10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarter ended: May 31, 2018

OR

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Transition Period from ___________ to ___________

Commission File Number: 333-208237

FELLAZO CORP.

(Exact name of registrant as specified in its charter)

Nevada	3990	30-0840869
(State or Other Jurisdiction of Incorporation or Organization)	(Primary Standard Industrial Classification Code Number)	I.R.S. Employer Identification Number

8^th Floor, Wisma Huazong, Lot 15285, 0.7km Lebuhraya Sungei Besi, 43300 Seri Kembangan,

Selangor Darul Ehsan, Malaysia

(Address and telephone number of principal executive offices)

Website: http://fellazo.com   Phone: +603-8938 5638   Email: info@fellazo.com

(Address and telephone number of principal executive offices)

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 past 12 months, and (2) has been subject to such filing requirements for
the past 90 days.

Yes [  ] No [X]

Indicate by check mark wheth9er 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]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [X] No [  ]

As of July 9, 2018 there were 75,000,000 shares outstanding of the registrant’s common stock.

		PAGE
PART I	FINANCIAL INFORMATION:
Item 1.	Financial Statements	3
	Balance Sheet (Unaudited)	3
	Statement Of Operations (Unaudited)	4
	Statement of Cash Flow (Unaudited)	5
	Notes to the Financial Statements (Unaudited)	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	7
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	8
Item 4.	Controls and Procedures	8
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	9
Item 1A	Risk Factors	9
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	9
Item 3.	Defaults Upon Senior Securities	9
Item 4.	Mine Safety Disclosure.	9
Item 5.	Other Information	9
Item 6.	Exhibits	9
	31.1 “Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer”
	32.1 “Section 1350 Certification of principal executive officer”
	Signatures	10

2

PART 1 - FINANCIAL INFORMATION

Item 1. Financial Statements.

FELLAZO CORP.

BALANCE SHEETS

(UNAUDITED)

	As At May 31, 2018			As At August 31, 2017
ASSETS
Current Assets
Cash and cash held in escrow		650			70,115
Prepaid Expense		-			10,000
Total Current Assets	$	650		$	80,115
Total Assets	$	650		$	80,115
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current Liabilities
Accrued expenses		29,315			46,215
Other Creditor		6,500			46,363
Other Creditor Related party		469,740			275,671
Loans from director		-			13,785
Total Current Liabilities	$	505,555		$	382,034
Total Liabilities	$	505,555		$	382,034
Stockholders’ Equity (Deficit)
Common stock, par value $0.001; 1,000,000,000 shares authorized, 75,000,000 shares issued and outstanding as of May31, 2018 and August 31, 2017		75,000			75,000
Additional Paid In Capital		36,116			36,116
Accumulated Deficit		(616,021	)		(413,035	)
Total Stockholders’ Equity (Deficit)	$	(504,905	)	$	(301.919	)
Total Liabilities and Stockholders’ Equity (Deficit)	$	650		$	80,115

See accompanying notes to unaudited financial statements.

3

FELLAZO CORP.

STATEMENTS OF OPERATIONS

(UNAUDITED)

	For Three Months Ended May 31, 2018			For Three Months Ended May 31, 2017			For Nine Months Ended May 31, 2018			For Nine Months Ended May 31, 2017
OPERATING EXPENSES:
General and Administrative Expenses	$	53,038		$	246,713		$	202,986		$	256,525
TOTAL OPERATING EXPENSES	$	53,038		$	246,713		$	202,986		$	256,525
NET LOSS BEFORE PROVISION FOR INCOME TAX		(53,038	)		(246,713	)		(202,986	)		(256,525	)
NET PROFIT/(LOSS)	$	(53,038	)	$	(246,713	)	$	(202,986	)	$	(256,525	)
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.05	)		(0.00	)		(0.06	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC & DILUTED		75,000,000			4,885,000			75,000,000			4,885,000

See accompanying notes to unaudited financial statements.

4

FELLAZO CORP.

STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For Nine Months Ended May 31, 2018			For Nine Months Ended May 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$	(202.986	)	$	(256,525	)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Changes in operating assets and liabilities:
Expenses paid by Director		-			14,513
Prepaid expense		10,000			9,167
Other Creditors – Related Party		112,106			-
Accrued expenses		25,200			234,148
CASH FLOWS PROVIDED (USED) IN OPERATING ACTIVITIES	$	(55,680	)	$	1,303
CASH FLOWS FROM INVESTMENT ACTIVITIES
Purchase of Equipment		-			(575	)
CASH FLOWS USED IN INVESTING ACTIVITIES		-			(575	)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of loan from director		(13,785	)		(804	)
CASH FLOWS USED IN FINANCING ACTIVITIES	$	(13,785	)	$	(804	)
INCREASE/(DECREASE) IN CASH		(69,465	)		(76	)
Cash, beginning of period		70,115			76
Cash, end of period	$	650		$	-
Income tax payment		-			-
Interest expense		-			-
NON-CASH INVESTING AND FINANCING ACTIVITIES
(1) “Resulted from the Assignment Of Rights And Assumption Of Liabilities of Company to the previous sole-director of the Company, Mr. Galina Hripcenco for consideration of Mr. Hripcenco retiring all shares of the Company to the treasury of the Company”
(a) Disposal of inventory		-			705
(b) Prepaid expense forgone		-			1,300
(c) Disposal loss of equipment		-			6,972
(d) Waiver of loan from director		-			(28,128	)
	$	-		$	(19.151	)

See accompanying notes to unaudited financial statements.

5

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

MAY 31, 2018

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and Article 10 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of May 31, 2018 and the results of operations and cash flows for the periods presented. The results of operations for the nine months ended May 31, 2018 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements for the year ended August 31, 2017, and related notes thereto included in the elsewhere in this filing.

Organization and Business Description

Fellazo Corp. (“the Company”, “we”, “us” or “our”) was incorporated in the State of Nevada on May 28, 2014.

During the quarter ending May 31, 2018 the Company had commenced its transformation process into an IT based company specialized in Mobile Application Developments with worldwide clientele and a portfolio investment company in primary industries such as healthcare, energy, development and capital market.

Our office is located at 8^th Floor, Wisma Huazong, Lot 15285, 0.7km Lebuhraya Sungei Besi, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia.

On Apr 17, 2018 via email, our President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company, Prof. Dr. Wong Kong Yew had tendered his resignation letter dated Apr 15, 2018 to the Board of Director.

On May 15, 2018, Mr. Yap Kit Chuan is appointed by the Board and consented to assume all posts vacated by Prof. Dr. Wong Kong Yew which include President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company.

Reclassifications

Certain prior period amounts have been reclassified to conform to the current period presentation.

NOTE 2 – GOING CONCERN

The Company’s financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. As at May 31, 2018, the Company has a working capital deficit of $504,905 and has not yet established a stabilized source of revenue sufficient to cover operating cost for the foreseeable future. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

However the Company had commenced its transformation into an IT based company specialized in Mobile Application Developments with worldwide clientele and a portfolio investment company in primary industries such as healthcare, energy, development and capital market. The Board of Director is assisted by a team consisting of highly competent professional consultants and experts in the related the fields during this period of the transformation exercise.

We strongly believe that the transformation would bring a significant growth potential to the Company which would generate more than sufficient revenue and liquidity to sustain the Company for the next twelve months and a significant future growth. In addition there will be in-flow of funds and capital injections by the Directors to facilitate this transformation exercise.

The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern

6

NOTE 3 – RELATED PARTY TRANSACTIONS

Our Management Agent, Swipypay Berhad (a company established in Malaysia) is 70% owned by our Director – Mr Yap Kit Chuan. Total outstanding amount due to our Management Agent was $469,740 and $275,671 as at May 31, 2018 and August 31, 2017 respectively.

During the period, we had requested the Management Agent to fully settle all outstanding Loan due from Director which amounted to $13,785.

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

Our financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). These accounting principles require us to make certain estimates, judgments, and assumptions. We believe that the estimates, judgments, and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments, and assumptions are made. These estimates, judgments, and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. Our financial statements would be affected to the extent there are material differences between these estimates.

GENERAL

Fellazo Corp. was incorporated on May 28, 2014 in the State of Nevada and established fiscal year on August 31.

During the quarter May 31, 2018 the Company had commenced its transformation into an IT based company specialized in Mobile Application Developments with worldwide clientele and a portfolio investment company in primary industries such as healthcare, energy, development and capital market.

SIGNIFICANT EVENTS

(a)	On Apr 17, 2018 via email, our President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company, Prof. Dr. Wong Kong Yew had tendered his resignation letter dated Apr 15, 2018 to the Board of Director. He had provided the Board a one month notice on relinquishing his directorship and all post in the Company.
	On the same day, the remaining members of the Board of Directors, Mr. Yap Kit Chuan and Prof. Dr. Huang Minxi deliberated and resolved to accept Prof. Dr. Wong Kong Yew resignation effective from May 15, 2018.
	Following the above on May 15, 2018, Mr. Yap Kit Chuan is appointed by the Board and consented to assume all posts vacated by Prof. Dr. Wong Kong Yew which include President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company.
(b)	Due to the recent events of resignation and appointment of new office bearer, our Company email was not properly monitored during the month of May and early June 2018 and thus we do not realize that the Company’s authorized user information with OTCIQ.com is no longer valid after the resignation.
	On our failure to timely update new user information with OTCIQ.com, our Company was removed for OTCQB on June 8, 2018 and listed under OTC Pink.
	The Company was reinstated by OTC Market Group Compliance team to OTC-QB at the open of market on June 15, 2018 after prompt communication with OTC Market Group, Compliance department to address the all short-falls of the requirements.
(c)	On May 25, 2018, our new President & CEO Mr. Yap Kit Chuan had entered into a Share Purchase Agreement with ex-director Prof. Dr. Wong Kong Yew to transfer all shares-holdings of Prof. Dr. Wong Kong Yew (70,414,500 restricted shares) to Mr. Yap Kit Chuan at a token consideration of $250. The shares will remain as restricted shares after the transfer.

On June 19, 2018 our transfer agent, Globex Transfer, LLC had registered the change and issued the new restricted share certificate. Thereafter the shareholdings by our Directors are Mr. Yap Kit Chuan 95.92% (71,939,500 restricted shares) and Prof. Dr. Huang Minxi 1.73% (1,295,500 restricted shares).

7

CORPORATE EXCERCISE

As MaloneBailey, Shenzen office is unable to complete the audit for Asia Loyalty Corporation Pte. Limited (ALC) due to non-available of certain requirements and information required, the Board of Directors resolved to shelf the proposal pending further restructuring discussion with consultant.

EMPLOYEES

Our new President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company, Mr. Yap Kit Chuan are assisted by a team appointed by our Management Agent, Swipypay Berhad in our Malaysia office.

The Company has yet to have any other full-time employee as The Board is assisted by a team consisting of highly competent professional consultants and experts in the related the fields during this period of transformation exercise.

GOVERNMENT REGULATION

We will always comply with all regulations, rules and directives of governmental authorities and agencies applicable to our business in any jurisdiction which we would conduct activities. We do not believe that regulation will have a material impact on the way we conduct our business.

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

None.

Item 4. Controls and Procedures.

Evaluation of Internal Controls

We maintain disclosure controls and procedures, as defined in Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of May 31, 2018. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective.

Changes in Internal Controls over Financial Reporting

There has been no change in our internal control over financial reporting occurred during our third fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

8

PART II. OTHER INFORMATION

Item 1. LEGAL PROCEEDINGS

During the past ten years, none of the following occurred with respect to the President of the Company:

(1) any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

(2) any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offenses);

(3) being subject to any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of any competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; and

(4) being found by a court of competent jurisdiction (in a civil action), the SEC or the commodities futures trading commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended or vacated.

We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

Item 1A. RISK FACTORS

Not Applicable to smaller reporting company.

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

No unregistered sales of equity securities took place during quarter ended May 31, 2018.

Item 3. DEFAULTS UPON SENIOR SECURITIES

None.

Item 4. MINE SAFETY DISCLOSURE

Not Applicable.

Item 5. OTHER INFORMATION

None.

Item 6. EXHIBITS

The following exhibits are included as part of this report by reference:

Exhibit No.	Description
31.1	“Rule 13(a)-14(a)/15(d)-14(a) Certification of principal executive officer”
32.1	“Section 1350 Certification of principal executive officer”

9

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

	FELLAZO CORP.
	By:	/s/ Dato’ Yap Kit Chuan
Date: July 9, 2018	Name:	Dato’ Yap Kit Chuan
	Title:	President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company

10

EX-31.1

Exhibit 31.1

CERTIFICATION

I, YAP KIT CHUAN, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of FELLAZO CORP. for the quarter ended May 31, 2018;

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 we 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. 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 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.

	FELLAZO CORP.
	By:	/s/ Dato’ Yap Kit Chuan
Date: July 9, 2018	Name:	Dato’ Yap Kit Chuan
	Title:	President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q of FELLAZO CORP. for the quarter ended May 31, 2018, as filed with the Securities and Exchange Commission on the date hereof, the undersigned hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to best of my knowledge and belief:

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

	FELLAZO CORP.
	By:	/s/ Dato’ Yap Kit Chuan
Date: July 9, 2018	Name:	Dato’ Yap Kit Chuan
	Title:	President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company

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

XML

Document and Entity Information - shares	9 Months Ended
	May 31, 2018	Jul. 09, 2018
Document And Entity Information
Entity Registrant Name	Fellazo Corp
Entity Central Index Key	0001659207
Document Type	10-Q
Document Period End Date	May 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--08-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		75,000,000
Trading Symbol	FLLZ
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2018

XML

Balance Sheets (Unaudited) - USD ($)	May 31, 2018	Aug. 31, 2017
Current Assets
Cash and cash held in escrow	$ 650	$ 70,115
Prepaid Expense		10,000
Total Current Assets	650	80,115
Total Assets	650	80,115
Current Liabilities
Accrued expenses	29,315	46,215
Other Creditor	6,500	46,363
Other Creditor Related party	469,740	275,671
Loans from director		13,785
Total Current Liabilities	505,555	382,034
Total Liabilities	505,555	382,034
Stockholders' Equity (Deficit)
Common stock, par value $0.001; 1,000,000,000 shares authorized, 75,000,000 shares issued and outstanding as of May 31, 2018 and August 31, 2017	75,000	75,000
Additional Paid In Capital	36,116	36,116
Accumulated Deficit	(616,021)	(413,035)
Total Stockholders' Equity (Deficit)	(504,905)	(301,919)
Total Liabilities and Stockholders' Equity (Deficit)	$ 650	$ 80,115

XML

Balance Sheets (Unaudited) (Parenthetical) - $ / shares	May 31, 2018	Aug. 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	1,000,000,000	1,000,000,000
Common stock, shares issued	75,000,000	75,000,000
Common stock, shares outstanding	75,000,000	75,000,000

XML

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	May 31, 2018	May 31, 2017	May 31, 2018	May 31, 2017
OPERATING EXPENSES:
General and Administrative Expenses	$ 53,038	$ 246,713	$ 202,986	$ 256,525
TOTAL OPERATING EXPENSES	53,038	246,713	202,986	256,525
NET LOSS BEFORE PROVISION FOR INCOME TAX	(53,038)	(246,713)	(202,986)	(256,525)
NET PROFIT/(LOSS)	$ (53,038)	$ (246,713)	$ (202,986)	$ (256,525)
NET LOSS PER SHARE: BASIC AND DILUTED	$ (0.00)	$ (0.05)	$ (0.00)	$ (0.06)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC & DILUTED	75,000,000	4,885,000	75,000,000	4,885,000

XML

Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	May 31, 2018	May 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (202,986)	$ (256,525)
Changes in operating assets and liabilities:
Expenses paid by Director		14,513
Prepaid expense	10,000	9,167
Other Creditors - Related Party	112,106
Accrued expenses	25,200	234,148
CASH FLOWS PROVIDED (USED) IN OPERATING ACTIVITIES	(55,680)	1,303
CASH FLOWS FROM INVESTMENT ACTIVITIES
Purchase of Equipment		(575)
CASH FLOWS USED IN INVESTING ACTIVITIES		(575)
CASH FLOWS FROM FINANCING ACTIVITIES
Repayment of loan from director	(13,785)	(804)
CASH FLOWS USED IN FINANCING ACTIVITIES	(13,785)	(804)
INCREASE/(DECREASE) IN CASH	(69,465)	(76)
Cash, beginning of period	70,115	76
Cash, end of period	650
Income tax payment
Interest expense
NON-CASH INVESTING AND FINANCING ACTIVITIES
(a) Disposal of inventory		705
(b) Prepaid expense forgone		1,300
(c) Disposal loss of equipment		6,972
(d) Waiver of loan from director		(28,128)
TOTAL CAPITAL CONTRIBUTION		$ (19,151)

XML

Organization and Basis of Presentation

9 Months Ended

May 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Presentation

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

The accompanying unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and Article 10 of Regulation S-X of the United States Securities and Exchange Commission (“SEC”). Accordingly, they do not contain all information and footnotes required by accounting principles generally accepted in the United States of America for annual financial statements. In the opinion of the Company’s management, the accompanying unaudited financial statements contain all the adjustments necessary (consisting only of normal recurring accruals) to present the financial position of the Company as of May 31, 2018 and the results of operations and cash flows for the periods presented. The results of operations for the nine months ended May 31, 2018 are not necessarily indicative of the operating results for the full fiscal year or any future period. These unaudited financial statements should be read in conjunction with the financial statements for the year ended August 31, 2017, and related notes thereto included in the elsewhere in this filing.

Organization and Business Description

Fellazo Corp. (“the Company”, “we”, “us” or “our”) was incorporated in the State of Nevada on May 28, 2014.

During the quarter ending May 31, 2018 the Company had commenced its transformation process into an IT based company specialized in Mobile Application Developments with worldwide clientele and a portfolio investment company in primary industries such as healthcare, energy, development and capital market.

Our office is located at 8^th Floor, Wisma Huazong, Lot 15285, 0.7km Lebuhraya Sungei Besi, 43300 Seri Kembangan, Selangor Darul Ehsan, Malaysia.

On Apr 17, 2018 via email, our President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company, Prof. Dr. Wong Kong Yew had tendered his resignation letter dated Apr 15, 2018 to the Board of Director.

On May 15, 2018, Mr. Yap Kit Chuan is appointed by the Board and consented to assume all posts vacated by Prof. Dr. Wong Kong Yew which include President, CEO, CFO, Treasurer, Secretary and Chairman of the Board of Directors of the Company.

Reclassifications

Certain prior period amounts have been reclassified to conform to the current period presentation.

XML

Going Concern

9 Months Ended

May 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 2 – GOING CONCERN

The Company’s financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. As at May 31, 2018, the Company has a working capital deficit of $504,905 and has not yet established a stabilized source of revenue sufficient to cover operating cost for the foreseeable future. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.

However the Company had commenced its transformation into an IT based company specialized in Mobile Application Developments with worldwide clientele and a portfolio investment company in primary industries such as healthcare, energy, development and capital market. The Board of Director is assisted by a team consisting of highly competent professional consultants and experts in the related the fields during this period of the transformation exercise.

We strongly believe that the transformation would bring a significant growth potential to the Company which would generate more than sufficient revenue and liquidity to sustain the Company for the next twelve months and a significant future growth. In addition there will be in-flow of funds and capital injections by the Directors to facilitate this transformation exercise.

The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern

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Related Party Transactions

9 Months Ended

May 31, 2018

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 3 – RELATED PARTY TRANSACTIONS

Our Management Agent, Swipypay Berhad (a company established in Malaysia) is 70% owned by our Director – Mr Yap Kit Chuan. Total outstanding amount due to our Management Agent was $469,740 and $275,671 as at May 31, 2018 and August 31, 2017 respectively.

During the period, we had requested the Management Agent to fully settle all outstanding Loan due from Director which amounted to $13,785.

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Going Concern (Details Narrative)	May 31, 2018 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital deficit	$ 504,905

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Related Party Transactions (Details Narrative) - USD ($)	9 Months Ended
	May 31, 2018	May 31, 2017	Aug. 31, 2017
Other creditor related party	$ 469,740		$ 275,671
Repayment of loan from director	$ 13,785	$ 804
Mr Yap Kit Chuan [Member]
Ownership percentage	70.00%