# EDGAR Filing Document

**Accession Number:** 0001008653
**File Stem:** 0001493152-23-003693
**Filing Date:** 2023-2
**Character Count:** 60728
**Document Hash:** 38d11ed944798d4860852481c6f0f8ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-003693.hdr.sgml**: 20230206

**ACCESSION NUMBER**: 0001493152-23-003693

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 30

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230206

**DATE AS OF CHANGE**: 20230206

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ecomax, Inc
- **CENTRAL INDEX KEY:** 0001008653
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PERSONAL SERVICES [7200]
- **IRS NUMBER:** 133865026
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-21613
- **FILM NUMBER:** 23590628

**BUSINESS ADDRESS:**
- **STREET 1:** 40 WALL STREET, 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005
- **BUSINESS PHONE:** 3235529867

**MAIL ADDRESS:**
- **STREET 1:** 40 WALL STREET, 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ECOMAT INC
- **DATE OF NAME CHANGE:** 19960221

?xml version="1.0" encoding="utf-8"?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 10-Q**

&nbsp;&nbsp;&nbsp;&nbsp;☒ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

For the quarterly period ended December 31, 2022

OR

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the transition period from to

**Commission file number 000-21613**

---

| |
|:---|
| **Ecomax, Inc.** |
| (Exact name of registrant as specified in its charter) |

---

---

| | |
|:---|:---|
| **Nevada** | **13-3865026** |
| (State or other jurisdiction of<br> incorporation or organization) | (I.R.S. Employer<br> Identification No.) |

---

---

| | |
|:---|:---|
| **630 Fifth Avenue, Suite 2338, New York, New York** | **10111** |
| (Address of principal executive offices) | (Zip Code) |

---

**(929)-923-2740** 

(Telephone number, including area code)

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

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| N/A | N/A | 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 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 last 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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit 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," "smaller reporting company," and "emerging growth 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 February 6, 2023, there were 2,380,958 shares of common stock, par value $0.0001 per share, outstanding.

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
|  |  | **Page** |
| [Part I FINANCIAL INFORMATION](#md_019) | [Part I FINANCIAL INFORMATION](#md_019) |  |
| Item 1. | [Financial Statements](#md_001) | 4 |
|  | [Statements of Balance Sheets (unaudited)](#md_002) | 4 |
|  | [Statements of Operations (unaudited)](#md_003) | 5 |
|  | [Statements of Cash Flows (unaudited)](#md_004) | 6 |
|  | [Statements of Stockholders' Equity (unaudited)](#md_005) | 7 |
|  | [Notes to Financial Statements (unaudited)](#md_006) | 8 |
| Item 2. | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#md_007) | 14 |
| Item 3. | [Quantitative and Qualitative Disclosures About Market Risk](#md_008) | 18 |
| Item 4. | [Controls and Procedures](#md_009) | 19 |
| [Part II OTHER INFORMATION](#md_010) | [Part II OTHER INFORMATION](#md_010) |  |
| Item 1. | [Legal Proceedings](#md_011) | 19 |
| Item 1A. | [Risk Factors](#md_012) | 19 |
| Item 2. | [Unregistered Sales of Equity Securities and Use of Proceeds](#md_013) | 19 |
| Item 3. | [Defaults Upon Senior Securities](#md_014) | 19 |
| Item 4. | [Mine Safety Disclosures](#md_015) | 19 |
| Item 5. | [Other Information](#md_016) | 19 |
| Item 6. | [Exhibits](#md_017) | 20 |
| [SIGNATURE](#md_018) | [SIGNATURE](#md_018) | 21 |

---

**FORWARD-LOOKING STATEMENTS**

This Quarterly Report on Form 10-Q contains certain forward-looking statements (as such term is defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). The statements herein which are not historical reflect our current expectations and projections about the Company's future results, performance, liquidity, financial condition, prospects and opportunities and are based upon information currently available to us and our management and our interpretation of what we believe to be significant factors affecting our business, including many assumptions about future events. Such forward-looking statements include statements regarding, among other things:

● our projected revenues, profitability, and other financial metrics;

● our future financing plans;

● our anticipated needs for working capital;

● our ability to expand our sales and marketing capability;

● acquisitions of other companies or assets that we might undertake in the future;

● competition existing today or that will likely arise in the future;

● the impact of the COVID-19 pandemic; and

● other factors discussed elsewhere herein.

Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "should," "will," "plan," "could," "target," "contemplate," "predict," "potential," "continue," "expect," "anticipate," "estimate," "believe," "intend," "seek," or "project" or the negative of these words or other variations on these or similar words. Actual results, performance, liquidity, financial condition and results of operations, prospects and opportunities could differ materially from those expressed in, or implied by, these forward-looking statements as a result of various risks, uncertainties and other factors, including the ability to raise sufficient capital to continue the Company's operations. These statements may be found under Part I, Item 2— "Management's Discussion and Analysis of Financial Condition and Results of Operations," as well as elsewhere in this Quarterly Report on Form 10-Q generally. Actual events or results may differ materially from those discussed in forward-looking statements as a result of various factors, including, without limitation, matters described in this Quarterly Report on Form 10-Q.

In light of these risks and uncertainties, there can be no assurance that the forward-looking statements contained in this Quarterly Report on Form 10-Q will in fact occur.

Potential investors should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, there is no undertaking to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

The forward-looking statements in this Quarterly Report on Form 10-Q represent our views as of the date of this Quarterly Report on Form 10-Q. Such statements are presented only as a guide about future possibilities and do not represent assured events, and we anticipate that subsequent events and developments will cause our views to change.

You should, therefore, not rely on these forward-looking statements as representing our views as of any date after the date of this Quarterly Report on Form 10-Q.

Potential investors should not make an investment decision based solely on our projections, estimates or expectations.

**PART I.**

**FINANCIAL INFORMATION**

**ITEM 1. FINANCIAL STATEMENTS**

**ECOMAX, INC.**

BALANCE SHEETS

Balance Sheets as of December 31, 2022 and June 30, 2022

---

| | | |
|:---|:---|:---|
|  | December 31,<br>2022 (unaudited) | June 30,<br>2022 |
| **ASSETS** |  |  |
| **Current assets:** |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $**-** | $**-** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | **-** | **-** |
| **TOTAL ASSETS** | $**-** | $**-** |
| **LIABILITIES AND STOCKHOLDERS' DEFICIT** |  |  |
| **Current liabilities:** |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable - trade | $**3250** | $**3250** |
| &nbsp;&nbsp;&nbsp;Advances from - related party | **242959** | **191091** |
| &nbsp;&nbsp;&nbsp;Accrued interest related party | **11943** | **3329** |
| &nbsp;&nbsp;&nbsp;Accrued expenses | **9361** | **10020** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | **267513** | **207690** |
| **Stockholders' deficit:** |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock, $0.0001 par value; 50,000,000 authorized; none issued and outstanding at December 31, 2022 and June 30, 2022. |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $0.0001 par value; 450,000,000 shares authorized; 2,380,958 issued and outstanding at December 31, 2022 and June 30, 2022. | **238** | **238** |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | **286524** | **286524** |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | **(554275)** | **(494452)** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total stockholders' deficit | **(267513)** | **(207690)** |
| **TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)** | $**-** | $**-** |

---

See Summary of Significant Accounting Policies and Notes to Financial Statements.

**ECOMAX, INC.**

STATEMENTS OF OPERATIONS

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended December 31,** | **Three Months Ended December 31,** | **Six Months Ended December 31,** | **Six Months Ended December 31,** |
|  | **2022 (unaudited)** | **2021 (unaudited)** | **2022 (unaudited)** | **2021 (unaudited)** |
| Revenues | $- | $- | $- | $- |
| Cost and expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General and administrative | 26465 | 23527 | 51208 | 46408 |
| &nbsp;&nbsp;&nbsp;Total operating expenses | 26465 | 23527 | 51208 | 46408 |
| Other income and expenses |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expenses | 4587 | 2020 | 8615 | 3444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loss | $(31052) | $(25547) | $(59823) | $(49852) |
| Per common share - basic and diluted |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic and diluted net loss | $(0.01) | $(0.01) | $(0.03) | $(0.02) |
| Weighted average shares |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Outstanding, basic and diluted | 2380958 | 2380958 | 2380958 | 2380958 |

---

See Summary of Significant Accounting Policies and Notes to Financial Statements.

**ECOMAX, INC.**

STATEMENTS OF CASH FLOWS

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended December 31,** | **Six Months Ended December 31,** |
|  | **2022 (unaudited)** | **2021 (unaudited)** |
| Cash flows from operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(59823) | $(49852) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in accounts payable and accrued liabilities | 7955 | (4923) |
| &nbsp;&nbsp;&nbsp;Net cash used by operating activities | (51868) | (54775) |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp;Advances from related party | 51868 | 54775 |
| &nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 51868 | 54775 |
| Change in cash |  |  |
| Cash at beginning of period | - | - |
| Cash at end of period | $- | $- |

---

See Summary of Significant Accounting Policies and Notes to Financial Statements.

**ECOMAX, INC.**

STATEMENTS OF STOCKHOLDERS' DEFICIT

(Unaudited)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Common stock** | **Common stock** | | | |
|  | **Number of**<br> **Shares** | **Stated or <br>Par Value** | **Additional**<br>**Paid-in <br>Capital** |<br>**Accumulated**<br> **Deficit** |<br>**Total** |
| Balance at June 30, 2021 | 2380958 | $238 | $286524 | $(379847) | $(93085) |
| &nbsp;&nbsp;&nbsp;Net loss | - | - | - | (24305) | (24305) |
| Balance at September 30, 2021 | 2380958 | 238 | 286524 | (404152) | (117390) |
| &nbsp;&nbsp;&nbsp;Net loss |  |  |  | (25547) | (25547) |
| Balance at December 31, 2021 | 2380958 | 238 | 286524 | (429699) | (142937) |
| Balance at June 30, 2022 | 2380958 | $238 | $286524 | $(494452) | $(207690) |
| &nbsp;&nbsp;&nbsp;Net loss | - | - | - | (28771) | (28771) |
| Balance at September 30, 2022 | 2380958 | 238 | 286524 | (523223) | (236461) |
| &nbsp;&nbsp;&nbsp;Net loss |  |  |  | (31052) | (31052) |
| Balance at December 31, 2022 | 2380958 | 238 | 286524 | (554275) | (267513) |

---

See Summary of Significant Accounting Policies and Notes to Financial Statements.

**Ecomax, Inc.**

Notes to Financial Statements

December 31, 2022

(Unaudited)

**Note 1. The Company and Significant Accounting Policies**

Ecomax, Inc., formerly Ecomat, Inc. (the "Company") was incorporated on December 14, 1995 pursuant to the laws of the State of Delaware. On February 9, 2007, the Company completed its change in domicile to Nevada. The Company used to operate a wet-cleaning process which was one of the first environmentally sound solution to current dry-cleaning methods.

On April 13, 2021 the Board of Directors (the "Board") of the Company filed the following with the State of Nevada:

● A reverse stock split of common stock of one share for every ten (1-for-10) shares outstanding .

● A change in name from Ecomat, Inc. to Ecomax, Inc.;

● An increase in the authorized number of shares of capital stock from 75,000,000 to 500,000,000 , including 450,000,000 shares of common stock and 50,000,000 shares of preferred stock, and;

All share and per share information, including earnings per share, in this Form 10-Q have been retroactively adjusted to reflect this reverse stock split and certain items in prior period financial statements have been revised to conform to the current presentation.

Basis of Presentation:

The accompanying unaudited Financial Statements of Ecomax, Inc. ("Ecomax," "we," "us," "our," or the "Company, have been prepared in accordance with the instructions to interim financial reporting as prescribed by the Securities and Exchange Commission (the "SEC"). The results for the interim periods are not necessarily indicative of results for the entire year. These interim financial statements do not include all disclosures required by generally accepted accounting principles ("GAAP") and should be read in conjunction with our financial statements and footnotes in the Company's most recent annual report on Form 10-K filed with the SEC. In the opinion of management, the unaudited Financial Statements contained in this report include all known accruals and adjustments necessary for a fair presentation of the financial position, results of operations, and cash flows for the periods reported herein. Any such adjustments are of a normal recurring nature.

There were various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries which the Company does not expect to have a material impact on the Company's consolidated financial position, results of operations or cash flows.

 ****

***Significant Accounting Policies:***

*Use of Estimates:*

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

*Cash and Cash Equivalents:*

For financial statement presentation purposes, the Company considers those short-term, highly liquid investments with original maturities of three months or less to be cash or cash equivalents. There were no cash equivalents at December 31, 2022 or June 30, 2022.

*Property and Equipment:*

New property and equipment are recorded at cost. Property and equipment included in the bankruptcy proceedings and transferred to the Trustee had been valued at liquidation value. Depreciation is computed using the straight-line method over the estimated useful lives of the assets, generally 5 years. Expenditures for renewals and betterments are capitalized. Expenditures for minor items, repairs and maintenance are charged to operations as incurred. Gain or loss upon sale or retirement due to obsolescence is reflected in the operating results in the period the event takes place.

*Valuation of Long-Lived Assets:*

We review the recoverability of our long-lived assets including equipment, goodwill and other intangible assets, when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on our ability to recover the carrying value of the asset from the expected future pre-tax cash flows (undiscounted and without interest charges) of the related operations. If these cash flows are less than the carrying value of such asset, an impairment loss is recognized for the difference between estimated fair value and carrying value. Our primary measure of fair value is based on discounted cash flows. The measurement of impairment requires management to make estimates of these cash flows related to long-lived assets, as well as other fair value determinations.

*Stock Based Compensation:*

Stock-based awards are accounted for using the fair value method in accordance with ASC 718, Share-Based Payments. Our primary type of share-based compensation consists of stock options. We use the Black-Scholes option pricing model in valuing options. The inputs for the valuation analysis of the options include the market value of the Company's common stock, the estimated volatility of the Company's common stock, the exercise price of the warrants and the risk-free interest rate.

*Fair Value of Financial Instruments:*

FASB ASC 825, "Financial Instruments," requires entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value. FASB ASC 825 defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. At December 31, 2022 and June 30, 2022, the carrying value of certain financial instruments (cash and cash equivalents, accounts payable and accrued expenses.) approximates fair value due to the short-term nature of the instruments or interest rates, which are comparable with current rates.

*Earnings per Common Share:*

We compute net income (loss) per share in accordance with ASC 260, Earning per Share. ASC 260 requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing Diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive.

*Income Taxes:*

We have adopted ASC 740, Accounting for Income Taxes. Pursuant to ASC 740, we are required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

We must make certain estimates and judgments in determining income tax expense for financial statement purposes. These estimates and judgments occur in the calculation of certain tax assets and liabilities, which arise from differences in the timing of recognition of revenue and expense for tax and financial statement purposes.

Deferred tax assets and liabilities are determined based on the differences between financial reporting and the tax basis of assets and liabilities using the tax rates and laws in effect when the differences are expected to reverse. ASC 740 provides for the recognition of deferred tax assets if realization of such assets is more likely than not to occur. Realization of our net deferred tax assets is dependent upon our generating sufficient taxable income in future years in appropriate tax jurisdictions to realize benefit from the reversal of temporary differences and from net operating loss, or NOL, carryforwards. We have determined it more likely than not that these timing differences will not materialize and have provided a valuation allowance against substantially all of our net deferred tax asset.

Management will continue to evaluate the realizability of the deferred tax asset and its related valuation allowance. If our assessment of the deferred tax assets or the corresponding valuation allowance were to change, we would record the related adjustment to income during the period in which we make the determination. Our tax rate may also vary based on our results and the mix of income or loss in domestic and foreign tax jurisdictions in which we operate.

In addition, the calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax regulations. We recognize liabilities for anticipated tax audit issues in the U.S. and other tax jurisdictions based on our estimate of whether, and to the extent to which, additional taxes will be due. If we ultimately determine that payment of these amounts is unnecessary, we will reverse the liability and recognize a tax benefit during the period in which we determine that the liability is no longer necessary. We will record an additional charge in our provision for taxes in the period in which we determine that the recorded tax liability is less than we expect the ultimate assessment to be.

ASC 740 which requires recognition of estimated income taxes payable or refundable on income tax returns for the current year and for the estimated future tax effect attributable to temporary differences and carry-forwards. Measurement of deferred income tax is based on enacted tax laws including tax rates, with the measurement of deferred income tax assets being reduced by available tax benefits not expected to be realized.

*Uncertain Tax Positions:*

The provisions of ASC 740-10-25, "Accounting for Uncertainty in Income Taxes," prescribe a more-likely-than-not threshold for financial statement recognition and measurement of a tax position taken (or expected to be taken) in a tax return. This ASC also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and related disclosures.

Our federal and state income tax returns are open for fiscal years ending on or after June 30, 2007. We are not under examination by any jurisdiction for any tax year. At December 31, 2022, we had no material unrecognized tax benefits and no adjustments to liabilities or operations were required under ASC 740.

*Recently Issued Accounting Pronouncements:*

In December 2019, the FASB issued ASU 2019-12 - Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. This ASU provides an exception to the general methodology for calculating income taxes in an interim period when a year-to-date loss exceeds the anticipated loss for the year. This update also (1) requires an entity to recognize a franchise tax (or similar tax) that is partially based on income as an income-based tax and account for any incremental amount incurred as a non-income-based tax, (2) requires an entity to evaluate when a step-up in the tax basis of goodwill should be considered part of the business combination in which goodwill was originally recognized for accounting purposes and when it should be considered a separate transaction, and (3) requires that an entity reflect the effect of an enacted change in tax laws or rates in the annual effective tax rate computation in the interim period that includes the enactment date. The Company adopted this ASU on July 1, 2021. Upon adoption, there was no effect to the Company.

The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition, or cash flows, based on current information.

**Note 2. Going Concern**

The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company has incurred losses, has negative operational cash flows and has no revenues. The future of the Company is dependent upon Management success in its efforts and limited resources to pursue and effect a business combination. These conditions raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might arise from this uncertainty.

Currently, we get financial support for daily operating expenses from our related party. If a business combination transaction is not consummated, we do not believe that we could succeed in raising additional capital, from unrelated parties, needed to sustain our operations without some strategic transaction, such as a business combination or merger. If we are unable to consummate such a transaction, we expect that we would need to either continue to borrow funds from related party, or cease all operations and wind down. Although we are currently evaluating our strategic alternatives with respect to all aspects of our business, we cannot assure you that any actions that we take would raise or generate sufficient capital to fully address the uncertainties of our financial position.

**Note 3. Related Party Transactions**

Advances from – related party:

On March 31, 2021, we entered into a Loan Agreement with New York Listing Management Inc, a related party of us, under which we receive funding for general operating expenses from time-to-time as needed by the Company. The Loan Agreement bears interest of 8% per annum and shall be due and payable on a date 366 days from the date of the loan. On April 1, 2022, the Loan Agreement was extended to March 31, 2023.As of December 31, 2022 and June 30, 2022 the outstanding balance on this loan was $242,959 and $191,091, with accrued interest of $11,943 and $3,329, respectively. During the three months ended December 31, 2022 and December 31, 2021, the Company borrowed $27,989 and $21,080, respectively, under this Loan Agreement. During the three months period ended December 31, 2022 and December 31, 2021 the Company expensed interest of $4,587 and $2,020, respectively, related to this Loan Agreement. During the six months period ended December 31, 2022 and December 31, 2021, the Company borrowed $51,868 and $54,775, respectively, under this Loan Agreement. During the six months period December 31, 2022 and December 31, 2021, the Company expensed interest of $8,615 and $3,444 respectively related to this Loan Agreement

**Note 4. Capital Stock**

On March 18, 2021, the board of directors of the Company, with the written consent of a majority of the holders of the shares of the Company's Common Stock issued and outstanding, authorized the Company to (i) increase the number of authorized shares of Common Stock from 74,000,000 to 450,000,000 and the number of authorized shares of preferred stock from 1,000,000 to 50,000,000 (the "Authorized Stock Increase"), and (ii) file a Certificate of Amendment with the Secretary of State of the State of Nevada to effect the Authorized Stock Increase.

On April 13, 2021, the Company filed a Certificate of Amendment with the Secretary of State of the State of Nevada to affect the Authorized Stock Increase, which became effective on May 3, 2021.

At December 31, 2022 and June 30, 2022, the Company's outstanding Common stock were 2,380,958 and 2,380,958 shares, with par value of $0.0001 per share, respectively. At December 31, 2022 and June 30, 2022, the Company had no outstanding Preferred stock, respectively.

**Note 5. Subsequent Events**

The Company's management has performed subsequent events procedures through the date the financial statements were available to be issued. There were no subsequent events requiring adjustment to or disclosure in the financial statements.

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

Some of the statements contained in this quarterly report of Ecomax, Inc. (hereinafter the "Company" or "we") discuss future expectations, contain projections of our plan of operation or financial condition or state other forward-looking information. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. From time to time, we also may provide forward-looking statements in other materials we release to the public.

*General Background of the Company*

Ecomax, Inc. (formerly known as Ecomat Inc.) was incorporated on December 14, 1995 pursuant to the laws of the State of Delaware and was formed to develop the Ecomat concept - an environmentally sound solution to the current standard dry-cleaning method that utilizes perchloroethylene, which has been shown to have various toxic effects.

On March 26, 1999, the Company filed a petition under Chapter 7 for liquidation of the Company's business. As a result of which, all of the Company's properties were transferred to a United States trustee and the Company terminated all of its business operations. The bankruptcy trustee has disposed of all of the assets.

On June 14, 2006, the bankruptcy court granted an order approving the contract and finding that Park Avenue Group was a good faith purchaser within the meaning of 11 USC Section 363(m) of the Bankruptcy Code.

On June 15, 2006, and as a result of the Bankruptcy court's order, Park Avenue Group appointed Ivo Heiden to the board of directors of the Company and to serve as its Chief Executive Officer, Chief Financial Officer, sole director, and Chairman of the board of directors.

On February 5, 2007, the Company issued 13,230,000 shares of common stock to Ivo Heiden, for services provided valued at $2,500. Since then, Ivo Heiden controlled 78.58% of the issued and outstanding shares of common stock.

On February 9, 2007, the Company completed its change in domicile to Nevada.

On January 5, 2021, the Company entered into a Stock Purchase Agreement (the "SPA") with Clark Orient (BVI) Limited, ("Clark Orient"), Mr. Heiden, and WWYD, Inc. (WWYD, Inc. was a 5% or more shareholder of the Company. Mr. Heiden and WWYD, Inc. collectively referred to as the "Sellers"), pursuant to which Clark Orient acquired 20,205,000 shares of common stock of the Company (the "Shares") from Sellers for an aggregate purchase price of $320,000. The transaction contemplated in the SPA closed on January 7, 2021. The Shares represented approximately 85% of the issued and outstanding common stock of the Company. The transaction resulted in a change in control of the Company.

In connection with the change in control, Mr. Heiden, the then Chief Executive Officer, Chief Financial Officer, sole director, and Chairman of the board of directors of the Company, resigned from all of his positions with the Company and the resignations became effective on January 6, 2021. Ms. Yang Gui was appointed as the Chief Executive Officer, Chief Financial Officer, sole director, and Chairwoman of the board of directors of the Company, effective on January 6, 2021.

On March 11, 2021, upon the departure of Ms. Yang Gui, Mr. Yu Yam Anthony Chau was appointed as the Chief Executive Officer, Chief Financial Officer, sole director, and Chairman of the board of directors of the Company, effective on March 11, 2021.

On March 18, 2021, by unanimous written consent of the board of directors of the Company, the board of directors adopted resolutions approving 1) a reverse split of the Company's common stock at a ratio of 1-for-10, whereby every 10 shares of the issued and outstanding common stock shall be combined into one share of issued and outstanding common stock (the "Reverse Stock Split"); 2) an increase in the number of the authorized capital stock from 75,000,000 to 500,000,000, with the par value remaining at $0.0001 per share, consisting of 450,000,000 shares of common stock, par value $0.0001 per share and 50,000,000 shares of preferred stock, par value $0.0001 per share (the "Increase of Authorized Stock"); 3) a change of the Company's name and ticker from "Ecomat, Inc." and "ECMT," to "Ecomax, Inc." and "ECMX" (the "Change of Name," together with the Reverse Stock Split and the Increase of Authorized Stock, collectively the "Corporate Actions"); 4) amendments to its articles of incorporation to reflect the Corporate Actions (the "Amendments of Articles of Incorporation"); and 5) a proposal that such resolutions be submitted for a vote of the stockholders of the Company.

On March 18, 2021, the stockholder holding in the aggregate 20,205,000 shares of common stock or approximately 85% of the common stock outstanding on such date, approved the Corporate Actions.

On April 1, 2021, the Company filed a preliminary information statement on Schedule 14C with the SEC.

On April 13, 2021, the Company filed a definitive information statement on Schedule 14C with SEC.

On April 20 and 21, 2021, the Company filed a certificate of change and a certificate of amendment with the Secretary of State of the State of Nevada with respect to the Corporate Actions.

On April 28, 2021, the Company filed an Issuer Notification Form with FINRA requesting confirmation of the Change of Name.

The Corporate Actions, as of the date of this report, have all came into effect. As of the date of this report, our ticker symbol on OTC Markets has been changed to EMAX and our name has been changed to Ecomax, Inc.

On September 30, 2022, upon the departure of Mr. Yu Yam Anthony Chau, Mr. Raymond Chen was appointed as the Chief Executive Officer, Chief Financial Officer, sole director, and Chairman of the board of directors of the Company, effective on September 30, 2022.

*Business Objectives of the Company*

The Company currently has no business operations. While the Company does not intend to limit itself to a particular industry and continues to seek potential new business opportunities in different industries, as of the date of this report, the Company plans to cooperate with Rocitin Company Limited, a Hong Kong company ("Rocitin"), to purchase a variety of nutritional supplements (the "Products") from Pharmazeutische Fabrik Evers GmbH & Co. KG, a German company ("PFE"), and distribute them through Rocitin in China and other potential countries in Asia. The Products are expected to be shipped and stored in the warehouse [to be] leased by Rocitin in Hong Kong and distributed directly in Hong Kong and China by Rocitin on behalf of the Company (the "Distribution Business").

The Company entered into a term sheet with Rocitin in January 2023, which will be incorporated into a purchase and distribution agreement that the Company intends to execute in February 2023 (the "Purchase and Distribution Agreement"). Pursuant to the Purchase and Distribution Agreement, the Company will agree to purchase the Products from Rocitin with an annual minimum amount of 5,000 bottles, in which each bottle contains 60 capsules, at HK $600 (approximately $76.82) per bottle; Rocitin will agree to sell the Products and make the first delivery batch of 1,000 bottles of the Products at the end of February 28, 2023. Purchase payments shall be made upon delivery and inspection of the Products on a per bottle basis.

Pursuant to the Purchase and Distribution Agreement, Rocitin will agree to store the Products purchased from PFE in an appropriate warehouse leased by Rocitin and will distribute them in Hong Kong and China on behalf of the Company. The Company and Rocitin will agree to share any gross profit generated by the distribution on an 80/20 basis; that is, revenue generated from sales of the Products to third parties minus the original cost of purchase of the Products paid by the Company, will be shared between the Company and Rocitin on an 80/20 ratio.

The Company expects to execute the Purchase and Distribution Agreement in late February 2023 and to commence the Distribution Business in March 2023. However, there is no guarantee that the Purchase and Distribution Agreement will be executed within such timeframe or at all, or that, if the Purchase and Distribution Agreement is executed, there is no assurance that the Distribution Business will be successful.

The Company's common stock is subject to quotation on the OTC Pink Sheets under the symbol EMAX. There is currently only a limited trading market in the Company's shares and the Company believes that no active trading market has existed for the last 3 years. In the event that an active trading market commences, there can be no assurance as to the market price of our shares of common stock, whether any trading market will provide liquidity to investors, or whether any trading market will be sustained.

Since the Company has not established any particular criteria upon which it shall consider a business opportunity, its management has substantial flexibility in identifying and selecting prospective new business opportunities. The Company is dependent on the judgment of its management in connection with this process. In evaluating a prospective business opportunity, we would consider, among other factors, the following:

● costs
 associated with pursuing a new business opportunity;

● growth
 potential of the new business opportunity;

● experiences,
 skills and availability of additional personnel necessary to pursue a potential new business opportunity;

● necessary
 capital requirements;

● the
 competitive position of the new business opportunity;

● stage
 of business development;

● the
 market acceptance of the potential products and services;

● proprietary
 features and degree of intellectual property; and

● the
 regulatory environment that may be applicable to any prospective business opportunity.

The foregoing criteria are not intended to be exhaustive and there may be other criteria that management may deem relevant. In connection with an evaluation of a prospective or potential business opportunity, management may be expected to conduct a due diligence review.

The time and costs required to pursue new business opportunities, which includes negotiating and documenting relevant agreements and preparing requisite documents for filing pursuant to applicable securities laws, cannot be ascertained with any degree of certainty. In addition, the global COVID-19 pandemic has created significant challenges for us to research for a target and any target business with which we ultimately consummate a business combination, may be materially adversely affected by the COVID-19 pandemic.

Management intends to devote such time as it deems necessary to carry out the Company's affairs. The exact length of time required for the pursuit of any new potential business opportunities is uncertain. No assurance can be made that we will be successful in our efforts. We cannot project the amount of time that our management will actually devote to the Company's plan of operation.

The Company's intends to conduct its activities so as to avoid being classified as an "Investment Company" under the Investment Company Act of 1940, and therefore avoid application of the costly and restrictive registration and other provisions of the Investment Company Act of 1940 and the regulations promulgated thereunder.

*The Company is a shell Company and the Company's common stock is "penny stock"*

The Company's common stock is a "penny stock," as defined in Rule 3a51-1 promulgated by the SEC under the Securities Exchange Act of 1934 (the "Exchange Act"). The penny stock rules require a broker-dealer, prior to a transaction in penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document that provides information about penny stocks and the nature and level of risks in the penny stock market (the "Penny Stock Rules"). The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its sales person in the transaction, and monthly account statements showing the market value of each penny stock held in the customer's account. In addition, the Penny Stock Rules require that the broker-dealer, not otherwise exempt from such rules, must make a special written determination that the penny stock is suitable for the purchaser and receive the purchaser's written agreement to the transaction. These disclosure rules have the effect of reducing the level of trading activity in the secondary market for a stock that becomes subject to the Penny Stock Rules. So long as the common stock of the Company is subject to the Penny Stock Rules, it may be more difficult to sell the Company's common stock.

The Company is a shell company as defined in Rule 405 promulgated by the SEC under the Securities Act. A shell company is one that has no or nominal operations and either: (i) no or nominal assets; or (ii) assets consisting primarily of cash or cash equivalents. As a shell company, we are restricted in our use of Registrations on Form S-8 under the Securities Act; the lack of availability of the use of Rule 144 by security holders; and the lack of liquidity in our stock.

*Results of Operations during the three months ended December 31, 2022 as compared to the three months ended December 31, 2021*

We have not generated any revenues during the three months ended December 31, 2022 and 2021. We had total operating expenses of $26,465 related to general and administrative expenses during the three months ended December 31, 2022 compared to $23,527 during the same period in the prior year. We incurred interest expenses of $4,587 during three months ended December 31, 2022 compared to interest expenses of $2,020 during the three months ended December 31, 2021. During the three months ended December 31, 2022 and 2021, we had a net loss of $31,052 and $25,547, respectively. The increase in our net loss was due to the increase in the service fees charged by vendors, and the increase in interest expenses generated from the increased loan amount from the lender.

*Results of Operations during the six months ended December 31, 2022 as compared to the six months ended December 31, 2021*

We have not generated any revenues during the six months ended December 31, 2022 and 2021. We had total operating expenses of $51,208 related to general and administrative expenses during the six months ended December 31, 2022 compared to $46,408 during the same period in the prior year. We incurred interest expenses of $8,615 during six months ended December 31, 2022 compared to interest expenses of $3,444 during the six months ended December 31, 2021. During the six months ended December 31, 2022 and 2021, we had a net loss of $59,823 and $49,852, respectively. The increase in our net loss was due to the increase in the service fees charged by vendors, and the increase in interest expenses generated from the increased loan amount from the lender.

*Liquidity and Capital Resources*

At present, the Company has no business operations and no cash resources other than advances provided by our majority shareholder or an affiliated party. We are dependent upon interim funding provided by our majority shareholder or an affiliated party to pay professional fees and expenses. Our majority shareholder and an affiliated party have agreed to provide funding as may be required to pay for accounting fees and other administrative expenses of the Company until such time the Company enters into a business combination. The Company would be unable to continue as a going concern without interim financing provided by our majority shareholder and our affiliated party.

If we require additional financing, we cannot predict whether equity or debt financing will become available at terms acceptable to us, if at all. The Company depends upon services provided by management and funding provided by our majority shareholder or our affiliated party to fulfill its filing obligations under the Exchange Act. At present, the Company has no financial resources to pay for such services.

The Company does not currently engage in any business activities that provide cash flow.

During the next 12 months we anticipate incurring costs related to:

● filing of Exchange Act reports,

● the Distribution Business,

● registered agent fees and accounting fees, and

● investigating, analyzing and consummating an acquisition or business combination.

On December 31, 2022 and June 30, 2022, we had no current assets. As of December 31, 2022, we had $267,513 in liabilities, consisting of accounts payable of $3,250, an advance from a related party of $242,959, accrued interest due to related parties of $11,943 in one loan agreement, and accrued expenses of $9,361. As of June 30, 2022, we had $207,690 in liabilities consisting of accounts payable of $3,250, advance from a related party of $191,091, accrued interest due to related parties of $3,329 in one loan agreement, and accrued expenses of $10,020.

During the six months ended December 31, 2022, we had negative cash flow from operating activities of $51,868 due to a net loss of $59,823. We financed our negative cash flow from operations $51,868 in advances from New York Listing Management Inc., an affiliated party. During the six months ended December 31, 2021, we had negative cash flow from operating activities of $54,775 due to a net loss of $49,852. We financed our negative cash flow from operations through $54,775 in advances from New York Listing Management Inc., an affiliated party.

The Company currently plans to satisfy its cash requirements for the next 12 months through borrowings from New York Listing Management Inc, as well as from the revenue expected to be generated from operations, and believes it can satisfy its cash requirements so long as it is able to obtain such financing from New York Listing Management Inc and the Distribution Business commences successfully. The Company expects that money borrowed and generated from such sources will be used during the next 12 months to satisfy the Company's operating costs, professional fees and general corporate purposes.

On March 31, 2021, we entered into a loan agreement with New York Listing Management Inc., a related party, under which we are able to receive funding of up to $200,000 for general operating expenses from time-to-time as needed by the Company (the "NYLM Loan Agreement"). The NYLM Loan Agreement bears an interest rate of 8% per annum and is due and payable on the date that is three hundred sixty-six (366) days from the date of such loan agreement. On March 31, 2022, we extended the NYLM Loan Agreement with New York Listing Management Inc. and such loan agreement will expire on March 31, 2023. As of December 31, 2022 and 2021, the outstanding balance on this loan was $242,959 and $114,500, respectively, with accrued interest of $11,943 and $4,110, respectively. As of December 31, 2022, we expensed interest of $4,587, related to this NYLM Loan Agreement.

The Company intends to repay the loan from New York Listing Management Inc. at a time when it has the cash resources to do so.

The Company has only limited capital. Additional financing is necessary for the Company to continue as a going concern. Our independent auditors issued an unqualified audit opinion for the years ended June 30, 2022 and 2021 with an explanatory paragraph on going concern.

*Off-Balance Sheet Arrangements*

As of December 31, 2022, and 2021, we did not have any off-balance sheet arrangements as defined in Item 303(a)(4)(ii) of Regulation S-K promulgated under the Securities Act of 1934.

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

As a small reporting company, we are not required to provide the information required by this item.

**ITEM 4. CONTROLS AND PROCEDURES**

*Evaluation of disclosure controls and procedures.*

As of December 31, 2022, the Company's Chief Executive Officer conducted an evaluation regarding the effectiveness of the Company's disclosure controls and procedures (as defined in Rules 13a-15(e) or 15d-15(e) under the Exchange Act. Based upon the evaluation of these controls and procedures as provided under the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework (2013), our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were ineffective because of the identification of material weaknesses, including lack of sufficient internal accounting personnel in order to ensure complete documentation of complex transactions and adequate financial reporting during the period ended December 31, 2022. The Company has no formal control process related to the identification and approval of related party transactions. As a shell company, the Company currently has no operations and limited personnel, and, as of the date of this report, it has not taken corrective actions to address the ineffective disclosure controls and procedures. The Company intends to take corrective actions in the future when it starts operations.

*Changes in Internal Control Over Financial Reporting*

There were no changes in our internal control over financial reporting or in other factors identified in connection with the evaluation required by paragraph (d) of Exchange Act Rules 13a-15 or 15d-15 that occurred during the first quarter ended December 31, 2022 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

**PART II**

**OTHER INFORMATION**

**ITEM 1. LEGAL PROCEEDINGS**

Other than ordinary routine litigation (of which the Company is not currently involved), the Company knows of no material, existing or pending legal proceedings against it, nor is the Company involved as a plaintiff in any material proceeding or pending litigation, and there are no proceedings in which any of the Company's directors or officers is an adverse party or has a material interest adverse to the Company.

**ITEM 1A. RISK FACTORS**

As a smaller reporting company, we are not required to provide the information otherwise required by this Item.

**ITEM 2. UNREGISTERED SALE OF EQUITY SECURITIES AND USE OF PROCEEDS**.

None.

**ITEM 3. DEFAULT UPON SENIOR SECURITIES.**

None.

**ITEM 4. MINE SAFETY DISCLOSURES.**

Not applicable.

**ITEM 5. OTHER INFORMATION.**

None.

**ITEM 6. EXHIBITS**

---

| | |
|:---|:---|
| **Exhibit**<br> **No.** | **Description** |
| 3.1 | [Certificate of Incorporation (incorporated by reference to our Form 10, Exhibit No.3.1, filed with the Securities and Exchange Commission on July 10, 2017)](https://www.sec.gov/Archives/edgar/data/1008653/000129534517000206/exh3_1.htm) |
| 3.2 | [Bylaws (incorporated by reference to our Form 10, Exhibit 3.2, filed with the Securities and Exchange Commission on July 10, 2017)](https://www.sec.gov/Archives/edgar/data/1008653/000129534517000206/exh3_2.htm) |
| 3.3 | [Certificate of Amendment dated as of April 21, 2021 and Nevada State Business License dated as of April 22, 2021 (incorporated by reference to our Form 8-K, Exhibit No.3.2, filed with the Securities and Exchange Commission on May 26, 2021.)](https://www.sec.gov/Archives/edgar/data/1008653/000149315221012943/ex3-2.htm) |
| 3.4 | [Certificate of Change dated as of April 20, 2021(incorporated by reference to our Form 8-K, Exhibit 3.2, filed with the Securities and Exchange Commission on May 26, 2021.)](https://www.sec.gov/Archives/edgar/data/1008653/000149315221012943/ex3-1.htm) |
| 31 | [Certification of Chief Executive Officer and Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 \*](ex31.htm) |
| 32 | [Certification of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 \*\*](ex32.htm) |
| 101.INS | Inline XBRL Instance Document \* |
| 101.SCH | Inline XBRL Taxonomy Extension Schema Document \* |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document \* |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document \* |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document \* |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document \* |
| 104 | Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit) |

---

\* Filed herewith.

\*\* In accordance with Item 601(b)(32)(ii) of Regulation S-K and SEC Release No. 34-47986, the certification furnished in Exhibit 32 herewith is deemed to accompany this Quarterly Report on Form 10-Q and will not be deemed filed for purposes of Section 18 of the Exchange Act. Such certification will not be deemed to be incorporated by reference into any filings under the Securities Act or the Exchange Act.

**SIGNATURES**

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the registrant and in the capacities and on the date indicated.

---

| | | |
|:---|:---|:---|
|  | **ECOMAX, INC.** | **ECOMAX, INC.** |
| February 6, 2023 |  |  |
|  | By: | */s/ Raymond Chen* |
|  | Name: | Raymond Chen |
|  | Title: | Chief Executive Officer and Chief Financial Officer |

---

## Ex-31

**Exhibit 31**

**<u>CERTIFICATION OF CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER PURSUANT</u>**

**<u>TO EXCHANGE ACT RULE 13A-14(A), AS ADOPTED PURSUANT TO SECTION 302 OF THE</u>**

**<u>SARBANES-OXLEY ACT OF 2002</u>**

I, Raymond Chen, certify that:

1. I have reviewed this quarterly report of Ecomax, Inc.;

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 issuer as of, and for, the periods presented in this report;

4. The issuer's other certifying officer(s) and I are 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 issuer and have:

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

(b) 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;

(c) Evaluated the effectiveness of the 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

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

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

(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 issuer's ability to record, process, summarize and report financial information; and

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

Date: February 6, 2023

---

| |
|:---|
| */s/ Raymond Chen* |
| Raymond Chen |
| CEO and CFO |

---

## 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

The undersigned hereby certifies, in his capacity as CEO and CFO of Ecomax, Inc. (the "Company"), for the purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of his knowledge:

(1) The Quarterly Report of the Company on Form 10-Q for the period ended December 31, 2022 (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 results of operations of the Company.

Date: February 6, 2023

---

| |
|:---|
| */s/ Raymond Chen* |
| Raymond Chen |
| CEO and CFO |

---

The foregoing certification is being furnished solely pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code) and is not being filed as part of a separate disclosure document.