Lvyuan Green Building Material Technology (LVYN) 10-Q 17 Mar 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2016	Mar. 16, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	Lvyuan Green Building Material Technology Corp.
Entity Central Index Key	1,580,836
Amendment Flag	false
Current Fiscal Year End Date	--04-30
Document Type	10-Q
Document Period End Date	Jan. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		6,910,000

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jan. 31, 2016	Apr. 30, 2015
Current Assets
Cash and cash equivalents	$ 0	$ 469
Total Current Assets	0	469
Total Assets	0	469
Current Liabilities
Loan from directors	35,753	3,394
Total Liabilities	35,753	3,394
Stockholders' Equity
300,000,000 and 75,000,000 shares of common stock, par value $0.001 per share, authorized and 6,910,000 shares issued and outstanding as of January 31, 2016 and April 30, 2015, respectively; 30,000,000 and 0 shares of preferred stock, par value $0.001 per share, authorized, none outstanding as of January 31, 2016 and April 30, 2015, respectively.	6,910	6,910
Additional paid in capital	17,290	17,290
Deficit accumulated during the development stage	(59,953)	(27,125)
Total Stockholders' Equity (Deficit)	(35,753)	(2,925)
Total Liabilities and Stockholders' Equity	$ 0	$ 469

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2016	Apr. 30, 2015
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	75,000,000
Common stock, shares issued	6,910,000	6,910,000
Common stock, shares outstanding	6,910,000	6,910,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	30,000,000	0
Preferred stock, shares outstanding

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015
Income Statement [Abstract]
REVENUES
OPERATING EXPENSES
Business License and Permits				$ 509
Bank Service Charges		$ 42	$ 141	218
Professional Fees	$ 14,528	$ 1,819	$ 32,687	9,651
Computer and Internet Expense				3
TOTAL OPERATING EXPENSES	$ 14,528	$ 1,861	$ 32,828	10,381
NET LOSS FROM OPERATIONS	$ (14,528)	$ (1,861)	$ (32,828)	$ (10,381)
PROVISION FOR INCOME TAXES
NET LOSS	$ (14,528)	$ (1,861)	$ (32,828)	$ (10,381)
NET LOSS PER SHARE: BASIC AND DILUTED	$ 0	$ 0	$ 0	$ 0
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	6,910,000	6,910,000	6,910,000	6,003,545

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (32,828)	$ (10,381)
CASH FLOWS USED IN OPERATING ACTIVITIES	(32,828)	(10,381)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from sale of common stock	0	$ 5,000
Loans from director	32,359
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	32,359	$ 5,000
NET INCREASE (DECREASE) IN CASH	(469)	(3,029)
Cash, beginning of period	469	3,344
Cash, end of period	$ 0	$ 314
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid
Income taxes paid

Organization and Principal Acti

Organization and Principal Activities	9 Months Ended
	Jan. 31, 2016
Organization and Principal Activities [Abstract]
ORGANIZATION AND PRINCIPAL ACTIVITIES	1. ORGANIZATION AND PRINCIPAL ACTIVITIES Lvyuan Green Building Material Technology Corp. (the “Company”) was incorporated in the State of Nevada on January 10, 2013 as Green Supplements Online Inc. We changed our name to Lvyuan Green Building Material Technology Corp. on September 24, 2015. Our principal executive offices are located at Room 01, 25/F, Kerry Center, No. 2008 Renmin South Road, Luohu District, Shenzhen City, Guangdong, People’s Republic of China. Our phone number is +86-755-2218-4466. Our business model was to buy nutrition and dietary products from different manufacturers and resell those products under our privatelabel. Our source of revenue from operations was to be reselling nutrition and dietary supply products. The line of nutrition and dietary products that we intended to market was to be standard non-proprietary supplements and other products that contained our label. Currently, we have not yet initiated any product development efforts nor generated any revenue to date. On July 16, 2015, the Company’s then-controlling shareholder, Vyacheslav Sements (“VS”), and the other shareholders of the Company (collectively, the “Original Stockholders”) entered into a stock purchase agreement (the “Agreement”) to sell 97.5% of the Company’s common stock (the “Common Stock”) for $225,000 in cash (the “Consideration”) to a number of individuals (the “Current Stockholders”). The Consideration was paid to the Original Stockholders and the Common Stock was transferred to the Current Stockholders on August 3, 2015, which resulted in a change in control of the Company. Following the change of control, the Company is now seeking to acquire, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, exchangeable share transaction or other similar business transaction with one or more operating businesses or assets that we have not yet identified. On August 3, 2015, in accordance with the terms of the Agreement, VS, the Company’s sole officer and director at that time, resigned from his positions with the Company. At present, we have no employees other than our officers and directors, listed below. Name Age Position Wenbo Yu 59 Chairman of the Board of Directors Peter H. Tong 61 Interim Chief Executive Officer, Chief Financial Officer and Director Carmen XiaoYan Yu 24 Chief Operating Officer and Director Jian Fe Sun 51 Managing Director Enlong Pan 58 Director Long Pan 27 Director Xiaoying Yu 31 Director

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2016
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) Development Stage Company The accompanying financial statements have been prepared in accordance with generally accepted accounting principles of the United States of America (“U.S. GAAP”) related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or, if its operations have commenced, there has been no significant revenues therefrom. (b) Basis of Presentation The accompanying unaudited condensed financial statements have been prepared from the books and records of the Company in accordance with U.S. GAAP and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. The condensed statements of operations for the three and nine months ended January 31, 2016 are not necessarily indicative of the results to be expected for the full year or any future interim period. These unaudited condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended April 30, 2015. In the opinion of management, all adjustments considered necessary for a fair presentation of the results for the interim periods presented have been reflected in such condensed financial statements. The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to U.S. GAAP and have been consistently applied in the presentation of financial statements. The accompanying financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the SEC. (c) Net loss per common share The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding for the period. At January 31, 2016 and 2015, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per common share for the period. (d) Use of estimates The preparation of the financial statements in conformity with U.S. GAAP 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 periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. (e) Recently issued or adopted standards The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

Income Taxes

Income Taxes	9 Months Ended
	Jan. 31, 2016
Income Taxes [Abstract]
INCOME TAXES	3. INCOME TAXES As of January 31, 2016, the Company had net operating loss carry forwards of approximately $59,953that may be available to reduce future years’ taxable income in varying amounts through 2033. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards. Due to the change in ownership provisions of the Tax Reform Act of 1986, net operating loss carry forwards of approximately $59,953 for Federal income tax reporting purposes are subject to annual limitations. Should a change in ownership occur net operating loss carry forwards may be limited as to use in future years.

Going Concern and Capital Resou

Going Concern and Capital Resources	9 Months Ended
	Jan. 31, 2016
Going Concern and Capital Resources [Abstract]
GOING CONCERN AND CAPITAL RESOURCES	4. GOING CONCERN AND CAPITAL RESOURCES The Company does not currently engage in any business activities that provide cash flow. During the next 12 months we anticipate incurring costs related to: ● filing of Exchange Act reports, ● transfer agent services, ● payment of annual corporate fees, and ● investigating, analyzing and consummating an acquisition. As of January 31, 2016, the Company had an accumulated deficit of $59,953 .

Loans From Officers and Directo

Loans From Officers and Directors	9 Months Ended
	Jan. 31, 2016
Loans From Officers and Directors [Abstract]
LOANS FROM OFFICERS AND DIRECTORS	5. Loans from Officers and Directors As of January 31, 2016, the Company had received loans from its officers and directors aggregating $35,753. The loans are non-interest bearing and contain no specific repayment terms.

Summary of Significant Accoun11

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2016
Summary of Significant Accounting Policies [Abstract]
Development Stage Company	(a) Development Stage Company The accompanying financial statements have been prepared in accordance with generally accepted accounting principles of the United States of America (“U.S. GAAP”) related to development stage companies. A development-stage company is one in which planned principal operations have not commenced or, if its operations have commenced, there has been no significant revenues therefrom.
Basis of Presentation	(b) Basis of Presentation The accompanying unaudited condensed financial statements have been prepared from the books and records of the Company in accordance with U.S. GAAP and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the information and footnotes required by U.S. GAAP. The condensed statements of operations for the three and nine months ended January 31, 2016 are not necessarily indicative of the results to be expected for the full year or any future interim period. These unaudited condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended April 30, 2015. In the opinion of management, all adjustments considered necessary for a fair presentation of the results for the interim periods presented have been reflected in such condensed financial statements. The Company maintains its general ledger and journals with the accrual method of accounting for financial reporting purposes. The financial statements and notes are representations of management. Accounting policies adopted by the Company conform to U.S. GAAP and have been consistently applied in the presentation of financial statements. The accompanying financial statements are presented in U.S. dollars in conformity with accounting principles generally accepted in the United States of America and pursuant to the rules and regulations of the SEC.
Net loss per common share	(c) Net loss per common share The Company complies with accounting and disclosure requirements of FASB ASC 260, “Earnings Per Share.” Net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted average number of common shares outstanding for the period. At January 31, 2016 and 2015, the Company did not have any dilutive securities and other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. As a result, diluted loss per common share is the same as basic loss per common share for the period.
Use of estimates	(d) Use of estimates The preparation of the financial statements in conformity with U.S. GAAP 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 periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates.
Recently issued or adopted standards	(e) Recently issued or adopted standards The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow.

Organization and Principal Ac12

Organization and Principal Activities (Tables)	9 Months Ended
	Jan. 31, 2016
Organization and Principal Activities [Abstract]
Schedule of no employees other than officers and directors	Name Age Position Wenbo Yu 59 Chairman of the Board of Directors Peter H. Tong 61 Interim Chief Executive Officer, Chief Financial Officer and Director Carmen XiaoYan Yu 24 Chief Operating Officer and Director Jian Fe Sun 51 Managing Director Enlong Pan 58 Director Long Pan 27 Director Xiaoying Yu 31 Director

Organization and Principal Ac13

Organization and Principal Activities (Details)	9 Months Ended
	Jan. 31, 2016Age
Wenbo Yu [Member]
Schedule of No Employees Other Than Officers and Directors [Abstract]
Age	59
Position	Chairman of the Board of Directors
Peter H. Tong [Member]
Schedule of No Employees Other Than Officers and Directors [Abstract]
Age	61
Position	Interim Chief Executive Officer, Chief Financial Officer and Director
Carmen XiaoYan Yu [Member]
Schedule of No Employees Other Than Officers and Directors [Abstract]
Age	24
Position	Chief Operating Officer and Director
Jian Fe Sun [Member]
Schedule of No Employees Other Than Officers and Directors [Abstract]
Age	51
Position	Managing Director
Enlong Pan [Member]
Schedule of No Employees Other Than Officers and Directors [Abstract]
Age	58
Position	Director
Long Pan [Member]
Schedule of No Employees Other Than Officers and Directors [Abstract]
Age	27
Position	Director
Xiaoying Yu [Member]
Schedule of No Employees Other Than Officers and Directors [Abstract]
Age	31
Position	Director

Organization and Principal Ac14

Organization and Principal Activities (Details Textual) - Stock Purchase Agreement [Member]	1 Months Ended
	Jul. 16, 2015USD ($)
Organization and Principal Activities (Textual)
Percentage of sale of common stock	97.50%
Common stock issued in cash	$ 225,000

Income Taxes (Details)

Income Taxes (Details)	9 Months Ended
	Jan. 31, 2016USD ($)
Income Taxes (Textual)
Net operating loss carry forwards	$ 59,953
Net operating loss carry forwards, expiration date	Oct. 31, 2033

Going Concern and Capital Res16

Going Concern and Capital Resources (Details) - USD ($)	9 Months Ended
	Jan. 31, 2016	Apr. 30, 2015
Going Concern and Capital Resources (Textual)
Accumulated deficit	$ (59,953)	$ (27,125)
Accounting fees and legal fees	60,000
Maximum [Member]
Going Concern and Capital Resources (Textual)
Reverse remerger cost	150,000
Minimum [Member]
Going Concern and Capital Resources (Textual)
Reverse remerger cost	$ 125,000

Loans From Officers and Direc17

Loans From Officers and Directors (Details) - USD ($)	Jan. 31, 2016	Apr. 30, 2015
Loans From Officers and Directors (Textual)
Loan from officers and directors	$ 35,753	$ 3,394