10-Q

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For Quarterly Period Ended January 31, 2015

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission File Number 333-193565

Greenpro, Inc.

(Exact name of registrant issuer as specified in its charter)

Nevada	98-1146821
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

Suite 2201, 22/F., Malaysia Building,

50 Gloucester Road, Wanchai, Hong Kong

(Address of principal executive offices, including zip code)

Registrant’s phone number, including area code (852) 3111 -7718

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 ☒ 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 (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

YES ☒ 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 the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer ☐ Accelerated Filer ☐ Non-accelerated Filer ☐ Smaller reporting company ☒

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

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

Class	Outstanding as of January 31, 2015
Common Stock, $.0001 par value	22,422,800

	TABLE OF CONTENTS
		Page
PART I	FINANCIAL INFORMATION
ITEM 1.	FINANCIAL STATEMENTS:	F-1
	Balance Sheets as of January 31, 2015 (unaudited) and October 31, 2014	F-1
	Statements of Operations for the Three Months Ended January 31, 2015 and January 31, 2014 (unaudited)	F-2
	Statements of Cash Flows for the Three Months Ended January 31, 2015 and January 31, 2014 (unaudited)	F-3
	Notes to the Financial Statements (unaudited)	F-4 – F-7
ITEM 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	3
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	5
ITEM 4.	CONTROLS AND PROCEDURES	5
PART II	OTHER INFORMATION
ITEM 1	LEGAL PROCEEDINGS	6
ITEM 2	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	6
ITEM 3	DEFAULTS UPON SENIOR SECURITIES	6
ITEM 4	MINE SAFETY DISCLOSURES	6
ITEM 5	OTHER INFORMATION	6
ITEM 6	EXHIBITS	6
SIGNATURES		7

-2-

PART I -- FINANCIAL INFORMATION

ITEM I — FINANCIAL STATEMENTS

GREENPRO, INC.

(a development stage company)

BALANCE SHEETS

(Unaudited)

	January 31, 2015			October 31, 2014
	(Unaudited)			(Audited)
ASSETS
NON-CURRENT ASSETS
Property and equipment (Note 3)	$	33,222		$	14,011
Less: Accumulated depreciation		(1,254	)		(234	)
		31,968			13,777
CURRENT ASSETS
Prepayments and other receivables	$	813,992		$	48,738
Cash		940,108			507,934
Total Current Assets		1,754,100			556,672
TOTAL ASSETS	$	1,786,068		$	570,449
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Loan from Shareholders (Note 4)	$	1,300,000		$	-
Accrued Expenses		6,461			9,887
Total Current Liabilities		1,306,461			9,887
TOTAL LIABILITIES		1,306,461			9,887
STOCKHOLDERS’ EQUITY
Preferred stock – Par value $0.0001; Authorized: 100,000,000 None issued and Outstanding
(Note 5)		-			-
Common stock – Par value $0.0001; Authorized: 500,000,000 Issued and Outstanding: 22,422,800 (Note 6)		2,242			2,242
Additional paid-in capital		686,958			686,958
Accumulated deficit		(209,593	)		(128,638	)
TOTAL STOCKHOLDERS’ EQUITY		479,607			560,562
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	1,786,068		$	570,449

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

-F-1-

GREENPRO, INC.

(a development stage company)

STATEMENT OF OPERATIONS

(Unaudited)

	Three months ended January 31, 2015			Three months ended January 31, 2014
	(Unaudited)			(Audited)
REVENUE	$	33,000		$	-
COST OF SERVICES		-			-
GROSS PROFIT		33,000			-
GENERAL AND ADMINISTRATIVE EXPENSES		113,955			4,806
LOSS BEFORE INCOME TAXES		(80,955	)		(4,806	)
INCOME TAXES		-			-
NET LOSS	$	(80,955	)	$	(4,806	)
Net loss per share, basic and diluted:	$	(0.00	)	$	(0.00	)
Weighted average number of common shares outstanding, basic and diluted:		22,422,800			10,000,000

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

-F-2-

GREENPRO, INC.

(a development stage company)

STATEMENTS OF CASH FLOWS

(Unaudited)

	Three months ended			Three months ended
	January 31, 2015			January 31, 2014
	(Unaudited)			(Audited)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(80,955	)	$	(4,806	)
Depreciation expenses		1,020			-
Increase in loan from shareholders		1,300,000			-
Increase (Decrease) in accrued expenses		(3,426	)		1,216
Increase in prepayments and other receivables		(765,254	)		-
Net cash flows provided by (used in) operating activities		451,385			(3,590	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(19,211	)		-
Net cash flows provided by (used in) investing activities		(19,211	)		-
CASH FLOWS FROM FINANCING ACTIVITIES:
None		-			-
Net cash flows provided by (used in) financing activities		-			-
CASH RECONCILIATION
Net increase (decrease) in cash		432,174			(3,590	)
Cash, beginning of period		507,934			61,205
CASH BALANCE – END OF YEAR	$	940,108		$	57,615
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid	$	-		$	-
Interest paid	$	-		$	-

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

-F-3-

GREENPRO, INC.

(a development stage company)

NOTES TO THE FINANCIAL STATEMENTS

(Unaudited)

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Greenpro, Inc. (“Greenpro”) was incorporated on July 19, 2013 in the state of Nevada. Greenpro locates in Hong Kong. It provides cloud system resolution and financial consulting service for small and mid-size businesses located in East Asia, with a focus in Hong Kong and Malaysia. Greenpro’s comprehensive range of services cover cloud accounting solutions, cross-border business solutions, record management services, and accounting outsourcing services.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

Basis of Presentation:

These financial statements have been prepared in accordance with generally accepted accounting principles for the interim financial information with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal, recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended January 31, 2015 are not necessarily indicative of the results that may be expected for the year ending October 31, 2015.

For further information, refer to the financial statements and notes thereto included on the Company’s Annual Report on Form 10-K for the year ended October 31, 2014.

The Company has adopted its fiscal year end of October 31.

Basis of Accounting:

The Company's financial statements are prepared in accordance with U.S. generally accepted accounting principles.

Cash and Cash Equivalents:

The Company considers cash on hand and amounts on deposit with financial institutions which have original maturities of three months or less to be cash and cash equivalents.

Revenue Recognition:

The Company recognizes revenue in accordance with ASC 605, Revenue Recognition. ASC 605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the fee is fixed and determinable; and (4) collectability is reasonably assured.

Use of Estimates and Assumptions:

Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Management has no reason to make estimates at this time.

-F-4-

GREENPRO, INC.

(a development stage company)

NOTES TO THE FINANCIAL STATEMENTS

(Unaudited)

Property and equipment:

Property, plant and equipment are recorded at cost less accumulated depreciation. Maintenance, repairs and minor renewals are expensed as incurred; major renewals and improvements that extend the lives or increase the capacity of plant assets are capitalized.

When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the reporting period of disposition.

Depreciation is calculated on a straight-line basis over the estimated useful life of the assets after taking into account their respective estimated residual value.

The estimated useful lives of the assets are as follows:

	Estimated Useful Lives
Furniture and fixtures	5 years
Software development	5 years

Recently Issued Accounting Pronouncements:

In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company adopted ASU 2014-10 since the quarter ended July 31, 2014, thereby no longer presenting or disclosing any information required by Topic 915.

The Company reviewed all recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC and they did not or are not believed by management to have a material impact on the Company's present or future financial statements.

Basic and Diluted Loss per Share:

Loss per share was computed by dividing the net loss by the weighted average number of shares outstanding during the period. The weighted average number of shares was calculated by taking the number of shares outstanding and weighing them by the amount of time that they were outstanding. Basic and diluted loss per share is the same, as inclusion of common stock equivalents would be anti-dilutive.

Income Taxes:

The Company utilizes the asset and liability method to measure and record deferred income tax assets and liabilities. Deferred tax assets and liabilities reflect the future income tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. At this time, the Company has set up an allowance for deferred taxes as there is no company history to indicate the usage of deferred tax assets and liabilities.

-F-5-

GREENPRO, INC.

(a development stage company)

NOTES TO THE FINANCIAL STATEMENTS

(Unaudited)

Fair Value of Financial Instruments:

The Company's financial instruments may include cash and cash equivalents, short-term investments, accounts receivable, accounts payable and liabilities to banks and shareholders. The carrying amount of long-term debt to banks approximates fair value based on interest rates that are currently available to the Company for issuance of debt with similar terms and remaining maturities. The carrying amounts of other financial instruments approximate their fair value because of short-term maturities.

Concentrations of Credit Risk:

Financial instruments which potentially expose The Company to concentrations of credit risk consist principally of operating demand deposit accounts. The Company's policy is to place its operating demand deposit accounts with high credit quality financial institutions. At this time The Company has no deposits that are at risk.

NOTE 3 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

	(Unaudited)
	January 31, 2015			October 31, 2014
Furniture and fixtures	$	14,011		$	14,011
Software development		19,211			-
Total property and equipment		33,222			14,011
Less: Accumulated depreciation		(1,254	)		(234	)
	$	31,968		$	13,777

Depreciation expense was $1,254 and $234 for the three months ended January 31, 2015 and for the year ended October 31, 2014 respectively.

NOTE 4 – RELATED PARTY TRANSACTIONS

The Company sold a total of 10,000,000 shares of our common stock, par value $.0001 per share (“Common Stock”) to our officers at $0.0001 per share for aggregate proceeds of $1,000 in August 2013.

In August 2013, the Company issued two 8% Convertible Promissory Notes (each, a “Note,” collectively, the “Notes”) to our Chief Executive Officer, Lee Chong Kuang and our Chief Financial Officer, Loke Che Chan, Gilbert (the “Holders”), in the principal amount of $41,250 for each Note, pursuant to certain Securities Purchase Agreements dated August 12, 2013. The Notes may be convertible to the Company’s Common Stock at the Holders’ election conversion price of $.00825 per share. The maturity date for the Notes has been extended to 31 August 2014 at 8% interest rate per annum. On May 6, 2014, Mr. Lee and Mr. Loke and the Company signed the Letter of Amendment to extend the maturity date of both Notes to August 31, 2014.

On August 31, 2014, the maturity date of the Notes, the Holders elected to convert $41,250 of the principle sum of the Note into 5,000,000 shares of Common Stock of the Company for each note.

NOTE 5 – PREFERRED STOCK

Preferred stock includes 100,000,000 shares authorized at a par value of $0.0001, of which none are issued or outstanding.

-F-6-

 GREENPRO, INC.

(a development stage company)

NOTES TO THE FINANCIAL STATEMENTS

(Unaudited)

NOTE 6 – COMMON STOCK

Common Stock includes 500,000,000 shares authorized at a par value of $0.0001, of which 10,000,000 have been issued for the amount of $1,000 in August 2013 and 12,422,800 have been issued for the amount of $688,200 during the year ended October 31, 2014.

On August 31, 2014, the Company issued 10,000,000 shares of Common Stock at a conversion price of $0.00825 per share to our Chief Executive Officer, Lee Chong Kuang and our Chief Financial Officer, Loke Che Chan, Gilbert for conversion of two 8% Convertible Promissory Notes.

On September 23, 2014, the Company completed a public offering whereby it sold 2,000,000 shares of Common Stock at $0.25 per share for total gross proceeds of $500,000; and the Company also completed a private placement where it totally issued 422,800 shares of Common Stock at $0.25 per share to three investors for $105,700 pursuant to Regulation S promulgated under the Securities Act of 1933, as amended.

There were no stock options, warrants or other potentially dilutive securities outstanding as at January 31, 2015.

At January 31, 2015, there are 22,422,800 shares of Common Stock issued and outstanding.

NOTE 7 – COMMITMENTS AND CONTINGENCIES

The Company leases its office at Suite 2201, 22/F., Malaysia Building, 50 Gloucester Road, Wanchai, Hong Kong under a two year operating lease expiring on August 31, 2016 that provides for monthly payments of approximately $9,257. During the three months period ended January 31, 2015 and during the year ended October 31, 2014, lease expense totaled up to $27,770 and $10,068 respectively.

NOTE 8 – INCOME TAXES

The Company has available net operating loss carry-forwards for financial statement and federal income tax purposes. These loss carry-forwards expire if not used within 20 years from the year generated. The Company's management has decided a valuation allowance is necessary to reduce any tax benefits because the available benefits are more likely than not to expire before they can be used. These net operating losses expire as the following: $80,955 at 2035.

The Company has available net operating loss carry-forwards for financial statement and federal income tax purposes. These loss carry-forwards expire if not used within 20 years from the year generated. The Company's management has decided a valuation allowance is necessary to reduce any tax benefits because the available benefits are more likely than not to expire before they can be used.

The Company's management determines if a valuation allowance is necessary to reduce any tax benefits when the available benefits are more likely than not to expire before they can be used. The tax based net operating losses create tax benefits in the amount of $2,776 for the three months period ended January 31, 2015.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax liabilities and assets as of January 31, 2015 are as follows:

Deferred tax assets:
Federal net operating loss	$	80,955
State net operating loss		-
Total Deferred Tax Asset		2,776
Less: valuation allowance		(2,776	)
The reconciliation of the effective income tax rate to the federal statutory rate is as follows:
Federal income tax rate		15.0	%
State tax, net of federal benefit		5.0	%
Increase in valuation allowance		(20.0	%)
Effective income tax rate		0.0	%

-F-7-

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

The information contained in this Form 10-Q is intended to update the information contained in our Annual Report on Form 10-K for the year ended October 31, 2014 and presumes that readers have access to, and will have read, the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and other information contained in such Form 10-K. The following discussion and analysis also should be read together with our financial statements and the notes to the financial statements included elsewhere in this Form 10-Q.

The following discussion contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements appear in a number of places in this Report, including, without limitation, “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” These statements are not guarantees of future performance and involve risks, uncertainties and requirements that are difficult to predict or are beyond our control. Forward-looking statements speak only as of the date of this quarterly report. You should not put undue reliance on any forward-looking statements. We strongly encourage investors to carefully read the factors described in our Prospectus dated September 8, 2014 in the section entitled “Risk Factors” for a description of certain risks that could, among other things, cause actual results to differ from these forward-looking statements. We assume no responsibility to update the forward-looking statements contained in this quarterly report on Form 10-Q. The following should also be read in conjunction with the unaudited Financial Statements and notes thereto that appear elsewhere in this report.

Company Overview

Greenpro, Inc. (“Greenpro”), a development-stage company, was incorporated in the State of Nevada on July 19, 2013, as a for-profit company with a fiscal year end of October 31. Our business and registered office is located at Suite 2201, 22/F., Malaysia Building 50 Gloucester Road, Wanchai, Hong Kong. Our website is at: http://www.greenpro.co. Information contained on our website is not part of this Quarterly Report on Form 10-Q or our other filings with the Securities and Exchange Commission (“SEC”). We provide cloud system resolution, financial consulting services and corporate accounting services to small and mid-size businesses located in Asia, with an initial focus in Hong Kong and Malaysia.

Greenpro intends to provide a range of services as a package solution (the “Package Solution”) to our clients. It is our intention to develop a “Package Solution,” which will build a cloud solution into traditional accounting services. By using a Package Solution, we believe that our clients can reduce their business costs and improve their revenues.

Results of Operation

For the three months period ended January 31, 2015 compared with the three months period ended January 31, 2014.

Gross Revenues

The Company generated revenues of $33,000 during the three months ended January 31, 2015 as compared to revenue of $Nil for the three months ended January 31, 2014. The revenues generated relates to services provided by the Company for management fee and corporate advisory fee received by assisting our clients in forming corporations.

Operating Expenses

General and administrative expenses for the three months ended January 31, 2015 amounted to $113,955 as compared to $4,806 for the three months ended January 31, 2014. The expenses for the period ended January 31, 2015 were primarily consisted of $60,000 for directors’ remuneration, $27,770 for office rent and related expenses, and $17,464 for staff payroll cost, The reason for the increase in general and administrative expenses is due to the commencement of business operations since September 2014. The Company expects operating expenses to increase as more expenditure is incurred due to the growing of the business activities.

Net Loss

The net loss for the three months ended January 31, 2015 was $80,955 as compared to $4,806 for the three months ended January 31, 2014. The increase in net loss is due to the commencement and development of the business and the cost of business expense such as office rental and staff employment.

On August 31, 2014 the Company issued 10,000,000 shares of common stock at a conversion price of $0.00825 per share to our Chief Executive Officer, Lee Chong Kuang and our Chief Financial Officer, Loke Che Chan, Gilbert for conversion of two 8% Convertible Promissory Notes.

-3-

On September 23, 2014, the Company completed a public offering whereby it sold 2,000,000 shares of common stock at $0.25 per share for total gross proceeds of $500,000; and the Company also completed a private placement where it totally issued 422,800 common shares at $0.25 per share to three investors for $105,700 pursuant to Regulation S promulgated under the Securities Act of 1933, as amended.

At January 31, 2015, there were 22,422,800 shares of Common Stock issued and outstanding.

Liquidity and Capital Resources

As of January 31, 2015, we had working capital surplus of $447,639 as compared to working capital deficit of $(26,101) as of January 31, 2014. As of January 31, 2015, we had total current assets of $1,754,100, consisting of cash on hand of $940,108. We had current liabilities of $1,306,461, consisting of loan from shareholders of $1,300,000. The Company’s net loss was $80,955 and $4,806 for the three months ended January 31, 2015 and for the three months ended January 31, 2014 respectively. Non-cash expenses totaled to $1,020 and $Nil for the three months ended January 31, 2015 and for the three months ended January 31, 2014 respectively, which composed primarily of depreciation expense. Net cash provided by operating activities for the three months ended January 31, 2015 was $451,385 as compared to net used in operating activities of $3,590 for the three months ended January 31, 2014.

Net cash used in investing activities for the three months ended January 31, 2015 was $19,211 as compared to net cash provided by investing activities of $Nil for the three months ended January 31, 2014. The cash used in investing activities were mainly for the purchases of office equipment and software development for the period ended January 31, 2015.

Net cash provided by financing activities for both the period ended January 31, 2015 and January 31, 2014 was $Nil.

As of January 31, 2015, the Company expects cash on hand of $940,108 to be able to maintain its basic operating requirements for approximately twelve months and to meet its current obligations.

During the three months period ended January 31, 2015, our shareholders, Mr. Lertwattanarak Thanawat and Ms. Chuchottaworn Srirat advanced collectively $1,300,000 to the Company, which bears no interest and is payable upon demand, for the purpose of business development.

The revenues generated from our current business operations alone may not be sufficient to fund our operations or planned growth. We will likely require additional capital to continue to operate our business, and to further expand our business. Sources of additional capital through various financing transactions or arrangements with third parties may include equity or debt financing, bank loans or revolving credit facilities. We may not be successful in locating suitable financing transactions in the time period required or at all, and we may not obtain the capital we require by other means. Our inability to raise additional funds when required may have a negative impact on our operations, business development and financial results.

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 our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to our stockholders as of January 31, 2015.

-4-

Item 3 Quantitative and Qualitative Disclosures About Market Risk.

As a "smaller reporting company" as defined by Item 10 of Regulation S-K, the Company is not required to provide information required by this Item

Item 4 Controls and Procedures.

Evaluation of Disclosure Controls and Procedures: We conducted an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. The term "disclosure controls and procedures", as defined in Rules 13a-15(e) and 15d-15(e) under the Securities and Exchange Act of 1934, as amended ("Exchange Act"), means controls and other procedures of a company that are designed to ensure that information required to be disclosed by the company in the reports it files or submits under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Securities and Exchange Commission's rules and forms. Disclosure controls and procedures also include, without limitation, controls and procedures designed to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated and communicated to the company's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer concluded as of January 31, 2015, that our disclosure controls and procedures were not effective. The matters involving internal controls and procedures that our management considered to be material weaknesses under the standards of the Public Company Accounting Oversight Board were: (1) lack of a functioning audit committee due to a lack of a majority of independent members and a lack of a majority of outside directors on our board of directors, resulting in ineffective oversight in the establishment and monitoring of required internal controls and procedures; (2) inadequate segregation of duties consistent with control objectives; and (3) ineffective controls over period end financial disclosure and reporting processes. The aforementioned material weaknesses were identified by our Chief Executive Officer in connection with the review of our financial statements as of January 31, 2015.

Management believes that the material weaknesses set forth in items (2) and (3) above did not have an effect on our financial results. However, management believes that the lack of a functioning audit committee and the lack of a majority of outside directors on our board of directors results in ineffective oversight in the establishment and monitoring of required internal controls and procedures, which could result in a material misstatement in our financial statements in future periods.

Management's Report on Internal Control Over Financial Reporting: Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act. Our internal control over financial reporting is designed 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. The internal controls for the Company are provided by executive management's review and approval of all transactions. Our internal control over financial reporting also includes those policies and procedures that:

1.   pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions of our assets;

2.   provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. GAAP, and that our receipts and expenditures are being made only in accordance with the authorization of our management; and

3.   provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Management assessed the effectiveness of the Company's internal control over financial reporting as of January 31, 2015. In making this assessment, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework. Management's assessment included an evaluation of the design of our internal control over financial reporting and testing of the operational effectiveness of these controls.

Based on this assessment, management has concluded that as of January 31, 2015, our internal control over financial reporting was not effective to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. In an effort to remediate the identified material weaknesses and other deficiencies and enhance our internal controls, we have initiated, or plan to initiate, the following series of measures:

We will create a position to segregate duties consistent with control objectives and will increase our personnel resources and technical accounting expertise within the accounting function when funds are available to us. And, we plan to appoint one or more outside directors to our board of directors who shall be appointed to an audit committee resulting in a fully functioning audit committee who will undertake the oversight in the establishment and monitoring of required internal controls and procedures such as reviewing and approving estimates and assumptions made by management when funds are available to us.

We anticipate that these initiatives will be at least partially, if not fully, implemented by the end of fiscal year 2015. Additionally, we plan to test our updated controls and remediate our deficiencies in year 2015.

This quarterly report does not include an attestation report of the Company's registered public accounting firm regarding internal control over financial reporting. Management's report was not subject to attestation by the Company's registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the Company to provide only management's report in this annual report.

Changes in Internal Control over Financial Reporting: There were no changes in our internal control over financial reporting during the quarter ending January 31, 2015, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

-5-

PART II -- OTHER INFORMATION

Item 1. Legal Proceedings.

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

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.

None.

ITEM 6. Exhibits

10.1	Description of Oral Loan Agreement between the Company and Lertwattanarak Thanawat
10.2	Description of Oral Loan Agreement between the Company and Chuchottaworn Srirat
31.1	Rule 13(a)-14(a)/15(d)-14(a)Certification ofprincipalexecutiveofficer
31.2	Rule 13(a)-14(a)/15(d)-14(a)Certification ofprincipalfinancialofficer
32.1	Section 1350Certificationofprincipalexecutive officer
32.2	Section 1350Certificationofprincipalaccountingofficer

-6-

SIGNATURES

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

	GREENPRO, INC.
	(Name of Registrant)
Date: February 13, 2015	By:	/s/ Lee Chong Kuang
		Lee Chong Kuang
	Title:	Chief Executive Officer, President, Director (Principal Executive Officer)
Date: February 13, 2015	By:	/s/ Loke Che Chan, Gilbert
		Loke Che Chan, Gilbert
	Title:	Chief Financial Officer, Secretary, Treasurer, Director (Principal Financial Officer)

-7-

EX-10.1

Exhibit 10.1

DESCRIPTION OF ORAL LOAN AGREEMENT

BETWEEN GREENPRO, INC. AND Lertwattanarak Thanawat

During the period ended January 31, 2015, Greenpro, Inc. (the “Company”) received an aggregate of $650,000 (the “Loan”) from Mr. Lertwattanarak Thanawat (the “Creditor”). Mr. Thanawat has an oral agreement with the Company regarding the terms of the Loan, which bears no interest rate and is payable upon demand of the Creditor.

EX-10.2

Exhibit 10.2

DESCRIPTION OF ORAL LOAN AGREEMENT

BETWEEN GREENPRO, INC. AND Lertwattanarak Thanawat

During the period ended January 31, 2015, Greenpro, Inc. (the “Company”) received an aggregate of $650,000 (the “Loan”) from Ms. Chuchottaworn Srirat (the “Creditor”) as a loan to the Company. Ms. Srirat has an oral agreement with the Company regarding the terms of the Loan, which bears no interest rate and is payable upon demand of the Creditor.

EX-31.1

EXHIBIT 31.1

CERTIFICATION

I, LEE CHONG KUANG, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of Greenpro, Inc. (the “Company”) for the quarter ended January 31, 2015;

2.   Based on my knowledge, this quarterly 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 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 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 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: February 13, 2015	By:	/s/ Lee Chong Kuang
		Lee Chong Kuang
		Chief Executive Officer, President, Director
		(Principal Executive Officer)

EX-31.2

EXHIBIT 31.2

CERTIFICATION

I, Loke Che Chan, Gilbert, certify that:

1.   I have reviewed this quarterly report on Form 10-Q of Greenpro, Inc. (the “Company”) for the quarter ended January 31, 2015;

2.   Based on my knowledge, this quarterly 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 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 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 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: February 13, 2015	By:	/s/ Loke Che Chan, Gilbert
		Loke Che Chan, Gilbert
		Chief Financial Officer, Principal Accounting Officer, Treasurer
		(Principal Financial 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

In connection with the Quarterly Report of Greenpro, Inc. (the “Company”) on Form 10-Q for the period ending January 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(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 result of operations of the Company.

Date: February 13, 2015	By:	/s/ Lee Chong Kuang
		Lee Chong Kuang
		Chief Executive Officer, President, Director

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 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO
18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Greenpro, Inc. (the “Company”) on Form 10-Q for the period ending January 31, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), The undersigned hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge and belief:

(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 result of operations of the Company.

Date: February 13, 2015	By:	/s/ Loke Che Chan, Gilbert
		Loke Che Chan, Gilbert
		Chief Financial Officer, Principal Accounting Officer, Treasurer

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 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Income Taxes (Details) (USD $)	Jan. 31, 2015
Deferred tax assets:
Federal net operating loss	$ 80,955
State net operating loss
Total Deferred Tax Asset	2,776
Less: valuation allowance	$ (2,776)

XML

Related Party Transactions

3 Months Ended

Jan. 31, 2015

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 4 – RELATED PARTY TRANSACTIONS

The Company sold a total of 10,000,000 shares of our common stock, par value $.0001 per share (“Common Stock”) to our officers at $0.0001 per share for aggregate proceeds of $1,000 in August 2013.

In August 2013, the Company issued two 8% Convertible Promissory Notes (each, a “Note,” collectively, the “Notes”) to our Chief Executive Officer, Lee Chong Kuang and our Chief Financial Officer, Loke Che Chan, Gilbert (the “Holders”), in the principal amount of $41,250 for each Note, pursuant to certain Securities Purchase Agreements dated August 12, 2013. The Notes may be convertible to the Company’s Common Stock at the Holders’ election conversion price of $.00825 per share. The maturity date for the Notes has been extended to 31 August 2014 at 8% interest rate per annum. On May 6, 2014, Mr. Lee and Mr. Loke and the Company signed the Letter of Amendment to extend the maturity date of both Notes to August 31, 2014.

On August 31, 2014, the maturity date of the Notes, the Holders elected to convert $41,250 of the principle sum of the Note into 5,000,000 shares of Common Stock of the Company for each note.

XML

Property and Equipment, Net

3 Months Ended

Jan. 31, 2015

Property and Equipment, Net [Abstract]

PROPERTY AND EQUIPMENT, NET

NOTE 3 – PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

	(Unaudited)
	January 31, 2015			October 31, 2014
Furniture and fixtures	$	14,011		$	14,011
Software development		19,211			-
Total property and equipment		33,222			14,011
Less: Accumulated depreciation		(1,254	)		(234	)
	$	31,968		$	13,777

Depreciation expense was $1,254 and $234 for the three months ended January 31, 2015 and for the year ended October 31, 2014 respectively.

XML

Balance Sheet (USD $)	Jan. 31, 2015	Oct. 31, 2014
NON-CURRENT ASSETS
Property and equipment (Note 3)	$ 33,222	$ 14,011
Less: Accumulated depreciation	(1,254)	(234)
Property and equipment, Net	31,968	13,777
CURRENT ASSETS
Prepayments and other receivables	813,992	48,738
Cash	940,108	507,934
Total Current Assets	1,754,100	556,672
TOTAL ASSETS	1,786,068	570,449
CURRENT LIABILITIES
Loan from Shareholders (Note 4)	1,300,000
Accrued Expenses	6,461	9,887
Total Current Liabilities	1,306,461	9,887
TOTAL LIABILITIES	1,306,461	9,887
STOCKHOLDERS' EQUITY
Preferred stock - Par value $0.0001; Authorized: 100,000,000 None issued and Outstanding (Note 5)
Common stock - Par value $0.0001; Authorized: 500,000,000 Issued and Outstanding: 22,422,800 (Note 6)	2,242	2,242
Additional paid-in capital	686,958	686,958
Accumulated deficit	(209,593)	(128,638)
TOTAL STOCKHOLDERS' EQUITY	479,607	560,562
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,786,068	$ 570,449

XML

Organization and Description of Business

3 Months Ended

Jan. 31, 2015

Organization and Description of Business [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

Greenpro, Inc. (“Greenpro”) was incorporated on July 19, 2013 in the state of Nevada. Greenpro locates in Hong Kong. It provides cloud system resolution and financial consulting service for small and mid-size businesses located in East Asia, with a focus in Hong Kong and Malaysia. Greenpro’s comprehensive range of services cover cloud accounting solutions, cross-border business solutions, record management services, and accounting outsourcing services.

XML

Preferred Stock (Details) (USD $)	Jan. 31, 2015	Oct. 31, 2014
Preferred Stock [Abstract]
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, value	$ 0.0001	$ 0.0001
Preferred stock, shares issued
Preferred stock, shares outstanding

XML

Commitments and Contingencies (Details) (USD $)	3 Months Ended
	Jan. 31, 2015	Oct. 31, 2014
Commitments and Contingencies (Textual)
Operating lease term	2 years
Operating lease expiration date	Aug. 31, 2016
Monthly operating lease payments	$ 9,257
Lease expense	$ 27,770	$ 10,068

XML

Summary of Significant Accounting Policies

3 Months Ended

Jan. 31, 2015

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

This summary of significant accounting policies is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.

Basis of Presentation:

These financial statements have been prepared in accordance with generally accepted accounting principles for the interim financial information with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal, recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended January 31, 2015 are not necessarily indicative of the results that may be expected for the year ending October 31, 2015.

For further information, refer to the financial statements and notes thereto included on the Company’s Annual Report on Form 10-K for the year ended October 31, 2014.

The Company has adopted its fiscal year end of October 31.

Basis of Accounting:

The Company's financial statements are prepared in accordance with U.S. generally accepted accounting principles.

Cash and Cash Equivalents:

The Company considers cash on hand and amounts on deposit with financial institutions which have original maturities of three months or less to be cash and cash equivalents.

Revenue Recognition:

The Company recognizes revenue in accordance with ASC 605, Revenue Recognition. ASC 605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the fee is fixed and determinable; and (4) collectability is reasonably assured.

Use of Estimates and Assumptions:

Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Management has no reason to make estimates at this time.

Property and equipment:

Property, plant and equipment are recorded at cost less accumulated depreciation. Maintenance, repairs and minor renewals are expensed as incurred; major renewals and improvements that extend the lives or increase the capacity of plant assets are capitalized.

When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the reporting period of disposition.

Depreciation is calculated on a straight-line basis over the estimated useful life of the assets after taking into account their respective estimated residual value.

The estimated useful lives of the assets are as follows:

	Estimated Useful Lives
Furniture and fixtures	5 years
Software development	5 years

Recently Issued Accounting Pronouncements:

In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company adopted ASU 2014-10 since the quarter ended July 31, 2014, thereby no longer presenting or disclosing any information required by Topic 915.

The Company reviewed all recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC and they did not or are not believed by management to have a material impact on the Company's present or future financial statements.

Basic and Diluted Loss per Share:

Loss per share was computed by dividing the net loss by the weighted average number of shares outstanding during the period. The weighted average number of shares was calculated by taking the number of shares outstanding and weighing them by the amount of time that they were outstanding. Basic and diluted loss per share is the same, as inclusion of common stock equivalents would be anti-dilutive.

Income Taxes:

The Company utilizes the asset and liability method to measure and record deferred income tax assets and liabilities. Deferred tax assets and liabilities reflect the future income tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. At this time, the Company has set up an allowance for deferred taxes as there is no company history to indicate the usage of deferred tax assets and liabilities.

Fair Value of Financial Instruments:

The Company's financial instruments may include cash and cash equivalents, short-term investments, accounts receivable, accounts payable and liabilities to banks and shareholders. The carrying amount of long-term debt to banks approximates fair value based on interest rates that are currently available to the Company for issuance of debt with similar terms and remaining maturities. The carrying amounts of other financial instruments approximate their fair value because of short-term maturities.

Concentrations of Credit Risk:

Financial instruments which potentially expose The Company to concentrations of credit risk consist principally of operating demand deposit accounts. The Company's policy is to place its operating demand deposit accounts with high credit quality financial institutions. At this time The Company has no deposits that are at risk.

XML

Balance Sheet (Parentheticals) (USD $)	Jan. 31, 2015	Oct. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	22,422,800	22,422,800
Common stock, shares outstanding	22,422,800	22,422,800

XML

Income Taxes (Tables)

3 Months Ended

Jan. 31, 2015

Income Taxes [Abstract]

Schedule of deferred tax assets and liabilities

Deferred tax assets:
Federal net operating loss	$	80,955
State net operating loss		-
Total Deferred Tax Asset		2,776
Less: valuation allowance		(2,776	)

Schedule of reconciliation of the effective income tax rate

Federal income tax rate	15.0	%
State tax, net of federal benefit	5.0	%
Increase in valuation allowance	(20.0	%)
Effective income tax rate	0.0	%

XML

Document and Entity Information	3 Months Ended
	Jan. 31, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	Greenpro, Inc.
Entity Central Index Key	0001597846
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Document Type	10-Q
Document Period End Date	Jan. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	22,422,800

XML

Summary of Significant Accounting Policies (Details)	3 Months Ended
	Jan. 31, 2015
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Software Development [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

XML

Statement of Operations (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
Statements of Operations [Abstract]
REVENUE	$ 33,000
COST OF SERVICES
GROSS PROFIT	33,000
GENERAL AND ADMINISTRATIVE EXPENSES	113,955	4,806
LOSS BEFORE INCOME TAXES	(80,955)	(4,806)
INCOME TAXES
NET LOSS	$ (80,955)	$ (4,806)
Net loss per share, basic and diluted:	$ 0.00	$ 0.00
Weighted average number of common shares outstanding, basic and diluted:	22,422,800	10,000,000

XML

Commitments and Contingencies

3 Months Ended

Jan. 31, 2015

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 7 – COMMITMENTS AND CONTINGENCIES

The Company leases its office at Suite 2201, 22/F., Malaysia Building, 50 Gloucester Road, Wanchai, Hong Kong under a two year operating lease expiring on August 31, 2016 that provides for monthly payments of approximately $9,257. During the three months period ended January 31, 2015 and during the year ended October 31, 2014, lease expense totaled up to $27,770 and $10,068 respectively.

XML

Common Stock

3 Months Ended

Jan. 31, 2015

Common Stock [Abstract]

COMMON STOCK

NOTE 6 – COMMON STOCK

Common Stock includes 500,000,000 shares authorized at a par value of $0.0001, of which 10,000,000 have been issued for the amount of $1,000 in August 2013 and 12,422,800 have been issued for the amount of $688,200 during the year ended October 31, 2014.

On August 31, 2014, the Company issued 10,000,000 shares of Common Stock at a conversion price of $0.00825 per share to our Chief Executive Officer, Lee Chong Kuang and our Chief Financial Officer, Loke Che Chan, Gilbert for conversion of two 8% Convertible Promissory Notes.

On September 23, 2014, the Company completed a public offering whereby it sold 2,000,000 shares of Common Stock at $0.25 per share for total gross proceeds of $500,000; and the Company also completed a private placement where it totally issued 422,800 shares of Common Stock at $0.25 per share to three investors for $105,700 pursuant to Regulation S promulgated under the Securities Act of 1933, as amended.

There were no stock options, warrants or other potentially dilutive securities outstanding as at January 31, 2015.

At January 31, 2015, there are 22,422,800 shares of Common Stock issued and outstanding.

XML

Common Stock (Details) (USD $)	1 Months Ended
	Sep. 23, 2014	Aug. 31, 2014	Jan. 31, 2015	Oct. 31, 2014	Aug. 31, 2013
Common Stock (Textual)
Common stock, shares authorized			500,000,000	500,000,000
Common stock, par value			$ 0.0001	$ 0.0001
Common stock, shares issued			22,422,800	22,422,800
Common stock, shares outstanding			22,422,800	22,422,800
Common stock, value			$ 2,242	$ 2,242
IPO [Member]
Common Stock (Textual)
Common stock, shares issued	2,000,000
Sale of stock, price per share	$ 0.25
Proceeds from issuance initial public offering	500,000
Private Placement [Member]
Common Stock (Textual)
Common stock, shares issued	422,800
Sale of stock, price per share	$ 0.25
Proceeds from issuance of private placement	105,700
Lee Chong Kuang [Member]
Common Stock (Textual)
Conversion common stock, share issued		10,000,000
Common stock conversion price		$ 0.00825
Loke Che Chan [Member] | Convertible Promissory Notes [Member]
Common Stock (Textual)
Nmuber of note		2
Interest rate notes		8.00%
Common Stock [Member]
Common Stock (Textual)
Common stock, shares authorized					500,000,000
Common stock, par value					$ 0.0001
Common stock, shares issued				12,422,800	10,000,000
Common stock, value				$ 688,200	$ 1,000

XML

Property and Equipment, Net (Details) (USD $)	Jan. 31, 2015	Oct. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment (Note 3)	$ 33,222	$ 14,011
Less: Accumulated depreciation	(1,254)	(234)
Property and equipment, Net	31,968	13,777
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (Note 3)	14,011	14,011
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment (Note 3)	$ 19,211

XML

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Jan. 31, 2015

Summary of Significant Accounting Policies [Abstract]

Property and equipment

	Estimated Useful Lives
Furniture and fixtures	5 years
Software development	5 years

XML

Income Taxes

3 Months Ended

Jan. 31, 2015

Income Taxes [Abstract]

INCOME TAXES

NOTE 8 – INCOME TAXES

The Company has available net operating loss carry-forwards for financial statement and federal income tax purposes. These loss carry-forwards expire if not used within 20 years from the year generated. The Company's management has decided a valuation allowance is necessary to reduce any tax benefits because the available benefits are more likely than not to expire before they can be used. These net operating losses expire as the following: $80,955 at 2035.

The Company has available net operating loss carry-forwards for financial statement and federal income tax purposes. These loss carry-forwards expire if not used within 20 years from the year generated. The Company's management has decided a valuation allowance is necessary to reduce any tax benefits because the available benefits are more likely than not to expire before they can be used.

The Company's management determines if a valuation allowance is necessary to reduce any tax benefits when the available benefits are more likely than not to expire before they can be used. The tax based net operating losses create tax benefits in the amount of $2,776 for the three months period ended January 31, 2015.

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and the amounts used for income tax purposes. Significant components of the Company's deferred tax liabilities and assets as of January 31, 2015 are as follows:

Deferred tax assets:
Federal net operating loss	$	80,955
State net operating loss		-
Total Deferred Tax Asset		2,776
Less: valuation allowance		(2,776	)
The reconciliation of the effective income tax rate to the federal statutory rate is as follows:
Federal income tax rate		15.0	%
State tax, net of federal benefit		5.0	%
Increase in valuation allowance		(20.0	%)
Effective income tax rate		0.0	%

XML

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Jan. 31, 2015

Summary of Significant Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation:

These financial statements have been prepared in accordance with generally accepted accounting principles for the interim financial information with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal, recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended January 31, 2015 are not necessarily indicative of the results that may be expected for the year ending October 31, 2015.

For further information, refer to the financial statements and notes thereto included on the Company’s Annual Report on Form 10-K for the year ended October 31, 2014.

The Company has adopted its fiscal year end of October 31.

Basis of Accounting

Basis of Accounting:

The Company's financial statements are prepared in accordance with U.S. generally accepted accounting principles.

Cash and Cash Equivalents

Cash and Cash Equivalents:

The Company considers cash on hand and amounts on deposit with financial institutions which have original maturities of three months or less to be cash and cash equivalents.

Revenue Recognition

Revenue Recognition:

The Company recognizes revenue in accordance with ASC 605, Revenue Recognition. ASC 605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services rendered; (3) the fee is fixed and determinable; and (4) collectability is reasonably assured.

Use of Estimates and Assumptions

Use of Estimates and Assumptions:

Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenue and expenses. Management has no reason to make estimates at this time.

Property and equipment

Property and equipment:

Property, plant and equipment are recorded at cost less accumulated depreciation. Maintenance, repairs and minor renewals are expensed as incurred; major renewals and improvements that extend the lives or increase the capacity of plant assets are capitalized.

When assets are retired or disposed of, the cost and accumulated depreciation are removed from the accounts, and any resulting gains or losses are included in income in the reporting period of disposition.

Depreciation is calculated on a straight-line basis over the estimated useful life of the assets after taking into account their respective estimated residual value.

The estimated useful lives of the assets are as follows:

	Estimated Useful Lives
Furniture and fixtures	5 years
Software development	5 years

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements:

In June 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. ASU 2014-10 eliminates the distinction of a development stage entity and certain related disclosure requirements, including the elimination of inception-to-date information on the statements of operations, cash flows and stockholders' equity. The amendments in ASU 2014-10 will be effective prospectively for annual reporting periods beginning after December 15, 2014, and interim periods within those annual periods, however early adoption is permitted. The Company adopted ASU 2014-10 since the quarter ended July 31, 2014, thereby no longer presenting or disclosing any information required by Topic 915.

The Company reviewed all recent accounting pronouncements issued by the FASB (including its Emerging Issues Task Force), the AICPA, and the SEC and they did not or are not believed by management to have a material impact on the Company's present or future financial statements.

Basic and Diluted Loss per Share

Basic and Diluted Loss per Share:

Loss per share was computed by dividing the net loss by the weighted average number of shares outstanding during the period. The weighted average number of shares was calculated by taking the number of shares outstanding and weighing them by the amount of time that they were outstanding. Basic and diluted loss per share is the same, as inclusion of common stock equivalents would be anti-dilutive.

Income Taxes

Income Taxes:

The Company utilizes the asset and liability method to measure and record deferred income tax assets and liabilities. Deferred tax assets and liabilities reflect the future income tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and are measured using enacted tax rates that apply to taxable income in the years which those temporary differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. At this time, the Company has set up an allowance for deferred taxes as there is no company history to indicate the usage of deferred tax assets and liabilities.

Fair Value of Financial Instruments

Fair Value of Financial Instruments:

The Company's financial instruments may include cash and cash equivalents, short-term investments, accounts receivable, accounts payable and liabilities to banks and shareholders. The carrying amount of long-term debt to banks approximates fair value based on interest rates that are currently available to the Company for issuance of debt with similar terms and remaining maturities. The carrying amounts of other financial instruments approximate their fair value because of short-term maturities.

Concentrations of Credit Risk

Concentrations of Credit Risk:

Financial instruments which potentially expose The Company to concentrations of credit risk consist principally of operating demand deposit accounts. The Company's policy is to place its operating demand deposit accounts with high credit quality financial institutions. At this time The Company has no deposits that are at risk.

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Property and Equipment, Net (Tables)

3 Months Ended

Jan. 31, 2015

Property and Equipment, Net [Abstract]

Summary of property and equipment

	(Unaudited)
	January 31, 2015			October 31, 2014
Furniture and fixtures	$	14,011		$	14,011
Software development		19,211			-
Total property and equipment		33,222			14,011
Less: Accumulated depreciation		(1,254	)		(234	)
	$	31,968		$	13,777

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Related Party Transactions (Details) (USD $)	1 Months Ended		0 Months Ended	12 Months Ended
	Aug. 31, 2013 Promissorynote	Aug. 31, 2014	May 06, 2014	Oct. 31, 2014	Jan. 31, 2015
Related Party Transactions (Textual)
Common stock, par value				0.0001	$ 0.0001
Number of convertible promissory notes	2
Officer [Member]
Related Party Transactions (Textual)
Common stock issued	10,000,000
Common stock issued, Value	1,000
Common stock, par value	0.0001
Promissory note converted into common stock		5,000,000
Lee Chong Kuang [Member]
Related Party Transactions (Textual)
Convertible promissory notes , interest rate	8.00%
Principal amount	41,250
Conversion price	0.00825
Convertible promissory notes maturity date description				The maturity date for the Notes has been extended to 31 August 2014 at 8% interest rate per annum.
Convertible promissory notes maturity date			Aug. 31, 2014
Loke Che Chan [Member]
Related Party Transactions (Textual)
Convertible promissory notes , interest rate	8.00%
Principal amount	41,250
Conversion price	0.00825
Convertible promissory notes maturity date description				The maturity date for the Notes has been extended to 31 August 2014 at 8% interest rate per annum.
Convertible promissory notes maturity date			Aug. 31, 2014
Promissory note converted into common stock	5,000,000

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Income Taxes (Details 1)	3 Months Ended
	Jan. 31, 2015
Effective Income Tax Rate Reconciliation
Federal income tax rate	15.00%
State tax, net of federal benefit	5.00%
Increase in valuation allowance	(20.00%)
Effective income tax rate	0.00%

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Statements of Cash Flows (USD $)	3 Months Ended
	Jan. 31, 2015	Jan. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$ (80,955)	$ (4,806)
Depreciation expenses	1,020
Increase in loan from shareholders	1,300,000
Increase (Decrease) in accrued expenses	(3,426)	1,216
Increase in prepayments and other receivables	(765,254)
Net cash flows provided by (used in) operating activities	451,385	(3,590)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(19,211)
Net cash flows provided by (used in) investing activities	(19,211)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net cash flows provided by (used in) financing activities
CASH RECONCILIATION
Net increase (decrease) in cash	432,174	(3,590)
Cash, beginning of period	507,934	61,205
CASH BALANCE - END OF YEAR	940,108	57,615
SUPPLEMENTAL CASH FLOWS INFORMATION
Income taxes paid
Interest paid

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Preferred Stock

3 Months Ended

Jan. 31, 2015

Preferred Stock [Abstract]

PREFERRED STOCK

NOTE 5 – PREFERRED STOCK

Preferred stock includes 100,000,000 shares authorized at a par value of $0.0001, of which none are issued or outstanding.

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Income Taxes (Details Textual) (USD $)	3 Months Ended
	Jan. 31, 2015
Income Taxes (Textual)
Net operating loss carryforwards	$ 2,776
Operating loss carryforwards	$ 80,955
Operating loss carryforwards expiration date	Jan. 31, 2035
Loss carryforwards description	Within 20 years.

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Property and Equipment, Net (Details Textual) (USD $)	3 Months Ended
	Jan. 31, 2015	Oct. 31, 2014	Jan. 31, 2014
Property and Equipment Net (Textual)
Depreciation expenses	$ 1,020	$ 234