Quarterly Report (10-q)

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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, 2022

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

	For the transition period from _______________ to _______________

Commission File Number 333-202234

ME RENEWABLE POWER CORPORATION

(Exact name of registrant as specified in its charter)

Nevada		30-0845224
(State or other jurisdiction of incorporation or organization)		(IRS Employer Identification No.)
	No. 19, Jalan Berjaya Baru, Taman Berjaya Baru, 43000 Kajang, Selangor, Malaysia

	(Address of principal executive offices)

+6087-504857

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities 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 every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a 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

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 NOx

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 x 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.

227,375,000 common shares issued and outstanding as of date of this report, March 31, 2022.

227,375,000 common shares issued and outstanding as of the date of this fling, May 23, 2022.

ME RENEWABLE POWER CORPORATION

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION.

Item 1.	Financial Statements (Unaudited)	3

Item 2.	Management's Discussion and Analysis of Financial Condition or Plan of Operation.	12

Item 3.	Quantitative and Qualitative Disclosures About Market Risk.	17

Item 4.	Controls and Procedures.	17

PART II - OTHER INFORMATION.

Item 1.	Legal Proceedings.	18

Item 1A.	Risk Factors.	18

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.	18

Item 3.	Defaults Upon Senior Securities.	18

Item 4.	Mine Safety Disclosures.	18

Item 5.	Other Information.	18

Item 6.	Exhibits.	19

SIGNATURES.		20

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

ME Renewable Power Corporation

BALANCE SHEETS

	(Unaudited)			(Unaudited)
	March 31, 2022			December 31, 2021
ASSETS
Current Assets:
Total Current Assets	$	—		$	—

TOTAL ASSETS	$	—		$	—

LIABILITIES & STOCKHOLDERS' DEFICIT
Current Liabilities:
Accounts Payable	$	6,826		$	8,197
Accounts Payable - Related Party		14,720			13,820
Loan Payable - Related Party		22,043			20,103

Total Current Liabilities		43,589			42,120

Total Liabilities		43,589			42,120

Stockholder's Deficit

Preferred Stock, par value $0.0001,
10,000,000 shares Authorized, 0 shares Issued and
Outstanding at March March 31, 2022 and December 31, 2021
Common Stock, par value $0.0001,
390,000,000 shares Authorized, 227,375,000 shares Issued and
Outstanding at March 31, 2022 and December 31, 2021		22,738			22,738
Additional Paid-In Capital		29,349			29,349
Accumulated Deficit		(95,676	)		(94,207	)

Total Stockholder's Deficit		(43,589	)		(42,120	)

TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	—		$	—

The accompanying notes are an integral part of these unaudited financial statements

ME Renewable Power Corporation

STATEMENTS OF OPERATIONS

(Unaudited)

	For the Three Months Ended			For the Three Months Ended
	March 31,			March 31,
	2022			2021

Revenues:	$	—		$	—

Expenses:
General and administrative expense		350			300
Professional fees		1,119			1,299
Total Operating Expenses		1,469			1,599

Operating Loss		(1,469	)		(1,599	)

Net Loss	$	(1,469	)	$	(1,599	)

Basic & Diluted Loss per Common Share	$	(0.00	)	$	(0.00	)

Weighted Average Common Shares
Weighted Average Common Shares Outstanding		227,370,000			227,370,000

The accompanying notes are an integral part of these unaudited financial statements

ME Renewable Power Corporation

STATEMENT OF STOCKHOLDERS' EQUITY

For the Three Months Ended March 31, 2022

(Unaudited)


	Common Stock
	Shares		Par Value		Additional Paid-In Capital		Accumulated Deficit			Total Stockholders' Deficiency
Balance at December 31, 2021	227,375,000	$	22,738	$	29,349	$	(94,207	)	$	(42,120	)

Net Loss for the Three Months Ended March 31, 2022	—	$	—	$	—	$	(1,469	)	$	(1,469	)

Balance at March 31, 2022	227,375,000	$	22,738	$	29,349	$	(95,676	)	$	(43,589	)

The accompanying notes are an integral part of these unaudited financial statements

ME Renewable Power Corporation

STATEMENT OF STOCKHOLDERS' EQUITY

For the Three Months Ended March 31, 2021

(Unaudited)

	Common Stock
	Shares		Par Value		Additional Paid-In Capital		Accumulated Deficit			Total Stockholders' Deficiency
Balance at December 31, 2020	227,375,000	$	22,738	$	29,349	$	(127,619	)	$	(75,532	)

Net Loss for the Three Months Ended March 31, 2021	—	$	—	$	—	$	(1,599	)	$	(1,599	)

Balance at March 31, 2021	227,375,000	$	22,738	$	29,349	$	(129,218	)	$	(77,131	)

The accompanying notes are an integral part of these unaudited financial statements

ME Renewable Power Corporation

STATEMENTS OF CASH FLOWS

(Unaudited)


	For the Three Months Ended			For the Three Months Ended
	March 31,			March 31,
	2022			2021
CASH FLOWS FROM OPERATING
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Gain (Loss)	$	(1,469	)	$	(1,599	)
Adjustments to reconcile net loss to net cash
used in operating activities:
Changes In:
Accounts Payable		(1,371	)		1,099
Accounts Payable - Related Party		900			500
Net Cash Used in Operating Activities		(1,940	)		—

CASH FLOWS FROM FINANCING
Loans from Related Party		1,940			—
Net Cash Provided by Financing Activities		1,940			—

Net (Decrease) Increase in Cash					—
Cash at Beginning of Period		—			—

Cash at End of Period	$	—		$	—

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for:
Cash paid during the year for: Interest	$	—		$	—
Cash paid during the year for: Franchise Taxes	$	—		$	—

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
None.
The accompanying notes are an integral part of these unaudited financial statements

ME Renewable Power Corporation

NOTES TO THE FINANCIAL STATEMENTS

March 31, 2022

(Unaudited)

NOTE 1 – NATURE OF OPERATIONS

ME Renewable Power Corporation (the "Company") was incorporated in the State of Nevada under the name Jarex Solutions Corp. on October 28, 2014 ("Inception") and originally intended to commence operations in the business of Automatic Number Plate Recognition (“ANPR’) software development for businesses which have parking zones or access control on their sites. Jarex Solutions Corp. intended to develop software based on the ANPR technologies in Latvia.

On June 14, 2016, the Company merged with its wholly-owned subsidiary ME Renewable Power Corporation, a Nevada corporation, and changed its name from Jarex Solutions Corp. to ME Renewable Power Corporation. The Company now intends to distribute green energy-saving and reusable equipment and materials. As of the date of this filing, the Company subsequently ceased these plans and is not currently engaged in any business operations. The Company is seeking to consummate a merger or acquisition.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company has adopted a December 31 fiscal year end.

2.2 Use of Estimates and Assumptions

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

2.3 Cash and Cash Equivalents

The Company considers all highly liquid instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.

2.4 Fair Value of Financial Instruments

The Company’s financial instruments consist of cash and loans to shareholders. The carrying amount of financial instruments approximates fair value because of the short-term nature of these items.

2.5 Property and Equipment

Property and equipment are stated at cost and depreciated on the straight line method over the estimated life of the asset, which is 3 years.

2.6 Income Taxes

The Company follows the asset and liability method of accounting for income taxes. Under this method, deferred income tax assets and liabilities are recognized for the estimated tax consequences attributable to differences between the financial statement carrying values and their respective income tax basis (temporary differences). The effect on deferred income tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

ME Renewable Power Corporation

NOTES TO THE FINANCIAL STATEMENTS

March 31, 2022

(Unaudited)

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

2.7 Basic Income (Loss) Per Share

The Company computes loss per share in accordance with “ASC-260”, “Earnings per Share” which requires presentation of both basic and diluted earnings per share on the face of the statement of operations.

Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

At March 31, 2022, there were no potentially dilutive debt or equity instruments issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses in this period.

2.8 Commitments and Contingencies

The Company follows ASC 440 & ASC 450, subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies and commitments respectively. Certain conditions may exist as of the date the financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur.

The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted claims that may result in such proceedings, the Company evaluates the perceived merits of any legal proceedings or un-asserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, then the nature of the contingent liability, and an estimate of the range of possible losses, if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case the guarantees would be disclosed. Management does not believe, based upon information available at this time, that these matters will have a material adverse effect on the Company’s consolidated financial position, results of operations or cash flows. However, there is no assurance that such matters will not materially and adversely affect the Company’s business, financial position, and results of operations or cash flows.

2.9 Recent Accounting Pronouncements

The Company reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

ME Renewable Power Corporation

NOTES TO THE FINANCIAL STATEMENTS

March 31, 2022

(Unaudited)

NOTE 3 – GOING CONCERN

The financial statements have been prepared on a going concern basis which assumes the Company will be able to realize its assets and discharge its liabilities in the normal course of business for the foreseeable future. The Company has incurred a loss since Inception (October 28, 2014) resulting in an accumulated deficit of $95,676 as of March 31, 2022 and further losses are anticipated in the development of its business. Accordingly, there is substantial doubt about the Company’s ability to continue as a going concern.

The effects of Covid -19 could impact our ability to operate under the going concern and maintain sufficient liquidity to continue operations. The impact of COVID-19 on companies is evolving rapidly and its future effects are uncertain. There are material uncertainties from Covid-19 that cast significant doubt on the company’s ability to operate under the going concern. It is possible that our company will have issues relating to the current situation that will need to be considered by management in the future. There will be a wide range of factors to take into account in going concern judgments and financial projections including travel bans, restrictions, government assistance and potential sources of replacement financing, financial health of suppliers and customers and their effect on expected profitability and other key financial performance ratios including information that shows whether there will be sufficient liquidity to continue to meet obligations when they are due.

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and/or obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand and loans from directors and/or private placement of common stock.

NOTE 4 – COMMON STOCK

On July 1, 2020 the Company Amended the Articles of Incorporation to increase the total authorized shares to 400,000,000 and change the par value; 390,000,000 shares of Common Stock with a par value of $0.0001 and 10,000,000 Blank Check Preferred with a par value of $0.0001. All share and per share information has been adjusted to reflect the change in par value.

There were 227,375,000 shares issued and outstanding at December 31, 2021 and March 31, 2022.

NOTE 5 – RELATED PARTY TRANSACTIONS

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders or directors. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances were considered temporary in nature and were not formalized by a promissory note.

ME Renewable Power Corporation

NOTES TO THE FINANCIAL STATEMENTS

March 31, 2022

(Unaudited)

NOTE 5 – RELATED PARTY TRANSACTIONS (Continued)

In 2015 a shareholder of the Company advanced the Company $11,074 to cover the Company’s operating expenses, the advance was non-interest bearing, due upon demand and unsecured. During the year ended December 31, 2016, the previous shareholder forgave loans to the Company in the amount of $11,074. The transaction was recorded to additional paid in capital.

During the year ended December 31, 2016, the Company was provided loans of $42,777 by MakDickWai David, a shareholder. The loan was non-interest bearing, due upon demand and unsecured In 2021 the Company had a Gain on Debt Extinguishment for this amount and cancelled the entirety of the loan, as of December 31, 2021, $0 is outstanding on this loan.

On May 21, 2020, $2,049 of debt that was paid by Joseph Passalaqua, a Related Party, was converted for 60,000,000 shares of common stock issued to Friction & Heat LLC, whose sole management member is Joseph Passalaqua.

On May 21, 2020, $3,600 of debt was paid by Joseph Passalaqua, a Related Party, as a non-interest bearing loan.

On July 2, 2020, $1,864 of debt was paid by Joseph Passalaqua, a Related Party, as a non-interest bearing loan.

On July 2, 2020, the total amount of $5,464 for both loans, was converted for 160,000,000 shares of common stock issued to Friction & Heat LLC, whose sole managing member is Joseph Passalaqua, in exchange for debt due to a Related Party.

In the year ended December 31, 2020, Joseph Passalaqua, a Related Party, paid expenses on behalf of the Company in the amount of $5,055. This amount is held in a Promissory Note, non-interest bearing, due on demand and unsecured.

In the year ended December 31, 2021, Joseph Passalaqua, a Related Party, paid expenses on behalf of the Company in the amount of $3,548. This amount is held in a Promissory Note, non-interest bearing, due on demand and unsecured.

In the three months ended March 31, 2022, Joseph Passalaqua, a Related Party, paid expenses on behalf of the Company in the amount of $1,940. This amount is held in a Promissory Note, non-interest bearing, due on demand and unsecured.

As of March 31, 2022, a total of $10,543 is owed to Joseph Passalaqua, in Promissory Notes in Related Party Notes Payable.

In the years ended December 31, 2020 and December 31, 2021, Joseph Passalaqua, a Related Party, committed to pay the professional expenses on behalf of the Company in the total amount of $11,500 and it was reclassified from Accounts Payable to Related Party Note Payable. The loan is non-interest bearing, due upon demand and unsecured. As of March 31, 2022, $11,500 is outstanding for unpaid professional expenses in Related Party Notes Payable.

In the years 2020-2022, a Related Party, Lyboldt-Daly Inc. provided the internal accounting for the Company. As of March 31, 2022, $14,720 is due in Related Party Payable for these services.

The Company currently operates out of an office of a related party free of rent.

NOTE 6 – INCOME TAXES

As of March 31, 2022, the Company had net operating loss carry forwards of approximately $95,676 that may be available to reduce future years' taxable income in varying amounts through 2042. Future tax benefits which arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

NOTE 7 - SUBSEQUENT EVENTS

Effective April 25, 2022, Friction & Heat, LLC, the previous majority shareholder of the Company, entered into a stock purchase agreement for the sale of 220,000,000 shares of Common Stock of the Company to Tek Financial Limited, organized under the laws of the Cayman Islands.As a result of the acquisition, Tek Financial Limited holds approximately 97% of the issued and outstanding shares of Common Stock of the Company, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company.

Also effective April 25, 2022, the previous sole officer and director of the company, Karina Garcia Peralta, resigned her positions with the Company. Upon such resignations, Peter Rooney was appointed as Chief Executive Officer, Treasurer and Secretary, and Director of the Company, and H’NH Paik Sun was appointed Director of the Company.

Item 2. Management's Discussion and Analysis of Financial Condition or Plan of Operation

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.

Our unaudited financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles. The following discussion should be read in conjunction with our financial statements and the related notes that appear elsewhere in this quarterly report. The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, those discussed below and elsewhere in this quarterly report.

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

As used in this quarterly report, the terms “we”, “us”, “our” and “our company” mean ME Renewable Power Corporation., unless otherwise indicated.

Corporate History

On May 31, 2016, our board of directors approved an agreement and plan of merger to merge with our wholly-owned subsidiary ME Renewable Power Corporation, a Nevada corporation, to effect a name change from Jarex Solutions Corp. to ME Renewable Power Corporation. Our company will remain the surviving company. ME Renewable Power Corporation was formed solely for the change of name.

Articles of Merger to effect the merger and change of name were filed with the Nevada Secretary of State on June 7, 2016, with an effective date of June 14, 2016.

The name change became effective with the Over-the-Counter Bulletin Board at the opening of trading on June 21, 2016. In addition to the change of name, our trading symbol changed to MEPW. Our CUSIP number is 552745 101.

Our principal office address is located at:

No. 19, Jalan Berjaya Baru, Taman Berjaya Baru, 43000 Kajang, Selangor,
Malaysia

On January 31, 2020, one of the Company’s shareholders made a motion and application to be appointed as custodian of the Company based on prior management abandoning its responsibilities to continue making filings at the Nevada Secretary of State’s office and for failing to hold a shareholders’ meeting in over 4 years and otherwise failing to keep current in its obligations to the Company. Upon motion and application to the District Court, Clark County Nevada, the Court granted the shareholder’s request and the shareholder was appointed as custodian for the Company (“Custodian”). As Custodian of the Company, the shareholder was ordered to file an amendment to the Company’s articles of incorporation which was filed in conformity with N.R.S. 78.347(4) and the shareholder was ordered to have the Company’s charter reinstated in Nevada, to notice and hold a shareholder meeting; to provide a report to the Court of the actions taken at the shareholder meeting; to identify and name a new registered agent in the State of Nevada; to reinstate the Company in the State of Nevada; and the Custodian. In addition to the aforementioned items set forth in the Order Appointing the Custodian, the Custodian was given the power and authority to take any action it deemed reasonable and for the benefit of the Company and its shareholders. The Custodian is now in the process of meeting all of the requirements set forth in the Court Order and filing a motion to terminate its services. Upon granting the motion, the Court will issue an Order acknowledging that the Custodian has performed all of the duties that had been required of it and the management of the Company will revert exclusively to the officers and directors appointed by the Custodian. As of the date of this filing the motion has been granted.

On May 23, 2020, the Custodian as an interim officer acting on behalf of the Company, appointed Karina Garcia Peralta as President, Principal Executive Officer, Principal Financial Officer, Director and Sole officer of the Company.

Effective April 25, 2022, the previous sole officer and director of the company, Karina Garcia Peralta, resigned her positions with the Company. Upon such resignations, Peter Rooney was appointed as Chief Executive Officer, Treasurer and Secretary, and Director of the Company, and H’NH Paik Sun was appointed Director of the Company

Current Business

After June 14, 2016, the Company merged with its wholly-owned subsidiary ME Renewable Power Corporation, a Nevada corporation, and changed its name from Jarex Solutions Corp. to ME Renewable Power Corporation. The Company intended to distribute green energy-saving and reusable equipment and materials. The Company subsequently ceased these plans and is not currently engaged in any business operations.

After the date of this report, effective April 25, 2022, Friction & Heat, LLC, the previous majority shareholder of the Company, entered into a stock purchase agreement for the sale of 220,000,000 shares of Common Stock of the Company to Tek Financial Limited, organized under the laws of the Cayman Islands. As a result of the acquisition, Tek Financial Limited holds approximately 97% of the issued and outstanding shares of Common Stock of the Company, and as such it is able to unilaterally control the election of our board of directors, all matters upon which shareholder approval is required and, ultimately, the direction of our Company.

Results of Operations

Three months ended March 31, 2022 compared to the three months ended March 31, 2021.

Our operating expenses for the three month period ended March 31, 2022 and March 31, 2021 are outlined in the table below:

	Three			Three
	months			months
	ended			ended
	March 31,			March 31,
	2022			2021
Revenue	$	0		$	0
General and Administrative Expenses	$	350		$	300
Professional fees	$	1,119		$	1,299
Net Operating Loss	$	(1,469	)	$	(1,599	))

Operating Revenues

No revenues were recorded for the three months ended March 31, 2022 and March 31, 2021.

Operating Expenses and Net Loss

Operating expenses for the three months ended March 31, 2022 were $1,469, compared with $1,599 for the three months ended March 31, 2021. The decrease in expenses for the current period was due to an decrease in operating expenses, that included general and administrative expenses and professional fees.

Net loss for the three months ended March 31, 2022 were $1,469, compared with $1,599 for the three months ended March 31, 2021. The decrease in net loss for the current period was due to an decrease in operating expenses. The operating expenses included general and administrative expenses and professional fees.

Liquidity and Capital Resources

Working Capital

	As at			As at
	March 31,			December 31,
	2022			2021
Current Assets	$	0		$	0
Current Liabilities	$	43,589		$	42,120
Working Capital (deficiency)	$	(43,589	)	$	(42,120	)

Cash Flows

	Three months			Three months
	Ended			Ended
	March 31,			March 31,
	2022			2021
Net cash used in operating activities	$	(1,940	)	$	0
Net cash used in investing activities	$	0		$	0
Net cash provided by financing activities	$	1,940		$	0
Net increase in cash	$	0		$	0

As at the year ended December 31, 2021, our total assets were $0 and as at March 31, 2022, our total assets were $0.

Liquidity and Capital Resources

As at March 31, 2022, we had total liabilities of $43,589 compared with total liabilities of $42,120 as at December 31, 2021. The increase in total liabilities was due to professional fees, general and administrative expenses and amounts owed to a related party of in the three months ended March 31, 2022.

As at March 31, 2022, we had a working capital deficit of $43,589 compared with a working capital of $42,120 as at December 31, 2021. The working capital deficit is due to amounts owed to a related party and increase in professional fees and general and administrative fees in the three months ended March 31, 2022. At March 31, 2022, we owed Related Party loans of $22,043, Related Party Payable of $14,720 and Accounts Payable of $6,826.

Cash Flow from Operating Activities

During the three months ended March 31, 2022 and March 31, 2021, $1,940 and $0 in cash was used for operating activities, respectively.

Cash Flow from Investing Activities

During the three months ended March 31, 2022 and March 31, 2021, we did not have any investing activities.

Cash Flow from Financing Activities

During the three months ended March 31, 2022 and March 31, 2021, $1,940 and $0 were provided in financing activities, respectively.

Going Concern

We have not attained profitable operations and are dependent upon obtaining financing to pursue any extensive acquisitions and activities. For these reasons, our auditors stated in their report on our audited financial statements that they have substantial doubt that we will be able to continue as a going concern without further financing.

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 are material to stockholders.

Future Financings

We expect that working capital requirements will continue to be funded through a combination of our existing funds, further issuances of securities and loans from our principal shareholder. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

Critical Accounting Policies

Our financial statements and accompanying notes have been prepared in accordance with United States generally accepted accounting principles applied on a consistent basis. The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods.

Critical Accounting Policies (Continued)

Use of Estimates

The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Basic Income (Loss) Per Share

Our company computes loss per share in accordance with "ASC-260", "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations.

Basic loss per share is computed by dividing net loss available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share give effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

For the three month period ended to March 31, 2022 there were no potentially dilutive debt or equity instruments issued or outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as our company incurred losses in this period.

Recently Issued Accounting Pronouncements

Our company has reviewed all the recently issued, but not yet effective accounting pronouncements and we do not believe any of these pronouncements will have a material impact on our company.

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

Management’s Report on Disclosure Controls and Procedures

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

As of the end of our quarter covered by this report, March 31, 2022 and as of the date of this filing, May 23, 2022, we carried out an evaluation, under the supervision and with the participation of our president, chief executive officer and chief financial officer; Peter Rooney of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president, chief executive officer and chief financial officer; Peter Rooney concluded that our disclosure controls and procedures were not effective in providing reasonable assurance in the reliability of our reports as of the end of the period covered by this quarterly report.

Changes in Internal Control over Financial Reporting

PART II - OTHER INFORMATION

Item 1. Legal Proceedings

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

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

None.

Item 6. Exhibits

Exhibit Number		Description
(3)		Articles of Incorporation; Bylaws
3.1		Articles of Incorporation (incorporated by reference to our Registration Statement on Form S-1 filed on February 23, 2015)
3.2		Bylaws (incorporated by reference to our Registration Statement on Form S-1 filed on February 23, 2015)
3.4		Articles of Merger filed with the Nevada Secretary of State on June 7, 2016 with an effective date of June 14, 2016 (incorporated by reference to our Current Report on Form 8-K filed on June 22, 2016)
(10)		Material Contracts
10.1		Software Development Agreement dated February 26, 2015 (incorporated by reference to our Registration Statement on Form S-1/A filed on March 25, 2015)
(31)		Rule 13a-14(a) / 15d-14(a) Certifications
31.1*		Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 of the Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer.
(32)		Section 1350 Certifications
32.1*		Certification pursuant to Section 906 of 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.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		ME RENEWABLE POWER CORPORATION
		(Registrant)

Dated: May 23, 2022	By:	/s/ Peter Rooney
		Peter Rooney
		Chief Executive Officer Chief Financial Officer, President
		(Principal Executive Officer) (Principal Financial Officer)