Right On Brands (RTON) 10-Q 12 Aug 14 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Jun. 30, 2014	Aug. 12, 2014
Document And Entity Information	'	'
Entity Registrant Name	'HealthTalk Live, Inc.	'
Entity Central Index Key	'0001580262	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--03-31	'
Entity a Well-known Seasoned Issuer	'No	'
Entity a Voluntary Filer	'No	'
Entity's Reporting Status Current	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	32,217,585
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2015	'

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Jun. 30, 2014	Mar. 31, 2014
Current assets -	'	'
Cash	$15,180	$1,112
Non-current assets:	'	'
Net property and equipment	86,198	89,198
Total assets	101,378	90,310
Current liabilities:	'	'
Accounts payable	20,564	10,159
Long-term liability -	'	'
Due to officers	80,000	65,000
Stockholders' equity:	'	'
Common stock; par value $.001, 100,000,000 shares authorized; 32,217,585 and 31,719,000 issued and outstanding, respectively	32,218	32,218
Additional paid-in capital	219,540	219,540
Accumulated deficit	-250,944	-236,607
Total stockholders' equity	814	15,151
Total liabilities and stockholders' equity	$101,378	$90,310

BALANCE_SHEETS_Parenthetical

BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Balance Sheets Parenthetical	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	32,217,585	31,719,000
Common stock, shares outstanding	32,217,585	31,719,000

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Statements Of Operations	'	'
Revenues	$653	$1,488
Operating expenses:	'	'
Legal and professional	9,500	38,608
Advertising and promotion	'	3,905
Depreciation and amortization	3,000	3,000
Website hosting and maintenance	1,002	'
Office and other expenses	1,100	1,100
Computer	'	233
Bank and credit card charges	388	380
Telephone	'	'
Total operating expenses	14,990	47,226
Net loss	-14,337	-45,738
Beginning Accumlicated Deficit	'	'
Ending Accumlicated Deficit	'	'
Loss per Share:	'	'
Basic and diluted loss per share	'	'
Basic and diluted weighted average shares outstanding	31,823,629	31,154,253

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows provided by operating activities:	'	'
Net loss	($14,337)	($45,738)
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:	'	'
Depreciation and amortization	3,000	3,000
Issuance of common stock for services	'	25,858
Increase (decrease) in liabilities:	'	'
Accounts payable	10,405	-10,082
Net cash (used in) operating activities	-932	-26,962
Cash flows (used for) investing activities -	'	'
Purchases of property and equipment	'	-7,406
Net cash (used in) Investing activities	'	-7,406
Cash flows provided by financing activities:	'	'
Proceeds on due from officers	15,000	0
Payments on due to officers	'	0
Issuance of common stock	'	0
Net cash provided by financing activities	15,000	0
Increase (decrease) in cash	14,068	-34,368
Cash-beginning of period	1,112	50,783
Cash-end of period	15,180	16,415
Cash paid for interest:	'	'

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	This summary of significant accounting policies is presented to assist the reader in understanding and evaluating the financial statements. 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.
	Cash and Cash Equivalents
	The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.
	Property and Equipment
	Property and equipment are stated at cost. Depreciation is provided by the straight-line method over the useful lives of the related assets, from three to five years.
	The cost of building the Company’s website has been capitalized and amortized over a period of three years. Expenditures for minor enhancements and maintenance are expensed as incurred.
	Income Taxes
	The Company is subject to income taxes in the U.S. Significant judgment is required in evaluating our uncertain tax positions and determining our provision for income taxes. In accordance with FASB ASC Topic 740, “Income Taxes,” the Company provides for the recognition of deferred tax assets if realization of such assets is more likely than not. The Company accounts for income tax under the provisions of FASB ASC Topic 740, “Income Taxes”, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of the events that have been included in the financial statements or tax returns. Deferred income taxes are recognized for all significant temporary differences between tax and financial statements bases of assets and liabilities. Valuation allowances are established against net deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized.
	Fair Value of Financial Instruments
	The Company applies the provisions of accounting guidance, FASB Topic ASC 825 that requires all entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of June 30, 2014 and 2013 the fair value of cash and accounts payable, approximated carrying value due to the short maturity of the instruments, quoted market prices or interest rates which fluctuate with market rates.

Going_Concern

Going Concern	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
2. GOING CONCERN	'
	The accompanying financial statements have been prepared assuming the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. For the three months ended June 30, 2014 the Company had an accumulated deficit of approximately $251,000, had net losses of approximately $14,000, and net cash used in operating activities of approximately $1,000, with little revenue earned since inception, and a lack of operational history. These matters, among others, raise substantial doubt about the Company’s ability to continue as a going concern.
	While the Company is attempting to commence operations and generate revenues, the Company’s cash position may not be significant enough to support the Company’s daily operations. Management intends to raise additional funds by way of additional public and/or private offerings of its stock. Management believes that the actions presently being taken to further implement its business plan and generate revenues provide the opportunity for the Company to continue as a going concern. While the Company believes in the viability of its strategy to generate revenues and in its ability to raise additional funds, there can be no assurances to that effect. The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and generate revenues.
	The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Property_And_Equipment

Property And Equipment	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
3. PROPERTY AND EQUIPMENT	'
		Quarter ended			Year ended
		30-Jun-14			31-Mar-14
	Website development	$	88,965		$	88,965
	Studio and office equipment		20,909			20,909
			109,874			109,874
	Less: accumulated depreciation and amortization		(23,676	)		(20,176	)
	Ending Balance	$	86,198		$	89,198

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
4. RELATED PARTY TRANSACTIONS	'
	Loan from officers-stockholders
	During the Quarter ended June 30, 2014, John and Vicki Yawn loaned the Company a total of $15,000, resulting in a net balance due them of $80,000.
	The loan was for the purpose of the Company’s operations and is unsecured without interest. It is expected that when the Company can generate sufficient cash flows from operations, the loan will be requested to be paid.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Jun. 30, 2014
Notes to Financial Statements	'
5. EARNINGS PER SHARE	'
	FASB ASC Topic 260, Earnings Per Share, requires a reconciliation of the numerator and denominator of the basic and diluted earnings (loss) per share (EPS) computations.
	Basic earnings (loss) per share are computed by dividing income available to common shareholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share is computed similar to basic earnings per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.
	The Company had no potential additional dilutive securities outstanding for the three month periods ended June 30, 2014 and for fiscal year ended March 31, 2014.
	The following table sets forth the computation of basic and diluted net income per share:
		June 30,			March 31,
		2014			2014
	Net loss attributable to the common stockholders	$	(14,337	)	$	(39,234	)
	Basic weighted average outstanding shares of common stock		32,217,585			31,823,629
	Dilutive effect of common stock equivalent		-			-
	Diluted weighted average common stock and common stock equivalents		32,217,585			31,823,629
	Earnings (loss) per share:
	Basic and diluted	$	(0.00	)	$	(0.00	)

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policies)	3 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies Policies	'
Cash and Cash Equivalents	'
	The Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents.
Property and Equipment	'
	Property and equipment are stated at cost. Depreciation is provided by the straight-line method over the useful lives of the related assets, from three to five years.
	The cost of building the Company’s website has been capitalized and amortized over a period of three years. Expenditures for minor enhancements and maintenance are expensed as incurred.
Income Taxes	'
	The Company is subject to income taxes in the U.S. Significant judgment is required in evaluating our uncertain tax positions and determining our provision for income taxes. In accordance with FASB ASC Topic 740, “Income Taxes,” the Company provides for the recognition of deferred tax assets if realization of such assets is more likely than not. The Company accounts for income tax under the provisions of FASB ASC Topic 740, “Income Taxes”, which requires recognition of deferred tax assets and liabilities for the expected future tax consequences of the events that have been included in the financial statements or tax returns. Deferred income taxes are recognized for all significant temporary differences between tax and financial statements bases of assets and liabilities. Valuation allowances are established against net deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized.
Fair Value of Financial Instruments	'
	The Company applies the provisions of accounting guidance, FASB Topic ASC 825 that requires all entities to disclose the fair value of financial instruments, both assets and liabilities recognized and not recognized on the balance sheet, for which it is practicable to estimate fair value, and defines fair value of a financial instrument as the amount at which the instrument could be exchanged in a current transaction between willing parties. As of June 30, 2014 and 2013 the fair value of cash and accounts payable, approximated carrying value due to the short maturity of the instruments, quoted market prices or interest rates which fluctuate with market rates.

Property_And_Equipment_Tables

Property And Equipment (Tables)	3 Months Ended
	Jun. 30, 2014
Property And Equipment Tables	'
Property And Equipment	'
		Quarter ended			Year ended
		30-Jun-14			31-Mar-14
	Website development	$	88,965		$	88,965
	Studio and office equipment		20,909			20,909
			109,874			109,874
	Less: accumulated depreciation and amortization		(23,676	)		(20,176	)
	Ending Balance	$	86,198		$	89,198

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Jun. 30, 2014
Earnings Per Share Tables	'
Summary of computation of basic and diluted net income per share	'
	The following table sets forth the computation of basic and diluted net income per share:
		June 30,			March 31,
		2014			2014
	Net loss attributable to the common stockholders	$	(14,337	)	$	(39,234	)
	Basic weighted average outstanding shares of common stock		32,217,585			31,823,629
	Dilutive effect of common stock equivalent		-			-
	Diluted weighted average common stock and common stock equivalents		32,217,585			31,823,629
	Earnings (loss) per share:
	Basic and diluted	$	(0.00	)	$	(0.00	)

Summary_Of_Significant_Account2

Summary Of Significant Accounting Policies (Details Narrative)	3 Months Ended
	Jun. 30, 2014
Summary Of Significant Accounting Policies Details Narrative	'
Property and equipment useful life	'Three to Five years
Website capitalized and amortized period	'3 years

Going_Concern_Details_Narrativ

Going Concern (Details Narrative) (USD $)	3 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Going Concern Details Narrative	'	'
Accumulated deficit	($250,944)	($236,607)
Net Losses	14,000	'
Net cash used in operating activities	$1,000	'

Property_And_Equipment_Details

Property And Equipment (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Property, Plant and Equipment, Gross	$109,874	$109,874
Less: accumulated depreciation and amortization	-23,676	-20,676
Ending Balance	86,198	89,198
Website development [Member]	'	'
Property, Plant and Equipment, Gross	88,965	88,965
Studio and office equipment [Member]	'	'
Property, Plant and Equipment, Gross	$20,909	$20,909

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	Jun. 30, 2014	Mar. 31, 2014
Loan balance	$80,000	$65,000
John and Vicki Yawn [Member]	'	'
Total Loan	$15,000	'

Earnings_Per_Share_Details

Earnings Per Share (Details) (USD $)	3 Months Ended	12 Months Ended
	Jun. 30, 2014	Mar. 31, 2014
Earnings Per Share Details	'	'
Net loss attributable to the common stockholders	($14,337)	($39,234)
Basic weighted average outstanding shares of common stock	32,217,585	31,823,629
Dilutive effect of common stock equivalent	'	'
Diluted weighted average common stock and common stock equivalents	32,217,585	31,823,629
Earnings (loss) per share:	'	'
Basic and diluted	$0	$0