10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended February 28, 2018

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

For the transition period from _______________ to _______________.

Commission File Number: 333-201288

GLOBAL SMART CAPITAL CORP

(Exact name of registrant as specified in its charter)

Nevada	37-1765902
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
Room 1905 Nam Wo Hong Building. 148 Wing Lok Street. Sheng Wan, Hong Kong	999077
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: 27 (83) 395 9532

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 x 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 (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

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

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	x
		Emerging growth company	x

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 x No ¨

Applicable only to corporate issuers:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of May 14, 2018, there were 13,368,044 shares of common stock, $0.0001 par value, issued and outstanding.

GLOBAL SMART CAPITAL CORP

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION.
ITEM 1	Financial Statements.	4
ITEM 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations.	10
ITEM 3	Quantitative and Qualitative Disclosures About Market Risk.	13
ITEM 4	Controls and Procedures.	13
PART II – OTHER INFORMATION.
ITEM 1	Legal Proceedings.	14
ITEM 1A	Risk Factors.	14
ITEM 2	Unregistered Sales of Equity Securities and Use of Proceeds.	14
ITEM 3	Defaults Upon Senior Securities.	14
ITEM 4	Mine Safety Disclosures.	14
ITEM 5	Other Information.	14
ITEM 6	Exhibits.	15

2

PART I – FINANCIAL INFORMATION

This Quarterly Report includes forward looking statements within the meaning of the Securities Exchange Act of 1934 (the “Exchange Act”). These statements are based on management’s beliefs and assumptions, and on information currently available to management. Forward looking statements include the information concerning our possible or assumed future results of operations set forth under the heading: “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Forward looking statements also include statements in which words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “consider” or similar expressions are used.

Forward looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions. Our future results and shareholder values may differ materially from those expressed in these forward looking statements. Readers are cautioned not to put undue reliance on any forward looking statements.

3

ITEM 1 Financial Statements

Global Smart Capital Corp
Balance Sheets
	February 28			November 30
	2018			2017
	(unaudited)
ASSETS
Current assets
Cash	$	785		$	38
Prepaid expense		-			7,705
Total current assets		785			7,743
Total assets	$	785		$	7,743
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current liabilities
Accounts payable	$	-		$	1,250
Loan payable - related party		87,072			61,922
Total current liabilities		87,072			63,172
Commitments and contingencies		-			-
Stockholders' equity (deficit)
Preferred stock; 10,000,000 authorized at $0.0001 par value, none issued and outstanding at February 28, 2018 and November 30, 2017		-			-
Common stock, 500,000,000 shares authorized; $0.0001
par value; 13,368,044 and 12,519,064 issued and outstanding
at February 28, 2018 and November 30, 2017 respectively		1,337			1,252
Additional paid in capital		244,453			159,640
Accumulated deficit		(332,077	)		(216,321	)
Total stockholders' deficit		(86,287	)		(55,429	)
Total liabilities and stockholders' deficit	$	785		$	7,743

(the accompanying notes are an integral part of these unaudited financial statements)

4

Global Smart Capital Corp
Statements of Operations
(unaudited)
	For the Three Months Ended
	February 28
	2018			2017
Operating expenses
Consulting	$	7,705		$	-
General and administrative		23,153			6,295
Research and development		84,898			-
Total operating expenses		115,756			6,295
Loss from operations		(115,756	)		(6,295	)
Provision for income taxes		-			-
Net loss	$	(115,756	)	$	(6,295	)
Basic and diluted net loss per common share	$	(0.01	)	$	(0.00	)
Weighted average common shares outstanding -
Basic and diluted		12,771,932			8,580,000

(the accompanying notes are an integral part of these unaudited financial statements)

5

Global Smart Capital Corp
Statements of Cash Flow
(unaudited)
	For the Three Months Ended
	February 28
	2018			2017
Cash flows from operating activities:
Net loss	$	(115,756	)	$	(6,295	)
Adjustments to reconcile net loss to net cash used in operations
Common shares issued for research and development		84,898			-
Amortization of prepaid expenses		7,705			-
Change in operating assets and liabilities
Increase (decrease) in accounts payable		(1,250	)		6,295
Net cash (used in) operating activities		(24,403	)		-
Investing activities:
Net cash provided (used in) investing activities		-			-
Financing activities:
Loan from related party		25,150			-
Net cash provided by financing activities		25,150			-
Net (decrease) in cash		747			-
Cash, beginning		38			-
Cash, ending	$	785		$	-
Supplementary information
Cash paid:
Interest	$	-		$	-
Income taxes	$	-		$	-

(the accompanying notes are an integral part of these unaudited financial statements)

6

GLOBAL SMART CAPITAL CORP

NOTES TO UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED FEBRUARY 28, 2018 AND 2017

NOTE 1 - ORGANIZATION AND OPERATIONS

Global Smart Capital Corp (the "Company") was incorporated in Nevada on September 18, 2014 ("Inception") as Todex Corp. and changed its name, on February 2, 2017, to Global Smart Capital Corp. On April 13, 2016, and on December 30, 2016 through changes of control, new management was appointed and is negotiating to acquire a software platform that allows B2B, B2C, C2C and C2B and believes that the acquisition, if consummated, will produce significant revenues, which, will enable the Company to exist as a going concern.

NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim financial statements of Global Smart Capital Corp have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto for the years ended November 30, 2017 and 2016, contained in the Company’s Form 10-K originally filed with the Securities and Exchange Commission on April 23, 2018. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for years ended November 30, 2017 and 2016 as reported in the Company’s Form 10-K have been omitted.

Use of Estimates

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

7

GLOBAL SMART CAPITAL CORP

NOTES TO UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED FEBRUARY 28, 2018 AND 2017

Recently Adopted Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Research and Development Costs

Research and development costs include personnel costs, engineering, consulting and contract labor and are expensed as incurred for software development that has not achieved technological feasibility.

Share Based Compensation

Share-based compensation awards issued to non-employees for services are recorded at either the fair value of the services provided or the fair value of the share-based payments, whichever is more readily determinable.

NOTE 3 - GOING CONCERN

The accompanying 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 financial statements, during the three months ended February 28, 2018, the Company incurred a net loss attributable to common shareholders of $115,756, and has an accumulated deficit of $332,077. If the Company is unable to generate profits and is unable to continue to obtain financing for its working capital requirements, it may have to curtail its business sharply or cease business altogether. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The financial statements do not include any adjustment relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company is taking certain steps to provide the necessary capital to continue its operations. These steps include, but are not limited to: 1) minimize the need for capital at this stage; 2) raising equity financing; 3) continuous focus on reductions in costs, where possible, and 4) implement a new business model.

8

GLOBAL SMART CAPITAL CORP

NOTES TO UNAUDITED FINANCIAL STATEMENTS

FOR THE THREE MONTHS ENDED FEBRUARY 28, 2018 AND 2017

NOTE 4 – STOCKHOLDERS’ EQUITY

The Company has authorized capital stock of 500,000,000 common shares with a par value of $ 0.0001 per share and 10,000,000 preferred shares with a par value of $0.0001 per share. The shares of Preferred Stock may be issued from time to time in one or more series. The Board of Directors of the Corporation (the "Board of Directors”) is expressly authorized to provide for the issue of all or any of the shares of the Preferred Stock in one or more series, and to fix the number of shares and to determine or alter for each such series, such voting powers, full or limited, or no voting powers, and such designations, preferences, and relative, participating, optional, or other rights and such qualifications. As of February 28, 2018 and November 30, 2017, the Company had 13,368,044 and 12,519,064 common shares issued and outstanding, respectively. As of the same dates there were no preferred shares issued.

On January 22, 2018 and on February 15, 2018 the Company issued, for services provided, 488,389 and 360,591 common shares to 273 and 141 persons, respectively, recorded at a cost of $0.10 per share or a total of $84,898.

NOTE 5 – RELATED PARTY TRANSACTIONS

In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

During the three months ended February 28, 2018 the Company President and Director made unsecured, non-interest bearing cash advances to the Company, in the amount of $25,150. As of February 28, 2018 and November 30, 2017 the Company owed $87,072 and $61,922 respectively.

NOTE 6 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events from February 28, 2018 through the date the financial statements were available to be issued and has determined that there have been no subsequent events for which disclosure is required.

9

ITEM 2 Management’s Discussion and Analysis of Financial Condition and Results of Operations

Our Management’s Discussion and Analysis contains not only statements that are historical facts, but also statements that are forward-looking (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Forward-looking statements are, by their very nature, uncertain and risky. These risks and uncertainties include international, national and local general economic and market conditions; demographic changes; our ability to sustain, manage, or forecast growth; our ability to successfully make and integrate acquisitions; raw material costs and availability; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; and other risks that might be detailed from time to time in our filings with the Securities and Exchange Commission.

Although the forward-looking statements in this Quarterly Statement reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this report and in our other reports as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and prospects.

The following discussion and analysis of financial condition and results of operations of the Company is based upon, and should be read in conjunction with, its unaudited financial statements and related notes elsewhere in this Form 10-Q, which have been prepared in accordance with accounting principles generally accepted in the United States.

Summary Overview

Going Concern

As a result of our financial condition, we have received a report from our independent registered public accounting firms for our financial statements for the years ended November 30, 2017 and 2016 that includes an explanatory paragraph describing the uncertainty as to our ability to continue as a going concern. In order to continue as a going concern we must effectively balance many factors and begin to generate revenue so that we can fund our operations from our sales and revenues. If we are not able to do this we may not be able to continue as an operating company. At our current revenue and burn rate, our cash on hand will last less than one month, and thus we must raise capital by issuing debt or through the sale of our stock. However, there is no assurance that our existing cash flow will be adequate to satisfy our existing operating expenses and capital requirements.

10

Our new management has an up-dated business model designed to produce revenue within the current fiscal year and is negotiating to acquire a software platform that allows B2B, B2C, C2C and C2B and believes that the acquisition, if consummated, will produce significant revenues, which, will enable the Company to exist as a going concern.

The software in question is a Chinese e-commerce platform that allows for discounts to members from Vendors. It also allows incentives to encourage existing members to introduce new members.

The software is being tried and tested in China in the Hangzhou and Shenzhen areas. We are currently still performing due diligence on the product and product offerings and have issued, 848,980 restricted, common shares to a total of 414 persons, during the quarter ended February 28, 2018, who have tested and are continuing to test the platform.

The individuals, so retained, were hired and supervised by the software developer, to test the application. They were required, on multiple instances, to sign on and access different areas of the application to ensure that there were no major issues in utilizing the platform. Our Company undertook to provide the compensation, to those testers.

Results of Operations

Introduction

On February 6, 2017 new management was appointed in connection with changes of control of the Company. At this time, we do not have an established business plan, but, are evaluating a software platform. However, we are taking steps to provide capital and minimize losses in the absence of a revenue producing business, including: (1) minimizing expenses, (2) raising equity financing, and (3) developing and implementing a new business model. Our management is actively seeking an operating business to acquire or with which to complete a merger.

Revenues

The Company was established on September 18, 2014 and had no revenues for the three months ended February 28, 2018 and 2017.

Operating Expenses

General and administrative expenses were $23,153 and $6,295 respectively for the three months ended February 28, 2018 and 2017 respectively; stock based consulting fees of $7,705 for the three months ended February 28, 2018 compared to $0 for the same period in 2017 and stock based research and development costs of $84,898 for the three months ended February 28, 2018 compared to $0 for the three months ended February 28, 2017. The increase, during the current three months, was due to the increased research activity, incurred, to determine the functionality of the proposed software platform.

11

Net Loss

Net loss for the three months ended February 28, 2018 increased to $115,756 compared to $6,295 for the three months ended February 28, 2017. Net loss for the three months ended includes $7,705 consulting services and $84,898 of research and development costs, both paid for with common stock.

Liquidity and Capital Resources

Introduction

During the three months ended February 28, 2018 we did not generate any revenue, and we had no operating cash flow. We had $785 cash on hand as of February 28, 2018. Our monthly cash flow burn rate for the three months ended February 28, 2018 was approximately $7,718 per month, consisting, primarily of the normal professional fees and costs associated with public company maintenance. Advances from related parties have been our source of capital for the three months ended February 28, 2018. We will not be able to fund our operations for the next 12 months unless we are able to raise capital from the sale of our stock and/or debt financings. A current officer and director advanced $25,150 during the three months ended February 28, 2018, and during the same period in 2017, paid $8,914 directly to service providers. Although we have moderate short term cash needs, as we implement our business plan and our operating expenses increase we will face strong medium to long term cash needs. We anticipate that these needs will be satisfied through the issuance of debt or the sale of our securities until such time as we can begin a business that will generate revenues and our cash flows from operations will satisfy our cash flow needs.

Our cash and total current assets decreased because we paid operating expenses with loans from related parties and did not generate revenues or raise additional capital, other than the advances referred to above and our total stockholders’ deficit increased to $332,077.

We do not expect to generate revenues until we are able to develop and implement our business plan. In order to repay our obligations in full or in part when due, we will be required to raise significant capital from other sources. There is no assurance, however, that we will be successful in these efforts.

Sources and Uses of Cash

Operations

We had net cash used in operating activities of $24,403 during the three months ended February 28, 2018 compared to $0 cash used during the three months ended February 28, 2018. For the three months ended February 28, 2017 the net cash used in operating activities consisted of overhead items paid directly by previous and current officers and directors. All of our outstanding payables, except for $1,250, incurred during the three months ended February 28, 2017 were paid directly by related parties.

12

Financing

Our net cash provided by financing activities for the three months ended February 28, 2018 was $25,150 provided by a related party compared to $0 provided during the same period in 2017.

ITEM 3 Quantitative and Qualitative Disclosures about Market Risk

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

ITEM 4 Controls and Procedures

(a) Disclosure Controls and Procedures

We conducted an evaluation, with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended, or the Exchange Act, as of February 28, 2018, to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities Exchange Commission’s rules and forms, including to ensure that information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as of February 28, 2018, our disclosure controls and procedures were not effective.

Our principal executive officers do not expect that our disclosure controls or internal controls will prevent all errors and all fraud. Although our disclosure controls and procedures were designed to provide reasonable assurance of achieving their objectives and our principal executive officers have determined that our disclosure controls and procedures are not effective at doing so, a control system, no matter how well conceived and operated, can provide only reasonable, not absolute assurance that the objectives of the system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented if there exists in an individual a desire to do so. There can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

(b) Changes in Internal Control over Financial Reporting

No change in our system of internal control over financial reporting occurred during the period covered by this report, the nine month period ended February 28, 2018, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

13

PART II – OTHER INFORMATION

ITEM 1 Legal Proceedings

We are not a party to or otherwise involved in any legal proceedings.

In the ordinary course of business, we are from time to time involved in various pending or threatened legal actions. The litigation process is inherently uncertain and it is possible that the resolution of such matters might have a material adverse effect upon our financial condition and/or results of operations. However, in the opinion of our management, other than as set forth herein, matters currently pending or threatened against us are not expected to have a material adverse effect on our financial position or results of operations.

ITEM 1A Risk Factors

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

ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds

On January 22, 2018 and on February 15, 2018 the Company issued, for services provided, 488,389 and 360,591 common shares to 273 and 141 persons, respectively, recorded at a cost of $0.10 per share or a total of $84,898.

ITEM 3 Defaults upon Senior Securities

There have been no events which are required to be reported under this Item.

ITEM 4 Mine Safety Disclosures

Not applicable.

ITEM 5 Other Information

None.

14

ITEM 6 Exhibits

(a) Exhibits

3.1 (1)	Amended and Restated Articles of Incorporation of Todex Corp.
31.1	Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer
31.2	Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer
32.1	Chief Executive Officer Certification Pursuant to 18 USC, Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2	Chief Financial Officer Certification Pursuant to 18 USC, Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document
101.SCH	XBRL Schema Document
101.CAL	XBRL Calculation Linkbase Document
101.DEF	XBRL Definition Linkbase Document
101.LAB	XBRL Labels Linkbase Document
101.PRE	XBRL Presentation Linkbase Document

______________

(1) Incorporated by reference from our registration statement on Form S-1 filed with the Commission on December 31, 2014.

15

SIGNATURES

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

	Global Smart Capital Corp
Dated: May 15, 2018	By:	/s/ Johannes P. Roux
	Name:	Johannes P. Roux
	Its:	President

16

EX-31.1

EXHIBIT 31.1

Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer

I, Johannes P. Roux, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Global Smart Capital Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exhibit 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, 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 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. 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 the 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.

Dated: May 15, 2018	By:	/s/ Johannes P. Roux
		Johannes P. Roux
		President

EX-31.2

EXHIBIT 31.2

Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer

I, Mark Palestine, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Global Smart Capital Corp.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exhibit 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, 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 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. 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 the 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.

Dated: May 15, 2018	By:	/s/ Mark Palestine
		Mark Palestine
		Treasurer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Global Smart Capital Corp. (the “Company”) on Form 10-Q for the period ended February 28, 2018, as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, Johannes P. Roux, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: May 15, 2018	By:	/s/ Johannes P. Roux
		Johannes P. Roux
		President

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO 18 USC, SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906

OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Global Smart Capital Corp. (the “Company”) on Form 10-Q for the period ended February 28, 2018, as filed with the Securities and Exchange Commission on or about the date hereof (the “Report”), I, Mark Palestine, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Sec. 1350, as adopted pursuant to Sec. 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	The Report fully complies with the requirements of Sections 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	Information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Dated: May 15, 2018	By:	/s/ Mark Palestine
		Mark Palestine
		Treasurer

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Document and Entity Information - shares	3 Months Ended
	Feb. 28, 2018	May 14, 2018
Document And Entity Information
Entity Registrant Name	GLOBAL SMART CAPITAL CORP.
Entity Central Index Key	0001625095
Document Type	10-Q
Document Period End Date	Feb. 28, 2018
Amendment Flag	false
Current Fiscal Year End Date	--11-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		13,368,044
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2018

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Balance Sheets - USD ($)	Feb. 28, 2018	Nov. 30, 2017
Current assets
Cash	$ 785	$ 38
Prepaid expense		7,705
Total current assets	785	7,743
Total assets	785	7,743
Current liabilities
Accounts payable		1,250
Loan payable - related party	87,072	61,922
Total current liabilities	87,072	63,172
Commitments and contingencies
Stockholders' deficit
Preferred stock; 10,000,000 authorized at $0.0001 par value, none issued and outstanding at February 28, 2018 and November 30, 2017
Common stock, 500,000,000 shares authorized; $0.0001 par value; 13,368,044 and 12,519,064 issued and outstanding at February 28, 2018 and November 30, 2017 respectively	1,337	1,252
Additional paid in capital	244,453	159,640
Accumulated deficit	(332,077)	(216,321)
Total stockholders' deficit	(86,287)	(55,429)
Total liabilities and stockholders' deficit	$ 785	$ 7,743

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Balance Sheets (Parenthetical) - $ / shares	Feb. 28, 2018	Nov. 30, 2017
Stockholders' deficit
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, authorized	500,000,000	500,000,000
Common stock, shares issued	13,368,044	12,519,064
Common Stock shares outstanding	13,368,044	12,519,064
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred Stock shares outstanding	0	0

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Statements of Operations (unaudited) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Operating expenses
Consulting	$ 7,705
General and administrative	23,153	6,295
Research and development	84,898
Total operating expenses	115,756	6,295
Loss from operations	(115,756)	(6,295)
Provision for income taxes
Net loss	$ (115,756)	$ (6,295)
Basic and diluted net loss per common share	$ (0.01)	$ (0.00)
Weighted average common shares outstanding - Basic and diluted	12,771,932	8,580,000

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Statements of Cash Flow (unaudited) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017
Cash flows from operating activities:
Net loss	$ (115,756)	$ (6,295)
Adjustments to reconcile net loss to net cash used in operations
Common shares issued for research and development	84,898
Amortization of prepaid expenses	7,705
Change in operating assets and liabilities
Increase (decrease) in accounts payable	(1,250)	6,295
Net cash (used in) operating activities	(24,403)
Investing activities:
Net cash provided (used in) investing activities
Financing activities:
Loan from related party	25,150
Net cash provided by financing activities	25,150
Net (decrease) in cash	747
Cash, beginning	38
Cash, ending	785
Supplementary information
Cash paid: Interest
Cash paid: Income taxes

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ORGANIZATION AND OPERATIONS

3 Months Ended

Feb. 28, 2018

Notes to Financial Statements

NOTE 1 - ORGANIZATION AND OPERATIONS

Global Smart Capital Corp (the "Company") was incorporated in Nevada on September 18, 2014 ("Inception") as Todex Corp. and changed its name, on February 2, 2017, to Global Smart Capital Corp. On April 13, 2016, and on December 30, 2016 through changes of control, new management was appointed and is negotiating to acquire a software platform that allows B2B, B2C, C2C and C2B and believes that the acquisition, if consummated, will produce significant revenues, which, will enable the Company to exist as a going concern.

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Feb. 28, 2018

Notes to Financial Statements

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The accompanying unaudited interim financial statements of Global Smart Capital Corp have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto for the years ended November 30, 2017 and 2016, contained in the Company’s Form 10-K originally filed with the Securities and Exchange Commission on April 23, 2018. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for years ended November 30, 2017 and 2016 as reported in the Company’s Form 10-K have been omitted.

Use of Estimates

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

Recently Adopted Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Research and Development Costs

Research and development costs include personnel costs, engineering, consulting and contract labor and are expensed as incurred for software development that has not achieved technological feasibility.

Share Based Compensation

Share-based compensation awards issued to non-employees for services are recorded at either the fair value of the services provided or the fair value of the share-based payments, whichever is more readily determinable.

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GOING CONCERN

3 Months Ended

Feb. 28, 2018

Notes to Financial Statements

NOTE 3 - GOING CONCERN

The accompanying 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 financial statements, during the three months ended February 28, 2018, the Company incurred a net loss attributable to common shareholders of $115,756, and has an accumulated deficit of $332,077. If the Company is unable to generate profits and is unable to continue to obtain financing for its working capital requirements, it may have to curtail its business sharply or cease business altogether. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The financial statements do not include any adjustment relating to the recoverability and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The Company is taking certain steps to provide the necessary capital to continue its operations. These steps include, but are not limited to: 1) minimize the need for capital at this stage; 2) raising equity financing; 3) continuous focus on reductions in costs, where possible, and 4) implement a new business model.

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STOCKHOLDERS? EQUITY

3 Months Ended

Feb. 28, 2018

Notes to Financial Statements

NOTE 4 - STOCKHOLDERS’ EQUITY

The Company has authorized capital stock of 500,000,000 common shares with a par value of $ 0.0001 per share and 10,000,000 preferred shares with a par value of $0.0001 per share. The shares of Preferred Stock may be issued from time to time in one or more series. The Board of Directors of the Corporation (the "Board of Directors”) is expressly authorized to provide for the issue of all or any of the shares of the Preferred Stock in one or more series, and to fix the number of shares and to determine or alter for each such series, such voting powers, full or limited, or no voting powers, and such designations, preferences, and relative, participating, optional, or other rights and such qualifications. As of February 28, 2018 and November 30, 2017, the Company had 13,368,044 and 12,519,064 common shares issued and outstanding, respectively. As of the same dates there were no preferred shares issued.

On January 22, 2018 and on February 15, 2018 the Company issued, for services provided, 488,389 and 360,591 common shares to 273 and 141 persons, respectively, recorded at a cost of $0.10 per share or a total of $84,898.

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RELATED PARTY TRANSACTIONS

3 Months Ended

Feb. 28, 2018

Notes to Financial Statements

NOTE 5 - RELATED PARTY TRANSACTIONS

In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

During the three months ended February 28, 2018 the Company President and Director made unsecured, non-interest bearing cash advances to the Company, in the amount of $25,150. As of February 28, 2018 and November 30, 2017 the Company owed $87,072 and $61,922 respectively.

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SUBSEQUENT EVENTS

3 Months Ended

Feb. 28, 2018

Notes to Financial Statements

NOTE 6 - SUBSEQUENT EVENTS

The Company has evaluated subsequent events from February 28, 2018 through the date the financial statements were available to be issued and has determined that there have been no subsequent events for which disclosure is required.

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BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Feb. 28, 2018

Basis Of Presentation And Significant Accounting Policies Policies

Basis of Presentation

The accompanying unaudited interim financial statements of Global Smart Capital Corp have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto for the years ended November 30, 2017 and 2016, contained in the Company’s Form 10-K originally filed with the Securities and Exchange Commission on April 23, 2018. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for years ended November 30, 2017 and 2016 as reported in the Company’s Form 10-K have been omitted.

Use of Estimates

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

Recently Adopted Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Research and Development Costs

Research and development costs include personnel costs, engineering, consulting and contract labor and are expensed as incurred for software development that has not achieved technological feasibility.

Share Based Compensation

Share-based compensation awards issued to non-employees for services are recorded at either the fair value of the services provided or the fair value of the share-based payments, whichever is more readily determinable.

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ORGANIZATION AND OPERATIONS (Details Narrative)	3 Months Ended
	Feb. 28, 2018
Organization And Operations Details Narrative
State of incorporation	Nevada
Date of incorporation	Sep. 18, 2014

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GOING CONCERN (Details Narrative) - USD ($)	3 Months Ended
	Feb. 28, 2018	Feb. 28, 2017	Nov. 30, 2017
Going Concern Details Narrative
Net Loss	$ (115,756)	$ (6,295)
Accumulated deficit	$ (332,077)		$ (216,321)

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STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	1 Months Ended		3 Months Ended
	Feb. 15, 2018	Jan. 22, 2018	Feb. 28, 2018	Nov. 30, 2017
Common stock, par value			$ 0.0001	$ 0.0001
Common stock, authorized			500,000,000	500,000,000
Common stock, shares issued			13,368,044	12,519,064
Common Stock Shares Outstanding			13,368,044	12,519,064
Preferred stock, par value			$ 0.0001	$ 0.0001
Preferred stock, authorized			10,000,000	10,000,000
Preferred stock, shares issued			0	0
Preferred Stock shares outstanding			0	0
Common shares issued for services, value			$ 84,898
Two Hundred And Seventy Three Individuals [Member]
Common shares issued for services, shares		488,389
Cost per share		$ 0.10
One Hundred Fourty One Individuals [Member]
Common shares issued for services, shares	360,591
Cost per share	$ 0.10

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RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	3 Months Ended
	Feb. 28, 2018	Nov. 30, 2017
Loan payable - related party	$ 87,072	$ 61,922
President and Director [Member]
Non-interest cash advances	$ 25,150