Lvyuan Green Building Material Technology (LVYN) 10-Q 16 Mar 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2017	Mar. 16, 2017
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, 2017
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		6,910,000

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Jan. 31, 2017	Apr. 30, 2016
Current Assets
Cash	$ 0	$ 0
Prepaid Legal	0	0
Total Current Assets	0	0
Total Assets	0	0
Current Liabilities
Loan from director	73,514	39,254
Total Current Liabilities	73,514	39,254
Total Liabilities	73,514	39,254
Commitments and Contingencies		0
Shareholders' Deficit:
Preferred stock, $.001 par value, 30,000,000 and 0 shares authorized, no shares issued and outstanding at April 30, 2016 and April 30, 2015, respectively.	0	0
Common stock, $.001 par value, 300,000,000 shares authorized, 6,910,000 issued and outstanding at January 31, 2016; and 6,910,000 issued and outstanding at April 30, 2016.	6,910	6,910
Additional paid in capital	17,290	17,290
Accumulated Deficit	(97,714)	(63,454)
Total Stockholders' Deficit	(73,514)	(39,254)
Total Liabilities and Stockholders' Deficit	$ 0	$ 0

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jan. 31, 2017	Apr. 30, 2016
Statement of Financial Position [Abstract]
Preferred stock, shares authorized	30,000,000	30,000,000
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	300,000,000	300,000,000
Common stock, par value	$ 0.001	$ .001
Common stock, shares issued	6,910,000	6,910,000
Common stock, shares outstanding	6,910,000	6,910,000

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2017	Jan. 31, 2016
Income Statement [Abstract]
Revenue	$ 0	$ 0	$ 0	$ 0
Operating Expenses:
Bank Charges	242	0	242	141
Professional Fees	9,278	14,239	34,018	32,687
Total Operating Expenses	9,520	14,239	34,260	32,828
Net loss from operations	(9,520)	(14,239)	(34,260)	(32,828)
Loss before income taxes	(9,520)	(14,239)	(34,260)	(32,828)
Provision for income taxes	0	0	0	0
Net Loss	$ (9,520)	$ (14,239)	$ (34,260)	$ (32,828)
Basic and diluted loss per share	$ 0	$ 0	$ 0	$ 0
Weighted average number of common shares outstanding basic and diluted	6,910,000	6,910,000	6,910,000	6,910,000

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jan. 31, 2017	Jan. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (34,260)	$ (32,828)
Adjustments to reconcile net loss to net cash used in operating activities:
Prepaid legal	0	0
Accounts payable	0	0
Net cash used in operating activities	(34,260)	(32,828)
CASH FLOWS FROM INVESTING ACTIVITIES:	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Contributions from related party	34,260	32,359
Net cash provided by financing activities	34,260	32,359
Net increase (decrease) in cash	0	(469)
Cash at beginning of period	0	469
Cash at end of period	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	0	0
Cash paid for taxes	$ 0	$ 0

Organization and Principal Acti

Organization and Principal Activities	9 Months Ended
	Jan. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [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 private label. 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. At present, we have no employees other than our officers and directors, listed below. Name Age Position Wenbo Yu 58 President, Chairman of the Board of Directors, Chief Executive Officer, Director Ming Huang 57 Chief Financial Officer, Treasurer and Director Enlong Pan 59 Secretary and Director Carmen Xiao Yan Yu 36 Director Peter Tong 63 Director Long Pan 29 Director Jianfei Sun 43 Director

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jan. 31, 2017
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (a) 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 nine months ended January 31, 2017 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, 2016. 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. (b) 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, 2017 and 2016, 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. (c) 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. (d) 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, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	3. INCOME TAXES As of January 31, 2017, the Company had net operating loss carry forwards of approximately $97,714 that 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 $97,714 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, 2017
Other Expenses [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, 2017, the Company had an accumulated deficit of $97,714. Management anticipates that fees associated with filing of Exchange Act reports including accounting fees and legal fees and payment of annual corporate fees will not exceed $60,000 within the next 12 months. We do not currently intend to retain any entity to act as a “finder” to identify and analyze the merits of potential target businesses. Management intends to search for a business combination by contacting various sources including, but not limited to, our affiliates, lenders, investment banking firms, private equity funds, consultants and attorneys and does not plan to conduct a complete and exhaustive investigation and analysis of a business opportunity. Management decisions, therefore, will likely be made without detailed feasibility studies, independent analysis, market surveys and the like which, if we had more funds, would be desirable. If the management can find a suitable target company, we will have to budget for additional fees relating to the investigation into the target company (including due diligence and possibly visiting the facilities) and consummating the reverse merger, which may cost between $125,000 to $150,000. We expect that the expenses for the next 12 months and beyond such time will be paid with amounts that may be loaned to or invested in us by our stockholders, management or other investors. Since we have minimal assets and will continue to incur losses due to the expenses associated with being a reporting company under the Exchange Act, we may cease business operations if we do not timely consummate a business combination.

Loans from Officers and Directo

Loans from Officers and Directors	9 Months Ended
	Jan. 31, 2017
Due to Related Parties [Abstract]
LOANS FROM OFFICERS AND DIRECTORS	5. LOANS FROM OFFICERS AND DIRECTORS As of January 31,2017, the Company had received loans from its officers and directors aggregating $73,514. 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, 2017
Accounting Policies [Abstract]
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 nine months ended January 31, 2017 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, 2016. 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	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, 2017 and 2016, 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	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	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, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Officers and Directors	Name Age Position Wenbo Yu 58 President, Chairman of the Board of Directors, Chief Executive Officer, Director Ming Huang 57 Chief Financial Officer, Treasurer and Director Enlong Pan 59 Secretary and Director Carmen Xiao Yan Yu 36 Director Peter Tong 63 Director Long Pan 29 Director Jianfei Sun 43 Director

Organization and Principal Ac13

Organization and Principal Activities (Details)	9 Months Ended
	Jan. 31, 2017
President [Member]
Name	Wenbo Yu
Age	58
Board of Directors Chairman [Member]
Name	Wenbo Yu
Age	58
Chief Executive Officer [Member]
Name	Wenbo Yu
Age	58
Director [Member]
Name	Wenbo Yu
Age	58
Chief Financial Officer [Member]
Name	Ming Hung
Age	57
Treasurer [Member]
Name	Ming Hung
Age	57
Director A [Member]
Name	Ming Hung
Age	57
Secretary [Member]
Name	Enlong Pan
Age	59
Director B [Member]
Name	Enlong Pan
Age	59
Director C [Member]
Name	Carmen Xiao Yan
Age	36
Director D [Member]
Name	Peter Tong
Age	63
Director E [Member]
Name	Long Pan
Age	29
Director F [Member]
Name	Jianfei Sun
Age	43

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	9 Months Ended
	Jan. 31, 2017USD ($)
Income Tax Disclosure [Abstract]
Net operating loss carry forwards	$ 97,714
Net operating loss carry forwards, description	As of January 31, 2017, the Company had net operating loss carry forwards of approximately $97,714 that may be available to reduce future years’ taxable income in varying amounts through 2033.

Going Concern and Capital Res15

Going Concern and Capital Resources (Details Narrative) - USD ($)	9 Months Ended
	Jan. 31, 2017	Apr. 30, 2016
Accumulated deficit	$ (97,714)	$ (63,454)
Anticipated legal fees, next twelve months	60,000
Maximum [Member]
Reverse merger cost	150,000
Minimum [Member]
Reverse merger cost	$ 125,000

Loans from Officers and Direc16

Loans from Officers and Directors (Details Narrative) - USD ($)	Jan. 31, 2017	Apr. 30, 2016
Due to Related Parties [Abstract]
Loan from director	$ 73,514	$ 39,254