Ixir Productions 10-Q 15 May 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 31, 2014	15-May-14
Document And Entity Information	'	'
Entity Registrant Name	'Ixir Productions, Inc.	'
Entity Central Index Key	'0001583773	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Is Entity a Well-known Seasoned Issuer?	'No	'
Is Entity a Voluntary Filer?	'No	'
Is Entity's Reporting Status Current?	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	5,000,000
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Mar. 31, 2014	Jun. 30, 2013
Current Assets:	'	'
Cash	$3,175	$6,000
Due from stockholder	2,032	'
Deferred equity issuance costs	6,500	6,500
Total current assets	11,707	12,500
Total assets	11,707	12,500
Current Liabilities:	'	'
Due to stockholder	'	81
Accounts payable	3,800	'
Total current liabilities	3,800	81
Stockholder's Equity:	'	'
Common stock, 75,000,000 shares authorized, par value $0.001, 5,000,000 shares issued and outstanding	5,000	5,000
Additional paid in capital	7,500	7,500
Deficit accumulated during the development stage	4,593	81
Total stockholder's equity	7,907	12,419
Total liabilities and stockholder's equity	$11,707	$12,500

Condensed_Balance_Sheets_Paren

Condensed Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Statement of Financial Position [Abstract]	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	75,000,000	75,000,000
Common stock, shares issued	5,000,000	5,000,000
Common stock, shares outstanding	5,000,000	5,000,000

Condensed_Statements_Of_Operat

Condensed Statements Of Operations (USD $)	0 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2013		Mar. 31, 2014		Mar. 31, 2014		Mar. 31, 2014
Income Statement [Abstract]	'		'		'		'
Revenue	'		$2,784		$7,043		$9,087
Cost of sales, related party	'		1,949		4,930		6,375
Gross profit	'		835		2,113		2,712
OPERATING EXPENSES	'		'		'		'
Audit fees	'		'		4,300		4,300
Organization expenses	680		'		'		680
General & administrative	'		325		325		325
Professional fees	'		3,800		2,000		2,000
Total operating expenses	680		4,125		6,625		7,305
Provision for Income Taxes	'		'		'		'
Net loss	($680)		($3,290)		($4,512)		($4,593)
Basic and Diluted Loss Per Common Share	'	[1]	'	[1]	'	[1]	'
Weighted Average Number of Common Shares Outstanding	5,000,000		5,000,000		5,000,000		'
[1]	less than $.01 per share

Condensed_Statements_Of_Cash_F

Condensed Statements Of Cash Flows (USD $)	0 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2014
Statement of Cash Flows [Abstract]	'	'	'
Net loss	($680)	($4,512)	($4,593)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Increase in Accounts payable	'	3,800	3,800
Net cash used in operating activities	-680	-712	-793
FINANCING ACTIVITIES:	'	'	'
Shareholder advances	-680	2,113	2,032
Payment of deferred equity issuance costs	'	'	6,500
Proceeds from issuance of common stock	'	'	12,500
Net cash provided by (used in) financing activities	680	-2,113	3,968
Increase (decrease) in cash during the period	'	-2,825	3,175
Cash, beginning of the period	'	6,000	'
Cash, end of the period	'	3,175	3,175
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'	'	'
Cash paid during the period for Interest	'	'	'
Cash paid during the period for Income taxes	'	'	'

Organization_And_Basis_Of_Pres

Organization And Basis Of Presentation	9 Months Ended
	Mar. 31, 2014
Organization And Basis Of Presentation	'
Organization And Basis Of Presentation	'
	Note 1. Organization and Basis of Presentation
	The Company was originally incorporated under the laws of the state of Nevada on March 19, 2013. The Company is devoting substantially all of its present efforts to establish a new business. It is considered a development stage company, and has had minimal revenues from operations to date.
	Initial operations have included organization and capital formation. The company is engaged in the business of recruiting rising music artists and providing them with related services such as worldwide digital distribution, production, music videos, Music Press P.R, online marketing and event promotion.
	As a development stage enterprise, the Company discloses the retained earnings or deficit accumulated during the development stage and the cumulative statements of operations and cash flows from inception to the current balance sheet date.
	In the opinion of management, the accompanying unaudited condensed financial statements of Ixir Productions, Inc. contain all adjustments necessary to present fairly the Company’s financial position as of March 31, 2014 and its results of operations and cash flows for the three and nine months ended March 31, 2014 and 2013 and for the periods from March 19, 2013 (inception) and through March 31, 2013 and 2014. The accompanying unaudited interim financial statements have been prepared in accordance with instructions to Form 10-Q and therefore do not include all information and footnotes required by accounting principles generally accepted in the United States of America. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the results to be expected for the full year.
	Certain information and disclosures normally included in the notes to the annual financial statements have been condensed or omitted from these interim condensed financial statements. Accordingly, these interim condensed financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s registration statement on Form S-1/A. The June 30, 2013 balance sheet is derived from those financial statements.

Summary_Of_Significant_Account

Summary Of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2014
Summary Of Significant Accounting Policies	'
Summary Of Significant Accounting Policies	'
	Note 2.  Summary of Significant Accounting Policies
	ACCOUNTING BASIS
	The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles applicable to development stage enterprises. The Company has adopted a June 30 fiscal year end.
	CASH
	The Company’s cash consists of funds deposited with its lawyer into the law firm's trust account.
	DEFERRED OFFERING COSTS
	Direct costs incurred in connection with the issuance of equity are capitalized and recorded in paid in capital during the period when proceeds are received.
	EARNINGS PER SHARE
	The basic earnings (loss) per share is calculated by dividing the Company's net loss by the weighted average number of common shares outstanding during the period. The diluted earnings (loss) per share is calculated by dividing the Company's net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity securities. The Company has not issued any options or warrants or similar securities since inception.
	FOREIGN CURRENCY TRANSLATION
	The Company has adopted the US dollar as its functional and reporting currency because most of its transactions are denominated in US currency.
	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The carrying value of the amounts due to and from stockholder and accounts payable approximate fair value due to their short-term nature.
	INCOME TAXES
	Deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.
	The Company accounts for income taxes under the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, “Accounting for Income Taxes. It prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result, the Company has applied a more-likely-than-not recognition threshold for all tax uncertainties. The guidance only allows the recognition of those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the various taxing authorities. The Company is subject to taxation in the United States. All of the Company’s tax years since inception remain subject to examination by Federal and state jurisdictions. The Company did not identify any uncertain tax positions.
	The Company classifies penalties and interest related to unrecognized tax benefits as income tax expense in the Statements of Operations. As of March 31, 2014, the Company had no accrued interest or penalties.
	REVENUE RECOGNITION
	The Company recognizes revenue during the period in which services have been provided and collection is reasonably assured.
	USE OF ESTIMATES
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.
	RECENT ACCOUNTING PRONOUNCEMENTS
	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.

Going_Concern

Going Concern	9 Months Ended
	Mar. 31, 2014
Going Concern	'
Going Concern	'
	Note 3. Going Concern
	The accompanying financial statements have been prepared assuming that 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. The Company has net losses from the date of incorporation on March 19, 2013 to March 31, 2014 of $4,593. The Company intends to fund its expenditures through equity financing arrangements, which may be insufficient to fund its proposed development expenditures, working capital and other cash requirements through the next twelve months ending March 31, 2015.
	The ability of the Company to emerge from the development stage and continue as a going concern is dependent upon the Company's successful efforts to raise sufficient capital for its business plans and then attaining profitable operations. In response to these issues, management has planned the following actions:
	- The Company has filed and cleared a Registration Statement with the SEC to raise additional equity funds through a public offering.
	- Management is currently formulating plans to recruit rising music artists and to provide with related services such as worldwide digital distribution and production. There can be no assurances, however, that management's expectations of future revenues will be realized.
	The company is engaged in the business of recruiting rising music artists and providing them with related services such as worldwide digital distribution, production, music videos, Music Press P.R, online marketing and event promotion.
	As of the date of the financial statements, there were no commitments for the additional equity funding. Management estimates the minimum amount of additional funding necessary to enable the Company to carry out its intended business plan and remain viable for at least the twelve months following the date of the financial statements is approximately $50,000. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Stockholders_Equity

Stockholder's Equity	9 Months Ended
	Mar. 31, 2014
Stockholders Equity	'
Stockholder's Equity	'
	Note  4. Stockholder’s Equity
	AUTHORIZED
	The Company is authorized to issue 75,000,000 shares of $0.001 par value common stock. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company.
	ISSUED AND OUTSTANDING
	On March 19, 2013 (inception), the Company issued 5,000,000 shares of its common shares to its President, Secretary Treasurer and Director for cash of $.0025 per share or $12,500 in aggregate. See Note 5.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2014
Related Party Transactions	'
Related Party Transactions	'
	Note 5. Related Party Transactions
	The Company's officer and director is involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests.
	The Company has not formulated a policy for the resolution of such conflicts.
	On March 19, 2013, the Company issued 5,000,000 shares of its common stock to its President, Secretary Treasurer and Director for cash of $12,500. See Note 4.
	As of March 31, 2014, the Company advanced its officer and director $2,032. These amounts remain outstanding as of March 31, 2014, are non-interest bearing and due on demand.
	All of the Company’s cost of sales totaling $6,375 from inception through March 31, 2014 has been incurred with the Company’s sole officer and director.

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2014
Income Taxes	'
Income Taxes	'
	Note 6. Income Taxes
	Net deferred tax assets are $0 as of March 31, 2014. Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a 100% valuation allowance. Management believes it is likely that any deferred tax assets will not be realized. The Company has a net operating loss carry forward of approximately $4,593 which will expire by March 31, 2033.

Concentration_Risk

Concentration Risk	9 Months Ended
	Mar. 31, 2014
Concentration Risk	'
Concentration Risk	'
	Note 7. Concentration Risk
	During the period from March 19, 2013 (inception) through March 31, 2014, 100% of the Company’s revenue was generated from three customers and 100% of cost of sales was incurred with the Company’s sole officer and stockholder.

Subsequent_Events

Subsequent Events	9 Months Ended
	Mar. 31, 2014
Subsequent Events	'
Subsequent Events	'
	Note 8. Subsequent Events
	In April 2014, the Company sold 113,200 shares of common stock at $0.10 per share for net proceeds of $11,320.

Summary_Of_Significant_Account1

Summary Of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2014
Summary Of Significant Accounting Policies Policies	'
Accounting Basis	'
	ACCOUNTING BASIS
	The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles applicable to development stage enterprises. The Company has adopted a June 30 fiscal year end.
Cash	'
	CASH
	The Company’s cash consists of funds deposited with its lawyer into the law firm's trust account.
Deferred Offering Cost	'
	DEFERRED OFFERING COSTS
	Direct costs incurred in connection with the issuance of equity are capitalized and recorded in paid in capital during the period when proceeds are received.
Earnings Per Share	'
	EARNINGS PER SHARE
	The basic earnings (loss) per share is calculated by dividing the Company's net loss by the weighted average number of common shares outstanding during the period. The diluted earnings (loss) per share is calculated by dividing the Company's net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity securities. The Company has not issued any options or warrants or similar securities since inception.
Foreign Currency Translation	'
	FOREIGN CURRENCY TRANSLATION
	The Company has adopted the US dollar as its functional and reporting currency because most of its transactions are denominated in US currency.
Fair Value Of Financial Instruments	'
	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The carrying value of the amounts due to and from stockholder and accounts payable approximate fair value due to their short-term nature.
Income Taxes	'
	INCOME TAXES
	Deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.
	The Company accounts for income taxes under the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, “Accounting for Income Taxes. It prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result, the Company has applied a more-likely-than-not recognition threshold for all tax uncertainties. The guidance only allows the recognition of those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the various taxing authorities. The Company is subject to taxation in the United States. All of the Company’s tax years since inception remain subject to examination by Federal and state jurisdictions. The Company did not identify any uncertain tax positions.
	The Company classifies penalties and interest related to unrecognized tax benefits as income tax expense in the Statements of Operations. As of March 31, 2014, the Company had no accrued interest or penalties.
Revenue Recognition	'
	REVENUE RECOGNITION
	The Company recognizes revenue during the period in which services have been provided and collection is reasonably assured.
Use Of Estimates	'
	USE OF ESTIMATES
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 revenue and expenses during the reporting period. Actual results could differ from those estimates.
Recent Accounting Pronouncements	'
	RECENT ACCOUNTING PRONOUNCEMENTS
	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.

Stockholders_Equity_Narrative_

Stockholder's Equity (Narrative) (Details) (Common Stock, USD $)	3 Months Ended	0 Months Ended
	Mar. 31, 2014	Mar. 21, 2013
		President, Secretary Treasurer and Director
Voting rights	'	'
	All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company.
Shares issued for cash, shares	'	5,000,000
Shares issued for cash, value	'	$12,500
Shares issued for cash, per share	'	$0.00

Related_Party_Transactions_Nar

Related Party Transactions (Narrative) (Details) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014
Cost of sales	'	$1,949	$4,930	$6,375
Advance to related party	-680	'	2,113	2,032
Officer And Director	'	'	'	'
Cost of sales	'	'	'	6,375
Advance to related party	'	$2,032	'	'

Income_Taxes_Narrative_Details

Income Taxes (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Income Taxes Narrative Details	'
Net deferred tax assets	$0
Valuation allowance	100.00%
Operating loss carry forward expiration	31-Mar-33

Concentration_Risk_Narrative_D

Concentration Risk (Narrative) (Details)	12 Months Ended
	Mar. 31, 2014
Company's Revenue - Three Customer	'
Concentration of risk	100.00%
Cost Of Sales - Company's Sole Officer And Stockholder	'
Concentration of risk	100.00%

Subsequent_Events_Narrative_De

Subsequent Events (Narrative) (Details) (USD $)	0 Months Ended	9 Months Ended	12 Months Ended	1 Months Ended
	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Apr. 30, 2014
				Subsequent Event
				Common Stock
Sale of shares, shares	'	'	'	113,200
Net proceeds from issuance of shares	'	'	$12,500	$11,320
Sale of shares, per share	'	'	'	$0.10