Some of the statements contained in this quarterly report of Ecomat, Inc. (hereinafter the "Company", "We" or the "Registrant") discuss future expectations, contain projections of our plan of operation or financial condition or state other forward-looking information. Forward-looking statements give our current expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. From time to time, we also may provide forward-looking statements in other materials we release to the public.





Overview

The Company's current business objective is to seek a business combination with an operating company. We intend to use the Company's limited personnel and financial resources in connection with such activities. The Company will utilize its capital stock, debt or a combination of capital stock and debt, in effecting a business combination. It may be expected that entering into a business combination will involve the issuance of restricted shares of capital stock. The issuance of additional shares of our capital stock:

? may significantly reduce the equity interest of our stockholders; ? will likely cause a change in control if a substantial number of our shares of

capital stock are issued, and most likely will also result in the resignation

or removal of our present officer and director; and ? may adversely affect the prevailing market price for our common stock.

Similarly, if we issued debt securities, it could result in:

? default and foreclosure on our assets if our operating revenues after a

business combination were insufficient to pay our debt obligations; ? acceleration of our obligations to repay the indebtedness even if we have made

all principal and interest payments when due if the debt security contained

covenants that required the maintenance of certain financial ratios or reserves

and any such covenants were breached without a waiver or renegotiations of such

covenants;

? our inability to obtain additional financing, if necessary, if the debt

security contained covenants restricting our ability to obtain additional

financing while such security was outstanding.

Results of Operations during the three months ended March 31, 2021 as compared to the three months ended March 31, 2020

We have not generated any revenues during the three months ended March 31, 2021 and 2020. We had total operating expenses of $47,132 related to general and administrative expenses during the three months ended March 31, 2021 compared to $16,475 during the same period in the prior year. We incurred interest expense of $0 during three months ended March 31, 2021 compared to interest expense of $2,040 during the three months ended March 31, 2020. During the three months ended March 31, 2021 and 2020, we had a net loss of $47,132 and $18,515, respectively. The increase in our net loss was due to additional legal expenses and compensation paid to CEO.

Results of Operations during the nine months ended March 31, 2021 as compared to the nine months ended March 31, 2020

We have not generated any revenues during the nine months ended March 31, 2021 and 2020. We had total operating expenses of $57,658 related to general and administrative expenses during the nine months ended March 31, 2021 compared to $61,125 during the same period in the prior year. We incurred interest expense of $7,917 during nine months ended March 31, 2021 compared to interest expense of $7,552 during the nine months ended March 31, 2020. During the nine months ended March 31, 2021 and 2020, we had a net loss of $57,658 and $61,125, respectively. The decrease in our net loss was due to decreased officer compensation.





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Liquidity and Capital Resources

As of the date of this report, the Company has no business operations and no cash resources other than advances provided by our then CEO and New York Listing Management Inc., a related party. On March 31, 2021, we entered into a Loan Agreement with New York Listing Management Inc., under which we receive funding for general operating expenses from time-to-time as needed by the Company. New York Listing Management Inc. have agreed to provide funding as may be required to pay for accounting fees and other administrative expenses of the Company until such time the Company enters into a business combination. The Company would be unable to continue as a going concern without interim financing provided by New York Listing Management Inc. If we require additional financing, we cannot predict whether equity or debt financing will become available at terms acceptable to us, if at all. At present, the Company has no financial resources to pay for such services and may be required to issue restricted shares in lieu of cash or, in the alternative, issue debt instruments evidencing financial obligations if and when they arise.

During the next 12 months we anticipate incurring costs related to:

? filing of Exchange Act reports. ? registered agent fees and accounting fees, legal fees, and ? investigating, analyzing and consummating an acquisition or business


  combination.

On March 31, 2021 and June 30, 2020, we have had no current assets. As of March 31, 2021, we had $47,132 in liabilities consisting of accounts payable of $40,091, advance from a related party of $5,916, accrued interest due to related parties of $0 and $0 in convertible notes. As of June 30, 2020, we had $214,961 in liabilities consisting of accounts payable of $3,350, advance from a related party of $28,155, accrued interest due to related parties of $18,456 and a $165,000 in convertible notes.

During the nine months ended March 31, 2021, we had negative cash flow from operating activities of $47,132 due to a net loss of $57,658. We financed our negative cash flow from operations through $5,916 in advances from one related party and a total of $225,485 debt and interests waived by lenders. During the nine months ended March 31, 2020, we had negative cash flow from operating activities of $7,449 due to a net loss of $61,125 offset by an increase of $53,676 in accounts payable and accrued liabilities. We financed our negative cash flow from operations through $7,449 in advances from our then CEO.

The Company currently plans to satisfy its cash requirements for the next 12 months through borrowings from New York Listing Management Inc. and believes it can satisfy its cash requirements so long as it is able to obtain financing from New York Listing Management Inc. The Company expects that money borrowed will be used during the next 12 months to satisfy the Company's operating costs, professional fees and for general corporate purposes.

On September 1, 2017, we formalized a verbal funding agreement and entered into a Loan Agreement with Ivo Heiden, our former sole officer and director, under which we receive funding of up to $100,000 for general operating expenses from time-to-time as needed by the Company. The loan bears an interest rate of 8% per annum and shall be due and payable on a date three hundred sixty-six (366) days from the date of the Loan Agreement. On June 28, 2019, the Loan Agreement was extended to September 1, 2020 and further on May 1, 2020, the Loan Agreement was extended again to September 1, 2021. As of January 6, 2021, the Company has received a total of $34,114 under this Loan Agreement. On January 6, 2021, the lender has waived the liabilities as well as the interests owed by the Company.

On March 31, 2021, we entered into a Loan Agreement with New York Listing Management Inc., one related party, under which we receive funding of up to $200,000 for general operating expenses from time-to-time as needed by the Company. The loan bears an interest rate of 8% per annum and shall be due and payable on a date three hundred sixty-six (366) days from the date of the Loan Agreement. As of March 31, 2021, the Company has received a total of $5,916 under this Loan Agreement.

The Company intends to repay these advances at a time when it has the cash resources to do so.

The Company has only limited capital. Additional financing is necessary for the Company to continue as a going concern. Our independent auditors have unqualified audit opinion for the years ended June 30, 2020 and 2019 with an explanatory paragraph on going concern.





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Off-Balance Sheet Arrangements

The Company has not entered into any financial guarantees or other commitments to guarantee the payment obligations of any third parties. In addition, it has not entered into any derivative contracts that are indexed to its own shares and classified as stockholders' equity, or that are not reflected in its financial statements. Furthermore, the Company does not have any retained or contingent interest in assets transferred to an unconsolidated entity that serves as credit, liquidity or market risk support to such entity. Moreover, the Company does not have any variable interest in any unconsolidated entity that it provides financing, liquidity, market risk or credit support to or engages in hedging or research and development services with the Company.

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