Homie Recipes (HOMR) 10-Q 31 Jul 17 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - $ / shares	Jul. 21, 2017	Dec. 31, 2015
Details
Registrant Name		Homie Recipes, Inc.
Registrant CIK		1,555,571
SEC Form		10-Q
Period End date		Dec. 31, 2015
Fiscal Year End		--06-30
Trading Symbol		homr
Tax Identification Number (TIN)		455,589,664
Number of common stock shares outstanding	69,819,980
Filer Category		Smaller Reporting Company
Current with reporting		Yes
Voluntary filer		No
Well-known Seasoned Issuer		No
Amendment Flag		false
Document Fiscal Year Focus		2,016
Document Fiscal Period Focus		Q2
Entity Incorporation, State Country Name		Nevada
Entity Address, Address Line One		112 North Curry Street,
Entity Address, City or Town		Carson City,
Entity Address, State or Province		Nevada
Entity Address, Postal Zip Code		89,703
City Area Code		(775)
Local Phone Number		321-8225
Entity Listing, Par Value Per Share	$ 0.001

Balance Sheets (unaudited)

Balance Sheets (unaudited) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Assets, Current
Cash and Cash Equivalents, at Carrying Value	$ 0	$ 0
Assets	0	0
Liabilities, Current
Accounts Payable and Accrued Liabilities, Current	8,456	5,225
Due to Related Parties, Current	169,507	154,684
Liabilities, Current	177,963	159,909
Stockholders' Equity Attributable to Parent
Common Stock, Value, Issued	69,820	69,820
Additional Paid in Capital	(57,080)	(57,080)
Retained Earnings (Accumulated Deficit)	(190,703)	(172,649)
Stockholders' Equity Attributable to Parent	(177,963)	(159,909)
Liabilities and Equity	$ 0	$ 0

Balance Sheets (unaudited) - Pa

Balance Sheets (unaudited) - Parenthetical - $ / shares	Dec. 31, 2015	Jun. 30, 2015
Details
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	69,819,980	69,819,980
Common Stock, Shares, Outstanding	69,819,980	69,819,980

STATEMENTS OF OPERATIONS (UNAUD

STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Operating Expenses
General and Administrative Expense	$ 11,231	$ 10,174	$ 18,054	$ 21,837
Operating Expenses	11,231	10,174	18,054	21,837
Net Income (Loss) Attributable to Parent	$ (11,231)	$ (10,174)	$ (18,054)	$ (21,837)
Earnings Per Share, Basic and Diluted	$ 0	$ 0	$ 0	$ 0
Weighted Average Number of Shares Outstanding, Basic and Diluted	69,819,980	69,819,980	69,819,980	69,819,980

STATEMENTS OF CASH FLOWS (UNAUD

STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net Cash Provided by (Used in) Operating Activities
Net Income (Loss) Attributable to Parent	$ (18,054)	$ (21,837)
Increase (Decrease) in Operating Capital
Increase (Decrease) in Accounts Payable and Accrued Liabilities	3,231	(15,029)
Net Cash Provided by (Used in) Operating Activities	(14,823)	(36,866)
Net Cash Provided by (Used in) Financing Activities
Proceeds from Related Party Debt	14,823	36,866
Net Cash Provided by (Used in) Financing Activities	14,823	36,866
Cash and Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	0	0
Cash and Cash Equivalents, at Carrying Value, Beginning Balance	0	0
Cash and Cash Equivalents, at Carrying Value, Ending Balance	0	0
Supplemental Cash Flow Information
Interest Paid	0	0
Income Taxes Paid	$ 0	$ 0

NOTE 1 - NATURE OF OPERATIONS A

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION	6 Months Ended
	Dec. 31, 2015
Notes
NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION The Company was incorporated in the State of Nevada on June 22, 2012 and established a fiscal yearend of June 30. It is a start-up company that intends to stream videos and written recipes through a yet to be developed website. Our goal is to stream free recipes for ‘special’ homemade food. The Company intends to have recipes with a special personal meaning on our website. The Company has not yet commenced any significant operations.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2015
Notes
Note 2 - Summary of Significant Accounting Policies	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended June 30, 2015. Use of Estimates and Assumptions Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents For the purposes of the statements of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents. Income Taxes The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment. Net Loss per Common Share Basic net loss per common share includes no dilution and is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive net loss per share reflects the potential dilution of securities that could share in the losses of the Company. In periods when losses are reported, the diluted weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. There were no potentially dilutive securities as of December 31, 2015 and 2014. Subsequent Events The Company evaluated subsequent events through the date when financial statements were issued for disclosure consideration. Recent Accounting Pronouncements In August 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern

Note 3 - Going Concern

Note 3 - Going Concern	6 Months Ended
	Dec. 31, 2015
Notes
Note 3 - Going Concern	NOTE 3 – GOING CONCERN The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company does not have material assets, nor does it have operations or a source of revenue sufficient to cover its operating costs and allow it to continue as a going concern. The Company also has suffered recurring losses from operations and has a working capital deficiency. The Company has an accumulated deficit of $190,703. The Company will be dependent upon raising additional capital through placement of our common stock in order to implement its business plan, additional borrowings from related parties, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its current operations from advances from related parties. There is no assurance that these related parties will continue to fund the Company’s operating requirements. Currently, the Company has no arrangements for other sources of funds. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Accordingly, these factors raise substantial doubt as to the Company’s ability to continue as a going concern. The Company is currently seeking additional funding though equity offerings or debt financing to support the Company’s business.

Note 4 - Related Party Transact

Note 4 - Related Party Transactions	6 Months Ended
	Dec. 31, 2015
Notes
Note 4 - Related Party Transactions	NOTE 4 - RELATED PARTY TRANSACTIONS The Company has advances from related parties of $169,507 and $154,684 at December 31, 2015 and June 30, 2015, respectively, which represent shareholder advances accruing no interest and are due upon demand.

NOTE 5 - CAPITAL STOCK

NOTE 5 - CAPITAL STOCK	6 Months Ended
	Dec. 31, 2015
Notes
NOTE 5 - CAPITAL STOCK	NOTE 5 – CAPITAL STOCK The Company is authorized to issue 200,000,000 common shares. The Company has a total of 69,819,980 shares issued and outstanding at December 31, 2015 and June 30, 2015.

Note 6 - Income Taxes

Note 6 - Income Taxes	6 Months Ended
	Dec. 31, 2015
Notes
Note 6 - Income Taxes	NOTE 6 – INCOME TAXES As of December 31, 2015 and June 30, 2015, the Company has a net deferred tax asset comprised primarily of net operating loss carry forwards of $66,746 and $60,427, respectively. The Company provided a full valuation allowance on the net deferred tax asset because management has determined that it is more likely than not that the Company will not earn income sufficient to realize the deferred tax assets during the carryforward period. The net federal operating loss carryforward will expire between 2032 and 2035.

Note 2 - Summary of Significa12

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation (Policies)	6 Months Ended
	Dec. 31, 2015
Policies
Basis of Presentation	Basis of Presentation These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended June 30, 2015.

Note 2 - Summary of Significa13

Note 2 - Summary of Significant Accounting Policies: Use of Estimates and Assumptions (Policies)	6 Months Ended
	Dec. 31, 2015
Policies
Use of Estimates and Assumptions	Use of Estimates and Assumptions Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Note 2 - Summary of Significa14

Note 2 - Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	6 Months Ended
	Dec. 31, 2015
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents For the purposes of the statements of cash flows, the Company considers highly liquid financial instruments purchased with a maturity of three months or less to be cash equivalents.

Note 2 - Summary of Significa15

Note 2 - Summary of Significant Accounting Policies: Income Taxes (Policies)	6 Months Ended
	Dec. 31, 2015
Policies
Income Taxes	Income Taxes The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

Note 2 - Summary of Significa16

Note 2 - Summary of Significant Accounting Policies: Net Loss per Common Share (Policies)	6 Months Ended
	Dec. 31, 2015
Policies
Net Loss per Common Share	Net Loss per Common Share Basic net loss per common share includes no dilution and is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive net loss per share reflects the potential dilution of securities that could share in the losses of the Company. In periods when losses are reported, the diluted weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. There were no potentially dilutive securities as of December 31, 2015 and 2014.

Note 2 - Summary of Significa17

Note 2 - Summary of Significant Accounting Policies: Subsequent Events (Policies)	6 Months Ended
	Dec. 31, 2015
Policies
Subsequent Events	Subsequent Events The Company evaluated subsequent events through the date when financial statements were issued for disclosure consideration.

Note 2 - Summary of Significa18

Note 2 - Summary of Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	6 Months Ended
	Dec. 31, 2015
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2014, the Financial Accounting Standards Board issued Accounting Standards Update 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern

NOTE 1 - NATURE OF OPERATIONS19

NOTE 1 - NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details)	6 Months Ended
	Dec. 31, 2015
Details
Entity Incorporation, State Country Name	Nevada
Entity Incorporation, Date of Incorporation	Jun. 22, 2012

Note 3 - Going Concern (Details

Note 3 - Going Concern (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Details
Retained Earnings (Accumulated Deficit)	$ (190,703)	$ (172,649)

Note 4 - Related Party Transa21

Note 4 - Related Party Transactions (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Details
Due to Related Parties, Current	$ 169,507	$ 154,684

NOTE 5 - CAPITAL STOCK (Details

NOTE 5 - CAPITAL STOCK (Details) - shares	Dec. 31, 2015	Jun. 30, 2015
Details
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	69,819,980	69,819,980
Common Stock, Shares, Outstanding	69,819,980	69,819,980

Note 6 - Income Taxes (Details)

Note 6 - Income Taxes (Details) - USD ($)	Dec. 31, 2015	Jun. 30, 2015
Details
Deferred Tax Assets, Net of Valuation Allowance	$ 66,746	$ 60,427