Lepora 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 14, 2017
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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 ($)	Sep. 30, 2017	Dec. 31, 2016
Current Assets
Cash	$ 0	$ 0
Total Current Assets	0	0
Total Assets	0	0
Current Liabilities
Accrued liabilities	29,157	6,758
Payable to related party	18,454	11,615
Total Current Liabilities	47,611	18,373
Total Liabilities	47,611	18,373
Commitments and Contingencies (Note 5)
Stockholders' Deficit
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; none issued and outstanding at September 30, 2017 and December 31, 2016, respectively	0	0
Common stock, $0.0001 par value, 100,000,000 shares authorized; 5,500,000 shares issued and outstanding at September 30, 2017 and December 31, 2016, respectively	550	550
Discount on common stock	(550)	(550)
Additional paid in capital	2,919	2,919
Accumulated deficit	(50,530)	(21,292)
Total Stockholders' Deficit	(47,611)	(18,373)
Total Liabilities and Stockholders' Deficit	$ 0	$ 0

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
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	5,500,000
Common Stock, Shares, Outstanding	5,500,000	5,500,000

Condensed Statements of Operati

Condensed Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenue	$ 0	$ 0	$ 0	$ 0
Cost of Revenue	0	0	0	0
Gross Profit	0	0	0	0
Operating Expenses
General and administrative expenses	7,263	6,121	29,238	9,978
Total Operating Expenses	7,263	6,121	29,238	9,978
Operating Loss	(7,263)	(6,121)	(29,238)	(9,978)
Other Income (Expenses)	0	0	0	0
Loss From Operations Before Income Tax	(7,263)	(6,121)	(29,238)	(9,978)
Provision for Income Tax			0	0
Net Loss	$ (7,263)	$ (6,121)	$ (29,238)	$ (9,978)
Basic and Diluted Net Loss Per Share	$ 0	$ 0	$ (0.01)	$ 0
Weighted Average Number of Shares Outstanding	5,500,000	5,500,000	5,500,000	13,260,949

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities
Net loss	$ (29,238)	$ (9,978)
Adjustment to reconcile net loss to net cash used in operating activities:
Expenses paid by stockholder contributed as capital	0	1,607
Changes in operating assets and liabilities:
Increase in accrued liabilities	22,399	5,387
Net Cash Used in Operating Activities	(6,839)	(2,984)
Cash Flows from Financing Activities
Cash proceeds from related party	6,839	2,984
Net Cash Provided by Financing Activities	6,839	2,984
Net Increase in Cash and Cash Equivalents	0	0
Cash and Cash Equivalents, Beginning of the Period	0	0
Cash and Cash Equivalents, End of the Period	0	0
Supplemental Disclosures of Cash Flow Information
Cash paid for income taxes	0	0
Cash paid for interest	$ 0	$ 0

NATURE OF OPERATIONS, BASIS OF

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN	9 Months Ended
	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	NOTE 1 – NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN As used herein and except as otherwise noted, the term “Company”, “it(s)”, “our”, “us”, “we”, and “Lepora” shall mean Lepora Holdings, Inc., a Delaware corporation. 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 (two officers and directors) 20,000,000 0.0001 2,000 5,000,000 0.0001 19,500,000 Since the change in control, the Company plans to develop 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. 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 accompanying interim condensed financial statements are unaudited, but in the opinion of management of the Company, contain all adjustments, which include normal recurring adjustments necessary to present fairly the financial position at September 30, 2017, and the results of operations and cash flows for the nine months ended September 30, 2017. The balance sheet as of December 31, 2016 is derived from the Company’s audited financial statements. Certain information and footnote disclosures normally included in financial statements that have been prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission, although management of the Company believes that the disclosures contained in these interim financial statements are adequate to make the information presented therein not misleading. For further information, refer to the financial statements and the notes thereto contained in the Company’s 2016 Annual Report filed with the Securities and Exchange Commission on Form 10-K on March 31, 2017. Going Concern The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has not yet generated any revenue and has sustained operating losses since December 11, 2015 (Inception Date) to date and allow it to continue as a going concern. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary financing to continue operations, and the attainment of profitable operations. The Company incurred a net loss of $ 29,238 6,839 47,611 50,530

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF 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. 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 financial statements. The preparation of unaudited condensed financial statements in conformity with accounting principles generally accepted in the United States of America (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. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company had a cash balance of $ 0 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 does not have the cash balances in excess of Federal Deposit Insurance Corporation limit at September 30, 2017 and December 31, 2016, respectively. The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes” The Company follows the provisions of ASC 740-10, “Accounting for Uncertain Income Tax Positions.” The Company computes net earnings (loss) per share in accordance with ASC 260, “Earnings per Share” ASC 820, “Fair Value Measurements and Disclosures”, Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of accrued liabilities and payable to related party. Pursuant to ASC 820, “Fair Value Measurements and Disclosures” Financial Instruments” In November 2016, the FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”) In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” In June 2016, the FASB issued Accounting Standards Update ("ASU") 2016-13, “Financial Instruments - Credit Losses (Topic 326).” In 2015, the FASB issued ASU No. 2015-17, “Income Taxes” Balance Sheet Classification of Deferred Taxes In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern ”

ACCRUED LIABILITIES

ACCRUED LIABILITIES	9 Months Ended
	Sep. 30, 2017
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 3 – ACCRUED LIABILITIES The Company had accrued professional fees of $ 29,157 6,758

PAYABLE TO RELATED PARTY

PAYABLE TO RELATED PARTY	9 Months Ended
	Sep. 30, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 4 – PAYABLE TO RELATED PARTY Payable to related party amounted to $ 18,454 11,615

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2017
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	9 Months Ended
	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 6 – STOCKHOLDERS’ DEFICIT The Company’s capitalization at September 30, 2017 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 On May 27, 2016, the Company issued 5,000,000 500 4,980,000 20,000 As a result of all common stock issuances, the total issued and outstanding shares of common stock was 5,500,000 Preferred stock The Company is authorized to issue 20,000,000

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 7 – SUBSEQUENT EVENTS Management has evaluated subsequent events through November 14, 2017, the date which the financial statements were available to be issued. All subsequent events requiring recognition as of September 30, 2017 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

SUMMARY OF SIGNIFICANT ACCOUN13

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Use of Estimates, Policy [Policy Text Block]	The preparation of unaudited condensed financial statements in conformity with accounting principles generally accepted in the United States of America (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. The actual results experienced by the Company may differ materially and adversely from the Company’s estimates. To the extent there are material differences between the estimates and the actual results, future results of operations will be affected
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid instruments with maturity of three months or less at the time of issuance to be cash equivalents. The Company had a cash balance of $ 0
Concentration Risk, Credit Risk, Policy [Policy Text Block]	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 does not have the cash balances in excess of Federal Deposit Insurance Corporation limit at September 30, 2017 and December 31, 2016, respectively.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company accounts for income taxes using the asset and liability method in accordance with ASC 740, “Income Taxes” The Company follows the provisions of ASC 740-10, “Accounting for Uncertain Income Tax Positions.”
Earnings Per Share, Policy [Policy Text Block]	Earnings (Loss) Per Common Share The Company computes net earnings (loss) per share in accordance with ASC 260, “Earnings per Share”
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair value of Financial Instruments and Fair Value Measurements ASC 820, “Fair Value Measurements and Disclosures”, Level 1 Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities. Level 2 Level 2 applies to assets or liabilities for which there are inputs other than quoted prices that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical assets or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability. Level 3 Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities. The Company’s financial instruments consist principally of accrued liabilities and payable to related party. Pursuant to ASC 820, “Fair Value Measurements and Disclosures” Financial Instruments”
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In November 2016, the FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash” (“ASU 2016-18”) In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments” In June 2016, the FASB issued Accounting Standards Update ("ASU") 2016-13, “Financial Instruments - Credit Losses (Topic 326).” In 2015, the FASB issued ASU No. 2015-17, “Income Taxes” Balance Sheet Classification of Deferred Taxes In August 2014, the FASB issued ASU No. 2014-15, “Presentation of Financial Statements—Going Concern ”

NATURE OF OPERATIONS, BASIS O14

NATURE OF OPERATIONS, BASIS OF PRESENTATION AND GOING CONCERN (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	May 27, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016	Dec. 11, 2015
Nature Of Operations And Basis Of Presentation [Line Items]
Common Stock, Shares, Issued		5,500,000		5,500,000		5,500,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001		$ 0.0001		$ 0.0001
Common Stock, Discount on Shares	$ 500	$ 550		$ 550		$ 550
Stock Issued During Period, Shares, New Issues	5,000,000
Stock Redeemed or Called During Period, Shares	19,500,000
Net Income (Loss) Attributable to Parent		(7,263)	$ (6,121)	(29,238)	$ (9,978)
Net Cash Provided by (Used in) Operating Activities				(6,839)	$ (2,984)
Working Capital Deficit		47,611		47,611
Retained Earnings (Accumulated Deficit)		$ (50,530)		$ (50,530)		$ (21,292)
Officers and Directors Two [Member]
Nature Of Operations And Basis Of Presentation [Line Items]
Common Stock, Shares, Issued							20,000,000
Common Stock, Par or Stated Value Per Share							$ 0.0001
Common Stock, Discount on Shares							$ 2,000
Stock Issued During Period, Shares, New Issues	20,000

SUMMARY OF SIGNIFICANT ACCOUN15

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Cash and Cash Equivalents, at Carrying Value	$ 0	$ 0	$ 0	$ 0

ACCRUED LIABILITIES (Details Te

ACCRUED LIABILITIES (Details Textual) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Accrued Liabilities [Line Items]
Accrued Professional Fees, Current	$ 29,157	$ 6,758

PAYABLE TO RELATED PARTY (Detai

PAYABLE TO RELATED PARTY (Details Textual) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Accounts Payable, Related Parties, Current	$ 18,454	$ 11,615

STOCKHOLDERS' DEFICIT (Details

STOCKHOLDERS' DEFICIT (Details Textual) - USD ($)	1 Months Ended
	May 27, 2016	Sep. 30, 2017	Dec. 31, 2016	Dec. 11, 2015
Class of Stock [Line Items]
Common Stock, Shares, Issued		5,500,000	5,500,000
Common Stock, Par or Stated Value Per Share	$ 0.0001	$ 0.0001	$ 0.0001
Common Stock, Discount on Shares	$ 500	$ 550	$ 550
Stock Redeemed or Called During Period, Shares	19,500,000
Common Stock, Shares, Outstanding		5,500,000	5,500,000
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]
Common Stock, Shares, Issued				20,000,000
Common Stock, Par or Stated Value Per Share				$ 0.0001
Common Stock, Discount on Shares				$ 2,000
Stock Issued During Period, Shares, New Issues	20,000