FORWARD LOOKING STATEMENTS

Except for historical information, this report contains forward-looking statements. Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words "expects," "anticipates," "intends," "believes" and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed herein as well as in the "Description of Business" section in our Form 10-K, as filed with the SEC on February 04, 2022. You should carefully review the risks described in our Annual Report and in other documents we file from time to time with the Securities and Exchange Commission. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances after the date of this document.

Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements.

All references in this Form 10-Q to the "Company," "Bally," "we," "us," or "our" are to Bally, Corp.





Corporate Overview

We were incorporated under the laws of the State of Nevada on March 13, 2013. From inception, it was our intent to import small farming, household gardening and general small tools directly from manufacturers and market to consumers in the Republic of India. Management of our company is currently evaluating our future strategic business plans.

Our address is 986 Dongfang Rd., One Hundred Shanshan Bldg 25th Fl, Pudong, Shanghai, China 200122. Our telephone number is +86 136 1833 3008.

We do not have any subsidiaries. We do not have a corporate website.

We have not ever declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.





Our Current Business

We are currently seeking new business opportunities with established business entities for merger with or acquisition of a target business. In certain instances, a target business may wish to become our subsidiary or may wish to contribute assets to us rather than merge. We have not yet begun negotiations or entered into any definitive agreements for potential new business opportunities, and there can be no assurance that we will be able to enter into any definitive agreements.

Any new acquisition or business opportunities that we may acquire will require additional financing. There can be no assurance, however, that we will be able to acquire the financing necessary to enable us to pursue our plan of operation. If our company requires additional financing and we are unable to acquire such funds, our business may fail.






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Management of our company believes that there are benefits to being a reporting company with a class of securities quoted on the OTC Markets, such as: (i) the ability to use registered securities to acquire assets or businesses; (ii) increased visibility in the financial community; (iii) the facilitation of borrowing from financial institutions; (iv) potentially improved trading efficiency; (v) potential stockholder liquidity; (vi) potentially greater ease in raising capital subsequent to an acquisition; (vii) potential compensation of key employees through stock awards or options; (viii) potentially enhanced corporate image; and (ix) a presence in the United States' capital market.

We may seek a business opportunity with entities that have recently commenced operations, or entities who wish to utilize the public marketplace in order to raise additional capital in order to expand business development activities, to develop a new product or service, or for other corporate purposes. We may acquire assets and establish wholly- owned subsidiaries in various businesses or acquire existing businesses as subsidiaries.

In implementing a structure for a particular business acquisition or opportunity, we may become a party to a merger, consolidation, reorganization, joint venture, or licensing agreement with another corporation or entity. We may also acquire stock or assets of an existing business. Upon the consummation of a transaction, it is anticipated that our sole officer and director will continue to manage the Company.

As of the date hereof, we have not entered into any formal written agreements for a business combination or opportunity. When any such agreement is reached, we intend to disclose such an agreement by filing a current report on Form 8-K.

We anticipate that the selection of a business opportunity in which to participate will be complex and without certainty of success. Business opportunities may be available in many different industries and at various stages of development, all of which will make the task of comparative investigation and analysis of such business opportunities extremely difficult and complex. Business opportunities that we believe are in the best interests of our company may be scarce, or we may be unable to obtain the ones that we want. We can provide no assurance that we will be able to locate compatible business opportunities.

Currently, we do not have a source of revenue. We are not able to fund our cash requirements through our current operations. We have been reliant on loans by affiliated and non-affiliated parties to provide financial contributions and services to keep our company operating. Further, we believe that our company may have difficulties raising capital from other sources until we locate a prospective merger candidate through which we can pursue our plan of operation. If we are unable to secure adequate capital to continue our acquisition efforts, our shareholders may lose some or all of their investment and our business may fail. We currently have no written or oral agreement from our majority shareholder to continue to provide financial contributions.





Results of Operations.

The following summary of our results of operations should be read in conjunction with our unaudited financial statements for the period ended March 31, 2022, which are included herein.

Our operating results for the three and six months ended March 31, 2022, and 2021 and the changes between those periods for the respective items are summarized as follows.





Three months ended March 31, 2022, compared to three months ended March 31,
2021:



                               Three Months Ended
                                    March 31,
                                2022          2021       Change
Revenue                      $        -      $     -     $     -
General and administrative        6,782        7,000        (218 )
Net loss                     $    6,782      $ 7,000     $  (218 )

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

Our financial statements report a net loss of $6,782 for the three months ended March 31, 2022, compared to a net loss of $7,000 for the three months ended March 31, 2021, solely from operating expenses. Operating expenses consists primarily of professional fees.






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Six months ended March 31, 2022, compared to Six months ended March 31, 2021:





                               Six Months Ended
                                   March 31,
                               2022         2021        Change
Revenue                      $      -     $      -     $      -

General and administrative 23,082 22,500 582 Net loss

$ 23,082     $ 22,500     $    582

During the six months ended March 31, 2022, and 2021, we did not have any revenues.

Our financial statements report a net loss of $23,082 for the six months ended March 31, 2022, compared to a net loss of $22,500 for the six months ended March 31, 2021, solely from operating expenses. Operating expenses consists primarily of professional fees.

Liquidity and Capital Resources

The following table provides selected financial data about our company as of March 31, 2022 and September 30, 2021, respectively.





Working Capital



                             March 31,       September 30,
                                2022             2021           Changes
Current Assets               $    2,250     $             -     $  2,250
Current Liabilities             119,164              93,832       25,332
Working Capital Deficiency   $  116,914     $        93,832     $ 23,082

As at March 31, 2022 and September 30, 2021, our total current assets were $2,250 and $0, respectively.

As at March 31, 2022, our current liabilities were $119,164 compared to $93,832 in current liabilities as at September 30, 2021. Stockholders' deficit was $116,914 as of March 31, 2022 compared to stockholders' deficit of $93,832 as of September 30, 2021. The increase in current liabilities is primarily due to an increase in due to an officer for payments made for operating expenses.





Cash Flows



                                              Six Months Ended
                                                  March 31,
                                             2022           2021

Net cash used in operating activities $ - $ - Net cash used in investing activities

             -             -
Net cash provided by financing activities         -             -
Net change in cash                          $     -         $   -




Operating Activities

The Company did not use any funds for operating activities during the six months ended March 31, 2022 and 2021. During the six months ended March 31, 2022, and 2021, the Company's sole officer paid $25,332 and $17,800, respectively, on behalf of the Company for operating expenses.





Investing Activities

The Company did not use any funds for investing activities during the six months ended March 31, 2022 and 2021.





Financing Activities

The Company did not use any funds for financing activities during the six months ended March 31, 2022 and 2021.






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Going Concern

As reflected in the accompanying financial statements, the Company has not generated any revenues since inception. The Company had a net loss of $23,082 for the six months ended March 31, 2022, working capital deficiency of $116,914 and an accumulated deficit of $296,294 as of March 31, 2022. This means that there is substantial doubt that we can continue as an ongoing business for the next twelve months unless we obtain additional capital to pay for our expenses, as we have not generated any revenues and no sales are yet possible. There is no assurance we will ever reach this point. Accordingly, we must raise sufficient capital from sources. Our only other source for cash at this time is investment by our sole director and officer. We must raise cash to stay in business. In response to these problems, management intends to raise additional funds through public or private placement offerings. At this time, however, the Company does not have plans or intentions to raise additional funds by way of the sale of additional securities. We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Critical Accounting Policies

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with the accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses. These estimates and assumptions are affected by management's application of accounting policies. We believe there are no material estimates or assumptions with levels of subjectivity and judgement necessary to be considered critical accounting policies.

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, and capital expenditures or capital resources that are material to stockholders.

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