Lotus Bio-Technology Development (LBTD) 10-Q 16 Feb 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	9 Months Ended
	Dec. 31, 2015shares
Document and Entity Information:
Entity Registrant Name	Starflick.com Inc.
Document Type	10-Q
Document Period End Date	Dec. 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	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	stfk

STARFLICK.COM INCORPORATED - Ba

STARFLICK.COM INCORPORATED - Balance Sheets - USD ($)		Dec. 31, 2015	Mar. 31, 2015
Current Assets:
Cash and cash equivalents		$ 1	$ 1,505
Total Current Assets		1	1,505
Property and equipment, net		6,550
TOTAL ASSETS		6,551	1,505
Current liabilities:
Accounts payable and accrued liabilities		14,768	8,738
Due to related parties		49,686	37,970
Total Current Liabilities		64,454	46,708
TOTAL LIABILITIES		$ 64,454	$ 46,708
Stockholders' Deficit
Preferred stock	[1]
Common stock	[2]	$ 1,813	$ 1,813
Additional paid-in capital		101,278	101,278
Accumulated deficit		(160,994)	(148,294)
TOTAL STOCKHOLDERS' DEFICIT		(57,903)	(45,203)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT		$ 6,551	$ 1,505
[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	Dec. 31, 2015	Mar. 31, 2015
Statement of Financial Position
Common Stock, Par Value	$ 0.00001	$ 0.00001
Common Stock, Shares Authorized	300,000,000	300,000,000
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 ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Expenses
Accounting and legal	$ 4,348	$ 3,725	$ 9,775	$ 11,787
Filing and registration				917
Stock transfer management	2,180	625	2,925	1,850
Total operating expenses	(6,528)	(4,350)	(12,700)	(14,554)
Net loss	$ (6,528)	$ (4,350)	$ (12,700)	$ (14,554)
Basic and diluted loss per share	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding, basic and diluted	181,275,000	181,275,000	181,275,000	181,275,000

STARFLICK.COM INCORPORATED - S5

STARFLICK.COM INCORPORATED - Statements of Cash Flows - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net loss	$ (6,528)	$ (4,350)	$ (12,700)	$ (14,554)
Changes in non-cash working capital:
Accounts payable and accrued liabilities, increase decrease			3,030	3,237
Net cash used in operating activities			(6,670)	(11,317)
Cash Flows from investing activities:
Purchase of equipments			(6,550)
Net cash used in investing activities			(6,550)
Cash flows from financing activities:
Due to related parties			11,716	11,381
Net cash provided by financing activities			11,716	11,381
Net Increase (Decrease) in cash and cash equivalents			(1,504)	64
Cash and cash equivalents, beginning of period			1,505	5
Cash and cash equivalents, end of period	$ 1	$ 69	$ 1	$ 69
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	9 Months Ended
	Dec. 31, 2015
Notes
1. Description of Business and Basis of Presentation	1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Starflick.Com (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. The accompanying unaudited interim financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all of the information required to be included in a complete set of financial statements in accordance with accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. Operating results for the three and nine months ended December 31, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending March 31, 2016. The accompanying unaudited financial statements should be read in conjunction with the financial statements and related notes included in the Company's March 31, 2015 Form 10-K. Property and Equipment Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repairs and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of the Company’s property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are 3 to 5 years. Impairment of Long-Lived Assets The Company reviews its long-lived assets, including property and equipment, identifiable intangibles, and goodwill annually or whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of its long-lived assets, the Company evaluates the probability that future undiscounted net cash flows will be less than the carrying amount of the assets.

2. Going Concern

2. Going Concern	9 Months Ended
	Dec. 31, 2015
Notes
2. Going Concern	2. GOING CONCERN The Company’s interim 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 $12,700 for the nine months ended December 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. With the existing project, we have a business plan to obtain subscription fees from customers, which is part of our plan to become cash flow positive. Additionally, the management will supplement the Company with proceeds as needed to keep its filings and necessary fees in good standing. 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. Stockholders' Equity

3. Stockholders' Equity	9 Months Ended
	Dec. 31, 2015
Notes
3. Stockholders' Equity	3. STOCKHOLDERS’ EQUITY 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 increase in authorized shares of common stock has been retroactively reflected in our financial statements. In addition, during the year ended March 31, 2015, there was a thirty-for-one split in the Company's stocks as shown on the balance sheets. The stock split is reflected retroactively.

4. Due To Related Parties

4. Due To Related Parties	9 Months Ended
	Dec. 31, 2015
Notes
4. Due To Related Parties	4. DUE TO RELATED PARTIES As at September 30, 2015 the balance due to director was $49,686 .The amount due to the director is unsecured, non-interest bearing and due on demand.

5. Correction of Prior Year

5. Correction of Prior Year	9 Months Ended
	Dec. 31, 2015
Notes
5. Correction of Prior Year	5. CORRECTION OF PRIOR YEAR In previous filings, the operations of Black Rock Petroleum Co were consolidated after the entity was spun off to our shareholders. As a result Operating Expenses in the Statements of Operations were shown as combined even though they should not have been in the previously filed Form 10-Q for the three and nine months ended December 31, 2014. As a result, the net loss 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 three and nine months ended December 31, 2014. The impact of the correction was a reduction in net loss of $8,610 and $29,752 for the three and nine months ended December 31, 2014, respectively, when compared to the previously reported amounts.

6. Subsequent Events

6. Subsequent Events	9 Months Ended
	Dec. 31, 2015
Notes
6. Subsequent Events	6. SUBSEQUENT EVENTS On January 13, 2016 we executed an asset purchase agreement with Yvoty Infomatics, dated August 1, 2015. The purchase price for the technology and software provided for in the agreement was 33,000,000 of the Company’s common shares. As of the date of this filing the common stock has not been issued since the transaction has not closed.

1. Description of Business an12

1. Description of Business and Basis of Presentation: Property and Equipment (Policies)	9 Months Ended
	Dec. 31, 2015
Policies
Property and Equipment	Property and Equipment Property and equipment are carried at the cost of acquisition or construction and depreciated over the estimated useful lives of the assets. Costs associated with repairs and maintenance are expensed as incurred. Costs associated with improvements which extend the life, increase the capacity or improve the efficiency of the Company’s property and equipment are capitalized and depreciated over the remaining life of the related asset. Gains and losses on dispositions of equipment are reflected in operations. Depreciation is provided using the straight-line method over the estimated useful lives of the assets, which are 3 to 5 years.

1. Description of Business an13

1. Description of Business and Basis of Presentation: Impairment of Long-lived Assets (Policies)	9 Months Ended
	Dec. 31, 2015
Policies
Impairment of Long-lived Assets	Impairment of Long-Lived Assets The Company reviews its long-lived assets, including property and equipment, identifiable intangibles, and goodwill annually or whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable. To determine recoverability of its long-lived assets, the Company evaluates the probability that future undiscounted net cash flows will be less than the carrying amount of the assets.

2. Going Concern (Details)

2. Going Concern (Details) - USD ($)	3 Months Ended		9 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Details
Net loss	$ 6,528	$ 4,350	$ 12,700	$ 14,554

3. Stockholders' Equity (Detail

3. Stockholders' Equity (Details) - $ / shares	Dec. 31, 2015	Jul. 16, 2015	Mar. 31, 2015
Details
Common Stock, Shares Authorized	300,000,000	300,000,000	300,000,000
Common Stock, Par Value	$ 0.00001	$ 0.00001	$ 0.00001

4. Due To Related Parties (Deta

4. Due To Related Parties (Details)	Sep. 30, 2015USD ($)
Details
Due to Officers or Stockholders, Current	$ 49,686