Lingerie Fighting Championships (BOTY) 10-Q 17 Jan 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Nov. 30, 2013	Jan. 10, 2014
Document and Entity Information [Abstract]	'	'
Entity Registrant Name	'CALA ENERGY CORP.	'
Entity Central Index Key	'0001407704	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--02-28	'
Document Type	'10-Q	'
Document Period End Date	30-Nov-13	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	339,757,357

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Nov. 30, 2013	Feb. 28, 2013
Current assets	'	'
Cash	$61,186	$5,960
Total current assets	61,186	5,960
Total assets	61,186	5,960
Current liabilities	'	'
Loans from related parties	'	125,100
Other current liabilities	176,551	100,499
Total current liabilities	176,551	225,599
Total liabilities	176,551	225,599
Stockholders' deficit	'	'
Preferred stock, par value $0.001 per share, 10,000,000 shares authorized, of which 5,000,000 shares are designated as series A convertible preferred stock, of which 0 and 5,000,000 shares were outstanding at November 30, 2013 and February 28, 2013.	'	5,000
Common stock, par value $0.001 per share, 400,000,000 and 225,000,000 shares authorized at November 30, 2013 and February 28, 2013, respectively, 339,757,357 and 194,757,357 shares issued and outstanding	339,757	194,757
Additional paid in capital	8,182,945	8,022,945
Accumulated deficit	-8,638,067	-8,442,341
Total stockholders' deficit	-115,365	-219,639
Total liabilities and stockholders' deficit	$61,186	$5,960

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Nov. 30, 2013	Feb. 28, 2013
Balance Sheets [Abstract]	'	'
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Series A convertible preferred stock, designated	5,000,000	5,000,000
Series A convertible preferred stock, shares issued	0	5,000,000
Series A convertible preferred stock, shares outstanding	0	5,000,000
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	400,000,000	225,000,000
Common stock, shares issued	339,757,357	194,757,357
Common stock, shares outstanding	339,757,357	194,757,357

Unaudited_Condensed_Consolidat

Unaudited Condensed Consolidated Statements of Operations and Other Comprehensive Loss (Unaudited) (USD $)	3 Months Ended				9 Months Ended
	Nov. 30, 2013		Nov. 30, 2012		Nov. 30, 2013		Nov. 30, 2012
Statements of Operations and Other Comprehensive Loss [Abstract]	'		'		'		'
Revenue	'		'		'		'
Selling, general and administrative expenses	61,650		92,178		195,726		268,903
Loss from operations	-61,650		-92,178		-195,726		-268,903
Other income (expense)	'		'		'		'
Interest expense	'		-91,945		'		-91,945
Loss from continuing operations before income taxes	-61,650		-184,123		-195,726		-360,848
Income taxes	'		'		'		'
Loss from continuing operations	-61,650		-184,123		-195,726		-360,848
Loss from the operation of the entities spun off	'		'		'		-230,455
Net Loss	-61,650		-184,123		-195,726		-591,303
Translation adjustments	'		'		'		11,028
Comprehensive loss	($61,650)		($184,123)		($195,726)		($580,275)
Net loss per share	'		'		'		'
Net loss per share from continuing operations	$0		$0		$0		$0
Net loss per share from entities spun off	$0		'		$0		$0
Basic and Diluted loss per share*	$0	[1]	$0	[1]	$0	[1]	($0.01)	[1]
Weighted average common shares outstanding	'		'		'		'
- Basic and Diluted	336,900,214		177,374,857		283,539,175		113,407,257
[1]	Weighted average number of shares used to compute basic and diluted loss per share is the same as the effect of dilutive securities are anti dilutive.

Unaudited_Condensed_Consolidat1

Unaudited Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Nov. 30, 2013	Nov. 30, 2012
Cash Flows from operating activities:	'	'
Net (loss)	($195,726)	($591,303)
Adjustments to reconcile net loss to net cash used in operating activities provided by (used in) operating activities:	'	'
Amortization of deferred assets	'	138,708
Loss on extinguishment of debt	'	91,945
Decrease (Increase) in liabilities:	'	'
Other current liabilities	76,052	43,459
Net cash used in operating activities from continuing operations	-119,674	-317,191
Net cash provided by (used in) operating activities of the entity spun off	'	46,599
Net cash used in operating activities	-119,674	-270,592
Cash flows from financing activities:	'	'
Proceeds (Repayment) from related parties	-125,100	205,996
Proceeds from issuance of common stock	300,000	'
Net cash provided by financing activities from continuing operations	174,900	205,996
Net cash provided by financing activities of the entity spun off	'	81,001
Net cash provided by financing activities	174,900	286,997
Net increase in cash and cash equivalents	55,226	16,405
Cash, beginning of the period	5,960	'
Cash, end of the period	61,186	16,405
Supplemental disclosures of cash flow information:	'	'
Interest paid	'	3,193
Income taxes paid	'	2,549
Supplemental disclosures of cash flow for non-cash transaction:	'	'
Issuances of preferred and common stock in exchange for release of loans from related parties and other current liabilities	'	$851,945
Issuances of common stock due to conversion of preferred stock	5,000	'

Nature_of_Operations_and_Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Nov. 30, 2013
Nature of Operations and Basis of Presentation [Abstract]	'
NATURE OF OPERATIONS AND BASIS OF PRESENTATION	'
	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION
	Cala Energy Corp. (the “Company”) is a Nevada corporation incorporated on November 29, 2006 under the name Sparking Events, Inc.  On June 28, 2009, the Company changed its corporate name to Xodtec Group USA, Inc., on May 17, 2010, the Company changed its corporate name to Xodtec LED, Inc., and on September 16, 2013, the Company changed its corporate name to Cala Energy Corp.
	Prior to May 31, 2012, the Company, through its subsidiaries, was engaged in the design, marketing and selling of advanced lighting solutions which are designed to use less energy and have a longer life than traditional incandescent, halogen, fluorescent light sources.  The Company’s wholly-owned subsidiaries, Xodtec Technology Co., Ltd. (“Xodtec”); Targetek Technology Co., Ltd. (“Targetek”); UP Technology Co., Ltd. (“UP”), are organized under the laws of the Republic of China (Taiwan).  The Company also owned a 35% interest in Radiant Sun Development S.A., an inactive company organized under the laws of the Independent State of Samoa (“Radiant Sun”).
	On July 13, 2012, pursuant to agreements dated June 5, 2012 and July 13, 2012, the Company entered into agreement with Hui-Yun Lo, who was then a director, pursuant to which all equity interest in Xodtec, Targetek and UP its 35% interest in Radiant Sun were transferred to Ms. Lo for the cancellation of notes payable to Ms. Lo in the total principal amount of $100,000. As a result of these transactions, the Company had spun off the wholly-owned subsidiaries.
	At February 28, 2013, the assets and liabilities of the spun off subsidiaries were not included in assets or liabilities of the Company.  For the year ended February 28, 2013, the results of operations of the spun off entities through July 13, 2012 are reflected as a net loss from spun off entities.  For the nine months ended November 30, 2012, the results of the operations of the spun-off subsidiaries for the period through May 31, 2012 are reflected as loss from the operation of entities spun off.
	On July 10, 2013, the Company formed Cala Energy International Corp., a wholly owned subsidiary, under the laws of the Nevada.
	During September 2013, the Company’s board of directors approved the creation of subsidiary under the laws of Republic of Indonesia in which the Company will have a 95% interest. As of November 30, 2013, the application is still being reviewed by the Indonesian government.
	The  consolidated  financial  statements  include  the  accounts  of  Cala Energy Corp. and  its  wholly owned subsidiary, Cala Energy International Corp.  Unless the context indicates otherwise, reference to the Company include Cala Energy Corp. and its subsidiary.   As of November 30, 2013, the Company has no material operating activities.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	9 Months Ended
	Nov. 30, 2013
Summary of Significant Accounting Policies [Abstract]	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Basis of Presentation
	The accompanying unaudited interim condensed consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and are presented in accordance with the requirements of Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these interim financial statements do not include all of the information and notes required by GAAP for complete financial statements. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the fiscal year ended February 28, 2013 included in the Company’s Form 10-K. In the opinion of management, the interim financial statements included herein contain all adjustments, including normal recurring adjustments considered necessary to present fairly the Company’s financial position, the results of operations and cash flows for the periods presented. The operating results and cash flows for the interim periods presented herein are not necessarily indicative of the results to be expected for any other interim period or the full year.
	The accompanying consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the unaudited condensed consolidated financial statements, during the nine months ended November 30, 2013, the Company generated no revenue, incurred an operating loss and a net loss of approximately $196,000 and had a negative cash flow in operating activities amounting approximately $120,000. As of November 30, 2013, the Company’s accumulated deficit was approximately $8,638,000, substantially all of which was generated by operations which have been spun off. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
	Use of Estimates
	The preparation of consolidated 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 and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However, actual results could differ materially from those results.
	Net Loss per Share
	The Company calculates its basic and diluted earnings per share in accordance with ASC 260. Basic earnings per share are calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share are calculated by adjusting the weighted average outstanding shares to assume conversion of all potentially dilutive warrants and options and convertible securities. Because the Company incurred losses for the nine months ended November 30, 2013, the number of basic and diluted shares of common stock is the same.
	Comprehensive Income (Loss)
	Comprehensive income (loss) includes accumulated foreign currency translation gains and losses with respect to the spun-off entities.

Recent_Accounting_Pronouncemen

Recent Accounting Pronouncements	9 Months Ended
	Nov. 30, 2013
Recent Accounting Pronouncements [Abstract]	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS
	The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition, or cash flows, based on current information.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Nov. 30, 2013
Related Party Transactions [Abstract]	'
RELATED PARTY TRANSACTIONS	'
	NOTE 4 – RELATED PARTY TRANSACTIONS
		November 30,		February 28,
		2013		2013
	Non-interest bearing and payable on demand to chief executive officer of the Company	$	-	$	125,100
	Total	$	-	$	125,100

Capital_Stock

Capital Stock	9 Months Ended
	Nov. 30, 2013
Capital Stock [Abstract]	'
CAPITAL STOCK	'
	NOTE 5 – CAPITAL STOCK
	On May 30, 2013, the Company amended its articles of incorporation to increase the authorized common stock from 225,000,000 shares to 400,000,000 shares.  The par value of $0.001 per share was not changed.
	During May 2013, the Company sold 40,000,000 shares of its common stock at $0.005 per share to investors, for which it received a total of $200,000.
	In June 2013, the 5,000,000 shares of series A convertible preferred stock were converted into 100,000,000 shares of common stock.
	During October and November 2013, the Company sold 5,000,000 shares of its common stock at $0.02 per share to investors, for which it received a total of $100,000.

Income_Taxes

Income Taxes	9 Months Ended
	Nov. 30, 2013
Income Taxes [Abstract]	'
INCOME TAXES	'
	NOTE 6– INCOME TAXES
	The Company did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because the Company has experienced operating losses for U.S. federal income tax purposes since inception. When it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Nov. 30, 2013
Summary of Significant Accounting Policies [Abstract]	'
Basis of Presentation	'
	Basis of Presentation
	The accompanying unaudited interim condensed consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and are presented in accordance with the requirements of Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these interim financial statements do not include all of the information and notes required by GAAP for complete financial statements. These interim financial statements should be read in conjunction with the consolidated financial statements and notes thereto for the fiscal year ended February 28, 2013 included in the Company’s Form 10-K. In the opinion of management, the interim financial statements included herein contain all adjustments, including normal recurring adjustments considered necessary to present fairly the Company’s financial position, the results of operations and cash flows for the periods presented. The operating results and cash flows for the interim periods presented herein are not necessarily indicative of the results to be expected for any other interim period or the full year.
	The accompanying consolidated financial statements have been prepared on a going concern basis which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the unaudited condensed consolidated financial statements, during the nine months ended November 30, 2013, the Company generated no revenue, incurred an operating loss and a net loss of approximately $196,000 and had a negative cash flow in operating activities amounting approximately $120,000. As of November 30, 2013, the Company’s accumulated deficit was approximately $8,638,000, substantially all of which was generated by operations which have been spun off. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
Use of Estimates	'
	Use of Estimates
	The preparation of consolidated 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 and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the amount of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made. However, actual results could differ materially from those results.
Net Loss per Share	'
	Net Loss per Share
	The Company calculates its basic and diluted earnings per share in accordance with ASC 260. Basic earnings per share are calculated by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per share are calculated by adjusting the weighted average outstanding shares to assume conversion of all potentially dilutive warrants and options and convertible securities. Because the Company incurred losses for the nine months ended November 30, 2013, the number of basic and diluted shares of common stock is the same.
Comprehensive Income (Loss)	'
	Comprehensive Income (Loss)
	Comprehensive income (loss) includes accumulated foreign currency translation gains and losses with respect to the spun-off entities.

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	9 Months Ended
	Nov. 30, 2013
Related Party Transactions [Abstract]	'
Summary of related party transactions	'
		November 30,		February 28,
		2013		2013
	Non-interest bearing and payable on demand to chief executive officer of the Company	$	-	$	125,100
	Total	$	-	$	125,100

Nature_of_Operations_and_Basis1

Nature of Operations and Basis of Presentation (Details) (USD $)	31-May-12	Sep. 30, 2013	Jul. 13, 2012
	Radiant Sun Development S A [Member]	Cala Energy International Corp [Member]	Hui-Yun Lo [Member]
Nature of Operations and Basis of Presentation (Textual)	'	'	'
Equity interest owned	35.00%	'	35.00%
Principal amount of cancelled notes payable	'	'	$100,000
Owned percentage in subsidiary	'	95.00%	'

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Details) (USD $)	3 Months Ended		9 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013	Nov. 30, 2012	Feb. 28, 2013
Summary of Significant Accounting Policies (Textual)	'	'	'	'	'
Net (loss)	($61,650)	($184,123)	($195,726)	($591,303)	'
Net cash used in operating activities	'	'	-119,674	-270,592	'
Accumulated deficit	($8,638,067)	'	($8,638,067)	'	($8,442,341)

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	Nov. 30, 2013	Feb. 28, 2013
Summary of related party transactions	'	'
Non-interest bearing and payable on demand to the related party of the company, Total	'	$125,100
Chief Executive Officer [Member]	'	'
Summary of related party transactions	'	'
Non-interest bearing and payable on demand to the related party of the company, Total	'	$125,100

Capital_Stock_Details

Capital Stock (Details) (USD $)	1 Months Ended	2 Months Ended		1 Months Ended
	30-May-13	Nov. 30, 2013	Feb. 28, 2013	Jun. 30, 2013
				Series A Preferred Stock [Member]
Capital Stock (Textual)	'	'	'	'
Common stock, shares authorized	400,000,000	400,000,000	225,000,000	'
Common stock, par value	$0.00	$0.00	$0.00	'
Shares issued to investors, Shares	40,000,000	5,000,000	'	'
Value of per share issued to investors	$0.01	$0.02	'	'
Share issued to investor, Value	$200,000	$100,000	'	'
Number of series A convertible preferred stock converted into common stock	'	'	'	5,000,000
Series A convertible preferred stock convertible into common stock	'	'	'	100,000,000