The Language Arts Corp. (the “Company”) was incorporated on April 22, 2013 in the State of Nevada to design, develop and launch an online language learning and translation service via the Internet but never commenced such planned operations and has limited start-up operations and generated no revenues.

The accompanying condensed consolidated financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the United States Securities and Exchange Commission. Accordingly, they do not include all of the information and notes required by US GAAP for complete financial statements.

The accompanying condensed consolidated financial statements at July 31, 2014 and April 30, 2014 and for the three months ended July 31, 2014 and 2013 contain all normally recurring adjustments considered necessary for a fair presentation of the Company’s financial position, results of operations, cash flows and shareholders’ equity for such periods. Operating results for the three months ended July 31, 2014 are not necessarily indicative of the results that may be expected for the year ending April 30, 2015.

These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended April 30, 2014.

The Company’s financial statements are prepared using US GAAP applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. This condition raises substantial doubt about the Company’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

Stock Acquisition and Change of Control:

On July 23, 2014, pursuant to a stock purchase agreement (the “Purchase Agreement”) with the Company, FLASR, Inc. (“FLASR”) and Mr. Everett Dickson, FLASR’s sole shareholder, consummated the purchase of 6,000,000 shares of common stock of the Company. The shares represent 63.15% of the issued and outstanding shares of the Company on a fully diluted basis. The purchase price for the shares was $30,000.

The Purchase Agreement contains customary representations and warranties from the Company, FLASR and Mr. Dickson.

Effective July 23, 2014, pursuant to the Purchase Agreement, Ms. Jaen resigned as the sole officer and director of the Company and Mr. Dickson was appointed President, Chief Executive Officer, Chief Financial Officer and sole director of the Company.

Mr. Dickson, the new majority stockholder and sole officer and director of the Company, took control of the Company with the intention of merging his private, solely owned company FLASR into the Company. This transaction will occur when the requisite approvals and authorizations, if any, are obtained, and the appropriate disclosure is filed with the United States Securities and Exchange Commission (“SEC”).

As of the filing date of the July 31, 2014 Form 10Q with the SEC, there was no agreement between the Company and Mr. Dickson regarding the acquisition of the stock of FLASR.

Stock Dividend, Name Change and Increase in Authorized Common Stock Shares:

On July 30, 2014, the Company’s board of directors approved the implementation of a stock dividend payment in the form of a 1:6 forward stock split whereby shares of common stock held by each stockholder of record on August 28, 2014 will automatically receive shares at the rate of 1 for 5, without any action on the part of the stockholders. Accordingly, there will be an additional 47,500,000 shares of common stock issued and outstanding.

The Company has also filed an application with the Financial Institution Regulatory Authority (“FINRA”) to (i) change the ticker symbol of the Company to ‘FLASR’, (ii) change the name of the Company to FLASR Inc. (the “New FLASR”), (iii) increase the authorized share shares of common stock from 75,000,000 to 150,000,000 and (iv) increase the authorized share capital of the Company by providing for the adoption of 5,000,000 shares of blank check preferred stock.

The company has limited operations and is considered to be in the development stage. Effective this quarter, the Company has elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the company to remove the inception to date information and all references to development stage.

Other than the above, the Company’s management has considered all other recent accounting pronouncements issued since formation and believes that these pronouncements will not have a material effect on the Company’s financial statements.

In the normal course of business, the Company may become subject to lawsuits and other claims and proceedings. Such matters are subject to uncertainty and outcomes are not predictable with assurance. Management is not aware of any pending or threatened lawsuits or proceedings which would have a material effect on the Company’s financial position, liquidity, or results of operations.