Lotus Bio-Technology Development (LBTD) 10-K 29 Jul 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2015	Sep. 30, 2014
Document and Entity Information:
Entity Registrant Name	Starflick.com Inc.
Document Type	10-K
Document Period End Date	Mar. 31, 2015
Amendment Flag	false
Entity Central Index Key	1,520,592
Current Fiscal Year End Date	--03-31
Entity Common Stock, Shares Outstanding	181,275,000
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Public Float		$ 190,000
Trading Symbol	stfk

STARFLICK.COM INCORPORATED - Ba

STARFLICK.COM INCORPORATED - Balance Sheets - USD ($)		Mar. 31, 2015	Mar. 31, 2014
Current Assets:
Cash and cash equivalents		$ 1,505	$ 5
Total Current Assets		1,505	5
TOTAL ASSETS		1,505	5
Current liabilities:
Accounts payable and accrued liabilities		8,738	5,720
Due to related parties		37,970	19,555
Total Current Liabilities		46,708	25,275
TOTAL LIABILITIES		$ 46,708	$ 25,275
Stockholders' Equity (Deficiency):
Preferred stock	[1]
Common stock	[2]	$ 1,813	$ 1,813
Additional paid-in capital		101,278	101,278
Accumulated deficit		(148,294)	(129,570)
TOTAL STOCKHOLDERS' EQUITY DEFICIT		(45,203)	(26,479)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY DEFICIT)		$ 1,505	$ 5
[1]	100,000,000 authorized, par value $0.00001, nil issued and outstanding.
[2]	100,000,000 authorized, par value $0.00001, 181,275,000 issued and outstanding.

STARFLICK.COM INCORPORATED - B3

STARFLICK.COM INCORPORATED - Balance Sheets, Parenthetical - $ / shares	Mar. 31, 2015	Mar. 31, 2014
Statement of Financial Position
Common Stock, Par Value	$ 0.00001	$ 0.00001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares Issued	181,275,000	181,275,000
Common Stock, Shares Outstanding	181,275,000	181,275,000
Preferred Stock, Par Value	$ 0.00001	$ 0.00001
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued
Preferred Stock, Shares Outstanding

STARFLICK.COM INCORPORATED - St

STARFLICK.COM INCORPORATED - Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Expenses
Accounting and legal	$ 15,893	$ 13,745
Office expenses	64
Stock transfer management	2,767	2,248
Earnings (Loss) from operations	(18,724)	(15,993)
Net loss	$ (18,724)	$ (15,993)
Basic and diluted loss per share	$ 0	$ 0
Weighted average number of common shares outstanding, basic and diluted	181,275,000	181,275,000

STARFLICK.COM INCORPORATED - S5

STARFLICK.COM INCORPORATED - Statement of Stockholders' Equity (Deficiency) - USD ($)	Common Stock	Additional paid-in Capital	Accumulated (deficit)	Total
Balance, Value at Mar. 31, 2013	$ 1,813	$ 102,487	$ (113,577)	$ (9,277)
Balance, Shares at Mar. 31, 2013	181,275,000
Spin off of Black Rock Petroleum Co.		(1,209)		(1,209)
Net loss			(15,993)	(15,993)
Balance, Value at Mar. 31, 2014	$ 1,813	101,278	(129,570)	(26,479)
Balance, Shares at Mar. 31, 2014	181,275,000
Net loss			(18,724)	(18,724)
Balance, Value at Mar. 31, 2015	$ 1,813	$ 101,278	$ (148,294)	$ (45,203)
Balance, Shares at Mar. 31, 2015	181,275,000

STARFLICK.COM INCORPORATED - S6

STARFLICK.COM INCORPORATED - Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net loss	$ (18,724)	$ (15,993)
Changes in non-cash working capital:
Accounts payable and accrued liabilities, increase decrease	3,018	4,370
Net cash used in operating activities	(15,706)	(11,623)
Cash Flows from financing activities:
Due to related parties, increase decrease	17,206	7,559
Net cash used in financing activities	17,206	7,559
Increase (Decrease) in cash and cash equivalents	1,500	(4,064)
Cash and cash equivalents, beginning of period	5	4,069
Cash and cash equivalents, end of period	$ 1,505	$ 5
Supplemental Cash Flow Information
Cash paid for interest
Cash paid for income taxes

1. Description of Business and

1. Description of Business and Basis of Presentation	12 Months Ended
	Mar. 31, 2015
Notes
1. Description of Business and Basis of Presentation	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Starflick.Com Incorporated the “Company”) was formed on March 24, 2011 with planned principal operations as an independent motion picture producer In late 2014, the Company has revised its business plan to incorporate establishing partnerships and affiliates with companies in the movie and entertainment industry. In the first quarter of 2015, the Company has been active to establish business relationships with movie distributors, resellers. The Company business plan has been expanded to search for movie distribution channels so that the Company may produce a subscription-based service for customers to view unique independent filmmaker movies. Starflick.com’s management has been active to pursue funding and to establish working relationships with third party vendors, distributors and digital entertainment media resellers in the current year. From the actions of the president, opportunities to purchase or lease digital entertainment media have been realized. In the first quarter of 2016, a proposed agreement has been issued with a vendor, Giddy Up Productions, to license its rich media consisting of three thousand (3,000) unique films for redistribution and re-broadcasting via digital IPTV and or streaming Internet channels. The media set of 3000 movies roughly equates to 180,000 minutes of unique entertainment video. Upon accepting the agreement with Giddy Up, Giddy Up shall deliver the content to Starflick.com, at which point starflick.com will be authorized to use the content. The business plan for this agreement is to charge subscription fees to customers to access this unique rich media. Concurrently, IT infrastructure planning needs to be conducted to facilitate the streaming media so that it can handle high-capacity bandwidth upload. There shall be need to be business relationships with third party IT consultants and hardware vendors to purchase and/or lease software programming and computer hardware.

2. Going Concern

2. Going Concern	12 Months Ended
	Mar. 31, 2015
Notes
2. Going Concern	2. GOING CONCERN The Company’s financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates realization of assets and liquidation of liabilities in the normal course of business. As shown in the accompanying financial statements, the Company has incurred net loss of $ 18,724 through March 31, 2015. The Company has not generated any operating revenues to date and existence is dependent upon management’s ability to develop profitable operations. These conditions raise substantial doubt that the Company will be able to continue as a going concern. These financial statements do not include any adjustments that might result from this uncertainty. These financial statements have been prepared in accordance with U.S. generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.

3. Significant Accounting Polic

3. Significant Accounting Policies	12 Months Ended
	Mar. 31, 2015
Notes
3. Significant Accounting Policies	3. SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents As at March 31, 2015 cash and cash equivalents consist of cash[a3] equivalents. Cash equivalents are highly liquid investments with an original maturity of three months or less. Accounting Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions. Loss Per Share Loss per share is computed using the weighted average number of shares outstanding during the period. We have adopted ASC 260, "Earnings Per Share". Diluted loss per share for year ended March 31, 2014 is equivalent to basic loss per share as there was no potential dilutive equity instrument. Foreign Currency Transactions The Company's functional currency is Canadian dollars and its reporting currency is the United States dollar. The Company’s financial statements are translated from its functional currency, Canadian dollars, to the reporting currency, United States dollars, using the current rate method. Assets and liabilities are translated using the current rate in effect at the balance sheet date and revenues and expenses are translated at the average rate for the period. Adjustments resulting from the translation, if any, are included in cumulative other comprehensive income (loss) in stockholders’ equity. At March 31, 2014, the Company did not have any other comprehensive income (loss). Capital Stock – share structure The corporation’s articles pertaining to Stock has been amended as of July 16, 2015 to increase the authorized capital stock to 300,000,000 shares of common stock having par value of $ 0.00001 per share. The amendment was made and approved by the Company’s Board of Directors on July 15, 2015. The Board of Directors have 83.3% of common stock which have 83.3% voting in favor of this amendment. The corporation’s articles pertaining to Stock has been amended as of July 21, 2015 to keep the authorized capital stock to 100,000,000 shares of preferred stock having par value of $ 0.00001 per share. The Board of Directors have 83.3% of common stock which have 83.3% voting in favor in keeping the preferred stock to 100,000,000 shares. Stock-Based Compensation The Company adopted ASC 718, Compensation – Stock-Based Compensation Comprehensive Income We adopted ASC 220, Comprehensive Income

4. Due To Related Parties

4. Due To Related Parties	12 Months Ended
	Mar. 31, 2015
Notes
4. Due To Related Parties	4. DUE TO RELATED PARTIES Due to director During the year ended March 31, 2015, the Company incurred $ 15,893 of legal and accounting expense, $ 2,767 for stock transfer and filing fees, of which $ 17,206 in costs were paid by the sole director of the company. An additional $ 1,209 due to services relating to the Black Rock spinoff was paid by the sole director of the Company. An additional $ 1,250 due to MaloneBailey for accounting services was paid by the sole director of the Company. As at March 31, 2015 the balance due to director was $ 36,761 . The amount due to the director is unsecured, non-interest bearing and due on demand.

5. Comparative Figures

5. Comparative Figures	12 Months Ended
	Mar. 31, 2015
Notes
5. Comparative Figures	5. COMPARATIVE FIGURES Thirty-for-one Split During the year ended March 31, 2015, there was a thirty-for-one stock split in the Company’s stocks as shown on the balance sheets. The stock split is reflected retroactively. SAB 108: Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements In previous filings, the operations of Black Rock Petroleum Co were consolidated after the entity was spun off to our shareholders. As a result accounts such as Due to related parties and Accounts payable and accrued liabilities in the Balance Sheets were shown as combined even though they should not have been. As a result, the total liabilities' sum was larger by this nominal amount. This does not affect the Stockholder equity, nor change any forecast or outlook of the fiscal health of the company, nor influence any actions or inactions nor affect carrying out the Company's business plan. In accordance with the SEC’s Staff Accounting Bulletin Nos. 99 and 108 (SAB 99 and SAB 108), the Company evaluated this error and, based on an analysis of quantitative and qualitative factors, determined that the error was immaterial to the prior reporting period affected. However, if the adjustments to correct the cumulative effect of the above error had been recorded, the Company believes the impact would have been significant and would impact comparisons to prior periods. Therefore, as permitted by SAB 108, the Company corrected, in the current filing, previously reported results for the financial statements.

3. Significant Accounting Pol12

3. Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Mar. 31, 2015
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents As at March 31, 2015 cash and cash equivalents consist of cash[a3] equivalents. Cash equivalents are highly liquid investments with an original maturity of three months or less.

3. Significant Accounting Pol13

3. Significant Accounting Policies: Accounting Estimates (Policies)	12 Months Ended
	Mar. 31, 2015
Policies
Accounting Estimates	Accounting Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions.

3. Significant Accounting Pol14

3. Significant Accounting Policies: Loss Per Share (Policies)	12 Months Ended
	Mar. 31, 2015
Policies
Loss Per Share	Loss Per Share Loss per share is computed using the weighted average number of shares outstanding during the period. We have adopted ASC 260, "Earnings Per Share". Diluted loss per share for year ended March 31, 2014 is equivalent to basic loss per share as there was no potential dilutive equity instrument.

3. Significant Accounting Pol15

3. Significant Accounting Policies: Foreign Currency Transactions (Policies)	12 Months Ended
	Mar. 31, 2015
Policies
Foreign Currency Transactions	Foreign Currency Transactions The Company's functional currency is Canadian dollars and its reporting currency is the United States dollar. The Company’s financial statements are translated from its functional currency, Canadian dollars, to the reporting currency, United States dollars, using the current rate method. Assets and liabilities are translated using the current rate in effect at the balance sheet date and revenues and expenses are translated at the average rate for the period. Adjustments resulting from the translation, if any, are included in cumulative other comprehensive income (loss) in stockholders’ equity. At March 31, 2014, the Company did not have any other comprehensive income (loss).

3. Significant Accounting Pol16

3. Significant Accounting Policies: Capital Stock - Share Structure (Policies)	12 Months Ended
	Mar. 31, 2015
Policies
Capital Stock - Share Structure	Capital Stock – share structure The corporation’s articles pertaining to Stock has been amended as of July 16, 2015 to increase the authorized capital stock to 300,000,000 shares of common stock having par value of $ 0.00001 per share. The amendment was made and approved by the Company’s Board of Directors on July 15, 2015. The Board of Directors have 83.3% of common stock which have 83.3% voting in favor of this amendment. The corporation’s articles pertaining to Stock has been amended as of July 21, 2015 to keep the authorized capital stock to 100,000,000 shares of preferred stock having par value of $ 0.00001 per share. The Board of Directors have 83.3% of common stock which have 83.3% voting in favor in keeping the preferred stock to 100,000,000 shares.

3. Significant Accounting Pol17

3. Significant Accounting Policies: Stock-based Compensation (Policies)	12 Months Ended
	Mar. 31, 2015
Policies
Stock-based Compensation	Stock-Based Compensation The Company adopted ASC 718, Compensation – Stock-Based Compensation

3. Significant Accounting Pol18

3. Significant Accounting Policies: Comprehensive Income (Policies)	12 Months Ended
	Mar. 31, 2015
Policies
Comprehensive Income	Comprehensive Income We adopted ASC 220, Comprehensive Income

2. Going Concern (Details)

2. Going Concern (Details) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Net loss	$ 18,724	$ 15,993

3. Significant Accounting Pol20

3. Significant Accounting Policies: Capital Stock - Share Structure (Details) - $ / shares	Jul. 16, 2015	Mar. 31, 2015	Mar. 31, 2014
Details
Common Stock, Shares Authorized	300,000,000	200,000,000	200,000,000
Common Stock, Par Value	$ 0.00001	$ 0.00001	$ 0.00001
Preferred Stock, Shares Authorized	100,000,000	100,000,000	100,000,000
Preferred Stock, Par Value	$ 0.00001	$ 0.00001	$ 0.00001

4. Due To Related Parties (Deta

4. Due To Related Parties (Details) - USD ($)	12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Legal Fees	$ 15,893
Stock transfer management	2,767	$ 2,248
Due to Related Parties	36,761
Legal, accounting and transfer agent fees
Related Party Tax Expense, Due to Affiliates, Current	17,206
Black Rock Spinoff
Related Party Tax Expense, Due to Affiliates, Current	1,209
MaloneBailey
Related Party Tax Expense, Due to Affiliates, Current	$ 1,250