MASS MEGAWATTS WIND POWER INC - Quarter Report: 2014 October (Form 10-Q)

mmmw_10q.htm

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended October 31, 2014

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934.

For the transition period from _______,20__, to _______,20__.

Commission File Number 000-32465

MASS MEGAWATTS WIND POWER, INC.

(Exact Name of Registrant as Specified in Charter)

Massachusetts		04-3402789
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification Number)

95 Prescott Street, Worcester, Massachusetts 01605
(Address of Principal Executive Offices)

(508) 751-5432
(Registrant's Telephone Number, Including Area Code)

Check whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 þ No o

Check if there is no disclosure of delinquent filers in response to Item 405 of Regulation S-B is not contained in this form, and no disclosure will be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in this Form 10-Q or any amendment to this Form 10-Q. Yes þ No o

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 definition of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (check one):

Large accelerated filer o

Accelerated filer o

o Non-accelerated filer

þ Smaller reporting company

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

There were 55,369,037 shares of the Registrant's no par value common stock outstanding as of October 31, 2014.

Mass Megawatts Wind Power, Inc.

CONTENTS

Part I - Financial Information

Item 1.	Financial Statements	1

Item 2.	Management's Discussion & Analysis and Plan of Operation	6

Item 3.	Quantitative and Qualitative Disclosures about Market Risks	12

Item 4.	Controls and Procedures	12

Part II - Other Information

Item 1.	Legal Proceedings	13

Item 2.	Changes in Securities	13

Item 3.	Defaults on Senior Securities	14

Item 4.	Submission of Matters to a Vote of Security Holders	14

Item 5.	Other Matters	14

Item 6.	Exhibits and Reports on Form 8-K	14

Signatures		15

PART I - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONTENTS

Financial Statements:

Balance Sheets as of October 31, 2014, and April 30, 2014 (Unaudited)	1

Statements of Operations for the Three and Six Months Ended October 31, 2014 and 2013 (Unaudited)	2

Statements of Cash Flows for the Six Months Ended October 31, 2014 and 2013 (Unaudited)	3

Notes to Unaudited Financial Statements	4

PART I - FINANCIAL INFORMATION

Mass Megawatts Wind Power, Inc.
Balance Sheets
(Unaudited)

	October 31,		April 30,
	2014		2014
ASSETS
Current Assets:
Cash	$	2,823	$	245
Prepaid expenses and other current assets		27,190		27,481
Total current assets		30,013		27,726

Fixed assets, net of accumulated depreciation of $39,739 and $38,775, respectively		1,036		2,000
Total assets	$	31,049	$	29,726

LIABILITIES AND STOCKHOLDERS' DEFICIT

Current Liabilities:
Accounts payable and accrued liabilities	$	172,088		$	172,143
Due to stockholder		74,466			51,007
Total current liabilities		246,554			223,150

Stockholders' deficit:
Common stock; no par value; 67,000,000 shares authorized; 55,369,037 and 43,179,537 issued and outstanding, respectively
		7,303,232			7,115,345
Additional paid in capital		12,569			12,569
Accumulated deficit		(7,531,306	)		(7,321,338	)
Total stockholders' deficit		(215,505	)		(193,424	)
Total liabilities and stockholders' deficit	$	31,049		$	29,726

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

Mass Megawatts Wind Power, Inc.
Statements of Expenses
(Unaudited)

	Three Months Ended						Six Months Ended
	October 31,						October 31,
	2014			2013			2014			2013

Operating expenses:
General and administrative	$	82,350		$	115,791		$	192,711		$	188,141
Loss on shares issued for compensation		2,584			7,735			10,028			17,535
Depreciation		497			653			964			1,304
Total operating expenses		85,431			124,179			203,703			206,980

Operating loss		(85,431	)		(124,179	)		(203,703	)		(206,980	)

Other income (expense):
Interest expense, net		(2,776	)		(2,947	)		(6,265	)		(5,878	)
Total other expense		(2,776	)		(2,947	)		(6,265	)		(5,878	)

Net Loss	$	(88,207	)	$	(127,126	)	$	(209,968	)	$	(212,858	)

Net loss per share - basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.01	)

Weighted average number of common shares - basic and diluted		52,366,885			31,158,386			49,222,871			29,326,460

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

Mass Megawatts Wind Power, Inc.
Statements of Cash Flows
(Unaudited)


	Six Months Ended
	October 31,
	2014			2013
OPERATING ACTIVITIES
Net loss	$	(209,968	)	$	(212,858	)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for services		86,407			85,611
Depreciation		964			1,304
Loss on shares issued for compensation		10,028			17,535
Changes in:
Prepaid expenses and other current assets		291			291
Accounts payable and accrued liabilities		(55	)		7,472
Net cash used in operating activities		(112,333	)		(100,645	)

FINANCING ACTIVITIES
Proceeds from issuance of common stock		91,452			105,883
Net borrowings (payments) on shareholder credit cards		(296	)		241
Borrowings on related party debt		36,355			129
Payments on related party debt		(12,600	)		(1,750	)
Net cash provided by financing activities		114,911			104,503

NET INCREASE IN CASH		2,578			3,858
CASH AT BEGINNING OF PERIOD		245			123
CASH AT END OF PERIOD	$	2,823		$	3,981

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid	$	6,265		$	5,878
Income tax paid		-			-

Noncash financing and investing activities:
Stock subscription receivable	$	-		$	108

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

Mass Megawatts Wind Power, Inc.

Notes to Unaudited Financial Statements

NOTE 1 – DESCRIPTION OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES

Mass Megawatts Wind Power, Inc. (“Mass Megawatts"), a Massachusetts corporation, was incorporated as Mass Megawatts, Inc. on May 27, 1997. Mass Megawatts, Inc. changed its name in January 2001 to Mass Megawatts Power, Inc. Mass Megawatts Power, Inc. changed its name on February 27, 2002 to Mass Megawatts Wind Power, Inc. Mass Megawatts' principal line of business is to develop its prototype wind energy production equipment and locate and adapt suitable operating facilities. It intends to build, patent, and operate wind energy generated power plants utilizing proprietary MultiAxis Turbine technology. Mass Megawatts expects to sell the generated electricity to the power commodity exchange on the open market, initially in California. In September 2014, Mass Megawatts introduced a program to develop and market a new solar tracking technology. The corporate headquarters is located in Worcester, Massachusetts.

The accompanying unaudited interim financial statements of Mass Megawatts Wind Power, Inc. have been prepared in accordance with the accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto contained in Mass Megawatt’s Annual Financial Statements included herein on this Form 10-K filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for the interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal period ended April 30, 2014 have been omitted.

Reclassifications

Certain prior year amounts have been reclassified to conform with the current year presentation.

Recently Issued Accounting Pronouncements

Mass Megawatts does not expect the adoption of any recently issued accounting pronouncements to have a significant impact on their financial position, results of operations or cash flows.

NOTE 2 - GOING CONCERN

The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and liabilities in the ordinary course of business. Operating losses have been incurred each year since inception, resulting in an accumulated deficit of $7,531,306 at October 31, 2014. In addition, at October 31, 2014, Mass Megawatts is not generating sufficient revenue to fund its ongoing operations. These conditions raise substantial doubt about Mass Megawatts' ability to continue as a going concern. Currently, management is soliciting additional equity investors through private placement offerings and is obtaining funding from Mass Megawatts' Chief Executive Officer to fund these losses; however, no assurance can be given as to the success of these efforts.

The financial statements of Mass Megawatts do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary if Mass Megawatts is unable to continue as a going concern.

NOTE 3 - RELATED PARTY TRANSACTIONS

At October 31, 2014, Mass Megawatts owed $74,466 to the Company’s President, which consisted of amounts owed on personal credit cards for company expenditures of $36,630 and cash funds advanced of $37,836.

Funds advanced during the fiscal year are due on demand, bear no interest, and are unsecured. Payments on stockholders credit cards are subject to the terms and conditions of the authorizing entities.

NOTE 4 - STOCKHOLDERS’ EQUITY

During the six months ended October 31, 2014:

Mass Megawatts issued 5,276,000 shares of common stock to consultants for their services. These shares were valued and recorded at fair value of $96,435 based on the quoted market price of our common stock.

Mass Megawatts sold 6,913,500 shares of common stock for cash of $91,452.

ITEM 2. MANAGEMENT'S DISCUSSION & ANALYSIS AND PLAN OF OPERATION

THIS FILING CONTAINS FORWARD-LOOKING STATEMENTS. THE WORDS "ANTICIPATED," "BELIEVE," "EXPECT," "PLAN," "INTEND," "SEEK," "ESTIMATE," "PROJECT," "COULD," "MAY," AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS. THESE STATEMENTS INCLUDE, AMONG OTHERS, INFORMATION REGARDING FUTURE OPERATIONS, FUTURE CAPITAL EXPENDITURES, AND FUTURE NET CASH FLOW. SUCH STATEMENTS REFLECT THE COMPANY'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND FINANCIAL PERFORMANCE AND INVOLVE RISKS AND UNCERTAINTIES, INCLUDING, WITHOUT LIMITATION, GENERAL ECONOMIC AND BUSINESS CONDITIONS, CHANGES IN FOREIGN, POLITICAL, SOCIAL, AND ECONOMIC CONDITIONS, REGULATORY INITIATIVES AND COMPLIANCE WITH GOVERNMENTAL REGULATIONS, THE ABILITY TO ACHIEVE FURTHER MARKET PENETRATION AND ADDITIONAL CUSTOMERS, AND VARIOUS OTHER MATTERS, MANY OF WHICH ARE BEYOND THE COMPANY'S CONTROL. SHOULD ONE OR MORE OF THESE RISKS OR UNCERTAINTIES OCCUR, OR SHOULD UNDERLYING ASSUMPTIONS PROVE TO BE INCORRECT, ACTUAL RESULTS MAY VARY MATERIALLY AND ADVERSELY FROM THOSE ANTICIPATED, BELIEVED, ESTIMATED, OR OTHERWISE INDICATED. CONSEQUENTLY, ALL OF THE FORWARD-LOOKING STATEMENTS MADE IN THIS FILING ARE QUALIFIED BY THESE CAUTIONARY STATEMENTS AND THERE CAN BE NO ASSURANCE OF THE ACTUAL RESULTS OR DEVELOPMENTS.

RESULTS OF OPERATIONS FOR THE PERIOD ENDED OCTOBER 31, 2014 AS COMPARED TO THE

PERIOD ENDED OCTOBER 31, 2013:

The Company shows a loss of $209,968 for the six months ended October 31, 2014 and $212,858 for the six months ended October 31, 2013. The losses are related mostly to the consulting fees and development of site locations for projects.

Liquidity and Capital Resources

We had total assets of $31,049 as of October 31, 2014, which consisted of cash of $2,823, prepaid expenses and other current assets of $27,190, and fixed assets net of accumulated depreciation of $1,036.

We had total liabilities of $246,554 as of October 31, 2014, consisting of accounts payable and accrued liabilities of $172,088 and loans and advances provided by director of $74,466.

We have incurred net losses since inception and had an accumulated deficit of $7,531,306 at October 31, 2014.

Net cash used in operating activities was $112,333 for the six months ended October 31, 2014. We had a net loss of $209,968 including non-cash items of $86,407 of shares issued for services, $10,028 of loss on shares issued for services and $964 of depreciation.

Net cash provided by financing activities was $114,911 for the six months ended October 31, 2014. Funds provided included $91,452 in proceeds from the sale of stock and $36,355 on advances by certain stockholders. This was offset by payments of $12,600 to shareholder and $ 296 net payment on shareholder credit cards.

We had no outstanding cash commitments as of October 31, 2014.

Mass Megawatts Wind Power, Inc. (the "Company") cautions readers that in addition to important factors described elsewhere, the following important facts, among others, sometimes have affected, and in the future could affect, the Company's actual results, and could cause the Company's actual results during 2014 and beyond to differ materially from those expressed in any forward-looking statements made by, or on behalf of the Company.

The Company has not had significant revenues from operations since its inception, but has raised funds through other means to maintain liquidity. Specifically, the Company raised capital with a private placement memorandum under Regulation D, Rule 506, selling shares of its common stock to raise $91,452 for the six months ended October 31, 2014. The Company has spent this money on updating prototypes, administration, working capital, marketing and advertising.

There is substantial doubt that the Company will have sufficient cash flows from operations to fund its operations for a minimum of 12 months following April 30, 2014 and is therefore dependent on financing from issuing capital stock or debt. In July 2009, the shareholders approved an increase of its authorized common stock from 7,000,000 to 12,000,000 shares. In July 2011, the shareholders again approved an increase of its authorized common stock from 12,000,000 to 18,000,000 shares. In July 2013, the shareholders approved an additional increase of its authorized common stock from 18,000,000 shares to 35,000,000 shares. An additional increase was approved during January 2014 from 35,000,000 shares to 67,000,000 shares. Mass Megawatts plans to continue to pursue additional equity financing to provide funds for operations.

The Company also expects to generate sales in fiscal 2014 and expects to be able to fund its operations for an additional 12 months, but cannot predict with any certainty its ability to do so. Without additional future sales, there is substantial doubt about the Company’s ability to continue as a going concern.

The Company has thirteen years of operating results, with no substantial revenues from operations. Much uncertainty exists about the Company's future as a result of the lack of operating revenue for several years. The lack of long-term experience in new product development could have an adverse impact on the Company.

The Company's ticker symbol is MMMW and the stock is traded as an OTCQB listed company on the OTC stock market.

Mass Megawatt's market share and any changes in the underlying economics of the industry are expected to have a minimal effect on the Company's operating results within the next 12 months. This is due to the large market for electricity and the Company’s overall market share having little or no impact on a market of this size.

The wind and solar industry is favorably impacted by new legislation and regulations toward a cleaner air environment. This trend toward renewable generated electricity continues to grow, particularly in view of the non-polluting nature of wind and solar generation and its endless renewable source. However, there remains some uncertainty on whether or not the federal or state governments will continue with favorable environmental legislation despite popular support toward renewable energy.

The electric power industry is undergoing a period of deregulation and restructuring that is similar to the telecommunication deregulation of the 1980's. It is impossible to predict whether this change will have a favorable or unfavorable impact for the industry as a whole. It is anticipated, however, that restructuring could present more advantages and opportunities for the Company's product by enabling it to compete in the new marketplace.

RESULTS OF OPERATIONS

Six Months Ended October 31, 2014 compared to the Six Months Ended October 31, 2013

The net loss for the six months ended October 31, 2014 (“2015 Period”) was $209,968 compared to a net loss of $212,858 for the six months ended October 31, 2013 (“2014 Period”), a decrease of $2,890. This decrease in net loss is primarily attributable to a decrease in general and administrative expenses.

Our operating expenses were $203,703 for the 2015 Period compared to $206,980 for the 2014 Period, a decrease of $3,277. This decrease in operating expenses is primarily attributable to decreases in consulting and professional fees of $15,336 and other administrative costs of $1,141 offset by increases in State taxes and filing fees of $13,200.

Three Months Ended October 31, 2014 compared to the Three Months Ended October 31, 2013

The net loss for the three months ended October 31, 2014 (“2015 Period”) was $88,207 compared to a net loss of $127,126 for the three months ended October 31, 2013 (“2014 Period”), a decrease of $38,919. This decrease in net loss is primarily attributable to decreases of $33,521 in consulting, $5,227 in other general and administrative expenses and $171 in interest expense.

Our operating expenses were $85,431 for the 2015 Period compared to operating expenses of $124,179 for the 2014 period, a decrease of $38,748. This decrease in operating expenses is primarily attributable to decreases of $33,521 in consulting and $5,227 in prototype development and other general and administrative expenses.

OPERATIONS SUMMARY

Mass Megawatts Wind Power, Inc. recently announced the company’s entry into the $12 billion, US solar power market with the development of a new solar tracking technology that significantly increases the level of energy produced by solar power systems. This innovative design, combined with substantial government incentives, has created an unprecedented opportunity for residential and commercial electric users.

The patent pending, Mass Megawatts 'Solar Tracking System' (STS) is a complete solar power system that’s designed to continually adjust the position of solar panels to receive the optimal level of direct sunlight throughout the day. Unlike other solar tracking technologies, the Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall solar-power system while improving energy production levels for the customer.

There are many advantages to owning a Solar Tracking System (STS) …

●	Increases solar energy production by 25+% over traditional solar power systems

●	Provides an affordable, solar-power solution for home and business use

●	Reduces (or eliminates) the need to purchase high-priced electricity from the local utility

●	Significantly lowers your monthly electric bill with Net Metering.

●	Provides an impressive ROI of 20 to 40% with payback occurring within a few years

●	Available federal, state, and local incentives can reduce your costs dramatically…

	m	30% Federal Tax Credit on full purchase price of STS (no limit)

	m	State rebates, such as the Commonwealth rebate (up to $4,250)

	m	State Tax credit, such as MA credit of $1,000

	m	Sale of generated SRECs, which can add thousands in yearly revenue

●	Flexible purchase plans offered by Mass Megawatts can limit out-of-pocket costs.

●	Mass Megawatts handles everything, including installation and servicing, etc.

●	STS is designed to withstand extreme weather and high winds

●	Comes with a full performance guarantee from Mass Megawatts

●	Helps our environment by reducing the demand for fossil-fuel energy sources that generate harmful CO2 emissions

The highest priority is to complete the third party verification of the technology. The purpose is to prove the new product's long term durability in order to be eligible for debt financing and receive more favorable equity financing in the future.

The next priority is our marketing program. While it is true that minimal marketing efforts will be required, there will be some initial marketing of the product to bring it to the attention of potential buyers. Upon successful third party verification, Mass Megawatts can begin developing strategic alliances with other wind power developers who have done the initial more expensive and sometimes complicated steps of zoning, financing and other requirements toward developing much larger commercial wind energy projects. The developers would benefit from Mass Megawatt's new product if it can be proven to be more cost effective in the finance community. No assurance can be given as to the development of a successful new product. However, the third party verification should go a long way toward removing the doubt.

Included in the marketing program, is the initial establishment of strategic alliances with companies involved with green marketing programs. During the third party verification process, Mass Megawatts, plans to begin these efforts with "word of mouth" techniques at business organizations and with power brokers. As a lower priority Mass Megawatts may be involved in very limited efforts to include direct advertising to green pricing customers either through direct mail or advertising in the media in conjunction with environmental related events. On a limited budget, the Company plans to be able to determine which marketing methods are most effective by marketing in a very limited geographical area.

As initial marketing efforts including "word of mouth" techniques have matured, the Company plans to advertise in local publications if cash flow allows continued marketing efforts. Again as noted earlier, no assurance can be given as to the development of a successful marketing program. If successful, television and radio advertisement could be utilized.

As our next priority, working capital and administrative support plans to be used for contingencies on an "as needed" basis.

Over the past year, Mass Megawatts has continued to refine the engineering details and construction. These advances are currently being applied to the third party verification and ultimately accelerate worldwide awareness and acceptance of the MAT technology.

In addition, Mass Megawatts has created valuable financial analysis materials to allow our potential customer base to identify effective financing methods. This will facilitate the sale of MAT units going forward.

EMPLOYEES

As of October 31, 2014, the Company had no employees. Jonathan Ricker is an executive officer, and is not considered an employee. The Company does hire consultants and other professionals including carpenters, ironworkers, electricians and computer programmers working directly on construction projects as necessary. During the six month period ended October 31, 2014, there were no employees hired directly by the Company. Mass Megawatts has retained other members of the management team as consultants. Mass Megawatts believes that there will be no significant changes in the number of employees. The Company does not have a collective bargaining agreement and Mass Megawatts does not have an employment contract with Mr. Ricker.

STRATEGY AND MARKETING

The Company plans to approach the simplest method of initial market penetration and then sell directly to the power exchanges. The Company plans to try to avoid difficulties of obtaining sites, financing, and locating potential purchasers of power plants. Our strategy places turbines in locations where the purchase contracts from utilities for energy are already available. We have identified large users of electric power . Also, we had initial meetings with the local planning boards of the communities with the proposed sites and decision makers who purchase the electricity. We also plan to have strategic alliances with developers of proposed sites and construction companies as Mass Megawatts grows rapidly

Also, a groundswell across the nation for Green Power/renewable energy has prompted state and federal legislatures to offer tremendous tax credits and incentives including a federal tax credit of 30% of the capital cost passed by Congress and signed into law by President Obama. Capitalizing on this trend, Mass Megawatts Wind Power, Inc. has prepared a MAT sales presentation for high tax bracket individuals and corporations. For those qualifying, the financial risk of purchasing a MAT unit is minimized by the tax advantages. (Details may be found on our website under "New Developments -- Tax Package".) Revenue generated from these initial sales will accelerate internal growth and promote additional sales opportunities.

DISTRIBUTION

Although little marketing is required for profitable trades on the power exchanges, the Company will, at some time in the future, seek a higher price for each kilowatt/hour sold. When the Company pursues this effort, sales and service activities are planned to be handled through strategic alliances with new and emerging electric power brokers, which have formed as a result of deregulation in the retail sale of electricity. Power brokers buy blocks of electricity in megawatt/hour units. For example, a power broker would enter into a contract to purchase 10,000 megawatts/hours of electricity for $400,000 over a period of one year and provide a five percent non-refundable deposit on each block of electricity reserved for future purchases. Such brokers include All Energy, Green Mountain Resources, and Energy Vision. Another marketing resource for the Company’s product is Electricity Choice, which helps negotiate consumer electric sales. The Company plans to aggressively promote its products to brokers, focusing on cost savings and environmental benefits. It plans to also solicit bids from power brokers, most of who are registered in the states in which they do business. Compensation to brokers is straightforward and is typically calculated as a percentage of power sales.

CRITICAL ACCOUNTING POLICIES

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 amount 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. The Company reviews its estimates, including but not limited to, recoverability of long-lived assets, recoverability of prepaid expenses and deposits on a regular basis and makes adjustments based on historical experiences and existing and expected future conditions. These evaluations are performed and adjustments are made as information is available. Management believes that these estimates are reasonable; however, actual results could differ from these estimates.

Item 3. Quantitative and Qualitative Disclosures about Market Risks

Not applicable

Item 4. Controls and Procedures

Evaluation of disclosure controls and procedures.

Our Management, principally our chief executive officer and chief financial officer, which is the same person, evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934). Based on this evaluation, our chief executive officer and chief financial officer concluded that, as of the end of such period, the Company’s disclosure controls and procedures were not effective, as required under Rules 13a-15(e) and 15d-15(e) under the Exchange Act due to a lack of segregation of duties and an overreliance on consultants in our accounting and reporting process.

Changes in Internal Control Over Financial Reporting

There have been no changes in the Company’s internal control over financial reporting during the six months ended October 31, 2014 that have materially affected, or are reasonably likely to materially affect, the Company’s internal controls over financial reporting.

Certification by each Director and executive officer has been executed.

PART II - OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

None

ITEM 2. CHANGES IN SECURITIES

During the three months ended October 31, 2014, the Company issued the following shares of stock:

	Shares		Amount
Common stock for cash at $0.010 per share (August 2014)		985,000	$	9,850
Common stock for cash at $0.010 per share (August 2014)		560,000	$	5,600
Common stock for cash at $0.012 per share (August 2014)		467,000	$	5,604
Common stock for services at $0.0146 per share (August 2014)		60,000	$	876
Common stock for services at $0.015 per share (August 2014)		60,000	$	900
Common stock for services at $0.0152 per share (August 2014)		390,000	$	5,928
Common stock for services at $0.0155 per share (August 2014)		70,000	$	1,085
Common stock for cash at $0.02 per share (August 2014)		275,000	$	5,500
Common stock for cash at $0.010 per share (September 2014)		409,000	$	4,090
Common stock for services at $0.0134 per share (September 2014)		100,000	$	1,340
Common stock for services at $0.0136 per share (September 2014)		100,000	$	1,360
Common stock for cash at $0.0137 per share (September 2014)		275,000	$	3,768
Common stock for cash at $0.015 per share (September 2014)		77,000	$	1,150
Common stock for services at $0.015 per share (September 2014)		226,000	$	3,390
Common stock for cash at $0.010 per share (October 2014)		200,000	$	2,000
Common stock for services at $0.0125 per share (October 2014)		150,000	$	1,875
Common stock for cash at $0.0135 per share (October 2014)		423,000	$	5,711
Common stock for cash at $0.0150 per share (October 2014)		330,000	$	4,950
Common stock for cash at $0.016 per share (October 2014)		380,000	$	6,080
Common stock for cash at $0.017 per share (October 2014)		100,000	$	1,700
Common stock for cash at $0.02 per share (October 2014)		400,000	$	8,000
Common stock for cash at $0.024 per share (October 2014)		50,000	$	1,200
Common stock for services at $0.024 per share (October 2014)		150,000	$	3,600
Common stock for cash at $0.028 per share (October 2014)		50,000	$	1,400
Common stock for services at $0.028 per share (October 2014)		200,000	$	5,600
Common stock for cash at $0.030 per share (October 2014)		50,000	$	1,500
Common stock for services at $0.030 per share (October 2014)		100,000	$	3,000

Common stock issued for services is valued at its fair market value. These shares are not registered under Rule 506 of Regulation D, which is an exemption of Section 4(c) of the Securities Act of 1933.

Rule 506 of Regulation D is considered a "safe harbor" for the private offering exemption of Section 4(2) of the Securities Act. Companies using the Rule 506 exemption can raise an unlimited amount of money. A company can be assured it is

within the Section 4(2) exemption by satisfying the following standards:

The company cannot use general solicitation or advertising to market the securities;

The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchases. Unlike Rule 505, all non-accredited investors, either alone or with a purchaser representative, must be sophisticated-that is, they must have sufficient knowledge and experience in financial and business matters to make them capable of evaluating the merits and risks of the prospective investment;

Companies must decide what information to give to accredited investors, so long as it does not violate the antifraud prohibitions of the federal securities laws. But companies must give non-accredited investors disclosure documents that are generally the same as those used in registered offerings. If a company provides information to accredited investors, it must make this information available to non-accredited investors as well;

The company must be available to answer questions by prospective purchasers;

Financial statement requirements are the same as for Rule 505; and

Purchasers receive "restricted" securities, meaning that the securities cannot be sold for at least a year without registering them. While companies using the Rule 506 exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what is known as a "Form D" after they first sell their securities. Form D is a brief notice that includes the names and addresses of the company's owners and stock promoters, but contains little other information about the company.

ITEM 3. DEFAULTS ON SENIOR SECURITIES

During the six month period ended October 31, 2014, the Company was not in default on any of its indebtedness.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the six month period ended October 31, 2014, no matters were submitted to the security holders for a vote.

ITEM 5. OTHER MATTERS

None.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

(a)	Exhibits -

31		CERTIFICATION OF PRINCIPAL EXECUTIVE AND FINANCIAL OFFICER PURSUANT TO 18 U.S.C 1350, AS ADOPTED, AND THE REQUIREMENTS OF SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

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

SIGNATURES

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

		MASS MEGAWATTS WIND POWER, INC.

Dated:	12/31/14	By: /s/ Jonathan Ricker
		Chairman, Chief Executive Officer,
		Chief Financial Officer and
		Principal Accounting Officer

Dated:	12/31/14	By: /s/ Gary Bedell
		Gary Bedell
		Director

Dated:	12/31/14	By: /s/ Debra Kasputis
		Debra Kasputis
		Director