Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Jun. 30, 2016 | Aug. 10, 2016 | |
Document and Entity Information | ||
Entity Registrant Name | Living 3D Holdings, Inc. | |
Document Type | 10-Q | |
Document Period End Date | Jun. 30, 2016 | |
Amendment Flag | false | |
Entity Central Index Key | 93,205 | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 69,703,480 | |
Entity Filer Category | Smaller Reporting Company | |
Entity Current Reporting Status | Yes | |
Entity Voluntary Filers | No | |
Entity Well-known Seasoned Issuer | No | |
Document Fiscal Year Focus | 2,016 | |
Document Fiscal Period Focus | Q2 | |
Date of Incorporation | Jun. 23, 2008 | |
Trading Symbol | ltdh |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
Current Assets | ||
Cash and cash equivalents | $ 100 | $ 100 |
Total Current Assets | 100 | 100 |
TOTAL ASSETS | 100 | 100 |
Current Liabilities | ||
Accrued liabilities and other payables | 40,542 | 69,176 |
Due to related parties | 51,017 | 3,028 |
Total Current Liabilities | 91,559 | 72,204 |
TOTAL LIABILITIES | 91,559 | 72,204 |
SHAREHOLDERS' DEFICIT | ||
Preferred stock, $.001 par value, 10,000,000 shares authorized, no shares issued and outstanding | ||
Common stock, $.001 par value, 90,000,000 shares authorized, 69,703,480 shares issued and outstanding at June 30, 2016 and December 31, 2015 | 69,704 | 69,704 |
Additional paid-in capital | (69,604) | (69,604) |
Accumulated deficit | (91,559) | (72,204) |
TOTAL SHAREHOLDERS' DEFICIT | (91,459) | (72,104) |
TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT | $ 100 | $ 100 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2016 | Dec. 31, 2015 |
Statement of Financial Position | ||
Common Stock, par or stated value | $ 0.001 | $ 0.001 |
Common Stock, shares authorized | 90,000,000 | 90,000,000 |
Common Stock, shares issued | 69,703,480 | 69,703,480 |
Common Stock, shares outstanding | 69,703,480 | 69,703,480 |
Preferred Stock, par or stated value | $ 0.001 | $ 0.001 |
Preferred Stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred Stock, shares issued | ||
Preferred Stock, shares outstanding |
Statements of Operations
Statements of Operations - USD ($) | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015 | |
Income Statement | ||||
Revenue | $ 6,795 | |||
Cost of Revenue | 6,300 | |||
Gross Profit | 495 | |||
Operating Expenses | ||||
General and administrative expenses | $ 9,109 | $ 113,842 | $ 19,355 | 202,817 |
Total Operating Expenses | 9,109 | 113,842 | 19,355 | 202,817 |
Loss from Operations | (9,109) | (113,842) | (19,355) | (202,322) |
Other Income (Expenses) | ||||
Interest expenses | (5,422) | (10,844) | ||
Other expenses | (118) | (185) | ||
Total Other Expenses | (5,540) | (11,029) | ||
Net Loss | $ (9,109) | $ (119,382) | $ (19,355) | $ (213,351) |
Basic and Diluted Loss per Common Share | $ 0 | $ 0 | $ 0 | $ 0 |
Weighted Average Common Shares; Basic and Diluted | 69,703,480 | 69,703,480 | 69,703,480 | 69,703,480 |
Statement of Changes in Shareho
Statement of Changes in Shareholders' Deficit - 6 months ended Jun. 30, 2016 - USD ($) | Common Stock | Additional Paid-in Capital | Accumulated Deficit | Total |
Stockholders' Equity, beginning of period, Value at Dec. 31, 2015 | $ 69,704 | $ (69,604) | $ (72,204) | $ (72,104) |
Stockholders' Equity, beginning of period, Shares at Dec. 31, 2015 | 69,703,480 | |||
Net loss | (19,355) | (19,355) | ||
Stockholders' Equity, end of period, Value at Jun. 30, 2016 | $ 69,704 | $ (69,604) | $ (91,559) | $ (91,459) |
Stockholders' Equity, end of period, Shares at Jun. 30, 2016 | 69,703,480 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 6 Months Ended | |
Jun. 30, 2016 | Jun. 30, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | $ (19,355) | $ (213,351) |
Changes in operating assets and liabilities | ||
Accrued liabilities and other payables | 19,355 | 132,988 |
CASH USED IN OPERATING ACTIVITIES | (80,363) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from related parties | 78,300 | |
CASH PROVIDED BY FINANCING ACTIVITIES | 78,300 | |
NET DECREASE IN CASH AND CASH EQUIVALENTS | (2,063) | |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 100 | 3,691 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 100 | 1,628 |
NON-CASH TRANSACTIONS | ||
Operation expenses paid by the related party | 47,989 | |
Supplementary Disclosure for Cash Flow Information: | ||
Income taxes paid | ||
Interest paid |
Note 1 - Description of Busines
Note 1 - Description of Business and Organization | 6 Months Ended |
Jun. 30, 2016 | |
Notes | |
Note 1 - Description of Business and Organization | NOTE 1 - DESCRIPTION OF BUSINESS AND ORGANIZATION Living 3D Holdings Ltd ("L3D") was incorporated in the British Virgin Islands (the "BVI") on June 23, 2008. L3D operated as a globally integrated enterprise that targeted 3D technology and effective business. The Company intended to specialize in the design, development, production, sale and marketing of "auto stereoscopic 3D" technology, or Auto 3D products, services and solutions. Auto 3D means that viewers are not required to wear 3D glasses in order to experience the 3D effects of the screen, and instant switching between two dimensional, or 2D, and 3D viewing is enabled. Living 3D Holdings, Inc. (the "Company") is a Nevada corporation and the parent of L3D, its wholly owned subsidiary. The Company also intended to provide technical and support services of 3D in software development, contents production and hardware configuration to a wide range of industries, including entertainment, education, consumer electronics, medical diagnosis, scientific research and, in particular, media and advertising. The Company aimed at customizing product requirements and specifications in order to enhance the power of product displays in business advertising and special operational environments. Since our business development efforts in the 3D industry were not sufficiently mature to render us as a commercially viable player in that industry, the Company has temporarily ceased its 3D business activities. At September 30, 2015, L3D had the following wholly owned subsidiaries: Living 3D (Hong Kong) Limited, 3D Capital Holdings Inc, Columbia College Hollywood International Limited and Living 3D Technology Group Limited. L3D and its wholly owned subsidiaries are collectively referred to herein as "L3D". On November 30, 2015, Jimmy Kent-Lam Wong, the Company's then-principal shareholder, entered into a stock purchase agreement to sell 54.35% of the Company's outstanding shares, or 37,883,841 shares, of common stock, to Man Wah Stephen Yip. Simultaneously, Living 3D Holdings, Inc. entered into a shares sale and purchase agreement with Jimmy Kent-Lam Wong, pursuant to which the Company agreed to sell its entire ownership interest in L3D to Jimmy Kent-Lam Wong for a total consideration of $100 effective October 1, 2015. For the sake of clarity, this report follows the English naming convention of first name followed by last name, regardless of whether an individual's name is Chinese or English. For example, the name of our President will be presented as "Man Wah Stephen Yip," even though, in Chinese, his name would be presented as "Yip Man Wah Stephen." |
Note 2 - Summary of Significant
Note 2 - Summary of Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2016 | |
Notes | |
Note 2 - Summary of Significant Accounting Policies | NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES A. BASIS OF PRESENTATION The financial statements are prepared in accordance with generally accepted accounting principles used in the United States of America. The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report on Form 10-K filed with the SEC.. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for such interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year, 2015, as reported in the Form 10-K for the fiscal year ended December 31, 2015, have been omitted. B. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Management believes that none of the recently adopted accounting pronouncements will have a material effect on the Company's financial position, results of operations, or cash flows. |
Note 3 - Going Concern
Note 3 - Going Concern | 6 Months Ended |
Jun. 30, 2016 | |
Notes | |
Note 3 - Going Concern | NOTE 3 GOING CONCERN The Company first generated revenue in 2010 and is still in the early stages of establishing a market for the products it sells. The Company has a working capital deficit of $91,459 as of June 30, 2016 and did not generate any cash flows from operations for the six months ended June 30, 2016. The Company's operations are primarily funded by its Chief Executive Officer ("CEO") and principal shareholder. The Company will have to raise additional capital, including through the sale of equity securities, to support its future operations and expansion. These conditions and uncertainties raise substantial doubt as to the Company's ability to continue as a going concern. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
Note 4 - Related Party Transact
Note 4 - Related Party Transactions | 6 Months Ended |
Jun. 30, 2016 | |
Notes | |
Note 4 - Related Party Transactions | NOTE 4 RELATED PARTY TRANSACTIONS The related party consists of the following: Man Wah Stephen Yip, the Company's CEO, a director and principal shareholder; Due to Related Party Due to related party consists of the following: June 30, 2016 December 31,2015 Man Wah Stephen Yip $51,017 $3,028 Total $51,017 $3,028 The amounts due to related party represent expenses paid by the related party to support the Company's operations. They are unsecured, bear no interest and are repayable on demand. Office Furnished by Related Party The Company's executive office in Hong Kong consists of approximately 400 square feet located at Room S, 2/F, Block D East Sun Industrial Center, 16 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong. This office is furnished to the Company by the CEO at no charge. |
Note 2 - Summary of Significa11
Note 2 - Summary of Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2016 | |
Policies | |
A. Basis of Presentation | A. BASIS OF PRESENTATION The financial statements are prepared in accordance with generally accepted accounting principles used in the United States of America. The accompanying unaudited interim financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's latest Annual Report on Form 10-K filed with the SEC.. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the results of operations for the interim periods presented have been reflected herein. The results of operations for such interim periods are not necessarily indicative of operations for the full year. Notes to the financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the most recent fiscal year, 2015, as reported in the Form 10-K for the fiscal year ended December 31, 2015, have been omitted. |
B. Recently Issued Accounting Pronouncements | B. RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS Management believes that none of the recently adopted accounting pronouncements will have a material effect on the Company's financial position, results of operations, or cash flows. |
Note 4 - Related Party Transa12
Note 4 - Related Party Transactions (Tables) | 6 Months Ended |
Jun. 30, 2016 | |
Tables/Schedules | |
Due To Related Party | Due to Related Party Due to related party consists of the following: June 30, 2016 December 31,2015 Man Wah Stephen Yip $51,017 $3,028 Total $51,017 $3,028 The amounts due to related party represent expenses paid by the related party to support the Company's operations. They are unsecured, bear no interest and are repayable on demand. |
Note 1 - Description of Busin13
Note 1 - Description of Business and Organization (Details) - USD ($) | 3 Months Ended | 6 Months Ended | |
Dec. 31, 2015 | Jun. 30, 2016 | Nov. 30, 2015 | |
Date of Incorporation | Jun. 23, 2008 | ||
Shares sold on Stock Purchase Agreement | 37,883,841 | ||
Jimmy Kent-Lam Wong | L3D | |||
Consideration for shares sold | $ 100 | ||
Jimmy Kent-Lam Wong | Common Stock | |||
Change in the control of the company | 54.35% |
Note 3 - Going Concern (Details
Note 3 - Going Concern (Details) | Jun. 30, 2016USD ($) |
Details | |
Working Capital Deficit | $ (91,459) |
Note 4 - Related Party Transa15
Note 4 - Related Party Transactions: Due To Related Party (Details) - USD ($) | Jun. 30, 2016 | Dec. 31, 2015 |
Due to related parties | $ 51,017 | $ 3,028 |
Man Wah Stephen Yip | ||
Due to related parties | $ 51,017 | $ 3,028 |
Note 4 - Related Party Transa16
Note 4 - Related Party Transactions (Details) | 6 Months Ended |
Jun. 30, 2016USD ($)ft² | |
Executive office | ft² | 400 |
Man Wah Stephen Yip | |
Rent expense | $ | $ 0 |