Kun Peng International (KPEA) 10-Q 12 Feb 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2017	Feb. 09, 2018
Document And Entity Information
Entity Registrant Name	CX Network Group, Inc.
Entity Central Index Key	1,502,557
Document Type	10-Q
Document Period End Date	Dec. 31, 2017
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		14,486,670
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Sep. 30, 2017
Current assets
Cash and cash equivalents	$ 2,216	$ 13,611
Other receivable (Note 6)	13,020
Total current assets	15,236	13,611
Total Assets	15,236	13,611
Current liabilities
Accounts payable	18,351	6,600
Accrued interest	8,384	5,359
Payable to officer	22,832
Notes payable, current portion	150,000	150,000
Total current liabilities	199,567	161,959
Total Liabilities	199,567	161,959
Commitments and contingencies
Stockholders' equity (deficit)
Preferred stock, $0.0001 par value, 5,000,000 shares authorized; none issued and outstanding
Common stock, $0.0001 par value, 200,000,000 shares authorized; 14,653,333 and 14,653,333 shares issued and 14,486,670 and 14,486,670 outstanding at December 31, 2017 and September 30, 2017, respectively	1,449	1,449
Treasury stock, 166,667 shares September 2017 and December 31, 2017, respectively	17	17
Additional paid-in capital	152,184	152,184
Accumulated deficit	(337,981)	(301,998)
Total stockholders' deficit	(184,331)	(148,348)
Total Liabilities and Stockholders' Equity (Deficit)	$ 15,236	$ 13,611

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Sep. 30, 2017
Stockholders' equity (deficit)
Preferred Stock, par value per share	$ 0.0001	$ 0.0001
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value per share	$ 0.0001	$ 0.0001
Common Stock, shares authorized	200,000,000	200,000,000
Common Stock, shares issued	14,653,333	14,653,333
Common Stock, shares outstanding	14,486,670	14,486,670
Treasury Stock Shares	166,667	166,667

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenues
Tuition		$ 655,882
Shipping		7,579
Total revenues		663,461
Cost of sales		322,096
Gross profit		341,365
Operating expenses
Selling, general and administrative	32,819	292,099
Depreciation and amortization		763
Total operating expenses	32,819	292,862
Income (loss) from continuing operations	(32,818)	48,503
Other income (expenses)
Other (expenses) income	(140)
Interest expense	(3,025)	(11,125)
Total other income (expenses)	(3,165)	(11,125)
Income (loss) from operations before income tax	(35,983)	37,378
Net income (loss)	$ (35,983)	$ 37,378
Basis and diluted net income (loss) per share	$ 0	$ 0
Weighted average number of common shares outstanding	14,486,270	14,532,912

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net (loss) income	$ (35,983)	$ 37,378
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization		763
Amortization of debt discount		9,556
Bad debts		19,055
Changes in operating assets and liabilities
Accounts receivable		32,378
Other receivable	(13,020)
Bank overdraft		(13,558)
Accounts payable	11,751	(49,876)
Accrued expenses		(20,735)
Accrued interest	3,025	1,568
Purchase commitments		(2,590)
Net cash (used in) provided by operating activities	(34,227)	13,939
Cash flows from financing activities
Repayments of note payable		(31,274)
Cash advance from officer	22,832	17,335
Net cash (used in) provided by financing activities	22,832	(13,939)
Net decrease in cash and cash equivalents	(11,395)
Cash and cash equivalents at the beginning of period	13,611
Cash and cash equivalents at the end of period	2,216
Supplemental disclosures of cash flows information:
Cash paid for interest		$ 9,556

Nature of Operations and Going

Nature of Operations and Going Concern	3 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
NOTE 1 - Nature of Operations and Going Concern	The Company was incorporated in the State of Florida on September 3, 2010 under the name of “mLight Tech, Inc.” (“MLGT”). On July 11, 2017, MLGT merged with and into CX Network, Group, Inc., a Nevada corporation (“CX”) and our wholly owned subsidiary ("CXKJ"), with CX as the surviving corporation that operates under the name “CX Network Group, Inc.”(the “Name Change”), pursuant to an agreement and plan of merger (the "Merger Agreement") dated July 3, 2017. Pursuant to the Merger Agreement, immediately after the effective time of the Merger, the Company’s corporate existence is governed by the laws of the State of Nevada and the Articles of Incorporation and bylaws of CXKJ (the “Domicile Change”), and each outstanding share of MLGT’s common stock, par value $0.0001 per share was converted into 0.0667 outstanding share of common stock of CXKJ, par value $0.0001 per share at a one-for-fifteen reverse split ratio (the “Reverse Stock Split”) which resulted in reclassification of capital from par value to capital in excess of par value. Immediately prior to the effectiveness of the reverse stock split, we had 217,300,000 shares of common stock of MLGT issued and outstanding. Immediately upon the effectiveness of the reverse stock split, we had 14,486,670 shares of common stock of CXKJ issued and outstanding. All share and per share data for the three months ended December 31, 2017 and comparative periods included within our consolidated financial statements and related footnotes have been adjusted to account for the effect of the Reverse Stock Split. The Name Change, Domicile Change, and Reverse Stock Split went effective on June 12, 2017. Subsequently, the Company’s trading symbol for its common stock was changed to “CXKJ” and the new CUSIP number is 12672T 108. As used herein and except as otherwise noted, the term "Company", "it(s)", "our", "us", "we" and "mLight" shall mean CX Network Group, Inc,, mLight Tech, Inc., a Florida corporation, and Ding King Training Institute, Inc., a California corporation ("DKTI"), its wholly-owned subsidiary until March 31, 2017. 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 DKTI, a California corporation, in exchange for 2,500,000 shares of its common stock, par value $0.0001 per share. As a result, DKTI became a wholly-owned subsidiary of the Company. DKTI was the acquirer for financial reporting purposes and mLight was the acquired company. The merger was accounted for as a recapitalization. Subsequent to the merger, the operations of mLight were consolidated with the operations of DKTI. The Company elected to retain September 30 to be its fiscal year end. On March 31, 2017, the Company entered into a spin-off agreement (the “Spin-Off Agreement”) with DKTI and Todd Sudeck (“Mr. Sudeck”). Pursuant to the Spin-Off Agreement, Mr. Sudeck received all of the issued and outstanding capital stock of DKTI in exchange for 2,500,000 shares of common stock of the Company owned by Mr. Sudeck (the “Spin-Off”). Immediately after the closing of the Spin-Off, Mr. Sudeck has become the sole equity owner of DKTI and the Company has no further interest in DKTI. Before the Spin-Off, the Company, through DKTI, was in the business of 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, detailing and alloy wheel repair. The potential students are employees of auto body shops, car rental companies and car dealers as well as entrepreneurs looking to start their own businesses. DKTI is a California state licensed vocational school with the Bureau for Private Post-Secondary Education (BPPE #301591) and authorized to sell business opportunities in the automotive appearance training industry. The financial information presented in these notes to the Company's unaudited consolidated financial statements is for the three months ended December 31, 2017 and 2016, respectively. As shown in the accompanying consolidated financial statements, the Company has faced significant liquidity shortages. As of December 31, 2017, the Company's total liabilities exceeded its total assets by $184,331. The Company has a net loss of $35,983 for the three months ended December 31, 2017 and has recorded an accumulated deficit of $337,981 as of December 31, 2017. The Company has had difficulty in raising capital. On December 31, 2017 and as of the date of this report, due to the Spin-Off Agreement, the Company does not have substantial operations. 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 to exist. The Company cannot provide any assurance that new financing will be available to us on commercially. 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, 2017
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 generally accepted accounting principles in the United States of America (U.S. GAAP). Principles of Consolidation The accompanying consolidated financial statements include the accounts of CXKJ and its wholly-owned subsidiary DKTI through March 31, 2017, at which date DKTI was spun-off. 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 Through March 31, 2017, 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 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. The Company recorded bad debt expense of $0 and $19,055 for the three months ended December 31, 2017 and 2016, 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 December 31, 2017 and 2016 was $0 and $763, 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 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 Through March 31, 2017, 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 name of DKTI 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. 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 On December 22, 2017, the “Tax Cuts and Jobs Act” (the “Act”) was signed into law. Substantially all of the provisions of the Act are effective for taxable years beginning after December 31, 2017. The Act includes significant changes to the Internal Revenue Code of 1986 (as amended, the “Code”), including amendments which significantly change the taxation of individuals, and business entities. The Act contains numerous provisions impacting the Company, the most significant of which reduces the Federal corporate statutory tax rate from 34% to 21%. The staff of the US Securities and Exchange Commission (“SEC”) has recognized the complexity of reflecting the impacts of the Act, and on December 22, 2017 issued guidance in Staff Accounting Bulletin 118 (“SAB 118”), which clarifies accounting for income taxes under ASC 740 if information is not yet available or complete and provides for up to a one year period in which to complete the required analyses and accounting (the measurement period). SAB 118 describes three scenarios (or “buckets”) associated with a company’s status of accounting for income tax reform: (1) a company is complete with its accounting for certain effects of tax reform, (2) a company is able to determine a reasonable estimate for certain effects of tax reform and records that estimate as a provisional amount, or (3) a company is not able to determine a reasonable estimate and therefore continues to apply ASC 740, based on the provisions of the tax laws that were in effect immediately prior to the Act being enacted. The various provisions under the Act deemed most relevant to the Company have been considered in preparation of its financial statements as of December 31, 2017. To the extent that clarifications or interpretations materialize in the future that would impact upon the effects of the Act incorporated into the December 31, 2017 financial statements, those effects will be reflected in the future as or if they materialize. 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 December 2016, the FASB issued ASU 2016-19; the amendments cover a wide range of topics in the Accounting Standards Codification, including differences between original guidance and the Accounting Standards Codification, guidance clarification and reference corrections, simplification and minor improvements. The adoption of ASU 2016-19 is effective for annual periods, including interim periods, within those annual periods, beginning after December 15, 2016. The Company is currently evaluating the effect of this standard on its financial statements. In December 2016, the FASB issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. The amendments in this update are of a similar nature to the items typically addressed in the ASU 2016-19, Technical Corrections and Improvements. The FASB elected to issue a separate update for technical corrections and improvements to Topic 606 as well as other Topics amended by ASU 2014-09 to increase public awareness of the proposals and to expedite improvements to ASU-2014-9. The adoption of ASU 2016-20 is effective from the periods beginning after December 31, 2017, including interim reporting periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently evaluating the effect of this standard on its financial statements. In addition, the Financial Accounting Standards Board (“FASB”) has issued certain accounting standards updates as of December 29, 2017 that will become effective in subsequent periods. The Company currently has no revenue. The Company will evaluate the impact of the pronouncement once a new source of revenue is obtained. 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. Management believes 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, 2017
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 monthly payment of $756 had 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 in the prior fiscal year. 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, 2017
Notes to Financial Statements
NOTE 4 - Notes Payable	Notes payable consists of: December 31, 2017 September 30, 2017 (Unaudited) Note payable to individual, unsecured, 8% interest, due April 18, 2018 Total $ 150,000 $ 150,000 Total Note payable $ 150,000 $ 150,000 On April 19, 2017, the Company entered into a securities purchase agreement (the “Debenture Purchase Agreement”) pursuant to which the Company issued and sold in a private placement to a non-U.S. persona series A convertible debenture in an aggregate principal amount of $150,000 (the “Debenture”) with a 8% annual interest convertible into shares of Common Stock (the “Conversion Share(s)”) at price of $0.15 per share. The note is due on April 18, 2018. For the three ended December 31, 2017, the Company recorded interest expense of $ 3,025 related to the Debenture.

Commitments and Contingencies O

Commitments and Contingencies Operating Lease	3 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
NOTE 5 - Commitments and Contingencies Operating Lease	The Company’s previous lease commitments were all signed under DKTI. In connection with the Spin-Off Agreement, the Company no longer has ownership of DKTI, as of March 31, 2017. The Company currently does not have any outstanding lease agreements or commitments. The total rent expense including common area maintenance charges was $0 and $20,223, for the three months ended December 31, 2017 and 2016, respectively. 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.

Related Party Transactions with

Related Party Transactions with the Shareholder	3 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
NOTE 6 - Related Party Transactions with the Shareholder	Cash received by a Company’s formal principal shareholder/Officer has been recorded as compensation to officer. The Company has recorded $0 and $19,317 as compensation expense for the three months ended December 31, 2017 and 2016, respectively. In December 2017, the Company advanced $13,020 to an affiliate company of the Company’s CEO. The advance is non-interest bearing and due on demand and the amount is expected to be repaid within three months. The Company’s current officer provided a short-term advance to the Company in the amount of $22,832 and $0 as of December 31, 2017 and September 30, 2017, respectively, towards the Company's working capital requirements. The advance is non-interest bearing and due on demand.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
NOTE 7 - Stockholders' Equity	On July 11, 2017, the Company’s board of directors authorized a 1 for 15 Reverse Stock Split (defined hereinafter). The record date of the split was July 11, 2017 and the effective date was July 12, 2017. On 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 12,000,000 shares of the Company's common stock from Edward Sanders, the Company's former director and officer and principal shareholder. On October 31, 2013, the Company acquired all 100% of the issued and outstanding capital stock of DKTI by issuing 166,667 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. In connection with the Spin-Off Agreement, the Company received 166,667 shares of common stock from Mr. Sudeck and the Company returned those shares into treasury shares. The Company recorded a decrease in common stock of $250 as a result of the Spin-Off. On April 17, 2017, the Company entered into the Conversion Agreement with three Converters to convert the promissory notes issued pursuant to them pursuant to the Spin-Off Agreement into shares of Common Stock. Pursuant to the Conversion Agreement, the entire principal amount of the Notes was converted into shares of Common Stock at a conversion price of $.15 per share, for an aggregate number of 886,667 shares. Pursuant to the Conversion Agreement, all the Converters agree to waive their rights to receive the payment of accrued and outstanding interest under these promissory notes as of the date of the Conversion Agreement. On July 11, 2017, the Company merged with and into CXKJ with CXKJ as the surviving corporation that operates under the name “CX Network Group, Inc.”, pursuant to the Merger Agreement. Immediately after the effectiveness of the Merger, the Company’s corporate existence is governed by the laws of the State of Nevada and the Articles of Incorporation and bylaws of CXKJ, and each outstanding share of MLGT’s common stock, par value $0.0001 per share was converted into 0.0667 outstanding share of common stock of CXKJ, par value $0.0001 per share at a one-for-fifteen reverse split ratio. Immediately prior to the effectiveness of the Reverse Stock Split, we had 217,300,000 shares of common stock of MLGT issued and outstanding. Immediately upon the effectiveness of the Reverse Stock Split, we had 14,486,670 shares of common stock of CXKJ issued and outstanding. The trading symbol for the Company was changed to “CXKJ” on November 3, 2017 and the new CUSIP number is 12672T 108. As a result of the above, the Company had 14,486,670 shares of common stock issued and outstanding at December 31, 2017 and as of September 30, 2017.

Summary of Significant Accoun13

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2017
Summary Of Significant Accounting Policies Policies
Principles of Consolidation	The accompanying consolidated financial statements include the accounts of CXKJ and its wholly-owned subsidiary DKTI through March 31, 2017, at which date DKTI was spun-off. 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	Through March 31, 2017, 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 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. The Company recorded bad debt expense of $0 and $19,055 for the three months ended December 31, 2017 and 2016, 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 December 31, 2017 and 2016 was $0 and $763, 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 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	Through March 31, 2017, 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 name of DKTI 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.
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 On December 22, 2017, the “Tax Cuts and Jobs Act” (the “Act”) was signed into law. Substantially all of the provisions of the Act are effective for taxable years beginning after December 31, 2017. The Act includes significant changes to the Internal Revenue Code of 1986 (as amended, the “Code”), including amendments which significantly change the taxation of individuals, and business entities. The Act contains numerous provisions impacting the Company, the most significant of which reduces the Federal corporate statutory tax rate from 34% to 21%. The staff of the US Securities and Exchange Commission (“SEC”) has recognized the complexity of reflecting the impacts of the Act, and on December 22, 2017 issued guidance in Staff Accounting Bulletin 118 (“SAB 118”), which clarifies accounting for income taxes under ASC 740 if information is not yet available or complete and provides for up to a one year period in which to complete the required analyses and accounting (the measurement period). SAB 118 describes three scenarios (or “buckets”) associated with a company’s status of accounting for income tax reform: (1) a company is complete with its accounting for certain effects of tax reform, (2) a company is able to determine a reasonable estimate for certain effects of tax reform and records that estimate as a provisional amount, or (3) a company is not able to determine a reasonable estimate and therefore continues to apply ASC 740, based on the provisions of the tax laws that were in effect immediately prior to the Act being enacted. The various provisions under the Act deemed most relevant to the Company have been considered in preparation of its financial statements as of December 31, 2017. To the extent that clarifications or interpretations materialize in the future that would impact upon the effects of the Act incorporated into the December 31, 2017 financial statements, those effects will be reflected in the future as or if they materialize.
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 December 2016, the FASB issued ASU 2016-19; the amendments cover a wide range of topics in the Accounting Standards Codification, including differences between original guidance and the Accounting Standards Codification, guidance clarification and reference corrections, simplification and minor improvements. The adoption of ASU 2016-19 is effective for annual periods, including interim periods, within those annual periods, beginning after December 15, 2016. The Company is currently evaluating the effect of this standard on its financial statements. In December 2016, the FASB issued ASU 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. The amendments in this update are of a similar nature to the items typically addressed in the ASU 2016-19, Technical Corrections and Improvements. The FASB elected to issue a separate update for technical corrections and improvements to Topic 606 as well as other Topics amended by ASU 2014-09 to increase public awareness of the proposals and to expedite improvements to ASU-2014-9. The adoption of ASU 2016-20 is effective from the periods beginning after December 31, 2017, including interim reporting periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently evaluating the effect of this standard on its financial statements. In addition, the Financial Accounting Standards Board (“FASB”) has issued certain accounting standards updates as of December 29, 2017 that will become effective in subsequent periods. The Company currently has no revenue. The Company will evaluate the impact of the pronouncement once a new source of revenue is obtained. 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. Management believes 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 Accoun14

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2017
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, 2017
Notes Payable Tables
Notes Payable	Notes payable consists of: December 31, 2017 September 30, 2017 (Unaudited) Note payable to individual, unsecured, 8% interest, due April 18, 2018 Total $ 150,000 $ 150,000 Total Note payable $ 150,000 $ 150,000

Nature of Operations and Goin16

Nature of Operations and Going Concern (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017	Mar. 31, 2017	Oct. 31, 2013
Entity Incorporation, State Country Name	State of Florida
Entity Incorporation, Date of Incorporation	Sep. 3, 2010
Common Stock, shares issued	14,653,333		14,653,333
Common Stock, shares outstanding	14,486,670		14,486,670
Common Stock, par value per share	$ 0.0001		$ 0.0001
Stockholders' equity (deficit)	$ (184,331)		$ (148,348)
Net income (loss)	(35,983)	$ 37,378
Accumulated deficit	$ (337,981)		$ (301,998)
CX [Member]
Convertible common stock, par value per share	$ 0.0667
Reverse stock split	1:15
Common Stock, shares issued	14,486,670
Common Stock, shares outstanding	14,486,670
Common Stock, par value per share	$ 0.0001
MLGT [Member]
Convertible common stock, par value per share	$ 0.0667
Common Stock, shares issued	217,300,000
Common Stock, shares outstanding	217,300,000
Common Stock, par value per share	$ 0.0001
Ding King Training Institute, Inc. [Member]
Acquired issued and outstanding capital stock percentage					100.00%
Common Stock, par value per share					$ 0.0001
Exchange of common stock for acquisition					2,500,000
Ding King Training Institute, Inc. [Member] | Spin-Off Agreement [Member]
Exchange of common stock for acquisition				2,500,000

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Details)	3 Months Ended
	Dec. 31, 2017
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
Furniture and office equipment [Member]
Property, plant and equipment, useful life	5 years

Summary of Significant Accoun18

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Summary Of Significant Accounting Policies Details Narrative
Bad debt expense	$ 0	$ 19,055
Depreciation and amortization expense		$ 763
Potential dilutive shares	0	0

Payroll Taxes (Details Narrativ

Payroll Taxes (Details Narrative) - USD ($)	1 Months Ended
	Jan. 21, 2016	Oct. 19, 2016
Payroll Taxes Details Narrative
Unpaid accrued payroll taxes	$ 18,130
Deferred payroll taxes per month	$ 756
Unpaid payroll tax payment term	24 months
Total accrued payroll including penalties and interest	$ 44,442
Decrease in Payroll tax liability	$ 26,312
Settlement of payroll tax obligation		$ 18,806

Notes Payable (Details)

Notes Payable (Details) - Note payable to individual, unsecured, 8% interest, due April 18, 2018 [Member] - USD ($)	Dec. 31, 2017	Sep. 30, 2017
Notes payable consist of:
Total notes payable current and noncurrent portion	$ 150,000	$ 150,000
Total notes payable	$ 150,000	$ 150,000

Notes Payable (Details Narrativ

Notes Payable (Details Narrative) - Debenture Purchase Agreement [Member ] - USD ($)	1 Months Ended	3 Months Ended
	Apr. 19, 2017	Dec. 31, 2017
Maturity date	Apr. 18, 2018
Conversion price, per share	$ 0.15
Convertible debenture	$ 150,000
Interest rate	8.00%
Interest expense		$ 3,025

Commitments and Contingencies22

Commitments and Contingencies Operating Lease (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Commitments And Contingencies Operating Lease Details Narrative
Rent expense	$ 0	$ 20,223

Related Party Transactions wi23

Related Party Transactions with the Shareholder (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017
Related Party Transactions With Shareholder Details Narrative
Compensation expense	$ 0	$ 19,317
Payable to officer	22,832
Advanced from related party	$ 13,020

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	Jul. 11, 2017	Oct. 31, 2013	Dec. 31, 2017	Sep. 30, 2017	Apr. 17, 2017	Aug. 01, 2013
Treasury shares			166,667	166,667
Common Stock, shares issued			14,653,333	14,653,333
Common Stock, shares outstanding			14,486,670	14,486,670
Common stock, par value	$ 0.0001
Mr. Sudeck [Member] | Spin-Off Agreement [Member]
Treasury shares		166,667
Treasury shares, amount		$ 250
Conversion Agreement [Member ]
Conversion price, per share					$ 0.15
Aggregate number of shares					886,667
CX [Member]
Reverse Stock Split	1:15
Conversion price, per share	$ 0.0667
Common stock, par value	$ 0.0001
DKTI [Member]
Currently issued and outstanding common stock		100.00%
Stock Issued During Period, Shares		166,667
Stock Issued During Period, Value		$ 250
Recapitalization of common stock		$ 15,400
Board of Directors [Member]
Reverse Stock Split	1:15
Director And Officer [Member]
Common Stock, shares acquired from Edward Sanders						12,000,000
MLGT [Member]
Common Stock, shares issued			217,300,000
Common Stock, shares outstanding			217,300,000
CX [Member]
Common Stock, shares issued			14,486,670
Common Stock, shares outstanding			14,486,670
Reverse Stock Split			1:15