10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934

For the quarterly period ended September 30, 2016

¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to ___________

Commission File Number: 000-55659

BUSCAR COMPANY

(Exact Name of Registrant as Specified in its Charter)

Nevada	69-0681435
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

4325 Glencoe Ave Ste C9-9903

Marina Del Rey, CA 90292

(Address of Principal Executive Offices) (Zip Code)

Registrant's telephone number including area code: (661) 418-7842

N/A

Former name, former address, and former fiscal year, if changed since last report

Indicate by check mark whether the registrant (1) 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, a 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.

Larger accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	¨	Smaller reporting company	x

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

As of November 11, 2016, there were 16,771,321 shares of the issuer’s common stock, $0.0001 par value per share, outstanding.
 

PART I – FINANCIAL INFORMATION

ITEM 1. CONDENSED FINANCIAL STATEMENTS.

BUSCAR COMPANY. 

Condensed Consolidated Balance Sheets

	September 30,			March, 31
	2016			2016
	(Unaudited)
ASSETS
CURRENT ASSETS
Cash	$	546,957		$	-
Total Current Assets		546,957			-
Thoroughbreds, net		97,070			-
TOTAL ASSETS	$	644,027		$	-
LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT)
CURRENT LIABILITIES
Accrued liabilities	$	485		$	5,485
Due to related parties		136,037			40,171
Contingent liabilities		177,270			177,270
Total Current Liabilities		313,792			222,926
TOTAL LIABILITIES	$	313,792		$	222,926
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, par value $0.0001; authorized 50,000,000 shares authorized;
Series A preferred stock, $0.0001 par value, 10,000,000 shares designated; 8,000,000 shares issued and outstanding at September 30, 2016 and March 31, 2016, respectively		800			800
Series B preferred stock, $0.0001 par value, 10,000,000 shares designated; 9,965,000 and 0 shares issued and outstanding at September 30, 2016 and March 31, 2016, respectively		997			-
Common stock, $0.0001 par value, 500,000,000 shares authorized; 16,771,321 and 372,375 shares issued and outstanding at September 30, 2016 and March 31, 2016, respectively		1,677			37
Additional paid-in capital		17,384,888			15,037,628
Accumulated deficit		(17,058,127	)		(15,261,391	)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	$	330,235		$	(222,926	)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$	644,027		$	-

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

 

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BUSCAR COMPANY. 

Condensed Consolidated Statements of Operations 

(Unaudited)

	Three Months Ended September 30,						Six Months Ended September 30,
	2016			2015			2016			2015
Costs and expenses:
Management and consulting fees	$	1,228,500		$	-		$	1,753,500		$	126,746
General and administrative		27,723			10,000			41,839			40,656
Total expenses		1,256,223			10,000			1,795,339			167,402
Loss from operations		(1,256,223	)		(10,000	)		(1,795,339	)		(167,402	)
Loss before income taxes		(1,256,223	)		(10,000	)		(1,795,339	)		(167,402	)
Provision for income taxes		-			-			-			-
Net loss	$	(1,256,223	)	$	(10,000	)	$	(1,795,339	)	$	(167,402	)
Deemed dividend on Series B convertible preferred stock		(1,397	)		-			(1,397	)		-
Net loss attributable to common stockholders		(1,257,620	)		(10,000	)		(1,796,736	)		(167,402	)
Net loss per common share: Basic and diluted	$	(0.10	)	$	(0.03	)	$	(0.14	)	$	(0.78	)
Weighted average common shares outstanding: Basic and diluted		12,532,916			368,625			12,532,916			215,284

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

 

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BUSCAR COMPANY. 

Condensed Consolidated Statements of Cash Flows 

(Unaudited)

	Six Months Ended September 30,
	2016			2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(1,795,339	)	$	(167,402	)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation		1,753,500			132,000
Depreciation		7,788			-
Changes in operating assets and liabilities:
Accrued liability		(5,000	)		40,656
Due to related parties		-			(5,254	)
Net Cash Used in Operating Activities		(39,051	)		-
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of thoroughbred		(104,858	)		-
Net cash used in Investing Activities		(104,858	)		-
CASH FLOWS FROM FINANCING ACTIVITIES
Common stock issued		595,000			-
Loans from related party		191,796			-
Repayments of loans from related party		(95,930	)		-
Net cash provided by Financing Activities		690,866			-
Net cash increase for period		546,957			-
Cash at beginning of period		-			-
Cash at end of period	$	546,957		$	-
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes	$	-		$	-
Cash paid for interest	$	-		$	-
NON CASH INVESTING AND FINANCING ACTIVITIES
Series B Preferred shares issued to CEO	$	1,000		$	-
Conversion of Series B Preferred stock into common stock	$	1,400		$	-

The accompanying notes are an integral part of these unaudited condensed consolidated interim financial statements.

 

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Buscar Company 

Notes to Unaudited Condensed Consolidated Financial Statements

Note 1 – Business

Buscar Company. ("Buscar", "we", "us", "our", the "Company") was incorporated in Nevada as Cascade Springs Ltd. on January 19, 2010.  In 2012, we amended our Articles of Incorporation to change our name to Colorado Gold Mines, Inc. On June 18, 2014, changed our name to Buscar Oil, Inc. On May 19, 2015, the Company changed it's name to Buscar Company. On April 22, 2016, Buscar incorporated a wholly-owned California subsidiary, Buscar Stables, Inc. ("Buscar Stables"). Buscar is domiciled in the state of Colorado, and its corporate headquarters are located in Los Angeles, CA. The Company selected March 31 as its fiscal year end.

The Company's primary business is the breeding and selling of thoroughbreds, through its wholly owned subsidiary Buscar Stables. The Company will breed in California.  The Company expects that it will need to raise $5,500,000 to fully execute its breeding program.  The breeding program consists of the Company acquiring broodmares and paying stud fees to farms who own the studs.  The breeding season typically runs from February through May.  Under the rules of racing, every foal (a baby thoroughbred) is given a birthday of January 1 of the year of its birth regardless of its actual date of birth.  The Company will generate revenue from its breeding operations through the sale of the foals and purse winnings from the foals the Company keeps.  While the Company is building its breeding operations, the Company will own and manage thoroughbreds that will race in allowance or stakes races.  This will allow the Company to begin to develop relationships with other owners and trainers for the benefit of its breeding operations. 

Note 2 – Summary of Significant Accounting Policies

Basis of Presentation of Interim Financial Statements

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the six months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending March 31, 2017. Notes to the interim unaudited condensed consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year ended March 31, 2016 have been omitted. This report should be read in conjunction with the audited consolidated financial statements and the footnotes thereto for the fiscal year ended March 31, 2016 included in the Company's Form 10-K as filed with the Securities and Exchange Commission on July 15, 2016.

Consolidation Policy

For September 30, 2016, the unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiary, Buscar Stables, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.

 

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Thoroughbreds

The Company depreciates thoroughbreds via straight-line depreciation over its useful life of 3 years.

The thoroughbreds are stated at the lower of cost or market value. The cost was deemed to be the best evidence of market value and the company's thoroughbreds were therefore stated at cost. Costs of maintaining horses prior to maturity and entered into a race or disposition are capitalized as additional costs of the horse. When a horse is sold or otherwise disposed of, the cost and associated accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized in the statement of operations.

The company evaluates the recoverability of its Long Term Assets in accordance with ASC topic 360, which requires recognition of impairments of long lived assets in the event an indication of impairment exists and the net book value of such assets exceeds the expected future value net cash flows attainable to such assets. The Company did not recognize any impairment losses for any periods presented.

	September 30, 2016			March 31, 2016
Thoroughbreds	$	104,858		$	-
Accumulated depreciation		(7,788	)		-
Thoroughbreds - net		97,070			-

Thoroughbred Revenue Recognition

The Company pursues opportunities to realize revenues from a principal activity: breeding the thoroughbreds. It is the Company's policy that revenues and gains will be recognized in accordance with ASC Topic 605-10-25, "Revenue Recognition." Under ASC Topic 605-10-25, revenue earning activities such as selling the horses and the Company has substantially accomplished all it must do to be entitled to the benefits represented by the revenue. Gains or losses from the sale of the horses are recognized when the horse is sold, and the cost and associated accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized in the statement of operations.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Note 3 – Going Concern

These unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these unaudited condensed consolidated financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At September 30, 2016, the Company had not yet achieved profitable operations, has accumulated losses of $17,058,127 since its inception, has a working capital of $233,165 and expects to incur further losses in the development of its business, all of which raise substantial doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available or on terms acceptable to the Company.

 

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Note 4 – Due to Related Parties

During the six months ended September 30, 2016, the Company borrowed a total amount of $191,796 from a shareholder, who is also married to our CEO of the Company, and repaid $88,430 for payments of operating expenses and purchase of thoroughbreds.  As of September 30, 2016, the Company recorded due to a shareholder of $130,166.

During the six months ended September 30, 2016, the Company repaid $7,500 to a shareholder, who is also a former officer of the Company. As of September 30, 2016, the Company recorded due to shareholder of $5,871 for payments of operating expense on behalf of the Company.

As of September 30, 2016 and March 31, 2016, the Company owed related parties $136,037 and $40,171, respectively.

Note 5 – Commitments and Contingencies

As of September 30, 2016, the Company had a total of $313,792 of outstanding liabilities. As of this date, the Company recognized $177,270 of outstanding liabilities related to previous Company directors, Robert Sawatsky and Kelly Fielder. The Company's legal counsel believes that the outstanding liabilities are expected to be paid back to the previous Company directors, Robert Sawatsky and Kelly Fielder, who had originally loaned money to the Company. However, there has been no resolution of this event.

Note 6 – Equity

On July 7, 2016, the Company filed Amended and Restated Articles of Incorporation with the Nevada Secretary of State to amend the par value of preferred stock and common stock to $0.0001. Preferred share and common share amounts in these financial statements have been retroactively adjusted to reflect this change in par value.

Preferred Stock

The Company has authorized 50,000,000 preferred shares with a par value of $0.0001 per share. Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes.

Series A Preferred Stock

The Company has designated 10,000,000 preferred shares of Series A Preferred Stock with a par value of $0.0001 per share. As at September 30, 2016 and March 31, 2016, the Company had 8,000,000 shares of Series A Preferred Stock issued and outstanding.

Series B Preferred Stock

The Company has designated 10,000,000 preferred shares of Series B Preferred Stock with a par value of $0.0001 per share.

During the six months ended September 30, 2016, 10,000,000 shares of Series B Preferred Stock were issued to our CEO for the par value as there is no stated value.

During the six months ended September 30, 2016, 35,000 shares of Series B Preferred Stock were converted at rate of 1 preferred share to 400 common shares, resulting in the issuance of 14,000,000 shares of common stock, for a value of $1,400, of which $1,397 was recorded as a deemed dividend.

As at September 30, 2016 and March 31, 2016, the Company had 9,965,000 and 0 shares of Series B Preferred Stock issued and outstanding, respectively.

 

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Common Stock

The Company has authorized 500,000,000 shares of common stock with a par value of $0.0001 per share.

During the six months ended September 30, 2016, the Company issued common shares, as follows:

· 1,897,500 shares for services, with a fair value of $1,753,500 as compensation

· 500,643 shares were sold for cash for a consideration of $595,000

· 803 shares for rounding up adjustment of reverse split.

· 14,000,000 shares were issued for the conversion of 35,000 shares of Series B Preferred Stock.

As of September 30, 2016 and March 31, 2016, the Company had 16,771,321 and 372,375 shares of common stock issued and outstanding, respectively.

Note 7 – Subsequent events

On November 7, 2016, the Company began attending the Keeneland November sale.  At the auction the Company acquired Milania (Hip 13) for $310,000 and Sweet Dreams (Hip 80) for $180,000. The Company acquired the mares through our bloodstock agents and owns 100% of each mare.  The mares are the initial acquisition on the part of the company to build out its breeding division.  Both mares are currently pregnant and expected to deliver in February or March 2017. The mares were transported from Keeneland (which is located in Keeneland, Kentucky) to a farm outside of Lexington, Kentucky. The Company’s goal is to sell the mares offspring at the Keeneland November 2017 and to stud the mares again in March/April 2017.

Milania (Hip 13) is carrying a colt sired by Pioneerof the Nile.  She is expected to give birth in February or March 2017. Pioneerof the Nile is among the leading sires with 4 crops of racing age that includes the following: 329 foals, 174 starters, 16 black-type winners, 128 winners of 271 races and earnings of $19,914,401, including triple crown champion American Pharoah. Pioneerof the Nile’s colt weanlings have so far sold for an average of $360,000 in 2016. The Company expects to sell her offspring as a weanling at the 2017 November sale and stud her to a new sire in March 2017.  Milania was sired by Bernardini who was a Champion 3-year-old colt who won $3,060,480 including the Preakness. Milania’s dam is Keeper Hill who won $1,661,281 and multiple stakes races including the Kentucky Oaks.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operation

The discussion and analysis of our financial condition and results of operations are based on our financial statements, which we have prepared in accordance with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported revenues and expenses during the reporting periods. On an ongoing basis, we evaluate estimates and judgments, including those described in greater detail below. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

As used in this "Management's Discussion and Analysis of Financial Condition and Results of Operation," except where the context otherwise requires, the term "we," "us," or "our," refers to the business of Buscar Company.

Critical Accounting Policies and Estimates

Our significant accounting policies are described in the notes to our accompanying financial statements.

Pursuant to the JOBS Act of 2012, as an emerging growth company, we can elect to opt out of the extended transition period for any new or revised accounting standards that may be issued by the PCAOB or the SEC.

We have elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, we, as an emerging growth company, can adopt the standard for the private company. This may make comparison of our financial statements with any other public company which is not either an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible as possible different or revised standards may be used.

Although we are still evaluating the JOBS Act, it currently intends to take advantage of some or all of the reduced regulatory and reporting requirements that will be available to it so long as it qualifies as an "emerging growth company". We have elected not to opt out of the extension of time to comply with new or revised financial accounting standards available under Section 102(b) of the JOBS Act. Among other things, this means that our independent registered public accounting firm will not be required to provide an attestation report on the effectiveness of our internal control over financial reporting so long as it qualifies as an emerging growth company, which may increase the risk that weaknesses or deficiencies in the internal control over financial reporting go undetected. Likewise, so long as it qualifies as an emerging growth company, we may elect not to provide certain information, including certain financial information and certain information regarding compensation of executive officers that would otherwise have been required to provide in filings with the SEC, which may make it more difficult for investors and securities analysts to evaluate us. As a result, investor confidence in us and the market price of our common stock may be adversely affected.

Use of Estimates

Financial statements prepared in accordance with U.S. GAAP require management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Among other things, management makes estimates relating to the fair value of financial instruments and the valuation allowance related to deferred income tax assets. Actual results could differ from those estimates.

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Stock-Based Compensation

We periodically issue stock options and warrants to employees and non-employees in non-capital raising transactions for services and for financing costs. We account for stock option and warrant grants issued and vesting to employees based on Financial Accounting Standards Board (FASB) ASC Topic 718, "Compensation - Stock Compensation", whereas the award is measured at its fair value at the date of grant and is amortized ratably over the service period. We account for stock option and warrant grants issued and vesting to non-employees in accordance with ASC Topic 505, "Equity", whereas the value of the stock compensation is based upon the measurement date as determined at either (a) the date at which a performance commitment is reached, or (b) at the date at which the necessary performance to earn the equity instruments is complete.

Results of Operations and Financial Condition for the three and six months ended September 30, 2016 and 2015

	Three Months Ended September 30,						Six Months Ended September 30,
	2016			2015			2016			2015
Costs and expenses:
Management and consulting fees	$	1,228,500		$	-		$	1,753,500		$	126,746
General and administrative		27,723			10,000			41,839			40,656
Total expenses		1,256,223			10,000			1,795,339			167,402
Loss from operations		(1,256,223	)		(10,000	)		(1,795,339	)		(167,402	)
Loss before income taxes		(1,256,223	)		(10,000	)		(1,795,339	)		(167,402	)
Provision for income taxes		-			-			-			-
Net loss	$	(1,256,223	)	$	(10,000	)	$	(1,795,339	)	$	(167,402	)

We have not generated any revenues as of September 30, 2016.

Operating expense increased to $1,256,223 from $10,000 for the three months ended September 30, 2016 and 2015, respectively. The increase in operating expenses is primarily due to the increase in management and consulting fees that resulted from stock based compensation issuances.

Operating expense increased to $1,795,339 from $167,402 for the six months ended September 30, 2016 and 2015, respectively. The increase in operating expenses is primarily due to the increase in management and consulting fees that resulted from stock based compensation issuances.

There is no assurance that we will ever be profitable. The financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should we be unable to continue as a going concern.

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Liquidity and Capital Resources

	September 30,		March, 31
	2016		2016
	(unaudited)
ASSETS
CURRENT ASSETS
Cash	$	546,957	$	-
Total Current Assets		546,957		-
Thoroughbreds, net		97,070		-
TOTAL ASSETS	$	644,027	$	-
LIABILITIES & STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Due to related parties	$	136,037	$	40,171
Accrued liabilities		485		5,485
Contingent liabilities		177,270		177,270
Total Current Liabilities		313,792		222,926
TOTAL LIABILITIES	$	313,792	$	222,926

As of September 30, 2016 and March 31, 2016, we had cash of $546,957 and $0 respectively. Our cash position is insufficient and as such we plan to raise additional debt and equity financing to meet our obligations as they become due.

Off-Balance Sheet Arrangements

We did not have any off balance sheet arrangements as of September 30, 2016.

Timing needs for Funding

Immediate needs (current through December 2016)

$1,375,000: This capital is intended to be used to acquire broodmares and weanlings. The $1,375,000 is broken down as follows: $600,000 to acquire broodmares and weanlings, $375,000 for stud fees, $141,000 for reserve for fees associated with the thoroughbreds acquired (i.e. training and vet) and $250,000 in working capital. The Company expects the monthly costs of the thoroughbreds to be approximately $5,000 per month. The Company’s reserve of $141,000 is for the thoroughbred’s monthly costs.

The Company will be attending auctions in November 2016 with the intent of acquiring weanlings that can be resold in September 2017 auctions and broodmares that can be resold in November 2017 after being studded to a top Kentucky stallion. This will allow the company to begin generating revenue from its breeding operation next year.

The Company expects its on-going monthly expenses directly associated to the thoroughbreds in its breeding division to be approximately $10 to $17 per day for each broodmare.

The expenses directly associated to each thoroughbred acquired are $10-$17 per day depending on the trainer and the vet needs of each thoroughbred. The Company's current monthly burn rate is between $18,000 – 20,000 per month, which includes approximately $2,000 for training fees associated with the Company’s thoroughbreds, $15,000 is general corporate expenses and approximately $2,000 associated with being a reporting company. The Company's monthly burn rate consists of the direct costs of the thoroughbreds the Company has acquired (such as training and vet fees) and the expected on-going general expenses of the Company (such as filing fees, audits and general administrative expenses).

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The Company has included the $141,000 reserve since the Company expects it will take approximately 12-24 months from the date a broodmare is acquired before revenue may be generated from sale of foal, depending if the foal is sold as a yearling or 2-year-old. The Company expects to begin generating revenue within 12 -24 months of the acquisition of the broodmare as such the on-going monthly burn rate should be covered by the revenue generated from the sale of foals. However, there is no guarantee that the Company's revenue would be able to cover the Company's monthly burn rate.

If the Company's revenue is not sufficient to cover the monthly burn rate, the Company would be required to raise additional funds to cover those expenses. The Company will not know the amount that would be required to be raised to cover the monthly burn rate until the Company is able to determine what its monthly revenue is.

If the Company's revenue is not sufficient to cover the monthly burn rate and the Company cannot raise additional funds to cover those expenses, then the Company would have to sell its broodmares. This may require the Company to sell its thoroughbreds for less than the Company purchased.

Short-term needs (January through December 2017)

$3,000,000: This capital is intended to be used to acquire the additional broodmares and weanlings. The $3,000,000 is broken down as follows: $1,500,000 to acquire broodmares, $975,000 for stud fees, $275,000 for reserve for fees associated with the thoroughbreds acquires (i.e. training and vet) and $250,000 in working capital. The Company expects the monthly costs of the thoroughbreds to be approximately $5,000 per month. The Company’s reserve of $275,000 for the monthly costs is intended for the expenses for the broodmares acquired.

The Company expects its on-going monthly expenses directly associated to the thoroughbreds in its breeding division to be approximately $10 to $17 per day for each broodmare.

The expenses directly associated to each thoroughbred acquired are $10-$17 per day depending on the trainer and the vet needs of each thoroughbred. The Company's current monthly burn rate is between $18,000 – 20,000 per month, which includes approximately $2,000 for training fees associated with the Company’s thoroughbreds, $15,000 is general corporate expenses and approximately $2,000 associated with being a reporting company. The Company's monthly burn rate consists of the direct costs of the thoroughbreds the Company has acquired (such as training and vet fees) and the expected on-going general expenses of the Company (such as filing fees, audits and general administrative expenses).

The Company has included the $275,000 reserve since the Company expects it will take approximately 12-24 months from the date a broodmare is acquired before revenue may be generated from sale of foal, depending if the foal is sold as a yearling or 2-year-old. The Company expects to begin generating revenue within 12 -24 months of the acquisition of the broodmare as such the on-going monthly burn rate should be covered by the revenue generated from the sale of foals. However, there is no guarantee that the Company's revenue would be able to cover the Company's monthly burn rate.

If the Company's revenue is not sufficient to cover the monthly burn rate, the Company would be required to raise additional funds to cover those expenses. The Company will not know the amount that would be required to be raised to cover the monthly burn rate until the Company is able to determine what its monthly revenue is.

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If the Company's revenue is not sufficient to cover the monthly burn rate and the Company cannot raise additional funds to cover those expenses, then the Company would have to sell its broodmares. This may require the Company to sell its thoroughbreds for less than the Company purchased.

Long-term needs (January through December 2018)

$5,500,000: This capital is intended to be used to acquire additional broodmares and weanlings. The $5,500,000 is broken down as follows: $2,700,000 to acquire broodmares, $2,000,000 for stud fees, $450,000 for reserve for fees associated with the thoroughbreds acquires (i.e. training and vet) and $250,000 in working capital. The Company expects the monthly costs of the thoroughbreds to be approximately $5,000 per month. The Company’s reserve of $450,000 for the monthly costs is intended for the expenses for the broodmares acquired.

The Company expects its on-going monthly expenses directly associated to the thoroughbreds in its breeding division to be approximately $10 to $17 per day for each broodmare.

The expenses directly associated to each thoroughbred acquired are $10-$17 per day depending on the trainer and the vet needs of each thoroughbred. The Company's current monthly burn rate is between $18,000 – 20,000 per month, which includes approximately $2,000 for training fees associated with the Company’s thoroughbreds, $15,000 is general corporate expenses and approximately $2,000 associated with being a reporting company. The Company's monthly burn rate consists of the direct costs of the thoroughbreds the Company has acquired (such as training and vet fees) and the expected on-going general expenses of the Company (such as filing fees, audits and general administrative expenses).

The Company has included the $450,000 reserve since the Company expects it will take approximately 12-24 months from the date a broodmare is acquired before revenue may be generated from sale of foal, depending if the foal is sold as a yearling or 2-year-old. The Company expects to begin generating revenue within 12 -24 months of the acquisition of the broodmare as such the on-going monthly burn rate should be covered by the revenue generated from the sale of foals. However, there is no guarantee that the Company's revenue would be able to cover the Company's monthly burn rate.

If the Company's revenue is not sufficient to cover the monthly burn rate, the Company would be required to raise additional funds to cover those expenses. The Company will not know the amount that would be required to be raised to cover the monthly burn rate until the Company is able to determine what its monthly revenue is.

If the Company's revenue is not sufficient to cover the monthly burn rate and the Company cannot raise additional funds to cover those expenses, then the Company would have to sell its broodmares. This may require the Company to sell its thoroughbreds for less than the Company purchased.

Dividend Policy

The Company has not paid dividends on its Common Stock in the past. The Company has decided to distribute at least 16% of its net purse winnings that the Company’s thoroughbreds generate. However, our ability to pay dividends is subject to limitations imposed by Nevada law. Pursuant to Nevada Revised Statute 78.288, dividends may be paid to the extent that a corporation’s assets exceed it liabilities and it is able to pay its debts as they become due in the usual course of business.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive exploration activities. For these reasons our auditors stated in their report that they have substantial doubt we will be able to continue as a going concern.

13

Accounting and Audit Plan

In the next twelve months, we anticipate spending approximately $20,000 - $30,000 to pay for our accounting and audit requirements.

Off-balance sheet arrangements

We have no significant 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 is material to stockholders.

Item 3 Quantitative and Qualitative Disclosures About Market Risk

The Company, as a smaller reporting company, as defined by Rule 229.10(f)(1), is not required to provide the information required by this Item.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

An evaluation was carried out under the supervision and with the participation of our management, including our Principal Executive Officer and Principal Financial Officer, of the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report on Form 10-Q. Disclosure controls and procedures are procedures designed with the objective of ensuring that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, such as this Form 10-Q, is recorded, processed, summarized and reported, within the time period specified in the Securities and Exchange Commission’s rules and forms, and that such information is accumulated and is communicated to our management, including our Principal Executive Officer and Principal Financial Officer, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Based on that evaluation, our management concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were not effective.

Significant Deficiencies in Disclosure Controls And Procedures

The Company is a small organization with limited personnel. The Company was unable to implement an effective system of disclosure controls and procedures as of the evaluation date. Nevertheless, management believes that this Report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statement made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this Report.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting during the quarter ended September 30, 2016, that materially affected or are reasonably likely to materially affect our internal control over financial reporting.

14

PART II -- OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None.

ITEM 1A. RISK FACTORS

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

The above statement notwithstanding, shareholders and prospective investors should be aware that certain risks exist with respect to the Company and its business, including those risk factors contained in our most recent Registration Statements on Form S-1 and Form 10, as amended. These risks include, among others: limited assets, lack of significant revenues and only losses since inception, industry risks, dependence on third party manufacturers/suppliers and the need for additional capital. The Company's management is aware of these risks and has established the minimum controls and procedures to insure adequate risk assessment and execution to reduce loss exposure.

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

The Company issued 14,000,000 shares of unregistered securities where issued during the three months ending September 30, 2016. These shares were issued from the conversion of Series B Preferred Stock into Common Stock.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable.

ITEM 5. OTHER INFORMATION

There was no other information during the quarter ended September 30, 2016 that was not previously disclosed in our filings during that period.

15

ITEM 6. EXHIBITS

Exhibit No.	Description
31.1*	Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*	Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS**	XBRL Instance Document.
101.SCH**	XBRL Taxonomy Extension Schema Document.
101.CAL**	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF**	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB**	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE**	XBRL Taxonomy Extension Presentation Linkbase Document.

__________

* Filed herewith.

** XBRL Information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

16

SIGNATURES

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

	BUSCAR COMPANY
Date: November 17, 2016	By:	/s/ Anastasia Shishova
		Anastasia Shishova
		CEO
		(Principal Executive Officer and Principal Financial Officer)

17

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, Anastasia Shishova, certify that;

1.	I have reviewed this quarterly report on Form 10-Q of Buscar Company;
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 the 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.	The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our 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: November 17, 2016	By:	/s/ Anastasia Shishova
		Anastasia Shishova
		CEO and CFO
		(Principal Executive Officer and Principal Financial Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION

In connection with the Quarterly Report of Buscar Company (the "Company") on Form 10-Q for the period ending September 30, 2016, as filed with the Securities and Exchange Commission (the "Report"), Anastasia Shishova, the Principal Executive and Financial Officer of the Company, certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of her knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects the financial condition and results of the Company.

Date: November 17, 2016	By:	/s/ Anastasia Shishova
		Anastasia Shishova
		CEO and CFO
		(Principal Executive, Financial and Accounting Officer)

XML

Document and Entity Information - shares	6 Months Ended
	Sep. 30, 2016	Nov. 11, 2016
Document and Entity Information:
Entity Registrant Name	Buscar Co
Entity Central Index Key	0001518380
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	Q2
Entity Common Stock, Shares Outstanding		16,771,321

XML

Condensed Consolidated Balance Sheets - USD ($)	Sep. 30, 2016	Mar. 31, 2016
CURRENT ASSETS
Cash	$ 546,957
Total Current Assets	546,957
Thoroughbreds, net	97,070
TOTAL ASSETS	644,027
CURRENT LIABILITIES
Accrued liabilities	485	5,485
Due to Related Party	136,037	40,171
Contingent liabilities	177,270	177,270
Total Current Liabilities	313,792	222,926
TOTAL LIABILITIES	313,792	222,926
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $0.0001 par value, 500,000,000 shares authorized; 16,771,321 and 372,375 shares issued and outstanding at September 30, 2016 and March 31, 2016, respectively	1,677	37
Additional paid-in capital	17,384,888	15,037,628
Accumulated deficit	(17,058,127)	(15,261,391)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT)	330,235	(222,926)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	644,027
Series A Preferred Stock [Member]
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock	800	800
Series B Preferred Stock [Member]
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock	$ 997

XML

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2016	Mar. 31, 2016
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	16,771,321	372,375
Common Stock, Shares Outstanding	16,771,321	372,375
Series A Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Issued	8,000,000	8,000,000
Preferred Stock, Shares Outstanding	8,000,000	8,000,000
Preferred Stock, Shares Designated	10,000,000	10,000,000
Series B Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Issued	9,965,000	0
Preferred Stock, Shares Outstanding	9,965,000	0
Preferred Stock, Shares Designated	10,000,000	10,000,000

XML

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Costs and expenses:
Management and consulting fees	$ 1,228,500		$ 1,753,500	$ 126,746
General and administrative	27,723	10,000	41,839	40,656
Total expenses	1,256,223	10,000	1,795,339	167,402
Loss from operations	(1,256,223)	(10,000)	(1,795,339)	(167,402)
Loss before income taxes	(1,256,223)	(10,000)	(1,795,339)	(167,402)
Provision for income taxes
Net loss	(1,256,223)	(10,000)	(1,795,339)	(167,402)
Deemed dividend on Series B convertible preferred stock	(1,397)		(1,397)
Net loss attributable to common stockholders	$ (1,257,620)	$ (10,000)	$ (1,796,736)	$ (167,402)
Net loss per common share: Basic and diluted	$ (0.10)	$ (0.03)	$ (0.14)	$ (0.78)
Weighted average common shares outstanding: Basic and diluted	12,532,916	368,625	12,532,916	215,284

XML

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (1,795,339)	$ (167,402)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock based compensation	1,753,500	132,000
Depreciation	7,788
Changes in operating assets and liabilities:
Accrued liability	(5,000)	40,656
Due to related parties		(5,254)
Net Cash Used in Operating Activities	(39,051)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of thoroughbreds	(104,858)
Net cash used in Investing Activities	(104,858)
CASH FLOWS FROM FINANCING ACTIVITIES
Common stock issued	595,000
Loan from related party	191,796
Repayments of loans from related party	(95,930)
Net cash provided by Financing Activities	690,866
Net cash increase for period	546,957
Cash at beginning of period
Cash at end of period	546,957
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes
Cash paid for interest
NON CASH INVESTING AND FINANCING ACTIVITIES
Series B Preferred shares issued to CEO	1,000
Conversion of Series B Preferred stock into common stock	$ 1,400

XML

Business

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 1 - Business

Buscar Company. ("Buscar", "we", "us", "our", the "Company") was incorporated in Nevada as Cascade Springs Ltd. on January 19, 2010.  In 2012, we amended our Articles of Incorporation to change our name to Colorado Gold Mines, Inc. On June 18, 2014, changed our name to Buscar Oil, Inc. On May 19, 2015, the Company changed it's name to Buscar Company. On April 22, 2016, Buscar incorporated a wholly-owned California subsidiary, Buscar Stables, Inc. ("Buscar Stables"). Buscar is domiciled in the state of Colorado, and its corporate headquarters are located in Los Angeles, CA. The Company selected March 31 as its fiscal year end.

The Company's primary business is the breeding and selling of thoroughbreds, through its wholly owned subsidiary Buscar Stables. The Company will breed in California.  The Company expects that it will need to raise $5,500,000 to fully execute its breeding program.  The breeding program consists of the Company acquiring broodmares and paying stud fees to farms who own the studs.  The breeding season typically runs from February through May.  Under the rules of racing, every foal (a baby thoroughbred) is given a birthday of January 1 of the year of its birth regardless of its actual date of birth.  The Company will generate revenue from its breeding operations through the sale of the foals and purse winnings from the foals the Company keeps.  While the Company is building its breeding operations, the Company will own and manage thoroughbreds that will race in allowance or stakes races.  This will allow the Company to begin to develop relationships with other owners and trainers for the benefit of its breeding operations.

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Summary of Significant Accounting Policies

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 2 - Summary of Significant Accounting Policies

Basis of Presentation of Interim Financial Statements

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the six months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending March 31, 2017. Notes to the interim unaudited condensed consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year ended March 31, 2016 have been omitted. This report should be read in conjunction with the audited consolidated financial statements and the footnotes thereto for the fiscal year ended March 31, 2016 included in the Company's Form 10-K as filed with the Securities and Exchange Commission on July 15, 2016.

Consolidation Policy

For September 30, 2016, the unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiary, Buscar Stables, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.

Thoroughbreds

The Company depreciates thoroughbreds via straight-line depreciation over its useful life of 3 years.

The thoroughbreds are stated at the lower of cost or market value. The cost was deemed to be the best evidence of market value and the company's thoroughbreds were therefore stated at cost. Costs of maintaining horses prior to maturity and entered into a race or disposition are capitalized as additional costs of the horse. When a horse is sold or otherwise disposed of, the cost and associated accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized in the statement of operations.

The company evaluates the recoverability of its Long Term Assets in accordance with ASC topic 360, which requires recognition of impairments of long lived assets in the event an indication of impairment exists and the net book value of such assets exceeds the expected future value net cash flows attainable to such assets. The Company did not recognize any impairment losses for any periods presented.

	September 30, 2016			March 31, 2016
Thoroughbreds	$	104,858		$	-
Accumulated depreciation		(7,788	)		-
Thoroughbreds - net		97,070			-

Thoroughbred Revenue Recognition

The Company pursues opportunities to realize revenues from a principal activity: breeding the thoroughbreds. It is the Company's policy that revenues and gains will be recognized in accordance with ASC Topic 605-10-25, "Revenue Recognition." Under ASC Topic 605-10-25, revenue earning activities such as selling the horses and the Company has substantially accomplished all it must do to be entitled to the benefits represented by the revenue. Gains or losses from the sale of the horses are recognized when the horse is sold, and the cost and associated accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized in the statement of operations.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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Going Concern

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 3 - Going Concern

These unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these unaudited condensed consolidated financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At September 30, 2016, the Company had not yet achieved profitable operations, has accumulated losses of $17,058,127 since its inception, has a working capital of $233,165 and expects to incur further losses in the development of its business, all of which raise substantial doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern but considers that the Company will be able to obtain additional funds by equity financing and/or related party advances, however there is no assurance of additional funding being available or on terms acceptable to the Company.

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Due To Related Parties

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 4 - Due To Related Parties

During the six months ended September 30, 2016, the Company borrowed a total amount of $191,796 from a shareholder, who is also married to our CEO of the Company, and repaid $88,430 for payments of operating expenses and purchase of thoroughbreds.  As of September 30, 2016, the Company recorded due to a shareholder of $130,166.

During the six months ended September 30, 2016, the Company repaid $7,500 to a shareholder, who is also a former officer of the Company. As of September 30, 2016, the Company recorded due to shareholder of $5,871 for payments of operating expense on behalf of the Company.

As of September 30, 2016 and March 31, 2016, the Company owed related parties $136,037 and $40,171, respectively.

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Commitments and Contingencies

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 5 - Commitments and Contingencies

As of September 30, 2016, the Company had a total of $313,792 of outstanding liabilities. As of this date, the Company recognized $177,270 of outstanding liabilities related to previous Company directors, Robert Sawatsky and Kelly Fielder. The Company's legal counsel believes that the outstanding liabilities are expected to be paid back to the previous Company directors, Robert Sawatsky and Kelly Fielder, who had originally loaned money to the Company. However, there has been no resolution of this event.

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Equity

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 6 - Equity

On July 7, 2016, the Company filed Amended and Restated Articles of Incorporation with the Nevada Secretary of State to amend the par value of preferred stock and common stock to $0.0001. Preferred share and common share amounts in these financial statements have been retroactively adjusted to reflect this change in par value.

Preferred Stock

The Company has authorized 50,000,000 preferred shares with a par value of $0.0001 per share. Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes.

Series A Preferred Stock

The Company has designated 10,000,000 preferred shares of Series A Preferred Stock with a par value of $0.0001 per share. As at September 30, 2016 and March 31, 2016, the Company had 8,000,000 shares of Series A Preferred Stock issued and outstanding.

Series B Preferred Stock

The Company has designated 10,000,000 preferred shares of Series B Preferred Stock with a par value of $0.0001 per share.

During the six months ended September 30, 2016, 10,000,000 shares of Series B Preferred Stock were issued to our CEO for the par value as there is no stated value.

During the six months ended September 30, 2016, 35,000 shares of Series B Preferred Stock were converted at rate of 1 preferred share to 400 common shares, resulting in the issuance of 14,000,000 shares of common stock, for a value of $1,400, of which $1,397 was recorded as a deemed dividend.

As at September 30, 2016 and March 31, 2016, the Company had 9,965,000 and 0 shares of Series B Preferred Stock issued and outstanding, respectively.

Common Stock

The Company has authorized 500,000,000 shares of common stock with a par value of $0.0001 per share.

During the six months ended September 30, 2016, the Company issued common shares, as follows:

· 1,897,500 shares for services, with a fair value of $1,753,500 as compensation

· 500,643 shares were sold for cash for a consideration of $595,000

· 803 shares for rounding up adjustment of reverse split.

· 14,000,000 shares were issued for the conversion of 35,000 shares of Series B Preferred Stock.

As of September 30, 2016 and March 31, 2016, the Company had 16,771,321 and 372,375 shares of common stock issued and outstanding, respectively.

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Subsequent Events

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Note 7 - Subsequent Events

On November 7, 2016, the Company began attending the Keeneland November sale.  At the auction the Company acquired Milania (Hip 13) for $310,000 and Sweet Dreams (Hip 80) for $180,000. The Company acquired the mares through our bloodstock agents and owns 100% of each mare.  The mares are the initial acquisition on the part of the company to build out its breeding division.  Both mares are currently pregnant and expected to deliver in February or March 2017. The mares were transported from Keeneland (which is located in Keeneland, Kentucky) to a farm outside of Lexington, Kentucky. The Company’s goal is to sell the mares offspring at the Keeneland November 2017 and to stud the mares again in March/April 2017.

Milania (Hip 13) is carrying a colt sired by Pioneerof the Nile.  She is expected to give birth in February or March 2017. Pioneerof the Nile is among the leading sires with 4 crops of racing age that includes the following: 329 foals, 174 starters, 16 black-type winners, 128 winners of 271 races and earnings of $19,914,401, including triple crown champion American Pharoah. Pioneerof the Nile’s colt weanlings have so far sold for an average of $360,000 in 2016. The Company expects to sell her offspring as a weanling at the 2017 November sale and stud her to a new sire in March 2017.  Milania was sired by Bernardini who was a Champion 3-year-old colt who won $3,060,480 including the Preakness. Milania’s dam is Keeper Hill who won $1,661,281 and multiple stakes races including the Kentucky Oaks.

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Note 2 - Summary of Significant Accounting Policies (Policies)

6 Months Ended

Sep. 30, 2016

Note 2 - Summary Of Significant Accounting Policies Policies

Basis of Presentation of Interim Financial Statements

The accompanying interim unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X. In our opinion, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the six months ended September 30, 2016 are not necessarily indicative of the results that may be expected for the year ending March 31, 2017. Notes to the interim unaudited condensed consolidated financial statements that would substantially duplicate the disclosures contained in the audited consolidated financial statements for fiscal year ended March 31, 2016 have been omitted. This report should be read in conjunction with the audited consolidated financial statements and the footnotes thereto for the fiscal year ended March 31, 2016 included in the Company's Form 10-K as filed with the Securities and Exchange Commission on July 15, 2016.

Consolidation Policy

For September 30, 2016, the unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its wholly owned subsidiary, Buscar Stables, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.

Thoroughbreds

The Company depreciates thoroughbreds via straight-line depreciation over its useful life of 3 years.

The thoroughbreds are stated at the lower of cost or market value. The cost was deemed to be the best evidence of market value and the company's thoroughbreds were therefore stated at cost. Costs of maintaining horses prior to maturity and entered into a race or disposition are capitalized as additional costs of the horse. When a horse is sold or otherwise disposed of, the cost and associated accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized in the statement of operations.

The company evaluates the recoverability of its Long Term Assets in accordance with ASC topic 360, which requires recognition of impairments of long lived assets in the event an indication of impairment exists and the net book value of such assets exceeds the expected future value net cash flows attainable to such assets. The Company did not recognize any impairment losses for any periods presented.

	September 30, 2016			March 31, 2016
Thoroughbreds	$	104,858		$	-
Accumulated depreciation		(7,788	)		-
Thoroughbreds - net		97,070			-

Thoroughbred Revenue Recognition

The Company pursues opportunities to realize revenues from a principal activity: breeding the thoroughbreds. It is the Company's policy that revenues and gains will be recognized in accordance with ASC Topic 605-10-25, "Revenue Recognition." Under ASC Topic 605-10-25, revenue earning activities such as selling the horses and the Company has substantially accomplished all it must do to be entitled to the benefits represented by the revenue. Gains or losses from the sale of the horses are recognized when the horse is sold, and the cost and associated accumulated depreciation are removed from the accounts and the resulting gain or loss is recognized in the statement of operations.

Recent Accounting Pronouncements

The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new pronouncements that have been issued that might have a material impact on its financial position or results of operations.

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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Sep. 30, 2016

Summary Of Significant Accounting Policies Tables

Schedule of impairment losses

	September 30, 2016			March 31, 2016
Thoroughbreds	$	104,858		$	-
Accumulated depreciation		(7,788	)		-
Thoroughbreds - net		97,070			-

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Summary of Significant Accounting Policies (Details) - USD ($)	Sep. 30, 2016	Mar. 31, 2016
Summary Of Significant Accounting Policies Details
Thoroughbreds	$ 104,858
Accumulated depreciation	(7,788)
Thoroughbreds - net	$ 97,070

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Note 3 - Going Concern (Details Narrative) - USD ($)	Sep. 30, 2016	Mar. 31, 2016
Note 3 - Going Concern Details Narrative
Accumulated deficit	$ (17,058,127)	$ (15,261,391)
Working capital deficiency	$ (233,165)

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Due To Related Parties (Details Narrative) - USD ($)	6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Mar. 31, 2016
Due to Related Party	$ 136,037		$ 40,171
Borrowed from related party	191,796
Repaid to shareholder	7,500
Due to shareholder	5,871
WB Partners LLC [Member]
Borrowed from related party	191,796
Operating Expenses	88,430
Due to shareholder	$ 130,166

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Note 5 - Commitments and Contingencies (Details Narrative) - USD ($)	Sep. 30, 2016	Mar. 31, 2016
Note 5 - Commitments And Contingencies Details Narrative
Total Liabilities	$ 313,792	$ 222,926
Contingent liabilities	$ 177,270	$ 177,270

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Equity (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Mar. 31, 2016
Preferred Stock, Par Value	$ 0.0001		$ 0.0001		$ 0.0001
Preferred Stock, Shares Authorized	50,000,000		50,000,000		50,000,000
Common Stock, Par Value	$ 0.0001		$ 0.0001		$ 0.0001
Common Stock, Shares Authorized	500,000,000		500,000,000		500,000,000
Common Stock, Shares Issued	16,771,321		16,771,321		372,375
Common Stock, Shares Outstanding	16,771,321		16,771,321		372,375
Shares for services			1,897,500
Fair value compensation	$ 1,228,500		$ 1,753,500	$ 126,746
Common stock issued			$ 595,000
Common stock issued for cash			500,643
Adjustment of reverse split			803
Shares issued for the conversion			14,000,000
Conversion of Series B Preferred Stock			35,000
Series A Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.0001		$ 0.0001		$ 0.0001
Preferred Stock, Shares Issued	8,000,000		8,000,000		8,000,000
Preferred Stock, Shares Outstanding	8,000,000		8,000,000		8,000,000
Preferred Stock, Shares Designated	10,000,000		10,000,000		10,000,000
Series B Preferred Stock [Member]
Preferred Stock, Par Value	$ 0.0001		$ 0.0001		$ 0.0001
Preferred Stock, Shares Issued	9,965,000		9,965,000		0
Preferred Stock, Shares Outstanding	9,965,000		9,965,000		0
Preferred Stock, Shares Designated	10,000,000		10,000,000		10,000,000