LNPR (NAEI) 10-K 7 Apr 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 20, 2014
Document And Entity Information	'	'
Entity Registrant Name	'Univest Tech Inc.	'
Entity Central Index Key	'0001454510	'
Document Type	'10-K	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Public Float	'	$0
Entity Common Stock, Shares Outstanding	'	23,044,500
Document Fiscal Period Focus	'FY	'
Document Fiscal Year Focus	'2013	'

Balance_Sheets

Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current Assets	'	'
Cash	$539	$1,539
TOTAL ASSETS	539	1,539
Current liabilities	'	'
Accounts payable	10,575	7,557
Interest payable	18,271	12,665
Derivative liability	12,045	'
Notes payable-related party	84,000	74,000
TOTAL LIABILITIES	124,891	94,222
SHAREHOLDERS' EQUITY	'	'
Preferred stock, par value $.10 per share; Authorized 1,000,000 shares; issued and outstanding -0- shares.	'	'
Common Stock, par value $.001 per share; Authorized 50,000,000 shares; issued and outstanding 23,044,500 shares.	23,045	23,045
Capital paid in excess of par value	50,643	50,643
Deficit accumulated during development stage	-198,040	-166,371
TOTAL SHAREHOLDERS' EQUITY	-124,352	-92,683
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$539	$1,539

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Stockholders equity:	'	'
Preferred stock, par value	$0.10	$0.10
Preferred stock, authorized shares	1,000,000	1,000,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value	$0.00	$0.00
Common stock, authorized shares	50,000,000	50,000,000
Common stock, issued shares	23,044,500	23,044,500
Common stock, outstanding shares	23,044,500	23,044,500

Statements_of_Operations

Statements of Operations (USD $)	12 Months Ended		74 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Income Statement [Abstract]	'	'	'
Revenue	'	'	'
General and administrative expenses	'	'	'
Accounting	3,500	11,000	32,445
Consulting	1,000	27,512	51,030
Office	3,330	5,364	14,602
Legal fees	'	3,988	4,591
Stock transfer fees	1,188	5,693	11,056
Total expenses	9,018	53,557	113,724
(Loss) from operations	-9,018	-53,557	-113,724
Other (expense) interest	'	'	'
Increase in fair value of derivative	-12,045	'	-12,045
Interest from beneficial conversion feature	'	-49,000	-49,000
Interest	-10,606	-4,366	-23,271
Total other (expense)	-22,651	-53,366	-84,316
Net (loss)	($31,669)	($106,923)	($198,040)
Basic (Loss) Per Share	'	'	($0.01)
Weighted Average Common Shares Outstanding - Basic and diluted	23,044,500	23,044,500	23,044,500

Statements_of_Shareholders_Equ

Statements of Shareholders' Equity (USD $)	Common Stock	Capital Paid in Excess of Par Value	Deficit Accumulated During Development Stage	Total
Beginning Balance, amount at Nov. 05, 2007	'	'	'	'
Beginning Balance, shares at Nov. 05, 2007	'	'	'	'
November 7, 2007 issued 22,937,500 shares of par value $.001 common stock for services valued at $22,938 or $.001 per share, shares	22,937,500	'	'	'
November 7, 2007 issued 22,937,500 shares of par value $.001 common stock for services valued at $22,938 or $.001 per share, amount	22,938	'	'	22,938
August 8, 2008 issued 107,000 shares of par value $.001 common stock for cash of $26,750 or $.25 per share (less deferred offering costs of $25,000) as part of a private offering, shares	107,000	'	'	'
August 8, 2008 issued 107,000 shares of par value $.001 common stock for cash of $26,750 or $.25 per share (less deferred offering costs of $25,000) as part of a private offering, amount	107	1,643	'	1,750
Net (Loss)	'	'	-25,476	-25,476
Ending Balance, amount at Oct. 31, 2008	23,045	1,643	-25,476	-788
Ending Balance, shares at Oct. 31, 2008	23,044,500	'	'	'
Net (Loss)	'	'	-12,030	-12,030
Ending Balance, amount at Oct. 31, 2009	23,045	1,643	-37,506	-12,818
Ending Balance, shares at Oct. 31, 2009	23,044,500	'	'	'
Net (Loss)	'	'	-10,518	-10,518
Ending Balance, amount at Oct. 31, 2010	23,045	1,643	-48,024	-23,336
Ending Balance, shares at Oct. 31, 2010	23,044,500	'	'	'
Net (Loss)	'	'	-11,091	-11,091
Ending Balance, amount at Oct. 31, 2011	23,045	1,643	-59,115	-34,427
Ending Balance, shares at Oct. 31, 2011	23,044,500	'	'	'
Net (Loss)	'	'	-333	-333
Ending Balance, amount at Dec. 31, 2011	23,045	1,643	-59,448	-34,760
Ending Balance, shares at Dec. 31, 2011	23,044,500	'	'	'
Beneficial conversion feature	'	12,500	'	49,000
Net (Loss)	'	'	-70,423	-106,923
Ending Balance, amount at Dec. 31, 2012	23,045	14,143	-129,871	-92,683
Ending Balance, shares at Dec. 31, 2012	23,044,500	'	'	'
Beneficial conversion feature	'	'	'	'
Net (Loss)	'	'	-31,669	-31,669
Ending Balance, amount at Dec. 31, 2013	$23,045	$50,643	($198,040)	($124,352)
Ending Balance, shares at Dec. 31, 2013	23,044,500	'	'	'

Statements_of_Shareholders_Equ1

Statements of Shareholders' Equity (Parenthetical) (USD $)	12 Months Ended
	Oct. 31, 2008
Statement of Stockholders' Equity [Abstract]	'
Per share value of shares issued for cash as part of a private offering	$0.25
Deferred offering costs related to shares issued for cash as part of a private offering	$25,000

Statements_of_Cash_Flows

Statements of Cash Flows (USD $)	12 Months Ended		74 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Statement of Cash Flows [Abstract]	'	'	'
Net (Loss)	($31,669)	($106,923)	($198,040)
Adjustments to reconcile decrease in net assets to net cash provided by operating activities:	'	'	'
Stock issued for services	'	'	22,938
Change in fair value of derivative liability	12,045	'	12,045
Beneficial conversion feature	'	49,000	49,000
Compensatory note issuances	5,000	27,512	32,512
Increase (Decrease) in accounts payable	8,018	4,557	15,575
Increase in interest payable	5,606	4,366	18,271
Cash used in operating activities	-1,000	-21,488	-47,699
Cash flows from investing activities:	'	'	'
Net cash (used) in investing activities	'	'	'
Cash flows from financing activities:	'	'	'
Notes payable	'	21,488	46,488
Issuance of common stock	'	'	26,750
Deferred offering costs	'	'	-25,000
Net cash provided from financing activities	'	21,488	48,238
Net increase (decrease) in cash	-1,000	'	539
Cash at beginning of period	1,539	1,539	1,539
Cash at end of period	539	1,539	539
Supplemental disclosure information:	'	'	'
Stock issued for services	'	'	22,938
Notes issed for services	5,000	27,512	32,512
Notes issued in satisfaction of accounts payable	$5,000	'	$5,000

Organization_and_Summary_of_Si

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Organization and Summary of Significant Accounting Policies	'
	Note 1 - Organization and Summary of Significant Accounting Policies
	ORGANIZATION
	Univest Tech, Inc. (the “Company”), was incorporated in the State of Colorado on November 6, 2007. The Company was formed to develop and market music based on technology solutions. The Company may also engage in any business that is permitted by law, as designated by the board of directors of the Company.
	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 of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
	STATEMENT OF CASH FLOWS
	For purposes of the statement of cash flows, the Company considered demand deposits and highly liquid-debt instruments purchased with maturity of three months or less to be cash equivalents.
	Cash paid for interest during the periods presented was $0.  Cash paid for income taxes during the periods presented was $0.
	BASIC EARNINGS PER SHARE
	The basic earnings (loss) per common share are computed by dividing the net income (loss) for the period by the weighted average number of shares outstanding.
	REVENUE RECOGNITION
	The Company will develop and market music based on technology solutions. The revenue is recognized on an accrual basis after services have been performed under contract terms, the service price to the client is fixed or determinable, and collection is reasonably assured. The Company has had no revenues from inception through December 31, 2013.

Basis_of_Presentation

Basis of Presentation	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Basis of Presentation	'
	Note 2 – Basis of Presentation
	In the course of its life the Company has had limited operations, and has a working capital deficit. This raises substantial doubt about the Company’s ability to continue as a going concern.
	The Company believes it can raise capital through equity sales and borrowing to fund its marketing and operating activities. Management believes this will contribute toward its operations and subsequent profitability. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Related_Party_Events

Related Party Events	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Related Party Events	'
	Note 3 – Related Party Events
	The Company currently has an office located at an address maintained by the President on a rent free basis.

Capital_Stock

Capital Stock	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Capital Stock	'
	Note 4 – Capital Stock
	The Company has authorized 50,000,000 shares of $.001 par value common stock.
	On November 7, 2007 the Company issued 22,937,500 shares of $.001 par value common stock for services valued at $22,938 or $.001 per share.
	On August 8, 2008 the Company completed its private offering and issued 107,000 shares of $.001 par value common stock for $26,750 or $.25 per share. The Company incurred offering expenses totaling $25,000. These expenses directly reduced the offering proceeds of $26,750 resulting in net funds received of $1,750.
	The Company authorized 1,000,000 shares of $.10 par value, preferred stock, to have such preferences as the Directors of the Company may assign from time to time. No preferred stock is either issued or outstanding as of December 31, 2013.
	The Company has declared no dividends through December 31, 2013.

Derivative_Liability

Derivative Liability	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Derivative Liability	'
	Note 5 – Derivative Liability
	The Company evaluates the embedded conversion features within convertible debt to determine if embedded financial instruments qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date.
	As of December 31, 2013, the Company determined that all of the embedded conversion features are derivative liabilities due to an insufficient number of authorized shares of common stock to settle outstanding contracts. The Company estimated the fair value of these embedded conversion features as $12,045 using Black-Scholes with the following assumptions:
	Exercise price	$	0.001
	Estimated stock price	$	0.001
	Expected life in years		0.25
	Risk-free interest rate		0.04	%
	Expected volatility		100	%
	Annual dividend yield		0	%
	The table below presents the change in fair value for year ended December 31, 2013:
	Balance at January 1, 2013	$	-
	Change in fair value		12,045
	Estimated value at December 31, 2013	$	12,045

Note_Payable

Note Payable	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Note Payable	'
	Note 6 -  Note Payable
	The Company at December 31, 2013 and 2012 had outstanding notes payable for $84,000 and $74,000 to companies related by common control, with $25,000 unsecured and $59,000 secured, bearing an interest rate at 8% and 2% per annum and due on demand. $61,000 of the notes is convertible anytime at the holders’ discretion into common stock at $.001 per share (59,000,000 shares). In regards to the convertible notes $49,000 was expensed as a beneficial conversion feature as of the period ended December 31, 2013.. Interest expense under the notes for the years ended December 31, 2013 and 2012 was $10,606 and $4,366 respectively. As of December 31, 2013 and 2012 accrued interest payable was $18,271 and $12,665, respectively.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Income Taxes	'
	Note 7 -  Income Taxes
	Deferred income taxes arise from the temporary differences between financial statement and income tax recognition of net operating losses. These loss carryovers are limited under the Internal Revenue Code should a significant change in ownership occur. The Company accounts for income taxes pursuant to ASC 740. At December 31, 2013 and December 31, 2012, the Company had approximately $138,592 and $106,923 in unused federal net operating loss carryforwards, which begin to expire principally in the year 2028. A deferred tax asset at each date of approximately $43,102 and $33,274 resulting from the loss carryforwards has been offset by a 100% valuation allowance. The change in the valuation allowance for the periods ended December 31, 2013 and December 31, 2012 was approximately $9,828 and $21,385, respectively.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events	'
	Note 8 – Subsequent Events
	On March 13, 2014, we incorporated a wholly-owned subsidiary, Auto Search Consulting, Inc.   Auto Search Consulting, Inc. will facilitate a marketplace providing auction services for sellers and buyers of used vehicles.  In addition, Auto Search Consulting, Inc. will provide ancillary services related to the sale and purchase of vehicles, and it also plans to recover salvaged vehicles in the southwestern region of the United States.  Revenue for Auto Search Consulting, Inc. will be generated through auction fees from both vehicle buyers and sellers, as well as through the ancillary services it will provide, including inspections, storage, transportation, reconditioning, salvage recovery, titling and financing.  As of the date of this current report, Auto Search Consulting has not yet begun operations or generated revenue.
	On March 13, 2014, we incorporated a wholly-owned subsidiary, Contour Consulting, Inc.  Contour Consulting has been formed to consult in the cosmetic surgery business.  The Company is currently negotiating with a current professional in the industry to run the day to day operations of the subsidiary. Contour Consulting, Inc. will focus on Botox fillers.  The company has not yet begun operations or generated revenue at this time.  The company will identify patients and will negotiate a fee from med spas and surgeons operating in the cosmetic surgery field.

Organization_and_Summary_of_Si1

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
USE OF ESTIMATES	'
	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 of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.
STATEMENT OF CASH FLOWS	'
	STATEMENT OF CASH FLOWS
	For purposes of the statement of cash flows, the Company considered demand deposits and highly liquid-debt instruments purchased with maturity of three months or less to be cash equivalents.
BASIC EARNINGS PER SHARE	'
	BASIC EARNINGS PER SHARE
	The basic earnings (loss) per common share are computed by dividing the net income (loss) for the period by the weighted average number of shares outstanding.
REVENUE RECOGNITION	'
	REVENUE RECOGNITION
	The Company will develop and market music based on technology solutions. The revenue is recognized on an accrual basis after services have been performed under contract terms, the service price to the client is fixed or determinable, and collection is reasonably assured. The Company has had no revenues from inception through December 31, 2013.

Derivative_Liability_Policies

Derivative Liability (Policies)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Derivative instruments and hedging	'
	The Company evaluates the embedded conversion features within convertible debt to determine if embedded financial instruments qualify as derivatives to be separately accounted for under the relevant sections of ASC Topic 815-40, Derivative Instruments and Hedging: Contracts in Entity’s Own Equity. The result of this accounting treatment could be that the fair value of a financial instrument is classified as a derivative instrument and is marked-to-market at each balance sheet date and recorded as a liability. In the event that the fair value is recorded as a liability, the change in fair value is recorded in the statement of operations as other income or other expense. Upon conversion or exercise of a derivative instrument, the instrument is marked to fair value at the conversion date and then that fair value is reclassified to equity. Financial instruments that are initially classified as equity that become subject to reclassification under ASC Topic 815-40 are reclassified to a liability account at the fair value of the instrument on the reclassification date.

Derivative_Liability_Tables

Derivative Liability (Tables)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Embedded conversion features	'
	Exercise price	$	0.001
	Estimated stock price	$	0.001
	Expected life in years		0.25
	Risk-free interest rate		0.04	%
	Expected volatility		100	%
	Annual dividend yield		0	%
Change in fair value	'
	Balance at January 1, 2013	$	-
	Change in fair value		12,045
	Estimated value at December 31, 2013	$	12,045

Note_Payable_Details

Note Payable (Details) (USD $)	12 Months Ended		74 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Note Payable Details	'	'	'
Outstanding notes payable	$84,000	$74,000	$84,000
Secured portion of note payable - convertible at any time	'	59,000	'
Unsecured portion of note payable	'	25,000	'
Interest rate	'	8.00%	'
Interest expense	10,606	4,366	'
Accrued interest payable	18,271	12,665	18,271
Amount of convertible notes expensed as a beneficial conversion feature	'	$49,000	$49,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Taxes Details	'	'
Unused federal net operating loss carryforwards	$138,592	$106,923
Deferred tax asset	43,102	33,274
Change in valuation (approximate)	$9,828	$21,385

Derivative_Liability_Embedded_

Derivative Liability - Embedded conversion features (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Notes to Financial Statements	'
Exercise price	$0.00
Estimated stock price	$0.00
Expected life in years	25.00%
Risk-free interest rate	0.04%
Expected volatility	100.00%
Annual dividend yield	0.00%

Derivative_Liability_Change_in

Derivative Liability - Change in fair value (Details) (USD $)	12 Months Ended		74 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Notes to Financial Statements	'	'	'
Balance at January 1, 2013	'	'	'
Change in fair value	12,045	'	12,045
Estimated value at December 31, 2013	$12,045	'	$12,045

Derivative_Liability_Details_N

Derivative Liability (Details Narrative) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Notes to Financial Statements	'	'
Fair value of embedded conversion features	$12,045	'

Capital_Stock_Details

Capital Stock (Details) (USD $)	12 Months Ended
	Oct. 31, 2008	Aug. 08, 2008
Capital Stock Details	'	'
Common shares issued for services	22,937,500	'
Value of services	$22,938	'
Shares issued in private offering	'	107,000
Cash value of shares issed in private offering	'	26,750
Per share value of shares in private offering	'	$0.25
Offering expenses of private offering	'	25,000
Proceeds received from private offering	'	$1,750