiteri, a sole officer and director which note is convertible
at any time into shares of the Company’s common stock at $0.05 per share. The Cash Amount was utilized to repay and satisfy
the outstanding indebtedness under a certain Loan Promissory Note dated September 19, 2011, by and between MDS, as the borrower,
and the Long Island Development Corporation, a New York State not-for-profit corporation, as the lender.



Upon the closing of the acquisition with
MDS, the business of MDS became the business of MOJO.



The Head
Office of the Company is situated at 39 Dorado Beach East, Dorado, Puerto Rico 00646.



Company Overview



The Company develops smartphone
applications that enable brands and consumers to interact with traditional media delivering digital content back to the
handset. We embed proprietary visual and audible “tags” in products or print, TV and radio advertising. Consumers
can use their smartphones to scan, touch or listen to the tags and interact with digital content, offers, and promotions to
make immediate purchases and/or verify the authenticity of the product.



The Company focuses on retail, media and
entertainment, and pharmaceutical verticals.





Through the proprietary and
licensed intellectual property, the Company is engaged in developing technologies to deliver a fully integrated, multimedia mobile
visual search, discovery, content delivery and consumer activation platform, combining a simple, elegant user experience on the
handset, with sophisticated data processing and campaign management tools including its audio and digital watermarking technologies
which enables the imperceptible transmission of data within audio signals, allowing the attachment of property rights or additional
data to the customer of the audio material. Digital watermarks consist of indiscernible information that can be inserted
into images, audio data or videos which can also be used to check the authenticity of copies by authorized persons and provide
evidence whether the product was legally acquired or has been tampered with in some way.











3








The goal is to work closely
with large brands and the advertising and marketing agencies to serve them to enhance traditional advertising and marketing campaigns.
The Company intend to achieve this by creating exciting consumer experiences enabled through all forms of mobile tags and barcodes,
including the simplest UPC symbols, to the most advanced image recognition and audio watermarking, using its Mojo Tags multimedia
reader.





The Company intends for its
technologies to interoperate seamlessly with existing, large-scale systems, including retail point-of-sale, customer relationship
management, campaign management, digital loyalty, inventory, track-and-trace and mobile operating systems.





In addition to having mastered
the integration of mobile tags and barcode solutions onto popular smartphone operating systems (iOS and Android), the goal is
to specialize in helping its clients improve their financial performance by enabling practical and profitable business models
and revenue streams.



Company Highlights



To date, the Company has achieved
the following





| | · | Developed the Mojo Campaign Management Suite encompassing several products, including Mojo Tags, Mojo Touch and Mojo Insights.
The Mojo Campaign Management Suite with its carrier grade back-end can handle millions of simultaneous consumer transactions and
provides brand protection for companies seeking anti-counterfeiting, diversion and track and trace capabilities.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Developed the innovative FadeMark process. FadeMark is one of few covert brand protection methods that thwart counterfeiters’
duplication efforts.
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------



Campaign Management Suite



The MOJO Campaign Management Suite offers
a complete solution for managing campaigns, activating consumers and protecting a company’s brand. The Mojo Campaign Management
Suite covers tag and barcode creation, campaign management, real-time decision making, marketing analytics, data integration, content
delivery and consumer engagement.



The Company’s Campaign Management
Suite includes Mojo Tags, Mojo Touch and Mojo Insights.



Mojo Tags



Mojo Tags connects the physical world to
the digital world. Mojo Tags are used in print, images, audio and packaging to allow consumers using smartphones to connect with
the digital content and experiences of brands. It could be a “Play Video” button for product information, “Buy
Now” button that a company places on a product or a “Check In” button on a storefront window. Mojo Tags are buttons
for the physical world, which enable customer interaction using any Apple iOS or Android phone or tablet. There are a variety of
Mojo Tags that can be created, managed and tracked with the Mojo Campaign Management Suite for use in media, i.e., Visual Tags
including QR Code and UPC, Audio Tags, Picture Tags, Invisible Tags, Secure Tags and NFC Tags.



Mojo Insights



Mojo Insights offers (to companies) innovative
solutions for managing their mobile campaigns and connecting consumers to Internet content from traditional media. We deliver a
fully integrated, multimedia mobile visual search and content delivery platform, combining a simple, elegant user experience on
the handset, with sophisticated data processing and campaign management tools. The user friendly designed reports display everything
a company needs to know about its campaigns with up-to-the-minute data and analytics.



In addition to time, place, and location-aware
metrics, when the Mojo Tag App is used for scanning, additional demographic profile data is available including age, gender, geographic
location, and income and language preference.









4






Mojo Tags App



The Mojo Tags app is now available on the
iTunes App Store and Google Play. Scanning a tag is as simple as opening the Mojo Tags app and placing a tag within the sights
or having the App listen to the audio track of any media.



How the Mojo Tags App works:

| | 1. | Consumer uses a smartphone to scan or listen to tags found
in print, audio, pictures and packaging.
| | -- | ---------------------------------------------------------------------------------------------------

| | 2. | The Mojo Tags App decodes the tag and transmits the data
from the smartphone, over the network to the content server.
| | -- | ---------------------------------------------------------------------------------------------------------------------

| | 3. | The content server performs a lookup of decoded data and
responds with the correlated URL or action, based on campaign parameters, device-provided contextual data e.g., location, place,
time, profile, etc.
| | -- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4. | URL or action is received by consumer’s smartphone.
| | -- | ---------------------------------------------------

| | 5. | Smartphone launches web browser and presents designated
content and experience.
| | -- | -------------------------------------------------------------------------------



The Mojo Tags app detects digital watermarks
in print and audio and also reads QR Codes and UPC barcodes. The Mojo Tags app also does Image Recognition and BLE beacon detection.
The Company’s proprietary FadeMark process makes it impossible for counterfeiters to successfully reproduce packaging, inserts
or labels. FadeMarks cannot be counterfeited or replicated. The embedded FadeMark authenticates a product at every point in the
supply chain. Counterfeit products are immediately exposed as frauds when scanned with a smartphone.



Technology



The MOJO Tags system consists of the following
four proprietary integral pieces: (i) the Mobile Application(s) that resides on the mobile phone; (ii) the Content Server; (iii)
the SQL Database; and (iv) the Campaign Manager.



Mobile Application.
The Mobile Application reads the media presented (Audio, Video, Image, and Touch) and extracts the hidden data. The Application
then submits this data along with demographic and location data to the MOJO Tags Content Server. The Application then processes
the response from the Content Server and presents the digital content for the user to interact with.



Content Server.
The Content Server processes the submitted code and, based on certain criteria, determines where to query a response from. The
query can be directed to the MOJO Tags database or a third party customer database (i.e. Best Buy, Sears, etc.). Once a
response is received, it is formatted and directed back to the Mobile Application that submitted the request.



SQL Database.
The SQL Database is responsible for data processing and storage. The Content Server submits queries to the SQL Database by calling
remote stored procedures. These stored procedures parse the data into its components parts. Demographic and location data are stored
in the database and code payoff information is retrieved from the database. The database also receives remote procedure calls from
the Campaign Manager in order to update code information or to report on code activity.



Campaign Manager.
The Campaign Manager is the user interface into the data storage. It allows users to customize the response to a particular code
in the system. The Campaign Manager also allows users to generate reports on code usage, generate analytics and manage campaigns
on a daily basis.











5






Watermarking and Retrieval
Software. The technology incorporates and works with a third party’s software. Pursuant to a license agreement, dated
October 9, 2013, between Fraunhofer Geselleschaft zür Forderung der angerwandten Forschung e.V. (“FhG”),
Europe’s largest application-oriented research organization ]based in Munich,
Germany, for its Institute for Secured Information Technology and MDS which was assigned by MDS on the closing of the MDS Asset
Purchase with the consent of FhG. We have the non-exclusive worldwide right to use FhG’s “Audio and Video Watermarking
Software” and “Watermark Detector Software” (collectively, the “Software”) to watermark and
retrieve media files by embedding binary codes in advertisements and television programs transmitted via broadcast and to retrieve
such embedded codes from such advertisements and television programs with the help of a mobile phone or similar device. The term
of the license agreement commenced on November 1, 2013 and it may be terminated upon six months’ notice, effective at the
end of a calendar quarter. Our royalty payments to FhG are payable every six months and are based upon revenues derived from the
Software, with a mandatory minimum royalty payment. Our technology works with the Software and although our license for the Software
is non-exclusive, we hold the exclusive rights to use our technology and products which are derivative works of the Software.



All of our products are currently fully
developed and working. We will continue to update our products to newer operating environments.



Sources and Availability of Raw Materials





Everything the Company needs to develop and improve its products
is readily available.



Intellectual Property





The Company do not currently
hold any registered patents, copyrights or trademarks. The Company currently own its website’s domain name www.mojotags.com.
It has developed proprietary technologies around its multimedia reader for the Mojo Tags application. The multimedia reader is
a one-of-a kind reader which the Company believes has no competition in the marketplace today. The Company intends to apply for
specific patents around its proprietary intellectual property and trade secrets supporting the reader and the campaign management
platform.







The Company relies on trade
secret protection and confidentiality agreements to protect proprietary market, business and technical information and know-how
that is not or may not be patentable or that it elects not to be patent. However, confidential information and trade secrets can
be difficult to protect. Moreover, the information embodied in the Company’s trade secrets and confidential information
may be independently and legitimately developed or discovered by third parties without any improper use of or reference to information
or trade secrets. The Company seek to protect the market, technical and business information supporting its operations, as well
as the confidential information relating specifically to its products by entering into confidentiality agreements with parties
to whom the Company needs to disclose its confidential information to, such as its employees, consultants, board members, contractors
and investors. However, the Company cannot be certain that such agreements have been entered into with all relevant parties. The
Company also seeks to preserve the integrity and confidentiality of its data and trade secrets by maintaining physical security
of its premises and physical and electronic security of its information technology systems, but it is possible that these security
measures could be breached. While the Company has confidence in these individuals, organizations and systems, agreements or security
measures may be breached, and the Company may not have adequate remedies for those breaches. The confidential information and
trade secrets thus may become known by its competitors in ways the Company cannot prove or remedy.





The Company expect all of its employees
and consultants to assign their inventions to the Company, and all of its employees, consultants, advisors and any third parties
who have access to the Company’s proprietary know-how, information or technology to enter into confidentiality agreements,
however, the Company cannot provide any assurances that all such agreements have been duly executed.



The Company cannot guarantee
that its trade secrets and other confidential proprietary information will not be disclosed or that competitors will not otherwise
gain access to the Company’s trade secrets or independently develop substantially equivalent information and techniques.
For example, any of these parties may breach their agreements and disclose the Company’s proprietary information, including
its trade secrets, and the Company may not be able to obtain recourse for such breaches. Misappropriation or unauthorized disclosure
of the Company’s trade secrets could impair its competitive position and may have a material adverse effect on its business.
Additionally, if the steps taken to maintain the Company’s trade secrets are deemed inadequate, it may have insufficient
recourse against the parties misappropriating those trade secrets.















6






Marketing and Distribution



Principal Markets





The goal of the Company is to establish
relationships and work closely with large brands and the advertising and marketing agencies who serve them to enhance traditional
advertising and marketing campaigns. The Company intend to achieve this by creating exciting consumer experiences enabled through
all forms of mobile tags and barcodes, including the simplest UPC symbols, to the most advanced image recognition and audio watermarking,
using its Mojo Tags multimedia reader. The Company does not currently has any contractual arrangements with any such brands and/or
agencies.



The Company intends for its technologies
to interoperate seamlessly with existing, large-scale systems, including retail point-of-sale, customer relationship management,
campaign management, digital loyalty, inventory, track-and-trace and mobile operating systems.



In addition to having mastered the
integration of mobile tag and barcode solutions, the goal is to specialize in helping our clients improve their financial performance
by enabling practical and profitable business models and revenue streams. The Company do not currently have any customer agreement.



Dependence on Specific Customer
or Customers





The business of the Company
is not currently dependent on specific customers, the loss of any one or more of which would have a material adverse effect on
its business.



Industry and Competition





The Company operates in a highly competitive,
consumer-driven and rapidly changing environment. The success of the Company is, to a large extent, dependent on its ability to
acquire, develop, adopt, upgrade and exploit new and existing technologies to address consumers’ changing demands and distinguish
its services from its competitors, most of which have greater resources than the Company and have a longer operating history.
The Company may not be able to accurately predict technological trends or the success of new products and services. If the Company
chooses technologies or equipment that are not as effective, cost-efficient or attractive to its customers than those chosen by
its competitors, or if it offer services that fail to appeal to consumers, are not available at competitive prices or that do
not function as expected, the competitive position of the Company could deteriorate, and its business, financial condition and
results of operation could suffer.



The Company’s competitive position
will be adversely affected by the introduction of new technologies, products and services by its competitors. Furthermore, advances
in technology, decreases in the cost of existing technologies or changes in competitors’ product and service offerings may
require the Company in the future to make additional research and development expenditures or to offer at no additional cost or
at lower prices, certain products and services that the Company currently offer to customers separately or at a premium. In addition,
the uncertainty of the Company’s ability and the costs to obtain intellectual property rights from third parties could impact
its ability to respond to technological advances in a timely and effective manner.



Technology in the Company’s industry changes
rapidly which could cause its products and services to become obsolete. The Company may not be able to keep pace with technological
developments. If the new technologies on which the Company intends to focus its research and development investments fail to achieve
acceptance in the marketplace, the competitive position of the Company could be negatively impacted limiting or even preventing
the Company from becoming profitable. The Company may also be at a competitive disadvantage in developing and introducing complex
new products and services due to the substantial costs that the Company may incur in producing these products or services, For
example, its competitors could use proprietary technologies that are perceived by the market as being superior. Further, after
the Company has incurred substantial costs, one or more of the products or services the Company or its strategic partners are
developing could become obsolete prior to it being widely adopted.











7








The Company expects to continue to face
increased threats from companies who use the Internet to deliver services similar to the Company’s as the speed and quality
of broadband and wireless networks continues to improve. The industry is subject to rapid technological change, and the Company
must make substantial investments in new products, services and technologies to compete successfully. Technological innovations
generally require a substantial investment before they are commercially viable. The Company intends, subject to financing, to
continue to make substantial investments in developing new products and technologies, and it is possible that the development
efforts of the Company will not be successful and that the Company’s new technologies will not result in meaningful revenues.



The Company’s products, services
and technologies face significant competition, and any revenues generated or the timing of their deployment, which may be dependent
on the actions of others, may not meet its expectations. Competition in the communications industry is affected by various factors
that include, among others: evolving industry standards and business models; evolving methods of transmission for voice and data
communications; networking; value-added features that drive replacement rates and selling prices; turnkey, integrated product
offerings that incorporate hardware, software, user interface and applications; and scalability and the ability of the system
technology to meet customers’ immediate and future network requirements.



The Company intends that advertising will produce
the predominant share of its revenues, if any. With the continued development of alternative forms of media, particularly electronic
media including those based on the Internet, the businesses may face increased competition. Alternative media sources may also
affect the Company’s ability to generate revenues. This competition may make it difficult for the Company to grow or generate
revenues, which the Company believes will challenge it to expand the contributions of its business.



Item 1A. Risk Factors



The information to be reported under this
Item is not required of smaller reporting companies. However, there have been no material changes from the risk factors previously
disclosed in our Report on Form 8-K for the fiscal year ended December 31, 2013, filed with the SEC on October 29, 2014.



Item 1B. Unresolved Staff Comments



Not Applicable



Item 2. Properties





The principal place of business
of the Company is situated at 39 Dorado Beach East, Dorado, Puerto Rico, 00646 and is provided by Joseph
Spiteri, our CEO at a monthly rent of $ 2,500.



Item 3. Legal Proceedings





The Company is not presently a party to any litigation
nor, to our knowledge, is any litigation threatened against it, which may materially affect its business or its assets.



Item 4. Mine Safety Disclosures



Not Applicable











8






PART II



Item 5. Market for Registrant’s Common Equity, Related
Stockholder Matters and Issuer Purchases of Equity Securities





Currently, the Common Stock of
the Company is quoted in the OTC Markets Pink Sheets under the Symbol MJDS. The reported high and low sales prices for its common
stock as reported thereon are shown below for the periods indicated. The quotations reflect inter-dealer prices without retail
mark-up, markdown or commission and may not represent actual transactions.



| |                                        |  | High |   |     | Low | 
| | -------------------------------------- |  | ---- | - | --- | --- | 
| | 2015                                   |  |      |   |     |     | 
| | First quarter ended March 31, 2015     |  |      | $ | .30 |     | 
| | Second quarter ended June 30, 2015     |  |      | $ | .30 |     | 
| | Third quarter ended September
30, 2015 |  |      | $ | .10 |     | 
| | Fourth quarter ended December 31, 2015 |  |      | $ | .23 |     | 
| |                                        |  |      |   |     |     | 
| | 2016                                   |  |      |   |     |     | 
| | First quarter ended March
31, 2016     |  |      | $ | .25 |     | 
| | Second quarter ended June 30, 2016     |  |      | $ | .10 |     | 
| | Third quarter ended September
30, 2016 |  |      | $ | .05 |     | 
| | Fourth quarter ended December 31, 2016 |  |      | $ | .05 |     | 



Dividends and Dividend Policy





The Company has never paid dividends on its Common Stock
and its present policy is to retain anticipated future earnings for use in its business.



Purchases of Equity Securities by the Issuer and Affiliated
Purchasers



None



Securities Authorized for Issuance under Equity Compensation
Plans



None



Recent Sales of Unregistered Securities





In 2014, the Company sold 2,323,260 units of its securities
at $0.25 per unit (the "Units") each Unit consisting of one (1) share of common stock and one (1) common stock purchase
warrant exercisable for a period of five (5) years at $0.50 per share in an offering pursuant to Rule 506 of Regulation D of the
Securities Act of 1933, as amended (the "Securities Act") to accredited investors.



In 2014, the Company also issued 85,000
shares of its common stock to two (2) individuals for services e pursuant to Section 4(a)(2) of the Securities Act.



All transactions were completed under Section 4(a)(2) of the
Securities Act as they were not in connection with any public offering, and the investors were believed to be accredited and financially
sophisticated.









9






Item 6. Selected Financial Data



The information to be reported under this item is not required
of smaller reporting companies.



Item 7. Management’s Discussion and Analysis of Financial
Condition and Results of Operation.



Forward Looking Statements





The following discussion
and analysis of the consolidated financial condition and consolidated results of operations of the Company is for the years
ended December 31, 2015 and 2014 and should be read in conjunction with the consolidated financial statements, and the notes
to those consolidated financial statements that are included elsewhere in this report. This discussion includes
forward-looking statements based upon current expectations that involve risks and uncertainties, such as the Company's plans,
objectives, expectations and intentions. Actual results and the timing of events could differ materially from those
anticipated in these forward-looking statements as a result of a number of factors. The Company uses words such as
“anticipate,” “estimate,” “plan,” “project,” “continuing,”
“ongoing,” “expect,” “believe,” “intend,” “may,”
“will,” “should,” “could,” and similar expressions to identify forward-looking
statements. As used in this report, the terms "MOJO," the "Company," "we," "us,"
"our," and similar terms mean MOJO Data Solutions, Inc., a Puerto Rico corporation.



Company Overview





Since the consummation of the
Asset Purchase Agreement on January 31, 2014, the Company's has been refocusing its business plan and strategy to develop and
monetize the intellectual property assets it purchased from MDS. Preceding the transaction, the Company served as a holding company
for its predecessor's wholly-owned subsidiary, Authentic Teas Inc., a corporation incorporated in the province of Ontario, Canada
on July 8, 2010 (“AUTT Canada”). AUTT Canada historically sold herbal teas online. The Company intends to sell the business
of AUTT Canada in the near future.



MOJO develops smart-phone applications
that enable brands and consumers to interact with media delivering digital content back to the handset. The Company focuses on
retail, entertainment and pharmaceutical verticals.





Through the proprietary and licensed intellectual
property, the Company is engaged in developing technologies to deliver a fully integrated, multimedia mobile visual search, discovery,
content delivery and consumer activation platform, combining a simple, elegant user experience on the handset, with sophisticated
data processing and campaign management tools including its audio and digital watermarking technologies which enables the imperceptible
transmission of data within audio signals, allowing the attachment of property rights or additional data to the customer of the
audio material. Digital watermarks consist of indiscernible information that can be inserted into images, audio data
or videos which can also be used to check the authenticity of copies by authorized persons and provide evidence whether the product
was legally acquired or has been tampered with in some way.



The goal is to work closely with large brands and the advertising and
marketing agencies to serve them to enhance traditional advertising and marketing campaigns. The Company intend to achieve this
by creating exciting consumer experiences enabled through all forms of mobile tags and barcodes, including the simplest UPC symbols,
to the most advanced image recognition and audio watermarking, using its Mojo Tags multimedia reader.











10








The Company intends for its technologies
to interoperate seamlessly with existing, large-scale systems, including retail point-of-sale, customer relationship management,
campaign management, digital loyalty, inventory, track-and-trace and mobile operating systems.



In addition to having mastered the integration
of mobile tag and barcode solutions, our goal is to specialize in helping our clients improve their financial performance by enabling
practical and profitable business models and revenue streams.



Consolidated Results of Operations



Year ended December 31, 2016 compared
to the year ended December 31, 2015





During the year ended December 31, 2016,
the Company generated revenues of $9,000 from a related and non-related party.



During the year ended December 31,
2016, the Company had general and administrative expenses of $47,103 compared to $36,659 during the year ended December 31,
2015. The majority of expenses for the year ended December 31, 2016 were for professional fees related to the regulatory
filings in connection with the consummation of the Asset Purchase Agreement.



Liquidity and Capital Resources



The Company’s working capital as
of December 31, 2016 and 2015 is summarized as follows:



|                             |  | December 31, 2016 |          |   | December 31, 2015 |  
|---------------------------- |  | ----------------- | -------- | - | ----------------- | -
|                             |  |                   |          |   |                   |  
|Current Assets               |  | $                 | 21,474   |   |                   | $
|Current Liabilities          |  | $                 | 508,699  |   |                   | $
|Working Capital (Deficiency) |  | $                 | (487,226 | ) |                   | $



The Company’s cash flow for the years
ended December 31, 2016 and 2015 is summarized as follows:



|                                                     |  | December 31, 2016 |     |   | December 31, 2015 |  
|---------------------------------------------------- |  | ----------------- | --- | - | ----------------- | -
|                                                     |  |                   |     |   |                   |  
|Cash (used in) operating activities                  |  | $                 | (68 | ) |                   | $
|Cash provided by (used in) investing activities      |  | $                 | –   |   |                   | $
|Cash provided by financing activities                |  | $                 | –   |   |                   | $
|Net increase (decrease) in cash and cash equivalents |  | $                 | (68 | ) |                   | $













11








The Company anticipates that its cash
on hand and the revenue that it anticipates generating going forward from its operations will not be sufficient to satisfy all
of its cash requirements for the next twelve month period. The Company requires funds to enable it to address its minimum current
and ongoing expenses as presently, the Company is not generating revenue to meet its operating and capital expenses. The Company
currently does not has committed sources of additional financing and may not be able to obtain additional financing. To acquire
additional financing, the Company plans to raise any such additional capital primarily through equity and debt financing, provided
that such funding is available to it. The issuance of additional equity securities by the Company may result in a significant
dilution in the equity interests of its current stockholders. There is no assurance that the Company will be able to obtain further
funds required for its continued operations or that additional financing will be available to it when needed or, if available,
that it can be obtained on commercially reasonable terms. If the Company is not able to obtain additional financing as required
on a timely basis, it will not be able to meet certain obligations as they become due and it will be forced to scale down or perhaps
even cease its operations.



Off Balance Sheet Arrangements:



The
Company does not has any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other
persons, also known as “special purpose entities” (SPEs).



Item 7A. Quantitative and Qualitative
Disclosures about Market Risk



The information to be reported under this
item is not required of smaller reporting companies.



Item 8. Financial Statements and Supplementary
Data



The Company’s financial statements are
contained in the pages beginning F-1, which appear at the end of this annual report.











12






Item 9. Changes In, and Disagreements
with Accountants on Accounting and Financial Disclosure



None



Item 9A. Controls and Procedures



(a) Evaluation of Disclosure Controls
and Procedures





The Company carried out an evaluation,
under the supervision and with the participation of its Chief Executive Officer ("CEO"), who is also its Principal Financial
Officer ("PFO"), of the design and effectiveness of the Company’s "disclosure controls and procedures"
(as defined under Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934) as of the end of the period covered by
this report. Based on this evaluation, the CEO/PFO concluded that as of the end of the period covered by this report, these disclosure
controls and procedures were not effective. The conclusion that the disclosure controls and procedures were not effective was due
to the presence of the following material weaknesses in disclosure controls and procedures which are indicative of many small companies
with small staff:





| | (i) | inadequate segregation of duties and effective risk assessment
as the Company had only one officer;
| | --- | ---------------------------------------------------------------------------------------------------

| | (ii) | insufficient written policies and procedures for accounting
and financial reporting with respect to the requirements and application of both US GAAP and SEC Guidelines; and
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii) | inadequate security and restricted access to computer systems
including insufficient disaster recovery plans; and
| | ----- | -----------------------------------------------------------------------------------------------------------------

| | (iv) | no written whistleblower policy.
| | ---- | --------------------------------



Once sufficient funds are available, the CEO/PFO plans to implement appropriate
disclosure controls and procedures to remediate these material weaknesses, including:

| | (i) | appointing additional qualified personnel to address inadequate
segregation of duties and ineffective risk management;
| | --- | ----------------------------------------------------------------------------------------------------------------------

| | (ii) | adopt sufficient written policies and procedures for accounting
and financial reporting and a whistle blower policy; and
| | ---- | ------------------------------------------------------------------------------------------------------------------------

| | (iii) | implement sufficient security and restricted access measures
regarding our computer systems and implement a disaster recovery plan.
| | ----- | -----------------------------------------------------------------------------------------------------------------------------------



(b) Management’s Annual Report
on Internal Control over Financial Reporting





The CEO/PFO is responsible for
establishing and maintaining adequate internal control over financial reporting as defined under Rule 13a-15(f) and Rule 15d-15(f)
under the Securities Exchange Act of 1934. As of December 31, 2014 our CEO/PFO assessed the effectiveness of the Company’s
internal control over financial reporting based on the criteria for effective internal control set forth in the 1992 report entitled
"Internal Control - Integrated Framework" published by the Committee of Sponsoring Organizations ("COSO")
of the Treadway Commission. Based on that evaluation, our CEO/PFO concluded that, during the period covered by this report, such
internal controls and procedures were not effective to detect the inappropriate application of US GAAP rules as more fully described
below. This was due to deficiencies that existed in the design or operation of the Company’s internal control over financial
reporting that adversely affected its internal controls.



The matters involving internal controls
and procedures that the Company’s CEO/PFO considered to be material weaknesses under the standards of the Public Company
Accounting Oversight Board were:



| | (a) | lack of a functioning audit committee and lack of a majority
of outside directors on the Company's board of directors, resulting in ineffective oversight in the establishment and monitoring
of required internal controls and procedures;
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (b) | inadequate segregation of duties consistent with control
objectives;
| | --- | --------------------------------------------------------------------

| | (c) | insufficient written policies and procedures for accounting
and financial reporting with respect to the requirements and application of US GAAP and SEC disclosure requirements; and
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (d) | ineffective controls over period end financial disclosure
and reporting processes.
| | --- | ----------------------------------------------------------------------------------





The aforementioned material weaknesses
were identified by the Company's CEO/PFO in connection with his review of the Company’s financial statements as at the end
of reporting period.













13






The CEO/PFO believes that the material
weaknesses set forth above did not have an effect on the Company's financial results. However, the CEO/PFO believes that the lack
of a functioning audit committee and lack of a majority of outside directors on the Company's board of directors, results in ineffective
oversight of the establishment and monitoring of required internal controls and procedures.



The Company will continue to monitor and
evaluate the effectiveness of its internal controls and procedures and its internal controls over financial reporting on an ongoing
basis and are committed to taking action and implementing additional enhancements or improvements as funds allow.



There have been
no significant changes in the Company’s internal controls over financial reporting that occurred during the current reporting
period that have materially affected or are reasonably likely to materially affect, the Company’s internal controls over
financial reporting.



Item 9B. Other Information



None











































14






PART III



Item 10. Directors, Executive Officers and Corporate Goverence





The directors hold office until the next
annual meeting of stockholders and until their successors are elected and qualified. Any director may resign his or her office
at any time and may be removed at any time by the holders of a majority of the shares then entitled to vote. The Board of Directors
appoints the executive officers, and the executive officers serve at the pleasure of the Company’s Board of Directors.



The
directors and executive officers, their ages, positions held, and duration of such are as follows:



|Name           |  | Age |  | Title                                                                                                                                       |  | Director Since:
|-------------- |  | --- |  | ------------------------------------------------------------------------------------------------------------------------------------------- |  | ---------------
|Joseph Spiteri |  | 62  |  | Chief Executive Officer, President,
        Secretary & Treasurer, Chairman
        of the Board of Directors (Principal Executive Officer) |  | August 23, 2013



Professional Experience:
The business experience of our officers and directors is set forth below:



Joseph Spiteri is a software
executive with over thirty years of experience in software architecture, engineering, research, and management. He has specialized
in the areas of wireless data communications, mobile computing, and multi-tier distributed computing architectures. Mr. Spiteri
leads the design, development, and implementation of mobile enterprise applications and custom OEM contract software development.



Mr. Spiteri founded InVision Software in
1995 after a long career as an electrical engineer in the defense electronics industry. In 2004, he founded Mobile Data Systems,
a privately-held New York corporation where he served as President, Chief Executive Officer and board member prior to the sale
of its assets to the Company, In addition to Mr. Spiteri, Ralph M. Amato, age 62, was appointed to serve as a director of the Company
pursuant to a consulting agreement, dated as of August 24, 2013 between the Company and Ventana Capital Partners, LLC (“Ventana”).
The Company determined that Ventana failed to perform in accordance with the terms of that agreement which triggered the termination
of the Ventana consulting agreement and the voluntary resignation of Mr. Amato, the appointed board designee of Ventana, from its
Board of Directors.



Legal Proceedings



During the past ten years, Mr. Spiteri,
our sole director or executive officer has not been:



| | · | The subject of any bankruptcy petition filed by or against any business of which such person was
a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Convicted in a criminal proceeding or is subject to a pending criminal proceeding (excluding traffic
violations and other minor offenses);
| | - | ------------------------------------------------------------------------------------------------------------------------------------------

| | · | Subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any
court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement
in any type of business, securities or banking activities.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Found by a court of competent jurisdiction (in a civil action), the SEC or the Commodity Futures
Trading Commission to have violated a federal or state securities or commodities law, that has not been reversed, suspended, or
vacated.
| | - | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | Subject of, or a party to, any order, judgment, decree or finding, not subsequently reversed, suspended
or vacated, relating to an alleged violation of a federal or state securities or commodities law or regulation, law or regulation
respecting financial institutions or insurance companies, law or regulation prohibiting mail or wire fraud or fraud in connection
with any business entity; or
| | - | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | · | subject of, or a party to, any sanction or order, not subsequently reversed, suspended or vacated,
of any self-regulatory organization, any registered entity or any equivalent exchange, association, entity or organization that
has disciplinary authority over its members or persons associated with a member.
| | - | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





None of the Company’s directors
or officers or, to its knowledge, any affiliates or any beneficial owner of 5% or more of our common stock, or any associate of
such persons, is an adverse party in any material proceeding to, or has a material interest adverse to, us or any of our subsidiaries.











15






Corporate Governance





The Company currently have no standing
audit, compensation or nominating committees or committees performing similar functions, nor has it written audit, compensation
or nominating committee charters. The Board of Directors believes it unnecessary to have such committees at this time because
they can adequately perform the functions of such committees.



The Company do not have any defined policy or procedural requirements
for shareholders to submit recommendations or nominations for directors. The Board of Directors believes that, given the stage
of the Company’s development, a specific nominating policy would be premature until the business operations develop to a
more advanced level. The Company currently do not have any specific or minimum criteria for the election of nominees to the Board
of Directors and it does not have any specific process or procedure for evaluating such nominees. The Board of Directors will
assess all candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.
A shareholder who wishes to communicate with the Board of Directors may do so by directing a written request addressed to the
director at the address on the cover of this report.



Code of Ethics



The
Company has not yet adopted a code of ethics within the definition of Item 406 of Regulation S-K.



Currently, the Company has a
single named executive officer, 3 employees, as well as a few part-time employees and additional consultants. As the Company’s
business continues to grow, and the Company become more experienced as a fully-reporting public company, its Board of Directors
plans to implement a code of ethics.



Section 16(a) Beneficial Ownership
Reporting Compliance





The Company is currently not subject
to Section 16(a) of the Exchange Act as the Company do not have a class of equity securities registered pursuant to section
12 of the Exchange Act.



Item 11. Executive Compensation





As a “smaller reporting company”,
the Company have elected to follow the scaled disclosure requirements for smaller reporting companies with respect to the disclosures
required by Item 402 of Regulation S-K. Under such scaled disclosure, the Company is not required to provide a Compensation, Discussion
and Analysis, Compensation Committee Report and certain other tabular and narrative disclosures relating to executive compensation.



Executive Compensation





The following table sets forth
information concerning the compensation of our principal executive officer for the current reporting period is as follows:



Summary Compensation Table





|Name and Principal Position                     |  | Year |  | Salary
    ($) |  | All Other Compensation
    ($) |  | Total($)
|----------------------------------------------- |  | ---- |  | -------------- |  | ------------------------------ |  | --------
|Joseph Spiteri                                  |  | 2014 |  | –              |  | –                              |  | –       
|President, Chief Executive Officer and Director |  |      |  |                |  |                                |  |         



No accrued compensation is due to any
executive officer or director of the Company. Each executive officer and director will be entitled to reimbursement of expenses
incurred while conducting Company business.



The former executive officers of our predecessor
parent company, AUTT, did not receive any compensation during the current fiscal year nor was any compensation accrued.













16






Employment Agreements or Arrangements



We have not entered into any employment
agreements or arrangements, whether written or unwritten, with our directors or executive officers since our inception. See “Certain
Relationships and Related Transactions; and Director Independence; Consulting Agreement” on page 16 of this Memorandum.



Equity Awards



On October 3, 2013, the Company issued
the following shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), Series
A Preferred Stock, par value $0.001 per share (“Series A Preferred Stock”), and Series B Preferred Stock, par
value $0.001 per share (the “Series B Preferred Stock”) and collectively with the Common Stock and the Series
A Preferred Stock, the “Securities”), to the Company’s officers and directors. The securities were issued
to each individual pursuant to a Stock Purchase Agreement, dated September 20, 2013, between the Company and each individual in
consideration for services rendered and valued at $0.001 per share. The Company relied upon the exemption from the registration
requirements of the Securities Act of 1933 available to the Company pursuant to Section 4(a) (2) (formerly Section 4(2)) promulgated
under the Securities Act due to the fact that the individuals were officers and directors of the Company and the issuances did
not involve a public offering of securities. The Securities are deemed to be “restricted securities” and “control
securities” pursuant to Rule 144 promulgated under the Securities Act, and certificates evidencing the Securities bear the
customary restrictive legends.



Joseph Spiteri (Chief Executive Officer,
Chairman, President, Secretary and Treasurer)

| | · | 3,000,000 shares of Common Stock
| | - | --------------------------------

| | · | 8,000,000 shares of Series A Preferred Stock which shares automatically converted into a like number
of Common Stock on January 1, 2016.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------

| | · | 15,000,000 shares of Series B Preferred Stock which are to be released upon the Company’s
achievement of certain financial milestones as set forth in the Stock Purchase Agreement between the Company and Mr. Spiteri. The
first milestone pursuant to which 7,500,000 of such shares were to be released passed without reaching the milestone and those
shares are deemed to be cancelled and no longer issued and outstanding.
| | - | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Nicholas P. DeVito (Former Chief Operating
Officer)

| | · | 1,500,000 shares of Common Stock.
| | - | ---------------------------------



Ralph M. Amato (Former Director)

| | · | 5,750,000
shares of Series B Preferred Stock, as set forth in the Stock Purchase Agreement between the Company and RDA Equities, LLC, an
entity of which Mr. Amato has voting and dispositive control. The issuance of these shares was dependent upon satisfaction of
certain conditions which were not satisfied and, accordingly, the shares are deemed cancelled and no longer issued or outstanding.
| | - | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------





Other than the foregoing, the
Company have not awarded any shares of stock, options or other equity securities to its directors or executive officers since
its inception. The Company have not adopted any equity incentive plan. The directors and executive officers may receive stock
options at the discretion of its Board of Directors in the future.



Director Compensation



Other than equity compensation set forth
above, no director received or accrued any compensation for his services as a director since our inception.



The Company have no formal plan for compensating
its directors for their services in their capacity as directors. Our directors are entitled to reimbursement for reasonable travel
and other out-ofpocket expenses incurred in connection with attendance at meetings of the Board of Directors.



The Board of Directors
may award special remuneration to any director undertaking any special services on our behalf other than services ordinarily required
of a director.





17








Item 12. Security Ownership of Certain
Beneficial Owners and Management and Related Stockholder Matters



Security Ownership





The following table sets forth, as of
March 31, 2016, certain information known to the Company with respect to the beneficial ownership of its common stock, Series
A Preferred Stock and Series B Preferred Stock by:

| | (i) | each of its directors,
| | --- | ----------------------

| | (ii) | each of the named executive officers and current executive
officers,
| | ---- | --------------------------------------------------------------------

| | (iii) | all of the directors and current executive officers as
a group, and
| | ----- | -------------------------------------------------------------------

| | (iv) | each shareholder known by us to be the beneficial owner
of more than five percent (5%) of such class of securities. Beneficial ownership is determined in accordance with the rules of
the SEC and generally includes voting or investment power with respect to securities.
| | ---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Common
Stock





|Name of Beneficial Owner (1)                     |  | Amount     |     |  | Percent (2)
|------------------------------------------------ |  | ---------- | --- |  | -----------
|Joseph Spiteri                                   |  | 13,200,000 | (3) |  | 52%        
|- CEO, Pres. & Chairman                          |  |            | (4) |  |            
|                                                 |  |            |     |  |            
|Ralph M. Amato                                   |  | 6,610,070  |     |  | 28%        
|                                                 |  |            |     |  |            
|Ralph M. Amato                                   |  | 5,803,260  | (5) |  | %          
|- Former Director                                |  |            |     |  |            
|                                                 |  |            |     |  |            
|All officers and directors as a group (1 person) |  | 13,200,000 |     |  | 52%        



Notes



| | (1) | Unless otherwise noted, the address for each beneficial holder is c/o MOJO Data
    Solutions, Inc., 39 Dorado Beach East, Dorado, Puerto Rico, 00646.                                                                                                                                                                                                                                                                                                                         
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (2) | Based on 16,745,800 shares of common stock issued and outstanding as of March 31, 2016. Shares of common stock subject to options, warrants and convertible securities currently exercisable or convertible, or exercisable or convertible within 60 days, would be counted as outstanding for computing the percentage of the person holding such options, warrants or convertible securities but not counted as outstanding for computing the percentage of any other person.
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (3) | Includes 8,000,000 shares of Common Stock issued upon the automatic conversion of the Series A Preferred Stock  on January 1, 2016 and 1,600,000 shares that are issuable upon the conversion of an $80,000 outstanding convertible note.                                                                                                                                                                                                                                      
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
| | (4) | Excludes 7,500,000 shares of common stock issuable upon the conversion of the Series B Preferred Stock.                                                                                                                                                                                                                                                                                                                                                                        
| | (5) | Held indirectly through RDA Equities, LLC (5,803,260 shares) and Prospect Financial, LLC (1,210070 shares) in which Mr. Amato has voting and dispositive control.                                                                                                                                                                                                                                                                                                              











18






Item 13. Certain Relationships and Related
Transactions, and Director Independence



Certain Relationships and Related Transactions



Asset Purchase Agreement.
Pursuant to the Asset Purchase Agreement, dated September 27, 2013, between the Company and MDS, the Company agreed to purchase
all of the intellectual property and substantially all of the tangible assets of MDS, constituting substantially all of the assets
of MDS, in consideration for $190,000 and an unsecured promissory note for the principal amount of $80,000, bearing interest at
a rate of 5% per year, maturing on the first anniversary date of the date of issuance and convertible by the holder thereof at
any time and from time to time into shares of Common Stock of the Company for $0.05 per share. The shares of Common Stock of the
Company issuable upon the conversion of the Promissory Note will not be registered under the Securities Act and will be deemed
to be restricted pursuant to Rule 144 promulgated under the Securities Act. Joseph Spiteri, MOJO’s President, Chairman, Chief
Executive Officer, Treasurer and Secretary, is also the President and Chief Executive Officer of MDS.



Consulting Agreement. Pursuant
to a Consulting Agreement, dated April 24, 2013, between MDS and Ventana Capital Partners, LLC, a Puerto Rico limited liability
company of which Ralph M. Amato, a director and significant beneficial owner of common stock of the Company, has voting and dispositive
control (“Ventana”), the Company had retained Ventana to provide it with certain services. In consideration
for the services rendered by Ventana, the Company had agreed to issue to RDA Equities, LLC, a Puerto Rico limited liability company
and affiliate of Ventana, up to 5,750,000 shares of Series B Preferred Stock upon the consummation of certain financial milestones.
The term of the Consulting Agreement was to terminate on April 24, 2016, and was terminated prior thereto pursuant to early termination
provisions in the agreement in certain circumstances. Accordingly, the Company is no longer obligated to provide such shares or
board seat.





Other than as disclosed above,
there has been no transaction, since the beginning of the year Current reporting period, or currently proposed transaction, in
which we were or are to be a participant and the amount involved exceeds the lesser of $120,000 or one percent of our total assets
at year-end for the last completed fiscal year, and in which any of the following persons had or will have a direct or indirect
material interest:



| | (i) | Any director or executive officer of our company
| | --- | ------------------------------------------------

| | (ii) | Any person who beneficially owns, directly or indirectly,
shares carrying more than 5% of the voting rights attached to our outstanding shares of common stock;
| | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------

| | (iii) | Any of our promoters and control persons; and
| | ----- | ---------------------------------------------

| | (iv) | Any member of the immediate family (including spouse, parents,
children, siblings and in- laws) of any of the foregoing persons.
| | ---- | --------------------------------------------------------------------------------------------------------------------------------





As at the end of current reporting
period, there were warrants outstanding to purchase 2,323,260 shares of our common stock at $0.50 per share.



Item 14. Principal Accounting Fees and
Services





The Board of Directors has selected Malone
Bailey, LLP ("Malone Bailey") as the independent registered public accounting firm to audit the books and accounts for
the current fiscal year. Malone Bailey has served as our independent accountant since 2013. The aggregate fees billed, or expected
to be billed, for the last two fiscal years, for professional services rendered by Malone Bailey were $ 0.



"Audit fees" are fees billed
for services provided related to the audit of the Company’s annual financial statements, quarterly reviews of the interim
financial statements, and services normally provided by the independent accountant in connection with statutory and regulatory
filings or engagements for those fiscal periods.



"Tax fees" are fees billed,
or to be billed, by the independent accountant for professional services rendered for tax compliance, tax advice and tax planning.



The Board of Directors pre-approves
all services provided by the Company’s independent accountants. The Board of Directors reviewed and approved all of the
above services and fees.









19






PART IV



Item 15. Exhibits, Financial Statement
Schedules



The following documents are filed as part
of or are included in this Annual Report:



| | 1. | Financial statements listed in the Index to Financial Statements,
filed as part of this Annual Report beginning on page F-1; and
| | -- | --------------------------------------------------------------------------------------------------------------------------------



| | 2. | Exhibits listed in the Exhibit Index filed as part of this
Annual Report.
| | -- | -------------------------------------------------------------------------











































20






MOJO DATA SOLUTIONS

Financial Statements

For The Years Ended

December 31, 2016 and 2015



Table of Contents



|                                                                                                                        |  | Page(s)
|----------------------------------------------------------------------------------------------------------------------- |  | -------
|                                                                                                                        |  |        
|Consolidated Balance Sheets as of December 31, 2016 and 2015                                                            |  | F-2    
|                                                                                                                        |  |        
|Consolidated Statements of Operations For the Years Ended December  31, 2016 and 2015                                   |  | F-3    
|                                                                                                                        |  |        
|Consolidated Statement of Changes in Stockholders’ Deficit For the Year Ended January 1, 2016 through December 31, 2016 |  | F-4    
|                                                                                                                        |  |        
|Consolidated Statements of Cash Flows For the Years Ended December 31, 2016 and 2015                                    |  | F-5    
|                                                                                                                        |  |        
|Notes to Consolidated Financial Statements                                                                              |  | F-6    

| |  | 
| |  | 
| |  | 
| |  | 























F-1










Mojo Data Solutions, Inc.

Consolidated Balance Sheets

December 31,



|                                                                                                                                     | Notes | 2016 |          |   | 2015 |  
|------------------------------------------------------------------------------------------------------------------------------------ | ----- | ---- | -------- | - | ---- | -
|                                                                                                                                     |       |      |          |   |      |  
|Assets                                                                                                                               |       |      |          |   |      |  
|                                                                                                                                     |       |      |          |   |      |  
|Assets:                                                                                                                              |       |      |          |   |      |  
|Cash                                                                                                                                 | 4     | $    | 591      |   |      | $
|Accounts receivable                                                                                                                  | 5     |      | 15,477   |   |      |  
|Inventory                                                                                                                            | 6     |      | 2,961    |   |      |  
|Prepaid expenses                                                                                                                     | 7     |      | 2,445    |   |      |  
|Total current assets                                                                                                                 |       |      | 21,474   |   |      |  
|                                                                                                                                     |       |      |          |   |      |  
|Property and equipment, net                                                                                                          | 8     |      | 10,887   |   |      |  
|Intangible assets                                                                                                                    |       |      | 4,615    |   |      |  
|Other assets, net                                                                                                                    |       |      | 1,500    |   |      |  
|                                                                                                                                     |       |      |          |   |      |  
|Total Assets                                                                                                                         |       | $    | 38,476   |   |      | $
|                                                                                                                                     |       |      |          |   |      |  
|Liabilities and Stockholders’ Deficit                                                                                                |       |      |          |   |      |  
|                                                                                                                                     |       |      |          |   |      |  
|Liabilities:                                                                                                                         |       |      |          |   |      |  
|Cash overdraft                                                                                                                       |       | $    | 4,137    |   |      | $
|Accounts payable and accrued expenses                                                                                                | 9     |      | 444,472  |   |      |  
|Tax payable                                                                                                                          |       |      | 2,391    |   |      |  
|Convertible note payable - net of discount                                                                                           | 10    |      | 57,699   |   |      |  
|Total current liabilities                                                                                                            |       |      | 508,699  |   |      |  
|                                                                                                                                     |       |      |          |   |      |  
|Notes payable                                                                                                                        | 11    |      | 179,539  |   |      |  
|Total Liabilities                                                                                                                    |       |      | 688,238  |   |      |  
|                                                                                                                                     |       |      |          |   |      |  
|Commitments and contingencies                                                                                                        |       |      |          |   |      |  
|                                                                                                                                     |       |      |          |   |      |  
|Stockholders’ Deficit                                                                                                                |       |      |          |   |      |  
|Series A Preferred stock, $0.001 par value; 100,000,000 shares authorized; 8,000,000 shares issued and outstanding                   |       |      | 8,000    |   |      |  
|Series B Preferred stock, $0.001 par value; 100,000,000 shares authorized; 15,000,000 shares issued and outstanding                  |       |      | 15,000   |   |      |  
|Common stock, $0.001 par value; 300,000,000 shares authorized; 15,755,060 and 15,755,060 shares issued and outstanding, respectively | 15    |      | 15,755   |   |      |  
|Additional paid in capital                                                                                                           |       |      | 75,014   |   |      |  
|Accumulated deficit                                                                                                                  |       |      | (763,531 | ) |      |  
|Total Stockholders’ Deficit                                                                                                          |       |      | (649,762 | ) |      |  
|                                                                                                                                     |       |      |          |   |      |  
|Total Liabilities and Stockholders’ Deficit                                                                                          |       | $    | 38,476   |   |      | $



See accompanying notes to the consolidated
financial statements









F-2






Mojo Data Solutions, Inc

Consolidated Statements of Operations

For The Year Ended December 31,





|                                                              | Notes | 2016 |            |   | 2015 |  
|------------------------------------------------------------- | ----- | ---- | ---------- | - | ---- | -
|                                                              |       |      |            |   |      |  
|Revenues                                                      | 12    | $    | 9,000      |   |      | $
|Cost of sales                                                 | 13    |      | (43,634    | ) |      |  
|Gross Profit                                                  |       |      | (34,634    | ) |      |  
|                                                              |       |      |            |   |      |  
|Operating expenses                                            |       |      |            |   |      |  
|General and administrative expenses                           | 13    |      | 3,469      |   |      |  
|                                                              |       |      |            |   |      |  
|Loss from operations                                          |       |      | (38,103    | ) |      |  
|                                                              |       |      |            |   |      |  
|Other income (expense)                                        |       |      |            |   |      |  
|Interest expense                                              |       |      | –          |   |      |  
|Total other income (expense)                                  |       |      | (38,103    | ) |      |  
|                                                              |       |      |            |   |      |  
|Net loss before provision for income taxes                    |       |      | (38,103    | ) |      |  
|                                                              |       |      |            |   |      |  
|Provision for income tax                                      |       |      | –          |   |      |  
|                                                              |       |      |            |   |      |  
|Net Profit/(Loss)                                             |       | $    | (38,103    | ) |      | $
|                                                              |       |      |            |   |      |  
|Net loss per common share - basic and diluted                 |       | $    | (0.00242   | ) |      | $
|                                                              |       |      |            |   |      |  
|Weighted average common shares outstanding -basic and diluted |       |      | 15,755,060 |   |      |  





See accompanying notes to the consolidated
financial statements













F-3






Mojo Data Solutions, Inc.

Consolidated Statement of Changes in
Stockholders’ Deficit

For The Year Ended December 31, 2016





|                                       |  | Series
    A Preferred Stock |           |  | Series
    B Preferred Stock |   |       | Common
    Stock |  |  |            |  |  | Accumulated |        |  | Stockholders’ | 
|-------------------------------------- |  | ---------------------------- | --------- |  | ---------------------------- | - | ----- | ---------------- |  |  | ---------- |  |  | ----------- | ------ |  | ------------- | 
|                                       |  | Shares                       |           |  | Par                          |   |       | Shares           |  |  | Par        |  |  | Shares      |        |  | Par           | 
|Balance at January 1, 2016 (Unaudited) |  |                              | 8,000,000 |  |                              | $ | 8,000 |                  |  |  | 15,000,000 |  |  | $           | 15,000 |  |               | 
|                                       |  |                              |           |  |                              |   |       |                  |  |  |            |  |  |             |        |  |               | 
|Net loss                               |  |                              |           |  |                              |   |       |                  |  |  |            |  |  |             |        |  |               | 
|                                       |  |                              |           |  |                              |   |       |                  |  |  |            |  |  |             |        |  |               | 
|Balance at December 31, 2016           |  |                              | 8,000,000 |  |                              | $ | 8,000 |                  |  |  | 15,000,000 |  |  | $           | 15,000 |  |               | 









See accompanying notes to the consolidated
financial statements









F-4






Mojo Data Solutions, Inc.

Consolidated Statements of Cash Flows

For The Years Ended December 31,



|                                                                            |  | 2016 |        |   | 2015 |  
|--------------------------------------------------------------------------- |  | ---- | ------ | - | ---- | -
|                                                                            |  |      |        |   |      |  
|                                                                            |  |      |        |   |      |  
|CASH FLOWS FROM OPERATING ACTIVITIES:                                       |  |      |        |   |      |  
|Net loss                                                                    |  | $    | (5,794 | ) |      | $
|Adjustments to reconcile net loss to net cash used in operating activities: |  |      |        |   |      |  
|Depreciation and amortization                                               |  |      | –      |   |      |  
|Changes in operating assets and liabilities:                                |  |      |        |   |      |  
|Accounts receivable                                                         |  |      | (315   | ) |      |  
|Prepaid expenses                                                            |  |      | –      |   |      |  
|Other assets                                                                |  |      | –      |   |      |  
|Accounts payable and accrued expenses                                       |  |      | 38,489 |   |      |  
|Net Cash Used In Operating Activities                                       |  |      | 130    |   |      |  
|                                                                            |  |      |        |   |      |  
|CASH FLOWS FROM INVESTING ACTIVITIES:                                       |  |      |        |   |      |  
|Cash received from sale of assets                                           |  |      | –      |   |      |  
|Cash paid for property and equipment                                        |  |      | –      |   |      |  
|Cash received from reverse merger                                           |  |      | –      |   |      |  
|Net Cash Provided By (Used In) Investing Activities                         |  |      | –      |   |      |  
|                                                                            |  |      |        |   |      |  
|CASH FLOWS FROM FINANCING ACTIVITIES:                                       |  |      |        |   |      |  
|Proceeds (Repayments) on note payable                                       |  |      | 320    |   |      |  
|Proceeds from convertible notes payable                                     |  |      | –      |   |      |  
|Net proceeds from (repayments to) related parties                           |  |      | –      |   |      |  
|Net Cash Provided By Financing Activities                                   |  |      | 320    |   |      |  
|                                                                            |  |      |        |   |      |  
|Net Increase (Decrease) in Cash                                             |  |      | 450    |   |      |  
|                                                                            |  |      |        |   |      |  
|Cash - Beginning of Period                                                  |  |      | (3,996 | ) |      |  
|                                                                            |  |      |        |   |      |  
|Cash - End of Period                                                        |  | $    | (3,546 | ) |      | $
|                                                                            |  |      |        |   |      |  
|SUPPLEMENTARY CASH FLOW INFORMATION:                                        |  |      |        |   |      |  
|Cash Paid During the Period for:                                            |  |      |        |   |      |  
|Income taxes                                                                |  | $    | –      |   |      | $
|Interest                                                                    |  | $    | –      |   |      | $
|                                                                            |  |      |        |   |      |  



See accompanying notes to the consolidated
financial statements









F-5






MOJO DATA SOLUTIONS, INC. AND SUBSIDIARY

Notes to Consolidated Financial Statements

December 31, 2016









|1. | LEGAL STATUS AND OPERATIONS
|-- | ---------------------------



Mojo Data Solutions,
Inc. (the “Company”or “Mojo”)was
founded in Nevada on July 8, 2010 as Authentic Teas, Inc. (“Authentic”). Authentic’swholly-owned subsidiary was incorporated in the province of Ontario, Canada on July 8, 2010. On September 13, 2013, Authentic
Teas, Inc., a Nevada corporation, merged with and into Mojo Data Solutions, Inc., a Puerto Rico corporation and a wholly-owned
subsidiary of Authentic formed on August 21, 2013 solely for the purpose of reincorporating Authentic in Puerto Rico under the
name Mojo Data Solutions, Inc. (the “Reincorporation”).



The company is primarily engaged
in the development of smartphone applications which enables consumers to interact with traditional media delivering digital content
back to the handset.



The head office of the Company
is situated 39 Dorado Beach East, Dorado, Puerto Rico, 00646.



|2. | BASIS OF PREPARATION
|-- | --------------------



Statement of compliance



The accompanying financial statements
have been prepared in conformity with accounting principles generally accepted in the United States of America and pursuant to
the rules and regulations of the Securities and Exchange Commission ("SEC") on a going concern.



Accounting Convention



These financial statements have
been prepared on the basis of 'historical cost convention using accrual basis of accounting except as otherwise stated in the respective
accounting policies notes.



Going concern



The accompanying unaudited financial
statements have been prepared on the assumption that the Company will continue as a going concern. The Company historically has
experienced significant losses and negative cash flows from operations. Further, the Company does not have a revolving credit facility
with any financial institution. These factors raise substantial doubt about the Company’sability
to continue as a going concern.



The ability of the Company to
continue as a going concern is dependent on raising additional capital, negotiating adequate financing arrangements and on achieving
sufficiently profitable operations. The financial statements do not include any adjustments relating to the recoverability and
classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable
to continue as a going concern.



Critical accounting
estimates and judgements



The preparation of financial
statements in conformity with the approved accounting standards require management to make judgements, estimates and assumptions
that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and
associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the
circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that
are not readily apparent from other sources. Actual results may differ from these estimates.



The estimates and underlying
assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates
are revised if the revision affects only that period, or in the period of the revision and future periods.









7







The areas involving higher degree
of judgment and complexity, or areas where assumptions and estimates made by the management are significant to the financial statements
are as follows:



i)Equipment - estimated useful life of equipment (note - 3.8)

ii)Provision for doubtful debts (note - 3.4)

iii)Provision for income tax (note - 3.1)



|3 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
|- | ------------------------------------------



Income tax



The tax expense for the year
comprises of income tax, and is recognized in the statement of earnings. The income tax charge is calculated on the basis of the
tax laws enacted or substantively enacted at the balance sheet date. Management periodically evaluates positions taken in tax returns
with respect to situations in which applicable tax regulation is subject to interpretation and establishes provisions where appropriate
on the basis of amounts expected to be paid to the tax authorities.



Deferred income tax is accounted
for using the balance sheet liability method in respect of all temporary differences arising from differences between the carrying
amount of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable
profit. Deferred income tax liabilities are recognised for all taxable temporary differences and deferred income tax assets are
recognised to the extent that it is probable that taxable profits will be available against which the deductible temporary differences
and unused tax losses can be utilized. Deferred income tax is calculated at the rates that are expected to apply to the period
when the differences are expected to be reversed.



Trade and other payables



Liabilities for trade and other
amounts payable are carried at cost, which is the fair value of the consideration to be paid in future for goods and services received,
whether or not billed to the Company.



Provisions



A provision is recognized in
the financial statements when the Company has a legal or constructive obligation as a result of past events and it is probable
that an outflow of resources embodying economic benefits will be required to settle the obligation and a reliable estimate can
be made of the amount of obligation.



Accounts Receivable



Accounts receivable are non-interest
bearing obligations due under normal course of business. The management reviews accounts receivable on a monthly basis to determine
if any receivables will be potentially uncollectible. Historical bad debts and current economic trends are used in evaluating the
allowance for doubtful accounts. The Company includes any accounts receivable balances that are determined to be uncollectible
in its overall allowance for doubtful accounts. After all attempts to collect a receivable have failed, the receivable is written
off against the allowance. Based on the information available, the Company believes its allowance for doubtful accounts as of period
ended is adequate.



Contingent liabilities



A contingent liability is disclosed
when the Company has a possible obligation as a result of past events, the existence of which will be confirmed only by the occurrence
or non-occurrence, of one or more uncertain future events, not wholly within the control of the Company; or when the Company has
a present legal or constructive obligation, that arises from past events, but it is not probable that an outflow of resources embodying
economic benefits will be required to settle the obligation, or the amount of the obligation cannot be measured with sufficient
reliability.









8







Financial liabilities



Financial liabilities are recognized
when the Company becomes party to the contractual provision of the instruments and the Company loses control of the contractual
right that comprise the financial liability when the obligation specified in the contract is discharged, cancelled or expired.
The Company classifies its financial liabilities in two categories: at fair value through profit or loss and financial liabilities
measured at amortized cost. The classification depends on the purpose for which the financial liabilities were incurred. Management
determines the classification of its financial liabilities at initial recognition.



| | (a) | Financial liabilities at fair value through profit or loss
                                 
                                 Financial liabilities at fair value through profit
                                 or loss are financial liabilities held for trading. A financial liability is classified in this
                                 category if incurred principally for the purpose of trading or payment in the short-term. Derivatives
                                 (if any) are also categorized as held for trading unless they are designated as hedges.
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



| | (b) | Financial liabilities measured at amortized cost
                                 
                                 These are non-derivative financial liabilities with
                                 fixed or determinable payments that are not quoted in an active market. These are recognized
                                 initially at fair value, net of transaction costs incurred and are subsequently stated at amortized
                                 cost; any difference between the proceeds (net of transaction costs) and the redemption value
                                 is recognized in the profit and loss account.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



Property, plant
and equipment



All equipment is stated at
cost less accumulated depreciation and impairment loss. The cost of fixed assets includes its purchase price, import duties and
non-refundable purchase taxes and any directly attributable costs of bringing the asset to its working condition and location for
its intended use.



Depreciation on
additions to property, plant and equipment is charged, using straight line method, on pro rata basis from the month in which the
relevant asset is acquired or capitalized, up to the month in which the asset is disposed of. Impairment loss, if any, or its
reversal, is also charged to income for the year. Where an impairment loss is recognized, the depreciation charge is adjusted
in future periods to allocate the asset’s revised carrying amount, less its residual value, over its estimated useful life.



Maintenance
and normal repair costs are expensed out as and when incurred. Major renewals and improvements are capitalized and assets so replaced,
if any are retired.



Gains and losses
on disposal of fixed assets, if any, are recognized in statement of profit and loss.



|Category               | Depreciation terms
|---------------------- | ------------------
|Computer and equipment | 5 years           
|Furniture and fixtures | 7 years           
|Software               | 3 years           



Cash and cash
equivalents



Cash and cash equivalents include
cash in hand and deposits held at call with banks. For the purpose of the statement of cash flows, cash and cash equivalents bank
balances and short term highly liquid investments subject to an insignificant risk of changes in value and with maturities of less
than three months.



Revenue recognition



Revenue is recognised to the
extent it is probable that the economic benefits will flow to the Company and the revenue can be measured reliably. Revenue is
measured at the fair value of the consideration received or receivable for goods sold or services rendered, net of discounts and
sales tax and is recognised when significant risks and rewards are transferred.



Functional and presentation currency



Items included in the financial
statements are measured using the currency of the primary economic environment in which the Company operates. The financial statements
are presented in US (Dollars) which is the Company's presentation currency. All financial information presented in US Dollars has
been rounded to the nearest dollar unless otherwise stated.



Foreign currency transactions



Foreign currency transactions
are translated into the functional currency using the exchange rate prevailing on the date of the transaction. Monetary assets
and liabilities denominated in foreign currencies are translated into functional currency using the exchange rate prevailing at
the statement of financial position date. Foreign exchange gains and losses resulting from the settlement of such transactions
and from the translation at year-end exchange rates are recognized in the profit and loss account.



Contingencies



The assessment of the contingencies inherently involves
the exercise of significant judgment as the outcome of the future events cannot be predicted with certainty. The Company, based
on the availability of the latest information, estimates the value of contingent assets and liabilities, which may differ on the
occurrence / non-occurrence of the uncertain future event(s).



Cash



This represent cash in hand and cash deposited in
bank accounts (current) by the Company.



|              |  | Amount in $ |    
|------------- |  | ----------- | ---
|RBC (CDN)     |  | –           |    
|Oriental bank |  |             | –  
|First Bank    |  |             | 591
|RBC (USD)     |  |             | –  
|              |  |             | 591



Accounts Receivables



|Opening balance                |  |  | 15,162 | 
|------------------------------ |  |  | ------ | 
|Net movement during the period |  |  | 315    | 
|                               |  |  | 15,477 | 



Inventory



|Opening balance                |  |  | 2,961 | 
|------------------------------ |  |  | ----- | 
|Net movement during the period |  |  | –     | 
|                               |  |  | 2,961 | 



Prepaid expenses



|Opening balance                               |  |  | 2,445 | 
|--------------------------------------------- |  |  | ----- | 
|Net movement in liabilities during the period |  |  | –     | 
|Closing balance                               |  |  | 2,445 | 



Property, plant and
equipment



|Furniture and equipment        |  |  | 13,607 |  
|------------------------------ |  |  | ------ | -
|Less: accumulated depreciation |  |  | (2,720 | )
|Closing balance                |  |  | 10,887 |  



Accounts payable and
accrued expenses



|Opening balance                               |  |  | 405,983 | 
|--------------------------------------------- |  |  | ------- | 
|Net movement in liabilities during the period |  |  | 38,489  | 
|Closing balance                               |  |  | 444,472 | 



Convertible notes
- net of discount



On May 16, 2014, the Company
issued a $50,000 convertible note bearing interest at 5% per year with a maturity date of May 15, 2018. The note is convertible
at $0.25 per share. At December  31, 2016, there was $57,699 outstanding on this note.



|Notes payable              |  |  | 80,000  |  
|-------------------------- |  |  | ------- | -
|Less: unamortized discount |  |  | (22,301 | )
|Closing balance            |  |  | 57,699  |  



Loans payable



|                                              |  | Amount in $
|--------------------------------------------- |  | -----------
|Opening balance                               |  |            
|Net movement in liabilities during the period |  |            
|Closing balance                               |  |            



Revenue



|Consulting Income |  |  | –     | 
|----------------- |  |  | ----- | 
|Sale of software  |  |  | 9,000 | 
|                  |  |  | 9,000 | 



Operating expenses



|Bank Service Charges       |  |  | 710    | 
|-------------------------- |  |  | ------ | 
|Filing fees                |  |  | 2,300  | 
|Payroll Expenses           |  |  | 2,618  | 
|Professional Fees          |  |  | 38,016 | 
|Rent Expense               |  |  | 400    | 
|Research and Development   |  |  | 59     | 
|Trade show and conventions |  |  | 3,000  | 
|                           |  |  | 47,103 | 



Contingencies and Commitments



From time to time, the Company
may be involved in litigation relating to claims arising out of operations in the normal course of business. As at the end of current
reporting period, there were no pending or threatened lawsuits that could reasonably be expected to have a material effect on the
results of operations and there are no proceedings in which any directors, officers or affiliates, or any registered or beneficial
stockholder, is an adverse party or has a material interest adverse to the Company’s interest.



Common Stock



On January 31, 2014, the
Company issued 200,000 shares of its common stock and 200,000 warrants with an exercise price of $0.50 and a life of three years
for consulting services for a fair value totaling $46,000 and $45,940, respectively. The warrants have been valued using the Black-Scholes
model with the following assumptions; term of 3 years, volatility of 383%, risk-free interest rate of 0.69% and dividend yield
of 0%. The expected warrant term is based on the remaining contractual term. The expected volatility is based on the historical
volatility of the prior companies. The risk-free interest rate is based on the U.S. Treasury yields with terms equivalent to the
expected term of the related warrant at the valuation date. Dividend yield is based on historical trends.







F-12












Item 16. Exhibits.





|Exhibit No. |  | Description                                                                                                       
|----------- |  | ------------------------------------------------------------------------------------------------------------------
|            |  |                                                                                                                   
|31.1        |  | Certification of Director and Chief Executive Officer                                                             
|            |  |                                                                                                                   
|31.2        |  | Certification of Chief Financial Officer                                                                          
|            |  |                                                                                                                   
|32.1        |  | Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002
|            |  |                                                                                                                   
|32.2        |  | Statement required by 18 U.S.C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002
|            |  |                                                                                                                   
























SIGNATURES



In accordance with the requirements of
the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.



|                        | Mojo Data Solutions, Inc.
|----------------------- | -------------------------
|                        |                          
|Date: September 6, 2018 | By:                      
|                        | Name:                    
|                        | Title:                   

| |  | 
| |  |