Starlight Supply Chain Management (SLSC) 10-Q 31 May 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jan. 31, 2016	May. 19, 2016
Document And Entity Information [Abstract]
Entity Registrant Name	LIVE FIT CORP.
Entity Central Index Key	1,610,457
Trading Symbol	lvfz
Current Fiscal Year End Date	--04-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		20,700,000
Document Type	10-Q
Document Period End Date	Jan. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jan. 31, 2016	Apr. 30, 2015
Current Assets
Cash	$ 2,679	$ 17,779
Total current assets	2,679	17,779
Total Assets	2,679	17,779
Current Liabilities
Accounts payable and accrued liabilities	3,429	$ 3,950
Due to shareholder	20,000
Total current liabilities	23,429	$ 3,950
Total liabilities	$ 23,429	$ 3,950
Commitments and Contingencies
Stockholders' (Deficit) Equity
Preferred stock, $0.001 par value, 20,000,000 shares authorized; 0 shares issued and outstanding
Common stock, $0.001 par value, 130,000,000 shares authorized; 20,700,000 issued and outstanding	$ 20,700	$ 20,700
Additional paid-in capital	37,100	37,100
Accumulated deficit	(78,550)	(43,971)
Total stockholders' (deficit) equity	(20,750)	13,829
Total Liabilities and Stockholders' Equity	$ 2,679	$ 17,779

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parentheticals) - $ / shares	Jan. 31, 2016	Apr. 30, 2015
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	130,000,000	130,000,000
Common stock, shares issued	20,700,000	20,700,000
Common stock, shares outstanding	20,700,000	20,700,000

Condensed Statement of Operatio

Condensed Statement 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]
Revenue
Operating Expenses
Selling, general and administrative		$ 2,073		$ 5,813
Professional fees	$ 8,945	8,075	$ 34,579	15,083
Total Operating Expenses	8,945	10,148	34,579	20,896
Loss from Operations	$ (8,945)	$ (10,148)	$ (34,579)	$ (20,896)
Provision for income taxes
Net Loss	$ (8,945)	$ (10,148)	$ (34,579)	$ (20,896)
Basic and diluted net loss per common share (in dollars per share)	$ 0	$ 0	$ 0	$ 0
Basic and diluted weighted-average common shares outstanding (in shares)	20,700,000	19,710,870	20,700,000	15,792,210

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	$ (34,579)	$ (20,896)
Changes in assets and liabilities:
Prepaid expenses		1,125
Accounts payable and accrued liabilities	$ (521)	2,100
Net cash used in operating activities	$ (35,100)	$ (17,671)
Cash flows from investing activities:
Net cash used in investing activities
Cash flows from financing activities:
Proceeds from issuance of common stock		$ 32,800
Advance from shareholder	$ 20,000
Net cash provided by financing activities	20,000	$ 32,800
Net (decrease) increase in cash and cash equivalents	(15,100)	15,129
Cash and cash equivalents at beginning of period	17,779	18,675
Cash and cash equivalents at end of period	$ 2,679	$ 33,804
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
Cash paid during the period for taxes

Statements of Stockholders' Equ

Statements of Stockholders' Equity - USD ($)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Dec. 12, 2013
Balance (shares) at Dec. 12, 2013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common shares issued for cash	$ 12,500	$ 12,500		$ 25,000
Common shares issued for cash (in shares)	12,500,000
Net loss			$ (5,200)	(5,200)
Balances at Apr. 30, 2014	$ 12,500	12,500	$ (5,200)	19,800
Balances (shares) at Apr. 30, 2014	12,500,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common shares issued for cash	$ 8,200	24,600		32,800
Common shares issued for cash (in shares)	8,200,000
Net loss			$ (38,771)	(38,771)
Balances at Apr. 30, 2015	$ 20,700	37,100	(43,971)	$ 13,829
Balances (shares) at Apr. 30, 2015	20,700,000			20,700,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss			(34,579)	$ (34,579)
Balances at Jan. 31, 2016	$ 20,700	$ 37,100	$ (78,550)	$ (20,750)
Balances (shares) at Jan. 31, 2016	20,700,000			20,700,000

ORGANIZATION, CHANGE IN CONTROL

ORGANIZATION, CHANGE IN CONTROL AND DESCRIPTION OF BUSINESS	9 Months Ended
	Jan. 31, 2016
Organization Change In Control And Description Of Business [Abstract]
ORGANIZATION, CHANGE IN CONTROL AND DESCRIPTION OF BUSINESS	NOTE 1 - ORGANIZATION, CHANGE IN CONTROL AND DESCRIPTION OF BUSINESS LIVE FIT CORP On August 14, 2015, a change in control occurred, and Pawel Piesiecki (the “Seller” or "Piesiecki") entered into a Stock Purchase Agreement with eight (8) entities (set forth below) formed under the laws of the British Virgin Islands (“Purchasers”), pursuant to which the Seller sold to the Purchasers an aggregate of 12,500,000 shares of Live Fit Corp, a Nevada corporation (the “Company”) common stock, representing approximately 60.4% of the total issued and outstanding shares of common stock, for total consideration of US$50,000. The source of the purchase price was from personal funds of the Purchasers. We refer to the transaction consummated under the Stock Purchase Agreement as the “Transaction.” The Transaction and the change of control were previously reported in a Form 8-K that was filed with the United States Securities and Exchange Commission on August 19, 2015. Prior to the closing of the Transaction, the sole officer and director of the Company was Mr. Piesiecki. Mr. Piesiecki resigned from his position as President, Secretary, Treasurer and Chief Financial Officer effective immediately at the closing and also resigned from his position as the sole director of the Company. Mr. Piesiecki’s resignation as director was effective on August 29, 2015, ten (10) days following the filing of the Information Statement on Schedule 14f-1 (the “Information Statement”) with the Securities and Exchange Commission (the “SEC”) and distribution of the Information Statement to the shareholders of the Company. In his capacity as a director, Mr. Piesiecki appointed Lu Zhong Hua to fill the vacancies created by his resignation as the sole officer of the Company, and also appointed her to serve as a director of the Company. The Information Statement was filed with the SEC on August 19, 2015, and was mailed to all shareholders of record on that same date. Ms. Lu Zhong Hua resigned on the May 18, 2016 from all positions with the Company and appointed Mr.Chan Wai Lun as the sole director and officer. Previously, the Company intended to offer both personal and group fitness training sessions online. At this time the Company has no specific business, and new management and the controlling shareholders intend to seek to acquire one or more existing businesses that have existing management, through merger or acquisition. Management of the Company will have virtually unlimited discretion in determining the business activities in which the Company might engage. Further, the Company has no full-time employees and owns no real property. The Company has no specific plans, arrangements, understandings or commitments with respect to any business combination. The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America, and the Company’s fiscal year end is April 30.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The accompanying interim unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information in accordance with Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the Company's opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months and nine months ended January 31, 2016 are not necessarily indicative of the results for the full years. While management of the Company believes that the disclosures presented herein are adequate and not misleading, these interim financial statements should be read in conjunction with the audited financial statements and the footnotes thereto for the year ended April 30, 2015. 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. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. Commitments and Contingencies The Company follows ASC 450-20, “Loss Contingencies,” to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies at January 31, 2016 and April 30, 2015. Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

GOING CONCERN

GOING CONCERN	9 Months Ended
	Jan. 31, 2016
Going Concern [Abstract]
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 the realization of assets and the liquidation of liabilities in the normal course of business. For the period ended January 31, 2016, the Company has a net loss from operations of $34,579, an accumulated deficit of $78,550and has earned no revenues since inception. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending April 30, 2016. The ability of the Company to continue operations is dependent upon, among other things, obtaining additional financing to develop its business plan. In response to these problems, management intends to raise additional funds through public or private placement offerings. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

RELATED PARTY TRANSACTION

RELATED PARTY TRANSACTION	9 Months Ended
	Jan. 31, 2016
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTION	NOTE 4 – RELATED PARTY TRANSACTION As of January 31, 2016 and April 30, 2015, the due to shareholder was $20,000 and $0, respectively. The $20,000 advance was made as a prepayment of professional legal services expenses at the time made.

EQUITY

EQUITY	9 Months Ended
	Jan. 31, 2016
Stockholders' Equity Note [Abstract]
EQUITY	NOTE 5 - EQUITY Preferred Stock The Company has authorized 20,000,000 preferred shares with a par value of $0.001 per share. The Board of Directors are authorized to divide the authorized shares of Preferred Stock into one or more series, each of which shall be so designated as to distinguish the shares thereof from the shares of all other series and classes. There were no preferred shares issued and outstanding as at January 31, 2016 and April 30, 2015. Common Shares The Company has authorized 130,000,000 common shares with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. As at January 31, 2016 and April 30, 2015, the Company had 20,700,000 and 20,700,000 common shares issued and outstanding, respectively. The Company has no stock option plan, warrants or other dilutive securities.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jan. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 6 - SUBSEQUENT EVENTS Management has evaluated subsequent events through the date these financial statements were available to be issued, and based on their evaluation no events have occurred that would require disclosure.

SUMMARY OF SIGNIFICANT ACCOUN13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The Company prepares its financial statements in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The accompanying interim unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information in accordance with Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the Company's opinion, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months and nine months ended January 31, 2016 are not necessarily indicative of the results for the full years. While management of the Company believes that the disclosures presented herein are adequate and not misleading, these interim financial statements should be read in conjunction with the audited financial statements and the footnotes thereto for the year ended April 30, 2015.
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. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments.
Commitments and Contingencies	Commitments and Contingencies The Company follows ASC 450-20, “Loss Contingencies,” to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated. There were no commitments or contingencies at January 31, 2016 and April 30, 2015.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Management has considered all recent accounting pronouncements issued since the last audit of our financial statements. The Company’s management believes that these recent pronouncements will not have a material effect on the Company’s financial statements.

ORGANIZATION, CHANGE IN CONTR14

ORGANIZATION, CHANGE IN CONTROL AND DESCRIPTION OF BUSINESS (Details)	Aug. 14, 2015USD ($)Entityshares	Apr. 30, 2014USD ($)	Apr. 30, 2015USD ($)
Organization, Change In Control And Description Of Business [Line Items]
Value of common shares issued for cash		$ 25,000	$ 32,800
Pawel Piesiecki | Stock Purchase Agreement
Organization, Change In Control And Description Of Business [Line Items]
Value of common shares issued for cash	$ 50,000
Common shares issued for cash | shares	12,500,000
Percentage of issued and outstanding shares of common stock	60.40%
Number of entities | Entity	8

GOING CONCERN (Detail Textuals)

GOING CONCERN (Detail Textuals) - USD ($)	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2016	Jan. 31, 2015	Apr. 30, 2015
Going Concern [Abstract]
Net loss from operations	$ (8,945)	$ (10,148)	$ (34,579)	$ (20,896)
Accumulated deficit	$ (78,550)		$ (78,550)		$ (43,971)

RELATED PARTY TRANSACTION (Deta

RELATED PARTY TRANSACTION (Detail Textuals) - USD ($)	9 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Apr. 30, 2015
Related Party Transactions [Abstract]
Due to shareholder	$ 20,000
Advance from shareholder	$ 20,000

EQUITY (Detail Textuals)

EQUITY (Detail Textuals) - $ / shares	9 Months Ended
	Jan. 31, 2016	Apr. 30, 2015
Stockholders' Equity Note [Abstract]
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, shares authorized	130,000,000	130,000,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Number of votes entitled to each common shareholder	one vote
Common stock, shares issued	20,700,000	20,700,000
Common stock, shares outstanding	20,700,000	20,700,000