10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________

FORM 10-Q

[ X ] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended June 30, 2016

OR

[ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the transition period from ________ to ___________

Commission file number: 000-54793

JPX GLOBAL, INC.

(Name of Small Business Issuer in Its Charter)

Nevada	26-2801338
(State or Other Jurisdiction of Incorporation or Organization)	(IRS Employer Identification No.)
9864 E Grand River, Ste 110-301
Brighton, MI	48116
(Address of Principal Executive Offices)	(Zip Code)

	(780) 349-1755
	(Issuer’s Telephone Number)
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12 months (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 has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,”“accelerated filer,” and “smaller reporting company in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer [  ]	Accelerated Filer [  ]
Non-Accelerated Filer [  ]	Smaller reporting company [X]

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS

Check whether the registrant has filed all documents and reports required to be filed by Sections 12, 13, or 15(d) of the Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court. Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date. As of August 2, 2016, the Company had outstanding 170,455,809 shares of common stock, par value $0.001 per share.

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JPX GLOBAL, INC.

QUARTERLY PERIOD ENDED JUNE 30, 2016

Index to Report on Form 10-Q

		Page No.
	PART I - FINANCIAL INFORMATION
Item 1.	Financial Statements	4
Item 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	13
Item 4.	Controls and Procedures	13
	PART II - OTHER INFORMATION
Item 1.	Legal Proceedings	15
Item 1A.	Risk Factors	15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
Item 3.	Defaults Upon Senior Securities	15
Item 4.	Mine Safety Disclosures	15
Item 5.	Other Information	15
Item 6.	Exhibits	16
	Signatures	17

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JPX GLOBAL, INC.
Balance Sheets
ASSETS
	June 30,			December 31,
	2016			2015
	(Unaudited)
CURRENT ASSETS
Cash and cash equivalents	$	89		$	83
Total Current Assets		89			83
TOTAL ASSETS	$	89		$	83
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	39,196		$	29,902
Advances from related party		254,364			243,864
Notes payable to related party		23,000			18,000
Convertible loan payable - related party		1,500			1,500
Total Current Liabilities		318,060			293,266
TOTAL LIABILITIES		318,060			293,266
STOCKHOLDERS' DEFICIT
Preferred stock, $0.001 par value; 40,000,000 shares authorized:
Series A Preferred Stock, $0.001 par value; 1,000 and
1,000 shares issued and outstanding, respectively		1			1
Series B Preferred Stock, $0.001 par value; 10,000,000 and
10,000,000 shares issued and outstanding, respectively		10,000			10,000
Common stock, $0.001 par value; 500,000,000 shares authorized,
170,455,809 and 167,455,809 shares issued and outstanding, respectively		170,456			167,456
Additional paid-in capital		33,429,694			32,832,694
Accumulated deficit		(33,928,122	)		(33,303,334	)
Total Stockholders' Deficit		(317,971	)		(293,183	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	89		$	83
The accompanying notes are an integral part of these financial statements

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JPX GLOBAL, INC.
Statements of Operations
(Unaudited)
	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
NET REVENUES	$	—		$	—		$	—		$	—
OPERATING EXPENSES
Consulting fees (including stock-based compensation of
$600,000, $-0-, $600,000 and $2,050,000, respectively)		600,000			—			600,000			2,050,000
Professional and accounting fees		22,656			19,831			23,208			39,950
Other general and administrative		547			813			794			1,158
Total Operating Expenses		623,203			20,644			624,002			2,091,108
LOSS FROM OPERATIONS		(623,203	)		(20,644	)		(624,002	)		(2,091,108	)
OTHER INCOME (EXPENSES)
Interest expense		(427	)		(82	)		(786	)		(82	)
Total Other Income (Expenses)		(427	)		(82	)		(786	)		(82	)
NET INCOME (LOSS)	$	(623,630	)	$	(20,726	)	$	(624,788	)	$	(2,091,190	)
Net income (loss) per common share - basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)
Weighted average common shares
outstanding - basic and diluted		168,301,963			167,455,809			167,878,886			166,912,163
The accompanying notes are an integral part of these financial statements

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JPX GLOBAL, INC.
Statements of Cash Flows
(Unaudited)
	For the Six Months Ended
	June 30,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(624,788	)	$	(2,091,190	)
Adjustments to reconcile net loss to net
cash used by operating activities:
Common stock issued for services		600,000			2,050,000
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		9,294			5,287
Net Cash Used by Operating Activities		(15,494	)		(35,903	)
CASH FLOWS FROM INVESTING ACTIVITIES:		—			—
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable to related party		5,000			16,000
Proceeds from advances from related party (net)		10,500			19,878
Net Cash Provided by Financing Activities		15,500			35,878
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS		6			(25	)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD		83			342
CASH AND CASH EQUIVALENTS, END OF PERIOD	$	89		$	317
SUPPLEMENTAL CASH FLOW INFORMATION
Cash Payments For:
Interest	$	—		$	—
Taxes	$	—		$	—
Non-cash activity:
Common stock issued for services	$	600,000		$	2,050,000
The accompanying notes are an integral part of these financial statements

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JPX Global, Inc.

Notes to Financial Statements

June 30, 2016

(Unaudited)

NOTE 1 - ORGANIZATION

JPX Global, Inc. (the “Company” or “JPX”) was incorporated under the laws of the state of Nevada on December 18, 2008, with 75,000,000 authorized common shares with a par value of $0.001. On January 3, 2013, the Company approved the action to amend and restate the Articles of Incorporation of the Company and increase the authorized common shares to 500,000,000 and create and authorize 40,000,000 shares of Preferred Stock which was approved by written consent of the holders representing approximately 67% of the outstanding voting securities of the Company. Series A Preferred Stock was created and designated with super-voting rights of 100,000 votes per share of Series A Preferred Stock held, but no conversion, dividend and liquidation rights.

On February 5, 2014, the Company entered into an agreement to acquire all the operating assets of Scorpex, Inc. (“Scorpex”) (an entity related by common control) in exchange for 105,000,000 shares of common stock and 10,000,000 shares of Series B Preferred Stock of the Company. Scorpex is majority owned and controlled by JPX Global, Inc.’s then controlling shareholder, Joseph Caywood. Each share of Series B preferred stock is convertible into 10 shares of common stock and is entitled to vote ratably together with our common stockholders on all matters upon which common stockholders may vote. With the acquisition of these assets, which consist primarily of a license agreement, the Company has modified its business plan to include the development of waste management services including the storage, recycling, and disposal of waste.  The Company does not presently have any waste management operations.

The acquired assets consist primarily of a license agreement between Scorpex and Tratamientos Ambientales Scorpion, S.A. de C.V. (a corporation formed under the laws of Mexico) (“TAS”). This license agreement with TAS has been assigned to JPX. TAS is a wholly owned subsidiary of Scorpex, and is, therefore, a common control entity. ASC 805-50-30-5 provides guidance on measuring assets and liabilities transferred between entities under common control. As these entities are under common control and the license agreement had no basis on Scorpex’s books they are being acquired at their carrying amounts (with no cost basis) on the date of transfer and, therefore, the transaction value is $-0-.

The license agreement was dated July 30, 2011 and provided Scorpex with an exclusive worldwide license for the permits, property, and any and all of TAS’s other assets necessary for the business of storing, recycling, disposing, and treating waste in Mexico for a term of 10 years. The agreement also provided for Scorpex’s annual payment to TAS of 20% of its Net Revenues (gross cash receipts less cost of processing and other expenses excluding general, administrative, interest, and taxes) from the license. Pursuant to the Assignment Consent dated February 3, 2014, TAS agreed to extend the term of the agreement every 10 years if operations have commenced pursuant to the license agreement.

NOTE 2 - BASIS OF FINANCIAL STATEMENT PRESENTATION

The accompanying unaudited financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim financial statements be

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JPX Global, Inc.

Notes to Financial Statements

June 30, 2016

(Unaudited)

read in conjunction with the Company’s audited financial statements and notes thereto included in its Form 10-K for the year ended December 31, 2015. Operating results for the six months ended June 30, 2016 are not necessarily indicative of the results to be expected for the year ending December 31, 2016.

NOTE 3 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the company will continue as a going concern. The company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern. The Company has incurred accumulated losses of $33,928,122 from inception (December 18, 2008) through June 30, 2016.

Continuation of the company as a going concern is dependent upon obtaining additional working capital and the management of the company has developed a strategy which it believes will accomplish this objective through short term loans from related parties, and additional equity investments, which will enable the company to continue operations for the coming year. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

NOTE 4 - NET INCOME (LOSS) PER COMMON SHARE

The Company follows ASC Topic 260 to account for the earnings per share. Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.

For the six months ended June 30, 2016, the common shares underlying the following dilutive securities were excluded from the calculation of diluted shares outstanding as the effect of their inclusion would be anti-dilutive:

	Common Shares Issuable
Convertible loan payable – related party		1,500,000
Series B Preferred Stock		100,000,000
Total common shares issuable		101,500,000

NOTE 5 - ADVANCES FROM RELATED PARTY

The advances from related party liability at June 30, 2016 ($254,364) and December 31, 2015 ($243,864) is due to Joseph Caywood, significant stockholder of the Company. The liability is non-interest bearing and there are no terms of repayment.

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JPX Global, Inc.

Notes to Financial Statements

June 30, 2016

(Unaudited)

NOTE 6 - NOTES PAYABLE TO RELATED PARTY

The notes payable to related party at June 30, 2016 ($23,000) is due to Mitchell Dean Hovendick, significant stockholder of the Company, and consist of:

Promissory note dated May 20, 2015, interest at 8% per annum, interest and principal due November 20, 2015	$	8,000
Promissory note dated June 24, 2015, interest at 8% per annum, interest and principal due December 24, 2015		8,000
Promissory note dated November 15, 2015, interest at 8% per annum, interest and principal due May 15, 2016		2,000
Promissory note dated April 15, 2016, interest at 8% per annum, interest and principal due October 12, 2016		3,000
Promissory note dated May 21, 2016, interest at 8% per annum, interest and principal due November 17, 2016		2,000
Total	$	23,000

NOTE 7 - CONVERTIBLE LOAN PAYABLE - RELATED PARTY

On December 18, 2008, the company entered into a Promissory Note agreement with the former CEO of the Company. The note is for a sum of $1,500, is non interest bearing, and was due and payable on December 31, 2010. The note provides that if the note was not paid on December 31, 2010, the note can be converted to shares of common stock of the Company for $.001 per share. On January 3, 2013, this note was assigned to Joseph Caywood, the then controlling shareholder of JPX. The Company and Joseph Caywood have verbally agreed that the Company will pay the loan off as it is able to without penalty, and Joseph Caywood will not convert the debt into shares of common stock. As of June 30, 2016 and December 31, 2015, the balance of the loan is $1,500.

NOTE 8 - CAPITAL STOCK

On January 6, 2014, the Company issued 1,000 shares of Series A preferred stock as security for outstanding debts of the Company owed to Joseph Caywood. Although the preferred stock carries no dividend, distribution, liquidation or conversion rights, each share of Series A preferred stock carries one hundred thousand (100,000) votes, and holders of our Series A preferred stock are able to vote together with our common stockholders on all matters upon which common stockholders may vote.

On February 5, 2014 (see Note 1 above), the Company entered into an agreement to acquire all the operating assets of Scorpex, Inc. (“Scorpex”) (an entity related by common control) in exchange for 105,000,000 shares of common stock and 10,000,000 shares of Series B preferred stock of the Company. Scorpex is majority owned and controlled by JPX Global, Inc.’s significant shareholder, Joseph Caywood. The Series B preferred stock is convertible into 10 shares of common stock and is entitled to vote ratably together with our common stockholders on all matters upon which common stockholders may vote.

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JPX Global, Inc.

Notes to Financial Statements

June 30, 2016

(Unaudited)

On February 17, 2015, pursuant to a Consulting Agreement with Joseph Caywood dated January 1, 2015 (term ended March 31, 2015), the Company issued a total of 2,050,000 shares of common stock to 18 individuals/entities for services rendered to the Company. The stock was valued at $2,050,000 and was expensed as consulting fees in the three months ended March 31, 2015.

On July 1, 2016, pursuant to a Consulting Services Agreement with an individual consultant dated June 1, 2016 (term ending November 30, 2016), the Company issued 2,000,000 shares of common stock to such individual for certain marketing consulting services to be rendered to the Company. The stock was valued at $400,000 and was expensed as consulting fees in the three months ended June 30, 2016.

On June 17, 2016, pursuant to a Consulting and Representation Agreement with an entity consultant dated June 14, 2016 (extended term ending June 14, 2017), the Company issued 1,000,000 shares of common stock to such entity for certain investor relations services to be rendered to the Company. The stock was valued at $200,000 and was expensed as consulting fees in the three months ended June 30, 2016.

NOTE 9 - SUBSEQUENT EVENTS

On July 22, 2016, the Company issued a $166,000 Convertible Promissory Note to Auctus Fund, LLC (“Auctus”) for net loan proceeds of $150,000. The note bears interest at a rate of 10% per annum (24% per annum default rate), is due April 22, 2017, and is convertible at the option of Auctus into shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during the 25 Trading Day period prior to July 22, 2016 or (b) 55% of the lowest Trading Price during the 25 Trading Day period prior to the Conversion Date.

On July 25, 2016, the Company disbursed a total of $140,000 cash: $58,500 in partial repayment of advances from related party Joseph Caywood, $30,000 to an entity for advisory services, $21,500 in payment of certain accounts payable, $20,000 to an individual for certain Mexican mining permits, and $10,000 to an entity to assist the Company in obtaining DTC eligibility for its common stock.

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

The following discussion of the financial condition and results of operations of JPX Global, Inc. (hereafter, “JPEX”, the “Company,” “we,” “our,” or “us”) should be read in conjunction with the Unaudited Financial Statements and related Notes thereto included herein. This discussion may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including, without limitation, statements regarding the Company’s expectations, beliefs, intentions, or future strategies that are signified by the words "expects," "anticipates," "intends," "believes," or similar language. Actual results could differ materially from those projected in the forward looking statements. Prospective investors should carefully consider the information set forth herein, and the Company cautions investors that its business and financial performance is subject to substantial risks and uncertainties.

Overview

On February 5, 2014, the Company entered into an agreement to acquire all of the operating assets of Scorpex, Inc., (“Scorpex”) (an entity related by common control) a Nevada corporation, in exchange for 105,000,000 shares of Common Stock and 10,000,000 shares of Series B Preferred Stock. Scorpex is majority owned and controlled by JPX Global, Inc.’s then controlling shareholder, Joseph Caywood. Each share of Series B preferred stock is convertible into 10 shares of common stock and is entitled to vote ratably together with our common stockholders on all matters upon which common stockholders may vote. The acquired assets consist primarily of a license agreement. We are now exploring the expansion of our business to further develop our operations to capitalize on the opportunities available primarily in Mexico, in the integrated waste, and waste management service operations, including the receiving, storage, transfer and disposal of waste in an environmental manner. In providing these services, we intend to actively pursue projects and initiatives that we believe make a positive difference for our environment which will be focused on gasification of waste in an environmental manner. It is expected that our customer base will include commercial, industrial, municipal and residential customers, other waste management companies, electric utilities, and governmental entity properties. We have not realized any revenues to date. We do not have sufficient capital to enable us to commence and complete our planned program. We will require additional financing in order to conduct the planned program described herein. Our auditors have issued a going concern opinion, raising substantial doubt about the Company's financial prospects, and the Company’s ability to continue as a going concern. As a waste management company, our principal sources of revenue will result from waste management contracts, but will also include revenue from ancillary services related to the handling and conversion of waste. Expenses which comprise the costs of goods sold will include the operational and staffing costs of the trucks and other vehicles used for transporting and special licensing where required. General and administrative expenses will include administrative wages and benefits; occupancy and office expenses; outside legal, accounting and other professional fees; travel and other miscellaneous office and administrative expenses. Selling and marketing expenses will include selling/marketing wages and benefits, advertising and promotional expenses, as well as travel and other miscellaneous related expenses.

The acquired assets consist primarily of a license agreement between Scorpex and Tratamientos Ambientales Scorpion, S.A. de C.V. (a corporation formed under the laws of Mexico) (“TAS”). This license agreement with TAS has been assigned to JPX TAS is a wholly owned subsidiary of Scorpex, and is, therefore, a common control entity. ASC 805-50-30-5 provides guidance on measuring assets and liabilities transferred between entities under common control. As these entities were under common control and the license agreement had no basis on Scorpex’s books they were acquired at their carrying amounts (with no cost basis) on the date of transfer and, therefore, the transaction value was $-0-.

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The future goal of the Company will be to develop a waste services division. The Company has modified its business plan to include the development of waste management services including the storage, recycling, and disposal of waste. 

Our ability to generate revenues during the year 2016 and beyond depends substantially upon the Company’s resources available in order to develop and grow the integrated waste and waste management businesses. Such efforts require significant systems development, marketing and personnel costs, which, in turn, require substantial funding. If we are unable to obtain such funding, its ability to generate revenues will be significantly impaired and we may be unable to continue operations.

Because the Company has incurred losses, income tax expenses are immaterial. No tax benefits have been booked related to operating loss carryforwards, given the uncertainty of the Company being able to utilize such loss carryforwards in future years. We anticipate incurring additional losses during the coming year.

Results of Operations

Following is management’s discussion of the relevant items affecting results of operations for the three and six month periods ended June 30, 2016 and 2015.

Revenues. For the three and six months ended June 30, 2016 and 2015, net revenues were $-0-. The Company expects to generate revenues with the acquisition of the waste management assets previously described. The Company hopes to commence operations during 2016.

Consulting Fees. Consulting fees for the three months ended June 30, 2016 were $600,000 compared to $-0- for the three months ended June 30, 2015. Consulting fees for the six months ended June 30, 2016 were $600,000 compared to $2,050,000 for the six months ended June 30, 2015. During the six months ended June 30, 2016 and 2015 the Company issued 3,000,000 and 2,050,000 shares, respectively, of common stock for services rendered to the Company. The shares were valued at $600,000 and $2,050,000 which represented the market price on the date of issuance.

Professional Fees. Professional fees for the three months ended June 30, 2016 were $22,656 compared to $19,831 for the three months ended June 30, 2015. For the six months ended June 30, 2016, professional fees were $23,208 compared to $39,950 for the six months ended June 30, 2015. Professional fees consist mainly of the fees for the audits and reviews of the Company’s financial statements as well as the filings with the SEC. The Company anticipates that professional fees will increase commensurate with an increase in our operations.

Other General and Administrative Expenses. Other general and administrative expenses for the three months ended June 30, 2016 were $547 compared to $813 for the three months ended June 30, 2015. For the six months ended June 30, 2016, other general and administrative expenses were $794 compared to $1,158 for the six months ended June 30, 2015. We expect that salaries and consulting expenses, that are cash- instead of share-based, will increase as we add personnel to build our waste management business.

Other Income (Expense). The Company had net other expenses of $427 for the three months ended June 30, 2016 compared to $82 for the three months ended June 30, 2015. For the six months ended June 30, 2016, net other expenses were $786 compared to $82 for the six months ended June 30, 2015. Other expenses consist of interest expense on promissory notes issued by the company.

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Liquidity and Capital Resources

As of June 30, 2016, our primary source of liquidity consisted of $89 in cash and cash equivalents. Since inception, we have financed our operations through a combination of short term loans from related parties and through the private placement of our common stock. For the six months ended June 30, 2016, we used $15,494 cash in operating activities and were provided $15,500 cash from financing activities.

We have sustained significant net losses which have resulted in an accumulated deficit at June 30, 2016 of $33,928,122 and are currently experiencing a substantial shortfall in operating capital which raises doubt about our ability to continue as a going concern. Historically, we have funded operating expenses through advances from related parties. We anticipate a net loss for the year ended December 31, 2016 and with the expected cash requirements for the coming months, without additional cash inflows from an increase in revenues combined with continued cost-cutting or a receipt of cash from working capital loans or capital investment, there is substantial doubt as to the Company’s ability to continue operations.

There is presently no agreement in place with any source of additional financing for the Company and we cannot assure you that the Company will be able to raise any additional funds, or that such funds will be available on acceptable terms. Funds raised through future equity financing will likely be substantially dilutive to current shareholders. Lack of additional funds will materially affect the Company and its business, and may cause us to cease operations. Consequently, shareholders could incur a loss of their entire investment in the Company.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a smaller reporting company we are not required to provide this information.

ITEM 4. CONTROLS AND PROCEDURES

Management’s Report on Disclosure Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, to allow for timely decisions regarding required disclosure.

As of June 30, 2016, the end of our quarter covered by this report, we carried out an evaluation, under the supervision of our Chief Executive Officer and Principal Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, we concluded that our disclosure controls and procedures were effective as of the end of the period covered by this quarterly report.

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting (as defined in Rule 13a-15(f) under the Securities Exchange Act, as amended). In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of control procedures. The objectives of internal control include providing

13

management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition, and that transactions are executed in accordance with management’s authorization and recorded properly to permit the preparation of financial statements in conformity with accounting principles generally accepted in the United States. Our management assessed the effectiveness of our internal control over financial reporting as of June 30, 2016. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) in Internal Control-Integrated Framework. Our management has concluded that, as of June 30, 2016, our internal control over financial reporting is effective in providing reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with US generally accepted accounting principles. This quarterly report does not include an attestation report of the Company’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the Company’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management’s report in this quarterly report.

Inherent limitations on effectiveness of controls

Internal control over financial reporting has inherent limitations which include but is not limited to the use of independent professionals for advice and guidance, interpretation of existing and/or changing rules and principles, segregation of management duties, scale of organization, and personnel factors. Internal control over financial reporting is a process which involves human diligence and compliance and is subject to lapses in judgment and breakdowns resulting from human failures. Internal control over financial reporting also can be circumvented by collusion or improper management override. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements on a timely basis, however these inherent limitations are known features of the financial reporting process and it is possible to design into the process safeguards to reduce, though not eliminate, this risk. Therefore, even those systems determined to be effective can provide only reasonable assurance with respect to financial statement preparation and presentation. Projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Changes in Internal Control over Financial Reporting

There have been no significant changes in our internal controls over financial reporting that occurred during the quarter ended June 30, 2016 that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

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PART II

OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

On May 20, 2014, the Company was served a lawsuit regarding a dispute between two of its shareholders. The Company maintained that the plaintiff had no jurisdiction in this lawsuit and that the Company should not be named as a defendant. The lawsuit was dismissed by the court on August 30, 2014 in favor of the Company.

ITEM 1A. RISK FACTORS

As a smaller reporting company, we are not required to provide the information required by this item.

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

During the three months ended June 30, 2016, there were no unregistered sales of equity securities.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5. OTHER INFORMATION

Not applicable.

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ITEM 6. EXHIBITS

The following documents are filed as exhibits to this Form 10-Q:

INDEX TO EXHIBITS

Number	Exhibits
3.1	Amended and Restated Articles of Incorporation (incorporated by reference from our report on form 8-K filed on January 9, 2013).
3.2	Amended and Restated Bylaws (incorporated by reference from our report on form 8-K filed on January 9, 2013).
31	Certification by Chief Executive Officer, James P. Foran, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32	Certification by Chief Executive Officer, James P. Foran, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

16

SIGNATURES

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.

	JPX GLOBAL, INC.
Date: August __, 2016	By: /s/ James P. Foran__________________
	James P. Foran
	Chief Executive Officer

17

EX-31

Exhibit 31

Certification of Chief Executive Officer and Principal Financial Officer

Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

I, James P. Foran, certify that:

1. I have reviewed this quarterly report on Form 10-Q for the quarterly period ended June 30, 2016 of JPX Global, 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. As the registrant's certifying officer, 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;

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: August __, 2016

By: /s/ James P. Foran

James P. Foran

Chief Executive Officer

and Principal Financial Officer

EX-32

Exhibit 32

Certification of Chief Executive Officer and Principal Financial Officer

Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

I, James P. Foran, certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the quarterly report on Form 10-Q for the quarterly period ended June 30, 2016 of JPX Global, Inc. fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of JPX Global, Inc.

Date: August __, 2016

By: /s/ James P. Foran

James P. Foran

Chief Executive Officer

and Principal Financial Officer

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 02, 2016
Document And Entity Information
Entity Registrant Name	JPX Global Inc.
Entity Central Index Key	0001506814
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		170,455,809
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2016

XML

Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 89	$ 83
Total Current Assets	89	83
TOTAL ASSETS	89	83
CURRENT LIABILITIES
Accounts payable and accrued liabilities	39,196	29,902
Advances from related party	254,364	243,864
Notes payable to related party	23,000	18,000
Convertible loan payable - related party	1,500	1,500
Total Current Liabilities	318,060	293,266
TOTAL LIABILITIES	318,060	293,266
STOCKHOLDERS' DEFICIT
Common stock	170,456	167,456
Additional paid-in capital	33,429,694	32,832,694
Accumulated deficit	(33,928,122)	(33,303,334)
Total Stockholders' Deficit	(317,971)	(293,183)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	89	83
Series A Preferred Stock
STOCKHOLDERS' DEFICIT
Preferred stock	1	1
Series B Preferred Stock
STOCKHOLDERS' DEFICIT
Preferred stock	$ 10,000	$ 10,000

XML

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares authorized	40,000,000	40,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	170,455,809	167,455,809
Common stock, shares outstanding	170,455,809	167,455,809
Series A Preferred Stock
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares issued	1,000	1,000
Preferred Stock, shares outstanding	1,000	1,000
Series B Preferred Stock
Preferred Stock, par value	$ 0.001	$ 0.001
Preferred Stock, shares issued	10,000,000	10,000,000
Preferred Stock, shares outstanding	10,000,000	10,000,000

XML

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
NET REVENUES	$ 0	$ 0	$ 0	$ 0
Operating Expenses
Consulting fees	600,000	0	600,000	2,050,000
Professional and accounting fees	22,656	19,831	23,208	39,950
Other general and administrative	547	813	794	1,158
Total Operating Expenses	623,203	20,644	624,002	2,091,108
LOSS FROM OPERATIONS	(623,203)	(20,644)	(624,002)	(2,091,108)
OTHER INCOME (EXPENSES)
Interest expense	(427)	(82)	(786)	(82)
Total Other Income (Expenses)	(427)	(82)	(786)	(82)
NET INCOME (LOSS)	$ (623,630)	$ (20,726)	$ (624,788)	$ (2,091,190)
Net income (loss) per common share - basic and diluted	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.01)
Weighted average common shares outstanding - basic and diluted	168,301,963	167,455,809	167,878,886	166,912,163

XML

Statements of Operations (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Stock-based compensation	$ 600,000	$ 0	$ 600,000	$ 2,050,000

XML

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (624,788)	$ (2,091,190)
Adjustments to reconcile net loss to net cash used by operating activities:
Common stock issued for services	600,000	2,050,000
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	9,294	5,287
Net Cash Used by Operating Activities	(15,494)	(35,903)
CASH FLOWS FROM INVESTING ACTIVITIES:	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from notes payable to related party	5,000	16,000
Proceeds from advances from related party (net)	10,500	19,878
Net Cash Provided by Financing Activities	15,500	35,878
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	6	(25)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	83	342
CASH AND CASH EQUIVALENTS, END OF PERIOD	89	317
Cash Payments For:
Interest	0	0
Taxes	0	0
Non-cash activity:
Common stock issued for services	$ 600,000	$ 2,050,000

XML

NOTE 1 - ORGANIZATION

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

NOTE 1 - ORGANIZATION

NOTE 1 - ORGANIZATION

JPX Global, Inc. (the “Company” or “JPX”) was incorporated under the laws of the state of Nevada on December 18, 2008, with 75,000,000 authorized common shares with a par value of $0.001. On January 3, 2013, the Company approved the action to amend and restate the Articles of Incorporation of the Company and increase the authorized common shares to 500,000,000 and create and authorize 40,000,000 shares of Preferred Stock which was approved by written consent of the holders representing approximately 67% of the outstanding voting securities of the Company. Series A Preferred Stock was created and designated with super-voting rights of 100,000 votes per share of Series A Preferred Stock held, but no conversion, dividend and liquidation rights.

On February 5, 2014, the Company entered into an agreement to acquire all the operating assets of Scorpex, Inc. (“Scorpex”) (an entity related by common control) in exchange for 105,000,000 shares of common stock and 10,000,000 shares of Series B Preferred Stock of the Company. Scorpex is majority owned and controlled by JPX Global, Inc.’s then controlling shareholder, Joseph Caywood. Each share of Series B preferred stock is convertible into 10 shares of common stock and is entitled to vote ratably together with our common stockholders on all matters upon which common stockholders may vote. With the acquisition of these assets, which consist primarily of a license agreement, the Company has modified its business plan to include the development of waste management services including the storage, recycling, and disposal of waste.  The Company does not presently have any waste management operations.

The acquired assets consist primarily of a license agreement between Scorpex and Tratamientos Ambientales Scorpion, S.A. de C.V. (a corporation formed under the laws of Mexico) (“TAS”). This license agreement with TAS has been assigned to JPX. TAS is a wholly owned subsidiary of Scorpex, and is, therefore, a common control entity. ASC 805-50-30-5 provides guidance on measuring assets and liabilities transferred between entities under common control. As these entities are under common control and the license agreement had no basis on Scorpex’s books they are being acquired at their carrying amounts (with no cost basis) on the date of transfer and, therefore, the transaction value is $-0-.

The license agreement was dated July 30, 2011 and provided Scorpex with an exclusive worldwide license for the permits, property, and any and all of TAS’s other assets necessary for the business of storing, recycling, disposing, and treating waste in Mexico for a term of 10 years. The agreement also provided for Scorpex’s annual payment to TAS of 20% of its Net Revenues (gross cash receipts less cost of processing and other expenses excluding general, administrative, interest, and taxes) from the license. Pursuant to the Assignment Consent dated February 3, 2014, TAS agreed to extend the term of the agreement every 10 years if operations have commenced pursuant to the license agreement.

XML

NOTE 2 - BASIS OF FINANCIAL STATEMENT PRESENTATION

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE 2 - BASIS OF FINANCIAL STATEMENT PRESENTATION

NOTE 2 - BASIS OF FINANCIAL STATEMENT PRESENTATION

The accompanying unaudited financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted in accordance with such rules and regulations. The information furnished in the interim financial statements includes normal recurring adjustments and reflects all adjustments, which, in the opinion of management, are necessary for a fair presentation of such financial statements. Although management believes the disclosures and information presented are adequate to make the information not misleading, it is suggested that these interim financial statements be read in conjunction with the Company’s audited financial statements and notes thereto included in its Form 10-K for the year ended December 31, 2015. Operating results for the six months ended June 30, 2016 are not necessarily indicative of the results to be expected for the year ending December 31, 2016.

XML

NOTE 3 - GOING CONCERN

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NOTE 3 - GOING CONCERN

NOTE 3 - GOING CONCERN

The accompanying financial statements have been prepared assuming that the company will continue as a going concern. The company does not have sufficient working capital for its planned activity, and to service its debt, which raises substantial doubt about its ability to continue as a going concern. The Company has incurred accumulated losses of $33,928,122 from inception (December 18, 2008) through June 30, 2016.

Continuation of the company as a going concern is dependent upon obtaining additional working capital and the management of the company has developed a strategy which it believes will accomplish this objective through short term loans from related parties, and additional equity investments, which will enable the company to continue operations for the coming year. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

XML

NOTE 4 - NET INCOME (LOSS) PER COMMON SHARE

6 Months Ended

Jun. 30, 2016

Noncontrolling Interest [Abstract]

NOTE 4 - NET INCOME (LOSS) PER COMMON SHARE

NOTE 4 – NET INCOME (LOSS) PER COMMON SHARE

The Company follows ASC Topic 260 to account for the earnings per share. Basic earnings per common share (“EPS”) calculations are determined by dividing net income by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per common share calculations are determined by dividing net income by the weighted average number of common shares and dilutive common share equivalents outstanding.

For the six months ended June 30, 2016, the common shares underlying the following dilutive securities were excluded from the calculation of diluted shares outstanding as the effect of their inclusion would be anti-dilutive:

	Common Shares Issuable
Convertible loan payable – related party	1,500,000
Series B Preferred Stock	100,000,000
Total common shares issuable	101,500,000

XML

NOTE 5 - ADVANCES FROM RELATED PARTY

6 Months Ended

Jun. 30, 2016

Investments in and Advances to Affiliates, Schedule of Investments [Abstract]

NOTE 5 - ADVANCES FROM RELATED PARTY

NOTE 5 - ADVANCES FROM RELATED PARTY

The advances from related party liability at June 30, 2016 ($254,364) and December 31, 2015 ($243,864) is due to Joseph Caywood, significant stockholder of the Company. The liability is non-interest bearing and there are no terms of repayment.

XML

NOTE 6 - NOTES PAYABLE TO RELATED PARTY

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

NOTE 6 - NOTES PAYABLE TO RELATED PARTY

NOTE 6 - NOTES PAYABLE TO RELATED PARTY

The notes payable to related party at June 30, 2016 ($23,000) is due to Mitchell Dean Hovendick, significant stockholder of the Company, and consist of:

Promissory note dated May 20, 2015, interest at 8% per annum, interest and principal due November 20, 2015	$	8,000
Promissory note dated June 24, 2015, interest at 8% per annum, interest and principal due December 24, 2015		8,000
Promissory note dated November 15, 2015, interest at 8% per annum, interest and principal due May 15, 2016		2,000
Promissory note dated April 15, 2016, interest at 8% per annum, interest and principal due October 12, 2016		3,000
Promissory note dated May 21, 2016, interest at 8% per annum, interest and principal due November 17, 2016		2,000
Total	$	23,000

XML

NOTE 7 - CONVERTIBLE LOAN PAYABLE - RELATED PARTY

6 Months Ended

Jun. 30, 2016

Brokers and Dealers [Abstract]

NOTE 7 - CONVERTIBLE LOAN PAYABLE - RELATED PARTY

NOTE 7 - CONVERTIBLE LOAN PAYABLE - RELATED PARTY

On December 18, 2008, the company entered into a Promissory Note agreement with the former CEO of the Company. The note is for a sum of $1,500, is non interest bearing, and was due and payable on December 31, 2010. The note provides that if the note was not paid on December 31, 2010, the note can be converted to shares of common stock of the Company for $.001 per share. On January 3, 2013, this note was assigned to Joseph Caywood, the then controlling shareholder of JPX. The Company and Joseph Caywood have verbally agreed that the Company will pay the loan off as it is able to without penalty, and Joseph Caywood will not convert the debt into shares of common stock. As of June 30, 2016 and December 31, 2015, the balance of the loan is $1,500.

XML

NOTE 8 - CAPITAL STOCK

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

NOTE 8 - CAPITAL STOCK

NOTE 8 - CAPITAL STOCK

On January 6, 2014, the Company issued 1,000 shares of Series A preferred stock as security for outstanding debts of the Company owed to Joseph Caywood. Although the preferred stock carries no dividend, distribution, liquidation or conversion rights, each share of Series A preferred stock carries one hundred thousand (100,000) votes, and holders of our Series A preferred stock are able to vote together with our common stockholders on all matters upon which common stockholders may vote.

On February 5, 2014 (see Note 1 above), the Company entered into an agreement to acquire all the operating assets of Scorpex, Inc. (“Scorpex”) (an entity related by common control) in exchange for 105,000,000 shares of common stock and 10,000,000 shares of Series B preferred stock of the Company. Scorpex is majority owned and controlled by JPX Global, Inc.’s significant shareholder, Joseph Caywood. The Series B preferred stock is convertible into 10 shares of common stock and is entitled to vote ratably together with our common stockholders on all matters upon which common stockholders may vote.

On February 17, 2015, pursuant to a Consulting Agreement with Joseph Caywood dated January 1, 2015 (term ended March 31, 2015), the Company issued a total of 2,050,000 shares of common stock to 18 individuals/entities for services rendered to the Company. The stock was valued at $2,050,000 and was expensed as consulting fees in the three months ended March 31, 2015.

On July 1, 2016, pursuant to a Consulting Services Agreement with an individual consultant dated June 1, 2016 (term ending November 30, 2016), the Company issued 2,000,000 shares of common stock to such individual for certain marketing consulting services to be rendered to the Company. The stock was valued at $400,000 and was expensed as consulting fees in the three months ended June 30, 2016.

On June 17, 2016, pursuant to a Consulting and Representation Agreement with an entity consultant dated June 14, 2016 (extended term ending June 14, 2017), the Company issued 1,000,000 shares of common stock to such entity for certain investor relations services to be rendered to the Company. The stock was valued at $200,000 and was expensed as consulting fees in the three months ended June 30, 2016.

XML

NOTE 9 - SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

NOTE 9 - SUBSEQUENT EVENTS

NOTE 9 – SUBSEQUENT EVENTS

On July 22, 2016, the Company issued a $166,000 Convertible Promissory Note to Auctus Fund, LLC (“Auctus”) for net loan proceeds of $150,000. The note bears interest at a rate of 10% per annum (24% per annum default rate), is due April 22, 2017, and is convertible at the option of Auctus into shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during the 25 Trading Day period prior to July 22, 2016 or (b) 55% of the lowest Trading Price during the 25 Trading Day period prior to the Conversion Date.

On July 25, 2016, the Company disbursed a total of $140,000 cash: $58,500 in partial repayment of advances from related party Joseph Caywood, $30,000 to an entity for advisory services, $21,500 in payment of certain accounts payable, $20,000 to an individual for certain Mexican mining permits, and $10,000 to an entity to assist the Company in obtaining DTC eligibility for its common stock.

XML

NOTE 4 - NET INCOME (LOSS) PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2016

Noncontrolling Interest [Abstract]

Common shares issuable

	Common Shares Issuable
Convertible loan payable – related party	1,500,000
Series B Preferred Stock	100,000,000
Total common shares issuable	101,500,000

XML

NOTE 6 - NOTES PAYABLE TO RELATED PARTY (Tables)

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Notes payable to related party

Promissory note dated May 20, 2015, interest at 8% per annum, interest and principal due November 20, 2015	$	8,000
Promissory note dated June 24, 2015, interest at 8% per annum, interest and principal due December 24, 2015		8,000
Promissory note dated November 15, 2015, interest at 8% per annum, interest and principal due May 15, 2016		2,000
Promissory note dated April 15, 2016, interest at 8% per annum, interest and principal due October 12, 2016		3,000
Promissory note dated May 21, 2016, interest at 8% per annum, interest and principal due November 17, 2016		2,000
Total	$	23,000

XML

NOTE 4 - NET INCOME (LOSS) PER COMMON SHARE - Common shares issuable (Details) (USD $)	6 Months Ended
	Jun. 30, 2016 shares
Total common shares issuable	101,510,000
Convertible loan payable - related party
Common shares issuable	1,500,000
Series B Preferred Stock
Common shares issuable	100,000,000

XML

NOTE 6 - NOTES PAYABLE TO RELATED PARTY - Notes payable to related party (Details) (USD $) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Notes payable	$ 1,500	$ 1,500
Promissory note dated May 20, 2015
Notes payable	8,000
Promissory note dated June 24, 2015
Notes payable	8,000
Promissory note dated November 15, 2015
Notes payable	2,000
Promissory note dated April 21, 2016
Notes payable	3,000
Promissory note dated May 21, 2016
Notes payable	$ 2,000

XML

NOTE 1 - ORGANIZATION (Details Narrative) (USD $) - USD ($)

12 Months Ended

Dec. 31, 2014

Dec. 31, 2013

Jun. 30, 2016

Dec. 31, 2015

Feb. 05, 2014

Jan. 03, 2013

Dec. 19, 2008

Common stock, authorized

500,000,000

500,000,000

Common stock, par value

$ 0.001

$ 0.001

Preferred stock, authorized

40,000,000

40,000,000

Common stock, issued

170,455,809

167,455,809

Agreement to acquire all assets of Scorpex, Inc.

Common stock, issued

105,000,000

Preferred stock, issued

10,000,000

Incorporation of JPX Global, Inc.

Common stock, authorized

500,000,000

75,000,000

Common stock, par value

$ 0.001

Preferred stock, authorized

40,000,000

Preferred stock. votes per share

JPX Global, Inc. (the “Company” or “JPX”) was incorporated under the laws of the state of Nevada on December 18, 2008, with 75,000,000 authorized common shares with a par value of $0.001. On January 3, 2013, the Company approved the action to amend and restate the Articles of Incorporation of the Company and increase the authorized common shares to 500,000,000 and create and authorize 40,000,000 shares of Preferred Stock which was approved by written consent of the holders representing approximately 67% of the outstanding voting securities of the Company. Series A Preferred Stock was created and designated with super-voting rights of 100,000 votes per share of Series A Preferred Stock held, but no conversion, dividend and liquidation rights.

Agreement to acquire all assets of Scorpex, Inc.

Preferred stock. votes per share

The acquired assets consist primarily of a license agreement between Scorpex and Tratamientos Ambientales Scorpion, S.A. de C.V. (a corporation formed under the laws of Mexico) (“TAS”). This license agreement with TAS has been assigned to JPX. TAS is a wholly owned subsidiary of Scorpex, and is, therefore, a common control entity. ASC 805-50-30-5 provides guidance on measuring assets and liabilities transferred between entities under common control. As these entities are under common control and the license agreement had no basis on Scorpex’s books they are being acquired at their carrying amounts (with no cost basis) on the date of transfer and, therefore, the transaction value is $-0-.

The license agreement was dated July 30, 2011 and provided Scorpex with an exclusive worldwide license for the permits, property, and any and all of TAS’s other assets necessary for the business of storing, recycling, disposing, and treating waste in Mexico for a term of 10 years. The agreement also provided for Scorpex’s annual payment to TAS of 20% of its Net Revenues (gross cash receipts less cost of processing and other expenses excluding general, administrative, interest, and taxes) from the license. Pursuant to the Assignment Consent dated February 3, 2014, TAS agreed to extend the term of the agreement every 10 years if operations have commenced pursuant to the license agreement.

Value of acquired assets

$ 0

XML

NOTE 3 - GOING CONCERN (Details Narrative)	Jun. 30, 2016 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated losses	$ 33,928,122

XML

NOTE 5 - ADVANCES FROM RELATED PARTY (Details Narrative) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Investments in and Advances to Affiliates, Schedule of Investments [Abstract]
Advances from related parties	$ (254,364)	$ (243,864)

XML

NOTE 6 - NOTES PAYABLE TO RELATED PARTY (Details Narrative) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Notes payable to related party	$ (23,000)	$ (18,000)

XML

NOTE 7 - CONVERTIBLE LOAN PAYABLE - RELATED PARTY (Details Narrative) - USD ($)

6 Months Ended

Jun. 30, 2016

Dec. 31, 2015

Dec. 18, 2008

Debt Disclosure [Abstract]

Convertible promissory note

$ 1,500

Convertible promissory note balance

$ 1,500

$ 1,500

Terms of convertible note

On December 18, 2008, the company entered into a Promissory Note agreement with the former CEO of the Company. The note is for a sum of $1,500, is non interest bearing, and was due and payable on December 31, 2010. The note provides that if the note was not paid on December 31, 2010, the note can be converted to shares of common stock of the Company for $.001 per share. On January 3, 2013, this note was assigned to Joseph Caywood, the then controlling shareholder of JPX. The Company and Joseph Caywood have verbally agreed that the Company will pay the loan off as it is able to without penalty, and Joseph Caywood will not convert the debt into shares of common stock. As of June 30, 2016 and December 31, 2015, the balance of the loan is $1,500.

XML

NOTE 8 - CAPITAL STOCK (Details Narrative) (USD $) - USD ($)

6 Months Ended

9 Months Ended

12 Months Ended

Jun. 30, 2016

Jun. 30, 2015

Sep. 30, 2016

Dec. 31, 2015

Dec. 31, 2014

Feb. 05, 2014

Jan. 06, 2014

Common stock issued for services, per share value

$ 0.001

$ 0.001

Common stock, authorized

500,000,000

500,000,000

Common stock issued for services, value

$ 600,000

$ 2,050,000

Preferred stock, authorized

40,000,000

40,000,000

Common stock issued, shares

170,455,809

167,455,809

Series A Stock issued for outstanding debt

Preferred stock, authorized

1,000

Preferred Stock, votes per share

Although the preferred stock carries no dividend, distribution, liquidation or conversion rights, each share of Series A preferred stock carries one hundred thousand (100,000) votes, and holders of our Series A preferred stock are able to vote together with our common stockholders on all matters upon which common stockholders may vote.

Common stock issued, value

$ 100,000

Agreement to acquire all assets of Scorpex, Inc.

Common stock issued, shares

105,000,000

Preferred stock issued, shares

10,000,000

Consulting Agreement with Joseph Caywood

Common stock issued for services, shares

2,050,000

Common stock issued for services, value

$ 2,050,000

Consulting Agreement with and individual consultant

Common stock issued for services, shares

2,000,000

Common stock issued for services, value

$ 400,000

Consulting and Representation Agreement with and entity consultant

Common stock issued for services, shares

1,000,000

Common stock issued for services, value

$ 200,000

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NOTE 9 - SUBSEQUENT EVENTS (Details Narrative) - USD ($)

6 Months Ended

9 Months Ended

Jun. 30, 2016

Sep. 30, 2016

Jul. 25, 2016

Jul. 22, 2016

Dec. 31, 2015

Convertible promissory note

$ 1,500

$ 1,500

Terms of convertible note

On December 18, 2008, the company entered into a Promissory Note agreement with the former CEO of the Company. The note is for a sum of $1,500, is non interest bearing, and was due and payable on December 31, 2010. The note provides that if the note was not paid on December 31, 2010, the note can be converted to shares of common stock of the Company for $.001 per share. On January 3, 2013, this note was assigned to Joseph Caywood, the then controlling shareholder of JPX. The Company and Joseph Caywood have verbally agreed that the Company will pay the loan off as it is able to without penalty, and Joseph Caywood will not convert the debt into shares of common stock. As of June 30, 2016 and December 31, 2015, the balance of the loan is $1,500.

Auctus Fund, LLC

Convertible promissory note

$ 166,000

Terms of convertible note

On July 22, 2016, the Company issued a $166,000 Convertible Promissory Note to Auctus Fund, LLC (“Auctus”) for net loan proceeds of $150,000. The note bears interest at a rate of 10% per annum (24% per annum default rate), is due April 22, 2017, and is convertible at the option of Auctus into shares of the Company common stock at a Conversion Price equal to the lesser of (a) 55% of the lowest Trading Price during the 25 Trading Day period prior to July 22, 2016 or (b) 55% of the lowest Trading Price during the 25 Trading Day period prior to the Conversion Date.

Repayment of advances

Convertible promissory note

$ 140,000