Kun Peng International (KPEA) 10-Q 14 May 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Mar. 31, 2014	14-May-14
Document And Entity Information	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Entity Registrant Name	'mLight Tech, Inc.	'
Entity Central Index Key	'0001502557	'
Current Fiscal Year End Date	'--09-30	'
Is Entity a Voluntary Filer?	'No	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	206,500,000

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Sep. 30, 2013
Current assets	'	'
Cash and cash equivalents	$6,591	'
Accounts receivable	9,799	88,583
Other current assets	2,077	'
Total current assets	18,467	88,583
Property and equipment, net	5,436	5,428
Security deposit	6,270	6,270
Total Assets	30,173	100,281
Current liabilities	'	'
Bank overdraft	'	3,499
Accounts payable	49,656	6,616
Accrued expenses	49,906	71,645
Accrued interest	74,348	71,523
Refundable deposits	10,400	800
Payable to officer	500	'
Purchase commitments	397,137	397,137
Note payable	133,000	164,970
Total current liabilities	714,947	716,189
Total liabilities	714,947	716,189
Commitments and contingencies (Note 7)	'	'
Common stock, $0.0001 par value, 300,000,000 shares authorized; 206,500,000 shares and 204,000,000 shares issued and outstanding at March 31, 2014 and September 30, 2013, respectively	20,650	5,000
Accumulated deficit	-705,424	-620,908
Total stockholders' equity (deficit)	-684,774	-615,908
Total Liabilities and Stockholders' Equity (Deficit)	$30,173	$100,281

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Sep. 30, 2013
Stockholders' deficit	'	'
Common Stock, shares authorized	300,000,000	300,000,000
Common Stock, par value per share	$0.00	$0.00
Common Stock, shares issued	206,500,000	204,000,000
Common Stock, shares outstanding	206,500,000	204,000,000

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Consolidated Statements Of Operations	'	'	'	'
Revenues	$257,846	$204,365	$478,442	$331,551
Cost of revenues	141,066	61,108	245,584	123,783
Gross profit	116,780	143,257	232,858	207,768
Operating expenses	'	'	'	'
Selling, General and administrative	149,647	66,673	293,852	100,577
Depreciation and amortization	568	196	947	353
Total operating expenses	150,215	66,869	294,799	100,930
Income (loss) from continuing operations	-33,435	76,388	-61,941	106,838
Other income (expenses)	'	'	'	'
Interest expense	-3,110	-3,848	-6,925	-10,818
Total Other income (expenses)	-3,110	-3,848	-6,925	-10,818
Income (loss) from continuing operations before income tax	-36,545	72,540	-68,866	96,020
Provision for Income Taxes	'	'	'	'
Net income (loss)	($36,545)	$72,540	($68,866)	$96,020
Basis and diluted net income (loss) per share	$0	$0	$0	$0
.	206,500,000	204,000,000	206,074,176	204,000,000

Statements_of_Stockholders_Equ

Statements of Stockholders' Equity (Deficit) (USD $)	Common Stock	Shareholder Advance	Accumulated Deficit	Total
Beginning Balance, Amount at Sep. 30, 2012	$5,000	'	($1,169,149)	($1,164,149)
Beginning Balance, Shares at Sep. 30, 2012	204,000,000	'	'	'
Advances	'	-68,432	'	-68,432
Net loss	'	'	72,505	72,505
Ending Balance, Amount at Dec. 31, 2012	5,000	-68,432	-1,096,644	-1,160,076
Ending Balance, Shares at Dec. 31, 2012	204,000,000	'	'	'
Compensation in lieu of payment	'	68,432	'	68,432
Net loss	'	'	475,736	475,736
Ending Balance, Amount at Sep. 30, 2013	5,000	'	-620,908	-615,908
Ending Balance, Shares at Sep. 30, 2013	204,000,000	'	'	'
Recapitalization	15,400	'	-15,400	'
Issuance of new shares, Amount	250	'	-250	'
Issuance of new shares, Shares	2,500,000	'	'	'
Net loss	'	'	-68,866	-68,866
Ending Balance, Amount at Mar. 31, 2014	$20,650	'	($705,425)	($684,774)
Ending Balance, Shares at Mar. 31, 2014	206,500,000	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities	'	'
Net income (loss)	($68,866)	$96,020
Adjustments to reconcile net income (loss) to net cash used in operating activities:	'	'
Depreciation and amortization	947	353
Changes in operating assets and liabilities	'	'
Accounts receivable	53,784	-81,480
Other current assets	-2,077	102
Bank overdraft	-3,499	'
Accounts payable	37,560	-7,380
Accrued expenses	-21,738	8,074
Accrued interest	2,825	-33,182
Refundable deposits	9,600	-26,900
Net cash provided by (used in) operating activities	8,536	-44,393
Cash flows from investing activities	'	'
Acquisition of property and equipment	-955	-196
Net cash (used in) provided by investing activities	-955	-196
Cash flows from financing activities	'	'
Cash proceeds from notes payable	15,000	105,000
Repayment of note payable	-16,490	-9,877
Cash advanced to officer	'	-56,586
Cash received from officer	500	'
Net cash (used in) provided by financing activities	-990	38,537
Net increase (decrease) in cash and cash equivalents	6,591	-6,052
Cash and cash equivalents at beginning of period	'	15,551
Cash and cash equivalents at the end of period	6,591	9,499
Supplemental disclosures of cash flows information:	'	'
Cash paid for income taxes	'	'
Cash paid for interest	4,100	'
Supplemental disclosures of non-cash investing and financing activities:	'	'
Settlement of debt against accounts receivable	25,000	'
Recapitalization from acquisition	15,650	'
Settlement of note payable against purchases	$5,480	'

Nature_of_Operations_and_Going

Nature of Operations and Going Concern	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 1 - Nature of Operations and Going Concern	'
	As used herein and except as otherwise noted, the term “Company”, “it(s)”, “our”, “us”, “we” and “mLight” shall mean mLight Tech, Inc., a Florida corporation, and its consolidated subsidiary.
	mLight Tech, Inc. was incorporated in the State of Florida on September 3, 2010, to provide software solutions that simplify the management of networked personal computers. On October 31, 2013, the Company acquired 100% of all of the capital stock of the Ding King Training Institute, Inc. (“DKTI”), a California corporation, in exchange for 2,500,000 shares of its common stock. As a result of DKTI’s acquisition, DKTI became a wholly-owned subsidiary of the Company. DKTI is the acquirer for financial reporting purposed and mLight is the acquired company. The merger is being accounted for as a recapitalization. Consequently, the assets and liabilities and the operations that will be reflected in the historical financial statements prior to the merger will be those of DKTI and will be recorded at the historical cost basis of DKTI. Subsequent to the merger, the operations of mLight will be consolidated with the operations of DKTI. The Company elected to retain September 30 to be its fiscal year end. The share amounts for mLight Tech, Inc. have been presented to reflect equity as if the merger had occurred as of the first period presented.
	The principal business of DKTI is training individuals for a career as a technician in the Automotive Appearance Industry, which includes paintless dent repair, interior restoration, windshield repair, window detailing, odor removal, detailing and alloy wheel repair. The individual students are employees of auto body shops, car dealers and entrepreneurs looking to start their own businesses.
	The financial information presented in these notes to the Company’s consolidated financial statements are for the three months and six months ended March 31, 2014 and 2013, respectively, and are unaudited.
	As shown in the accompanying unaudited consolidated financial statements, the Company has a history of losses from operations. As of March 31, 2014, the Company’s liabilities exceeded its assets by $684,774. The Company has incurred a net loss of $68,866 for the six months ended March 31, 2014 and has an accumulated deficit of $705,424 as of March 31, 2014. The Company has had difficulty raising capital or obtaining trade credit from vendors. Additionally, the Company’s has been unable to satisfy its purchase commitments to vendors. These factors, among others, raise a substantial doubt about the Company’s ability to continue as a going concern. If the Company is unable to obtain adequate capital, it could be forced to cease operations. On October 31, 2013, the Company acquired mLight and believes this transaction will provide an improved capital raising opportunity to initiate expansion opportunities and increase advertising capabilities. Management believes these factors will contribute towards achieving profitability of the Company. The consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 2 - Summary of Significant Accounting Policies	'
	The following summary of significant accounting policies of the Company is presented to assist in the understanding of the Company’s consolidated financial statements. The consolidated financial statements and notes are the representation of the Company’s management who is responsible for their integrity and objectivity. The consolidated financial statements of the Company conform to accounting principles generally accepted in the United States of America (U.S. GAAP).
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of mLight Tech, Inc. and its wholly-owned subsidiary Ding King Training Institute, Inc. All intercompany balances and transactions are eliminated in consolidation.
	Use of Estimates
	The preparation of consolidated financial statements in conformity with U.S. GAAP 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 reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
	Cash and Cash Equivalents
	The Company considers all highly liquid short-term investments with a maturity of three months or less, when acquired, including money market accounts, to be cash equivalents. Periodically, the Company maintains cash balances at a bank in excess of the Federal Deposit Insurance Corporation (FDIC) insurance limit. Management does not believe there is significant credit risk associated with this financial institution.
	Accounts Receivable
	Accounts receivable represent income earned from licensing revenue from a previously affiliated entity (Note 8) and training provided to students for which the Company has not yet received payment. Accounts receivable are recorded at the invoiced amount and stated at the amount management expect to collect from balances outstanding at period-end. The Company estimates the allowance for doubtful accounts based on an analysis of specific accounts and an assessment of the customer’s ability to pay.
	Property and Equipment
	Property and equipment are stated at cost. Depreciation of property and equipment is calculated based on the straight-line method over the estimated useful lives of the related assets as summarized below. Major renewals and betterments are capitalized while maintenance costs are expensed as incurred. Depreciation and amortization expense was $568 and $947 for the three months and six months ended March 31, 2014, and was $196 and $353 for the same comparable periods ended March 31, 2013.
	Machinery and equipment	5 - 15 years
	Office equipment and equipment	7 years
	Leasehold improvements	Shorter of lease term or useful life
	Fair value of Financial Instruments and Fair Value Measurements
	ASC 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	The Company’s financial instruments consist principally of cash, accounts receivable, accounts payable, accrued liabilities, and short term loans. Pursuant to ASC 820 and ASC 825, “Financial Instruments”, the fair value of our cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all of the other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. The Company had no financial assets or liabilities carried and measured on a non-recurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared.
	Revenue Recognition
	The Company’s tuition packages vary in price according to the different types of training programs purchased by the students. Upon commencement of the courses, the Company recognizes as revenue any deposits previously received, as they are non-refundable upon commencement of the courses. The remaining tuition from the student or the student’s employer, which is received upon the commencement of the course, is recognized as revenue upon the completion of the training courses, the duration of which is one to two weeks.
	The Company’s revenue recognition policy is based on the revenue recognition criteria established under the SEC’s Staff Accounting Bulletin No. 104. The criteria and how the Company satisfies each element are as follows: (1) persuasive evidence of an arrangement - the Company and the student or the student’s employer (the customer) enters into a signed contract with the Company; (2) delivery has occurred - as noted above, upon the commencement of the course, the deposit is non-refundable per the terms of the signed contract and upon completion of the course, the Company has provided all services to be delivered to the student under the contract; (3) the price is fixed and determinable - the signed contract indicates a fixed dollar amount for the tuition for the courses enrolled by the student; (4) collectability is reasonable assured - the Company receives as payment a deposit and the balance of the tuition before the course is completed and no credit is extended, therefore there is no collection risk.
	The Company also receives licensing revenue by granting an exclusive license to sell Dent Tools Direct, USA Inc. (“Dent Tools”) merchandise online under the Ding King name and logo on the DKTI website (Note 8). Management has recognized revenue for this transaction as the Company has satisfied its conditions for recognition of revenues and believes collectability is reasonably assured given the current rate of collections and additional collections subsequent to the period end.
	Income Taxes
	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial reporting requirements and those imposed under federal and state tax laws. Deferred taxes are provided for timing differences in the recognition of revenue and expenses for income tax and financial reporting purposes and are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax assets and liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Realization of the deferred tax asset is dependent on generating sufficient taxable income in future years. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	Earnings (Loss) Per Common Share
	The Company computes net earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted net earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the three month and six month periods ended March 31, 2014 and 2013, there were no potentially dilutive common shares outstanding during the period.
	Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Acquisition_of_Ding_King_Train

Acquisition of Ding King Training Institute, Inc.	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 3 - Acquisition of Ding King Training Institute, Inc.	'
	On October 31, 2013, the Company entered into an Agreement of Purchase and Sale of Stock (the “Agreement”) with Ding King Training Institute, Inc. and the individual standing as the sole equity-holder of DKTI (the “Equity-Holder”). The Equity-Holder is also the majority shareholder, sole Director, Chief Executive Officer, President, Secretary, Chief Financial Officer and Treasurer of mLight. Pursuant to the terms of the Agreement, the Company acquired one hundred percent (100%) of the issued and outstanding capital stock of DKTI in exchange for the issuance of Two Million Five Hundred Thousand (2,500,000) restricted shares of the Company's common stock. For the accounting treatment, the merger is being accounted for as a recapitalization. DKTI is the acquirer for financial reporting purposes and mLight Tech, Inc. is the acquired company.
	DKTI’s balance sheet (unaudited) as of October 31, 2013, the date of acquisition is as follows:
	Assets acquired:
	Cash & cash equivalents	$	7,938
	Accounts receivable		66,334
	Other current assets		2,077
	Property & equipment, net		6,220
	Security deposits		6,270
	Total Assets acquired	$	88,839
	Liabilities assumed:
	Accounts payable	$	6,615
	Accrued liabilities		71,424
	Accrued interest		72,835
	Notes payable		157,380
	Purchase commitments		397,137
	Total Liabilities assumed		705,391
	Stockholder's deficit:
	Common stock		5,000
	Accumulated deficit		(621,552	)
	Total stockholder's deficit		(616,512	)
	Total Liabilities and Stockholder's Deficit	$	88,839

Payroll_Taxes

Payroll Taxes	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 4 - Payroll Taxes	'
	The Company has accrued for payroll taxes for the periods ended March 31, 2013 and September 30, 2013; however, these amounts have not been remitted to the appropriate taxing authorities and are delinquent. The outstanding balance as of March 31, 2014 is $46,538. Management intends to pay this obligation by or before September 30, 2014. The Company may be liable for penalties, including interest for these delinquent taxes. No provision for penalties or interest for these delinquent payments has been accrued as the amounts cannot be reasonably estimated.

Notes_Payable

Notes Payable	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 5 - Notes Payable	'
		March 31,		September 30,
		2014		2013
		(Unaudited)		(Unaudited)
	Notes payable consist of:
	Note payable to related party individual (Note 8), unsecured, non-interest bearing, no stated maturity date	$	-	$	8,000
	Note payable to an individual, unsecured, $1,000 interest per month		-		25,000
	Note payable to related party (Note 8), unsecured, non-interest bearing, no stated maturity date		-		5,480
	Note payable to individual, unsecured, 10% interest, due December 31, 2014		50,000		50,000
	Note payable to individual, unsecured, 10% interest, due December 31, 2014		68,000		68,000
	Note payable to individual, unsecured, 10% interest, due December 31, 2014		15,000		-
	Note payable to related party individual (Note 8), unsecured, non-interest bearing.		-		7,590
	Note payable to an individual, unsecured, 10% interest		-		900
			133,000		164,970
	Total	$	133,000	$	164,970
	The Company has been late in making payments on certain notes payable. The Company has made cash payments of $16,490 towards the notes payable, and settled $28,403 of note obligations during the six months ended March 31, 2014. The Company also executed a promissory note to an individual and received $15,000 in cash proceeds during the six months ended March 31, 2014. The Company has recorded $3,110 and $6,925 interest expense for the three months and six months ended March 31, 2014 and $3,848 and $10,818 interest expense for the comparable periods ended March 31, 2013, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 6 - Commitments and Contingencies	'
	Operating Lease
	The Company leases real property under a month-to-month operating lease, which commenced in August of 2012 for a two-year term, expiring in July 2014. The total rent expense including common area maintenance charges was $6,270 and $10,659 for the three months and six months ended March 31, 2014 as compared to $6,464 and $12,739 for the same comparable periods ended March 31, 2013, respectively, including common area maintenance charges. The minimum future payments for the leases are summarized below:
	For the remainder of the
	Year Ending September 30:	Payments
	2014	$	8,360
	Total	$	8,360

Purchase_Commitments

Purchase Commitments	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 7 - Purchase Commitments	'
	The Company received $430,000 in advances for anticipated rebates from purchases of paint and related products from a manufacturer and distributor. In exchange for the advanced funds, the Company agreed to exclusively purchase paint and related products from the manufacturer and distributor over a five and seven year period commencing in 2007 up to a certain dollar volume amount (the “Rebate Agreement(s)”). The Company initially recorded the amount of the advances as a liability on the balance sheet under “Purchase commitments”. Based on the volume of products the Company purchases, this liability is reduced on a pro-rata basis. The Company has not purchased the volume of products at the rate anticipated in the Rebate Agreements. Based on the amount of products purchased to date by the Company, the remaining amount of the rebates advanced is $397,137 as of March 31, 2014 and September 30, 2013.
	The total dollar amount of products the Company is required to buy under the Rebate Agreement from the distributor was $4.2 million. The Company’s original distributor ceased operations and sold its business to the Company’s current distributor, and management believes the Rebate Agreement was assigned to the current distributor. The Rebate Agreement with the distributor expired in November 2012. The Company has contacted the current distributor regarding its purchase commitments and is currently negotiating an extension or concessions to repay its obligation and/or settlement. Management anticipates they will be able to successfully negotiate a revised agreement to fulfill the purchase commitment or obtain a concession from the distributor as the Company is currently purchasing products in the ordinary course of business. In the event the Company cannot negotiate a satisfactory agreement, other vendors exist in the market to purchase these products and management believes there would be no significant impact on the operations of the Company. If the Company is unable to negotiate an extension or concessions to repay the obligation, the Company may incur legal costs of litigation for breach of contract.
	The total dollar amount of products the Company is required to buy under the Rebate Agreement from the manufacturer was $1,780,000. The contract with the manufacturer expires in November 2014. If the Company cannot fulfill the purchase obligation, management anticipates they will be able to negotiate a time extension to fulfill the purchase commitment. If the Company is unable to negotiate extensions or concessions to repay the obligation, the Company may incur legal costs of litigation for breach of contract.

Related_Party_Transactions

Related Party Transactions	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 8 - Related Party Transactions	'
	Transactions with the Shareholder
	The principal shareholder/officer of the Company utilized the Company’s banking function for personal expenses prior to DKTI’s acquisition by the Company. The shareholder has discontinued this practice upon the acquisition of DKTI, and the shareholder’s advance to such date has been recorded as compensation to the officers as of the date of acquisition. The Company recorded $0 and $4,411 as compensation expense for the three months and six months ended March 31, 2014. In addition, the officer provided a short-term advance of $500 as of March 31, 2014 towards the working capital requirements of the Company.
	Purchases and Advances from Affiliated Entity
	The Company purchases its paintless repair tools from Dent Tools, a previously affiliated entity through common ownership. On January 17, 2014, the principal shareholder of the Company divested his ownership interest in Dent Tools for $1 consideration. For the three months and six months ended March 31, 2014, the Company purchased $27,689 and $51,615 of tools from Dent Tools, of which no amounts were outstanding at March 31, 2014. For the three months and six months ended March 31, 2013, the Company purchased $13,736 of tools from Dent Tools.
	On January 4, 2013, DKTI entered into a licensing agreement with Dent Tools whereby, DKTI granted an exclusive license to sell Dent Tools merchandise online under the Ding King name and logo on the DKTI website. Dent Tools agreed to pay DKTI a royalty of $300,000 over a 24 month period. The payment terms agreed for licensing were a monthly payment of $20,000 for the calendar year 2013 and the remaining balance of $60,000 to be paid at the monthly amount of $5,000 over the next twelve months. The Company recorded $15,000 and $75,000 in licensing revenues for the three months and six months ended March 31, 2014 as compared to $60,000 for the three months and six months ended march 31, 2013. In addition, Dent Tools agreed to settle on behalf of DKTI a note payable to an individual in the amount of $25,000 in lieu of payment towards the licensing fee during the six months ended March 31, 2014. The Company has a receivable from Dent Tools for licensing income of $5,000 and $56,279 at March 31, 2014 and September 30, 2013, respectively.
	Dent Tools had advanced $10,960 to the Company in 2011 of which $0 remained outstanding at March 31, 2014 and $5,480 remained outstanding at September 30, 2013, respectively (Note 5).
	Borrowing from Relative
	The Company has borrowed $20,836 from the principal shareholder’s sister during the years ended December 31, 2012 and 2011. The Company paid $8,000 and $17,667 towards the promissory note during the three months and six months ended March 31, 2014. The net amount outstanding at March 31, 2014 and September 30, 2013 was $0 and $15,590, respectively (Note 5).

Subsequent_Events

Subsequent Events	6 Months Ended
	Mar. 31, 2014
Notes to Financial Statements	'
NOTE 9 - Subsequent Events	'
	Management has evaluated subsequent events through May 14, 2014, the date the financial statements were available to be issued.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2014
Summary Of Significant Accounting Policies Policies	'
Principles of Consolidation	'
	The accompanying consolidated financial statements include the accounts of mLight Tech, Inc. and its wholly-owned subsidiary Ding King Training Institute, Inc. All intercompany balances and transactions are eliminated in consolidation.
Use of Estimates	'
	The preparation of consolidated financial statements in conformity with U.S. GAAP 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 reported amounts of revenues and expenses during the reporting period. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected.
Cash and Cash Equivalents	'
	The Company considers all highly liquid short-term investments with a maturity of three months or less, when acquired, including money market accounts, to be cash equivalents. Periodically, the Company maintains cash balances at a bank in excess of the Federal Deposit Insurance Corporation (FDIC) insurance limit. Management does not believe there is significant credit risk associated with this financial institution.
Accounts Receivable	'
	Accounts receivable represent income earned from licensing revenue from a previously affiliated entity (Note 8) and training provided to students for which the Company has not yet received payment. Accounts receivable are recorded at the invoiced amount and stated at the amount management expect to collect from balances outstanding at period-end. The Company estimates the allowance for doubtful accounts based on an analysis of specific accounts and an assessment of the customer’s ability to pay.
Property and Equipment	'
	Property and equipment are stated at cost. Depreciation of property and equipment is calculated based on the straight-line method over the estimated useful lives of the related assets as summarized below. Major renewals and betterments are capitalized while maintenance costs are expensed as incurred. Depreciation and amortization expense was $568 and $947 for the three months and six months ended March 31, 2014, and was $196 and $353 for the same comparable periods ended March 31, 2013.
	Machinery and equipment	5 - 15 years
	Office equipment and equipment	7 years
	Leasehold improvements	Shorter of lease term or useful life
Fair value of Financial Instruments and Fair Value Measurements	'
	ASC 820, “Fair Value Measurements and Disclosures”, requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. ASC 820 prioritizes the inputs into three levels that may be used to measure fair value:
	Level 1
	Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.
	Level 2
	Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.
	Level 3
	Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.
	The Company’s financial instruments consist principally of cash, accounts receivable, accounts payable, accrued liabilities, and short term loans. Pursuant to ASC 820 and ASC 825, “Financial Instruments”, the fair value of our cash equivalents is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. The Company believes that the recorded values of all of the other financial instruments approximate their current fair values because of their nature and respective maturity dates or durations. The Company had no financial assets or liabilities carried and measured on a non-recurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared.
Revenue Recognition	'
	The Company’s tuition packages vary in price according to the different types of training programs purchased by the students. Upon commencement of the courses, the Company recognizes as revenue any deposits previously received, as they are non-refundable upon commencement of the courses. The remaining tuition from the student or the student’s employer, which is received upon the commencement of the course, is recognized as revenue upon the completion of the training courses, the duration of which is one to two weeks.
	The Company’s revenue recognition policy is based on the revenue recognition criteria established under the SEC’s Staff Accounting Bulletin No. 104. The criteria and how the Company satisfies each element are as follows: (1) persuasive evidence of an arrangement - the Company and the student or the student’s employer (the customer) enters into a signed contract with the Company; (2) delivery has occurred - as noted above, upon the commencement of the course, the deposit is non-refundable per the terms of the signed contract and upon completion of the course, the Company has provided all services to be delivered to the student under the contract; (3) the price is fixed and determinable - the signed contract indicates a fixed dollar amount for the tuition for the courses enrolled by the student; (4) collectability is reasonable assured - the Company receives as payment a deposit and the balance of the tuition before the course is completed and no credit is extended, therefore there is no collection risk.
	The Company also receives licensing revenue by granting an exclusive license to sell Dent Tools Direct, USA Inc. (“Dent Tools”) merchandise online under the Ding King name and logo on the DKTI website (Note 8). Management has recognized revenue for this transaction as the Company has satisfied its conditions for recognition of revenues and believes collectability is reasonably assured given the current rate of collections and additional collections subsequent to the period end.
Income Taxes	'
	The Company’s tuition packages vary in price according to the different types of training programs purchased by the students. Upon commencement of the courses, the Company recognizes as revenue any deposits previously received, as they are non-refundable upon commencement of the courses. The remaining tuition from the student or the student’s employer, which is received upon the commencement of the course, is recognized as revenue upon the completion of the training courses, the duration of which is one to two weeks.
	The Company’s revenue recognition policy is based on the revenue recognition criteria established under the SEC’s Staff Accounting Bulletin No. 104. The criteria and how the Company satisfies each element are as follows: (1) persuasive evidence of an arrangement - the Company and the student or the student’s employer (the customer) enters into a signed contract with the Company; (2) delivery has occurred - as noted above, upon the commencement of the course, the deposit is non-refundable per the terms of the signed contract and upon completion of the course, the Company has provided all services to be delivered to the student under the contract; (3) the price is fixed and determinable - the signed contract indicates a fixed dollar amount for the tuition for the courses enrolled by the student; (4) collectability is reasonable assured - the Company receives as payment a deposit and the balance of the tuition before the course is completed and no credit is extended, therefore there is no collection risk.
	The Company also receives licensing revenue by granting an exclusive license to sell Dent Tools Direct, USA Inc. (“Dent Tools”) merchandise online under the Ding King name and logo on the DKTI website (Note 8). Management has recognized revenue for this transaction as the Company has satisfied its conditions for recognition of revenues and believes collectability is reasonably assured given the current rate of collections and additional collections subsequent to the period end.
Earnings (Loss) Per Common Share	'
	The Company computes net earnings (loss) per share in accordance with ASC 260, “Earnings per Share”. ASC 260 requires presentation of both basic and diluted net earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing earnings (loss) available to common shareholders (numerator) by the weighted average number of shares outstanding (denominator) during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period using the treasury stock method and convertible preferred stock using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential shares if their effect is anti-dilutive. For the three month and six month periods ended March 31, 2014 and 2013, there were no potentially dilutive common shares outstanding during the period.
Recent Accounting Pronouncements	'
	The Company has implemented all new accounting pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Mar. 31, 2014
Summary Of Significant Accounting Policies Tables	'
Property and Equipment	'
	Machinery and equipment	5 - 15 years
	Office equipment and equipment	7 years
	Leasehold improvements	Shorter of lease term or useful life

Acquisition_of_Ding_King_Train1

Acquisition of Ding King Training Institute, Inc. (Tables)	6 Months Ended
	Mar. 31, 2014
Acquisition Of Ding King Training Institute Inc. Tables	'
Statement of assets and liabilities of Subsidiary	'
	DKTI’s balance sheet (unaudited) as of October 31, 2013, the date of acquisition is as follows:
	Assets acquired:
	Cash & cash equivalents	$	7,938
	Accounts receivable		66,334
	Other current assets		2,077
	Property & equipment, net		6,220
	Security deposits		6,270
	Total Assets acquired	$	88,839
	Liabilities assumed:
	Accounts payable	$	6,615
	Accrued liabilities		71,424
	Accrued interest		72,835
	Notes payable		157,380
	Purchase commitments		397,137
	Total Liabilities assumed		705,391
	Stockholder's deficit:
	Common stock		5,000
	Accumulated deficit		(621,552	)
	Total stockholder's deficit		(616,512	)
	Total Liabilities and Stockholder's Deficit	$	88,839

Notes_Payable_Tables

Notes Payable (Tables)	6 Months Ended
	Mar. 31, 2014
Notes Payable Tables	'
Notes Payable	'
		March 31,		September 30,
		2014		2013
		(Unaudited)		(Unaudited)
	Notes payable consist of:
	Note payable to related party individual (Note 8), unsecured, non-interest bearing, no stated maturity date	$	-	$	8,000
	Note payable to an individual, unsecured, $1,000 interest per month		-		25,000
	Note payable to related party (Note 8), unsecured, non-interest bearing, no stated maturity date		-		5,480
	Note payable to individual, unsecured, 10% interest, due December 31, 2014		50,000		50,000
	Note payable to individual, unsecured, 10% interest, due December 31, 2014		68,000		68,000
	Note payable to individual, unsecured, 10% interest, due December 31, 2014		15,000		-
	Note payable to related party individual (Note 8), unsecured, non-interest bearing.		-		7,590
	Note payable to an individual, unsecured, 10% interest		-		900
			133,000		164,970
	Total	$	133,000	$	164,970

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	6 Months Ended
	Mar. 31, 2014
Commitments And Contingencies Tables	'
Future leases payments	'
	For the remainder of the
	Year Ending September 30:	Payments
	2014	$	8,360
	Total	$	8,360

Nature_of_Operations_and_Going1

Nature of Operations and Going Concern (Details Narrative) (USD $)	3 Months Ended			6 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2014	Mar. 31, 2013	Sep. 30, 2013	Sep. 30, 2012
Nature Of Operations And Going Concern Details Narrative	'	'	'	'	'	'	'
Company incorporated date	'	'	'	3-Sep-10	'	'	'
Company incorporated state	'	'	'	'State of Florida	'	'	'
Liabilities exceeded	($684,774)	'	($1,160,076)	($684,774)	'	($615,908)	($1,164,149)
Net (loss)	36,545	-72,540	-72,505	68,866	-96,020	-475,736	'
Accumulated deficit	($705,424)	'	'	($705,424)	'	($620,908)	'

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Details)	6 Months Ended
	Mar. 31, 2014
Leasehold improvements	'Shorter of lease term or useful life
Machinery and equipment [Member] | Minimum [Member]	'
Property, plant and equipment, useful life	'5 years
Machinery and equipment [Member] | Maximum [Member]	'
Property, plant and equipment, useful life	'15 years
Office equipment and equipment [Member]	'
Property, plant and equipment, useful life	'7 years

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Details Narrative) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Summary Of Significant Accounting Policies Details Narrative	'	'	'	'
Dilutive shares	'	'	0	0
Depreciation and amortization	$568	$196	$947	$353

Acquisition_of_Ding_King_Train2

Acquisition of Ding King Training Institute, Inc. (Details) (USD $)	Mar. 31, 2014	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Oct. 31, 2013
					Ding King Training Institute, Inc. [Member]
Assets acquired:	'	'	'	'	'
Cash & cash equivalents	'	'	'	'	$7,938
Accounts receivable	'	'	'	'	66,334
Other current assets	'	'	'	'	2,077
Property & equipment, net	'	'	'	'	6,220
Security deposits	'	'	'	'	6,270
Total Assets acquired	'	'	'	'	88,839
Liabilities assumed:	'	'	'	'	'
Accounts payable	'	'	'	'	6,615
Accrued liabilities	49,906	71,645	'	'	71,424
Accrued interest	'	'	'	'	72,835
Notes payable	133,000	164,970	'	'	157,380
Purchase commitments	397,137	397,137	'	'	397,137
Total Liabilities assumed	'	'	'	'	705,391
Stockholder's deficit:	'	'	'	'	'
Common stock	20,650	5,000	'	'	5,000
Accumulated deficit	'	'	'	'	-621,552
Total stockholder's deficit	-684,774	-615,908	-1,160,076	-1,164,149	-616,512
Total Liabilities and Stockholder's Deficit	$30,173	$100,281	'	'	$88,839

Acquisition_of_Ding_King_Train3

Acquisition of Ding King Training Institute, Inc. (Details Narrative)	Oct. 31, 2013
Acquisition Of Ding King Training Institute Inc. Details Narrative	'
Acquisition capital stock of Ding King	100.00%

Payroll_Taxes_Details_Narrativ

Payroll Taxes (Details Narrative) (USD $)	Mar. 31, 2014
Payroll Taxes Details Narrative	'
Accrued payroll taxes	$46,538

Notes_Payable_Details

Notes Payable (Details) (USD $)	Mar. 31, 2014	Sep. 30, 2013
Notes payable consist of:	'	'
Note payable to related party individual (Note 8), unsecured, non-interest bearing, no stated maturity date.	'	$8,000
Note payable to an individual, unsecured, $1,000 interest per month	'	25,000
Note payable to related party (Note 8), unsecured, non-interest bearing, no stated maturity date.	'	5,480
Note payable to individual, unsecured, 10% interest, due December 31, 2014	50,000	50,000
Note payable to individual, unsecured, 10% interest, due December 31, 2014	68,000	68,000
Note payable to individual, unsecured, 10% interest, due December 31, 2014	15,000	'
Note payable to related party individual (Note 8), unsecured, non-interest bearing	'	7,590
Note payable to an individual, unsecured, 10% interest.	'	900
Notes payable	133,000	164,970
Less: current portion	$133,000	$164,970

Notes_Payable_Details_Narrativ

Notes Payable (Details Narrative) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Notes Payable Details Narrative	'	'	'	'
Cash payments for notes payable	'	'	$16,490	$9,877
Settelment of note obligation	'	'	28,403	'
Cash received promissory note	'	'	15,000	'
Interest expense	$3,110	$6,925	$3,848	$10,818

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	Sep. 30, 2013
Commitments And Contingencies Details	'
Operating leases future minimum payment 2014	$8,360
Total operating leases future minimum payment	$8,360

Commitments_and_Contingencies_2

Commitments and Contingencies (Details Narrative) (USD $)	3 Months Ended		6 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Commitments And Contingencies Details Narrative	'	'	'	'
Rent expense	$6,270	$6,464	$10,659	$12,739

Purchase_Commitments_Details_N

Purchase Commitments (Details Narrative) (USD $)	Mar. 31, 2014
Purchase Commitments Details Narrative	'
Purchase commitment	$397,137

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Sep. 30, 2013
Related Party Transactions Details Narrative	'	'	'	'	'
Compensation expense	$0	'	$4,411	'	'
Short-term unsecured loan	500	'	500	'	'
Tools purchased	27,689	13,736	51,615	0	'
Monthly payment for licensing	'	'	'	'	20,000
Remaining balance for licensing	'	'	'	'	60,000
Licensing income	15,000	60,000	75,000	60,000	'
Note payable to individual	'	'	25,000	'	'
Receivable for licensing income	5,000	'	5,000	'	56,279
Receivable outstanding	0	'	0	'	5,480
Promissory note payable from relative	8,000	'	17,667	'	'
Borrowing amount outstanding from relative	$0	'	$0	'	$15,590