10-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 10-Q

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2018

or

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

For the transition period from ___________ to ___________

Commission File Number 333-181259

FIRST COLOMBIA DEVELOPMENT CORP.
(formerly AFC BUILDING TECHNOLOGIES INC.)
(Exact name of registrant as specified in its charter)

Nevada	N/A
(State or other jurisdiction of incorporation or	(IRS Employer Identification No.)
organization)
3020 Bridgway, Ste 505 Sausalito, CA	94965
(Address of principal executive offices)	(Zip Code)

415-300-6144
(Registrant’s telephone number, including area code)

N/A
(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 preceding 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).
[X] YES        [   ] NO

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

Large accelerated filer [   ]	Accelerated filer                   [   ]
Non-accelerated filer   [   ]	Smaller reporting company [X]
(Do not check if a smaller reporting company)

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [   ]

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

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 after the distribution of securities under a plan confirmed by a court.
[   ] YES        [   ] NO

APPLICABLE ONLY TO CORPORATE ISSUERS

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

73,520,016 common shares issued and outstanding as of June 12, 2018.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION		4
Item 1.	Financial Statements	4
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	10
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15
PART II – OTHER INFORMATION		16
Item 1.	Legal Proceedings	16
Item 1A.	Risk Factors	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosures	16
Item 5.	Other Information	17
Item 6.	Exhibits	17
SIGNATURES		18

PART I – FINANCIAL INFORMATION

Item 1.                             Financial Statements

Our unaudited condensed consolidated financial statements for the three month period ended March 31, 2018 and 2017 form part of this quarterly report. Unless otherwise specified our financial statements are expressed in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles with the instructions to Form 10-Q and Article 8 of Regulation S-X.

Operating results for the three month period ended March 31, 2018 are not necessarily indicative of the results that can be expected for the year ending December 31, 2018.

FIRST COLOMBIA DEVELOPMENT CORP.

Financial Statements

First Colombia Development Inc. (formerly AFC Building Technologies Inc.)
Balance Sheets
(Unaudited)

		March 31,			December 31,
		2018			2017
ASSETS
Current Assets
Cash	$	347,817		$	107
Total Assets	$	347,817		$	107
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities
Accounts payable and accrued liabilities	$	10,477		$	122,662
Due to related party (Note 2)		8,301			54,515
Loan Payable (Note 3)		10,000			–
Total Liabilities		28,778			177,177
Commitments and Contingencies (Note 1)
Stockholders’ Deficit
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding		–			–
Common stock, $0.001 par value, 500,000,000 shares authorized, 73,520,016 and 69,520,016 shares issued and outstanding, respectively		73,520			69,520
Additional paid-in capital		708,765			166,609
Accumulated deficit		(463,246	)		(413,199	)
Total Stockholders’ Deficit		319,039			(177,070	)
Total Liabilities and Stockholders’ Deficit	$	347,817		$	107

(The accompanying notes are an integral part of these interim financial statements)

F-1

First Colombia Development Inc. (formerly AFC Building Technologies Inc.)
Statements of Operations
(Unaudited)

		Three Months Ended
		March 31,
		2018			2017
Expenses
Bank charges	$	(233	)	$	72
Selling, marketing and administrative		14,648			13,619
Total Operating Expenses		14,415			13,691
Loss Before Other Expenses		(14,415	)		(13,691	)
Other Expenses
Interest expense		(36,325	)		–
Gain on foreign exchange		693			–
Loss before taxes		(50,047	)		(13,691	)
Income taxes		–			–
Net Loss	$	(50,047	)	$	(13,691	)
Loss per common share – Basic and Diluted	$	(0.00	)	$	(0.00	)
Weighted Average Shares Outstanding		70,593,989			69,520,016

(The accompanying notes are an integral part of these interim financial statements)

F-2

First Colombia Development Inc. (formerly AFC Building Technologies Inc.)
Statements of Cash Flows
(Unaudited)

		Three Months Ended
		March 31,
		2018			2017
Operating Activities
Net Loss	$	(50,047	)	$	(13,691	)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities		(112,185	)		13,619
Net Cash Provided by (Used in) Operating Activities		(162,232	)		(72	)
Net Cash Provided by (Used in) Investing Activities		–			–
Cash flows from financing activities
Proceeds (payments) on related party loans		(58	)		295
Proceeds from loan payable		10,000			–
Proceeds from sale of common stock		500,000			–
Net Cash Provided by (Used in) Financing Activities		509,942			295
Increase (Decrease) In Cash		347,710			223
Cash - Beginning of Year		107			9
Cash - End of Year	$	347,817		$	232
Non-Cash financing activities
Forgiveness of shareholder loan	$	46,156		$	–
Supplemental Disclosures
Interest paid	$	–		$	–
Income taxes paid	$	–		$	–

(The accompanying notes are an integral part of these interim financial statements)

F-3

First Colombia Development Inc. (formerly AFC Building Technologies Inc.)
Notes to Interim Financial Statements
March 31, 2018 and 2017
(Unaudited)

1.	Nature of Operations
	First Colombia Development Inc. (formerly AFC Building Technologies Inc.) (the “Company”) was incorporated under the laws of the State of Nevada on May 10, 2011. Effective April 26, 2018, the Company changed its name from AFC Building Technologies Inc. to First Colombia Development Inc. The Company was engaged in the sales and distribution of hand tools in Canada and is now in the process of determining a new line of business.
	Going Concern
	These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders and note holders, the ability of the Company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations. As at March 31, 2018, the Company has not generated any revenues, has working capital of $319,039, and has an accumulated deficit of $463,246 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
	Summary of Significant Accounting Policies
	Basis of Presentation
	The unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the Securities and Exchange Commission (“SEC”) instructions for companies filing Form 10-Q. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of March 31, 2018, and the results of operations and cash flows for the periods ended March 31, 2018 and 2017. The financial data and other information disclosed in the notes to the interim financial statements related to the periods are unaudited. The results for the three-month period ended March 31, 2018 are not necessarily indicative of the results to be expected for any subsequent quarter or the entire year ending December 31, 2018. These unaudited interim financial statements should be read in conjunction with the Company’s annual audited financial statements and notes thereto for the year ended December 31, 2017, included in the Company’s Form 10-K filed on May 1, 2018 with the SEC.
	Use of Estimates
	The preparation of these financial statements in accordance with United States generally accepted accounting principles requires 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 revenue and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuations and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
2.	Related Party Transactions

a)	At March 31, 2018, the Company owed $8,301 (December 31, 2017 - $8,359) to the Chief Financial Officer of the Company. These were monies advanced for general working capital purposes, (i.e. accounting and professional fees) as required. The amount is unsecured, non-interest bearing and due on demand.
b)	During the three months ended March 31, 2018, a shareholder of the Company agreed to forgive $46,156 of outstanding debt. At March 31, 2018, the Company owed $nil (December 31, 2017 - $46,156) to a shareholder of the Company. These were monies advanced for general working capital purposes, (i.e. accounting and professional fees) as required.

F-4

First Colombia Development Inc. (formerly AFC Building Technologies Inc.)
Notes to Interim Financial Statements
March 31, 2018 and 2017
(Unaudited)

3.	Loan payable
	At March 31, 2018, the Company owed $10,000 (December 31, 2017 - $nil) to an unrelated third party, which is unsecured, non-interest bearing and due on demand.
4.	Licensing Agreement
	On June 30, 2015, the Company entered into a license agreement with a shareholder of the Company. Pursuant to the agreement, the Company received an exclusive worldwide license in regards to 15 domain names related to the automotive e-commerce business for a period of 40 years. In consideration for the granting of the license, the Company will pay to the licensor a royalty of 2.5% of gross sales for any revenue derived from the use of the licensed domains.
5.	Common Stock
	On February 22, 2018, the Company issued 4,000,000 post-split shares of common stock at $0.125 per share for cash proceeds of $500,000.
6	Subsequent Events
	On April 26, 2018, the Company effected a 2-1 forward stock split of the issued and outstanding shares of common stock. All share and per share information have been retroactively adjusted to reflect the forward stock split.
	On May 10, 2018, the Company closed a purchase agreement with Grupo Jaque Ltd. and First Colombia Devco SAS whereby the Company acquired the issued and outstanding share capital of First Colombia Devco SAS, a Colombian company, from its sole shareholder, Grupo Jaque Ltd. The consideration for the purchase was $100,000, which represents a reimbursement of the vendor’s costs to capitalize and establish the Colombian company, and the costs of establishing the company’s Colombian head offices.
	On June 7, 2018, the Company entered into a property purchase agreement with Terra Viva Property Development S.A.S. whereby they have agreed to acquire certain real property located in the Municipality of Tarso, Antioquia, in Colombia. The property is 13.3125 hectares in size. The consideration for the purchase is $450,000, of which $50,000 has been advanced as a deposit against the purchase price, with the balance being due within 90 days.

F-5

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

Forward-Looking Statements

This quarterly report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Unless otherwise specified our financial statements are expressed in United States Dollars (US$) and are prepared in accordance with United States generally accepted accounting principles.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common shares” refer to the common shares in our capital stock.

As used in this quarterly report and unless otherwise indicated, the terms “we”, “us”, “our” and “our company” mean First Colombia Development Corp., a company incorporated under the laws of the state of Nevada, and our formerly wholly-owned subsidiary, DSL Products Limited, a company incorporated under the laws of the Province of Ontario, Canada, unless otherwise indicated.

General Overview

We were incorporated under the laws of the state of Nevada on May 10, 2011. Our fiscal year end is December 31. Our business offices are currently located at 3020 Bridgway, Ste 505 Sausalito, CA 94965. The address of agent for service in Nevada and registered corporate office is c/o National Registered Agents, Inc. of Nevada, 100 East William Street, Suite 204, Carson City, NV, 89701. Our telephone number is (415) 300-6144.

We recently effected a forward stock split of our authorized and issued and outstanding shares of common stock on a one (1) old for two (2) new basis. Upon effect of the forward split, our authorized capital increased from 250,000,000 shares of common stock to 500,000,000 shares of common stock and correspondingly, our issued and outstanding shares of common stock will increase from 34,760,008 to 73,520,016 shares of common stock, all with a par value of $0.001. Certificate of Change and Articles of Merger to effect the forward split and the merger and change of name were filed with the Nevada Secretary of State on April 12, 2018, with an effective date of April 26, 2018. The name change and reverse stock split were subsequently reviewed and approved by the Financial Industry Regulatory Authority (FINRA) with an effective date of April 26, 2018.

Our Current Business

Effective May 10, 2018, we executed and closed a purchase agreement with Grupo Jaque Ltd. and First Colombia Devco SAS whereby we acquired the issued and outstanding share capital of First Colombia Devco SAS, a Colombian company, from its sole shareholder, Grupo Jaque Ltd. The consideration for the purchase was $100,000, which represented a reimbursement of the vendor’s costs to capitalize and establish the Colombian company, and the costs of establishing the company’s Colombian head offices.

Our goal with First Colombia Devco SAS is to establish business ventures in Colombia’s rapidly developing economy, with a focus on agriculture and real estate development, tourism, infrastructure, and other high growth sectors that may be identified as worth pursuing. Such enterprises are in the initial planning and investigation stages, with the initial endeavor of First Colombia Devco SAS being a pilot program for a cattle division which acquires, free ranges and resells cattle for the domestic Colombian beef market, to establish the commercial viability of such an approach.

Effective June 7, 2018, we executed a property purchase agreement with Terra Viva Property Development S.A.S. whereby we have agreed to acquire certain real property located in the Municipality of Tarso, Antioquia, in Colombia. The property is 13.3125 hectares in size. The consideration for the purchase is $450,000, of which $50,000 has been advanced as a deposit against the purchase price, with the balance being due within 90 days. The Municipality of Tarso, approximately 50km from Medellin, is in the Suroeste region of Antioquia and is a popular resort area. The company intends to construct a resort development of casitas on the property. The region has been in increasing in popularity with recent planned infrastructure developments in the area that will be making it substantially more accessible from Medellin. This infrastructure will entail improved highways, bridges and tunnels with the goal of increasing accessibility to the Pacific Coast, with these improvements running through the Suroeste region.

Cash Requirements

Based on our planned expenditures, we will require approximately $________________ over the next 12 months. In order to provide funds, we plan to pursue additional equity financing from private investors or possibly a registered public offering. We do not currently have any definitive arrangements in place for the completion of any further private placement financings and there is no assurance that we will be successful in completing any further private placement financings. If we are unable to achieve the necessary additional financing, then we plan to reduce the amounts that we spend on our business activities and administrative expenses in order to be within the amount of capital resources that are available to us.

We have not investigated the availability of commercial loans or other debt financing to supplement or meet our cash requirements. In the uncertain event that any such debt financing alternatives were available to us on acceptable terms, they would increase our liabilities and future cash commitments.

Future Financings

We will continue to rely on equity sales of our common shares and funding from directors and shareholders in order to continue to fund our business operations. Issuances of additional shares will result in dilution to existing stockholders. There is no assurance that we will achieve any additional sales of the equity securities or arrange for debt or other financing to fund our operations and other activities.

Off-Balance Sheet Arrangements

We have no 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.

Results of Operations

The following summary of our results of operations should be read in conjunction with our financial statements for the quarter ended March 31, 2018, which are included herein.

Three Months Ended March 31, 2018 and March 31, 2017

Our operating results for the three months ended March 31, 2018 and March 31, 2017 are summarized as follows:

		Three			Three
		Months			Months
		Ended			Ended
		March			March
		31,			31
		2018			2017
Revenue	$	-		$	-
Cost of sales		-			-
Bank charges and interest		36,092			72
Selling, marketing and administrative		14,648			13,619
Net Loss		(50,047	)		(13,691	)
Loss per common share – Basic and Diluted	$	(0.00	)	$	(0.00	)

Revenue and Cost of Sales

We had no revenues and did not engage in any sales activities during the three month periods ended March 31, 2018 and March 31, 2017, respectively.

Operating Expenses

We incurred a net loss from operations of $50,047 for the three months ended March 31, 2018, compared to $13,691 during the three months ended March 31, 2017. The significant increase in net loss during the three months ended March 31, 2018 resulted from the $112,185 in accounts payable and accrued liabilities (March 31, 2017 - $13,691) incurred in preparation of the Company’s financial statements and public disclosure documents.

Liquidity and Financial Condition

Working Capital

		At		At
		September		December
		30,		31,
		2018		2017
Current assets	$	347,817	$	107
Current liabilities		28,778		177,177
Working capital (deficit)	$	319,039	$	(177,070	)

As at March 31, 2018 we had current assets of $347,817 (consisting of cash), current liabilities of $28,778, and a working capital of $319,039. This compares to our total current assets of $107, current liabilities of $177,177, and working capital deficit of $177,070 as at December 31, 2017.

Cash Flows

		Three			Three
		Months			Months
		Ended			Ended
		March 31,			March 31,
		2018			2017
Net cash Provided by (Used In) operating activities	$	(162,232	)	$	(72	)
Net cash (Used In) investing activities		-			-
Net cash provided by (Used In) financing activities		509,942 -			295
Net increase (decrease) in cash during period	$	347,710		$	223

Operating Activities

Net cash used in operating activities was $162,232 during the three months ended March 31, 2018 compared with net cash used in operating activities of $72 during the three months ended March 31, 2017. This increase in cash used was mostly as a result of the settlement of accounts payable.

Investing Activities

The Company had no active investments during the three months ended March 31, 2018 or 2017, respectively.

Financing Activities

Net cash provided by financing activities was $509,942 during the three months ended March 31, 2018 with compared with $295 in the prior period. This increase in cash provided was the result of proceeds of the sale of common stock and proceeds from a loan payable.

Going Concern

Our consolidated financial statements for the three month period ended March 31, 2018 have been prepared on a going concern basis and contain an additional explanatory paragraph which identifies issues that raise substantial doubt about our ability to continue as a going concern. Our financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The continuation of our company as a going concern is dependent upon the continued financial support from our shareholders and note holders, the ability of our company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations. As at March 31, 2018, our company has not generated any revenues, has working capital of $319,039, and has an accumulated deficit of $463,246. These factors raise substantial doubt regarding our company’s ability to continue as a going concern. These condensed consolidated financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should our company be unable to continue as a going concern.

Critical Accounting Policies

These financial statements and related notes are expressed in US dollars. The consolidated financial statements include the accounts of the Company and its formerly wholly-owned subsidiary, DSL Products Limited. All inter-company accounts and transactions have been eliminated. The Company’s fiscal year-end is December 31.

Item 3.                             Quantitative and Qualitative Disclosures About Market Risk

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

Item 4.                             Controls and Procedures

Evaluation of disclosure controls and procedures

            Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e)) under the Exchange Act) that is designed to ensure that information required to be disclosed by our Company in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

            Pursuant to Rule 13a-15(b) under the Exchange Act, our Company carried out an evaluation with the participation of our Company’s management, including our Company’s Chief Executive Officer (“CEO”) and our Company’s Chief Financial Officer (“CFO”), of the effectiveness of our Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of March 31, 2018. Based upon that evaluation, our Company’s CEO and CFO concluded that our Company’s disclosure controls and procedures were not effective as of March 31, 2018 due to our Company’s limited internal resources and lack of ability to have multiple levels of transaction review.

            Management is in the process of determining how best to change our current system and implement a more effective system to insure that information required to be disclosed in the reports that we file or submit under the Exchange Act have been recorded, processed, summarized and reported accurately. Our management intends to develop procedures to address the current deficiencies to the extent possible given limitations in financial and personnel resources. While management is working on a plan, no assurance can be made at this point that the implementation of such controls and procedures will be completed in a timely manner or that they will be adequate once implemented.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting during the quarterly period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

Item 1.                             Legal Proceedings

We know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our 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

None.

Item 3.                             Defaults Upon Senior Securities

None.

Item 4.                             Mine Safety Disclosures

Not applicable.

Item 5.                             Other Information

Not applicable.

Item 6.                             Exhibits

Exhibit	Description
Number
(3)	Articles of Incorporation and Bylaws
3.1	Articles of Incorporation (incorporated by reference to our Registration Statement on Form S- 1 filed on May 9, 2012).
3.2	By-laws (incorporated by reference to our Registration Statement on Form S-1 filed on May 9, 2012).
3.3	Certificate of Amendment (incorporated by reference to our Current Report on Form 8-K filed on January 13, 2014).
3.4	Certificate of Change filed with the Nevada Secretary of State on April 12, 2018 with an effective date of April 26, 2016. (incorporated by reference to our current report on Form 8-K filed on May 2, 2018)
3.5	Articles of Merger filed with the Nevada Secretary of State on April 12, 2018 with an effective date of April 26, 2016. (incorporated by reference to our current report on Form 8-K filed on May 2, 2018)
(10)	Material Contracts
10.1	Consulting Agreement dated December 30, 2011 between our company and Cindy Kelly & Associates (incorporated by reference to our Registration Statement on Form S-1 filed on May 9, 2012).
10.2	Purchase Agreement with Grupo Jaque Ltd. and First Colombia Devco SAS, dated May 10, 2018 (incorporated by reference to our current report on Form 8-K filed on May 19, 2018)
(31)	Rule 13a-14(a)/15d-14(a) Certifications
31.1*	Section 302 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
(32)	Section 1350 Certifications
32.1*	Section 906 Certification under the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer
101*	Interactive Data File
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.

**

Furnished herewith. Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of any registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, and otherwise are not subject to liability under those sections.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

	FIRST COLOMBIA DEVELOPMENT CORP.
	(Registrant)
Dated: June 18, 2018	/s/Christopher Hansen
	Christopher Hansen
	President, Chief Executive Officer, and Director
	(Principal Executive Officer)
Dated: June 18, 2018	/s/Cindy Lee Kelly
	Cindy Lee Kelly
	Chief Financial Officer and Treasurer
	(Principal Financial Officer and Principal Accounting Officer)

EX-31.1

EXHIBIT 31.1

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Christopher Hansen, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of First Colombia Development Corp.;
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.	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 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 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: June 18, 2018

/s/ Christopher Hansen

Christopher Hansen

President, Chief Executive Officer and Director

(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Cindy Lee Kelly, certify that:

1.	I have reviewed this quarterly report on Form 10-Q of First Colombia Development Corp.;
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.	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 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 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: June 18, 2018

/s/ Cindy Lee Kelly

Cindy Lee Kelly

Chief Financial Officer, Secretary, and Treasurer

(Principal Financial Officer and Principal Accounting Officer)

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Christopher Hansen, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the Annual Report on Form 10-Q of First Colombia Development Corp. for the period ended March 31, 2018 (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 operations of First Colombia Development Corp.

Dated: June 18, 2018

/s/ Christopher Hansen

Christopher Hansen

President, Chief Executive Officer and Director

(Principal Executive Officer)

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to First Colombia Development Corp. and will be retained by First Colombia Development Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.1

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Cindy Lee Kelly, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1)	the Annual Report on Form 10-Q of First Colombia Development Corp. for the year ended December 31, 2017 (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 operations of First Colombia Development Corp.

Dated: June 18, 2018

/s/ Cindy Lee Kelly

Cindy Lee Kelly

Chief Financial Officer, Secretary and Treasurer

(Principal Financial Officer and Principal Accounting Officer)

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to First Colombia Development Corp. and will be retained by First Colombia Development Corp. and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Jun. 12, 2018
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2018
Trading Symbol	afct
Entity Registrant Name	First Colombia Development Corp.
Entity Central Index Key	0001533030
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		73,520,016
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q1

XML

Balance Sheets - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current Assets
Cash	$ 347,817	$ 107
Total Assets	347,817	107
Current Liabilities
Accounts payable and accrued liabilities	10,477	122,662
Due to related party	8,301	54,515
Loan Payable	10,000	0
Total Liabilities	28,778	177,177
Commitments and Contingencies
Stockholders' Deficit
Preferred stock, $0.001 par value, 100,000,000 shares authorized, no shares issued and outstanding	0	0
Common stock, $0.001 par value, 500,000,000 shares authorized, 73,520,016 and 69,520,016 shares issued and outstanding, respectively	73,520	69,520
Additional paid-in capital	708,765	166,609
Accumulated deficit	(463,246)	(413,199)
Total Stockholders' Deficit	319,039	(177,070)
Total Liabilities and Stockholders' Deficit	$ 347,817	$ 107

XML

Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
Preferred Stock, Par Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	73,520,016	69,520,016
Common Stock, Shares, Outstanding	73,520,016	69,520,016

XML

Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Expenses
Bank charges	$ (233)	$ 72
Selling, marketing and administrative	14,648	13,619
Total Operating Expenses	14,415	13,691
Loss Before Other Expenses	(14,415)	(13,691)
Other Expenses
Interest expense	(36,325)	0
Gain on foreign exchange	693	0
Loss before taxes	(50,047)	(13,691)
Income taxes	0	0
Net Loss	$ (50,047)	$ (13,691)
Loss per common share - Basic and Diluted	$ 0.00	$ 0.00
Weighted Average Shares Outstanding	70,593,989	69,520,016

XML

Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating Activities
Net Loss	$ (50,047)	$ (13,691)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities	(112,185)	13,619
Net Cash Provided by (Used in) Operating Activities	(162,232)	(72)
Net Cash Provided by (Used in) Investing Activities	0	0
Cash flows from financing activities
Proceeds (payments) on related party loans	(58)	295
Proceeds from loan payable	10,000	0
Proceeds from sale of common stock	500,000	0
Net Cash Provided by (Used in) Financing Activities	509,942	295
Increase (Decrease) In Cash	347,710	223
Cash - Beginning of Year	107	9
Cash - End of Year	347,817	232
Non-Cash financing activities
Forgiveness of shareholder loan	46,156	0
Supplemental Disclosures
Interest paid	0	0
Income taxes paid	$ 0	$ 0

XML

Nature of Operations

3 Months Ended

Mar. 31, 2018

Nature of Operations [Text Block]

1.	Nature of Operations
	First Colombia Development Inc. (formerly AFC Building Technologies Inc.) (the “Company”) was incorporated under the laws of the State of Nevada on May 10, 2011. Effective April 26, 2018, the Company changed its name from AFC Building Technologies Inc. to First Colombia Development Inc. The Company was engaged in the sales and distribution of hand tools in Canada and is now in the process of determining a new line of business.
	Going Concern
	These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders and note holders, the ability of the Company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations. As at March 31, 2018, the Company has not generated any revenues, has working capital of $319,039, and has an accumulated deficit of $463,246 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
	Summary of Significant Accounting Policies
	Basis of Presentation
	The unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the Securities and Exchange Commission (“SEC”) instructions for companies filing Form 10-Q. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of March 31, 2018, and the results of operations and cash flows for the periods ended March 31, 2018 and 2017. The financial data and other information disclosed in the notes to the interim financial statements related to the periods are unaudited. The results for the three-month period ended March 31, 2018 are not necessarily indicative of the results to be expected for any subsequent quarter or the entire year ending December 31, 2018. These unaudited interim financial statements should be read in conjunction with the Company’s annual audited financial statements and notes thereto for the year ended December 31, 2017, included in the Company’s Form 10-K filed on May 1, 2018 with the SEC.
	Use of Estimates
	The preparation of these financial statements in accordance with United States generally accepted accounting principles requires 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 revenue and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to deferred income tax asset valuations and loss contingencies. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.

XML

Related Party Transactions

3 Months Ended

Mar. 31, 2018

Related Party Transactions [Text Block]

2. Related Party Transactions

a)	At March 31, 2018, the Company owed $8,301 (December 31, 2017 - $8,359) to the Chief Financial Officer of the Company. These were monies advanced for general working capital purposes, (i.e. accounting and professional fees) as required. The amount is unsecured, non-interest bearing and due on demand.
b)	During the three months ended March 31, 2018, a shareholder of the Company agreed to forgive $46,156 of outstanding debt. At March 31, 2018, the Company owed $nil (December 31, 2017 - $46,156) to a shareholder of the Company. These were monies advanced for general working capital purposes, (i.e. accounting and professional fees) as required.

XML

Loan payable

3 Months Ended

Mar. 31, 2018

Loan payable [Text Block]

3.	Loan payable
	At March 31, 2018, the Company owed $10,000 (December 31, 2017 - $nil) to an unrelated third party, which is unsecured, non-interest bearing and due on demand.

XML

Licensing Agreement

3 Months Ended

Mar. 31, 2018

Licensing Agreement [Text Block]

4.

Licensing Agreement

On June 30, 2015, the Company entered into a license agreement with a shareholder of the Company. Pursuant to the agreement, the Company received an exclusive worldwide license in regards to 15 domain names related to the automotive e-commerce business for a period of 40 years. In consideration for the granting of the license, the Company will pay to the licensor a royalty of 2.5% of gross sales for any revenue derived from the use of the licensed domains.

XML

Common Stock

3 Months Ended

Mar. 31, 2018

Common Stock [Text Block]

5.	Common Stock
	On February 22, 2018, the Company issued 4,000,000 post-split shares of common stock at $0.125 per share for cash proceeds of $500,000.

XML

Subsequent Events

3 Months Ended

Mar. 31, 2018

Subsequent Events [Text Block]

6.	Subsequent Events
	On April 26, 2018, the Company effected a 2 - 1 forward stock split of the issued and outstanding shares of common stock. All share and per share information have been retroactively adjusted to reflect the forward stock split.
	On May 10, 2018, the Company closed a purchase agreement with Grupo Jaque Ltd. and First Colombia Devco SAS whereby the Company acquired the issued and outstanding share capital of First Colombia Devco SAS, a Colombian company, from its sole shareholder, Grupo Jaque Ltd. The consideration for the purchase was $100,000, which represents a reimbursement of the vendor’s costs to capitalize and establish the Colombian company, and the costs of establishing the company’s Colombian head offices.
	On June 7, 2018, the Company entered into a property purchase agreement with Terra Viva Property Development S.A.S. whereby they have agreed to acquire certain real property located in the Municipality of Tarso, Antioquia, in Colombia. The property is 13.3125 hectares in size. The consideration for the purchase is $450,000, of which $50,000 has been advanced as a deposit against the purchase price, with the balance being due within 90 days.

XML

Going Concern (Narrative) (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Working capital deficit	$ 319,039
Accumulated deficit	$ 463,246	$ 413,199

XML

Related Party Transactions (Narrative) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Amount due to related party	$ 8,301	$ 54,515
Forgiveness of debt	46,156
Chief Financial Officer [Member]
Amount due to related party	8,301	8,359
Shareholder of the Company [Member]
Amount due to related party	$ 0	$ 46,156

XML

Loan payable (Narrative) (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Loan payable	$ 10,000	$ 0

XML

Licensing Agreement (Narrative) (Details)	1 Months Ended
	Jun. 30, 2015
License period	40 years
Royalty of gross sales, licensed domains	2.50%

XML

Common Stock (Narrative) (Details)	3 Months Ended
	Mar. 31, 2018 USD ($) $ / shares shares
Stock issued, stock-split | shares	4,000,000
Equity issuance, price per share | $ / shares	$ 0.125
Proceeds from stock-split | $	$ 500,000

XML

Subsequent Events (Narrative) (Details) - Subsequent Event [Member] - USD ($)			1 Months Ended
	Jun. 07, 2018	May 10, 2018	Apr. 26, 2018
Stock-split description			2 for 1
Payment for purchase agreement		$ 100,000
Payments for property purchase agreement	$ 450,000
Deposit on property purchase agreement	$ 50,000