WWA GROUP INC

We had interest expense $521 for the three months ended March 31, 2016, compared to interest expense of $579 for the three months ended March 31, 2015.  Interest expense for both periods relates primarily to our line of credit with Huntington National Bank.  

During the three months ended March 31, 2016 we generated a slight profit from our operations.  We had operating losses during the three months ended March 31, 2015, largely as a result of losses from our operations prior to our transaction with AllCom, which closed on April 9, 2015.  Our cash and cash equivalents as of March 31, 2016 was $10,567.  Beginning with the second quarter of 2016 we believe our revenue will be sufficient to support our current ongoing operating expenses going forward.  

Our current liabilities increased by $9,976 and our total liabilities increased by the same amount as of March 31, 2016 as compared to December 31, 2015.  These slight increases were primarily due to increases in our accounts payable.

       For the three months ended March 31, 2016 we had net cash used by investing activities of $2,188, all of which was attributed to the purchase of property and equipment.  We did not have any net cash provided by or used by investing activities in the three months ended March 31, 2015.

We did not have any net cash provided by financing activities in either of the three-month periods ended March 31, 2016 or 2015.   

We issued an aggregate of 1,550,000 shares of our common stock to twelve (12) different individuals for services rendered to us, of which shares 1,000,000 were issued to our officers and/or directors.  The issuances were exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, due to the fact that the recipients are either accredited or sophisticated investor and are familiar with our operations.