6-K

UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Commission File Number: 333-191564

BOSTON CARRIERS, INC.

(Name of Registrant)

29 Karneadou Str., Athens 10675 Greece

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X]   Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]

Copies to:

Marc J. Ross, Esq.

Sichenzia Ross Ference Kesner LLP

61 Broadway, 32^nd Floor

New York, New York 10006

Telephone: (212) 930-9700

BOSTON CARRIERS, INC.

On December 21, 2016, Boston Carriers, Inc. (the “Company”) published the Interim Report for its fiscal period commencing January 1, 2016 and ending June 30, 2016 (the “Report”). A copy of the Report is attached as an exhibit to this report on Form 6-K. This report on Form 6-K (including the exhibits hereto) shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

The Company files reports on Form 6-K with the US Securities and Exchange Commission (SEC) pursuant to the requirements of the Securities Exchange Act of 1934, as amended. The SEC reports of the Company are available to the public over the internet at the SEC’s website at www.sec.gov and from the SEC’s Public Reference Room at 100 F Street, N.E., Washington, D.C. 20549 (telephone 1-800-SEC-0330).

Forward-looking statements

This Form 6-K and the information incorporated by reference in this Form 6-K include statements that constitute forward-looking statements. In addition, in the future Boston Carriers, Inc. and others on its behalf may make statements that constitute forward-looking statements. When evaluating forward-looking statements, you should carefully consider the cautionary statement regarding forward-looking information, the risk factors and other information set forth in Boston Carriers, Inc.’s reports on Form 6-K furnished to or filed with the SEC, and other uncertainties and events.

No Offer to Sell Securities

The attached information is not an offer to sell or a solicitation of an offer to purchase any security in the United States or elsewhere and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any person to whom such an offer, solicitation or sale would be unlawful. No securities may be offered or sold within the United States or to U.S. persons absent registration or an applicable exemption from registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from any issuer of such securities and that will contain detailed information about us.

EXHIBITS

Exhibit Number	Description
99.1	Interim Report dated December 21, 2016, issued by Boston Carriers, Inc.

SIGNATURE

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

	BOSTON CARRIERS, INC
	Antonios Bertsos
	By: /s/ Antonios Bertsos
Date:  December 21, 2016	Chief Executive Officer

EX-99.1

Exhibit 99.1

The following tables present the condensed consolidated Balance Sheets as of June 30, 2016 (unaudited) and December 31, 2015, the unaudited condensed consolidated Statements of Operations for the six months ended June 30, 2016 and June 30, 2015, the unaudited condensed consolidated Statements of Cash Flows for the six months ended June 30, 2016 and June 30, 2015, and the unaudited condensed consolidated statements of Changes in Shareholders’ Equity of Boston Carriers, Inc. for the six months ended June 30, 2016 and June 30, 2015.

BOSTON CARRIERS, INC., AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS AS OF
JUNE 30, 2016 AND DECEMBER 31, 2015  

	June 30,		December 31,
	2016		2015
	(Unaudited)
ASSETS
Current assets
Cash	$	150,706	$	385,628
Trade and other receivables, net		142,491		—
Inventories		56,098		—
Prepaid expenses and other current assets		109,512		—
Assets from discontinued operations		1,911		265,525
Total current assets		460,718		651,153
Leased vessel, net of accumulated depreciation		2,832,449		—
Non-current assets
Security deposit for bareboat contract		—		500,000
Assets from discontinued operations		139,962		175,919
Total non-current assets		139,962		675,919
Total assets	$	3,433,129	$	1,327,072
LIABILITIES AND SHAREHOLDERS' (DEFICIT)/ EQUITY
Current liabilities
Accounts payable, trade	$	322,480	$	22,957
Accrued liabilities		89,409		—
Share settled liabilities		869,235		—
Current portion of obligations under capital leases		307,657		—
Stock subscription liability		—		1,000,000
Notes payable		556,834		—
Other current liabilities		18,227		6,000
Liabilities from discontinued operations		99,917		105,821
Total current liabilities		2,263,759,		1,134,778
Non-current liabilities
Non-current portion of obligations under capital leases		1,433,907		—
Convertible notes, net		729,014		—
Stock subscription liability		50,000		—
Total non-current liabilities		2,212,921		—
Total liabilities		4,476,680		1,134,778
Commitments and contingencies		—		—

Shareholders’ (deficit)/ equity
Series A Preferred shares, $0.0001 par value, 1,850,000 shares authorized, 1,850,000 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively		185			185
Series B Preferred shares, $0.0001 par value, 250,000 shares authorized, 0 and 250,000 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively		—			25
Series C Preferred shares, $0.0001 par value, 5,000,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively		—			—
Common shares, $0.0001 par value, 40,000,000,000 shares authorized, 150,000,000 and 147,500,000 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively		15,000			11,123
Class B Common shares, $0.0001 par value, 5,000,000,000 shares authorized, 0 shares issued and outstanding as of June 30, 2016 and December 31, 2015, respectively		—			—
Additional paid-in capital		1,420,448			1,015,141
Accumulated deficit		(2,479,184	)		(834,180	)
Total shareholders’ (deficit)/ equity		(1,043,551	)		192,294
Total liabilities and shareholders’ (deficit)/ equity	$	3,433,129		$	1,327,072

BOSTON CARRIERS, INC., AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2015
(UNAUDITED)  

	For the six months ended June 30,
REVENUES:	2016			2015
Revenues – Shipping related	$	847,622		$	—
EXPENSES:
Voyage expenses		(488,256	)		—
Direct vessel operating expenses		(544,804	)		—
General and administrative expenses		(143,289	)		(104,521	)
Management fees		(62,356	)		—
Stock based compensation		(930,902	)		—
Depreciation and amortization		(52,031	)		—
Total operating expenses		(2,221,638	)		(104,521	)
Operating loss from continuing operations		(1,374,016	)		(104,521	)
OTHER (EXPENSE)/ INCOME NET:
Interest (expense)/ income, net		(150,054	)		214
Other expense, net		(31,451	)		—
Loss from continuing operations		(1,555,521	)		(104,307	)
Loss from discontinued operations		(89,483	)		(70,853	)
Net loss	$	(1,645,004	)	$	(175,160	)
Net loss per share - basic and diluted
Continuing operations	$	(0.01	)	$	(0.00	)
Discontinued operations	$	(0.00	)	$	(0.00	)
Net loss per share - basic and diluted	$	(0.01	)	$	(0.00	)
Weighted average number of common shares outstanding - basic and diluted		145,872,115			154,585,807

BOSTON CARRIERS, INC., AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2015 (UNAUDITED)
	For the six months ended June 30,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss from continuing operations	$	(1,555,521	)	$	(104,307	)
Net loss from discontinued operations		(89,483	)		(70,853	)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Stock based compensation		930,902			—
Depreciation and amortization		52,031			—
Amortization of the beneficial conversion feature		2,647			—
Amortization of original issue discount asset		13,035			—
(Increase) decrease in:
Trade and other receivables, net		(142,491	)		—
Prepaid expenses and other current assets		(127,512	)		—
Inventories		(56,098	)		—
Increase (decrease) in:
Accounts payable, trade		333,486			24,197
Accrued liabilities		78,416			—
Other current liabilities		12,227			4,000
Payments for special survey costs		(165,362	)		—
Net cash used in operating activities - continuing operations		(745,647	)		(146,963	)
Net cash provided by operating activities - discontinued operations		258,377			8,024
Net cash used in operating activities		(455,346	)		(138,939	)
CASH FLOWS FROM INVESTING ACTIVITIES
Initial direct cost on leased vessel		(2,000	)		—
Net cash used in investing activities - continuing operations		(2,000	)		—
Net cash used in investing activities		(2,000	)		—
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from stock subscription liability		50,000			—
Proceeds from convertible notes, net		250,000			—
Proceeds from notes payable		200,000			—
Principal payments on capital lease		(108,681	)		—
Net cash provided by financing activities - continuing operations		391,319			—
Net cash used in financing activities - discontinued operations		(188,223	)
Net cash provided by financing activities		203,096			—
Net decrease in cash		(254,250	)		(138,939	)
Cash and cash equivalents - beginning of period		406,867			392,701
Cash and cash equivalents - end of period		152,617			253,762
Less cash and cash equivalents - end of period - discontinued operations		1,911			253,762
Cash and cash equivalents - end of period - continuing operations	$	150,706		$	—

SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest, net of amounts capitalized	$	74,103		$	—
Non-cash investing and financing activities
Purchase of vessel with capital lease	$	(1,850,245	)	$	—
Capitalized initial direct cost related to vessel with note payable and accrued interest	$	(366,873	)	$	—
Retirement of preferred stock by conversion to common stock	$	250		$	—
Stock based compensation, issued stocks	$	61,667		$	—

BOSTON CARRIERS, INC., AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY

FOR THE SIX MONTHS ENDED JUNE 30, 2016 AND 2015

	Preferred Shares						Common Shares
	Number of Preferred Shares			Amount			Number of Common Shares			Amount			Additional Paid-in Capital			Accumulated Deficit			Total Shareholders’ Equity/(Deficit)
Balance December 31, 2014		250,000		$	25			158,503,951		$	15,850		$	1,011,198		$	(548,595	)	$	478,478
Retirement of common stock to treasury stock		—			—			(47,278,938	)		(4,727	)		4,727			—			—
Net loss		—			—			—			—			—			(175,160	)		(175,160	)
Balance June 30, 2015 (unaudited)		250,000		$	25			111,225,013		$	11,123		$	1,015,925		$	(723,755	)	$	303,318
Balance December 31, 2015		2,100,000		$	210			111,225,013		$	11,123		$	1,015,141		$	(834,180	)	$	192,294
Stock issued for services		—			—			36,274,987			3,627			58,040			—			61,667
Beneficial conversion feature on the convertible notes		—			—			—			—			535,715			—			535,715
Conversion of Series B preferred stock in common stock		(250,000	)		(25	)		2,500,000			250			(225	)		—			—
Dividends paid to shareholders of the old shell company (Integrated Inpatient Solutions, Inc.)		—			—			—			—			(188,223	)		—			(188,223	)
Net loss		—			—			—			—			—			(1,645,004	)		(1,645,004	)
Balance June 30, 2016 (unaudited)		1,850,000		$	185			150,000,000		$	15,000		$	1,420,448		$	(2,479,184	)	$	(1,043,551	)