AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JANUARY 17, 2018.


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



FORM S-1



REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933



Vado Corp.

(Exact name of registrant as specified in its charter)



Nevada

(State or other jurisdiction of incorporation)



7389

(Primary Standard Industrial Classification Code Number)

30-0968244

(IRS Employer Identification No.)


Dlhá 816/9

Nitra, Slovakia 94901

Tel: (421)-372302900

(Address and telephone number of registrant's principal executive offices)



INCORP SERVICES, INC.

 3773 HOWARD HUGHES PARKWAY, STE. 500S

LAS VEGAS, NV 89169-6014

TEL. (702) 866-2500

FAX.  (702) 866-2689


(Name, address and telephone number of agent for service)


Approximate date of commencement of proposed sale to the public: As soon as practicable after the effective date of this Registration Statement.



If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. xx



If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act Registration Statement number of the earlier effective Registration Statement for the same offering. oo



If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act Registration Statement number of the earlier effective Registration Statement for the same offering. oo



If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act Registration Statement number of the earlier effective Registration Statement for the same offering. oo





1



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



Large accelerated filer oo

Accelerated Filer oo

Non-accelerated filer oo

Smaller reporting company X



CALCULATION OF REGISTRATION FEE

=============================================================================

                                       

Proposed         

Proposed

Title of                             

maximum          

maximum

securities             

Amount          

offering        

aggregate     

Amount    

to be                 

to be           

price          

                  offering     

registered           

registered       

per share       

price         

fee

----------------------------------------------------------------------------------------------------------------------------------

Common Stock          6,000,000         

 $0.02          

$120,000  

 $13.64

=============================================================================



The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to such section 8(a), may determine .



2





VADO CORP.

6,000,000 SHARES OF COMMON STOCK

$0.02 per share

NO MINIMUM



This is the initial offering of Common stock of Vado Corp. and no public market exists for the securities being offered. Vado Corp. is offering for sale a total of 6,000,000 shares of its Common Stock on a "self-underwritten", best effort basis. The shares will be offered at a fixed price of $0.02 per share for a period not to exceed 270 days from the date of this prospectus, unless extended by our Board of Directors for an additional 90 days. The offering is being conducted on a self-underwritten, best efforts basis, which means our President, Dusan Konc, will attempt to sell the shares. We are making this offering without the involvement of underwriters or broker-dealers.



There is no minimum number of shares required to be purchased. This offering is on a best effort basis, meaning, no minimum number of shares must be sold.  See "Use of Proceeds" and "Plan of Distribution".



Vado Corp. is a development stage, start-up company. Any investment in the shares offered herein involves a high degree of risk. You should only purchase shares if you can afford a complete loss of your investment.


There has been no market for our securities and a public market may never develop, or, if any market does develop, it may not be sustained. Our common stock is not traded on any exchange or on the over-the-counter market. After the effective date of the registration statement relating to this prospectus, we hope to have a market maker file an application with the Financial Industry Regulatory Authority (“FINRA”) for our common stock to be eligible for trading on the Over-the-Counter Bulletin Board and/or OTC Link. To be eligible for quotation, issuers must remain current in their quarterly and annual filings with the SEC. If we are not able to pay the expenses associated with our reporting obligations, we will not be able to apply for quotation on the OTC Bulletin Board and/or OTC Link. We do not yet have a market maker who has agreed to file such application. There can be no assurance that our common stock will ever be quoted on a stock exchange or a quotation service or that any market for our stock will develop.


BEFORE INVESTING, YOU SHOULD CAREFULLY READ THIS PROSPECTUS AND, PARTICULARLY, RISK FACTORS SECTION, BEGINNING ON PAGE 6.



Vado Corp. qualifies as an “emerging growth company” as defined in the Jumpstart our Business Startups Act (the “JOBS Act”).


Subscription funds that are accepted by the Company will be deposited directly into its operating account and will not be held in escrow.  The funds will be available for immediate use by the Company.  The Company does not have a minimum capitalization requirement and therefore no other subscription, escrow or impound account is being established for the Offering. The invested funds are irrevocable and will not be returned to investors.   


Neither the U.S. Securities and Exchange Commission nor any state securities division has approved or disapproved these securities, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.


Proceeds


                    

Offering         

 Total

                     

Price          

Amount of       

Underwriting       

Proceeds

                   

Per Share        

Offering        

Commissions         

To Us

                   

---------        

--------        

-----------         

-----

Common Stock           $0.02          

$120,000            

$0         

$120,000





THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. WE MAY NOT SELL THESE SECURITIES UNTIL THE REGISTRATION STATEMENT FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER TO SELL THESE SECURITIES AND IT IS NOT SOLICITING AN OFFER TO BUY THESE SECURITIES IN ANY STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.



Subject to Completion,


Dated ___________ , 2018



3



TABLE OF CONTENTS



SUMMARY OF PROSPECTUS

 

5

GENERAL INFORMATION ABOUT OUR COMPANY

 

5

THE OFFERING

 

5

RISK FACTORS

 

6

RISKS ASSOCIATED WITH OUR COMPANY

 

6

RISKS ASSOCIATED WITH THIS OFFERING

 

8

USE OF PROCEEDS

 

13

DETERMINATION OF OFFERING PRICE

 

14

DILUTION OF THE PRICE YOU PAY FOR YOUR SHARES

 

14

PLAN OF DISTRIBUTION

 

 15

OFFERING WILL BE SOLD BY OUR OFFICER AND DIRECTOR

 

15

TERMS OF THE OFFERING

 

15

DEPOSIT OF OFFERING PROCEEDS

 

15

PROCEDURES FOR AND REQUIREMENTS FOR SUBSCRIBING

 

15

DESCRIPTION OF SECURITIES

 

16

INTEREST OF NAMED EXPERTS AND COUNSEL

 

16

DESCRIPTION OF BUSINESS

 

16

LEGAL PROCEEDINGS

 

19

MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS

 

19

FINANCIAL STATEMENTS

 

20

MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

 

20

CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING

AND FINANCIAL DISCLOSURE

 

22

DIRECTOR, EXECUTIVE OFFICER, PROMOTER AND CONTROL PERSON

 

22

EXECUTIVE COMPENSATION

 

23

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

 

24

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

 

24

INDEMNIFICATION 

 

24

AVAILABLE INFORMATION

 

25

 



4





VADO CORP.

Dlhá 816/9

Nitra, Slovakia 94901


 SUMMARY OF PROSPECTUS

You should read the following summary together with the more detailed business information, financial statements and related notes that appear elsewhere in this prospectus. In this prospectus, unless the context otherwise denotes, references to "we," "us," "our" and "Vado" are to Vado Corp.



GENERAL INFORMATION ABOUT OUR COMPANY


Vado Corp. Inc. was incorporated in the State of Nevada on February 10, 2017.  We are a development stage company and intend to commence operations in the embroidery business in the European Union. As of today, we have generated no revenues. Our limited start-up operations have consisted of the formation of the company, developing of our business plan, identification of our target market and negotiation of supply and distribution contracts.  Currently our President devotes approximately 20 hours a week to the company. We will require the funds from this offering in order to fully implement our business plan as discussed in the "Plan of Operation" section of this prospectus.


Our administrative office of the company is currently located at the premises of our President, Dusan Konc, which he provides to us on a rent-free basis at Dlhá 816/9, Nitra, Slovakia 94901.  We plan to use these offices until we require larger space. Our fiscal year end is November 30.



THE OFFERING



Following is a brief summary of this offering. Please see the Plan of Distribution section for a more detailed description of the terms of the offering.



Securities Being Offered:

6,000,000 shares of common stock, par value $0.001



Offering Price per Share:

$0.02



Offering Period:

The shares are being offered for a period not to exceed 270 days, unless extended by our Board of Directors for an additional 90 days. There is no mimum offering of the shares before the expiration date of the offering.



Net Proceeds to Our Company

(after payment of offering expenses estimated at $10,000):

$110,000, if 100% of Offering is sold.

$80,000, if 75% of Offering is sold.

$50,000, if 50% of Offering is sold

$20,000, if 25% of Offering is sold.

There is no guarantee that we will receive any proceeds from the Offering.



Use of Proceeds:

We intend to use the proceeds to start up and expand our business operations.


Number of Shares Outstanding Before the Offering:

2,000,000


Number of Shares Outstanding After the Offering:

8,000,000 if all shares are sold







5





Our officer, director, control person and/or affiliates do not intend to purchase any shares in this offering. Selected Financial Data

The Following financial information summarizes the more complete historical financial information at the end of this prospectus. The total Expenses are composed of incorporation and banking Costs.

     As of November 30, 2017

     

Balance Sheet

Total Assets

$8,908

                                    

Total Liabilities

$12,224

Stockholders’ Equity (Deficit)

$(3,316)


Period from February 10, 2017 (inception) to

   

---------------

Income Statement

November 30, 2017

Total Expenses

$5,316

Net Income (Loss)

$(5,316)




RISK FACTORS



An investment in these securities involves an exceptionally high degree of risk and is extremely speculative in nature. Following are what we believe are all of the material risks involved if you decide to purchase shares in this offering.



RISKS ASSOCIATED WITH OUR COMPANY


OUR INDEPENDENT REGISTERED PUBLIC ACCOUNTANT HAS EXPRESSED A SUBSTANTIAL DOUBT ABOUT OUR ABILITY TO CONTINUE AS A GOING CONCERN.

 

The Company currently has losses and has not completed its efforts to establish a stabilized source of revenue sufficient to cover operating costs over an extended period of time. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern.



WE DO NOT YET HAVE ANY SUBSTANTIAL ASSETS AND ARE TOTALLY DEPENDENT UPON THE PROCEEDS OF THIS OFFERING TO FULLY FUND OUR BUSINESS. IF WE DO NOT SELL AT LEAST A THIRD OF THE SHARES IN THIS OFFERING AND RECEIVE AT LEAST A THIRD OF THE MAXIMUM PROCEEDS, WE WILL HAVE TO SEEK ALTERNATIVE FINANCING TO COMPLETE OUR BUSINESS PLANS OR ABANDON THEM.


The only cash currently available is the cash paid by our founder for the acquisition of his shares as well as loans from Mr. Konc. In the event we do not sell all of the shares and raise the total offering proceeds, there can be no assurance that we would be able to raise the additional funding needed to implement our business plans or that unanticipated costs will not increase our projected expenses for the year following completion of this offering.


SINCE WE ARE A DEVELOPMENT STAGE COMPANY, HAVE GENERATED NO REVENUES AND LACK AN OPERATING HISTORY, AN INVESTMENT IN THE SHARES OFFERED HEREIN IS HIGHLY RISKY AND COULD RESULT IN A COMPLETE LOSS OF YOUR INVESTMENT IF WE ARE UNSUCCESSFUL IN OUR BUSINESS PLANS.


Our company was incorporated on February 10, 2017; we have not yet commenced our business operations; and we have realized no revenues. We have no operating history upon which an evaluation of our future prospects can be made. Based upon current plans, we expect to incur operating losses in future periods as we incur significant expenses associated with the initial startup of our business. Further, we cannot guarantee that we will be successful in realizing sufficient revenues or in achieving or sustaining positive cash flow at any time in the future. Any such failure could result in the possible closure of our business or force us to seek additional capital through loans or additional sales of our equity securities to continue business operations, which would dilute the value of any shares you purchase in this offering.



6







WE CANNOT PREDICT WHEN OR IF WE WILL PRODUCE SUFFICIENT REVENUES, WHICH COULD RESULT IN A TOTAL LOSS OF YOUR INVESTMENT IF WE ARE UNSUCCESSFUL IN OUR BUSINESS PLANS.


As of today, have generated no revenues from operations. In order for us to continue with our plans and open our business, we must raise our initial capital to do so through this offering. The timing of the completion of the milestones needed to commence operations and generate substantial revenues is contingent on the success of this offering. There can be no assurance that we will generate substantial revenues or that revenues will be sufficient to maintain our business. As a result, you could lose all of your investment if you decide to purchase shares in this offering and we are not successful in our proposed business plans.



THE EMBROIDERY BUSINESS IS HIGHLY COMPETITIVE AND WE MAY NOT BE ABLE TO COMPETE SUCCESSFULLY WITH OUR EXISTING COMPETITORS OR NEW ENTRANTS INTO THE MARKETS WE SERVE.


Our competition varies by product line, customer classification and geographic market. The principal competitive factors in our industry are quality of product, pricing, timing and service. We will compete with many local, regional and national embroidery companies. Also, some embroidery companies offer their products and services directly to our potential customers, and the volume of such direct sales could increase in the future.



DUSAN KONC, OUR PRESIDENT AND DIRECTOR OF THE COMPANY, CURRENTLY DEVOTES APPROXIMATELY 20 HOURS PER WEEK TO COMPANY MATTERS. HE DOES NOT HAVE ANY PUBLIC COMPANY EXPERIENCE AND IS INVOLVED IN OTHER BUSINESS ACTIVITIES. THE COMPANY'S NEEDS COULD EXCEED THE AMOUNT OF TIME OR LEVEL OF EXPERIENCE HE MAY HAVE. THIS COULD RESULT IN HIS INABILITY TO PROPERLY MANAGE COMPANY AFFAIRS, RESULTING IN OUR REMAINING A START-UP COMPANY WITH NO REVENUES OR PROFITS.


Our business plan does not provide for the hiring of any additional employees unless we sell at least 50% of the shares offered or until sales will support the expense, which is estimated to begin during first part of the year of 2019.  Until that time the responsibility of developing the company's business, the offering and selling of the shares through this prospectus and fulfilling the reporting requirements of a public company all fall upon Mr. Konc. While Mr. Konc owe any fiduciary duties to in respect of their other business ventures or, in fact, any companies other than the Company, as a practical matter they are presently unable to devote full time to the Company’s business. Our sole officer and director have no any experience in a public company setting, including serving as a principal accounting officer or principal financial officer. We have not formulated a plan to resolve any possible conflict of interest with their other business activities. In the event Mr. Konc is unable to fulfill any aspect of his duties to the company we may experience a shortfall or complete lack of sales resulting in little or no profits and eventual closure of the business.


OUR SOLE OFFICER AND DIRECTOR RESIDES OUTSIDE THE UNITED STATES OF AMERICA.


Mr. Konc reside outsides outside the United States of America.  As a result, it may be difficult or impossible for investors to effect service of process upon Mr. Konc or to enforce against such person’s judgments obtained in the United States courts predicated upon the liability provisions of the United States Securities Laws.


THE LOSS OF THE SERVICES OF DUSAN KOMC COULD SEVERELY IMPACT OUR BUSINESS OPERATIONS AND FUTURE DEVELOPMENT, WHICH COULD RESULT IN A LOSS OF REVENUES AND YOUR ABILITY TO EVER SELL ANY SHARES YOU PURCHASE IN THIS OFFERING.


Our performance is substantially dependent upon our President, Dusan Konc. The loss of his services could result in a loss of revenues, which could result in a reduction of the value of any shares you purchase in this offering.




7





IF WE DO NOT ATTRACT SUFFICIENT NUMBER OF CUSTOMERS, WE WILL NOT MAKE SIGNIFICANT PROFIT, WHICH ULTIMATELY RESULT IN A CESSATION OF OPERATIONS.


The Company currently has no customers. We have not identified any customers and we cannot guarantee we will ever have any customers. Even if we obtain customers, there is no guarantee that we will generate additional revenues, which can negatively impact our business.



BECAUSE WE ARE SMALL AND DO NOT HAVE MUCH CAPITAL, OUR MARKETING CAMPAIGN MAY NOT BE ENOUGH TO ATTRACT SUFFICIENT NUMBER OF CUSTOMERS TO OPERATE PROFITABLY. IF WE DO NOT MAKE A PROFIT, WE WILL SUSPEND OR CEASE OPERATIONS.


Due to the fact we are small and do not have much capital, we must limit our marketing activities and may not be able to make our services known to potential customers. Because we will be limiting our marketing activities, we may not be able to attract enough customers to operate profitably. If we cannot operate profitably, we may have to suspend or cease operations.



THE SARBANES-OXLEY ACT IMPOSES SUBSTANTIAL BURDENS UPON THE COMPANY WITHOUT PROVIDING CORRESPONDING BENEFITS TO THE COMPANY.



The Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act") was enacted in response to public concern regarding corporate accountability in the wake of a number of accounting scandals. The stated goals of the Sarbanes-Oxley Act are to increase corporate responsibility, provide enhanced penalties for accounting and auditing improprieties at publicly traded companies and protect investors by improving the accuracy and reliability of corporate disclosure pursuant to applicable securities laws. The Sarbanes-Oxley Act applies to all companies that file or are required to file periodic reports with the SEC under the Securities Exchange Act of 1934 (the "Exchange Act").


Upon becoming a public company, we will be required to comply with the Sarbanes-Oxley Act. Since the enactment of the Sarbanes-Oxley Act has resulted in the imposition of a series of rules and regulations by the SEC that increase the responsibilities and liabilities of directors and executive officers, the perceived increased personal risk associated with these changes may deter qualified individuals from accepting such roles. Consequently, it may be more difficult for us to attract and retain qualified persons to serve as our directors or executive officers, and we may need to incur additional operating costs. This could prevent us from becoming profitable.



RISKS ASSOCIATED WITH THIS OFFERING:



THE TRADING IN OUR SHARES WILL BE REGULATED BY SECURITIES AND EXCHANGE COMMISSION RULE 15G-9 WHICH ESTABLISHED THE DEFINITION OF A "PENNY STOCK." THE EFFECTIVE RESULT BEING FEWER PURCHASERS QUALIFIED BY THEIR BROKERS TO PURCHASE OUR SHARES, AND THEREFORE A LESS LIQUID MARKET FOR OUR INVESTORS TO SELL THEIR SHARES.


The shares being offered are defined as a penny stock under the Securities and Exchange Act of 1934, and rules of the Commission. The Exchange Act and such penny stock rules generally impose additional sales practice and disclosure requirements on broker- dealers who sell our securities to persons other than certain accredited investors who are, generally, institutions with assets in excess of $6,000,000 or individuals with net worth in excess of $1,000,000 or annual income exceeding $200,000, or $300,000 jointly with spouse), or in transactions not recommended by the broker-dealer. For transactions covered by the penny stock rules, a broker-dealer must make a suitability determination for each purchaser and receive the purchaser's written agreement prior to the sale. In addition, the broker-dealer must make certain mandated disclosures in penny stock transactions, including the actual sale or purchase price and actual bid and offer quotations, the compensation to be received by the broker-dealer and certain associated persons, and deliver certain disclosures required by the Commission. Consequently, the penny stock rules may make it difficult for you to resell any shares you may purchase, if at all.



8





WE ARE SELLING THIS OFFERING WITHOUT AN UNDERWRITER AND MAY BE UNABLE TO SELL ANY SHARES. UNLESS WE ARE SUCCESSFUL IN SELLING AT LEAST A THIRD OF THE SHARES AND RECEIVING $40,000 IN THE PROCEEDS FROM THIS OFFERING, WE MAY HAVE TO SEEK ALTERNATIVE FINANCING TO IMPLEMENT OUR BUSINESS PLANS.


This offering is self-underwritten, that is, we are not going to engage the services of an underwriter to sell the shares; we intend to sell them through our officer and director, who will receive no commissions. They will offer the shares to friends, relatives, acquaintances and business associates, however, there is no guarantee that he will be able to sell any of the shares. None of our officers and directors have any experience conducting a best efforts offering, which decreases the likelihood that the Offering will be successful. Vado Corp.



DUE TO THE LACK OF A TRADING MARKET FOR OUR SECURITIES, YOU MAY HAVE DIFFICULTY SELLING ANY SHARES YOU PURCHASE IN THIS OFFERING.



There is presently no demand for our common stock and no public market exists for the shares being offered in this prospectus. We plan to contact a market maker immediately following the effectiveness of this Registration Statement and apply to have the shares quoted on the OTC Electronic Bulletin Board (OTCBB) and/or OTC Link. The OTCBB and OTC Link are regulated quotation services that displays real-time quotes, last sale prices and volume information in over-the-counter (OTC) securities. The OTCBB and OTC Links are not an issuer listing service, market or exchange. Market Makers are not permitted to begin quotation of a security whose issuer does not meet this filing requirement. As of the date of this filing, there have been no discussions or understandings between Vado Corp or anyone acting on our behalf with any market maker regarding participation in a future trading market for our securities. If no market is ever developed for our common stock, it will be difficult for you to sell any shares you purchase in this offering. In such a case, you may find that you are unable to achieve any benefit from your investment or liquidate your shares without considerable delay, if at all. In addition, if we fail to have our common stock quoted on a public trading market, your common stock will not have a quantifiable value and it may be difficult, if not impossible, to ever resell your shares, resulting in an inability to realize any value from your investment.


YOU WILL INCUR IMMEDIATE AND SUBSTANTIAL DILUTION OF THE PRICE YOU PAY FOR YOUR SHARES.


Our existing stockholders acquired their shares at a cost of $0.001 per share, a cost per share substantially less than that which you will pay for the shares you purchase in this offering. Accordingly, any investment you make in these shares will result in the immediate and substantial dilution of the net tangible book value of those shares from the $0.02 you pay for them. Upon completion of the offering, the net tangible book value of your shares will be less than what you paid for them.



WE WILL BE HOLDING ALL PROCEEDS FROM THE OFFERING IN A STANDARD BANK CHECKING ACCOUNT. THERE IS NO GUARANTEE THAT ALL OF THE FUNDS USED AS OUTLINED IN THE USE OF PROCEEDS TABLE WILL BE EFFECTIVE FOR DEVELOPMENT OF OUR BUSINESS DESCRIBED IN THIS PROSPECTUS.


All funds received from the sale of shares in this offering will be deposited into a standard bank checking account. We intend to use the proceeds raised in this offering for the uses set forth in the proceeds table. The failure of funds used to effectively grow our business could result in unfavorable returns or no income at all. This could have a significant adverse effect on our financial condition and could cause the price of our common stock to decline.


INVESTED FUNDS ARE IRREVOCABLE AND WILL NOT BE RETURNED TO INVESTORS


All invested funds are irrevocable.  Once they are received by the Company in the course of this Offering, the invested funds will not be returned to investors.




9





BECAUSE WE DO NOT HAVE AN ESCROW OR TRUST ACCOUNT FOR SHAREHOLDER’S SUBSCRIPTION, IF WE FILE FOR BANKRUPTCY. OR A CREDITOR OBTAINS A JUDGMENT AGAINST US AND ATTACHES THE SUBSCRIPTION, YOU WILL LOSE YOUR INVESTMENT REGARDLESS OF THE NUMBER OF SECURITIES SOLD IN THE OFFERING

 

Your funds will not be placed in an escrow or trust account. Accordingly, if we file for bankruptcy protection or a petition for involuntary bankruptcy is filed by creditors against us, investors funds will become part of the bankruptcy estate and administered according to the bankruptcy laws. If a creditor sues us and obtains a judgment against us, the creditor could garnish the bank account and take possession of the subscriptions. As such, it is possible that a creditor could attach your subscription. If that happens, you will lose your investment and your funds will be used to pay creditors.

 


OUR DIRECTORS AND OFFICERS WILL CONTINUE TO EXERCISE SIGNIFICANT CONTROL OVER OUR OPERATIONS, WHICH MEANS AS A MINORITY SHAREHOLDER, YOU WOULD HAVE NO CONTROL OVER CERTAIN MATTERS REQUIRING STOCKHOLDER APPROVAL THAT COULD AFFECT YOUR ABILITY TO EVER RESELL ANY SHARES YOU PURCHASE IN THIS OFFERING.



After the completion of this offering, if a third of the shares offered are sold, our management will own 50% of our common stock.  In the event that fewer than the third shares of the offering are sold, management’s percentage ownership will be even higher.  It will have a significant influence in determining the outcome of all corporate transactions, including the election of directors, approval of significant corporate transactions, changes in control of the company or other matters that could affect your ability to ever resell your shares. Its interests may differ from the interests of the other stockholders and thus result in corporate decisions that are disadvantageous to other shareholders.



FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") SALES PRACTICE REQUIREMENTS MAY ALSO LIMIT YOUR ABILITY TO BUY AND SELL OUR COMMON STOCK, WHICH COULD DEPRESS THE PRICE OF OUR SHARES.


FINRA rules require broker-dealers to have reasonable grounds for believing that an investment is suitable for a customer before recommending that investment to the customer. Prior to recommending speculative low-priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer's financial status, tax status and investment objectives, among other things. Under interpretations of these rules, FINRA believes that there is a high probability such speculative low-priced securities will not be suitable for at least some customers. Thus, FINRA requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our shares, have an adverse effect on the market for our shares, and thereby depress our share price.


WE WILL INCUR ONGOING COSTS AND EXPENSES FOR SEC REPORTING AND COMPLIANCE; WITHOUT SUFFICIENT REVENUE WE MAY NOT BE ABLE TO REMAIN IN COMPLIANCE, MAKING IT DIFFICULT FOR INVESTORS TO SELL THEIR SHARES, IF AT ALL.


Our business plan allows for the estimated cost of this Registration Statement to be paid from our cash on hand. We plan to contact a market maker immediately following the effectiveness of this Registration Statement and apply to have the shares quoted on the OTC Electronic Bulletin Board. To be eligible for quotation on the OTCBB, issuers must remain current in their filings with the SEC. Market Makers are not permitted to begin quotation of a security whose issuer does not meet this filing requirement. Securities already quoted on the OTCBB that become delinquent in their required filings will be removed following a 30 or 60 day grace period if they do not make their required filing during that time. In order for us to remain in compliance we will require future substantial revenues to cover the cost of these filings, which could comprise a substantial portion of our available cash resources. If we are unable to generate sufficient revenues to remain in compliance it may be difficult for you to resell any shares you may purchase, if at all.



10






FORWARD LOOKING STATEMENTS



This Prospectus contains projections and statements relating to the Company that constitute "forward-looking statements." These forward-looking statements may be identified by the use of predictive, future-tense or forward-looking terminology, such as "intends," "believes," "anticipates," "expects," "estimates," "may," "will," "might," "outlook," "could," "would," "pursue," "target," "project," "plan," "seek," "should," "assume," or similar terms or the negatives thereof. Such statements speak only as of the date of such statement, and the Company undertakes no ongoing obligation to update such statements. These statements appear in a number of places in this Prospectus and include statements regarding the intent, belief or current expectations of the Company, and its respective directors, officers or advisors with respect to, among other things:



*

trends affecting the Company's financial condition, results of operations or future prospects



*

the Company's business and growth strategies



*

the factors that we expect to contribute to our success and our ability to be successful in the future



*

our business model and strategy for realizing positive sales result



*

competition, including the impact of competition on our operations, our ability to respond to such competition and our expectations regarding continued competition in the markets in which we compete;



*

expenses



*

our expectations with respect to continued disruptions in the  global capital markets and reduced levels of consumer spending and the impact of these trends on our financial results



*

the impact of new accounting pronouncements on our financial Statements



*

that our cash flows from operating activities will be sufficient to meet our projected operating and capital expenditures for the next twelve months


*

our market risk exposure and efforts to minimize risk



*

our overall outlook including all statements under MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION



*

that estimates and assumptions made in the preparation of financial statements in conformity with US GAAP may differ from actual results and



*

expectations, plans, beliefs, hopes or intentions regarding the future.



11








Potential investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that, should conditions change or should any one or more of the risks or uncertainties materialize or should any of the underlying assumptions of the Company prove incorrect, actual results may differ materially from those projected in the forward-looking statements as a result of various factors, some of which are unknown. The factors that could adversely affect the actual results and performance of the Company include, without limitation:



*

the Company's inability to raise additional funds to support operations and capital expenditures



*

the Company's inability to effectively manage its growth



*

the Company's inability to achieve greater and broader market acceptance in existing and new market segments



*

the Company's inability to successfully compete against existing and future competitors



*

the effects of intense competition that exists in the embroidery industry



*

the economic downturn and its effect on consumer spending



*

the risk that negative industry or economic trends, including the market price of our common stock trading below its book value, reduced estimates of future cash flows, disruptions to our business, slower growth rates or lack of growth in our business, may result in significant write-downs or impairments in future period



*

the effects of events adversely impacting the economy or the regions from which we draw a significant percentage of our customers, including the effects of the current economic recession, war, terrorist or similar activity or disasters



*

the effects of energy price increases on our cost of operations and our revenues



*

financial community perceptions of our Company and the effect of economic, credit and capital market conditions on the economy and the software industry  and other factors described elsewhere in this Prospectus, or other reasons.



Potential investors are urged to carefully consider such factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by the foregoing cautionary statements and the "Risk Factors" described herein.





12





USE OF PROCEEDS



When all the shares are sold the gross proceeds from this offering will be $120,000. We expect to disburse the proceeds from this offering in the priority set forth below.  The following table shows the intended use of proceeds assuming that 25%, 50%, 75% and 100%, respectively, of the Offering is sold.  There is no guarantee that we will receive any proceeds from the Offering.

 

 

If one-third sold

 

If 50% sold

 

If 75% sold

 

If 100% sold

Gross proceeds

 

$40,000

 

$60,000

 

$90,000

 

$120,000

Offering expenses

$

10,000

$

10,000

$

10,000

$

10,000

Net proceeds

$

30,000

$

50,000

$

80,000

$

110,000

Establishing an office

$

2,000

$

2,000

$

3,000

$

4,000

Equipment

$

15,000

$

15,000

$

15,000

$

30,000

Lease

$

3,000

$

3,000

$

3,000

$

3,000

Website development

$

-

$

2,000

$

3,000

$

4,000

Marketing and advertising 

$

-

$

6,000

$

28,000

$

29,000

Sales person salary

$

-

$

6,000

$

12,000

$

18,000

Worker salary

$

-

$

6,000

$

6,000

$

12,000

SEC reporting and compliance

$

10,000

$

10,000

$

10,000

$

10,000



None of the money allocated to salaries here is planned to be used as compensation for our officers and director.




13





DETERMINATION OF OFFERING PRICE



The offering price of the shares has been determined arbitrarily by us. The price does not bear any relationship to our assets, book value, earnings, or other established criteria for valuing a privately held company. In determining the number of shares to be offered and the offering price we took into consideration our capital structure and the amount of money we would need to implement our business plans. Accordingly, the offering price should not be considered an indication of the actual value of our securities.



DILUTION OF THE PRICE YOU PAY FOR YOUR SHARES



Dilution represents the difference between the offering price and the net tangible book value per share immediately after completion of this offering. As of November 30, 2017, the net tangible book value of our shares was negative $ 3,316 or approximately $0 per share, based upon 2,000,000 shares outstanding.



Upon completion of this offering, but without taking into account any change in the net tangible book value after completion of this offering other than that resulting from the sale of the shares and receipt of the total proceeds of $120,000 minus the estimated Offering expenses of $10,000 resulting in net proceeds of $110,000, the net tangible book value of the 8,000,000 shares to be outstanding will be $106,684, or approximately $0.0133 per Share. Accordingly, the net tangible book value of the shares held by our existing stockholders (2,000,000 shares) will be increased by $0.0123 per share without any additional investment on their part. The purchasers of shares in this offering will incur immediate dilution (a reduction in the net tangible book value per share from the offering price of $0.02 per Share) of $0.0067 per share. As a result, after completion of the offering, the net tangible book value of the shares held by purchasers in this offering would be $0.0133 per share, reflecting an immediate reduction in the $0.02 price per share they paid for their shares.


After completion of the offering, the existing shareholders will own 25% of the total number of shares then outstanding, for which they will have made a cash investment of $2,000, or $0.001 per Share. Upon completion of the offering, the purchasers of the shares offered hereby will own 75% of the total number of shares then outstanding, for which they will have made a cash investment of

$120,000, or $0.02 per Share.



The following table illustrates the per share dilution to the new investors and does not give any effect to the results of any operations subsequent to November 30, 2017.  The following table shows the per share dilution assuming that one-third, 50%, 75% and 100%, respectively, of the primary Offering by the Company is sold.

One-third

50%

75%

100%

Price Paid per Share by Existing Shareholders                       $0.001                           $0.001                   $0.001                  $0.001

Public Offering Price per Share                                               $0.02                            $0.02                      $0.02                    $0.02

Net Tangible Book Value Prior to this Offering                      $(3,316)                        $(3,316)                 $(3,316)                $(3,316)

Net Tangible Book Value After this Offering                         $26,684                         $46,684                  $76,684                $106,684

Decrease in Net Tangible Book Value per Share Attributable

to cash payments from purchasers of the shares offered        $0.0068                         $0.0093                  $0.0118                 $0.0133

Immediate Dilution per Share to New Investors                    $0.0132                         $0.0107                  $0.0082                 $0.0067




14





PLAN OF DISTRIBUTION



OFFERING WILL BE SOLD BY OUR SOLE OFFICER AND DIRECTOR



This is a self-underwritten offering. This Prospectus is part of a Prospectus that permits our sole  officer and  director, Mr. Konc to sell the Shares on behalf of the Company directly to the public, with no commission or other remuneration payable to them for any Shares that they sell.



There are no plans or arrangements to enter into any contracts or agreements to sell the Shares with a broker or dealer. Mr. Konc, our sole officer and director, will sell the shares on behalf of the Company, and he intends to offer them to friends, family members and business acquaintances. In offering the securities on our behalf, our officers will rely on the safe harbor from broker dealer registration set out in Rule 3a4-1 under the Securities Exchange Act of 1934.



Mr. Konc will not register as a broker-dealer pursuant to Section 15 of the Securities Exchange Act of 1934, in reliance upon Rule 3a4-1, which sets forth those conditions under which a person associated with an Issuer may participate in the offering of the Issuer's securities and not be deemed to be a broker-dealer.



a.

Our officer and director is not subject to a statutory disqualification, as that term is defined in Section 3(a)(39)of the Act, at the time of his participation; and



b.

Our officer and director will not be compensated in connection with his participation by the payment of commissions or other remuneration based either directly or indirectly on  transactions in securities; and



c.

Our officer and director is not, nor will he be at the time of his participation in the offering, an associated person of a broker- dealer; and



d.

Our officer and our director meets the conditions of paragraph  (a)(4)(ii) of Rule 3a4-1 of the Exchange Act, in that he




             (A) primarily performs, or is intended primarily to perform at the end of the offering, substantial duties for or on behalf of our  

            company, other than in connection with transactions in securities; and



               (B) is not a broker or dealer, or been associated person of a broker or dealer, within the preceding twelve months; and




                (C) has not participated in selling and offering securities for any Issuer more than once every twelve months other than

            in reliance on Paragraphs (a)(4)(i) (a)(4)(iii).



Our officers, director, control person and affiliates of same do not intend to purchase any shares in this offering.


TERMS OF THE OFFERING



The shares will be sold at the fixed price of $0.02 per share until the completion of this offering.   There is no minimum amount of subscription required per investor, and subscriptions, once received, are irrevocable.


This offering will commence on the date of this prospectus and continue for a period not to exceed 270 days (the "Expiration Date"), unless extended by our Board of Directors for an additional 90 days.



DEPOSIT OF OFFERING PROCEEDS


This is a "best effort" offering and, as such, there is no assurance that we will sell any or all of the shares.

PROCEDURES AND REQUIREMENTS FOR SUBSCRIPTION


If you decide to subscribe for any shares in this offering, you will be required to execute a Subscription Agreement and tender it, together with a wire transfer, a check or certified funds to us.  All checks for subscriptions should be made payable to Vado Corp.



15






DESCRIPTION OF SECURITIES

COMMON STOCK

Our authorized capital stock consists of 75,000,000 shares of common stock, par value $.001 per share. The holders of our common stock



1.

have equal ratable rights to dividends from funds legally available therefore, when, as and if declared by our Board of Directors;

2.

are entitled to share in all of our assets available for distribution to holders of common stock upon liquidation, dissolution or winding up of our affairs;

3.

do not have preemptive, subscription or conversion rights and there are no redemption or sinking fund provisions or rights; and

4.

are entitled to one non-cumulative vote per share on all matters on which stockholders may vote.

NON-CUMULATIVE VOTING

Holders of shares of our common stock do not have cumulative voting rights, which means that the holders of more than 50% of the outstanding shares, voting for the election of directors, can elect all of the directors to be elected, if they so choose, and, in such event, the holders of the remaining shares will not be able to elect any of our directors.


CASH DIVIDENDS



As of the date of this prospectus, we have not paid any cash dividends to stockholders. The declaration of any future cash dividend will be at the discretion of our Board of Directors and will depend upon our earnings, if any, our capital requirements and financial position, our general economic conditions, and other pertinent conditions. It is our present intention not to pay any cash dividends in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.



INTEREST OF NAMED EXPERTS AND COUNSEL



None of the below described experts or counsel have been hired on a contingent basis and none of them will receive a direct or indirect interest in the Company.



Our audited financial statements for the period from inception to November 30, 2017 have been audited by AJ Robbins CPA, LLC. We include the financial statements in reliance on their report, given upon their authority as experts in accounting and auditing.




DESCRIPTION OF OUR BUSINESS

GENERAL INFORMATION

Vado Corp. was incorporated in the State of Nevada on February 10, 2017 and established a fiscal year end of November 30. We do not have revenues, have minimal assets and have incurred losses since inception. We were formed to engage in the embroidery business. We are still in the development stage and as of today we have generated no revenues. Our business office is located at Dlhá 816/9, Nitra, Slovakia 94901. Our telephone number is (421)-372302900.



We have not been involved in a bankruptcy receivership or similar proceeding. Additionally, we have not been involved in a reclassification, merger, consolidation, or purchase or sale of a significant amount of assets not in the ordinary course of business. We are not a blank check registrant, as that term is defined in Rule 419(a)(2) of Regulation C of the Securities Act of 1933, since we have a specific business plan or purpose. We have not had preliminary contact or discussions with, nor do we have any present plans, proposals, arrangements or understandings with, any representatives of the owners of any business or company regarding the possibility of an acquisition or merger.


BUSINESS PLAN


We plan to manufacture embroidery on any kind of fabric. We plan to promptly execute any order; create high quality and neat embroidery on clothing, workwear or other products and accessories; and will produce chevrons, pennants or any other products associated with embroidery. We plan to accept orders in any quantity starting from 1 unit. Our retail customers will be asked to pay us 100% in advance, and our wholesale customers will be asked to pay us 50% in advance and 50% after completing the order. We do not intend to offer any credit terms relating to order payments. We intend to develop a website, so the retail customers can place orders through our website. Corporate customers will have two options to pay for products: by wire transfer or by sending a check/money order. If customer decides to pay by check/money order, then we will apply a certain amount of days to have the check/money order cleared. In the next 12 months we intend to offer our services to clients in the European Union. Price of embroidery on fabric and cloth will depend on the complexity of the order and will be calculated individually.




16





Product


We plan to offer embroidery products that include the embroidery not only on cut, but also on finished products such as work wear, pennants, t-shirts, jerseys, sweatshirts, baseball caps, windbreakers, coveralls, uniforms, towels, hats, jackets, linen, blankets, and others.  We plan to purchase 8-head embroidery machine that operates through the computer, and which allows to embroider simultaneously eight items.  

 

Raw Materials

 

Our raw materials are spools of polyester and rayon threads which come in different diameters and a variety of colors, brightness and texture. Because our customers will be asked to pay us in advance, we plan to purchase threads for each order.

 

Target market

 

We intend to target two markets:


-

Corporate . We plan to make a special logo on work ware and uniform for any kind of companies. It can be a small company such as a store, bakery, barbershop or large companies such as road, transportation and construction companies, utility and government companies, hotels, resorts, retail chains and advertising companies. We plan also to supply clothing manufacturers with the embroidery.

-

Retail . We plan to provide customize embroidering for individual orders, including through our website.



Sales and Marketing Strategy


We intend to offer our products in the European Union . We plan to contact numerous companies in different industries that can order embroidery for their workwear and uniform. As of today, we have not identified any party to sell our products. Initially, our sole officer and director, Dusan Konc will market our products. If we sell at least 50% shares in this offering, we intend to hire salespersons with good knowledge and connections in our market. The salesperson’s job would be to find new potential customers, and to set up agreements with them. We intend to focus on direct marketing efforts whereby our representative will directly contact. We plan to advertise our service and products on different websites and social networks using context ad. We plan to use internet catalogs and use many online marketing tools to direct traffic to our website and identify potential customers. In addition, we are going to issue monthly printed catalog and send it to our clients. We will take part on the specialized forums and exhibitions to present our products to potential clients.


COMPETITION

The level of competition in embroidery business is extremely high. Many of our established competitors have developed a brand following which would make our potential customers prefer their products over ours. Aggressive lower pricing tactics implemented by our competitors would make it difficult for us to enter the market. Economies of scale would make it easier for our larger established competitors to negotiate price discounts with their suppliers which would leave us at a disadvantage. The principal competitive factors in our industry are pricing, timing and quality. We will be in a market where we compete with many domestic and international companies offering similar products. We will be in direct competition with them. Many large companies will be able to provide more favorable services to the potential customers. Many of these companies may have a greater, more established customer base than us. We will likely lose business to such companies. Also, many of these companies will be able to afford to offer better price for similar product than us which may also cause us to lose business. We foresee to continue to face challenges from new market entrants. We may be unable to continue to compete effectively with these existing or new competitors, which could have a material adverse effect on our financial condition and results of operations.


We have not yet entered the market and have no market penetration to date, therefore we are at a competitive disadvantage in the market. Once we have entered the market, we will be one of many participants in the business of embroidery. Many established, yet well financed entities are currently active in the business of distribution such products. Nearly all our competitors have significantly greater financial resources, technical expertise, and managerial capabilities than us. Therefore, Vado Corp. may not be able to establish itself within the industry at all.



PATENTS AND TRADEMARKS


We do not have any proprietary products. We currently have no patents or trademarks for our company name or brand name; however, as business is established and operations expand, we may seek such protection. Despite efforts to protect our proprietary rights, such as our brand and product line names, since we have no patent or trademark rights unauthorized persons may attempt to copy aspects of our business, including our web site design, products, product information and sales mechanics or to obtain and use information that we regard as proprietary, such as the technology used to operate our web site and content. Any encroachment upon our proprietary information, including the unauthorized use of our brand name, the use of a similar name by a competing company or a lawsuit initiated against us for infringement upon another company's proprietary information or improper use of their trademark, may affect our ability to create brand name recognition, cause customer confusion and/or have a detrimental effect on our business. Litigation or proceedings before the U.S. or International Patent and Trademark Offices may be necessary in the future to enforce our intellectual property rights, to protect our trade secrets and domain name and/or to determine the validity and scope of the proprietary rights of others. Any such litigation or adverse proceeding could result in substantial costs and diversion of resources and could seriously harm our business operations and/or results of operations.





17





GOVERNMENT AND INDUSTRY REGULATION

We will be subject to applicable laws and regulations that relate directly or indirectly to our operations including United States securities laws. We will also be subject to common business and tax rules and regulations pertaining to the operation of our business.



RESEARCH AND DEVELOPMENT ACTIVITIES


Other than time spent researching our proposed business we have not spent any funds on research and development activities to date. We do not currently plan to spend any funds on research and development activities in the future.



ENVIRONMENTAL LAWS


Our operations are not subject to any Environmental Laws.

EMPLOYEES AND EMPLOYMENT AGREEMENTS

We currently have one employee, Dusan Konc who acts as our sole officer and director.


Emerging Growth Company Status under the JOBS Act


Vado Corp. qualifies as an “emerging growth company” as defined in the Jumpstart our Business Startups Act (the “JOBS Act”).  The JOBS Act creates a new category of issuers known as "emerging growth companies." Emerging growth companies are those with annual gross revenues of less than $1 billion (as indexed for inflation) during their most recently completed fiscal year. The JOBS Act is intended to facilitate public offerings by emerging growth companies by exempting them from several provisions of the Securities Act of 1933 and its regulations. An emerging growth company will retain that status until the earliest of:



II

The first fiscal year after its annual revenues exceed $1 billion;

II

The first fiscal year after the fifth anniversary of its IPO;

II

The date on which the company has issued more than $1 billion in non-convertible debt during the previous three-year period; and



II

The first fiscal year in which the company has a public float of at least $700 million.



Financial and Audit Requirements



Under the JOBS Act, emerging growth companies are subject to scaled financial disclosure requirements. Pursuant to these scaled requirements, emerging growth companies may:



II

Provide only two rather than three years of audited financial statements in their IPO Registration Statement;



II

Provide selected financial data only for periods no earlier than those included in the IPO Registration Statement in all SEC filings, rather than the five years of selected financial data normally required;

II

Delay compliance with new or revised accounting standards until they are made applicable to private companies; and II  Be exempted from compliance with Section 404(b) of the Sarbanes-Oxley Act, which requires companies to receive an outside auditor's attestation regarding the issuer's internal controls.



Offering Requirements



In addition, during the IPO offering process, emerging growth companies are exempt from:



II

Restrictions on analyst research prior to and immediately after the IPO, even from an investment bank that is underwriting the IPO;



II

Certain restrictions on communications to institutional investors before filing the IPO registration statement; and


II

The requirement initially to publicly file IPO Registration Statements. Emerging growth companies can confidentially file draft Registration Statements and any amendments with the SEC. Public filings of the draft documents must be made at least 21 days prior to commencement of the IPO "road show."





18





Other Public Company Requirements



Emerging growth companies are also exempt from other ongoing obligations of most public companies, such as:



II

The requirements under Section 14(i) of the Exchange Act and Section 953(b)(1) of the Dodd-Frank Act to disclose executive compensation information on pay-for-performance and the ratio of CEO to median employee compensation;



II

Certain other executive compensation disclosure requirements, such as the compensation discussion and analysis, under Item 402 of Regulation S-K; and



II

The requirements under Sections 14A(a) and (b) of the Exchange Act to hold advisory votes on executive compensation and golden parachute payments.




Election under Section 107(b) of the JOBS Act



As an emerging growth company we have made the irrevocable election to not adopt the extended transition period for complying with new or revised accounting standards under Section 107(b), as added by Section 102(b), of the JOBS Act. This election allows companies to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies.


DESCRIPTION OF PROPERTY


Our operations are currently being conducted out of the premises at Dlhá 816/9, Nitra, Slovakia 94901. We consider our current principal office space arrangement adequate and will reassess our needs based upon the future growth of the company.



LEGAL PROCEEDINGS


We are not involved in any pending legal proceeding nor are we aware of any pending or threatened litigation against us.



MARKET FOR COMMON EQUITY AND RELATED STOCKHOLDER MATTERS



No public market currently exists for shares of our common stock.  Upon the effectiveness of the registration statement of which this prospectus forms a part, we intend to seek a market maker to file an application with the FINRA to have our stock quoted on the OTC Bulletin Board and OTC Links. However, we cannot assure you that we will find a market maker to trade our securities, that our shares will be quoted on the OTC Bulletin Board and/or OTC Links or, if quoted, that a public market will materialize.



PENNY STOCK RULES


The Securities and Exchange Commission has also adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a price of less than $5.00 (other than securities registered on certain national securities exchanges or quoted on the Nasdaq system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system).


A purchaser is purchasing penny stock which limits the ability to sell the stock. The shares offered by this prospectus constitute penny stock under the Securities and Exchange Act. The shares will remain penny stocks for the foreseeable future. The classification of penny stock makes it more difficult for a broker-dealer to sell the stock into a secondary market, which makes it more difficult for a purchaser to liquidate his/her investment. Any broker-dealer engaged by the purchaser for the purpose of selling his or her shares in us will be subject to Rules 15g-1 through 15g-10 of the Securities and Exchange Act. Rather than creating a need to comply with those rules, some broker-dealers will refuse to attempt to sell penny stock.


The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from those rules, to deliver a standardized risk disclosure document, which:


contains a description of the nature and level of risk in the market for penny stock in both public offerings and secondary trading;


contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements of the Securities Act of 1934, as amended;


contains a brief, clear, narrative description of a dealer market, including "bid" and "ask" price for the penny stock and the significance of the spread between the bid and ask price;


toll-free telephone number for inquiries on disciplinary actions;


defines significant terms in the disclosure document or in the conduct of trading penny stocks; and


contains such other information and is in such form (including language, type, size and format) as the Securities and Exchange Commission shall require by rule or regulation;



The broker-dealer also must provide, prior to effecting any transaction in a penny stock, to the customer:


-

the bid and offer quotations for the penny stock;


-

the compensation of the broker-dealer and its salesperson in the transaction;


-

the number of shares to which such bid and ask prices apply, or  other comparable information relating to the depth and liquidity of the market for such stock; and


-

monthly account statements showing the market value of each penny stock held in the customer's account.



19






In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules; the

broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement to transactions involving penny stocks, and a signed and dated copy of a written suitability statement. These disclosure requirements will have the effect of reducing the trading activity in the secondary market for our stock because it will be subject to these penny stock rules. Therefore, stockholders may have difficulty selling their securities.



REPORTS


We are subject to certain reporting requirements and will furnish annual financial reports to our stockholders, certified by our independent accountants, and will furnish un-audited quarterly financial reports in our quarterly reports filed electronically with the SEC. All reports and information filed by us can be found at the SEC website, www.sec.gov.



STOCK TRANSFER AGENT


We do not have a stock transfer agent at this time.  We intend to appoint a stock transfer agent following the completion of this offering.



FINANCIAL STATEMENTS


Our fiscal year end is November 30. We intend to provide financial statements audited by an Independent Registered Public Accounting Firm to our shareholders in our annual reports. The audited financial statements for the period from inception, February 10, 2017, to November 30, 2017 can be found on page F-1.



MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION



As of today, we have generated no revenue. We have incurred $5,316 in miscellaneous expenses since inception through November 30, 2017.



The following table provides selected financial data about our company for the period from the date of incorporation through November 30, 2017. For detailed financial information, see the financial statements included in this prospectus.



Balance Sheet Data:                                                                                November 30, 2017



Cash

$8,908

Total assets

$8,908

Total liabilities

$12,224

Shareholders' equity (deficit)

$ (3,316)



Other than the shares offered by this prospectus, no other source of capital has been has been identified or sought. If we experience a shortfall in operating capital prior to funding from the proceeds of this offering, our director has verbally agreed to advance the company funds to complete the registration process.



PLAN OF OPERATION


The following plan of operations assumes that we will successfully commence operations.  So far, we have not entered into any contracts.  There is no guarantee that we will be able to complete all of the following activities or that we will produce revenue.


Gathering of market information

1-2 months

No costs


We are going to research the market in the European Union and search for potential suppliers and customers. We plan to study competitors, assortment and estimate quality and price of the similar products.


Establish our office

2-3 months

$2,000-$4,000


Upon completion of the offering we plan to set up an office in Slovakia and acquire the necessary equipment to continue operations. We plan to purchase office equipment such as computer, telephones, fax, office supplies and furniture. Our sole officer and director, Dusan Konc will take care of our initial administrative duties. We believe that it will cost at least $2,000 to set up office and obtain the necessary equipment and stationery to continue operations. If we sell 75% of the shares offered we will buy better equipment with advanced features that will cost us approximately $1,000 more. In this case, set up costs will be approximately $3,000. In the event we sell all of the shares offered we will buy additional and more advanced equipment that will help us in everyday operations; therefore the office set up costs will be approximately $4,000.




20





Website Development

3-6 months

$2000-$4000


During this period, we intend to begin developing our website. We are going to register a web domain and to hire a website developer. We do not have any written agreements with any web designers at current time. As of the date of this prospectus we have not yet identified or registered any domain names for our website. The website development costs, including site design and implementation will be approximately $2,000. If we 75% of the shares offered and all of the shares offered we will develop more sophisticated and well-designed web site with extra features, therefore developing cost will be $3,000 and $5,000 accordingly. Updating and improving our website will continue throughout the lifetime of our operations.


Negotiate agreements with potential customers

5-12 months

No material costs.


When our website is operational, we plan to contact and start negotiation with potential customers. We will negotiate terms and conditions of collaboration. This activity will be ongoing throughout our operations. Even if we are able to obtain sufficient number of agreements at the end of the twelve-month period, there is no guarantee that we will be able to attract and more importantly retain enough customers to justify our expenditures. If we are unable to generate a significant amount of revenue and to successfully protect ourselves against those risks, then it would materially affect our financial condition and our business could be harmed.


Equipment

6-8 months

$15,000-$30,000


If we sell at least a third of the shares in this offering, we plan to purchase one computer operated 8-head embroidery machine. The cost of the machine is $15,000. If we sell all the shares in the offering, we plan to buy two computer operated 8-head embroidery machines.


Lease

6-12 months

$3,000


During this period, we plan to lease a space to place our embroidery machine. The estimated cost for this is 3,000.


Marketing campaign

6-12 months

$6,000-$29,000


Once our website is operational, we will begin to market our product. Our geographical market we first intend to offer our product is the European Union. As of today, we do not have plan to distribute products elsewhere in the world, and we will expand our market to other countries only when/if we generate revenue and have funds for such expansion. We intend to use marketing strategies, such as web advertisements, direct mailing, and phone calls to acquire potential customers. We also plan to issue monthly printed catalog and send it to our clients, and attend trade shows in our industry to showcase our product with a view to find new customers. We plan to use internet marketing tools in our marketing campaign. We plan to advertise our services and product on different websites and social networks using context ad. Our advertising budget will be spent on paying for any advertising, long distance phone calls, designing and printing of business catalogs, and traveling expenses. We will have a budget for a marketing campaign only if we sell at list 50% shares in the offering, and intend to spend from $6,000 to $29,000 on marketing efforts during the first year. Marketing is an ongoing matter that will continue during the life of our operations. We believe that we should begin to see results from our marketing campaign within 120 days from its initiation.


Hire a worker

6-12 months

$10,000-$30,000


If we sell 50% of the shares offered, we plan to hire a worker for our embroidery machine. If we sell 100% of the shares offered, we plan to buy two computer operated 8-head embroidery machines, therefore, we plan to hire two workers.

 

Hire a salesperson

6-12 months

$10,000-$30,000


If we sell 50% of the shares offered, we plan to hire a sales person to sell our service by calls and direct mails. The job of such sales person will be to find additional customers for us. If we sell 75% or 100% of the shares offered, we are going to increase the quantity of sales associates to 2 and 3 accordingly.


If we do not raise at least $60,000 in this offering, we must limit our marketing activities and may not be able to make our product known to potential customers. Because we will be limiting our marketing activities, we may not be able to attract enough customers to operate profitably. If we cannot operate profitably, we may have to suspend or cease operations .



21





Estimated Expenses for the Next Twelve-Month Period


   The following provides an overview of our estimated expenses to fund our plan of operation over the next twelve months.



Description

If a third shares sold

If 50% shares sold

If 75% shares sold

If 100% shares sold

Fees

Fees

Fees

Fees

SEC reporting and compliance

$10,000

$10,000

$10,000

$10,000

Establishing an office

$2,000

$2,000

$3,000

$4,000

Website development 

-

$2,000

$3,000

$4,000

Equipment

$15,000

$15,000

$15,000

$30,000

Lease

$3,000

$3,000

$3,000

$3,000

Marketing and advertising 

-

$6,000

$28,000

$29,000

Sales person salary

-

$6,000

$12,000

$18,000

Worker salary

-

$6,000

$6,000

$12,000

Total

$30,000

$50,000

$80,000

$110,000


LIQUIDITY REQUIREMENTS

At November 30, 2017 we had $8,908 of cash.  Our cash needs have so far been met by proceeds from sale of common stock to our sole officer and director, as well as loans from Mr. Konc, who has no obligation to continue funding our operations.  The loan was not made pursuant to any loan agreements or promissory note. We plan to meet our cash needs during the 12 month start-up process from proceeds of the Offering and, if necessary, through a private placement of debt or equity securities by a FINRA-registered broker / dealer.  As of this date, we have had no discussions concerning a private placement, nor do we have an agreement with any broker / dealer.



CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE


None.


DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS



Directors of the corporation are elected by the stockholders to a term of one year and serve until a successor is elected and qualified. Officers of the corporation are appointed by the Board of Directors to a term of one year and serves until a successor is duly appointed and qualified, or until he or she is removed from office. The Board of Directors has no nominating, auditing or compensation committees.

Mr. Konc was selected as our Director.


Mr. Konc is not considered to be an independent director of the Company; we presently have no independent directors.


The name, address, age and position of our officers and director is set forth below:


Name and Address

 

Age

 

Position(s)

Dusan Konc

 

34

 

President, Secretary

Dlhá 816/9

 

 

 

Chief Financial Officer,

Nitra, Slovakia 94901

 

 

 

Chief Executive Officer,

 

 

 

 

Sole Director


Our Director Dusan Konc:

Held his offices/positions since the inception of our Company and is expected to hold said offices/positions until the next annual meeting of our stockholders. The officers listed are our only officers and control persons.





22





BACKGROUND INFORMATION ABOUT OUR SOLE OFFICER AND DIRECTOR


Dusan Konc has acted as our President, Treasurer, Secretary and Director since our incorporation on February 10, 2017. In 2002 Mr. Konc graduated from Police College in Pezinok, Slovakia. In 2002-2005 he studied in Constantine the Philosopher University in Nitra, Slovakia. For the last 7 years, he has been working as a sole proprietor in construction and renovation business. Mr. Konc has never been default with the bank or government and does not have any pending litigations or claims.

Mr. Konc owns 100% of the outstanding shares of our common stock. As such, it was unilaterally decided that Mr. Konc was going to be our President, Chief Executive Officer, Treasurer, Secretary, Chief Financial Officer, Chief Accounting Officer and sole member of our board of directors. This decision did not in any manner relate to Mr. Konc’s previous employments. Mr. Konc’s and previous experience, qualifications, attributes or skills were not considered when he was appointed as our President, Chief Executive Officer, Treasurer, Chief Financial Officer, Chief Accounting Officer, Secretary and member of our board of directors.


EXECUTIVE COMPENSATION


Currently, our sole officer and director are serving without compensation. He is reimbursed for any out-of-pocket expenses that he incurs on our behalf. In the future, we may approve payment of salaries for officers and directors, but currently, no such plans have been approved. We also do not currently have any benefits, such as health or life insurance, available to our employees.



SUMMARY COMPENSATION TABLE


 

 

 

Change in

 

 

 

 

 

Pension

 

 

 

 

Value and

 

 

Non-Equity

 

Nonqualified

 

 

Incentive

 

Deferred

 

All

Name

 

 

 

 

 

 

 

 

 

Plan

 

Compen-

 

Other

 

 

Principal

 

 

 

 

 

Stock

 

Option

 

Compen-

 

sation

 

Compen-

 

 

Position

Year

Salary

 

Bonus

 

Awards

 

Awards

 

sation

 

Earnings

 

sation

 

Totals

Dusan Konc

President, Secretary

CEO, CFO

And Director


2016






0






 

0






 

0






 

0






 

0






 

0






 

0






 

0








Directors Compensation



Name

 

Fees

Earned

or Paid

in Cash

($)

 

 

Stock

Awards

($)

 

 

Option

Awards

($)

 

 

Non-Equity

Incentive Plan

Compensation

($)

 

 

Nonqualified

Deferred

Compensation

Earnings

($)

 

 

All Other

Compensation

($)

 

 

Total

($)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dusan Konc

 

 

-0-

 

 

 

-0-

 

 

 

-0-

 

 

 

-0-

 

 

 

-0-

 

 

 

-0-

 

 

 

-0-


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



OPTION GRANTS. There have been no individual grants of stock options to purchase our common stock made to the executive officer named in the Summary Compensation Table.



AGGREGATED OPTION EXERCISES AND FISCAL YEAR-END OPTION VALUE. There have been no stock options exercised by the executive officer named in the Summary Compensation Table.



LONG-TERM INCENTIVE PLAN ("LTIP") AWARDS. There have been no awards made to a named executive officer in the last completed fiscal year under any LTIP.





23





COMPENSATION OF DIRECTORS


Directors are permitted to receive fixed fees and other compensation for their services as directors. The Board of Directors has the authority to fix the compensation of directors. No amounts have been paid to, or accrued to, our director in such capacity.



EMPLOYMENT AGREEMENTS


We do not have an employment agreement in place with Mr. Konc.



SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT


The following table sets forth, as of the date of this prospectus, the total number of shares owned beneficially by our director, officers and key employees, individually and as a group, and the present owners of 5% or more of our total outstanding shares. The table also reflects what the percentage of ownership will be assuming completion of the sale of all shares in this offering, which we can't guarantee. The stockholder listed below has direct ownership of his shares and possesses sole voting and dispositive power with respect to the shares.


Name and address of

Number of shares before offering

Number of shares after offering

Percentage before offering  

Percentage after offering  

Dusan Konc

Nitra, Slovakia

94901

2,000,000

2,000,000

100%

25%

Directors and officers as a group

2,000,000

2,000,000

100%

25%


FUTURE SALES BY EXISTING STOCKHOLDERS


A total of 2,000,000 shares have been issued to the existing stockholders, all of which are restricted securities, as that term is defined in Rule 144 of the Rules and Regulations of the SEC promulgated under the Act,. Under Rule 144, restricted shares can be publicly sold, subject to volume restrictions and certain restrictions on the manner of sale, commencing one year after their acquisition. Any sale of shares held by the existing stockholder (after applicable restrictions expire) and/or the sale of shares purchased in this offering (which would be immediately resalable after the offering), may have a depressive effect on the price of our common stock in any market that may develop, of which there can be no assurance.  Our shareholders will not be permitted to use Rule 144 if we are deemed to be a shell company.  It is our view that we are not a shell company but, instead, a start-up company  as we have a definite business plan and have undertaken substantial activity to visit potential suppliers and customers.



CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS


On July 27, 2017 the Company issued a total of 2,000,000 shares of common stock to Mr. Dusan Konc for cash at $0.001 per share for a total of $2,000.


Mr. Konc has loaned us funds for operations. The loan was not made pursuant to any loan agreements or promissory note. The loan is unsecured, non-interest bearing and due on demand. The balance due to the Mr. Konc was $9,724 as of November 30, 2017.  He is under no obligation to continue lending us money.


Mr. Konc provides our office facilities at zero ($-0-) rent per month.


We do not currently have any conflicts of interest by or among our current officer, director, key employee or advisors. We have not yet formulated a policy for handling conflicts of interest; however, we intend to do so upon completion of this offering and, in any event, prior to hiring any additional employees.


INDEMNIFICATION


The Nevada General Corporation Law requires us to indemnify officers and directors for any expenses incurred by any officer or director in connection with any actions or proceedings, whether civil, criminal, administrative, or investigative, brought against such officer or director because of his or her status as an officer or director, to the extent that the director or officer has been successful on the merits or otherwise in defense of the action or proceeding.  The Nevada General Corporation Law permits a corporation to indemnify an officer or director, even in the absence of an agreement to do so, for expenses incurred in connection with any action or proceeding if such officer or director acted in good faith and in a manner in which he or she reasonably believed to be in or not opposed to the best interests of the corporation and such indemnification is authorized by the stockholders, by a quorum of disinterested directors, by independent legal counsel in a written opinion authorized by a majority vote of a quorum of directors consisting of disinterested directors, or by independent legal counsel in a written opinion if a quorum of disinterested directors cannot be obtained.

The Nevada General Corporation Law prohibits indemnification of a director or officer if a final adjudication establishes that the officer's or director's acts or omissions involved intentional misconduct, fraud, or a knowing violation of the law and were material to the cause of action.  Despite the foregoing limitations on indemnification, the Nevada General Corporation Law may permit an officer or director to apply to the court for approval of indemnification even if the officer or director is adjudged to have committed intentional misconduct, fraud, or a knowing violation of the law.

The Nevada General Corporation Law also provides that indemnification of directors is not permitted for the unlawful payment of distributions, except for those directors registering their dissent to the payment of the distribution.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.  In the event that a claim for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by one of our directors, officers, or controlling persons in the successful defense of any action, suit or proceeding, is asserted by one of our directors, officers, or controlling persons in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue.





24





AVAILABLE INFORMATION



We have filed a registration statement on Form S-1, of which this prospectus is a part, with the U.S. Securities and Exchange Commission. Upon completion of the registration, we will be required to file all requisite reports, such as Forms 10-K, 10-Q and 8-K, and other information with the Commission. Upon our registration under the 1934 Act, we would also be required to file additional documents with the Commission such as proxy statements under Section 14 of the 1934 Act.  Such reports, proxy statements, this registration statement and other information, may be inspected and copied at the public reference facilities maintained by the Commission at 100 Fifth Street NE, Washington, D.C. 20549. Copies of all materials may be obtained from the Public Reference Section of the Commission's Washington, D.C. office at prescribe rates. You may obtain information regarding the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The Commission also maintains a Web site that contains reports, proxy and information statements and other information regarding registrants that file electronically with the Commission at http://www.sec.gov.



            VADO CORP.

(A DEVELOPMENT STAGE COMPANY)

TABLE OF CONTENTS

NOVEMBER 30, 2017


Report of Independent Registered Public Accounting Firm

F-1

Balance Sheets as of November 30, 2017

F-2

Statements of Operations for the year ended November 30, 2017

F-3

Statements of Stockholders’ Equity as of November 30, 2017

F-4

Statements of Cash Flows for the year ended November 30, 2017

F-5

Notes to the Financial Statements

F-6








25





Report of Independent Registered Public Accounting Firm



AJ Robbins CPA, LLC

Certified Public Accountant



To the Board of Directors and

Stockholders of Vado Corp.

I have audited the accompanying balance sheet  of Vado Corp. (the Company”) as of  November 30, 2017,

and  the  related  statements  of  operations,  changes  in  stockholder’s  equity (deficit),  and  cash  flows  for  the

period  from  February  10,  2017  (inception)  to  November  30,  2017.  The  Company’s  management  is

responsible  for  these  financial  statements.  My  responsibility  is  to  express  an  opinion  on  these  financial

statements based on my audit.

I conducted my audit in accordance with the standards of the Public Company Accounting Oversight Board

(United States). Those standards require that I plan and perform the audit to obtain reasonable assurance

about whether the financial statements are free of material misstatement. The Company is not required to

have, nor was I engaged to perform, an audit of its internal control over financial reporting. My audit included

consideration of  internal control over financial reporting as a basis for designing  audit procedures that are

appropriate in the circumstances, but not for the purpose of  expressing an opinion on the effectiveness of

the  company’s  internal  control  over  financial  reporting.  Accordingly,  I  express  no  such  opinion.  An  audit

also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial

statements, assessing the accounting principles used and significant estimates made by management, as

well as evaluating the overall financial statement presentation. I believe that my audit provides a reasonable

basis for my opinion.

In my opinion, the financial statements referred to above present fairly, in all material respects, the financial

position  of  Vado  Corp.  as  of  November  30,  2017,  and  the  results  of  their  operations  and  their  cash  flows

for the period then ended, in conformity with accounting principles generally accepted in the United States

of America.

The accompanying financial statements have been prepared assuming that the Company will continue as

a  going  concern.  As  described  in  Note  2  to  the  financial statements,  the  Company  has  no  revenues  from

February  10,  2017  (inception)  through  November  30,  2017.   The  Company  currently  has  losses  and  has

not  completed  its  efforts  to  establish  a  stabilized  source  of  revenue  sufficient  to  cover  operating  costs

over   an  extended   period  of   time.  These  factors,  among  others,  raise  substantial  doubt  about  the

Company’s ability to continue as a going concern. Management’s plans in regard to these matters are also

described  in  Note  2.  The  financial  statements  do  not  include  any  adjustments  that  might  result  from  the

outcome of this uncertainty. My opinion is not modified with respect to this matter.

[S1VADOCORPDRAFT1JAN16001.GIF]

Denver, Colorado

January 8, 2018


aj@ajrobbins.com

3773 Cherry Creek North Drive, Suite 575 East, Denver, Colorado 80209

(B)303-331-6190   (M)720-339-5566   (F)303-845-9078


                                                                                           F-1



26






VADO CORP.

BALANCE SHEET

 

 

NOVEMBER 30, 2017

ASSETS

 

 

Current Assets

 

 

 

Cash

 

$        8,908

 

Total current assets

 

8,908

Total Assets                                                         

 

$        8,908

 

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)

Current  Liabilities

 

Loan from related parties

 

$     9,724

 

Accounts payable

 

2,500

 

Total current liabilities

 

12,224

Total Liabilities

 

12,224

Commitments and Contingencies

Stockholders’ Equity (Deficit)

  

Common stock, $0.001 par value, 75,000,000 shares authorized;

 

 

2,000,000 shares issued and outstanding

 

2,000

 

Accumulated Deficit

 

(5,316)

Total Stockholders’ equity (deficit)

 

(3,316)

 

 

 

Total Liabilities and Stockholders’ equity (deficit)

 

$        8,908



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


F-2



27






VADO CORP.

STATEMENT OF OPERATIONS

 

 

 

 

For the period from Inception (February 10, 2017) to November 30, 2017


Operating expenses

 

 

 

 

 General and administrative expenses

 

 

 

5,316

Net loss from operations

 

 

 

(5,316)

Loss before provision for income taxes

 

 

 

(5,316)

 

 

 

 

 

Provision for income taxes

 

 

 

-

 

 

 

 

 

Net income (loss)

 

 

 

$      (5,316)

 

 

 

 

 

Income (loss) per common share:

 Basic and Diluted

 

 

 

$       (0.00)

 

 

 

 

 

Weighted Average Number of Common Shares  Outstanding:

Basic and Diluted

 

 

 

850,340


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


F-3



28






VADO CORP.

STATEMENT OF STOCKHOLDER’S EQUITY (DEFICIT)

FOR THE PERIOD FROM INCEPTION (FEBRUARY 10, 2017) to NOVEMBER 30, 2017

 

Number of

Common

Shares


Amount

 

Deficit

accumulated



Total

Balance at February 10, 2017, Inception  

-

$     -  

 

$        -  

$         -  

Shares issued at $0.001

2,000,000

2,000

 

-

2,000

Net income (loss) for the year                                                                  

-

-

 

(5,316)

(5,316)

Balances as of November 30, 2017

2,000,000

2,000

 

$ (5,316)

$   (3,316)



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


F-4



29






VADO CORP.

STATEMENT OF CASH FLOWS

 

 

For the period from Inception (February 10, 2017) to November 30, 2017

 

Cash flows from Operating Activities

 

 

 

 

Net loss

 

$          (5,316)

 

 

Accounts payable

 

2,500

 

 

Net cash provided (used) by operating activities

 

(2,816)

 

 

 

 

 

 

Cash flows from Investing Activities

 

 

 

   Purchase of fixed assets

 

$              -

 

  Net cash used in investing activities

 

-

 

 

 

 

 

Cash flows from Financing Activities

 

 

 

 

Proceeds from sale of common stock

 

2,000

 

 

Proceeds of loan from shareholder

 

9,724

 

 

Net cash provided by financing activities

 

11,724

 

Net increase in cash and equivalents

 

8,908

 

Cash and equivalents at beginning of the period

 

-

 

Cash and equivalents at end of the period

 

$           8,908

 

 

Supplemental cash flow information:

 

 

 

 

Cash paid for:

 

 

 

 

Interest                                                                                               

 

$                -

 

 

Taxes                                                                                           

 

$                -

 



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


F-5



30





VADO CORP.

NOTES TO THE AUDITED FINANCIAL STATEMENTS

FOR THE PERIOD FROM INCEPTION (FEBRUARY 10, 2017) TO NOVEMBER 30, 2017

(AUDITED)


NOTE 1 – ORGANIZATION AND BUSINESS

 

VADO CORP. (the “Company”) is a corporation established under the corporation laws in the State of Nevada on February 10, 2017. The Company is a development stage company and intend to commence operations in the embroidery business in the European Union.

The Company has adopted November 30 fiscal year end.


NOTE 2 – GOING CONCERN


The Company’s financial statements as of November 30, 2017 been prepared using generally accepted accounting principles in the United States of America 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. The Company has accumulated loss from inception (February 10, 2017) to November 30, 2017 of $5,316. These factors among others raise substantial doubt about the ability of the company to continue as a going concern for a reasonable period of time.  


In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking third party equity and/or debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.


NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES


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.


Fair values of financial instruments


The Company adopted ASC 820 “Fair Value Measurements,” which defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosures requirements for fair value measures. Current assets and current liabilities qualified as financial instruments and management believes their carrying amounts are a reasonable estimate of fair value because of the short period of time between the origination of such instruments and their expected realization and if applicable, their current interest rate is equivalent to interest rates currently available.  The three levels are defined as follow:


 

 

 

 

·

Level 1 — inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.


 

 

 

 

·

Level 2 — inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments.


 

 

 

 

·

Level 3 — inputs to the valuation methodology are unobservable and significant to the fair value.




Revenue Recognition


The Company follows the guidance of the Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition. We recognize revenue when persuasive evidence of an arrangement exists, the goods have been delivered, the price to the customer is fixed or determinable and collectability of the revenue is reasonably assured.


Basic and Diluted Loss Per Share


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.


F-6



31





Cash and Cash Equivalents


For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At November 30, 2017 the Company's bank deposits did not exceed the insured amounts.


Use of Estimates


Preparing 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, liabilities, revenue, and expenses. Actual results and outcomes may differ from management’s estimates and assumptions.




Stock-Based Compensation


As of November 30, 2017, the Company has not issued any stock-based payments to its employees.

Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable.  To date, the Company has not adopted a stock option plan and has not granted any stock options.


Revenue Recognition

The Company follows the guidance of the Accounting Standards Codification (“ASC”) Topic 605, Revenue Recognition. We record revenue when persuasive evidence of an arrangement exists, the services have been provided, the price to the customer is fixed or determinable and collectability of the revenue is reasonably assured.



Income Taxes


The Company follows the 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.


New Accounting Pronouncements


In January 2017, the FASB issued ASU No. 2017-01, Clarifying the Definition of a Business, which narrows the existing definition of a business and provides a framework for evaluating whether a transaction should be accounted for as an acquisition (or disposal) of assets or a business. The ASU requires an entity to evaluate if substantially all of the fair value of the gross assets acquired is concentrated in a single identifiable asset or a group of similar identifiable assets; if so, the set of transferred assets and activities (collectively, the set) is not a business. To be considered a business, the set would need to include an input and a substantive process that together significantly contribute to the ability to create outputs. The standard also narrows the definition of outputs. The definition of a business affects areas of accounting such as acquisitions, disposals and goodwill.


Under the new guidance, fewer acquired sets are expected to be considered businesses. This ASU is effective January 1, 2018 on a prospective basis with early adoption permitted. The Company will apply this guidance to applicable transactions after the adoption date.

 

In January 2017, the FASB issued ASU No. 2017-04, Simplifying the Test for Goodwill Impairment. Under the new standard, goodwill impairment would be measured as the amount by which a reporting unit’s carrying value exceeds its fair value, not to exceed the carrying value of goodwill. This ASU eliminates existing guidance that requires an entity to determine goodwill impairment by calculating the implied fair value of goodwill by hypothetically assigning the fair value of a reporting unit to all of its assets and liabilities as if that reporting unit had been acquired in a business combination. This ASU is effective prospectively to impairment tests beginning January 1, 2020, with early adoption permitted. The Company will apply this guidance to applicable impairment tests after the adoption date.


The Company has evaluated all the recent accounting pronouncements and determined that there are no other accounting pronouncements that will have a material effect on the Company’s financial statements.


NOTE 4 – CAPTIAL STOCK


The Company has 75,000,000 shares of common stock authorized with a par value of $0.001 per share.

On July 27, 2017, the Company issued 2,000,000 shares of its common stock at $0.001 per share for total proceeds of $2,000.

As of November 30, 2017, the Company had 2,000,000 shares issued and outstanding.


F-7



32






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 officers, directors, or shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.  


Since February 10, 2017 (Inception) through November 30, 2017, the Company’s sole officer and director loaned the Company $9,724 to pay for incorporation costs and operating expenses.  As of November 30, 2017, the amount outstanding was $9,724. The loan is non-interest bearing, due upon demand and unsecured.


NOTE 6. INCOME TAXES

 

The reconciliation of income tax benefit at the U.S. statutory rate of 34% for the period from inception to November 30, 2017 to the company’s effective tax rate is as follows: 

 

Tax benefit at U.S. statutory rate

$

(1,807)

Change in valuation allowance

 

1,807

 

$

-

The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets at November 30, 2017 are as follows:

 

Deferred tax assets:

 

 

Net operating loss

 

1,807

Valuation allowance

 

(1,807)

 

$

-

 


The Company has approximately $5,316 of net operating losses (“NOL”) carried forward to offset taxable income, if any, in future years which expire in fiscal 2037. In assessing the realization of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs for every period because it is more likely than not that all of the deferred tax asset will not be realized.



NOTE 7. SUBSEQUENT EVENTS


The Company has evaluated subsequent events from November 30, 2017 to the date the financial statements were issued and has determined that there are no items to disclose.


F-8



33










DEALER PROSPECTUS DELIVERY OBLIGATION



"UNTIL

, ALL DEALERS THAT EFFECT TRANSACTIONS IN THESE SECURITIES, WHETHER OR NOT PARTICIPATING IN THIS OFFERING, MAY BE REQUIRED TO DELIVER A PROSPECTUS. THIS IS IN ADDITION TO THE DEALERS' OBLIGATION TO DELIVER A PROSPECTUS WHEN ACTING AS UNDERWRITERS AND WITH RESPECT TO THEIR UNSOLD ALLOTMENTS OR SUBSCRIPTIONS."










34







PART II - INFORMATION NOT REQUIRED IN PROSPECTUS




ITEM 13. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION.



Expenses incurred or (expected) relating to this Prospectus and distribution are as follows:



SEC Fee

$                     15

Legal and Professional Fees

$

 5,000

Accounting and auditing

$

 3,800

EDGARization

$                 1,185

TOTAL

$                 10,000



ITEM 14. INDEMNIFICATION OF DIRECTORS AND OFFICERS.


Pursuant to the Articles of Incorporation and By-Laws of the corporation, we may indemnify an officer or director who is made a party to any proceeding, including a law suit, because of his position, if he acted in good faith and in a manner he reasonably believed to be in our best interest. In certain cases, we may advance expenses incurred in defending any such proceeding. To the extent that the officer or director is successful on the merits in any such proceeding as to which such person is to be indemnified, we must indemnify his against all expenses incurred, including attorney's fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order. The indemnification is intended to be to the fullest extent permitted by the laws of the State of Nevada.



As to indemnification for liabilities arising under the Securities Act of 1933, as amended, for directors, officers or controlling persons, we have been informed that in the opinion of the Securities and Exchange Commission such indemnification is against public policy and is, therefore, unenforceable.



ITEM 15. RECENT SALES OF UNREGISTERED SECURITIES.


Set forth below is information regarding the issuance and sales of securities without registration since inception. No such sales involved the use of an underwriter; no advertising or public solicitation was involved; the securities bear a restrictive legend; and no commissions were paid in connection with the sale of any securities.


On July 27, 2017 the Company issued a total of 2,000,000 shares of common stock to Dusan Konc for cash at $0.001 per share for a total of $2,000.


These securities were issued in reliance upon the exemption contained in Section 4(2) of the Securities Act of 1933. These securities were issued to a promoter of the company, bear a restrictive legend and were issued to a non-US resident.



35





ITEM 16. EXHIBITS.


The following exhibits are included with this registration statement:


Exhibit

 

Description

3.1

 

Articles of Incorporation

3.2

 

Bylaws

23.1

 

   Consent of Independent Auditor for 11/30/2017 audit

 

 

 


ITEM 17. UNDERTAKINGS.


The undersigned Registrant hereby undertakes:


(a)(1) To file, during any period in which offers or sales of securities are being made, a post-effective amendment to this registration statement to:


(i) Include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;

(ii) To reflect in the prospectus any facts or events arising after the effective date of the registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 383(b) (§230.383(b) of this chapter) if, in the aggregate, the changes in volume and price represent no more than 20% change in the maximum aggregate offering price set forth in the “Calculation of Registration Fee” table in the effective registration statement.

(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.


(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.


(4) That, for the purpose of determining liability under the Securities Act of 1933 to any purchaser:


(i) If the registrant is subject to Rule 430C, each prospectus filed pursuant to Rule 424(b) as part of a registration statement relating to an offering, other than registration statements relying on Rule 430B or other than prospectuses filed in reliance on Rule 430A, shall be deemed to be part of and included in the registration statement as of the date it is first used after effectiveness. Provided, however, that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such first use, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such date of first use.

 

(5) That, for the purpose of determining liability of the registrant under the Securities Act of 1933 to any purchaser in the initial distribution of the securities: The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:

 

(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 383;

 

(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;

 

(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or our securities provided by or on behalf of the undersigned registrant; and

 

(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.

 

Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the “Act”) may be permitted to our director, officer and controlling person pursuant to the provisions above, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act, and is, therefore, unenforceable.

 

In the event that a claim for indemnification against such liabilities, other than the payment by us of expenses incurred or paid by our director, officer, or controlling person in the successful defense of any action, suit or proceeding, is asserted by our director, officer, or controlling person in connection with the securities being registered, we will, unless in the opinion of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification is against public policy as expressed in the Securities Act, and we will be governed by the final adjudication of such issue.



36








SIGNATURES



In accordance with the requirements of the Securities Act of 1933, the registrant has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Almaty, Kazakhstan on January 17, 2018.



Vado Corp., Registrant


By: /s/ Dusan Konc


Dusan Konc, President, Treasurer, Secretary, Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer and Sole Director



Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.









/s/  Dusan Konc

 

Principal Executive Officer

 

JANUARY 17, 2018

 Dusan Konc

 

 Title

 

 Date

 

 

 

 

 

/s/  Dusan Konc

 

Principal Financial  Officer

 

JANUARY 17, 2018

 Dusan Konc

 

 Title

 

 Date

/s/  Dusan Konc

 

Principal Accounting  Officer

 

JANUARY 17, 2018

 Dusan Konc

 

 Title

 

 Date






37



Exhibit 3.1


[ARTICLES001.JPG]



Exhibit 3.2


Bylaws of Vado Corp.



ARTICLE I. Meetings of Shareholders


1.1

Place of Meetings.

The meetings of shareholders shall be held at such place, either within or without of the state of Nevada, as may be fixed by the Board of Directors.


1.2

Annual Meetings.

The annual meetings of the shareholders, for the election of Directors and transaction of any other business that may come before the meeting, shall be held in each year at the corporate offices or at any other place within or without of the state of Nevada as may be determined by the Directors and as may be designated in the notice of that meeting. If that date is a legal holiday, the annual meeting shall be held on the next succeeding day that is not a legal holiday.


1.3

Special Meetings.

A special meeting, other than those regulated by statute, of the shareholders for any purpose or purposes may be called at any time by the President, by a majority of the Board of Directors, by designated officers of the Corporation, or by shareholders together holding at least 50% of the number of shares of the Corporation at the time outstanding and entitled to vote with respect to the business to be transacted at such meeting. At a special meeting no other business shall be transacted, and no corporate action shall be taken other than stated in the Notice of the meeting.


1.4

Notice of Meetings.

Written or printed notice stating the place, day and hour of every meeting of the shareholders and, in case of a special meeting, the purpose or purposes for which the meeting is called, shall be mailed not less than five nor more than sixty days before the date of the meeting to each shareholder of record entitled to vote at such meeting, at his/her address which appears in the share transfer books of the Corporation. If mailed, notice shall be deemed to be delivered when deposited in the mail. Such further notice shall be given as may be required by law, but meetings may be held without notice if all the shareholders entitled to vote at the meeting are present in person or by proxy or if notice is waived in writing by those not present, either before or after the meeting.


1.5

Quorum

Any number of shareholders together holding at least a simple majority of the outstanding shares of capital stock entitled to vote with respect to the business to be transacted, who shall be present in person or represented by proxy at any meeting duly called, shall constitute a quorum for the transaction of business. If less than a quorum shall be in attendance at the time for which a meeting shall have been called, the meeting may be adjourned by majority of the shareholders present or represented by proxy without notice other than by announcement at the meeting.


1.6

Voting

At any meeting of the shareholders, each shareholder of a class entitled to vote on any matter coming before the meeting shall have one vote, in person or by proxy, for each share of capital stock of such class standing in his/her name on the books of the Corporation on the date, at least thirty days prior to such meeting, fixed by the Board of Directors as the record date for the purpose of determining shareholders entitled to vote. Every proxy

shall be in writing, dated and signed by the shareholder entitled to vote or his/her duly authorized attorney-in-fact.


1.7

Informal Action by Shareholders

Unless otherwise provided by law, any action required to be taken at a meeting of shareholders, or other action which may be taken at a meeting of the shareholders, may be taken without a meeting if the shareholders give unanimous written consent setting forth the action to be taken and signed by all shareholders entitled to vote on the action.


ARTICLE II. Directors


0.1

General Powers

The property, business and affairs of the Corporation shall be managed and controlled under the direction of the Board of Directors, and, except as otherwise expressly provided by law, the Articles of Incorporation or these Bylaws, all of the powers of Corporation shall be vested in such Board. Such management and general control will be by majority vote of the Board of Directors, with each Director having equal vote.


0.2

Number of Directors

The number of Directors constituting the Board of Directors shall be determined by shareholders.


0.3

Election and Removal of Directors

(A)

Directors shall be elected at each annual meeting of shareholders to succeed those Directors whose terms have expired and to fill any existing vacancies.

(B)

Directors shall hold their offices for a term of one year and until their successors are elected. Any Director may be removed from office at a meeting called expressly for that purpose by the vote of shareholders holding not less than a majority of the shares entitled to vote at an election of Directors.

(C)

Any vacancy occurring in the Board of Directors may be filled by the affirmative vote of the majority of the remaining Directors, though less than a quorum of the Board, and the term of office of any Director so elected shall expire at the next shareholders` meeting at which Directors are elected.


A.1

Quorum

A majority of the number of Directors prescribed in these Bylaws shall constitute a quorum for the transaction of business. The act of a majority of Directors present at a meeting at which a quorum is present shall be the act of the Board of Directors. If less than a majority is present at a meeting, the majority of those present may adjourn the meeting without further notice.


A.2

Regular Meetings of Directors

An annual meeting of the Board of Directors shall be held without notice other than this bylaw immediately after, and at the same place as, the annual meeting of shareholders.


A.3

Special Meetings of Directors.

Special meetings of Directors may be called at the request of the President, other duly authorized officer or any Director. The person or persons authorized to call special meetings of Directors may designate the place and time for holding any special meeting of Directors.


A.4

Notice

Notice of any special meeting shall be given at least 10 days previously thereto by written notice delivered personally or mailed to each director at his/her business address. If mailed, notice is deemed to be delivered when deposited in the United States mail. The attendance of a Director at a meeting shall be deemed to be a waiver of notice of such meeting unless the Director attends the meeting for the express purpose of objecting to the transaction of business at the meeting because the meeting is not properly called or convened. Meetings may be held at any time without notice if all of the Directors are present, or if those not present waive notice in writing either before or after the meeting.


A.5

Compensation

By resolution of Shareholders, Directors may be allowed a fee and expenses for attendance at all meetings, but nothing herein shall preclude Directors from serving the Corporation in other capacities and receiving compensation for such other services.


A.6

Manner of Acting

The act of the majority of the Directors present at a meeting at which a quorum is present shall be the act of the Directors.


A.7

Informal Action by Directors.

Unless otherwise provided by law, any action required to be taken at the meeting of Directors, or other action which may be taken at a meeting of the Directors, may be taken without a meeting if the Directors give unanimous written consent setting forth the action to be taken and signed by all Directors entitled to vote on the action.


A.8

Indemnification

The Corporation shall indemnify each of its directors, officers and employees whether or not there in services as such, against all reasonable expenses actually and necessarily incurred by him or her in connection with the defense of any litigation to which the individual may have been made a party because he or she is was a director, officer or employee of the Corporation. The individual shall have no right to reimbursement, however, in relation to matters as to which he or she has been adjudged liable to the Corporation for negligence or misconduct in the performance of his or her duties, or was derelict in the performance of his or her duty as director, officer or employee. The right to indemnity for expenses shall also apply to expenses of suits which are settled if the court having jurisdiction of the matter shall approve of the settlement.


ARTICLE III. Officers


A.1

Election officers of the Corporation shall consist of a President, a Secretary and a Treasurer. Other officers, including a Chairman of the Board, Chief Executive Officer, Chief Operating Officer, one or more Vice-Presidents, and assistant and subordinate officers, may from time to time be elected by the Board of Directors. All officers shall hold office until the next annual meeting of the Board of Directors and until their successors are elected. Any two officers may be combined in the same person as the Board of Directors may determine.


A.2

Removal of Officers; Vacancies

Any officer of the Corporation may be removed summarily with or without cause, at any time, by the Board of Directors. Vacancies may be filled by the Board of Directors.


A.3

Duties

The officers of the Corporation shall have such duties as generally pertain to their respective offices as well as such powers and duties as are prescribed by law or are hereinafter provided or as shall be conferred by the Board of Directors.


A.4

Duties of the President

Unless otherwise defined by the Board, the President shall be the Chief Executive Officer of the Corporation and shall be primarily responsible for the implementation of policies of the Board of Directors and shall have authority over the general management and direction of the business and operations of the Corporation and its divisions if any, subject only to the ultimate authority of the Board of Directors. In the absence of the Chairman and the

Vice-Chairman of the Board, or if there are no such officers, the President shall preside at all corporate meetings. The president may sign and execute, in the name of the Corporation, share certificates, deeds, mortgages, bonds, contracts or other instruments except in cases where the signing and the execution thereof shall be expressly delegated by the Board of Directors or by these Bylaws to some other officer or agent of the Corporation or shall be required by law otherwise to be signed or executed. In addition, the President shall perform all duties incident to the Office of the President and such other duties as may be assigned by the Board of Directors.


A.5

Duties of the Vice-Presidents

Each Vice-President, if any, shall have such powers and duties as may be assigned to him/her by the President or the Board of Directors. Any Vice-President may sign and execute, in the name of the Corporation, deeds, mortgages, bonds, contracts or other instruments authorized by the Board of Directors or the President to some other officer or agent of the Corporation or shall be required by law or otherwise to be signed or executed.


A.6

Duties of the Treasurer

The Treasurer shall have charge of and be responsible for all funds, securities, receipts and disbursements of the Corporation, and shall deposit all monies and securities of the Corporation in such banks and depositories as shall be designated by the Board of Directors. The Treasurer shall be responsible for maintaining adequate financial accounts and records in accordance with generally accepted accounting practices; for the preparation of appropriate operating budgets and financial statements; for the preparation and filing of all tax returns required by law; and for the performance of all duties incident to the office of Treasurer and such other duties as may be assigned to him/her by the Board of Directors, the Finance Committee or the President. The Treasurer may sign and execute in the name of the Corporation share certificates, deeds, mortgages, bonds, contracts or other instruments, except in cases where the signing and execution thereof shall be expressly delegated by the Board of Directors or by these Bylaws to some other officer or agent of the Corporation or shall be required by law or otherwise to be signed or executed.


A.7

Duties of the Secretary

The Secretary shall act as secretary of all meetings of the Board of Directors and shareholders of the Corporation and, when requested, shall also act as secretary of the meetings of the committees of the Board of Directors. The Secretary shall keep and preserve the minutes of all such meetings in permanent books; see that all notices required to be given by the Corporation are duly given and served; have custody of the seal of the Corporation and shall affix the seal or cause it to be affixed to all share certificates of the Corporation and to all documents the execution of which on behalf of the Corporation under its corporate seal is duly authorized in accordance with law or the provisions of these Bylaws. The Secretary shall have custody of all deeds, leases, contracts and other important corporate documents; have charge of the books, records and papers of the Corporation relating to its organization and management as a Corporation; see that all reports, statements and other documents required by law (except tax returns) are properly filed; and in general perform all the duties incident to the office of Secretary and such other duties as may be assigned by the Board of Directors or the

President. The Secretary may designate such subordinate officers or administrative personnel, as desirable, including Assistant Secretary, with the consent of the Board of Directors to carry out the duties of the office.


A.8

Compensation

The Board of Directors shall have authority to fix the compensation of all officers of the Corporation.


ARTICLE IV. Capital Stock


A.1

Certificates

Certificates shall represent the interest of each stockholder of the Corporation. They shall be numbered and entered in the books of the Corporation as they are issued. They shall exhibit the holder’s name and the number of shares and shall be signed by the president or vice-president and the treasurer or the secretary and shall bear the corporate seal.


A.2

Lost, Destroyed and Mutilated Certificates

Holders of the shares of the Corporation shall immediately notify the Corporation of any loss, destruction or mutilation of the certificate thereof, and the Board of Directors may in its discretion cause new certificates for the same number of shares to be issued to such shareholder upon the surrender of the mutilated certificate or upon satisfactory proof of such loss or destruction.


A.3

Transfer of Shares

The shares of the Corporation shall be transferable or assignable only on the books of the Corporation by the holder in person or by attorney on surrender of the certificate for such shares duly endorsed and, if sought to be transferred by attorney, accompanied by a written power of attorney to have the same transferred on the books of the Corporation. The Corporation will recognize, however, the exclusive right of the person registered on its books as the owner of shares to receive dividends and to vote as such owner.


A.4

Fixing Record Date

For the purpose of determing shareholders entitled to notice of or to vote at any meeting of shareholders or any adjournment thereof, or entitled to receive a dividend payment, or in order to make a determination of shareholders for any other proper purpose, the Board of Directors may fix in advance a date as the record date for any such determination of shareholders. Such date may not be more than sixty days prior to the date on which the particular action, requiring the determination of shareholders, is to be taken. If no record date is fixed for the determination of shareholders entitled to notice of or to vote at a meeting of shareholders, or shareholders entitled to receive payment of a dividend, the date on which notices of the meeting are mailed or the date on which the resolution of the Board of Directors declaring such dividend is adopted, as the case may be, shall be the record date for such determination of shareholders. When a determination of shareholders entitled to vote at any meeting of shareholders has been made as provided in this section, such determination shall apply to any adjournment thereof.


ARTICLE V. Miscellaneous Provisions


A.1

Seal


The seal of the Corporation shall consist of a flat-faced circular die, of which there may be any number of counterparts, on which there shall be engraved the word "Seal" and the name of the Corporation.


A.2

Fiscal Year

The fiscal year of the Corporation shall end on such date and shall consist of such accounting periods as may be fixed by the Board of Directors.


A.3

Checks, Notes and Drafts

Checks, notes, drafts and other orders for the payment of money shall be signed by the person authorized by the Board of Directors. When the Board of Directors so authorize, however, the signature of any such person may be a facsimile.


A.4

Amendment of Bylaws

Unless proscribed by the Articles of Incorporation, these Bylaws may be amended or changed at any meeting of the Board of Directors by affirmative vote of a majority of Directors fixed by these Bylaws. The shareholders entitled to vote in respect of the election of Directors, however, shall have the power to rescind, amend, alter or repeal any Bylaws and to enact Bylaws which, if expressly so provided, may not be amended, altered or repealed by the Board of Directors.


A.5

Dividends

The directors may declare, and the Corporation pay, dividends on its outstanding shares in the manner and upon the terms and conditions provided by law.


Dated: February 10, 2017

Vado Corp.

/S/  Dusan Konc

Dusan Konc
Secretary







                                             Exhibit 23.1

AJ Robbins CPA, LLC

Certified Public Accountant


CONSENT OF REGISTERED INDEPENDENT PUBLIC ACCOUNTANT

I hereby consent to the inclusion of my Auditors' Report, dated January 8, 2018, on the

financial statements of Vado Corp. as of November 30, 2017 and for the period from

inception (February 10, 2017) to November 30, 2017 in the S-1 Registration Statement. I

also consent to application of such report to the financial information in the in the

Registration Statement, when such financial information is read in conjunction with the

financial statements referred to in our report. Further I consent to being named as an

 as an “expert” in auditing and accounting in the registration statement

[EXHIBIT23002.GIF]

Denver, Colorado

January 16, 2018



aj@ajrobbins.com

3773 Cherry Creek North Drive, Suite 575 East, Denver, Colorado 80209

(B)303-331-6190   (M)720-339-5566   (F)303-845-9078