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 August 31, 2017

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

For the transition period from ______ to _______

Commission File No. 333-214075

MOVEIX INC

(Exact name of registrant as specified in its charter)

Nevada	3790	EIN 35-2567439
(State or Other Jurisdiction of Incorporation or Organization)	(Primary Standard Industrial Classification Number)	(IRS Employer Identification Number)

STRADA VERONICA MICLE 15 BL.17

SC A ET 1 ATP 6

SUCEAVA S5 720217

40316304330

(Address and telephone number of principal executive offices)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 is a large accelerated filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [  ] Accelerated filer [  ] Non-accelerated filer [  ] Smaller reporting company [X]

Indicate by checkmark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes[  ] No [X]

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.

N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes[  ] No[X]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the most practicable date:

Class	Outstanding as August 31, 2017
Common Stock: $0.001	4,490,000

PART 1	FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)
	Condensed Balance Sheets	3
	Condensed Statements of Operations	4
	Condensed Statements of Cash Flows	5
	Notes to condensed unaudited Financial Statements	6
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	12
Item 4.	Controls and Procedures	12
PART II.	OTHER INFORMATION	13
Item 1	Legal Proceedings	13
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	13
Item 3	Defaults Upon Senior Securities	13
Item 4	Mine safety disclosures	13
Item 5	Other Information	13
Item 6	Exhibits	13
	Signatures	14

 2

MOVEIX INC.

CONDENSED BALANCE SHEETS

ASSETS	August 31, 2017 (unaudited)			May 31,2017
Current Assets
Checking Account	$	5,770		$	-
Inventory		-			480
Other current assets		-			918
Total Current Assets		5,770			1,398
Total Assets	$	5,770		$	1,398
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities
Current Liabilities
Loan from director		10,216			10,116
Total Liabilities		10,216			10,116
Stockholders’ Deficit
Common stock, par value $0.001; 75,000,000 shares authorized, 4,490,000 and 4,000,000 shares issued and outstanding respectively:		4,490			4,000
Additional paid-in Capital		4,410
Accumulated deficit		(13,346	)		(12,718	)
Total Stockholders’ Deficit		(4,446	)		(8,718	)
Total Liabilities and Stockholders’ Deficit	$	5,770		$	1,398

See accompanying notes to the condensed financial statements.

 3

MOVEIX INC.

CONDENSED STATEMENTS OF OPERATIONS

	Three months ended August 31, 2017 (unaudited)			Three months ended August 31, 2016 (unaudited)
REVENUES
Sales (Scooters)	$	3,000		$	-
COGS		1,398			-
Gross Profit		1,602			-
General and Administrative Expenses		2,230			3,865
OPERATING EXPENSES		2,230			3,865
TOTAL OPERATING EXPENSES		2,230			3,865
NET LOSS FROM OPERATIONS		(628	)		(3,865	)
PROVISION FOR INCOME TAXES		-			-
NET LOSS	$	(628	)	$	(3,865	)
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	$	(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		4,058,456			4,000,000

See accompanying notes to the condensed financial statements.

 4

MOVEIX INC.

CONDENSED STATEMENTS OF CASH FLOWS

	For the three months ended August 31, 2017 (unaudited)			For the three months ended August 31, 2016 (unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$	(628	)	$	(3,865	)
Changes in assets and liabilities:
Deposit for Inventory		1,398			(600	)
Prepaid Expense		-			12
CASH FLOWS USED IN OPERATING ACTIVITIES	$	770		$	(4,453	)
CASH FLOWS FROM INVESTING ACTIVITIES
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	$	-		$	-
CASH FLOWS FROM FINANCING ACTIVITIES
Capital Stock		4,900			4,000
Expenses paid on behalf of the Company		100			4,453
Expenses paid on behalf of the Company – subscription receivable		-			(4,000	)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	$	5,000		$	4,453
Net Cash Change for Period	$	5,770		$	-
Cash at beginning of period		-			-
Cash at end of Period	$	5,770		$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-		$	-
Income taxes paid	$	-		$	-

See accompanying notes to the condensed financial statements.

 5

MOVEIX INC.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

AUGUST 31, 2017

NOTE 1 – Condensed Interim Financial Statements

Moveix Inc. (the “Company”) was incorporated in Nevada on May 5, 2016. The Company is in the start up stage and intends to resell various types of electric transportation. Electric transportation is a vehicle using electricity as a transportation fuel. Our products will include electric bikes, scooters, Segway, and hover boards sold to anybody around the world via our web site platform. Also we intend to sell wholesale. The company is located at STRADA VERONICA MICLE 15 BL.17 SC A ET 1 ATP 6 SUCEAVA S5 72021.

The accompanying unaudited condensed financial statements include the accounts of Moveix Inc. (the “Company”). These financial statements are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America. Therefore, these statements should be read in conjunction with the most recent annual financial statements of Moveix Inc. for the year ended May 31, 2017. In particular, the Company’s significant accounting principles were presented as Note 2 to the Financial Statements in that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed consolidated financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending May 31, 2018.

NOTE 2- SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in US dollars.

Fiscal Year-End

The Company elected May 31 as its fiscal year ending date.

Use of Estimates and Assumptions

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

Fair Value Measurements

The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

 6

The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that August be used to measure fair value:

Level 1 — quoted prices in active markets for identical assets or liabilities

Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable

Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

The Company has no assets or liabilities valued at fair value on a recurring basis.

Cash and Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company had no cash equivalents as of August 31, 2017.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Advertising

The Company will expense its advertising when incurred. There has been no advertising since inception.

Start-Up Costs

In accordance with ASC 720, “Start-up Costs”, the Company expenses all costs incurred in connection with the start-up and organization of the Company.

 7

Income Taxes

Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

Earnings per Share

The Company has adopted ASC No. 260, “Earnings Per Share” which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.

Recently Issued Accounting Pronouncements

The Company has evaluated all the recent accounting pronouncements and determined that there are no other accounting pronouncements that will have a material effect on the Company’s financial statements.

NOTE 3 – GOING CONCERN

The Company’s financial statements have been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.

As reflected in the financial statements, the Company had an accumulated deficit of $13,346 and negative working capital at August 31, 2017 and a net loss of $628 for the period then ended. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support the Company’s daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

 8

The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

NOTE 4 – LOAN FROM DIRECTOR

As of August 31, 2017, the Company owed $10,216 to the CEO and Director for expenses paid by him on behalf of the Company. The amounts are unsecured, non-interest bearing and due on demand.

NOTE 5 – STOCKHOLDER’S EQUITY

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

During the prior year, the Company issued 4,000,000 shares of common stock to the CEO and Director for a subscription receivable of $4,000 at $0.001 per share. During the three months ending August 31, 2016, the CEO and director paid for expenses and inventory deposits in satisfaction of the subscription receivable.

As of August 31, 2017, the Company issued 490,000 shares of common stock to shareholders at $0.01 per share for a total price of $4,900.

As of August 31, 2017, the Company’s issued and outstanding shares were at 4,490,000.

NOTE 6 – REVENUE RECOGNITION

The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.

The Company derives its revenues from sales contracts with its customer with revenues being generated upon rendering of services. Persuasive evidence of an arrangement is demonstrated via invoice; service is considered provided when the service is delivered to the customers; and the sales price to the customer is fixed upon acceptance of the purchase order and there is no separate sales rebate, discount, or volume incentive.

As of August 31, 2017, the Company has sold 3 Kids electric adult scooters for a total gross profit of $1,602.

NOTE 7 - INCOME TAXES

The reconciliation of income tax benefit at the U.S. statutory rate of 34% for the period from inception to August 31, 2017 to the Company’s effective tax rate is as follows:

	August 31, 2017			May 31, 2016
Tax benefit at U.S. statutory rate	$	4,538		$	4,324
Change in valuation allowance		(4,538	)		(4,324	)
Tax benefit, net	$	-		$	-

 9

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at August 31, 2017 are as follows:

Deferred tax assets	August 31, 2017			August 31, 2016
Net operating loss	$	214		$	1,314
Valuation allowance		(214	)		(1,314	)
Net deferred tax assets	$	-		$	-

The Company has approximately $13,346 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which begin to expire in fiscal 2036. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

NOTE 8 - COMMITMENT & CONTINGENCIES

The Company does not own or lease any real or personal property and does not have any capital commitments.

NOTE 9 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the date that these financial statements were available to be issued.

In September 2017 the Company issued 640,000 common shares to 8 shareholders for a total price of $6,400 at $0.01 per share. There have been no events that would require adjustment to or disclose in the financial statements.

FORWARD LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may,” “will,” “expect,” “believe,” “anticipate,” “estimate,” “approximate” or “continue,” or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

Employees and Employment Agreements

At present, we have no employees other than our sole officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees.

Results of Operation

Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three Months Period Ended August 31, 2017 and 2016

Our net loss for the three months periods ended August 31, 2017 and 2016 were $628 and $3,865 respectively. During the three months period ended August 31, 2017, we generated $1,602 in revenue from selling our Inventory (scooters). During the three months period ended August 31, 2016, we did not generate any revenue.

The weighted average number of shares outstanding was 4,058,456 for the three and three months period ended August 31, 2017. The weighted average number of shares outstanding was 4,000,000 for the three and three months period ended August 31, 2016.

Liquidity and Capital Resources

Three Months Period Ended August 31, 2017

As of August 31, 2017, our total assets were $5,770 consisting of Cash and cash equivalents. As of August 31, 2017, our current liabilities were $10,216 owning to our director, and our stockholders’ deficit was $(4,446).

Cash Flows from Operating Activities

For the three months periods ended August 31, 2017 our net cash flows provided by operating activities was $770. For the three months periods ended August 31, 2017 our net cash flows provided by operating activities was $(4,453).

Cash Flows from Investing Activities

We did not use or generate any cash flows from investing activities in the three months periods ended August 31, 2017 and 2016.

Cash Flows from Financing Activities

We generated $5,000 in cash flows from financing activities for the three month period ended August 31, 2017 by means of issuing $4,900 of common stock and $100 was loaned to the Company by our director to open bank account. We have generated $4,453 cash flows from financing activities for the three months ended August 31, 2016.

 11

Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

Off-Balance Sheet Arrangements

As of the date of this quarterly report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Going Concern

The independent auditors’ review report accompanying our May 31, 2017 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared assuming that we will continue as a going concern, which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

No report required.

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is 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 Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 12

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of August 31, 2017. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the three-month period ended August 31, 2017 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

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

No report required.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

No report required.

ITEM 6. EXHIBITS

Exhibits:

31.1 Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).

32.1 Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

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SIGNATURES

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

Dated: October 17, 2017	Moveix Inc.
	By:	/s/ Alexandru Curiliuc
	Name:	Alexandru Curiliuc
	Title:	President

 14

EX-31.1

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Alexandru Curiliuc, certify that:

1.	I have reviewed this Quarterly Report on Form 10-Q of Moveix 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.	I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the 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 my 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.

Date: October 17, 2017

/s/ Alexandru Curiliuc

Alexandru Curiliuc, President and Chief Executive Officer and Chief Financial Officer

EX-32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Alexandru Curiliuc, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the Quarterly Report on Form 10-Q of Moveix Inc. for the period ended August 31, 2017 (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 Moveix Inc.

Dated: October 17, 2017

/s/ Alexandru Curiliuc

Alexandru Curiliuc, President and Chief Executive Officer and Chief Financial Officer

XML

Document and Entity Information	3 Months Ended
	Aug. 31, 2017 shares
Document And Entity Information
Entity Registrant Name	MOVEIX INC.
Entity Central Index Key	0001685766
Document Type	10-Q
Document Period End Date	Aug. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--05-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	4,490,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2018

XML

Condensed Balance Sheets - USD ($)	Aug. 31, 2017	May 31, 2017
Current Assets
Checking Account	$ 5,770
Inventory		480
Other current assets		918
Total Current Assets	5,770	1,398
Total Assets	5,770	1,398
Current Liabilities
Loan from director	10,216	10,116
Total Liabilities	10,216	10,116
Stockholders' Deficit
Common stock, par value $0.001; 75,000,000 shares authorized, 4,490,000 and 4,000,000 shares issued and outstanding respectively:	4,490	4,000
Additional paid-in Capital	4,410
Accumulated deficit	(13,346)	(12,718)
Total Stockholders' Deficit	(4,446)	(8,718)
Total Liabilities and Stockholders' Deficit	$ 5,770	$ 1,398

XML

Condensed Balance Sheets (Parenthetical) - $ / shares	Aug. 31, 2017	May 31, 2017
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	4,490,000	4,000,000
Common stock, shares outstanding	4,490,000	4,000,000

XML

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
REVENUES
Sales (Scooters)	$ 3,000
COGS	1,398
Gross Profit	1,602
General and Administrative Expenses	2,230	3,865
OPERATING EXPENSES	2,230	3,865
TOTAL OPERATING EXPENSES	2,230	3,865
NET LOSS FROM OPERATIONS	(628)	(3,865)
PROVISION FOR INCOME TAXES
NET LOSS	$ (628)	$ (3,865)
NET LOSS PER SHARE: BASIC AND DILUTED	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	4,058,456	4,000,000

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Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (628)	$ (3,865)
Changes in assets and liabilities:
Deposit for Inventory	1,398	(600)
Prepaid Expense		12
CASH FLOWS USED IN OPERATING ACTIVITIES	770	(4,453)
CASH FLOWS FROM INVESTING ACTIVITIES
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES
CASH FLOWS FROM FINANCING ACTIVITIES
Capital Stock	4,900	4,000
Expenses paid on behalf of the Company	100	4,453
Expenses paid on behalf of the Company - subscription receivable		(4,000)
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	5,000	4,453
Net Cash Change for Period	5,770
Cash at beginning of period
Cash at end of Period	5,770
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid
Income taxes paid

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Condensed Interim Financial Statements

3 Months Ended

Aug. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Condensed Interim Financial Statements

NOTE 1 – Condensed Interim Financial Statements

Moveix Inc. (the “Company”) was incorporated in Nevada on May 5, 2016. The Company is in the start up stage and intends to resell various types of electric transportation. Electric transportation is a vehicle using electricity as a transportation fuel. Our products will include electric bikes, scooters, Segway, and hover boards sold to anybody around the world via our web site platform. Also we intend to sell wholesale. The company is located at STRADA VERONICA MICLE 15 BL.17 SC A ET 1 ATP 6 SUCEAVA S5 72021.

The accompanying unaudited condensed financial statements include the accounts of Moveix Inc. (the “Company”). These financial statements are condensed and, therefore, do not include all disclosures normally required by accounting principles generally accepted in the United States of America. Therefore, these statements should be read in conjunction with the most recent annual financial statements of Moveix Inc. for the year ended May 31, 2017. In particular, the Company’s significant accounting principles were presented as Note 2 to the Financial Statements in that report. In the opinion of management, all adjustments necessary for a fair presentation have been included in the accompanying condensed consolidated financial statements and consist of only normal recurring adjustments. The results of operations presented in the accompanying condensed financial statements are not necessarily indicative of the results that may be expected for the full year ending May 31, 2018.

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Significant and Critical Accounting Policies and Practices

3 Months Ended

Aug. 31, 2017

Accounting Policies [Abstract]

Significant and Critical Accounting Policies and Practices

NOTE 2- SIGNIFICANT AND CRITICAL ACCOUNTING POLICIES AND PRACTICES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in US dollars.

Fiscal Year-End

The Company elected May 31 as its fiscal year ending date.

Use of Estimates and Assumptions

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

Fair Value Measurements

The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that August be used to measure fair value:

Level 1 — quoted prices in active markets for identical assets or liabilities

Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable

Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

The Company has no assets or liabilities valued at fair value on a recurring basis.

Cash and Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company had no cash equivalents as of August 31, 2017.

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Advertising

The Company will expense its advertising when incurred. There has been no advertising since inception.

Start-Up Costs

In accordance with ASC 720, “Start-up Costs”, the Company expenses all costs incurred in connection with the start-up and organization of the Company.

Income Taxes

Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

Earnings per Share

The Company has adopted ASC No. 260, “Earnings Per Share” which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.

Recently Issued Accounting Pronouncements

The Company has evaluated all the recent accounting pronouncements and determined that there are no other accounting pronouncements that will have a material effect on the Company’s financial statements.

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Going Concern

3 Months Ended

Aug. 31, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Going Concern

NOTE 3 – GOING CONCERN

The Company’s financial statements have been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and liquidation of liabilities in the normal course of business.

As reflected in the financial statements, the Company had an accumulated deficit of $13,346 and negative working capital at August 31, 2017 and a net loss of $628 for the period then ended. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

The Company is attempting to commence operations and generate sufficient revenue; however, the Company’s cash position may not be sufficient to support the Company’s daily operations. Management intends to raise additional funds by way of a private or public offering. While the Company believes in the viability of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

The financial statements do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

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Loan from Director

3 Months Ended

Aug. 31, 2017

Related Party Transactions [Abstract]

Loan from Director

NOTE 4 – LOAN FROM DIRECTOR

As of August 31, 2017, the Company owed $10,216 to the CEO and Director for expenses paid by him on behalf of the Company. The amounts are unsecured, non-interest bearing and due on demand.

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Stockholder's Equity

3 Months Ended

Aug. 31, 2017

Equity [Abstract]

Stockholder's Equity

NOTE 5 – STOCKHOLDER’S EQUITY

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

During the prior year, the Company issued 4,000,000 shares of common stock to the CEO and Director for a subscription receivable of $4,000 at $0.001 per share. During the three months ending August 31, 2016, the CEO and director paid for expenses and inventory deposits in satisfaction of the subscription receivable.

As of August 31, 2017, the Company issued 490,000 shares of common stock to shareholders at $0.01 per share for a total price of $4,900.

As of August 31, 2017, the Company’s issued and outstanding shares were at 4,490,000.

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Revenue Recognition

3 Months Ended

Aug. 31, 2017

Revenue Recognition [Abstract]

Revenue Recognition

NOTE 6 – REVENUE RECOGNITION

The Company applies paragraph 605-10-S99-1 of the FASB Accounting Standards Codification for revenue recognition. The Company recognizes revenue when it is realized or realizable and earned. The Company considers revenue realized or realizable and earned when all of the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the product has been shipped or the services have been rendered to the customer, (iii) the sales price is fixed or determinable, and (iv) collectability is reasonably assured.

The Company derives its revenues from sales contracts with its customer with revenues being generated upon rendering of services. Persuasive evidence of an arrangement is demonstrated via invoice; service is considered provided when the service is delivered to the customers; and the sales price to the customer is fixed upon acceptance of the purchase order and there is no separate sales rebate, discount, or volume incentive.

As of August 31, 2017, the Company has sold 3 Kids electric adult scooters for a total gross profit of $1,602.

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Income Taxes

3 Months Ended

Aug. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 7 - INCOME TAXES

The reconciliation of income tax benefit at the U.S. statutory rate of 34% for the period from inception to August 31, 2017 to the Company’s effective tax rate is as follows:

	August 31, 2017			May 31, 2016
Tax benefit at U.S. statutory rate	$	4,538		$	4,324
Change in valuation allowance		(4,538	)		(4,324	)
Tax benefit, net	$	-		$	-

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at August 31, 2017 are as follows:

Deferred tax assets	August 31, 2017			August 31, 2016
Net operating loss	$	214		$	1,314
Valuation allowance		(214	)		(1,314	)
Net deferred tax assets	$	-		$	-

The Company has approximately $13,346 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which begin to expire in fiscal 2036. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.

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Commitment & Contingencies

3 Months Ended

Aug. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitment & Contingencies

NOTE 8 - COMMITMENT & CONTINGENCIES

The Company does not own or lease any real or personal property and does not have any capital commitments.

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Subsequent Events

3 Months Ended

Aug. 31, 2017

Subsequent Events [Abstract]

Subsequent Events

NOTE 9 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events through the date that these financial statements were available to be issued.

In September 2017 the Company issued 640,000 common shares to 8 shareholders for a total price of $6,400 at $0.01 per share. There have been no events that would require adjustment to or disclose in the financial statements.

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Significant and Critical Accounting Policies and Practices (Policies)

3 Months Ended

Aug. 31, 2017

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America (“US GAAP”) and are presented in US dollars.

Fiscal Year-End

Fiscal Year-End

The Company elected May 31 as its fiscal year ending date.

Use of Estimates and Assumptions

Use of Estimates and Assumptions

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

Fair Value Measurements

Fair Value Measurements

The Company adopted the provisions of ASC Topic 820, “Fair Value Measurements and Disclosures”, which defines fair value as used in numerous accounting pronouncements, establishes a framework for measuring fair value and expands disclosure of fair value measurements.

The estimated fair value of certain financial instruments, including cash and cash equivalents are carried at historical cost basis, which approximates their fair values because of the short-term nature of these instruments.

ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that August be used to measure fair value:

Level 1 — quoted prices in active markets for identical assets or liabilities

Level 2 — quoted prices for similar assets and liabilities in active markets or inputs that are observable

Level 3 — inputs that are unobservable (for example cash flow modeling inputs based on assumptions)

The Company has no assets or liabilities valued at fair value on a recurring basis.

Cash and Equivalents

Cash and Equivalents

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company had no cash equivalents as of August 31, 2017.

Stock-Based Compensation

Stock-Based Compensation

Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. To date, the Company has not adopted a stock option plan and has not granted any stock options.

Advertising

Advertising

The Company will expense its advertising when incurred. There has been no advertising since inception.

Start-Up Costs

Start-Up Costs

In accordance with ASC 720, “Start-up Costs”, the Company expenses all costs incurred in connection with the start-up and organization of the Company.

Income Taxes

Income Taxes

Income taxes are provided in accordance with ASC No. 740, Accounting for Income Taxes. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting and net operating loss carry-forwards. Deferred tax expense (benefit) results from the net change during the year of deferred tax assets and liabilities.

Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of all of the deferred tax assets will be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

Earnings Per Share

Earnings per Share

The Company has adopted ASC No. 260, “Earnings Per Share” which specifies the computation, presentation and disclosure requirements for earnings (loss) per share for entities with publicly held common stock. Basic net loss per share amounts is computed by dividing the net loss by the weighted average number of common shares outstanding. Diluted earnings per share are the same as basic earnings per share due to the lack of dilutive items in the Company.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

The Company has evaluated all the recent accounting pronouncements and determined that there are no other accounting pronouncements that will have a material effect on the Company’s financial statements.

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Income Taxes (Tables)

3 Months Ended

Aug. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Reconciliation of Income Tax Benefit

The reconciliation of income tax benefit at the U.S. statutory rate of 34% for the period from inception to August 31, 2017 to the Company’s effective tax rate is as follows:

	August 31, 2017			May 31, 2016
Tax benefit at U.S. statutory rate	$	4,538		$	4,324
Change in valuation allowance		(4,538	)		(4,324	)
Tax benefit, net	$	-		$	-

Schedule of Net Deferred Tax Assets

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at August 31, 2017 are as follows:

Deferred tax assets	August 31, 2017			August 31, 2016
Net operating loss	$	214		$	1,314
Valuation allowance		(214	)		(1,314	)
Net deferred tax assets	$	-		$	-

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Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	May 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 13,346		$ 12,718
Working capital deficit
Net loss	$ 628	$ 3,865

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Loan from Director (Details Narrative) - USD ($)	Aug. 31, 2017	May 31, 2017
Amount owed to officers	$ 10,216	$ 10,116
CEO And Director [Member]
Amount owed to officers	$ 10,216

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Stockholder's Equity (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2017	May 31, 2017	May 31, 2016
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	75,000,000	75,000,000
Common stock, issued shares	4,490,000	4,000,000
Number of common stock shares issued	490,000
Number of common stock value issued	$ 4,900
Number of shares issued, price per share	$ 0.01
Common stock, shares outstanding	4,490,000	4,000,000
CEO And Director [Member]
Common stock, issued shares			4,000,000
Subscription receivable			$ 4,000
Subscription receivable, per share			$ 0.001

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Revenue Recognition (Details Narrative) - USD ($)	3 Months Ended
	Aug. 31, 2017	Aug. 31, 2016
Revenue Recognition [Abstract]
Gross profit	$ 1,602

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Income Taxes (Details Narrative)	3 Months Ended
	Aug. 31, 2017 USD ($)
Income Tax Disclosure [Abstract]
Effective tax rate	34.00%
Net operating losses	$ 13,346
Income tax expiration year	2036

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Income Taxes - Schedule of Reconciliation of Income Tax Benefit (Details) - USD ($)	3 Months Ended		12 Months Ended
	Aug. 31, 2017	Aug. 31, 2016	May 31, 2017
Income Tax Disclosure [Abstract]
Tax benefit at U.S. statutory rate	$ 4,538		$ 4,324
Change in valuation allowance	(4,538)		(4,324)
Tax benefit, net

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Income Taxes - Schedule of Net Deferred Tax Assets (Details) - USD ($)	Aug. 31, 2017	Aug. 31, 2016
Income Tax Disclosure [Abstract]
Net operating loss	$ 214	$ 1,314
Valuation allowance	(214)	(1,314)
Net deferred tax assets

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Subsequent Events (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Sep. 30, 2017	Aug. 31, 2017
Number of common stock shares issued		490,000
Number of common stock value issued		$ 4,900
Number of shares issued, price per share		$ 0.01
Subsequent Event [Member]
Number of common stock shares issued	640,000
Number of common stock value issued	$ 6,400
Number of shares issued, price per share	$ 0.01