# EDGAR Filing Document

**Accession Number:** 0001673431
**File Stem:** 0001096906-23-000105
**Filing Date:** 2023-1
**Character Count:** 53630
**Document Hash:** f2f5b0b2ab5c0cf67eecbd1ded23f6ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001096906-23-000105.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001096906-23-000105

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 45

**CONFORMED PERIOD OF REPORT**: 20220930

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IA Energy Corp.
- **CENTRAL INDEX KEY:** 0001673431
- **STANDARD INDUSTRIAL CLASSIFICATION:** CHEMICALS & ALLIED PRODUCTS [2800]
- **IRS NUMBER:** 811002497
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-220706
- **FILM NUMBER:** 23527982

**BUSINESS ADDRESS:**
- **STREET 1:** 24328 VERMONT AVENUE
- **STREET 2:** SUITE 300
- **CITY:** HARBOR CITY
- **STATE:** CA
- **ZIP:** 90710
- **BUSINESS PHONE:** 3108911959

**MAIL ADDRESS:**
- **STREET 1:** 24328 VERMONT AVENUE
- **STREET 2:** SUITE 300
- **CITY:** HARBOR CITY
- **STATE:** CA
- **ZIP:** 90710

?xml version='1.0' encoding='us-ascii' standalone='no'? IA ENERGY CORP. - Form 10-Q SEC filing

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 10-Q**

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)<br> OF THE SECURITIES EXCHANGE ACT OF 1934<br>For the quarterly period ended: **September 30, 2022**<br>

Commission File Number: **333-220706**

**IA ENERGY CORP.**

(Exact name of Registrant as specified in its charter)

---

| | |
|:---|:---|
| **Wyoming** | **81-1002497** |
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) |

---

**One World Trade Center, Suite 130, Long Beach, CA 90831**

(Address of principal executive offices, Zip Code)

**(310) 891-1959**

(Registrant's telephone number, including area code)

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

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| | | |
|:---|:---|:---|
| Title of each class | Trading Symbols(s) | Name of each exchange on which registered |
| N/A |  |  |

---

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the 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 ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Sec. 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

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

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer ☒ Smaller reporting company ☒ <br> 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 Exchange Act). Yes ☒ No ☐

As of September 30, 2022, the Registrant had 36,603,800 shares Common Stock outstanding.

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| | |
|:---|:---|
| **TABLE OF CONTENTS** | **TABLE OF CONTENTS** |
|  | <br> **Page** |
| **PART I - FINANCIAL INFORMATION** | **PART I - FINANCIAL INFORMATION** |
| Item 1. &nbsp;&nbsp;&nbsp;&nbsp; Financial Statements |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Condensed Balance Sheets as of September 30, 2022 (unaudited) and December 31, 2021](#a1) | 3 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Condensed Statements of Operations for the three and nine months ended September 30,](#a2)[2022](#a2)[and 2021 (unaudited)](#a2) | 4 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Condensed Statements of Cash Flows for the nine months ended September 30,](#a3)[2022](#a3)[and 2021 (unaudited)](#a3) | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Condensed Statements of Stockholders' Equity (Deficit) for the nine months ended September 30,](#a3)[2022](#a3)[and 2021 (unaudited)](#a3) | 6 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Notes to the Condensed Financial Statements](#a4) | 7 |
| Item 2. &nbsp;&nbsp;&nbsp;&nbsp; [Management's Discussion and Analysis of the Financial Condition and Results of Operations](#a5) | 11 |
| Item 3. &nbsp;&nbsp;&nbsp;&nbsp; [Quantitative and Qualitative Disclosures about Market Risk](#a6) | 13 |
| Item 4. &nbsp;&nbsp;&nbsp;&nbsp; [Controls and Procedures](#a7) | 13 |
| **PART II - OTHER INFORMATION** | **PART II - OTHER INFORMATION** |
| Item 1. &nbsp;&nbsp;&nbsp;&nbsp; [Legal Proceedings](#a8) | 13 |
| Item 1A. [Risk Factors](#a9) | 13 |
| Item 2. &nbsp;&nbsp;&nbsp;&nbsp; [Unregistered Sales of Equity Securities and Use of Proceeds](#a10) | 14 |
| Item 3. &nbsp;&nbsp;&nbsp;&nbsp; [Defaults Upon Senior Securities](#a11) | 14 |
| Item 5. &nbsp;&nbsp;&nbsp;&nbsp; [Other Information](#a12) | 14 |
| Item 6. &nbsp;&nbsp;&nbsp;&nbsp; [Exhibits](#a13) | 14 |

---

------

**PART I**

**FINANCIAL INFORMATION**

**ITEM 1.** **FINANCIAL STATEMENTS** 

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| | | |
|:---|:---|:---|
| **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** |
| Balance Sheets | Balance Sheets | Balance Sheets |
| (Unaudited) | (Unaudited) | (Unaudited) |
| ASSETS | ASSETS | ASSETS |
|  | September 30, | December 31, |
|  | 2022 | 2021 |
| CURRENT ASSETS |  |  |
| Cash and cash equivalents | $466  | $1156  |
| Restricted cash | 159834  | -  |
| TOTAL CURRENT ASSETS AND TOTAL ASSETS | $160300  | $1156  |
| LIABILITIES AND STOCKHOLDERS' EQUITY | LIABILITIES AND STOCKHOLDERS' EQUITY | LIABILITIES AND STOCKHOLDERS' EQUITY |
| CURRENT LIABILITIES |  |  |
| Accounts payable, related party | $31500  | $27000  |
| Loans payable, related party | 413134  | 253300  |
| Total Current Liabilities | 444634  | 280300  |
| TOTAL LIABILITIES | 444634  | 280300  |
| STOCKHOLDERS' EQUITY (DEFICIT) |  |  |
| Preferred stock, $0.0001 par value; 20,000,000 shares authorized,-0- shares issued | -  | -  |
| Common stock, $0.0001 par value; 500,000,000 shares authorized, 36,603,800 and 36,603,800 shares issued and outstanding, respectively | 3660  | 3660  |
| Additional paid-in capital | 5758240  | 5758240  |
| Accumulated deficit | (6046234)  | (6041044)  |
| Total Stockholders' Equity (Deficit) | (284334)  | (279144)  |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $160300  | $1156  |
| The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** |
| Statements of Operations | Statements of Operations | Statements of Operations | Statements of Operations | Statements of Operations |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | For the Three Months Ended  | For the Three Months Ended  | For the Nine Months Ended  | For the Nine Months Ended  |
|  | September 30,  | September 30,  | September 30,  | September 30,  |
|  | 2022 | 2021 | 2022 | 2021 |
| NET REVENUES | $-  | $-  | $-  | $-  |
| OPERATING EXPENSES |  |  |  |  |
| Professional and accounting fees | 150  | 8189  | 450  | 33845  |
| Other selling, general and administrative | 1560  | 1864  | 4740  | 6177  |
| Total Operating Expenses | 1710  | 10053  | 5190  | 40022  |
| LOSS FROM OPERATIONS | (1710)  | (10053)  | (5190)  | (40022)  |
| OTHER INCOME (EXPENSES) | -  | -  | -  | -  |
| NET LOSS | $(1710)  | $(10053)  | $(5190)  | $(40022)  |
| Net loss per common share - basic and diluted | $(0.00)  | $(0.00)  | $(0.00)  | $(0.00)  |
| Weighted average common shares |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;outstanding - basic and diluted | 36603800  | 36603800  | 36603800  | 36603800  |
| The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements |

---

------

---

| | | |
|:---|:---|:---|
| **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** |
| Statements of Cash Flows | Statements of Cash Flows | Statements of Cash Flows |
| (Unaudited) | (Unaudited) | (Unaudited) |
|  | For the Nine Months Ended  | For the Nine Months Ended  |
|  | September 30,  | September 30,  |
|  | 2022 | 2021 |
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
| Net Loss | $(5190)  | $(40022)  |
| Adjustments to reconcile net loss to net |  |  |
| cash used by operating activities: |  |  |
| Changes in operating assets and liabilities: |  |  |
| Accounts payable, related party | 4500  | 4500  |
| Net Cash Used by Operating Activities | (690)  | (35522)  |
| CASH FLOWS FROM INVESTING ACTIVITIES | -  | -  |
| CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
| Payments on related party loans | (500)  | -  |
| Proceeds from related party loans | 500  | 35500  |
| Net Cash Provided by Financing Activities | -  | 35500  |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | (690)  | (22)  |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 1156  | 1010  |
| CASH AND CASH EQUIVALENTS, END OF PERIOD | $466  | $988  |
| SUPPLEMENTAL CASH FLOW INFORMATION |  |  |
| Cash Payments For: |  |  |
| Interest | $-  | $-  |
| Taxes | $-  | $-  |
| Non-cash Activities: |  |  |
| Restricted cash held | $159834  | $-  |
| The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements |

---

------

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** | **IA ENERGY CORP.** |
| Statements of Stockholders' Equity (Deficit) | Statements of Stockholders' Equity (Deficit) | Statements of Stockholders' Equity (Deficit) | Statements of Stockholders' Equity (Deficit) | Statements of Stockholders' Equity (Deficit) | Statements of Stockholders' Equity (Deficit) |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) |
|  | Nine Months Ended September 30, 2022 | Nine Months Ended September 30, 2022 | Nine Months Ended September 30, 2022 | Nine Months Ended September 30, 2022 | Nine Months Ended September 30, 2022 |
|  |  |  | Additional |  | Total |
|  | Common Stock | Common Stock | Paid-in | Accumulated | Stockholders' |
|  | Shares | Amount | Capital | Deficit | Equity |
| Balance, December 31, 2021 | 36603800  | $3660  | $5758240  | $(6041044)  | (279144)  |
| Net loss for the three months ended |  |  |  |  |  |
| March 31, 2022 | -  | -  | -  | (1740)  | (1740)  |
| Balance, March 31, 2022 | 36603800  | 3660  | 5758240  | (6042784)  | (280884)  |
| Net loss for the three months ended |  |  |  |  |  |
| June 30, 2022 | -  | -  | -  | (1740)  | (1740)  |
| Balance, June 30, 2022 | 36603800  | 3660  | 5758240  | (6044524)  | (282624)  |
| Net loss for the three months ended |  |  |  |  |  |
| September 30, 2022 | -  | -  | -  | (1710)  | (1710)  |
| Balance, September 30, 2022 | 36603800  | $3660  | $5758240  | $(6046234)  | $(284334)  |
|  | Nine Months Ended September 30, 2021 | Nine Months Ended September 30, 2021 | Nine Months Ended September 30, 2021 | Nine Months Ended September 30, 2021 | Nine Months Ended September 30, 2021 |
|  |  |  | Additional |  | Total |
|  | Common Stock | Common Stock | Paid-in | Accumulated | Stockholders' |
|  | Shares | Amount | Capital | Deficit | Equity |
| Balance, December 31, 2020 | 36603800  | $3660  | $5758240  | $(5997690)  | (235790)  |
| Net loss for the three months ended |  |  |  |  |  |
| March 31, 2021 | -  | -  | -  | (9658)  | (9658)  |
| Balance, March 31, 2021 | 36603800  | 3660  | 5758240  | (6007348)  | (245448)  |
| Net loss for the three months ended |  |  |  |  |  |
| June 30, 2021 | -  | -  | -  | (20311)  | (20311)  |
| Balance, June 30, 2021 | 36603800  | 3660  | 5758240  | (6027659)  | (265759)  |
| Net loss for the three months ended |  |  |  |  |  |
| September 30, 2021 | -  | -  | -  | (10053)  | (10053)  |
| Balance, September 30, 2021 | 36603800  | $3660  | $5758240  | $(6037712)  | $(275812)  |
| The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements | The accompanying notes are an integral part of these financial statements |

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**IA ENERGY CORP.**

Notes to the Financial Statements

September 30, 2022

(Unaudited)

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NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

IA Energy Corp. (the Company) was incorporated in the State of Wyoming on January 6, 2016. Our operations to date have been devoted primarily to start-up and development activities, which include: (i) formation of the Company; (ii) development of our business plan; (iii) development of our proprietary waste-to-energy technology; and (iv) marketing of our proprietary waste-to-energy technology. We have not completed development of our proprietary waste-to-energy technology and there is no assurance that we will be successful in completing the development.

NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies of the Company is presented to assist in understanding the Company's financial statements. The financial statements and notes are representations of the Company's management who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. The following policies are considered to be significant:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a.&nbsp;&nbsp;&nbsp;&nbsp; Accounting Method

The Company recognizes income and expenses based on the accrual method of accounting. The Company has elected a calendar year-end.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b.&nbsp;&nbsp;&nbsp;&nbsp; Interim Financial Statements

The interim financial statements as of September 30, 2022 and for the three and nine months ended September 30, 2022 and 2020 are unaudited and have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. These statements reflect all normal and recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the information contained herein. Operating results for the nine months ended September 30, 2022, are not necessarily indicative of results that may be expected for the year ending December 31, 2022.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the Unites States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended December 31, 2021 as included in our report on Form 10-K.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c.&nbsp;&nbsp;&nbsp;&nbsp; Cash and Cash Equivalents and Restricted Cash

Cash equivalents are generally comprised of certain highly liquid investments with original maturities of less than three months. The following table provides a reconciliation of cash, cash equivalents and restricted cash to amounts shown in the statement of cash flows:

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| | | |
|:---|:---|:---|
|  | September 30, 2022 | December 31, 2021 |
| Cash and cash equivalents | 466 | 1156 |
| Restricted cash | 159834 | - |
| Total cash, cash equivalents and restricted cash | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;160300 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1156 |

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See Note 6 for further discussion.

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**IA ENERGY CORP.**

Notes to the Financial Statements

September 30, 2022

(Unaudited)

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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d.&nbsp;&nbsp;&nbsp;&nbsp; Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e.&nbsp;&nbsp;&nbsp;&nbsp; Revenue Recognition

The Company recognizes revenue according to ASC 606, *Revenue from Contracts with Customers*. When the customer obtains control over the promised goods or services, the Company records revenue in the amount of consideration that can be expected to be received in exchange for those goods and services.

The Company determines revenue recognition based upon the following five (5) criteria:

Step 1 Identification of the contract with the customer

Step 2 Identification of promised goods and services and evaluation of whether the promised goods and services are distinct performance obligations

Step 3 Determination of the transaction price

Step 4 Allocation of the transaction price to distinct performance obligations

Step 5 Attribution of revenue for each distinct performance obligation

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;f.&nbsp;&nbsp;&nbsp;&nbsp; Income Taxes

The Company accounts for income taxes using the asset and liability method. Under this method, deferred income taxes are determined based on the difference between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which differences are expected to reverse. A valuation allowance is established to reduce deferred tax assets if it is more likely than not that all or some portion of such deferred tax assets will not be realized. A full allowance against deferred tax assets was provided as of September 30, 2022 and December 31, 2020.

At September 30, 2022, the Company had net operating loss carryforwards of approximately $669,000 which may be offset against future taxable income. Approximately $280,000 expires in 2036 and 2037 and approximately $389,000 does not expire. No tax benefit has been reported in the financial statements because the potential tax benefits of the net operating loss carryforwards are offset by a valuation allowance of the same amount.

Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carryforwards for Federal income tax reporting purposes are subject to annual limitations. Should a significant change in ownership occur, net operating loss carryforwards may be limited as to future use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g.&nbsp;&nbsp;&nbsp;&nbsp; Basic and Diluted Net Loss per Share of Common Stock

Basic net loss per common share is based on the weighted average number of shares outstanding during the periods presented. Diluted earnings per share is computed using the weighted average number of common shares plus dilutive common share equivalents outstanding during the period. For the periods presented, the issued and outstanding warrants (See Note 3) were excluded from the calculation of diluted shares outstanding as the effect of their inclusion would be anti-dilutive.

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**IA ENERGY CORP.**

Notes to the Financial Statements

September 30, 2022

(Unaudited)

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NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (Continued)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h.&nbsp;&nbsp;&nbsp;&nbsp; Recent Accounting Pronouncements

Certain accounting pronouncements have been issued by the FASB and other standard setting organizations which are not yet effective and have not yet been adopted by the Company. The impact on the Company's financial position and results of operations from adoption of these standards is not expected to be material.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i.Subsequent Events

The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and determined there are no events requiring disclosure.

NOTE 3 - EQUITY TRANSACTIONS

The Company has 500,000,000 shares of common stock authorized with a par value of $0.0001. 25,000,000 shares of common stock were issued to the founder of the Company on incorporation.

On January 8, 2020, the Company issued 100,000 restricted shares of its common stock to a third party service provider in consideration of consulting services rendered to the Company. The shares were valued at $0.10 per share or $10,000 total which is included in consulting and business development expenses on the statement of operations for the three months ended March 31, 2020. Because there was no market for the common stock at January 8, 2020, the Company estimated the fair value of the issuance at the estimated fair value of the services rendered by the consultant.

Warrants

A summary of Warrants activity for the years ended December 31, 2020 and 2021, and for the nine months ended September 30, 2022 follows:

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| | |
|:---|:---|
| Balance, January 1, 2020 | 263800 |
| Issued in 2020 | - |
| Expired in 2020 | (63800) |
| Balance, December 31, 2020 | 200000 |
| Issued in 2021 | - |
| Expired in 2021 | (200000) |
| Balance, December 31, 2021 | - |
| Issued in the nine months ended September 30, 2022 | - |
| Expired in the nine months ended September 30, 2022 | - |
| Balance, September 30, 2022 | - |

---

Each Warrant was exercisable into shares of our common stock at an exercise price of $1.00 per share and expired two years from the date of its issuance. As of September 30, 2022, there were a total of -0-Warrants outstanding.

NOTE 4 - FINANCIAL INSTRUMENTS

Our financial instruments consist of cash and cash equivalents, accounts payable and loans payable. The carrying amount of these assets and liabilities approximates fair value due to their short-term nature.

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**IA ENERGY CORP.**

Notes to the Financial Statements

September 30, 2022

(Unaudited)

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NOTE 5 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. The Company has sustained significant net losses which have resulted in an accumulated deficit at September 30, 2022 of $6,046,234 and has experienced periodic cash flow difficulties, all of which raise substantial doubt regarding the Company's ability to continue as a going concern.

Continuation of the Company as a going concern is dependent upon obtaining additional working capital. The management of the Company has developed a strategy which it believes will accomplish this objective through short term loans from related parties and additional equity investments which will enable the Company to continue operations for the coming year. However, there is no assurance that these objectives will be met. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from the outcome of this uncertainty.

NOTE 6 - RELATED PARTY TRANSACTIONS

Loans Payable, Related Party

The Company periodically receives advances from a corporation controlled by John Munoz, beneficial owner of 25,000,000 shares of our common stock and Chief Executive Officer of the Company from inception on January 6, 2016 to July 25, 2017. These loans are non-interest bearing and due on demand. The amount of loans payable to this corporation as of September 30, 2022 and December 31, 2021 was $253,300 and $253,300, respectively.

Sublease Agreement

On July 1, 2017, the Company entered into a Sublease Agreement with another corporation controlled by John Munoz. The Sublease Agreement provided for the Company's use of office space in Harbor City, California at a Monthly Base Rent of $500 per month. The term of the Sublease commenced on July 1, 2017 and ended October 31, 2019.

Effective November 1, 2019, the Company entered into a Sublease Agreement with the related party described in the first paragraph of Note 6 for the Company's use of office space in Long Beach, California at a Monthly Base Rent of $500 per month. The Sublease is month to month and terminable by either party upon 30 days written notice.

For the nine months ended September 30, 2022 and 2021, the Company recorded $4,500 and $4,500, respectively, in rent expense which is included in other selling, general and administrative expenses.

Restricted Cash

During the period ended September 30, 2022, the Company paid expenses on behalf of a related party. The balances paid on behalf of the related party was $174,548. Additionally, the related party paid the Company cash in the amount of $334,382 that was used to pay for these expenses. This resulted in a balance of $159,834 of restricted cash as of September 30, 2022. Subsequent to September 30, 2022, all balances outstanding and held in restricted cash were returned to the related party.

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

The following discussion of our financial condition and results of operations should be read in conjunction with the financial statements and related notes to the financial statements included elsewhere in this periodic report. Some of the statements under "Management's Discussion and Analysis" and elsewhere herein may include forward-looking statements which reflect our current views with respect to future events and financial performance. These statements include forward-looking statements both with respect to us specifically and the industry in general. Statements which include the words "expect," "intend," "plan," "believe," "project," "anticipate," "will," and similar statements of a future or forward-looking nature identify forward-looking statements for purposes of the federal securities laws or otherwise. The safe harbor provisions of the federal securities laws do not apply to any forward-looking statements contained in this registration statement.

All forward-looking statements address such matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause our actual results to differ materially from those indicated in these statements. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise.

If one or more of these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may vary materially from what we projected. Any forward-looking statements you read herein reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our written and oral forward-looking statements attributable to us or individuals acting on our behalf and such statements are expressly qualified in their entirety by this paragraph.

You should read the following discussion of the Company's financial condition and results of operations in conjunction with the financial statements and related notes included in the filing of the company's Form 10-K filed on January 5, 2023.

**Overview**

IA Energy Corp., a Wyoming corporation, is a start-up global waste-to-energy company. We were incorporated on January 6, 2016 in the state of Wyoming. Our business office and mailing address is One World Trade Center, Suite 130, Long Beach, CA 90831, and our telephone number is (310) 891-1959.

Our operations from inception through the Company's ceasing and abandoning its operations in the Philippines in 2021, were devoted primarily to start-up and development activities, which include: (i) formation of the Company; (ii) development of our business plan; (iii) development of our proprietary waste-to-energy technology; and (iv) marketing of our proprietary waste-to-energy technology. Prior to ceasing and abandoning its operations in the Philippines, significant research and development had been done in furtherance of the Company's focus to build and operate a pilot facility to process waste tires, but we had not completed development of the proprietary waste-to-energy technology.

As a result of the Company's ceasing and abandoning its operations in the Philippines, the Company currently has no business operation.

From our inception on January 6, 2016, until the ceasing and abandoning its operations in the Philippines, we have had limited operating activities. During the period from inception on January 6, 2016 until the date of this Form 10-Q we have had no revenues. During the period from inception on January 6, 2016 to September 30, 2022 we had operating expenses of $6,046,234 which consisted mainly of consulting and business development expenses.

**Shell Status**

As a result of the Company's ceasing and abandoning its operations in the Philippines, the Company is deemed to be a shell company (as defined in Rule 12b-2 of the Exchange Act).

------

**Emerging Growth Company**

As an emerging growth company, we are exempt from Section 404(b) of Sarbanes Oxley. Section 404(a) requires Issuers to publish information in their annual reports concerning the scope and adequacy of the internal control structure and procedures for financial reporting. This statement shall also assess the effectiveness of such internal controls and procedures. Section 404(b) requires that the registered accounting firm shall, in the same report, attest to and report on the assessment and the effectiveness of the internal control structure and procedures for financial reporting.

As an emerging growth company, we are also exempt from Section 14A (a) and (b) of the Securities Exchange Act of 1934 which require the shareholder approval of executive compensation and golden parachutes. These exemptions are also available to us as a Smaller Reporting Company.

**Liquidity and Capital Resources**

Since inception, the Company has financed its operations through a series of loans and sales of common stock. As of September 30, 2022, our primary source of liquidity consisted of $466 in cash and cash equivalents. We may seek to secure additional debt or equity capital to finance substantial business development initiatives.

**Results of Operations**

Following is our discussion of the relevant items affecting results of operations for the three and nine-month periods ended September 30, 2022, and 2021.

*Revenues.* For the three and nine months ended September 30, 2022, and 2021, net revenues were $-0-.

 

*Consulting and business development.* Consulting and business development fees for the three and nine months ended September 30, 2022, and 2021 were $-0-. The Company anticipates that consulting and business development fees will increase with an increase in operations.

*Professional and accounting fees.* Professional and accounting fees for the three months ended September 30, 2022, and 2021 were $150 and $8,189, respectively. Professional and accounting fees for the nine months ended September 30, 2022, and 2021 were $450 and $33,845, respectively. Professional fees consist mainly of the fees related to the audits and reviews of the Company's financial statements as well as the filings with the Securities and Exchange Commission. The Company anticipates that professional fees will increase commensurate with an increase in operations.

*Other selling, general and administrative expenses.* Other selling, general and administrative expenses for the three months ended September 30, 2022, and 2021 were $1,560 and $1,864, respectively. Other selling, general and administrative expenses for the nine months ended September 30, 2022, and 2021 were $4,740 and $6,177, respectively. We expect that selling, general and administrative expenses will increase as we add personnel to build our business.

*Other Income (Expense).* The Company had net other expenses of $-0- for the three and nine months ended September 30, 2022, and 2021.

**Off-Balance Sheet Arrangements**

The Company has no off-balance sheet arrangements.

**Critical Accounting Policies and Estimates**

Due to the lack of current operations and limited business activities, the Company does not have any accounting policies that it believes are critical to facilitate an investor's understanding of the Company's financial and operating status.

------

**ITEM 3.** **QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 4.** **CONTROLS AND PROCEDURES**

**Evaluation of Disclosure Controls and Procedures**

Disclosure controls and procedures are controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by our company in the reports that it files or submits under the Exchange Act is accumulated and communicated to our management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Our management carried out an evaluation under the supervision and with the participation of our Principal Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures pursuant to Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934 ("Exchange Act"). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer have concluded that, as a result of the material weakness described below, our disclosure controls and procedures were not effective as of September 30, 2022. The material weakness, which relates to internal control over financial reporting, that was identified is: due to our small size, we do not have a proper segregation of duties in certain areas of our financial reporting process. This control deficiency, which is pervasive in nature, results in a reasonable possibility that material misstatements of the financial statements will not be prevented or detected on a timely basis.

**Changes in Internal Controls**

There have not been any changes in the Company's internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended September 30, 2022 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

**PART II**

**OTHER INFORMATION**

**ITEM 1.** **LEGAL PROCEEDINGS**

We are not a party to any pending legal proceeding. No federal, state or local governmental agency is presently contemplating any proceedings against the Company. No director, executive officer or affiliate of the Company or owner of record or beneficially of more than five percent of the Company's common stock is a party adverse to the Company or has a material interest adverse to the Company in any proceeding.

**ITEM 1A.** **RISK FACTORS**

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item.

**ITEM 2.** **UNREGISTERED SALES OF EQUITY SECURITIES**

None.

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**ITEM 3.** **DEFAULTS UPON SENIOR SECURITIES**

None.

**ITEM 5.** **OTHER INFORMATION**

***Shell Status***

Since early 2020, the Company's business and research and development activities were adversely affected due to the COVID-19 pandemic, and in 2021 the Company ceased and abandoned its operations in the Philippines, and the Company currently does not have any business activities, and therefor is deemed to be a shell company (as defined in Rule 12b-2 of the Exchange Act).

**ITEM 6.** **EXHIBITS**

(a)***Financial Statements.***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·The condensed unaudited Balance Sheet as of September 30, 2022 and the audited balance sheet as of December 31, 2020;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·The condensed unaudited Statements of Operations for the three- and nine-month periods ended September 30, 2022 and 2021;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·The condensed unaudited Statements of Cash Flows for the nine-month periods ended September 30, 2022 and 2021;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·The condensed unaudited Statements of Stockholders' Equity (Deficit) for the nine-month periods ended September 30, 2022 and 2021; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·the notes thereto, are included in this Quarterly Report on Form 10-Q.

(b)***Exhibits***. The following exhibits are either filed as a part hereof or are incorporated by reference. Exhibit numbers correspond to the numbering system in Item 601 of Regulation S-K.

---

| | |
|:---|:---|
| <br> &nbsp;&nbsp;&nbsp;&nbsp; **Exhibit**<br>**Number** | <br>**Description of Exhibit** |
| 3(i) | [Certificate of Incorporation of IA Energy Corp.](http://www.sec.gov/Archives/edgar/data/1440153/000139160918000202/ex3i_amendedarticles.htm)[(1)](http://www.sec.gov/Archives/edgar/data/1440153/000139160918000202/ex3i_amendedarticles.htm) |
| 3(ii) | [Bylaws of IA Energy Corp.](http://www.sec.gov/Archives/edgar/data/1440153/000139160918000202/ex3ii_bylaws.htm)[(1)](http://www.sec.gov/Archives/edgar/data/1440153/000139160918000202/ex3ii_bylaws.htm) |
| 31(i) | [CEO certification pursuant to Section 302 of the Sarbanes – Oxley Act of 2002](iaec_ex31z1.htm)[(2)](iaec_ex31z1.htm) |
| 31(ii) | [CFO certification pursuant to Section 302 of the Sarbanes – Oxley Act of 2002](iaec_ex31z2.htm)[(2)](iaec_ex31z2.htm) |
| 32 | [CEO and CFO certification pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002](iaec_ex32.htm)[(2)](iaec_ex32.htm) |
| 101 | The following materials from the Company's Report on Form 10-Q for the quarter ended September 30, 2022 formatted in Extensible Business Reporting Language ("XBRL"): (i) the balance sheets (unaudited); (ii) the statements of operations (unaudited); (iii) the statements of cash flows (unaudited); and, (iv) related notes.  |
| 101.INS | XBRL Instance Document |
| 101.SCH | XBRL Taxonomy Extension Scheme |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase |
| 101.LAB | XBRL Taxonomy Label Linkbase |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)Previously filed as an Exhibit to Form S-1/A filed on June 6, 2018

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)Filed herewith

All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. <br>

------

**SIGNATURES**

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

---

| | |
|:---|:---|
| Dated: January 11, 2023 | /s/ Thomas K. Emmitt |
|  | By: Thomas K. Emmitt |
|  | Its: Chief Executive Officer and Principal Accounting Officer |

---

------

## Exhibit 31.1

**Exhibit 31(i)**

**CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO RULE 13a-14**

I, Thomas K. Emmitt, certify that:

1. I have reviewed this quarterly report on Form 10-Q of IA Energy Corp, for the period ended September 30, 2022;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have, for the small business issuer and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiary, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.

---

| | |
|:---|:---|
| Dated: January 11, 2023 | /s/ Thomas K. Emmitt |
|  | By: Thomas K. Emmitt |
|  | Its: Chief Executive Officer |

---

## Exhibit 31.2

**Exhibit 31(ii)**

**CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO RULE 13a-14**

I, Thomas K. Emmitt, certify that:

1. I have reviewed this quarterly report on Form 10-Q of IA Energy Corp., for the period ended September 30, 2022;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have, for the small business issuer and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiary, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and,

5. I have disclosed, based on my most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.

---

| | |
|:---|:---|
| Dated: January 11, 2023 | /s/ Thomas K. Emmitt |
|  | By: Thomas K. Emmitt |
|  | Its: Chief Financial Officer |

---

## Ex-32

**Exhibit 32**

**CERTIFICATION PURSUANT TO**

**18 U.S.C. SECTION 1350**

**AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the Quarterly Report of IA Energy Corp. (the "Company") on Form 10-Q for the period ending September 30, 2022 as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Thomas K. Emmitt, Chief Executive Officer and Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(1)The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

---

| | |
|:---|:---|
| Dated: January 11, 2023 | /s/ Thomas K. Emmitt |
|  | By: Thomas K. Emmitt |
|  | Its: Chief Executive Officer,<br>President and Secretary |
| Dated: January 11, 2023 | /s/ Thomas K. Emmitt |
|  | By: Thomas K. Emmitt |
|  | Its: Chief Financial Officer |

---

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.