10-Q/A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

Amendment No.1

FORM 10-Q

(Mark One)

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

For the quarterly period ended May 31, 2022

OR

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

For the transition period from ________ to _________

Commission File Number: 333-259772

PLASMA INNOVATIVE INC.

(Exact name of registrant as specified in its charter)

Nevada	87-1918342
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
523 School House Rd. Kennett Square, PA	19348
(Address of Principal Executive Offices)	(Zip Code)

267-467-5871

(Registrant’s telephone number, including area code)

n/a n/a

(Former Name, former address and former fiscal year, if changed since last report)

Securities registered under Section 12(b) of the Exchange Act: None

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 every Interactive Data File required to be submitted 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 such files). Yes ☒    No ☐

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

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
Emerging growth 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  ☐   No ☒

As of July 13, 2022, there were 15,355,556 shares of common stock, $0.001 par value per share, outstanding.

Explanatory Note

On July 22, 2022, the Company filed its 10-Q for the quarterly period ended May 31, 2022 (“Original Filing”). The Original Filing contained an error in that the Company inadvertently checked the box indicating it was a shell company. The Company was not a shell company and this Amendment No. 1 corrects that inadvertent mistake. No other changes are made to the Original Filing.

Except to the extent expressly set forth herein, this Amendment No. 1 speaks as of the date of the Original Filing and has not been updated to reflect events occurring subsequent to the Original Filing.  Accordingly, this Amendment No. 1 should be read in conjunction with our filings made with the Commission subsequent to the Original Filing.

Exhibit	Description
31.1	Certification of the Company’s Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
101.SCH	XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT*
101.LAB	XBRL TAXONOMY LABEL LINKBASE DOCUMENT*
101.PRE	XBRL TAXONOMY PRESENTATION LINKBASE DOCUMENT*

* Filed herewith.

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.

Date: November 28, 2022	PLASMA INNOVATIVE INC.
	/s/ Zhi Yang
	Zhi Yang President and CEO (Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer)

EX-31.1

Exhibit 31.1

Certification of the Company’s Principal Executive Officer and Principal Financial Officer

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

and Securities and Exchange Commission Release 34-46427

I, Zhi Yang, certify that:

1.	I have reviewed this report on Amendment No. 1 to Form 10-Q of Plasma Innovative Inc.;
2.	Based on my knowledge, this annual 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 annual report;

Date: November 28, 2022
	/s/ Zhi Yang
	Zhi Yang President and CEO (Principal Executive Officer, Principal Financial Officer, and Principal Accounting Officer)

XML

Cover - shares	9 Months Ended
	May 31, 2022	Jul. 13, 2022
Cover [Abstract]
Document Type	10-Q/A
Amendment Flag	true
Amendment Description	On July 22, 2022, the Company filed its 10-Q for the quarterly period ended May 31, 2022 (“Original Filing”). The Original Filing contained an error in that the Company inadvertently checked the box indicating it was a shell company. The Company was not a shell company and this Amendment No. 1 corrects that inadvertent mistake. No other changes are made to the Original Filing.   Except to the extent expressly set forth herein, this Amendment No. 1 speaks as of the date of the Original Filing and has not been updated to reflect events occurring subsequent to the Original Filing.  Accordingly, this Amendment No. 1 should be read in conjunction with our filings made with the Commission subsequent to the Original Filing.
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	May 31, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--08-31
Entity File Number	333-259772
Entity Registrant Name	PLASMA INNOVATIVE INC.
Entity Central Index Key	0001883835
Entity Tax Identification Number	87-1918342
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	523 School House Rd.
Entity Address, City or Town	Kennett Square
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19348
City Area Code	267
Local Phone Number	467-5871
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		15,355,556