Lepora 10-Q 22 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 22, 2016
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Entity Registrant Name	Lepora Holdings, Inc.
Entity Central Index Key	1,662,645
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,500,000

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 0	$ 0
Total Current Assets	0	0
Total Assets	0	0
Current Liabilities
Accrued liabilities	3,250	1,000
Total Current Liabilities	3,250	1,000
Total Liabilities	3,250	1,000
Commitments and Contingencies (Note 5)
Stockholders' Deficit
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; none issued and outstanding at June 30, 2016 and December 31, 2015, respectively	0	0
Common stock, $0.0001 par value, 100,000,000 shares authorized; 5,500,000 shares and 20,000,000 shares issued and outstanding at June 30, 2016 and December 31, 2015, respectively	550	2,000
Discount on common stock	(550)	(2,000)
Additional paid-in capital	1,919	312
Accumulated deficit	(5,169)	(1,312)
Total Stockholders' Deficit	(3,250)	(1,000)
Total Liabilities and Stockholders' Deficit	$ 0	$ 0

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Preferred Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001
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 or Stated Value Per Share	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	5,500,000	20,000,000
Common Stock, Shares, Outstanding	5,500,000	20,000,000

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016
Revenue	$ 0	$ 0
Cost of Revenue	0	0
Gross Profit	0	0
Operating Expenses
General and administrative expenses	3,207	3,857
Total Operating Expenses	3,207	3,857
Operating Loss	(3,207)	(3,857)
Other Income (Expenses)	0	0
Loss From Operations Before Income Tax	(3,207)	(3,857)
Provision For Income Tax	0	0
Net Loss	$ (3,207)	$ (3,857)
Basic and Diluted Net Loss Per Share	$ 0	$ 0
Weighted Average Number of Shares Outstanding	14,368,132	17,184,066

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows	6 Months Ended
	Jun. 30, 2016USD ($)
Cash Flows from Operating Activities
Net loss	$ (3,857)
Adjustment to reconcile net loss to net cash used in operating activities:
Expenses paid by stockholder contributed as capital	1,607
Changes in operating assets and liabilities
Increase in accrued liabilities	2,250
Net Cash Used in Operating Activities	0
Net Increase in Cash and Cash Equivalents	0
Cash and Cash Equivalents, Beginning of the Period	0
Cash and Cash Equivalents, End of the Period	0
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	0
Cash paid for interest	$ 0

NATURE OF OPERATIONS AND BASIS

NATURE OF OPERATIONS AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION NATURE OF OPERATIONS Lepora Holdings, Inc. (formerly Event Hill Acquisition Corporation) (the "Company") was incorporated on December 11, 2015 under the laws of the state of Delaware to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions. The Company registered its common stock on a Form 10 registration statement filed pursuant to the Securities and Exchange Act of 1934 (the “Exchange Act) and Rule 12 (g) thereof on January 7, 2016, by which it became a public reporting company. The Company has been formed to provide a method for a foreign or domestic private company to become a reporting company with a class of securities registered under the Securities Exchange Act of 1934. On December 11, 2015, the Company issued to the founders 20,000,000 0.0001 2,000 5,000,000 0.0001 19,500,000 20,000,000 Since the change in control, the Company intends to develop the China and Asian markets for the sale of products which are designed to improve air, water, health and the home environment. The products include ParadisePURE water filtration systems which reduce pollutants produced by industry, agriculture and nature including chlorine, chloroform, herbicides, pesticides, lead, silver, arsenic, chromium and mercury and over 50 volatile organic compounds. ParadisePURE water filters also remove unpleasant odors and cloudiness and makes water better tasting while retaining naturally occurring beneficial minerals essential for good health. Other products include the ParadisePAD "health pad" which is intended to provide beneficial and enjoyable home therapy and comfort through the application of infrared waves, soothing heat, and hot micro-stone therapy. The Company believes that the demand for these products will be strong in the target markets in Asia where much of the water is polluted and air pollution commonly reaches dangerous levels and consumers are becoming increasingly health conscious. BASIS OF PRESENTATION The summary of significant accounting policies presented below is designed to assist in understanding the Company's unaudited condensed financial statements. Such unaudited condensed financial statements and accompanying notes are the representations of the Company's management, who are responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America ("GAAP") in all material respects, and have been consistently applied in preparing the accompanying unaudited condensed financial statements. Certain information and footnote disclosures normally present in annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") were omitted pursuant to such rules and regulations. The results for the six months ended June 30, 2016, are not necessarily indicative of the results to be expected for the year ending December 31, 2016.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 – SIGNIFICANT ACCOUNTING POLICIES The following summary of significant accounting policies of the Company is presented to assist in the understanding of the Company’s financial statements. The financial statements and notes are the representation of the Company’s management who is responsible for their integrity and objectivity. The financial statements of the Company conform to accounting principles generally accepted in the United States of America (U.S. GAAP). USE OF ESTIMATES The preparation of unaudited condensed financial statements in conformity with 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 condensed financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. CASH Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of June 30, 2016 and December 31, 2015, respectively. CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not have cash balances in excess of the Federal Deposit Insurance Corporation limit as of June 30, 2016. INCOME TAXES Under ASC 740, "Income Taxes," deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of June 30, 2016 there were no deferred taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration. LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of June 30, 2016, there are no outstanding dilutive securities. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the unaudited condensed financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the unaudited condensed financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments. The Company’s financial instruments consist principally of accrued liabilities payable to a related party. Pursuant to ASC 820 and ASC 825, “ Financial Instruments” RECENT ACCOUNTING PRONOUNCEMENTS In January 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (ASU) No. 2015-01 Income Statement Extraordinary and Unusual Items On April 30, 2015, FASB issued ASU No. 2015-06 Earnings Per Share This Accounting Standards Update is the final version of Proposed Accounting Standards Update EITF-14A Earnings Per Share Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions On June 12, 2015, FASB issued ASU No. 2015-10- Technical Corrections and Improvements On November 20, 2015, FASB issued ASU-2015-17- Income Taxes

GOING CONCERN

GOING CONCERN	6 Months Ended
	Jun. 30, 2016
Going Concern [Abstract]
Substantial Doubt about Going Concern [Text Block]	NOTE 3 – GOING CONCERN The Company has not yet generated any revenue since inception to date and has sustained operating loss of $ 3,207 3,857 3,250 5,169 The accompanying unaudited condensed financial statements have been prepared assuming that the Company will continue as a going concern; however, the above condition raises substantial doubt about the Company's ability to do so. The unaudited condensed financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result should the Company be unable to continue as a going concern. In order to maintain its current level of operations, the Company will require additional working capital from either cash flow from operations or from the sale of its equity. However, the Company currently has no commitments from any third parties for the purchase of its equity. If the Company is unable to acquire additional working capital, it will be required to significantly change its business plans.

ACCRUED LIABILITIES

ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2016
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 4 – ACCRUED LIABILITIES The Company has accrued professional fee of $ 2,500 750 1,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 5 – COMMITMENTS AND CONTINGENCIES LEGAL COSTS AND CONTINGENCIES In the normal course of business, the Company incurs costs to hire and retain external legal counsel to advise it on regulatory, litigation and other matters. The Company expenses these costs as the related services are received. If a loss is considered probable and the amount can be reasonable estimated, the Company recognizes an expense for the estimated loss. If the Company has the potential to recover a portion of the estimated loss from a third party, the Company makes a separate assessment of recoverability and reduces the estimated loss if recovery is also deemed probable.

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT	6 Months Ended
	Jun. 30, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 6 – STOCKHOLDERS' DEFICIT The Company’s capitalization at June 30, 2016 was 100,000,000 0.0001 20,000,000 0.0001 COMMON STOCK On December 11, 2015, the Company issued 20,000,000 0.0001 2,000 On May 26, 2016, the Company effected a change in control and redeemed 19,500,000 20,000,000 On May 27, 2016, the Company issued 5,000,000 500 4,980,000 20,000 PREFERRED STOCK No shares of preferred stock are issued and outstanding at June 30, 2016.

SUBSEQUENT EVENT

SUBSEQUENT EVENT	6 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 7 – SUBSEQUENT EVENT Management has evaluated subsequent events through August 22, 2016, the date which the financial statements were available to be issued. All subsequent events requiring recognition as of June 30, 2016 have been incorporated into these financial statements and there are no subsequent events that require disclosure in accordance with FASB ASC Topic 855, "Subsequent Events."

SIGNIFICANT ACCOUNTING POLICI13

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	USE OF ESTIMATES The preparation of unaudited condensed financial statements in conformity with 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 condensed financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	CASH Cash and cash equivalents include cash on hand and on deposit at banking institutions as well as all highly liquid short-term investments with original maturities of 90 days or less. The Company did not have cash equivalents as of June 30, 2016 and December 31, 2015, respectively.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash. The Company places its cash with high quality banking institutions. The Company did not have cash balances in excess of the Federal Deposit Insurance Corporation limit as of June 30, 2016.
Income Tax, Policy [Policy Text Block]	INCOME TAXES Under ASC 740, "Income Taxes," deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Valuation allowances are established when it is more likely than not that some or all of the deferred tax assets will not be realized. As of June 30, 2016 there were no deferred taxes due to the uncertainty of the realization of net operating loss or carry forward prior to expiration.
Earnings Per Share, Policy [Policy Text Block]	LOSS PER COMMON SHARE Basic loss per common share excludes dilution and is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted loss per common share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the loss of the entity. As of June 30, 2016, there are no outstanding dilutive securities.
Fair Value of Financial Instruments, Policy [Policy Text Block]	FAIR VALUE OF FINANCIAL INSTRUMENTS The Company follows guidance for accounting for fair value measurements of financial assets and financial liabilities and for fair value measurements of nonfinancial items that are recognized or disclosed at fair value in the unaudited condensed financial statements on a recurring basis. Additionally, the Company adopted guidance for fair value measurement related to nonfinancial items that are recognized and disclosed at fair value in the unaudited condensed financial statements on a nonrecurring basis. The guidance establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to measurements involving significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. Level 2 inputs are inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. Level 3 inputs are unobservable inputs for the asset or liability. The carrying amounts of financial assets such as cash approximate their fair values because of the short maturity of these instruments. The Company’s financial instruments consist principally of accrued liabilities payable to a related party. Pursuant to ASC 820 and ASC 825, “ Financial Instruments”
New Accounting Pronouncements, Policy [Policy Text Block]	RECENT ACCOUNTING PRONOUNCEMENTS In January 2015, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (ASU) No. 2015-01 Income Statement Extraordinary and Unusual Items On April 30, 2015, FASB issued ASU No. 2015-06 Earnings Per Share This Accounting Standards Update is the final version of Proposed Accounting Standards Update EITF-14A Earnings Per Share Effects on Historical Earnings per Unit of Master Limited Partnership Dropdown Transactions On June 12, 2015, FASB issued ASU No. 2015-10- Technical Corrections and Improvements On November 20, 2015, FASB issued ASU-2015-17- Income Taxes

NATURE OF OPERATIONS AND BASI14

NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Details Textual) - USD ($)	1 Months Ended
	May 27, 2016	May 26, 2016	Jun. 30, 2016	Dec. 31, 2015	Dec. 11, 2015
Nature Of Operations And Basis Of Presentation [Line Items]
Common Stock, Shares, Issued			5,500,000	20,000,000	20,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Discount on Shares	$ 500		$ 550	$ 2,000	$ 2,000
Stock Issued During Period, Shares, New Issues	5,000,000
Stock Redeemed or Called During Period, Shares	19,500,000	19,500,000
Common Stock, Shares, Outstanding	20,000,000	20,000,000	5,500,000	20,000,000

GOING CONCERN (Details Textual)

GOING CONCERN (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Going Concern [Line Items]
Working Capital Deficit	$ 3,250	$ 3,250
Operating Income (Loss)	(3,207)	(3,857)
Retained Earnings (Accumulated Deficit)	$ (5,169)	$ (5,169)	$ (1,312)

ACCRUED LIABILITIES (Details Te

ACCRUED LIABILITIES (Details Textual) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Accrued Liabilities [Line Items]
Accrued Professional Fees, Current	$ 2,500	$ 1,000
Other Accrued Liabilities, Current	$ 750

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Textual) - USD ($)	1 Months Ended
	May 27, 2016	May 26, 2016	Jun. 30, 2016	Dec. 31, 2015	Dec. 11, 2015
Class of Stock [Line Items]
Common Stock, Shares, Issued			5,500,000	20,000,000	20,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0001		$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Discount on Shares	$ 500		$ 550	$ 2,000	$ 2,000
Stock Redeemed or Called During Period, Shares	19,500,000	19,500,000
Common Stock, Shares, Outstanding	20,000,000	20,000,000	5,500,000	20,000,000
Stock Issued During Period, Shares, New Issues	5,000,000
Preferred Stock, Shares Authorized			20,000,000	20,000,000
Preferred Stock, Par or Stated Value Per Share			$ 0.0001	$ 0.0001
Common Stock, Shares Authorized			100,000,000	100,000,000
Officers and Directors One [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	4,980,000
Officers and Directors Two [Member]
Class of Stock [Line Items]
Stock Issued During Period, Shares, New Issues	20,000