# EDGAR Filing Document

**Accession Number:** 0001067873
**File Stem:** 0001393905-23-000065
**Filing Date:** 2023-2
**Character Count:** 51244
**Document Hash:** a05d5b9e8fab8ff605b92ace79b95288
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001393905-23-000065.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001393905-23-000065

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 38

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AS-IP TECH INC
- **CENTRAL INDEX KEY:** 0001067873
- **STANDARD INDUSTRIAL CLASSIFICATION:** AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
- **IRS NUMBER:** 522101695
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-27881
- **FILM NUMBER:** 23623468

**BUSINESS ADDRESS:**
- **STREET 1:** 100 PARK AVENUE 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 424 888 2212

**MAIL ADDRESS:**
- **STREET 1:** 1/15 CASTLES DRIVE
- **CITY:** TORQUAY, VICTORIA
- **STATE:** C3
- **ZIP:** 3228

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASI ENTERTAINMENT INC
- **DATE OF NAME CHANGE:** 19980807

?xml version='1.0' encoding='us-ascii' standalone='no'? AS-IP TECH, INC. - Form 10-Q SEC filing

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

Washington, D.C. 20549

**FORM 10-Q**

(Mark One)

**☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT OF 1934**

For the quarterly period ended December 31, 2022

or

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

For the transition period from ____ to _____

Commission file number 000-27881

**AS-IP TECH, INC.**

(Exact name of small business issuer as specified in its charter)

Delaware 52-2101695 <br> (State or other jurisdiction of (IRS Employer Identification No.) <br> incorporation or organization)

1/15 Castles Drive

Torquay, Victoria, 3228, Australia

(Address of principal executive officers)

+1 424-888-2212

(Issuer's telephone number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T 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, 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. ☐

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Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant filed all documents and reports required to be filed by Section l2, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes ☒ No ☐

APPLICABLE ONLY TO CORPORATE ISSUERS

As of February 13, 2023, there were 283,252,495 outstanding shares of the issuer's Common Stock, $0.0001 par value.

------

**AS-IP TECH, INC.**

**FORM 10-Q**

**FOR THE QUARTER ENDED DECEMBER 31, 2022**

---

| | |
|:---|:---|
| [PART I. FINANCIAL INFORMATION](#a1) | 4 |
| [ITEM 1. FINANCIAL STATEMENTS](#a2) | 4 |
| [ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#a3) | 12 |
| [ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK](#a4) | 13 |
| [ITEM 4. CONTROLS AND PROCEDURES](#a5) | 13 |
| [PART II. OTHER INFORMATION](#a6) | 14 |
| [ITEM 1. LEGAL PROCEEDINGS](#a7) | 14 |
| [ITEM 1A. RISK FACTORS](#a8) | 14 |
| [ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS](#a9) | 14 |
| [ITEM 3. DEFAULTS UPON SENIOR SECURITIES](#a10) | 14 |
| [ITEM 4. MINE SAFETY DISCLOSURES](#a11) | 14 |
| [ITEM 5. OTHER INFORMATION](#a12) | 14 |
| [ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K](#a13) | 15 |
| [SIGNATURES](#a14) | 16 |

---

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**PART I. FINANCIAL INFORMATION**

**ITEM 1. FINANCIAL STATEMENTS**

**AS-IP TECH, INC.**

**CONDENSED BALANCE SHEETS**

**(UNAUDITED)**

---

| | | |
|:---|:---|:---|
|  | **December 31,**<br> **2022** | **June 30,**<br> **2022** |
|  | (unaudited) | (audited) |
| **ASSETS** |  |  |
| Current Assets |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $17380 | $108098 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses | 25000 | 25000 |
| Total current assets | 42380 | 133098 |
| Total assets | $42380 | $133098 |
| **LIABILITIES AND STOCKHOLDERS' DEFICIT** |  |  |
| Current Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $19989 | $5723 |
| &nbsp;&nbsp;&nbsp;Related party payables | 862964 | 484938 |
| &nbsp;&nbsp;&nbsp;Loans | 84250 | 77727 |
| &nbsp;&nbsp;&nbsp;Due to related parties | 0 | 228811 |
| &nbsp;&nbsp;&nbsp;Subscription for capital | 32167 | 1196 |
| Total current liabilities | 999370 | 798395 |
| Non-Current Liabilities |  |  |
| &nbsp;&nbsp;&nbsp;Convertible notes, net of discount | $1014791 | $918959 |
| &nbsp;&nbsp;&nbsp;Convertible notes, related parties, net of discount | 625000 | 587500 |
| Total non-current liabilities | 1639791 | 1506459 |
| Total liabilities | 2639161 | 2304854 |
| Commitment and contingencies (Note 3) |  |  |
| Stockholders' Deficit |  |  |
| &nbsp;&nbsp;&nbsp;Preferred stock $0.0001 par value;<br> &nbsp;&nbsp;&nbsp;&nbsp;50,000,000 shares authorized;<br> &nbsp;&nbsp;&nbsp;&nbsp;none issued and outstanding | - | - |
| &nbsp;&nbsp;&nbsp;Common stock, $0.0001 par value, 500,000,000<br> &nbsp;&nbsp;&nbsp;&nbsp;authorized, and 280,208,353 and 278,697,573 were issued<br> &nbsp;&nbsp;&nbsp;&nbsp;and outstanding as of Dec. 31, 2022 and June 30, 2022,<br> &nbsp;&nbsp;&nbsp;&nbsp;respectively | 28019 | 27870 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 14249087 | 14152124 |
| &nbsp;&nbsp;&nbsp;Treasury stock - par value (50,000 shares) | (5) | (5) |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (16873882) | (16351745) |
| Total stockholders' deficit | (2596781) | (2171756) |
| Total liabilities and stockholders' deficit | $42380 | $133098 |

---

The accompanying notes are an integral part of these condensed financial statements.

------

**AS-IP TECH, INC.**

**CONDENSED STATEMENTS OF OPERATIONS**

**(UNAUDITED)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Three Months Ended**<br> **December 31,** | **Three Months Ended**<br> **December 31,** | **Six Months Ended**<br> **December 31,** | **Six Months Ended**<br> **December 31,** |
|  | **2022** | **2021** | **2022** | **2021** |
| **Revenue** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;BizjetMobile commission | $29982 | $- | $53876 | $- |
| **Operating expenses** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | 148770 | 393990 | 321922 | 527469 |
| &nbsp;&nbsp;&nbsp;Selling expenses | 57000 | 100688 | 114905 | 170516 |
| Total operating expenses | 205770 | 494678 | 436827 | 697985 |
| Loss from operations | (175788) | (494678) | (382951) | (697985) |
| **Other expense** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest | 52934 | 193109 | 103481 | 258507 |
| &nbsp;&nbsp;&nbsp;Interest - related party | 21863 | 21669 | 43676 | 43291 |
| &nbsp;&nbsp;&nbsp;Capital raising costs | - | 30375 | - | 30375 |
| Total other expense | 74797 | 245153 | 147157 | 332173 |
| Net loss | $(250585) | $(739831) | $(530108) | $(1030158) |
| Net loss per share - (basic and diluted) | $(0.00) | $(0.00) | $(0.00) | $(0.00) |
| Weighted average number of common<br> shares outstanding - (basic and diluted) | 279473960 | 261548271 | 279252538 | 258349083 |

---

The accompanying notes are an integral part of these condensed financial statements.

------

**AS-IP TECH, INC.**

**CONDENSED STATEMENTS OF STOCKHOLDERS' DEFICIT**

**(UNAUDITED)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Common Stock** | **Common Stock** |  |  |  |  |
|  | **Shares** | **Amount** | **Paid-In**<br> **Capital** | **Treasury**<br> **Stock** | **Accumulated**<br> **Deficit** | **Stockholders'**<br> **Equity** |
|  |  | **($)** | **($)** | **($)** | **($)** | **($)** |
| **Balance, June 30, 2021** | 255149894 | 25515 | 12852362 | (5) | (14195118) | (1317246) |
| &nbsp;&nbsp;&nbsp;Adoption of ASU2020-06 | - | - | - | - | (1003630) | (1003630) |
| &nbsp;&nbsp;&nbsp;Net loss for the period | - | - | - | - | (290327) | (290327) |
| **Balance, September 30, 2021** | 255149894 | 25515 | 12852362 | (5) | (15489075) | (2611203) |
| &nbsp;&nbsp;&nbsp;Issue of shares for cash | 4846726 | 485 | 484188 | - | - | 484673 |
| &nbsp;&nbsp;&nbsp;Issue of shares in lieu of interest | 2478537 | 248 | 335854 | - | - | 336102 |
| &nbsp;&nbsp;&nbsp;Issue of shares for services | 225000 | 23 | 30353 | - | - | 30376 |
| &nbsp;&nbsp;&nbsp;Issue of shares for services, related party  | 150000 | 15 | 20985 | - | - | 21000 |
| &nbsp;&nbsp;&nbsp;Issue of shares in lieu of directors fees | 1428000 | 143 | 199777 | - | - | 199920 |
| &nbsp;&nbsp;&nbsp;Net loss for the period | - | - | - | - | (739831) | (739831) |
| **Balance, December 31, 2021** | 264278157 | 26429 | 13923519 | (5) | (16228906) | (2278963) |
| **Balance, June 30, 2022** | 278697573 | 27870 | 14152124 | (5) | (16351745) | (2171756) |
| &nbsp;&nbsp;&nbsp;Accounts payable adjustment | - | - | - | - | 7971 | 7971 |
| &nbsp;&nbsp;&nbsp;Issue of shares for cash | 487080 | 49 | 45878 | - | - | 45927 |
| &nbsp;&nbsp;&nbsp;Net loss for the period | - | - | - | - | (279523) | (279523) |
| **Balance, September 30, 2022** | 279184653 | 27919 | 14198002 | (5) | (16623297) | (2397381) |
| &nbsp;&nbsp;&nbsp;Issue of shares for cash | 1023700 | 100 | 51085 | - | - | 51185 |
| &nbsp;&nbsp;&nbsp;Net loss for the period | - | - | - | - | (250585) | (250585) |
| **Balance, December 31, 2022** | 280208353 | 28019 | 14249087 | (5) | (16873882) | (2596781) |

---

The accompanying notes are an integral part of these condensed financial statements.

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**AS-IP TECH, INC.**

**CONDENSED STATEMENTS OF CASH FLOWS**

**(UNAUDITED)**

---

| | | |
|:---|:---|:---|
|  | **Six Months Ended**<br> **December 31,** | **Six Months Ended**<br> **December 31,** |
|  | **2022** | **2021** |
| **Cash flows from operating activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(530108) | $(1030158) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used by operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of common stock for directors fees | - | 199920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of common stock for services | - | 30375 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issuance of common stock for services, related parties | - | 21000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (Decrease) in accounts payable | 22237 | (97) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (Decrease) in related party payables | 149215 | (20016) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (Decrease) in related party accrued interest | 37500 | 37500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in accrued interest | 102355 | 78586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase in prepaid expenses | - | (125856) |
| &nbsp;&nbsp;&nbsp;Net cash used in operating activities | (218801) | (808746) |
| **Cash flows from investing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;Net cash used by investing activities | - | - |
| **Cash flows from financing activities:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from loans | - | 16920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares issued in lieu of interest | - | 307482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from issuance of common stock | 97112 | 484673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Funds received pending issuance of common stock | 30971 | 192640 |
| &nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 128083 | 1001715 |
| Net Increase/(Decrease) in cash | (90718) | 192969 |
| &nbsp;&nbsp;&nbsp;Cash, beginning of period | 108098 | 157601 |
| &nbsp;&nbsp;&nbsp;Cash, end of period | $17380 | $350570 |
| Supplemental schedule of non-cash activities: |  |  |
| &nbsp;&nbsp;&nbsp;Cash paid for interest | $563 | $6745 |
| &nbsp;&nbsp;&nbsp;Common stock paid for interest payable | $- | $336102 |

---

The accompanying notes are an integral part of these condensed financial statements.

------

**AS-IP TECH, INC.**

**NOTES TO CONDENSED FINANCIAL STATEMENTS**

**AS OF DECEMBER 31, 2022**

**(UNAUDITED)**

**Note 1. Organization, Business and Summary of Significant Accounting Policies**

**Organization and Description of Business**

AS-IP Tech, Inc. (the "Company") was formed on April 29, 1998 as a Delaware corporation.

The Company's technology comprises two product lines called BizjetMobile and fflya. The products deliver inflight connectivity for business aviation and commercial airlines respectively. The Company receives revenue share from sales by distributors of products and serviced developed from its intellectual property.

**Basis of Presentation**

The accompanying unaudited interim condensed financial statements have been prepared in accordance with generally accepted accounting principles in the United States for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The Company has early adopted ASU2020-06 on its twelve months ended June 30, 2022 unaudited interim condensed financial statements (See Convertible Financial Instruments and New Accounting Pronouncements). Operating results for the six months ended December 31, 2022 are not necessarily indicative of the results that may be expected for the year ending June 30, 2023. Notes to the unaudited interim condensed financial statements that would substantially duplicate the disclosures contained in the audited financial statements for fiscal year 2022 have been omitted. This report should be read in conjunction with the audited financial statements and the footnotes thereto for the fiscal year ended June 30, 2022 included in the Company's Form 10-K as filed with the Securities and Exchange Commission on October 12, 2022.

The functional currency of the Company is the United States dollar. The unaudited condensed financial statements are expressed in United States dollars. It is management's opinion that any material adjustments (consisting of normal recurring adjustments) have been made which are necessary for a fair financial statement presentation. The results for the interim period are not necessarily indicative of the results to be expected for the year.

For further information, refer to the financial statements and footnotes included in the Company's Form 10-K for the year ended June 30, 2022.

**Use of Estimates**

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Such estimates and assumptions impact, among others, the collectability of accounts receivables, valuation allowance for deferred tax assets due to continuing and expected future losses, and share-based payments.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.

**New Accounting Pronouncements**

In August 2020, the FASB issued ASU 2020-06, ASC Subtopic 470-20 "Debt-Debt with "Conversion and Other Options" and ASC subtopic 815-40 "Hedging-Contracts in Entity's Own Equity". The standard reduced the number of accounting models for convertible debt instruments and convertible preferred stock. Convertible instruments that continue to be subject to separation models are (1) those with embedded conversion features that are not clearly and closely related to the host contract, that meet the definition of a derivative, and that do not qualify for a scope

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exception from derivative accounting; and, (2) convertible debt instruments issued with substantial premiums for which the premiums are recorded as paid-in capital. ASU2020-06 removes from U.S. GAAP the separation models for (1) convertible debt with a cash conversion feature ("CCF") and (2) convertible instruments with a beneficial conversion feature ("BCF"). With the adoption of ASU2020-06, entities will not separately present in equity an embedded conversion feature these debts. The amendments in this update are effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. Early adoption is permitted, but no earlier than fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. The Company has chosen to early adopt this standard on its year ended June 30, 2022 financial statements and did not record BCF on the issuance of convertible notes with conversion rate below the Company's market stock price on the date of note issuance.

The Company has evaluated other recent accounting pronouncements and believes that none of them have a material effect on the Company's financial statements.

**Note 2. Going Concern**

The accompanying unaudited condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has recurring operating losses, limited funds and has accumulated deficits. These factors raised substantial doubt about the Company's ability to continue as a going concern.

The Company may raise additional capital by the sale of its equity securities, through an offering of debt securities, or from borrowing from a financial institution. The Company does not have a policy on the amount of borrowing or debt that the Company can incur. Management believes that actions presently being taken to obtain additional funding provides the additional opportunity for the Company to continue as a going concern for the next twelve months after these financial statements are issued. However, there is no assurance of additional funding being available or on acceptable terms, if at all. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

**Note 3. Related Party Transactions**

As of December 31, 2022 and June 30, 2022, the Company has recorded as "related party payables", $862,964 and $484,938, respectively. A component of the payables is advances made by the CFO to pay for operating expenses. From July 1, 2016, interest has accrued on amounts due to the CFO calculated quarterly at a rate of 6.5% per annum. As a result, in the three months ended December 31, 2022 and December 31, 2021, the Company recorded Interest - related party of $3,113 and $2,919 respectively. In the six months ended December 31, 2022 and December 31, 2021, the Company recorded Interest - related party of $6,176 and $5,791 respectively. The increase of "Related party payables" at December 31, 2022 is due to the transfer of an amount of $228,811, previously categorised as "Due to related parties" to "Related party payables". As a result, as at December 31, 2022 and June 30, 2022 respectively, the Company had "Due to related parties" of $0 and $228,811.

In the three months ended December 31, 2022 and December 31, 2021 respectively, the Company recorded commission revenue of $29,982 and $0 from the BizjetMobile licensee, an entity affiliated through common stockholders and directors. In the six months ended December 31, 2022 and December 31, 2021 respectively, the Company recorded commission revenue of $53,876 and $0 from the BizjetMobile licensee.

In the three months ended December 31, 2022 and December 31, 2021 respectively, the Company incurred expenses of approximately $24,000 and $24,000 respectively to entities affiliated through common stockholders and directors for management expenses. In the six months ended December 31, 2022 and December 31, 2021 respectively, the Company incurred expenses of approximately $48,000 and $48,000 respectively to entities affiliated through common stockholders and directors for management expenses.

In the three months ended December 31, 2022 and December 31, 2021 respectively, the Company incurred marketing expense of $57,000 and $89,786 to entities affiliated through common stockholders and directors. In the

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six months ended December 31, 2022 and December 31, 2021 respectively, the Company incurred marketing expense of $114,000 and $149,614 to entities affiliated through common stockholders and directors.

In the three months ended December 31, 2022 and December 31, 2021 respectively, the Company incurred expense of $45,000 and $30,000 to entities affiliated through common stockholders and directors for program service support. In the six months ended December 31, 2022 and December 31, 2021 respectively, the Company incurred expense of $100,000 and $54,000 to entities affiliated through common stockholders and directors for program service support.

In the three months ended December 31, 2022 and December 31, 2021 respectively, the Company incurred engineering service costs of $40,030 and $44,342 to entities affiliated through common stockholders, on normal commercial terms in the course of the Company's normal business. In the six months ended December 31, 2022 and December 31, 2021 respectively, the Company incurred engineering service costs of $81,950 and $89,301 to entities affiliated through common stockholders, on commercial terms in the course of the Company's normal business.

**Note 4. Stockholders' Deficit**

As of December 31, 2022, the Company had 500,000,000 shares of authorized common stock, $0.0001 par value, with 280,208,353 shares issued and outstanding, and 50,000 shares in treasury. Treasury shares are accounted for by the par value method.

As of December 31, 2022, the Company had 50,000,000 shares of authorized preferred stock, $0.0001 par value, with no shares issued and outstanding.

During the six month period ended December 31, 2022, the Company received subscriptions for capital of $128,083, and together with the subscriptions for capital outstanding as of June 30, 2022 of $1,196, has issued 209,280 shares of common stock at $0.10 per share, 277,800 shares of common stock at $0.09 per share, 1,023,700 shares of common stock at $0.05 per share, and will issue a further 643,740 shares of common stock at $0.05 per share from the Subscriptions for capital account.

**Note 5. Loans**

Loans in the Company's balance sheet are made up of:

*Unsecured loans*

The Company has an unsecured loan from a third party with balance outstanding at December 31, 2022 of $40,417 (June 30, 2022 $36,601). Interest is calculated at a rate of 20% per annum with interest of $1,955 and $1,604 taken up in the three months ended December 31, 2022 and 2021 respectively and $3,816 and $3,130 in the six months ended December 31, 2022 and 2021 respectively. The Company makes principal and interest payments for the loan when funds are available.

The Company has an outstanding unsecured loan from a shareholder totalling $11,583 at December 31, 2022 and $10,000 at June 30, 2022. The terms of the loan provides that if it is not repaid by the loan anniversary (December 31 each year), the Company will issue 33,334 shares of common stock in lieu of interest. Interest of $1,583 and $2,250 was taken up in the six months ended December 31, 2022 and 2021 based on the share price on balance dates.

*Convertible notes*

The Company has convertible notes totalling $1,672,041 and $1,537,585 as of December 31, 2022, and June 30, 2022 respectively. The holders of the convertible notes have the right of conversion from the date of issuance.

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Convertible notes outstanding as of December 31, 2022 and June 30, 2022 are summarized below:

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| | | | |
|:---|:---|:---|:---|
| **Details** | **Maturity**<br> **Date** | **Balance at**<br> **Dec. 31,**<br> **2022** | **Balance at**<br> **June 30,**<br> **2022** |
| 20% Convertible Notes totalling $337,500 plus accrued interest | Dec. 31, 2023 | $728045 | $659293 |
| 20% Convertible Notes totalling $22,500 plus accrued interest | At call | 32252 | 31126 |
| 20% Convertible Notes totalling $200,000 plus accrued interest | Dec. 31, 2023 | 286744 | 259666 |
| 20% Related Party Convertible Notes totalling $375,000 plus accrued interest | Dec. 31, 2023 | 525000 | 487500 |
| 0% Convertible Notes totalling $100,000 | Dec. 31, 2023 | 100000 | 100000 |
| Total convertible notes |  | 1672041 | 1537585 |

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In 2018, the Company issued Convertible Notes which totalled $607,500, to fund the development of its fflya systems. Two issues were made as follows:

The first convertible note for $337,500. Terms of the issue are:

-Interest rate: 20% per annum.

-Conversion price: $0.03 per share.

-Maturity date: December 1, 2020, which has now been extended to December 31, 2023, conditional on the holders advancing an additional $200,000 on terms set out under 4 below, and outstanding interest to be compounded.

In July 2021, related party contractors agreed to accept convertible notes totalling $375,000 to reduce the debts they are owed, as follows:

-Interest rate: 20% per annum, payable monthly in arrears in shares

-Conversion price: $0.015 per share

-Maturity date: December 31, 2023

Two convertible notes for $200,000. Terms of the issue are:

-Interest rate: 20% per annum.

-Conversion price: $0.015 per share.

-Maturity date: December 1, 2023, and outstanding interest to be compounded.

In June 2022, $100,000 of related party debt was switched to two Convertible Notes, as follows:

-Interest rate: 0% per annum

-Conversion price: $0.015 per share

-Maturity date: December 31, 2023

**Note 6. Subsequent Events**

On October 27, 2022 the Company issued a Form 8-K to announce that as noted in the June 30, 2022 10-K, it had renegotiated the terms of arrangements with ASiQ Pty. Ltd., the original developers of the Company's BizjetMobile technology and the airline version of the technology designated fflya.

Subsequent to December 31, 2022, the Company has received cash of $120,000 as Subscription for capital and for which it will issue 2,400,000 shares of common stock at $0.05 per share.

------

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

This quarterly report on Form 10-Q includes "forward-looking statements" as defined by the Securities and Exchange Commission. These statements may involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by any forward-looking statements. Forward-looking statements, which involve assumptions and describe future plans, strategies and expectations, are generally identifiable by use of the words "may," "will," "could", "should," "expect," "anticipate," "estimate," "believe," "intend" or "project" or the negative of these words or other variations on these words or comparable terminology. These forward-looking statements are based on assumptions that may be incorrect. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors. The company undertakes no obligation to update publicly any forward-looking statements for any reason, even if new information becomes available or other events occur in the future.

The following discussion should be read in conjunction with the Company's Form 10-K for the fiscal year ended June 30, 2022.

**OVERVIEW**

The Company's inflight connectivity technology is targeted at two distinct markets. BizjetMobile and CrewX are designed for business jets and has been sold in North America, Europe and the Middle East. The Company's fflya system is designed for, and marketed to, low-cost airlines in Europe and Asia. Further details of BizjetMobile and fflya are included in the Form10-K for the year ended June 30, 2022.

As noted above, the Company's arrangements in regard to BizjetMobile have been re-negotiated and as a result, revenue has re-commenced in the six months ended December 31, 2022.

The Company has continued investing in the development and marketing of the airline versions of its fflya and CrewX technology. As previously noted, the Company has secured its launch fleet, Wizz Air Hungary Airlines Limited, to provide its fflya system for 19 of its United Kingdom based A320 and A321 aircraft for a minimum three years under a previously agreed revenue sharing arrangement.

**RESULTS OF OPERATIONS**

**THREE MONTHS ENDED DECEMBER 31, 2022 COMPARED TO THREE MONTHS ENDED DECEMBER 31, 2021**

In the three months period ended December 31, 2022, the Company recorded revenue of $29,982, compared to revenue of $0 in the corresponding three-month period ended December 31, 2021, from commissions under the new license arrangements with ASiQ Pty. Ltd.

The Company incurred operating costs of $205,770 in the three months ended December 31, 2022 and $494,678 in the three months ended December 31, 2021. Main components are engineering, installation, technical support and marketing expenses. In the three months ended December 31, 2022, the Company recorded an Operating Loss of $175,788 compared to an Operating Loss of $494,678 in the three months ended December 31, 2021.

The development and marketing costs have been funded in part through interest bearing convertible notes. As a result, the Company's Other Expenses, included interest of $74,797 in the three months ended December 31, 2022, compared to interest cost of $214,778 in the three months ended December 31, 2021. The decreased expense was a result of some of the convertible notes being replaced with shares of the Company's common stock, effective June 30, 2022. After interest costs, the Company recorded a Net Losses of $250,585 and $739,831 in the three months ended December 31, 2022 and 2021 respectively.

------

**SIX MONTHS ENDED DECEMBER 31, 2022 COMPARED TO SIX MONTHS ENDED DECEMBER 31, 2021**

In the six months period ended December 31, 2022, the Company recorded revenue of $53,876, compared to revenue of $0 in the corresponding six-month period ended December 31, 2021, as the Company received the first commissions under the new license arrangements with ASiQ Pty. Ltd.

The Company incurred operating costs of $436,827 in the six months ended December 31, 2022 and $697,985 in the six months ended December 31, 2021. Main components are engineering, installation, technical support and marketing expenses. In the six months ended December 31, 2022, the Company recorded an Operating Loss of $382,951 compared to an Operating Loss of $697,985 in the six months ended December 31, 2021.

The development and marketing costs have been funded in part through interest bearing convertible notes. As a result, the Company's Other Expenses, included interest of $147,157 in the six months ended December 31, 2022, compared to interest cost of $301,798 in the six months ended December 31, 2021. The decreased expense was a result of some of the convertible notes being replaced with shares of the Company's common stock, effective June 30, 2022. After interest costs, the Company recorded a Net Losses of $530,108 and $1,030,158 in the six months ended December 31, 2022 and 2021 respectively.

**LIQUIDITY AND CAPITAL RESOURCES**

The Company's primary sources of liquidity are cash received from issue of common stock and accounts payable for expenses incurred with related parties. Without the continuation of these sources of funding, as stated in Note 2 above, the Company's ability to continue as a going concern is in substantial doubt. This will continue until the company is able to generate sufficient cash flow from its operations.

The cash and cash equivalents balance was $17,380 at December 31, 2022. The Company reported revenue of $53,876 in the six months ended December 31, 2022 compared to $0 in the six month period ended December 31, 2021 as a result of revenue from BizjetMobile re-commencing. The Company incurred a loss of $530,108 from operating activities for the six months to December 31, 2022, compared to a loss of $1,030,158 from operating activities for the six months to December 31, 2021. Net cash used in operating activities for the six months ended December 31, 2022 was $218,801 compared to $808,746 during the six months ended December 31, 2021. Operating cash requirement in the six months ended December 31, 2022 decreased mainly through higher related party payables and decreased directors fees and prepaid expenses.

The cash flow of the Company from financing activities for the six months ended December 31, 2022 was $128,083 as a result of funds received for issuance of common stock. In the six months ended December 31, 2021, the cash flow from financing activities was $1,001,715 mainly from funds received for issuance of common stock and shares issued in lieu of interest.

The Company may raise additional capital by the sale of its equity securities, through an offering of debt securities, or from borrowing from a financial institution or other funding sources. The Company does not have a policy on the amount of borrowing or debt that the Company can incur. There are no guarantees on the company's ability to raise additional capital and hence its ability to continue as a going concern.

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

Not applicable.

**ITEM 4. CONTROLS AND PROCEDURES**

(a) Evaluation of disclosure controls and procedures.

Our management, including the Company's President, and the Company's Chief Financial Officer, have evaluated the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act

------

Rules 13a- 15(e) and 15d-15(e)) and internal controls over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) as of the end of the period covered by this Quarterly Report on Form 10-Q.

Based upon that evaluation, our management concluded that our disclosure controls and procedures as of the end of the period covered by this report are ineffective and have material weaknesses as set out in the June 30, 2021 Form 10-K, such that the information required to be disclosed by us in the reports filed under the Securities Exchange Act of 1934 is (i) recorded, processed, summarized and reported within the time periods specified in SEC's rules and forms and (ii) accumulated and communicated to our management to allow timely decisions regarding disclosure. A controls system cannot provide absolute assurance however, that the effectiveness of the controls system are met and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud if any, within a company have been detected.

(b) Changes in internal controls.

The Company's management, including the President and Chief Financial Officer, evaluated whether any changes in our internal controls over financial reporting, occurred during the quarter ended December 31, 2022. Based on that evaluation, our management concluded that no change occurred in the Company's internal controls over financial reporting during the quarter ended December 31, 2022 that has materially affected, or is reasonably likely to materially affect, the Company's internal controls over financial reporting.

**PART II. OTHER INFORMATION**

**ITEM 1. LEGAL PROCEEDINGS**

None

**ITEM 1A. RISK FACTORS**

The Company is a smaller reporting company and is not required to provide this information.

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

During the three months ended December 31, 2022, the Company issued 1,023,700 shares of common stock valued at $51,585 for cash that were not registered under the Securities Act of 1933. The offer, sale and issuance of these securities was made in reliance upon the exemption from the registration requirements of the Securities Act provided for by Section 4(2) thereof for transactions not involving a public offering. Appropriate legends have been affixed to the securities issued in these transactions. The purchasers of the securities had adequate access, through business or other relationships, to information about the Company. The proceeds from the share sales have been used for the Company's airline program and operating costs.

**ITEM 3. DEFAULTS UPON SENIOR SECURITIES**

None

**ITEM 4. MINE SAFETY DISCLOSURES**

None

**ITEM 5. OTHER INFORMATION**

None

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**ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K**

(a) Exhibits:

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [31.1](iptk_ex311.htm) | Certification of the President under Rule 13a-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002) |
| [31.2](iptk_ex312.htm) | Certification of the Chief Financial Officer under Rule 13a-14(a) (Section 302 of the Sarbanes-Oxley Act of 2002) |
| [32.1](iptk_ex321.htm) | Certification Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350) |
| [32.2](iptk_ex322.htm) | Certification Pursuant to Section 906 of The Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350) |

---

(b) Reports on Form 8-K was filed in the quarter ended December 31, 2022:

On 27 October 27, 2022, the Company filed a Form 8-K as follows:

The Company has been renegotiating it's arrangements with ASiQ Pty. Ltd. ("ASiQ"), the original developers of the Company's BizjetMobile technology, who have developed the airline version of the technology, designated "fflya". On October 24, 2022, AS-IP Tech, Inc. (ASIP) signed a new License Agreement with ASiQ, the terms of which are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The Company appointed ASiQ to develop, manufacture and support the Company for the fflya program including development of customized hardware and software, on commercial terms acceptable to the Company and ASiQ.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The Company will pay all costs incurred by ASiQ and its technical team on behalf of the Company, relevant to the fflya program.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.ASiQ agreed to secure the services of Mr Ron Chapman, together with his technical and marketing teams, for the future development and commercialization of fflya.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.The Company granted ASiQ the exclusive right to develop, manufacture and commercialize BizjetMobile, and ASiQ agreed to pay the Company a 20% commission based on the published wholesale price of BizjetMobile systems. For any other products created from the Company's intellectual property, the Company will receive a commission based on the net revenue received by ASiQ.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.Should the Company be restructured, sold or its business assigned, then the BizjetMobile and non-airline products created, developed and distributed by ASIQ, will remain the sole unencumbered property of ASiQ and this Agreement will be terminated.

------

**SIGNATURES**

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

**AS-IP TECH, INC.**

---

| | | |
|:---|:---|:---|
| **SIGNATURES:** | **TITLE** | **DATE** |
| By: */s/ Ronald J. Chapman* | Director | February 13, 2023 |
| Ronald J. Chapman |  |  |
| By: */s/ Philip A. Shiels* | Director | February 13, 2023 |
| Philip A. Shiels |  |  |
| By: */s/ Graham O. Chappell* | Director | February 13, 2023 |
| Graham O. Chappell |  |  |

---

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## Exhibit 31.1

**EX-31.1**

**CERTIFICATIONS OF CEO PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Ronald J. Chapman, certify that:

1. I have reviewed this quarterly report on Form 10-Q of AS-IP Tech, 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 registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer 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 registrant 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 registrant, 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 registrant'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 registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant'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 registrant'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 registrant's internal control over financial reporting.

Date: February 13, 2023

*/s/ Ronald J. Chapman*

Ronald J. Chapman

President

## Exhibit 31.2

**EX-31.2**

**CERTIFICATIONS OF CFO PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002**

I, Philip A. Shiels, certify that:

1. I have reviewed this quarterly report on Form 10-Q of AS-IP Tech, 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 registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer 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 registrant 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 registrant, 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 registrant'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 registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of registrant'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 registrant'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 registrant's internal control over financial reporting.

Date: February 13, 2023

*/s/ Philip A. Shiels*

Philip A. Shiels

Chief Financial Officer

## Exhibit 32.1

**EX 32.1**

**CERTIFICATION PURSUANT TO**

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

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

In connection with the Quarterly Report of AS-IP Tech, Inc., a Delaware corporation (the "Company"), on Form 10-Q for the period ending December 31, 2022, as filed with the Securities and Exchange Commission (the "Report"), Ronald J. Chapman, President of the Company does hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to his knowledge:

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

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

*/s/ Ronald J. Chapman*

Ronald J. Chapman

President

February 13, 2023

[A signed original of this written statement required by Section 906 has been provided to AS-IP Tech, Inc. and will be retained by AS-IP Tech, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.]

## Exhibit 32.2

**EX 32.2**

**CERTIFICATION PURSUANT TO**

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

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

In connection with the Quarterly Report of AS-IP Tech, Inc., a Delaware corporation (the "Company"), on Form 10-Q for the period ending December 31, 2022, as filed with the Securities and Exchange Commission (the "Report"), Philip A. Shiels, Chief Financial Officer of the Company does hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (18 U.S.C. Section 1350), that to his knowledge:

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

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

*/s/ Philip A. Shiels*

Philip A. Shiels

Chief Financial Officer

February 13, 2023

[A signed original of this written statement required by Section 906 has been provided to AS-IP Tech, Inc. and will be retained by AS-IP Tech, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.]