10-Q

U.S. 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, 2019

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

3773 Howard Hughes Pkwy. · Suite 500S

Las Vegas, Nevada 89169-6014

(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[   ]

1

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 February 28, 2019
Common Stock: $0.001	6,220,000

2

PART 1	FINANCIAL INFORMATION
Item 1	Financial Statements (Unaudited)	4
	Condensed Balance Sheets	4
	Condensed Statements of Operations	5
	Condensed Statements of Cash Flows	6
	Notes to condensed unaudited Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	12
Item 4.	Controls and Procedures	12
PART II.	OTHER INFORMATION
Item 1	Legal Proceedings	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	14
	Signatures	15

3

MOVEIX INC.

BALANCE SHEETS

(Unaudited)

ASSETS	February 28, 2019	May 31, 2018
Current Assets
Cash and cash equivalents	73	2,885
Total Current Assets	73	2,885
Fixed Assets
Furniture and Equipment	4,600	5,350
Total Assets	4,673	8,235
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Liabilities
Current Liabilities
Accounts payable	1,097	1,097
Loan from director	11,261	11,261
Other loans	9,526	-
Customer deposit	14,960	14,960
Total Current Liabilities	36,844	27,317
Stockholders’ Deficit
Common stock, par value $0.001; 75,000,000 shares authorized, 6,220,000 shares issued and outstanding at February 28, 2019 and May 31, 2018, respectively;	6,220	6,220
Additional paid in capital	19,980	19,980
Accumulated deficit	(58,370)	(45,282)
Total Stockholders’ Deficit	(32,170)	(19,082)
Total Liabilities and Stockholders’ Deficit	$4,673	$8,235

See accompanying notes to the condensed financial statements.

4

MOVEIX INC.

CONDENSED STATEMENTS OF OPERATION

(Unaudited)

	Three months ended February 28, 2019 (unaudited)	Three months ended February 28, 2018 (unaudited)	Nine months ended February 28, 2019 (unaudited)	Nine months ended February 28, 2018 (unaudited)
REVENUES Sales (Scooters)	$-	$-	$-	$3,000
COGS	-	-	-	1,398
Gross Profit	-	-	-	1,602
General and Administrative Expenses	4,116	3,294	13,088	9,523
OPERATING EXPENSES	4,116	3,294	13,088	9,523
TOTAL OPERATING EXPENSES	4,116	3,294	13,088	9,523
NET LOSS FROM OPERATIONS	(4,116)	(3,294)	(13,088)	(7,921)
PROVISION FOR INCOME TAXES	-	-	-	-
NET LOSS	$(4,116)	$(3,294)	$(13,088)	$(7,921)
NET LOSS PER SHARE: BASIC AND DILUTED	$(0.00)	$(0.00)	$(0.00)	$(0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	6,220,000	4,599,840	4,058,456	5,093,670

                                        See accompanying notes to the condensed financial statements

5

MOVEIX INC.

                                    STATEMENTS OF STOCKHOLDERS’ DEFICIT

	Common Stock
	Shares	Amount	Additional Paid- in Capital	Subscription Receivable	Accumulated Deficit	Total Stockholders’ Deficit
Balance, May 31, 2017	4,000,000	$4,000	$-	$-	$(12,718)	$(8,718)
Stock Issued for cash at $0.01 per share	2,220,000	2,220	19,980	-		22,200
Net loss for period ending February 28, 2018	-	-	-	-	(7,921)	(7,921)
Balance, February 28, 2018	6,220,000	$6,220	$19,980	$-	$(20,638)	$5,562
Balance, May 31, 2018	6,220,000	$6,220	$19,980	$-	$(45,282)	$(19,082)
Net loss for period ending February 28, 2019	-	-	-	-	(13,088)	(13,088)
Balance, February 28, 2019	6,220,000	$6,220	$19,980	$-	$(58,370)	$(32,170)

See accompanying notes to the financial statements.

6

MOVEIX INC.

CONDENSED STATEMENTS OF CASH FLOWS

(Unaudited)

	For the nine months ended February 28, 2019 (unaudited)	For the nine months ended February 28, 2018 (unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$(13,088)	$(7,921)
Changes in assets and liabilities:
Expenses paid on behalf of the company	-
Expenses paid on behalf of the company for Subscription receivable
Deposit for Inventory	-	-
Prepaid Expense	-	1,398
Depreciation Expense	750	-
Accounts Payable	-	800
CASH FLOWS USED IN OPERATING ACTIVITIES	$(12,388)	$(5,723)
CASH FLOWS FROM INVESTING ACTIVITIES
Website development and maintenance	-	(5,600)
CASH FLOWS PROVIDED BY (USED IN) INVESTING ACTIVITIES	-	(5,600)
CASH FLOWS FROM FINANCING ACTIVITIES
Capital Stock	-	22,200
Expenses paid on behalf of the Company		100
Other loans	9,526	-
CASH FLOWS PROVIDED BY (USED IN) FINANCING ACTIVITIES	$9,562	$22,300

Net Cash Change for Period	$(2,812)	$10,977
Cash at beginning of period	2,885	-
Cash at end of Period	$73	$10,977

SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$-	$-
Income taxes paid	$-	$-

7

See accompanying notes to the condensed financial statements.

MOVEIX INC.

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

February 28, 2019

(Unaudited)

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, 2018. 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.

8

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 November 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 $73 in cash or cash equivalents as of February 28, 2019.

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

9

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.

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 $58,370 and negative working capital at February 28, 2019 and a net loss of $13,088 for the period then ended. These factors raise substantial doubt about the Company’s ability to continue as a going concern.

10

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.

NOTE 4 – LOAN FROM DIRECTOR

As of February 28, 2019, the Company owed $11,261 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- OTHER LOANS

The Company entered into a loan agreement with Delta Allaince PC for the amount $6,889. All payments hereunder shall be made in US dollars. The Borrower shall be obliged to pay interest at the rate of 6 percent (%) per annum, the "Interest".  If Borrower has not paid the full amount of the loan when the final payment is due, the Lender will charge Borrower interest on the unpaid balance at 15 percent (%) per year.  This Agreement is effective March 25^th   2019.  The full balance of the capital and interest shall become payable immediately if the Borrower becomes Insolvent.

NOTE 6 – 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 November 30, 2017, the CEO and director paid for expenses and inventory deposits in satisfaction of the subscription receivable.

In September and October the Company issued 2,220,000 shares of common stock to shareholders at $0.01 per share for a total price of $22,200.

As of February 28, 2019, the Company’s issued and outstanding shares were at 6,220,000.

NOTE 7 - INCOME TAXES

The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the period from inception to February 28, 2019 to the Company’s effective tax rate is as follows:

	February 28, 2019			May 31, 2018
Tax benefit at U.S. statutory rate	$	2,748		$	6,776
Change in valuation allowance		(2,748	)		(6,776	)
Tax benefit, net	$	-		$	-

11

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at November 30, 2018 are as follows:

Deferred tax assets	February 28, 2019			May 31, 2018
Net operating loss	$	12,258		$	9,509
Valuation allowance		(12,258	)		(9,509	)
Net deferred tax assets	$	-		$	-

The Company has approximately $58,370 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 April 9, 2019 and the date that these financial statements were available to be issued.

The Company has received a loan of $3,018 from Delta Allaince PC on March 29, 2019.

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.

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

12

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 and Nine Months Period Ended February 28, 2019 and February 29, 2018

Our net loss for the three months periods ended February 28, 2019 and 2018 were $4,116 and $3,294 respectively. During the three months period ended February 28, 2019 and 2018 we have not generated any revenue.

Our net loss for the nine months periods ended February 28, 2019 and February 29, 2018 were $13,088 and $7,921 respectively. During the nine months period ended February 28, 2019 we have not generated any revenue.  During the nine months period ended February 29, 2018 we have generated $1,602 in net profit.

Liquidity and Capital Resources

Three Months Period Ended February 28, 2019  

As of February 28, 2019, our total assets were $4,673 consisting of Cash and cash equivalents of $73 and fixed assets of $4,600.   As of February 28, 2019, our total liabilities were $36,844 comprised of current liabilities of $1,097 for accounts payable and long-term liabilities owning to our director $11,261, customer deposit of $14,960, Informa Tech loan of $3,180 and Delta loan in the amount of $ 2,475.   

Cash Flows from Operating Activities

For the nine months periods ended February 28, 2019 our net cash flows used by operating activities was ($12,388).  For the nine months periods ended February 29, 2018 our net cash flows provided by operating activities was ($5,723).

Cash Flows from Investing Activities

13

We have not generated cash flows from investing activities in the nine months periods ended February 28, 2019 and ($5,600) in the nine months period ended February 29, 2018.

Cash Flows from Financing Activities

We generated $ 9,562 in cash flows from financing activities for the nine months ended February 28, 2019.  We generated $22,300 in cash flows from financing activities for the nine month period ended February 29, 2018 by issuing common stock $22,200 and expenses paid on behalf of the company of $100.  

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, 2018 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

14

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.

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 November 30, 2018. 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 November 30, 2018 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

15

Exhibits:

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

31.2 Certification of Chief Financial 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.

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: April 15, 2019		Moveix Inc.
	By:		/s/ Alexandru Curiliuc
	Name:		Alexandru Curiliuc
	Title:		President

16

EX-31.1

302 CERTIFICATION

I, Alexandru Curiliuc, certify that:

         1. I have reviewed this 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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me 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 my 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 my 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.

April 15, 2019

/s/Alexandru Curiliuc

Alexandru Curiliuc

Chief Executive Officer

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

The undersigned officer of Moveix Inc. (the "Company"), hereby certifies, to such officer's knowledge, that the Company's Quarterly Report on Form 10-Q for the quarter ended February 28, 2019 (the "Report") fully complies with the requirements of Section 13(a) of the Securities Exchange Act of 1934 and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/Alexandru Curiliuc

Alexandru Curiliuc

Chief Executive Officer

Chief Financial Officer

April 15, 2019

XML

Document and Entity Information - USD ($)	9 Months Ended
	Feb. 28, 2019	Nov. 30, 2018
Document and Entity Information:
Entity Registrant Name	Moveix Inc.
Document Type	10-Q
Document Period End Date	Feb. 28, 2019
Trading Symbol	none
Amendment Flag	false
Entity Central Index Key	0001685766
Current Fiscal Year End Date	--05-31
Entity Common Stock, Shares Outstanding	6,220,000
Entity Public Float		$ 0
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	Yes
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3

XML

Balance Sheets - USD ($)	Feb. 28, 2019	May 31, 2018
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 73	$ 2,885
Other Assets, Current, website development	0	0
Assets, Current	73	2,885
Assets, Noncurrent
Furniture and Equipment	4,600	5,350
Assets	4,673	8,235
Liabilities, Current
Accounts Payable, Current	1,097	1,097
Other loans	9,526
Loans Payable, Current	0	0
Liabilities, Noncurrent
Loan from director, Noncurrent	11,261	11,261
Customer Advances or Deposits, Noncurrent	14,960	14,960
Liabilities	36,844	27,317
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest
Common Stock, Value, Issued	6,220	6,220
Additional Paid in Capital, Common Stock	19,980	19,980
Retained Earnings (Accumulated Deficit)	(58,370)	(45,282)
Stock subscription Receivable	0	0
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	$ (32,170)	$ (19,082)
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	6,220,000	6,220,000
Common Stock, Shares Outstanding	6,220,000	6,220,000
Liabilities and Equity	$ 4,673	$ 8,235

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Balance Sheet - Parenthetical - $ / shares	Feb. 28, 2019	May 31, 2018
Balance Sheets
Common Stock, Par Value	$ 0.001	$ 0.001
Common Stock, Shares Authorized	75,000,000	75,000,000
Common Stock, Shares Issued	6,220,000	6,220,000

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Statement of Operations - USD ($)	3 Months Ended		9 Months Ended
	Feb. 28, 2019	Feb. 28, 2018	Feb. 28, 2019	Feb. 28, 2018
Revenues
Sales Revenue, Goods, Net				$ 3,000
Revenues	$ 0	$ 0	$ 0	0
Cost of Revenue
Cost of Goods Sold				1,398
Gross Profit				1,602
Amortization of Deferred Charges
Other Depreciation and Amortization			750
Administrative Expense	4,116	3,294	13,088	9,523
Total Operating Expenses	4,116	3,294	13,088	7,921
Net loss from operations	(4,116)	(3,294)	(13,088)	(7,921)
Interest and Debt Expense
Provision for Income Taxes (Benefit)	0	0	0	0
Net Income (Loss)	$ (4,116)	$ (3,294)	$ (13,088)	$ (7,921)
Earnings Per Share
Weighted Average Number of Shares Outstanding, Basic	6,220,000	4,599,840	4,058,456	5,093,670
Earnings Per Share, Basic and Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00

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Statements of Cash Flows - USD ($)	9 Months Ended
	Feb. 28, 2019	Feb. 28, 2018
Net Cash Provided by (Used in) Operating Activities
Net loss for the period	$ (13,088)	$ (7,921)
Adjustments, Noncash Items, to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities
Depreciation		0
Other Depreciation and Amortization	750
Deposit for Inventory	0	1,398
Increase (Decrease) in Operating Liabilities
Increase (Decrease) in Accounts Payable		800
Net Cash Provided by (Used in) Operating Activities	(12,388)	(5,723)
Net Cash Provided by (Used in) Investing Activities
Website development and maintenance	0	(5,600)
Prepaid expenses	0	0
Net Cash Provided by (Used in) Investing Activities	0	(5,600)
Net Cash Provided by (Used in) Financing Activities
Payments for (Proceeds from) Other loans	9,526	0
Proceeds from Capital Stock		22,200
Repayment of Notes Receivable from Related Parties	0	100
Proceeds from Delta loans		0
Net Cash Provided by (Used in) Financing Activities	9,562	22,300
Cash and Cash Equivalents, Period Increase (Decrease)	(2,812)	10,977
Cash and Cash Equivalents, at Carrying Value	2,885	0
Cash and Cash Equivalents, at Carrying Value	$ 73	$ 10,977

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Note 1 - Condensed Interim Financial Statements

9 Months Ended

Feb. 28, 2019

Notes

Note 1 - 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, 2018. 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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Note 2- Significant and Critical Accounting Policies and Practices

9 Months Ended

Feb. 28, 2019

Notes

Note 2- 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 November 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 $73 in cash or cash equivalents as of February 28, 2019.

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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Note 3 - Going Concern

9 Months Ended

Feb. 28, 2019

Notes

Note 3 - 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 $58,370 and negative working capital at February 28, 2019 and a net loss of $13,088 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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Note 4 - Loan From Director

9 Months Ended

Feb. 28, 2019

Notes

Note 4 - Loan From Director

NOTE 4 – LOAN FROM DIRECTOR

As of February 28, 2019, the Company owed $11,261 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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Note 5- Other Loans

9 Months Ended

Feb. 28, 2019

Notes

Note 5- Other Loans

NOTE 5- OTHER LOANS

The Company entered into a loan agreement with Delta Allaince PC for the amount $6,889. All payments hereunder shall be made in US dollars. The Borrower shall be obliged to pay interest at the rate of 6 percent (%) per annum, the "Interest".  If Borrower has not paid the full amount of the loan when the final payment is due, the Lender will charge Borrower interest on the unpaid balance at 15 percent (%) per year.   This Agreement is effective March 25^th   2019.  The full balance of the capital and interest shall become payable immediately if the Borrower becomes Insolvent.

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Note 6 - Stockholder's Equity

9 Months Ended

Feb. 28, 2019

Notes

Note 6 - Stockholder's Equity

NOTE 6 – 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 November 30, 2017, the CEO and director paid for expenses and inventory deposits in satisfaction of the subscription receivable.

In September and October the Company issued 2,220,000 shares of common stock to shareholders at $0.01 per share for a total price of $22,200.

As of February 28, 2019, the Company’s issued and outstanding shares were at 6,220,000.

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Note 7 - Income Taxes

9 Months Ended

Feb. 28, 2019

Notes

Note 7 - Income Taxes

NOTE 7 - INCOME TAXES

The reconciliation of income tax benefit at the U.S. statutory rate of 21% for the period from inception to February 28, 2019 to the Company’s effective tax rate is as follows:

	February 28, 2019			May 31, 2018
Tax benefit at U.S. statutory rate	$	2,748		$	6,776
Change in valuation allowance		(2,748	)		(6,776	)
Tax benefit, net	$	-		$	-

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at November 30, 2018 are as follows:

Deferred tax assets	February 28, 2019			May 31, 2018
Net operating loss	$	12,258		$	9,509
Valuation allowance		(12,258	)		(9,509	)
Net deferred tax assets	$	-		$	-

The Company has approximately $58,370 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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Note 8 - Commitment & Contingencies

9 Months Ended

Feb. 28, 2019

Notes

Note 8 - 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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Note 9 - Subsequent Events

9 Months Ended

Feb. 28, 2019

Notes

Note 9 - Subsequent Events

NOTE 9 – SUBSEQUENT EVENTS

The Company has evaluated subsequent events through April 9, 2019 and the date that these financial statements were available to be issued.

The Company has received a loan of $3,018 from Delta Allaince PC on March 29, 2019.