Forward Looking Statements

This current report contains forward-looking statements relating to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "intends", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors which may cause our or our industry's actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity or performance. You should not place undue reliance on these statements, which speak only as of the date that they were made. These cautionary statements should be considered with any written or oral forward-looking statements that we may issue in the future. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results, later events or circumstances or to reflect the occurrence of unanticipated events.

In this report unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common shares" refer to the common shares of our capital stock.

The management's discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP").





Overview

We were incorporated as "Atheron, Inc." in the State of Nevada on May 8, 2006. On November 5, 2010 we underwent a change of control and on November 15, 2010 we changed our name to New America Energy Corp., and began looking for opportunities to acquire exploration stage oil and gas or mineral properties. Also on November 15, 2010 we effected a split of our issued and outstanding common shares on a 25 for 1 basis. This forward split did not affect the number of our company's authorized common shares, which remains at 75,000,000. The forward stock split and name change became effective with the Over-the-Counter Bulletin Board at the opening of trading on December 1, 2010 under the symbol "NECA". Our CUSIP number is . Our mailing address is 240 Vaughan Drive, Alpharetta GA 30009. Our telephone number is 470-767-8794.

On September 17, 2013, the Company made a decision to change its business model and decided to enter the short-term loan business. In order to do this, the company acquired Title King LLC ("Title King"), a 100% owned subsidiary. Title King provides short-term high interest loans to consumers through the collateral use of car and truck titles. Title King operates in the alternative financial services industry, providing automobile title loans to consumers who their own vehicle free and clear and need convenient and simple access to funds. On September 27, 2013, the company issued to its Chief Executive Officer a Series A Preferred, which guarantees him majority voting rights.





Our Current Business

We are currently involved in the issuance of short term loans collateralized by automobiles.

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Liquidity & Capital Resources





To date, we have generated minimal revenue. Our financial condition is
summarized below:



                                        As of August 31,
                                2015           2014          2013
Current assets              $       1,115   $     5,588   $         4
Current liabilities             1,221,951       906,299       829,924

Working capital/(deficit) $ (1,220,836) $ (900,711) $ (829,920)






                                                     Years Ended August 31,
                                                 2015          2014         2013

Cash flows used in operating activities $ (122,847) $ (85,803) $ (94,197) Cash flows used in investing activities

           (6,576)      (3,109)            -

Cash flows provided by financing activities 124,950 $ 94,500 15,785 Net increase (decrease) in cash

$   (4,473)   $    5,588   $ (78,416)

Cash on hand at August 31, 2015 was $1,115 as compared to $5,588 as of August 31, 2014. Our total liabilities were $1,221,951 as compared to $906,299 at August 30, 2014. Total liabilities increased due to that the Company did not have enough cash to pay down operational expenses during the year ended August 31, 2015.

Cash on hand at August 31, 2014 was $5,588 as compared to $4 as of August 31, 2013. Our total liabilities were $906,299 as compared to $829,924 at August 30, 2014. Total liabilities increased due to that the Company did not have enough cash to pay down operational expenses during the year ended August 31, 2013.





Results of Operations

For the year ended August 31, 2015 as compared to the year ended August 31, 2014:





Our operating results for the years ended August 31, 2015 and 2014 are
summarized as follows:



                                        Years Ended August 31,          $           %
                                          2015          2014         Change       Change
Revenue                                $         -   $         -   $         -          -

General and administrative expenses 127,768 263,294 (135,526) (51%) Compensation Expense related to Series A Preferred

                               -       156,349     (156,349)     (100%)
Interest expense                           155,958       163,819       (7,861)       (5%)
Amortization of debt discount              181,306       111,179      (70,127)      (63%)
Loss on conversion of debt                       -       186,060     (186,060)          -
Change in derivative liability           (148,312)     (251,282)     (102,970)      (41%)
Net loss                                 (314,769)     (629,419)       158,301        33%




Revenues

As of the end of the fiscal year ended August 31, 2015, there were no revenues at our Title King, LLC subsidiary.





Operating Expenses

For the years ended August 31, 2015 and 2014, we incurred $131,173 and $371,283, respectively, in total operating expenses, a period-to-period decrease of $135,526.

Compensation expense related to series A Preferred stock decreased $156,349 to $-0- as this related to the one-time event from the issuance of Series A Preferred stock in 2014.

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Interest expense for the years ended August 31, 2015 were $155,958 as compared to as compared to interest expense of $163,819 for the years ended August 31, 2014.





Net Loss

Our net loss for the year ended August 31, 2015 was ($320,125) as compared to ($737,408) for the year ended August 31, 2014, respectively. Losses decreased due to decreased operations and no losses from the issuance of preferred stock or conversions of debt.





Our operating results for the years ended August 31, 2014 and 2013 are
summarized as follows:



                                        Years Ended August 31,          $           %
                                          2014          2013         Change      Change
Revenue                                $         -   $         -   $         -         -

General and administrative expenses 371,283 379,224 (7,941) (2%) Compensation Expense related to Series A Preferred

                         156,349             -       156,349      100%
Interest expense                           163,819       122,910      (40,909)      (5%)
Amortization of debt discount              111,179       211,172      (70,127)     (63%)
Loss on conversion of debt                 186,060             -       186,060         -
Change in derivative liability           (251,282)             -     (102,970)     (41%)
Net loss                                 (737,408)     (713,306)        25,102        3%




Revenues

We have had no operating revenues to date.





Operating Expenses

For the years ended August 31, 2015 and 2014, we incurred $371,283 and $379,224, respectively, in total operating expenses, a period-to-period decrease of $7,941.

Compensation expense related to series A Preferred stock increased $156,349 from $-0- as this related to the one-time event from the issuance of Series A Preferred stock in 2014.

Interest expense for the year ended August 31, 2014 was $163,819 as compared to as compared to interest expense of $122,910 for the year ended August 31, 2013. The increase was due to an increased level of debt.





Net Loss

Our net loss for the year ended August 31, 2014 was ($737,408) as compared to ($713,306) for the year ended August 31, 2013, respectively.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.





Critical Accounting Policies

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with the accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are

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affected by management's application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financial statements.





Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates.





Basic Loss Per Share

Basic loss per share has been calculated based on the weighted average number of shares of common stock outstanding during the period.

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