Integrated Ventures (INTV) 10-Q 17 Feb 15 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Dec. 31, 2014	Feb. 17, 2015
Document And Entity Information
Entity Registrant Name	Lightcollar, Inc.
Entity Central Index Key	1520118
Document Type	10-Q
Document Period End Date	31-Dec-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-28
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		5,650,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2015

Balance_Sheets_Unaudited

Balance Sheets (Unaudited) (USD $)	Dec. 31, 2014	Mar. 31, 2014
ASSETS
Current Assets	$0	$0
TOTAL ASSETS	0	0
Current Liabilities
Accounts payable	6,189	4,253
Loans from stockholders	84,535	56,535
Total Current Liabilities	90,724	60,788
Total Liabilities	90,724	60,788
STOCKHOLDERS' DEFICIT
Preferred stock, par value $0.001, 20,000,000 shares authorized, none issued and outstanding	0	0
Common stock, par value $0.001, 100,000,000 shares authorized, 28,250,000 shares issued and outstanding as of December 31, and March 31 , 2014	28,250	28,250
Additional paid-in capital	28,250	28,250
Accumulated deficit	-147,224	-117,288
Total Stockholders' Deficit	-90,724	-60,788
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$0

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Preferred Stock
Preferred Stock, Par Value	$0.00	$0.00
Preferred stock, par value $0.001, authorized	20,000,000	20,000,000
Preferred stock, par value $0.001, issued and outstanding	0	0
Common Stock
Common Stock, Par Value	$0.00	$0.00
Common stock, par value $0.001, authorized	100,000,000	100,000,000
Common stock, par value $0.001, issued and outstanding	28,250,000	28,250,000

Statements_of_Operations_Unaud

Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Revenue	$0	$0	$0	$0
Operating expenses
Professional fees	8,145	7,493	22,855	16,575
Memberships	0	2,000	0	10,000
General and administrative expenses	2,790	450	7,081	1,900
Total Operating Expenses	10,935	9,943	29,936	28,475
Net loss	($10,935)	($9,943)	($29,936)	($28,475)
Net Loss per Share-Basic and Diluted	$0	$0	$0	$0
Weighted Average Number of Common Shares Outstanding	28,250,000	28,250,000	28,250,000	28,250,000

Statements_of_Cash_Flows_Unaud

Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Cash flow from operating activities:
Net loss	($29,936)	($28,475)
Changes in operating assets and liabilities
Increase (decrease) in accounts payable	1,936	4,643
Net cash used in operating activities	-28,000	-23,832
Cash flow from investing activities:	0	0
Cash flow from financing activities:
Loans from stockholders	28,000	23,223
Net cash provided by financing activities	28,000	23,223
Net increase (decrease) in cash	0	-609
Cash-Beginning of period	0	609
Cash-End of period	$0	$0

Note_1_Organization_and_Basis_

Note 1 - Organization and Basis of Presentation	9 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Note 1 - Organization and Basis of Presentation	NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION
	Lightcollar, Inc. (the Company) was incorporated on March 22, 2011, under the laws of the State of Nevada. The business purpose of the Company is to resell an illuminated pet collar pendant through the Company’s website, Lightcollar.com. The website will be a promotional center for the product. The Company has selected March 31 as it fiscal year end.
	The unaudited interim financial statements included herein have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). The financial statements and notes are presented as permitted on Form 10-Q and do not contain all the information included in the Company’s annual statements and notes. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these financial statements be read in conjunction with the March 31, 2014, audited financial statements and the accompanying notes thereto contained in the Annual Report on Form 10-K. Operating results for the nine months ended December 31, 2014, are not necessarily indicative of the results that may be expected for the full year ending March 31, 2015.
	These unaudited financial statements reflect all adjustments, including normal recurring adjustments which, in the opinion of management, are necessary to present fairly the operations and cash flows for the periods presented.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	9 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Note 2 - Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America may require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could then differ from those estimates. There are no such estimates or assumptions incorporated in the attached financial statements.
	Office Space and Labor
	The Company’s sole Officer and Director provides the labor required to execute the business plan and supply the necessary office space and facilities for the initial period of operations. The Company recognizes the fair value of services and office space provided by our sole Officer and Director as contributed capital in accordance with ASC 225-10-S99-4. From inception (March 22, 2011) through December 31, 2014, the fair value of services and office space provided was estimated to be nil.
	Net Income or (Loss) Per Share of Common Stock
	The Company follows financial accounting standards, which provide for “basic” and “diluted” earnings per share. Basic earnings per share is computed by dividing income or loss available to common shareholders by the weighted average shares outstanding; basic and diluted, for the period. Diluted earnings per share reflects the potential dilution due to other securities outstanding which could affect the number of common shares upon exercise. The Company has no potentially dilutive securities, such as options, warrants or convertible bonds, currently issued and outstanding. Consequently, basic and diluted shares are the same, as presented in the Statements of Operations.
	Recently Enacted Accounting Standards
	In September 2014 the Financial Accounting Standards Board issued Accounting Standard Update No. 2014-10 (“the ASU”). This update changes the requirements for disclosures as it relates to exploration stage entities. The ASU specifies that the ‘inception–to-date’ information is no longer required to be presented in the financial statements of an exploration stage entity. The amendments in the ASU are effective for annual reporting periods beginning after December 15, 2014 and interim periods therein, with early application permitted for any financial statements that have not yet been issued. The Company has elected to apply the amendments as of the three month period ended June 30, 2014.

Note_3_Loans_From_Stockholders

Note 3 - Loans From Stockholders	9 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Note 3 - Loans From Stockholders	NOTE 3 - LOANS FROM STOCKHOLDERS
	The Company’s President and sole Director and another stockholder have advanced funds for Company expenses as unsecured non-interest bearing loans. The loans are payable on demand and therefore classified as current liabilities. The total of advances payable to stockholders was $84,535 as of December 31, 2014 ($56,535 as of March 31, 2014).

Note_4_Stockholders_Equity_Def

Note 4 - Stockholders' Equity (Deficit)	9 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Note 4 - Stockholders' Deficit	NOTE 4 - STOCKHOLDERS’ EQUITY (DEFICIT)
	Preferred Stock
	As of December 31, 2014, the Company has 20,000,000 shares of preferred stock authorized with a par value of $0.001 per share. No preferred shares are issued and outstanding.
	Common Stock
	As of December 31, 2014, the Company has 100,000,000 shares of common stock authorized with a par value of $0.001 per share. 28,250,000 shares have been sold since inception.
	No sales of stock have occurred during the three and nine months ending December 31, 2014.
	On November 26, 2014, the Company, with the approval of its board of directors and its majority shareholders by written consent in lieu of a meeting, authorized a forward split of its issued and authorized common shares, whereby every one (1) old share of common stock was exchanged for five (5) new shares of the Company's common stock. As a result, the issued and outstanding shares of common stock increased from five million six hundred fifty thousand (5,650,000) common shares prior to the forward split to twenty eight million two hundred fifty thousand (28,250,000) common shares following the forward split. On December 23, 2014, the Company received approval of forward split from the Financial Industry Regulatory Authority.
	All common shares in these financial statements reflect the forward split of 5:1.

Note_5_Membership

Note 5 - Membership	9 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
Note 5 - Membership	NOTE 5 - MEMBERSHIP
	The Company applied for membership in the Depository Trust Company (DTC), through a broker-dealer agent, in August of 2013. The agent’s fee, $8,000, was reported as a Membership expense. An additional $2,000 was paid to the agent for forwarding to DTC upon approval of the application in the three months ended December 31, 2013. The application was approved on October 25, 2013, so the $10,000 was reported as a Membership expense.

Note_6_Going_Concern

Note 6 - Going Concern	9 Months Ended
	Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Note 6 - Going Concern	NOTE 6 - GOING CONCERN
	The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which contemplates continuation of the Company as a going concern. The Company has incurred an operating deficit since its inception, is in the development stage, has generated no operating revenue, and has negative working capital of $90,724 as of December 31, 2014. These items raise substantial doubt about the Company’s ability to continue as a going concern.
	In view of these matters, realization of the assets of the Company is dependent upon the Company’s ability to meet its financial requirements through equity financing, loans from stockholders and sales of the Lightcollar pendants. These financial statements do not include adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence.

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America may require management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could then differ from those estimates. There are no such estimates or assumptions incorporated in the attached financial statements.
Office Space and Labor	Office Space and Labor
	The Company’s sole Officer and Director provides the labor required to execute the business plan and supply the necessary office space and facilities for the initial period of operations. The Company recognizes the fair value of services and office space provided by our sole Officer and Director as contributed capital in accordance with ASC 225-10-S99-4. From inception (March 22, 2011) through December 31, 2014, the fair value of services and office space provided was estimated to be nil.
Net Income or (Loss) Per Share of Common Stock	Net Income or (Loss) Per Share of Common Stock
	The Company follows financial accounting standards, which provide for “basic” and “diluted” earnings per share. Basic earnings per share is computed by dividing income or loss available to common shareholders by the weighted average shares outstanding; basic and diluted, for the period. Diluted earnings per share reflects the potential dilution due to other securities outstanding which could affect the number of common shares upon exercise. The Company has no potentially dilutive securities, such as options, warrants or convertible bonds, currently issued and outstanding. Consequently, basic and diluted shares are the same, as presented in the Statements of Operations.
Recently Enacted Accounting Standards	Recently Enacted Accounting Standards
	In September 2014 the Financial Accounting Standards Board issued Accounting Standard Update No. 2014-10 (“the ASU”). This update changes the requirements for disclosures as it relates to exploration stage entities. The ASU specifies that the ‘inception–to-date’ information is no longer required to be presented in the financial statements of an exploration stage entity. The amendments in the ASU are effective for annual reporting periods beginning after December 15, 2014 and interim periods therein, with early application permitted for any financial statements that have not yet been issued. The Company has elected to apply the amendments as of the three month period ended June 30, 2014.

Note_3_Loans_From_Stockholders1

Note 3 - Loans From Stockholders (Details Narrative) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Related Party Transactions [Abstract]
Advances Payable to Stockholder	$84,535	$56,535

Note_4_Stockholders_Equity_Def1

Note 4 - Stockholders' Equity (Deficit) (Details Narrative) (USD $)	9 Months Ended
	Dec. 31, 2014	Mar. 31, 2014
Preferred Stock
Preferred Stock, Par Value	$0.00	$0.00
Preferred stock, par value $0.001, authorized	20,000,000	20,000,000
Preferred stock, par value $0.001, issued and outstanding	0	0
Common Stock
Common stock, par value $0.001, issued and outstanding	28,250,000	28,250,000
Stock issued for cash, shares	0.001
Stock issued for cash, amount	$100,000,000
Stock Split ratio	5
Issuance of common stock, shares	0

Note_5_Membership_Details_Narr

Note 5 - Membership (Details Narrative) (USD $)	3 Months Ended
	Dec. 31, 2014
Notes to Financial Statements
DTC application agent Fee	$8,000
DTC application agent forwarding fee	2,000
Total membership expense related to DTC application	$10,000

Note_6_Going_Concern_Details_N

Note 6 - Going Concern (Details Narrative) (USD $)	Dec. 31, 2014	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Working capital	($90,724)	($60,788)