- Quarterly Report (10-Q)

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

(Mark One)

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 1998

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ______________

Commission File Number33-68304

Green Oasis Environmental, Inc.

(Exact name of registrant as specified in its charter)

 Florida 57-0970282

(State or other jurisdiction of (I.R.S. Employer

 incorporation or organization) Identification No.)

10745-178 Street, Edmonton, Alberta, Canada T5S 1J6

(Address of principal executive offices)

(780) 443-4237

(Registrant's telephone number, including area code)

GREEN OASIS ENVIRONMENTAL, INC.
(A Development Stage Company)

INDEX TO FINANCIAL STATEMENTS

GREEN OASIS ENVIRONMENTAL, INC.
(A Development Stage Company)

FINANCIAL STATEMENTS

For the twelve months ended December 31, 1998

 Page No.

INDEX TO FINANCIAL STATEMENTS F - 1

FINANCIAL STATEMENTS

Balance Sheets
 At December 31, 1998 (unaudited) F - 2

Statements of Operations
 For twelve months ended December 31, 1998 (unaudited) F - 3

Statements of Cash Flows
 For twelve months ended December 31, 1998 (unaudited) F - 4

NOTES TO FINANCIAL STATEMENTS F - 5

F - 1

GREEN OASIS ENVIRONMENTAL, INC.
(A Development Stage Company)

BALANCE SHEETS (unaudited)

ASSETS

 December 31,
 1998

Current Assets:
 Cash $
 Total Current Assets -

TOTAL ASSETS $ -

LIABILITIES AND STOCKHOLDERS' EQUITY

Stockholders' Equity:
 Preferred Stock Series A 7,500
 Common Stock 64,651
 Deficiency (72,151)
 Total Stockholders' Equity -

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ -

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

F - 2

GREEN OASIS ENVIRONMENTAL, INC.
(A Development Stage Company)

STATEMENT OF OPERATIONS (unaudited)

 Twelve Months
 Ended
 December 31
 1998

Operating Expenses:
 Administrative & General expenses $ -
 Total Operating Expenses -

Operating Income/(Loss) -

Net Loss $ -

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

F - 3

GREEN OASIS ENVIRONMENTAL, INC.
(A Development Stage Company)

STATEMENT OF CASH FLOWS (unaudited)

Twelve Months
Ended
December 31
1998

CASH FLOWS FROM OPERATING ACTIVITIES:

 Net Loss $

 Net Cash Used in Operating Activities -

CASH FLOWS FROM FINANCING ACTIVITIES:
 Net Cash Provided by Financing Activities -

NET INCREASE IN CASH AND CASH EQUIVALENTS -

CASH AND CASH EQUIVALENTS: -
 Beginning of the Period

 End of the Period $ -

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

F - 4

Green Oasis Environmental
(A Development Stage Company)

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - STATEMENT OF ACTIVITY

The Company has written off the following to equity as the Company was moribund from 1998 to 2009 and only became active again in 2009. As a result there is no history or knowledge of what occurred in the intermittent years.

Cash $48,000
Prepaid expenses 25,000
Property & Equipment, net of depreciation 107,000
Loans related parties 117,000
Patent costs 55,000
Accounts payable 432,000
Accrued expenses 65,000
Accrued wages & payroll taxes 2,000
Deposits receivable for equipment sales 5,000
Due to related parties 62,000
Notes payable 51,000
Additional paid-in-capital 5,569,000
Common Stock 349
Deficiency - development stage 5,869,849
Redeemable, convertible preferred stock 37,000
Series A preferred stock (1,500)

The Company has been active again since 2009. All the assets and liabilities, the above listed accounts, were written off to equity when the statements were prepared in 2010.

NOTE 2 - STOCKHOLDER'S EQUITY

The company has Series A preferred stock with a $1.00 par value, 9% cumulative, nonvoting, 500,000 shares authorized, 104,900 shares issued and 7,500 shares outstanding.

The Company has Common Stock, $.01 par value, 20,000,000 shares authorized, 6,465,134 issues and outstanding.

F-5

Green Oasis Environmental (CE) (USOTC:GRNO)
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