Kun Peng International (KPEA) 10-Q 8 Feb 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2016	Feb. 08, 2017
Document And Entity Information
Entity Registrant Name	mLight Tech, Inc.
Entity Central Index Key	1,502,557
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Current Fiscal Year End Date	--09-30
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 Common Stock, Shares Outstanding		206,500,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,017

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2016	Sep. 30, 2015
Current assets
Accounts receivable, net of allowance of $33,158 and $32,578 at December 31, 2016 and September 30, 2016, respectively	$ 71,020	$ 122,453
Total current assets	71,020	122,453
Property and equipment, net	5,038	5,801
Security deposit	10,756	10,756
Total Assets	86,814	139,010
Current liabilities
Bank overdraft	1,595	15,153
Accounts payable	98,901	148,777
Accrued expenses	19,698	40,433
Accrued interest	20,263	18,695
Refundable deposits	1,220	1,220
Payable to officer	81,935	64,600
Purchase commitments	362,948	365,538
Notes payable, current portion, net of discount of $24,787 and $34,343 at December 31, 2016 and September 30, 2016	179,138	200,856
Total current liabilities	765,698	855,272
Notes payable, long term portion
Total liabilities	765,698	855,272
Stockholders' equity (deficit)
Common stock, $0.0001 par value, 300,000,000 shares authorized; 206,500,000 shares issued and outstanding at December 31, 2016 and September 30, 2016, respectively	20,650	20,650
Accumulated deficit	(699,534)	(736,912)
Total stockholders' equity (deficit)	(678,884)	(716,262)
Total Liabilities and Stockholders' Equity (Deficit)	$ 86,814	$ 139,010

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2016	Sep. 30, 2015
Consolidated Balance Sheets Parenthetical
Accounts receivable, net of allowance	$ 33,158	$ 32,578
Notes payable, current portion, net of discount	$ 24,787	$ 34,343
Stockholders' deficit
Common Stock, par value per share	$ 0.0001	$ 0.0001
Common Stock, shares authorized	300,000,000	300,000,000
Common Stock, shares issued	206,500,000	206,500,000
Common Stock, shares outstanding	206,500,000	206,500,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Revenues
Tuition	$ 655,882	$ 540,919
Licensing fees		23,750
Shipping	7,579
Total Revenues	663,461	564,669
Cost of sales	322,096	259,341
Gross profit	341,365	305,328
Operating expenses
Selling, general and administrative	292,099	204,833
Depreciation and amortization	763	719
Total operating expenses	292,862	205,552
Income from operations	48,503	99,776
Other income (expenses)
Other income		5,625
Interest expense	(11,125)	(1,569)
Total other income (expenses)	(11,125)	4,056
Net income from operations before income tax	37,378	103,832
Provision for Income Taxes		800
Net income	$ 37,378	$ 103,032
Basis and diluted net income per share
Weighted average number of common shares outstanding	206,500,000	206,500,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities
Net income	$ 37,378	$ 103,032
Adjustments to reconcile net income to net cash provided in operating activities:
Depreciation and amortization	763	719
Amortization of debt discount	9,556
Bad debts	19,055	12,343
Changes in operating assets and liabilities
Accounts receivable	32,378	(91,545)
Prepaid expense		(2,400)
Security deposit		(1,200)
Bank overdraft	(13,558)	5,257
Accounts payable	(49,876)	26,962
Accrued expenses	(20,735)	(25,468)
Accrued interest	1,568	1,569
Refundable deposits		(2,700)
Deferred revenue		(23,750)
Purchase commitments	(2,590)	(283)
Net cash provided by operating activities	13,939	2,536
Cash flows from investing activities
Acquisition of property and equipment		(2,636)
Net cash used in investing activities		(2,636)
Cash flows from financing activities
Cash payment on loan payable	(31,274)
Cash received from officer	17,335	100
Net cash (used in) provided by financing activities	(13,939)	100
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of year
Cash and cash equivalents at the end of year
Supplemental disclosures of cash flows information:
Cash paid for income taxes		1,050
Cash paid for interest	$ 9,556

Nature of Operations and Going

Nature of Operations and Going Concern	3 Months Ended
	Dec. 31, 2016
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 Ding King Training Institute, Inc., a California corporation, its wholly-owned 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 the issued and outstanding 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 purposes and mLight is the acquired company. The merger was accounted for as a recapitalization. Consequently, the assets and liabilities and the operations that are reflected in the historical financial statements prior to the merger are those of DKTI, and are recorded at the historical cost basis of DKTI. Subsequent to the merger, the operations of mLight are consolidated with the operations of DKTI. The Company elected to retain September 30 to be its fiscal year end. The principal business of DKTI is training individuals for a career as a technician in the Automotive Appearance Industry, which includes paint less dent repair, interior restoration, windshield repair, window detailing, odor removal, auto detailing and alloy wheel repair. The individual students are normally 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 unaudited consolidated financial statements is for the three months ended December 31, 2016 and 2015, respectively. As shown in the accompanying consolidated financial statements, the Company has faced significant liquidity shortages. As of December 31, 2016, the Company's total liabilities exceeded its total assets by $678,884. The Company has a net income of $37,378 for the three months ended December 31, 2016, and has recorded an accumulated deficit of $699,534 as of December 31, 2016. The Company has been unable to satisfy its purchase commitments to vendors. These factors raise a substantial doubt about the Company's ability to continue as a going concern. If the Company is unable to obtain adequate capital through borrowings or sale of its common stock, it could be forced to cease operations. Because the Company has no contractual commitments with respect to any of these initiatives, there can be no assurance that additional funds for operations will be available on commercially reasonable terms or in the necessary amounts. Management has further expanded its operations geographically to continue its revenue growth. Management has negotiated an extension for $125,500 note payable obligations to provide additional time to realize its expansion plans and/or raise additional capital. 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 Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 2 - Summary of Significant Accounting Policies	The following summary of significant accounting policies 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 fair presentation. 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 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 instruments with maturity of three months or less at the time of issuance to be cash equivalents. Accounts Receivable Accounts receivable represent income earned from training provided to students for which the Company has not yet received payment. Payment plans are offered to students to pay off remaining tuition on an installment basis over periods not to exceed one year. Accounts receivable are recorded at the invoiced amount and stated at the amount management expects 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. The Company recorded bad debt expense of $19,055 and $12,343 for the three months ended December 31, 2016 and 2015, respectively. 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 for the three months ended December 31, 2016 and 2015 was $763 and $719, respectively. Machinery and equipment 3 - 5 years Furniture and office equipment 5 years 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 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 or extended credit over a period of one to three months or as agreed upon, is recognized as revenue upon the completion of the training courses. The training course duration is from 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, or credit is extended for installment payments, as evidenced by promissory note not to exceed one year. The Company records licensing revenue by granting an annual exclusive license to sell Dent Tools Direct, USA Inc. ("Dent Tools") merchandise online under the Ding King name and logo on the DKTI website. The Company recognizes licensing revenue ratably monthly as the Company earns revenue and satisfies conditions for recognition of revenues (See Note 7). Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Income Taxes Accounting for Uncertain Income Tax Positions Earnings (Loss) Per Common Share The Company computes net earnings (loss) per share in accordance with ASC 260, " Earnings per Share Recent Accounting Pronouncements In February 2016, the FASB issued ASU 2016-02, " Leases In January 2016, the FASB issued ASU 2016-01, “ Financial Instruments - Overall Recognition and Measurement of Financial Assets and Financial Liabilities. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers: Topic 606 In 2015, the FASB issued ASU No. 2015-17, “ Income Taxes” Balance Sheet Classification of Deferred Taxes 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.

Payroll Taxes

Payroll Taxes	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 3 - Payroll Taxes	On January 21, 2016, the Company negotiated a settlement with the Internal Revenue Service ("IRS") taxing authority and agreed to a monthly payment of $756 starting March 15, 2016, to pay previously unpaid payroll tax obligations of $18,130 over a period of 24 months. The Company had accrued a total obligation of $44,442 which included an estimate for penalties and interest. The IRS has agreed to waive the charge for penalties and interest, provided the Company submits a written request to the IRS for waiver of penalties and interest. The Company has submitted a request for waiver of penalties and interest, and is waiting for approval. The monthly payment of $756 has been deferred by the IRS pending resolution of the Company's waiver request. Management has reduced the payroll tax liability by $26,312 as a change in estimate. On October 19, 2016, the Company paid IRS $18,806 in full settlement of its unpaid payroll tax obligations.

Notes Payable

Notes Payable	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 4 - Notes Payable	Notes payable consists of: December 31, 2016 September 30, 2016 (Unaudited) Note payable to individual, unsecured, 5% interest, due December 31, 2017 (“Note A”) $ 50,000 $ 50,000 Note payable to individual, unsecured, 5% interest, due December 31, 2017 (“Note B”) 68,000 68,000 Note payable to individual, unsecured, 5% interest, due December 31, 2017 (“Note C”) 7,500 7,500 Note payable to bank, secured, week day payment of $481.14 for 330 weekdays (“Loan”) 78,425 109,699 203,925 235,199 Less: Debt discount (24,787 ) (34,343 ) $ 179,138 $ 200,856 On January 9, 2015, the Company and the individual debt holder of the three promissory notes Note A, Note B and Note C, collectively referred to as (“Notes”), totaling $133,000, mutually agreed to extend the payment due date of the Notes due on March 31, 2017. On December 19, 2016, the parties mutually agreed to further extend the maturity date to December 31, 2017. The extension provided for the Notes bearing the same terms upon maturity, the unpaid principal and accrued interest due in full as a balloon payment. For the three months ended December 31, 2016, the Company made no cash payments towards the Notes. The Company has recorded interest expense of $1,569 and $1,569 for the three months ended December 31, 2016 and 2015, respectively. On May 9, 2016, the Company entered a Business Loan Agreement (“Loan”) with a third-party financier and received cash proceeds of $109,500. The Loan is secured by the assets of the Company and requires the Company to make a daily cash payment of principal and interest, amounting to $481.14 on each business day, for a total of 330 business days. The total daily cash payments of principal and interest at maturity date would amount to $158,775. In connection with the issuance of the Loan, the Company recorded an OID discount of $49,275 which is being amortized to interest expense over the term of Loan using the effective interest method. As of December 31, 2016, the Company has made total cash payments of $80,350 on the Loan. The Company has recorded the amortization of OID discount as interest expense of $9,556 for the three months ended December 31, 2016. The unamortized portion of OID discount at December 31, 2016 and September 30, 2016 was $24,787 and $34,343, and the principal balance due on the Loan at December 31, 2016 and September 30, 2016 was $78,425 and $109,699, respectively. The Loan Agreement specifically requires the Company to use the cash proceeds solely for its working capital needs and not to be used for funding dividends or distributions to shareholders. The Company is in violation of the terms of Loan Agreement since the Company has used the cash proceeds received to fund its officer's compensation.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 5 - Commitments And Contingencies	Operating Lease The Company leases real property in Costa Mesa, California, under an operating lease which commenced on August 1, 2014 for a term of thirty-six (36) months and expires on July 31, 2017. During the lease term, the Company paid an initial monthly base rent of $1,843 plus its share of monthly direct expense charge of $566 for a total initial monthly rent of $2,409 for a period of twelve (12) months. The monthly base rent increased to $1,899 commencing August 1, 2015 and continuing through July 31, 2016, and to $1,956 commencing August 1, 2016 and continuing through July 31, 2017, respectively. The monthly direct expense charge is subject to adjustment pursuant to the terms of the lease. The Company paid a security deposit of $6,270 upon execution of the lease. On September 25, 2015, the Company executed another leased property in Costa Mesa, California, under an operating lease which commenced on October 1, 2015 for a term of twenty (20) months that expires on July 31, 2017. During the first twelve months of the lease term, the Company paid a monthly base rent of $712 plus its share of monthly common area maintenance charge of $120 for a total monthly commitment of $832. Thereafter, starting October 1, 2016, the monthly base rent will increase to $741 plus monthly share of common are maintenance of $120 for a total monthly commitment of $861. The Company paid a security deposit of $861 on this lease. On January 7, 2016, the Company agreed to lease a real property in Greenville, South Carolina, under an operating lease arrangement for a thirty-six (36) months term commencing April 1, 2016 for a monthly base rent of $900 and an additional monthly charge of $125 for common area maintenance. The Company paid a security deposit of $1,025 and the lease expires on March 31, 2019. On June 27, 2016, the Company entered an operating lease in Costa Mesa, California, whereby, the Company sub-leased an office space from a third party effective June 1, 2016, at a monthly rent of $1,400 for a period of one year. The Company paid a security deposit of $1,400 and the sub-lease expires on June 30, 2017. The total rent expense including common area maintenance charges was $20,223 and $8,227 for the three months ended December 31, 2016 and 2015, respectively. The minimum future payment commitment for the lease property is summarized below: For the year ending September 30: Payments 2017 $ 41,303 2018 12,300 2019 6,150 Total $ 59,753 Legal Matters From time to time the Company may become a party to litigation matters involving claims against the Company. Management believes that there are no current matters that would have a material effect on the Company's financial position or results of operations.

Purchase Commitments

Purchase Commitments	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 6 - Purchase Commitments	The Company received $430,000 in advances from a manufacturer and a distributor for anticipated rebates from purchases of paint and related products. In exchange for the advanced funds, the Company agreed to exclusively purchase paint and related products from the manufacturer and the 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 purchased by the Company, 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 dollar amount of products purchased to date by the Company, the remaining amount of the rebates advanced is $362,948 and $365,538 as of December 31, 2016 and September 30, 2016, respectively. The total dollar amount of products the Company is required to buy under the Rebate Agreement from the distributor was $4,200,000. 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. Management is still operating under the same contractual terms of the agreement as if it is still effective. The Company has previously tried to contact the current distributor regarding its purchase commitments. 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 Company's operations. 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 expired in November 2014. Management is still operating under the same contractual terms of the agreement as if it is still effective. The Company has previously tried to contact the current manufacturer regarding its purchase commitments. 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	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 7 - Related Party Transactions	Transactions with the Shareholder Cash received by the principal shareholder/Officer has been recorded as compensation to officer. The Company has recorded $18,317 and $44,184 as compensation expense for the three months ended December 31, 2016 and 2015, respectively. The Company recorded an automobile expense of $3,636 and $0 for the auto lease payments made by the Company on behalf of the principal shareholder/officer for the three months ended December 31, 2016 and 2015, respectively. In addition, the same officer provided a short-term advance to the Company in the amount of $81,935 and $64,600 as of December 31, 2016 and September 30, 2016, respectively, towards the Company's working capital requirements (See Note 4). Purchases and Advances from Affiliated Entity The Company had purchased its paint less repair tools in the past from Dent Tools Direct ("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. The Company purchased no tools from Dent Tools for the three months and nine months ended June 30, 2016, and $0 and $102,579 of tools for the three months and nine months ended June 30, 2015, respectively, of which no amounts were outstanding as payables at June 30, 2016 and September 30, 2015, respectively. On September 15, 2014, DKTI and Dent Tools entered into a licensing agreement whereby Dent Tools agreed to sell Dent Tools merchandise online under the Ding King name and logo on the DKTI website. Dent Tools agreed to pay cash or sell product in advance $95,000 in licensing fees for the twelve months period starting January 1, 2015 to December 31, 2015. The Company received the licensing fee of $95,000 as of December 31, 2014 with $13,798 in cash and $81,202 in settlement for purchase of tools and accessories from Dent Tools. The Company has recorded $0 and $23,750 in licensing revenues for the three months ended December 31, 2016 and 2015, respectively. As the license agreement expired on December 31, 2015, all revenue had been recognized. The Company currently has no license agreement in place to provide future revenues.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 8 - Stockholders' Equity	The Company's capitalization at December 31, 2016 was 300,000,000 authorized common shares with a par value of $0.0001 per share. On February 8, 2013, mLight's board of directors authorized a 20 for 1 forward split. The record date of the split was February 26, 2013 and the effective date was February 27, 2013. After the split, the total issued and outstanding shares were 204,000,000. All prior period shares and per share calculations in these financial statements and elsewhere in this report have been retroactively adjusted to reflect this stock split. On August 1, 2013, in a private transaction, Todd Sudeck, the sole director and officer of the Company, acquired a total of 180,000,000 shares of the Company's common stock from Edward Sanders, the Company's former director and officer and principal shareholder. Mr. Sudeck's 180,000,000 shares amount to approximately 88.24% of the Company's currently issued and outstanding common stock. On October 31, 2013, the Company acquired all 100% of the issued and outstanding capital stock of the Ding King Training Institute, Inc. by issuing 2,500,000 shares of its common stock valued at $250. The acquisition is being accounted as recapitalization. At the closing of the acquisition, the Company recorded an increase in common stock of $15,400 as a result of recapitalization. As a result of all stock issuances, the Company has 206,500,000 shares of common stock issued and outstanding at December 31, 2016 and September 30, 2016, respectively.

Subsequent Events

Subsequent Events	3 Months Ended
	Dec. 31, 2016
Notes to Financial Statements
NOTE 9 - Subsequent Events	Management has evaluated subsequent events through the date of this filing, noting no items that would impact the accounting for events or transactions in the current period or require additional disclosure.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2016
Summary Of Significant Accounting Policies Policies
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of mLight 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 instruments with maturity of three months or less at the time of issuance to be cash equivalents.
Accounts Receivable	Accounts receivable represent income earned from training provided to students for which the Company has not yet received payment. Payment plans are offered to students to pay off remaining tuition on an installment basis over periods not to exceed one year. Accounts receivable are recorded at the invoiced amount and stated at the amount management expects 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. The Company recorded bad debt expense of $19,055 and $12,343 for the three months ended December 31, 2016 and 2015, respectively.
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 for the three months ended December 31, 2016 and 2015 was $763 and $719, respectively. Machinery and equipment 3 - 5 years Furniture and office equipment 5 years
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 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 or extended credit over a period of one to three months or as agreed upon, is recognized as revenue upon the completion of the training courses. The training course duration is from 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, or credit is extended for installment payments, as evidenced by promissory note not to exceed one year. The Company records licensing revenue by granting an annual exclusive license to sell Dent Tools Direct, USA Inc. ("Dent Tools") merchandise online under the Ding King name and logo on the DKTI website. The Company recognizes licensing revenue ratably monthly as the Company earns revenue and satisfies conditions for recognition of revenues (See Note 7).
Income Taxes	The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, Income Taxes Accounting for Uncertain Income Tax Positions
Earnings (Loss) Per Common Share	The Company computes net earnings (loss) per share in accordance with ASC 260, " Earnings per Share
Recent Accounting Pronouncements	In February 2016, the FASB issued ASU 2016-02, " Leases In January 2016, the FASB issued ASU 2016-01, “ Financial Instruments - Overall Recognition and Measurement of Financial Assets and Financial Liabilities. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers: Topic 606 In 2015, the FASB issued ASU No. 2015-17, “ Income Taxes” Balance Sheet Classification of Deferred Taxes 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 Accoun16

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2016
Summary Of Significant Accounting Policies Tables
Property and Equipment	Machinery and equipment 3 - 5 years Furniture and office equipment 5 years

Notes Payable (Tables)

Notes Payable (Tables)	3 Months Ended
	Dec. 31, 2016
Notes Payable Tables
Notes Payable	December 31, 2016 September 30, 2016 (Unaudited) Note payable to individual, unsecured, 5% interest, due December 31, 2017 (“Note A”) $ 50,000 $ 50,000 Note payable to individual, unsecured, 5% interest, due December 31, 2017 (“Note B”) 68,000 68,000 Note payable to individual, unsecured, 5% interest, due December 31, 2017 (“Note C”) 7,500 7,500 Note payable to bank, secured, week day payment of $481.14 for 330 weekdays (“Loan”) 78,425 109,699 203,925 235,199 Less: Debt discount (24,787 ) (34,343 ) $ 179,138 $ 200,856

Commitments And Contingencies (

Commitments And Contingencies (Tables)	3 Months Ended
	Dec. 31, 2016
Commitments And Contingencies Tables
Future leases payments	For the year ending September 30: Payments 2017 $ 41,303 2018 12,300 2019 6,150 Total $ 59,753

Nature of Operations and Goin19

Nature of Operations and Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2015
Nature Of Operations And Going Concern Details Narrative
Total stockholders' equity (deficit)	$ (678,884)		$ (716,262)
Net Income (Loss)	37,378	$ 103,032
Accumulated deficit	(699,534)		$ (736,912)
Notes Payable	$ 125,500

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Details)	3 Months Ended
	Dec. 31, 2016
Machinery and equipment [Member] | Minimum [Member]
Property, plant and equipment, useful life	3 years
Machinery and equipment [Member] | Maximum [Member]
Property, plant and equipment, useful life	5 years
Office equipment and equipment [Member]
Property, plant and equipment, useful life	5 years

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Summary Of Significant Accounting Policies Details Narrative
Bad debt expense	$ 19,055	$ 12,343
Depreciation and amortization expense	$ 763	$ 719

Payroll Taxes (Details Narrativ

Payroll Taxes (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2016	Oct. 19, 2016
Payroll Taxes Details Narrative
Accrued payroll taxes	$ 18,130
Deferred payroll taxes per month	756
Accrued penalties and interest	44,442
Decrease in Payroll tax liability	$ 26,312
Payroll tax obligations		$ 18,806

Notes Payable (Details)

Notes Payable (Details) - USD ($)	Dec. 31, 2016	Sep. 30, 2016	Jan. 09, 2015
Notes payable consist of:
Less: Debt discount	$ (24,787)	$ (34,343)
Total notes payable current and noncurrent portion	203,925	235,199
Total notes payable	179,138	200,856	$ 133,000
Notes Payable 1 [Member]
Notes payable consist of:
Total notes payable current and noncurrent portion	50,000	50,000
Notes Payable 2 [Member]
Notes payable consist of:
Total notes payable current and noncurrent portion	68,000	68,000
Notes Payable 3 [Member]
Notes payable consist of:
Total notes payable current and noncurrent portion	7,500	7,500
Notes Payable 4 [Member]
Notes payable consist of:
Total notes payable current and noncurrent portion	$ 78,425	$ 109,699

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - USD ($)	May 07, 2016	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016	May 09, 2016	Jan. 09, 2015
Notes Payable Details Narrative
Interest expense		$ 1,569	$ 1,569
Promissory notes		179,138		$ 200,856		$ 133,000
Cash proceeds					$ 109,500
Daily cash payment of principal and interest					481
Total business days	330 days
Payment at maturity date					158,775
OID discount					$ 49,275
Cash payment		80,350
Amortization of OID discount		9,556
Unamortized OID discount		24,787		34,343
Principal balance due Loan		$ 78,425		$ 109,699

Commitments and Contingencies25

Commitments and Contingencies (Details)	Dec. 31, 2016USD ($)
For the year ending September 30:
2,017	$ 41,303
2,018	12,300
2,019	6,150
Total	$ 59,753

Commitments And Contingencies26

Commitments And Contingencies (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended
	Sep. 25, 2015	Dec. 31, 2016	Dec. 31, 2015
Initial monthly base rent		$ 712
Security deposit			$ (1,200)
Monthly maintenance charge		120
Monthly commiment fees		832
Rent expense		$ 20,223	$ 8,227
Costa Mesa [Member]
Operating lease commenced date	Oct. 1, 2015	Aug. 1, 2014
Operating lease commence period	20 months	36 months
Operating lease maturity date	Jul. 31, 2017	Jul. 31, 2017
Initial monthly base rent		$ 1,843
Monthly direct expense charge		566
Total monthly rent		$ 2,409
Initial rental period		12 months
Security deposit		$ 6,270
Costa Mesa [Member] | June 1, 2016 [Member]
Operating lease commenced date		Jun. 27, 2016
Operating lease commence period		25 months
Operating lease maturity date		Jun. 30, 2018
Initial monthly base rent		$ 1,400
Security deposit		1,400
Costa Mesa [Member] | October 1, 2016 [Member]
Security deposit		861
Increase monthly base rent		741
Increase maintenance charge		120
Increase commiment fees		861
Costa Mesa [Member] | August 1, 2015 [Member]
Increase monthly base rent		1,899
Costa Mesa [Member] | August 1, 2016 [Member]
Increase monthly base rent		$ 1,956
Greenville [Member] | April 1, 2016 [Member]
Operating lease commenced date		Apr. 1, 2016
Operating lease commence period		36 months
Operating lease maturity date		Mar. 31, 2019
Initial monthly base rent		$ 900
Security deposit		1,025
Monthly maintenance charge		$ 125

Purchase Commitments (Details N

Purchase Commitments (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Advances from manufacturer	$ 430,000
Purchase commitment	362,948	$ 365,538
Rebate Agreement from Distributor [Member]
Purchase Products	4,200,000
Rebate Agreement from Manufacturer [Member]
Purchase Products	$ 1,780,000

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended				9 Months Ended		12 Months Ended
	Jan. 17, 2014	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2016
Compensation expense		$ 18,317		$ 44,184
Automobile expense		3,636		0
Short-term unsecured loan		81,935								$ 64,600
Payment for ownership interest	$ 1
Tools purchased			$ 0		$ 0	$ 102,579	$ 0
Licensing fee								$ 95,000
Licensing revenues		$ 0		$ 23,750
DKTI [Member]
Licensing fee									$ 95,000
Settlement of cash									13,798
Settlement for purchase tools									$ 81,202

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Feb. 08, 2013	Oct. 31, 2013	Dec. 31, 2016	Sep. 30, 2016	Sep. 30, 2015	Aug. 01, 2013
Common Stock, shares authorized			300,000,000	300,000,000	300,000,000
Common Stock, par value per share			$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, shares issued			206,500,000	206,500,000	206,500,000
Common Stock, shares outstanding			206,500,000	206,500,000	206,500,000
Board of Directors [Member]
Common Stock, shares issued	204,000,000
Common Stock, shares outstanding	204,000,000
Reverse Stock Split	20 for 1 forward split
Director And Officer [Member]
Common Stock, shares acquired from Edward Sanders						180,000,000
Currently issued and outstanding common stock						88.24%
Ding King Training Institute, Inc [Member]
Currently issued and outstanding common stock		100.00%
Stock Issued During Period, Shares		2,500,000
Stock Issued During Period, Value		$ 250
Recapitalization of common stock		$ 15,400