10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

Amendment No. 1

(Mark One)

  X .QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2014

OR

 .TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _________ to _________

Commission file number 00054146

LED LIGHTING COMPANY

(Exact Name of Registrant as Specified in its Charter)

Delaware	46-3457679
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

2090 Novato Blvd., Novato, California 94947

(Address of principal executive offices) (zip code)

(415) 526-3193

(Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes  X . No .

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer	.	Accelerated filer	.
Non-accelerated filer	. (Do not check if a smaller reporting company)	Smaller reporting company	X .

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes . No  X .

Indicate the number of shares outstanding of each of the issuer's classes of stock, as of the latest practicable date.

Class	Outstanding at November 19, 2014
Common Stock, par value $0.0001	8,668,629

EXPLANATORY NOTE

The purpose of this Amendment No. 1 to the Quarterly Report of LED Lighting Company (the “Company”) on Form 10-Q for the period ended September 30, 2014, filed with the Securities and Exchange Commission on November 19, 2014 (the “Form 10-Q”), is to furnish Exhibit 101 to the Form 10-Q in accordance with Rule 405 of Regulation S-T.  Exhibit 101 to this report provides the financial statements and related notes from the Form 10-Q formatted in XBRL (eXtensible Business Reporting Language).

Other than the aforementioned, no other changes have been made to the Form 10-Q.  This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the interactive data files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

2

PART II—OTHER INFORMATION

ITEM 6. EXHIBITS

(a)

Exhibits

31*

Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32*

Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101**

XBRL (eXtensible Business Reporting Language)

* Incorporated by reference to the Company’s Form 10-Q filed with the SEC on November 19, 2014.

** Filed herewith

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

LED LIGHTING COMPANY

Dated: November 20, 2014

By: /s/ Kevin Kearney

President and Chief Financial Officer

3

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Warrants transactions (Details) (USD $)	Jul. 02, 2014	Mar. 31, 2014	May 28, 2013
Warrants transactions
Company issued three-year warrants to purchase up to shares of common stock	1,255,295	363,333	3,330,000
Exercise price per share	$ 1.00	$ 1.00	$ 1.00

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Notes Payable (Details) (USD $)	Apr. 30, 2014	Dec. 31, 2013
Notes payable details
Company issued an unsecured and non-interest bearing note payable for an amount of	$ 20,000
Company issued an unsecured interest bearing note payable		$ 70,000
Rate of interest per annum on note payable	10.00%

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LOAN RECEIVABLE

9 Months Ended

Sep. 30, 2014

LOAN RECEIVABLE

LOAN RECEIVABLE

NOTE 4 – LOAN RECEIVABLE

Loan receivable amounted to $84,000 as of September 30, 2014 and December 31, 2013, and consists of an advance of $70,000 made to Polybrite International, Inc. (Polybrite) for marketing expenses and fees of $14,000 earned related to the December 2013 Purchase Order Financing and Distribution Agreement that was entered into with Polybrite. The Company is a sales representative of Polybrite’s LED products.

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Common stock Consulting agreements (Details) (USD $)	Jul. 02, 2014	Jun. 12, 2014	Mar. 17, 2014	Dec. 10, 2013	Oct. 17, 2013
Common stock Consulting agreements
Company entered into a Consulting Agreement and issued shares	1,255,295	40,000	300,000	500,000
Price per share used in the most recent equity sale transaction considered for this issue	$ 0.75	$ 0.75	$ 0.75
Value of the shares issued under Consulting Agreement	$ 941,471	$ 30,000	$ 225,000
Monthly consulting fee paid under Consulting Agreement				5,000
Common stock issued to purchase warrants under Consulting Agreement	1,255,295
Price per share of Common stock issued to purchase warrants under Consulting Agreement	$ 1.00
Value of Common stock issued to purchase warrants under Consulting Agreement	$ 89,113
Company issued shares of Company common stock to each of members of legal counsel					500,000

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Common stock subscription agreements (Details) (USD $)	Jun. 30, 2014	May 28, 2014
Common stock subscription agreements
Company entered into subscription agreements with 11 accredited investors and agreed to issue a total of shares of common stock		2,800,000
Shares of common stock issued at a price per share		$ 0.10
Company issued three-year warrants to purchase shares of common stock to 11 accredited investors		2,800,000
Shares of common stock issued for three-year warrants at a price per share		$ 1.00
Cash proceeds of shares issued for three-year warrants		$ 280,000
Company entered into subscription agreement with its outside legal counsel and agreed to issue a total of shares of common stock		250,000
Company issued three-year warrants to purchase shares of common stock to legal counsel		250,000
Cash proceeds of shares issued for three-year warrants to legal counsel		25,000
Company entered into subscription agreements with an accredited investor and agreed to issue shares of common stock		250,000
Company issued three-year warrants to purchase shares of common stock to an an accredited investor		250,000
Company entered into subscription agreements with 13 accredited investors and agreed to issue a total of shares of common stock		2,850,000
Company issued three-year warrants to purchase shares of common stock to 13 accredited investors		2,850,000
Cash proceeds of shares issued for three-year warrants to13 accredited investors		285,000
Company entered into subscription agreements with 6 accredited investors and agreed to issue a total of shares of common stock	363,333
Company issued three-year warrants to purchase shares of common stock to 6 accredited investors	363,333
Cash proceeds of shares issued for three-year warrants to 6 accredited investors	$ 235,000

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A summary of warrant activity is as follows (Details)	Options	Weighted-Average Exercise Price	Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value
Outstanding at Dec. 31, 2013	3,850,000	1.00	2.42	0
Granted	1,618,628	1.00	1.97	0
Exercised				0
Forfeited or expired				0
Exercisable at Sep. 30, 2014	5,468,628	1.00	1.97	0
Outstanding , at Sep. 30, 2014	5,468,628	1.00	1.34	0

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Stock Options 2013 Equity Incentive Plan transactions (Details)	Oct. 17, 2013	May 28, 2013
Stock Options transactions
Total of shares of common stock reserved for awards under the 2013 Plan.		1,500,000
Company issued options to purchase Common Stock under its 2013 Equity Incentive Plan	100,000

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RECENT ACCOUNTING PRONOUNCEMENTS

9 Months Ended

Sep. 30, 2014

RECENT ACCOUNTING PRONOUNCEMENTS

RECENT ACCOUNTING PRONOUNCEMENTS

NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS

Adopted

In February 2013, Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-04, Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation is Fixed at the Reporting Date. The objective of the amendments in this update is to provide guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date, except for those obligations addressed within existing guidance in U.S. GAAP. The amendment requires an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of this guidance is fixed at the reporting date as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and an additional amount the reporting entity expects to pay on behalf of its co-obligors. The entity is required to disclose the nature and amount of the obligation as well as other information about those obligations. The Company adopted this ASU as of January 1, 2014. This adoption did not have an effect on our financial statements.

On July 18, 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit when a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. Topic 740 does not include explicit guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The objective of the amendments in this update is to eliminate that diversity in practice. The Company adopted this ASU as of January 1, 2014. This ASU did not have an effect on our financial statements.

On June 10, 2014, the Financial Accounting Standards Board issued Accounting Standards Update (ASU) No. 2014-10, Development Stage Entities (Topic 915) – Elimination of Certain Financial Reporting Requirements, Including an Amendment to Variable Interest Entities Guidance in Topic 810, Consolidation, which eliminates the concept of a development stage entity (DSE) its entirety from current accounting guidance. We have elected early adoption of this standard, which eliminates the designation of DSEs and the requirement to disclose results of operations and cash flows since inception.

Not Adopted

In April 2014, the FASB issued ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity to reduce diversity in practice for reporting discontinued operations. Under the previous guidance, any component of an entity that was a reportable segment, an operating segment, a reporting unit, a subsidiary, or an asset group was eligible for discontinued operations presentation. The revised guidance only allows disposals of components of an entity that represent a strategic shift (e.g., disposal of a major geographical area, a major line of business, a major equity method investment, or other major parts of an entity) and that have a major effect on a reporting entity’s operations and financial results to be reported as discontinued operations. The revised guidance also requires expanded disclosure in the financial statements for discontinued operations as well as for disposals of significant components of an entity that do not qualify for discontinued operations presentation. The updated guidance is effective for periods beginning after December 15, 2014. The Company currently has operations that are reported as discontinued operations and does not expect the adoption of this guidance to have a material effect on its financial position, results of operations, or cash flows.

We have evaluated the recent accounting pronouncements through ASU 2014-12 and believe that none of them will have a material effect on our financial statements.

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Stock Options valuation assumptions (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Stock Options valuation assumptions
Stock Options Expected volatility	45.00%
Stock Options Expected term in years	1
Stock Options Risk free rate	0.13%
The estimated fair value of options granted	$ 0

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CONDENSED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Current Assets
Cash	$ 19,554	$ 194
Prepaid and other current assets	47,096
Loan receivable	84,000	84,000
TOTAL ASSETS	150,650	84,194
Current Liabilities
Accounts payable & accrued expenses	219,321	250,104
Convertible promissory notes, net	21,612	15,000
Note payable	90,000	70,000
Total Liabilities	330,933	335,104
Stockholders' Deficit
Preferred stock, $0.0001 par value, 20,000,000 shares authorized; no shares issued and outstanding as of September 30, 2014and December 31, 2014, respectively	0
Common stock, $0.0001 par value, 100,000,000 shares authorized; 8,668,628 and 6,450,000 shares issued and outstanding as of September 30, 2014 and December 31, 2013, respectively	867	645
Additional paid-in capital	2,350,515	550,319
Accumulated deficit	(2,531,665)	(801,874)
Total Stockholders' Deficit	(180,283)	(250,910)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 150,650	$ 84,194

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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2014

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 1 – NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NATURE OF OPERATIONS

LED LIGHTING COMPANY ("the Company"), formerly known as Fun Media World, Inc., was incorporated under the name of Pinewood Acquisition Corporation under the laws of the State of Delaware on July 19, 2010 and was originally formed to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions.

On May 28, 2013, the Company’s board of directors and stockholders approved an amendment to the Company’s Certificate of Formation to change its corporate name to “LED Lighting Company”, and the amendment was filed with the Secretary of State of the State of Delaware on May 30, 2013. On May 28, 2013, new officers and directors were appointed and elected and the prior officers and directors resigned, resulting in the change of control of the Company.

The LED Lighting Company plans to supply LED (light-emitting diode) light bulbs and light fixtures to the commercial, industrial and consumer/retail markets. All of our products are tested and listed by UL Underwriters Laboratories (UL) or Electrical Testing Laboratories (ETL). Additionally, all products to be supplied will be tested and in compliance with industry standards such as those set up by Energy Star, and the Illuminating Engineering Society of North America (IESNA).

Effective as of October 12, 2013, the Company entered into an Agreement and amendment (the “Agreement”) with Goeken Group Corp. and its wholly-owned subsidiary, PolyBrite, pursuant to which the Company and PolyBrite agreed to work together to secure funding for PolyBrite, retain the management consulting services of the Catalyst Acquisition Group LLC, and complete a transaction in which PolyBrite will become a publicly traded company through an acquisition with the Company. The completion of the transactions described in the Agreement are subject to numerous conditions, many of which are outside of the control of the Company, and the Company cannot provide any assurances as to when the transactions may be completed, if at all.

PolyBrite is an innovative global lighting technology company that develops state of the art LED lighting systems. PolyBrite’s proprietary technology is intended to bring the energy, environmental and economic advantages of LED technology to the marketplace. PolyBrite engineers and manufactures solid-state lighting products, creating lamps and lighting systems under its Borealis Lighting brand, lighted/safety pet products under PolyBrite Lighted Pet Products brand and industrial/commercial safety products under PolyBrite Lighted Safety Products brand. Additional information regarding PolyBrite may be found on their company website at www.polybrite.com.

BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) for interim financial information. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. The unaudited accompanying condensed financial statements include all adjustments, composed of normal recurring adjustments, considered necessary by management to fairly state our results of operations, financial position and cash flows. The operating results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. These unaudited financial statements should be read in conjunction with the condensed financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013 (2013 Form 10-K) as filed with the SEC.

In the quarter ending June 30, 2014, the Company has elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage.

USE OF ESTIMATES

The preparation of 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 financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

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 September 30, 2014 and December 31, 2013.

REVENUE RECOGNITION

We recognize revenue for our services when each of the following four criteria are met: persuasive evidence of an arrangement exists; delivery has occurred or services have been rendered; the seller’s price to the buyer is fixed or determinable; and collectability is reasonably assured.

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 basis.

Due to our history of losses since inception, there is not enough evidence at this time to support that we will generate future income of a sufficient amount and nature to utilize the benefits of its net deferred tax assets. Accordingly, the deferred tax assets have been reduced by a valuation allowance, since it has been determined that it is more likely than not that all of the deferred tax assets will not be realized. Therefore, no federal or state income taxes are expected and none have been recorded as of September 30, 2014. Income taxes have been accounted for using the liability method.

LOSS PER COMMON SHARE

Basic loss per common shares 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 reflects 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 September 30, 2014 and December 31, 2013 there were 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 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 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 level in the fair value hierarchy within which a fair measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety.

The carrying amounts of financial assets and liabilities, such as cash and accrued liabilities, approximate their fair values because of the short maturity of these instruments.

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Black-Scholes-Merton valuation model assumptions (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Black-Scholes-Merton valuation model assumptions
Expected volatility	0.0000
Expected term in years	1
Risk free rate	0.0000
The estimated fair value ofWarrants granted	$ 31,541
Expected dividend yield	0.00%

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Related party agreements (Details) (USD $)	Aug. 31, 2014	Dec. 10, 2013	Oct. 17, 2013
Related party agreements
Employment Agreement with Kevin Kearney, its Chief Executive Officer for an annual compensation			$ 120,000
Accrued compensaton on employment agreement	100,000
Consulting Agreement with George Mainas a stockholder, monthly payment requred			10,000
The Company accrued related to this agreement	110,000
Consulting Agreement with J. Thomas Hannan providing for certain consulting services ,monthly payment requred	50,000	5,000
Debt Conversion Agreements resulted in the conversion of an aggregate amount	$ 260,000
Per share value of common stock	$ 1.00
Debt Conversion Agreements resulted in the conversion into shares of common stock	260,000

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Subsequent events (Details) (USD $)	Nov. 06, 2014	Oct. 22, 2014
Issuance of share details
Company issued restricted common stock to Wolff		50,000
Wolff pursuant to which he may purchase up to shares of Company common stock		150,000
Per share value of shares issued to Wolff		$ 1.00
Company issued a convertible promissory note	$ 50,000
Interest rate per annum on promissory note	10.00%
Fixed Conversion price on promissory note	$ 0.10

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Amortization Of Debt Discount (Details) (USD $)	3 Months Ended
	Sep. 30, 2014
Amortization Of Debt Discount
Amortization of debt discount of promissory notes on July1, 2014	$ 1,083
Amortization of debt discount of notes issued in July 2014	1,625
Amortization of debt discount of notes issued in August 2014	$ 1,444

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GOING CONCERN

9 Months Ended

Sep. 30, 2014

GOING CONCERN

GOING CONCERN

NOTE 2 – GOING CONCERN

The Company has sustained operating losses and has an accumulated deficit of $2,531,665 since inception of the Company on July 19, 2010 through September 30, 2014. The Company's continuation as a going concern is dependent on its ability to generate sufficient cash flows from operations to meet its obligations, which it has not been able to accomplish to date, and/or obtain additional financing from its stockholders and/or other third parties.

These unaudited condensed financial statements have been prepared on a going concern basis, which implies the Company will continue to meet its obligations and continue its operations for the next fiscal year. The continuation of the Company as a going concern is dependent upon financial support from its stockholders, the ability of the Company to obtain necessary equity financing to continue operations, successfully locating and negotiate with a business entity for the combination of that target company with the Company.The management of the Company plans to use their personal funds or seek equity or debt financing to pay all expenses incurred by the Company in 2014. There is no assurance that the Company will ever be profitable. The 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.

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CONDENSED BALANCE SHEETS PARENTHETICALS (USD $)	Sep. 30, 2014	Dec. 31, 2013
Balance Sheets Parentheticals
Preferred Stock par value	$ 0.0001	$ 0.0001
Preferred Stock Shares authorized	20,000,000	20,000,000
Common Stock Par Value	$ 0.0001	$ 0.0001
Common Stock Shares authorized	100,000,000	100,000,000
Common Stock Shares issued	8,668,628	6,450,000
Common Stock Shares outstanding	8,668,628	6,450,000

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Accounts payable and accrued expenses (TABLE)

9 Months Ended

Sep. 30, 2014

Accounts payable and accrued expenses (TABLE):

Accounts payable and accrued expenses (TABLE)

Accounts payable and accrued expenses consist of the following as of September 30, 2014 and December 31, 2013:

	September 30,		December 31,
	2014		2013
Accounts payable	$	216,822	$	126,104
Payroll related liabilities		-		110,000
Other current liabilities		2,500		14,000
	$	219,322	$	250,104

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Document and Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 19, 2014
Document and Entity Information:
Entity Registrant Name	LED Lighting Co
Document Type	10-Q
Document Period End Date	Sep. 30, 2014
Amendment Flag	false
Entity Central Index Key	0001502659
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		8,668,629
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	2014
Document Fiscal Period Focus	Q3

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A summary of warrant activity is as follows:(TABLE)

9 Months Ended

Sep. 30, 2014

A summary of warrant activity is as follows:(TABLE):

A summary of warrant activity is as follows:(TABLE)

A summary of warrant activity is as follows:

	Options	Weighted-Average Exercise Price		Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2013	3,850,000	$	1.00		2.42	$	-
Granted	1,618,628		1.00		1.97		-
Exercised	-		-		-		-
Forfeited or expired	-		-		-		-
Outstanding at September 30, 2014	5,468,628	$	1.00		1.34	$	-
Exercisable at September 30, 2014	5,468,628	$	1.00		1.97	$	-

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CONDENSED STATEMENTS OF OPERATIONS (unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Revenue
Revenue	$ 20,000		$ 20,000
Cost of revenue	20,000		20,000
Gross profit	0
Stock based compensation	89,113	167	344,447	167
Consulting expense	991,471	79,294	1,166,471	268,127
Operating expenses	18,648	40,706	222,975	146,083
Loss before other income	(1,099,232)	(120,167)	(1,733,893)	(414,377)
Interest expense	(4,611)		(4,611)
Other income	5,000		8,713
Total other income	389		4,102
Loss before income taxes	(1,098,843)	(120,167)	(1,729,791)	(414,377)
Income tax expense	0
Net loss	$ (1,098,843)	$ (120,167)	$ (1,729,791)	$ (414,377)
Loss per share - basic and diluted	$ (0.13)	$ (0.03)	$ (0.23)	$ (0.03)
Weighted average shares - basic and diluted	8,362,132	4,400,000	7,387,275	12,857,143

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NOTE PAYABLE

9 Months Ended

Sep. 30, 2014

NOTE PAYABLE:

NOTE PAYABLE

NOTE 7 – NOTE PAYABLE

In December 2013, the Company issued an unsecured and non-interest bearing note payable for an amount of $70,000. The note payable is due on demand.

In April 2014, the Company issued an unsecured, 10% bearing note payable to Molasky, a consultant for an amount of $20,000. The note payable is due on demand.

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CONVERTIBLE PROMISSORY NOTES

9 Months Ended

Sep. 30, 2014

CONVERTIBLE PROMISSORY NOTES:

CONVERTIBLE PROMISSORY NOTES

NOTE 6 – CONVERTIBLE PROMISSORY NOTES, NET

Effective November 7, 2013, the Company entered into two Secured Convertible Promissory Notes with two investors in the aggregate amount of $15,000. The notes accrue interest at 10% per annum and are due and payable in one year. The note holders may convert all principal and interest outstanding under the notes into shares of Company common stock at the conversion price of $0.10 per share, and receive, upon conversion, an equal number of warrants to purchase shares of Company common stock at a $1.00 exercise price for a term of 3 years, with cashless exercise provision.

On July 1, 2014, the Company entered into a Convertible Promissory Note with an investor in the aggregate amount of $5,000, the Company recorded a $1,000 of issuance discount upon issuance and net proceeds were $4,000. The note accrues interest at 10% per annum and is due and payable in one year. The note holder may convert all principal and interest outstanding under the notes into shares of Company common stock at the conversion price of $0.10 per share. Additionally, the Company recorded a beneficial conversion feature on the date of issuance equals to the intrinsic value of $4,333 and was recorded as a debt discount which will amortized over the term of the note. During the quarter ended September 30, 2014, amortization of debt discount amounted to $1,083.

In July 2014, the Company entered into four Convertible Promissory Notes with officers and directors of the Company in the aggregate amount of $7,500. The notes accrue interest at 10% per annum and are due and payable in one year. The note holders may convert all principal and interest outstanding under the notes into shares of Company common stock at the conversion price of $0.10 per share. Additionally, the Company recorded a beneficial conversion feature on the date of issuance equals to the intrinsic value of $6,500 and was recorded as a debt discount which will amortized over the term of the note. During the quarter ended September 30, 2014, amortization of debt discount amounted to $1,625.

In August 2014, the Company entered into four Convertible Promissory Notes with officers and directors of the Company in the aggregate amount of $10,000. The notes accrue interest at 10% per annum and are due and payable in one year. The note holders may convert all principal and interest outstanding under the notes into shares of Company common stock at the conversion price of $0.10 per share. Additionally, the Company recorded a beneficial conversion feature on the date of issuance equals to the intrinsic value of $8,667 and was recorded as a debt discount which will amortized over the term of the note. During the quarter ended September 30, 2014, amortization of debt discount amounted to $1,444.

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Secured Convertible Promissory Notes (Details) (USD $)	Aug. 31, 2014	Jul. 31, 2014	Jul. 02, 2014	Mar. 31, 2014	Nov. 07, 2013	May 28, 2013
Secured Convertible Promissory Notes
Secured Convertible Promissory Notes with two investors in the aggregate amount	$ 10,000	$ 7,500	$ 5,000		$ 15,000
The notes accrue interest per annum at a rate	10.00%	10.00%	10.00%		10.00%
Conversion price per share	$ 0.10	$ 0.10	$ 0.10		$ 0.10
Exercise price per share				$ 1.00		$ 1.00
Issuance discount upon issuance			1,000
Net proceeds of note			4,000
Company recorded a beneficial conversion feature on the date of issuance equals to the intrinsic value	$ 8,667	$ 6,500	$ 4,333

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GOING CONCERN (Details) (USD $)	Sep. 30, 2014
GOING CONCERN DETAILS
Operating losses and an accumulated deficit	$ 2,531,665

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SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2014

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 10 – SUBSEQUENT EVENTS

On October 22, 2014, the Company entered into settlement and general release agreement with Mark Wolff (“Wolff”), whereby the parties agreed to terminate the June 1, 2013 consulting warrant agreement between Wolff and the Company, in return the Company agreed to issue Wolff 50,000 restricted common stock and a warrant to purchase up to 150,000 Company common stock at an exercise price of $1.00.

On November 6, 2014, the Company entered a convertible promissory note for an amount of $50,000, bear interest at 10% per annum and due on March 1, 2015. Outstanding principal and interest under the note are convertible at any time during the term of the note at a fixed conversion price of $0.10.

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STOCKHOLDERS' DEFICIT

9 Months Ended

Sep. 30, 2014

STOCKHOLDERS' DEFICIT

STOCKHOLDERS' DEFICIT

NOTE 8 – STOCKHOLDERS' EQUITY

The Company is authorized to issue 100,000,000 shares of common stock and 20,000,000 shares of preferred stock. As of September 30, 2014, there are 8,668,628 shares of common stock issued and outstanding and none of preferred stock.

On March 2, 2012, Mr. Yanshi (Steven) Chen, the owner of 17,000,000 shares of the Company’s common stock, and DEP Group (a BVI corporation), the owner of 2,500,000 shares of the Company's common stock, transferred all such shares aggregating 19,500,000 shares of the outstanding 20,000,000 shares (97.5%) of the Company's common stock to Joseph Merhi for an aggregate purchase price of $95,000.

On May 28, 2013, the Company entered into a Share Cancellation Agreement with the then 3 existing stockholders of the Company pursuant to which the stockholders agreed to collectively cancel 18,900,000 of their issued and outstanding shares resulting in 1,100,000 shares issued and outstanding among the 3 stockholders. One of the 3 existing stockholders is Joseph Merhi, who is also a director of the Company.

Effective May 28, 2013, the Company entered into subscription agreements with 11 accredited investors pursuant to which the Company agreed to issue a total of 2,800,000 shares of common stock at $.10 per share, and three-year warrants to purchase up to 2,800,000 shares of common stock at $1.00 per share, in exchange for cash proceeds totaling $280,000. On May 28, 2013, the Company entered into subscription agreement with its outside legal counsel pursuant to which the Company agreed to issue a total of 250,000 shares of common stock at $.10 per share, and three-year warrants to purchase up to 250,000 shares of common stock at $1.00 per share, to settle legal service expenses amounted to $25,000. The Company also entered subscription agreement with an accredited investor pursuant to which the Company issued a total of 250,000 shares of common stock at $.10 per share, and three-year warrants to purchase up to 250,000 shares of common stock at $1.00 per share, to settle expenses that investor paid on behalf of the Company.

On May 28, 2013, the Company entered into subscription agreement with its outside legal counsel pursuant to which the Company agreed to issue a total of 250,000 shares of common stock at $0.10 per share, and three-year warrants to purchase up to 250,000 shares of common stock at $1.00 per share, to settle legal service expenses amounted to $25,000. The Company also entered subscription agreement with an accredited investor pursuant to which the Company issued a total of 250,000 shares of common stock at $0.10 per share, and three-year warrants to purchase up to 250,000 shares of common stock at $1.00 per share, to settle expenses that investor paid on behalf of the Company.

During the period from May 28, 2013 to December 31, 2013, the Company entered into subscription agreements with 13 accredited investors pursuant to which the Company agreed to issue a total of 2,850,000 shares of common stock at $0.10 per share, and three-year warrants to purchase up to 2,850,000 shares of common stock at $1.00 per share, in exchange for cash proceeds totaling $285,000.

Effective October 17, 2013, the Company issued 500,000 shares of Company common stock to each of Kevin Kearney, George Mainas and Steven J. Davis, the Company’s legal counsel, in consideration for services provided to the Company without payment of cash compensation, and for their efforts in negotiating and securing the agreement with Goeken Group Corp. and PolyBrite International, Inc.

On December 10, 2013, the Company entered into a Consulting Agreement with J. Thomas Hannan providing for certain consulting services from him in consideration for a monthly consulting fee of $5,000 dollars and the issuance of 500,000 shares of Company common stock.

Between January 17, 2014 and June 30, 2014 the Company agreed to issue to 6 accredited investors a total of 363,333 shares of Common Stock and 363,333 warrants to purchase shares of Common Stock at an exercise price of $1.00 with a 3 year term, resulting in proceeds to the Company of $235,000.

On March 17, 2014, the Company entered into a consulting agreement with Gary Rockis for certain sales and business related consulting services in consideration for the issuance of 300,000 shares of Company common stock. The shares were valued at $225,000 using the price per share used in the most recent equity sale transaction of $0.75.

On June 12, 2014, and in connection with Gary Rockis consulting agreement mentioned above, the Company issued additional 40,000 shares of Company common stock as a bonus payment. The shares were valued at $30,000 using the price per share used in the most recent equity sale transaction of $0.75.

Effective and vested on July 1, 2014, the Company entered into a consulting agreement with Andrew Molasky for his provision of certain business consulting services to the Company. The consulting agreement provides for the Company’s issuance of 1,255,295 shares of Company common stock to Mr. Molasky in consideration for his services. The shares were valued using the price per share used in the most recent equity sale transaction of $0.75 for a total value of $941,471 which was recorded as consulting fees. In connection with the consulting agreement, the Company also issued a common stock purchase warrant to Mr. Molasky pursuant to which he may purchase up to 1,255,295 shares of Company common stock at $1.00 per share for up to three years. The warrants were valued on the date of issuance using the Black-Scholes valuation model at $89,113 and were recorded as stock based compensation.

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STOCK BASED COMPENSATION

9 Months Ended

Sep. 30, 2014

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION

NOTE 9 – STOCK BASED COMPENSATION

Generally, all forms of share-based payments, including stock option grants, restricted stock grants and stock appreciation rights are measured at their fair value on the awards’ grant date, based on the estimated number of awards that are ultimately expected to vest. Share-based compensation awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The expenses resulting from share-based payments are recorded in operating expenses in the statement of operations.

Stock Options

On May 28, 2013, the Company’s board of directors and stockholders approved the adoption of the LED Lighting Company 2013 Equity Incentive Plan (the “2013 Plan”). The 2013 Plan is intended to aid the Company in recruiting and retaining key employees, directors or consultants and to motivate them by providing incentives through the granting of awards of stock options or other stock based awards. The 2013 Plan is administered by the board of directors. Directors, officers, employees and consultants of the Company and its affiliates are eligible to participate under the 2013 Plan. A total of 1,500,000 shares of common stock have been reserved for awards under the 2013 Plan.

Effective October 17, 2013, the Company issued 100,000 options to purchase Common Stock under its 2013 Equity Incentive Plan to each of three consultants in consideration for services provided to the Company. The options have an exercise price of $1.00 per share and may be exercised for a period of two years from the date of issuance.

There were no stock options granted during the nine month ended September 30, 2014. For the year ended December 31, 2013, the fair value of each option award is estimated on the date of grant using the Black-Scholes option valuation model that uses the following assumptions: expected volatility 45%, expected term of 1 year and risk free rate of 0.13%. Expected volatilities are based on historical volatilities of the comparable publicly traded companies. The Company uses historical data to estimate option exercise and employee termination within the valuation model. The expected term of options granted is derived from estimates and represents the period of time that options granted are expected to be outstanding. The risk-free rate for periods within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant. The estimated fair value of options granted in 2013 was $0.

Warrants

On May 28, 2013 and in connection with the subscription agreement mentioned above, the Company issued three-year warrants to purchase up to 3,330,000 shares of common stock at an exercise price of $1.00 per share.

During the period from January 17 to March 31, 2014 and in connection with the subscription agreement mentioned above, the Company issued three-year warrants to purchase up to 363,333 shares of common stock at an exercise price of $1.00 per share.

Since the warrants were issued in connection with a private placement and sale of Company’s common stock, there were no accounting impact related to the issuance of warrants on the accompanying condensed financial statements Additionally, the associated warrants were valued using the Black-Scholes-Merton valuation model with the following assumptions: risk free interest rates of 0.13% - 0.14%, dividend yield of 0%, volatility factors of the expected market price of similar common stock of 45% - 103%, and an expected life of 1 year. The aggregate fair value of the warrants on grant date was $31,541.

Effective July 1, 2014, and in connection with the consulting agreement with Andrew Molasky mentioned under Note 8 above, the Company issued a common stock purchase warrant to Mr. Molasky pursuant to which he may purchase up to 1,255,295 shares of Company common stock at $1.00 per share for up to three years. The associated warrants were valued using the Black-Scholes-Merton valuation model with the following assumptions: risk free interest rates of 0.11%, dividend yield of 0%, volatility factors of the expected market price of similar common stock of 49%, and an expected life of 1 year. The aggregate fair value of the warrants on grant date was $89,113.

A summary of warrant activity is as follows:

	Options	Weighted-Average Exercise Price		Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2013	3,850,000	$	1.00		2.42	$	-
Granted	1,618,628		1.00		1.97		-
Exercised	-		-		-		-
Forfeited or expired	-		-		-		-
Outstanding at September 30, 2014	5,468,628	$	1.00		1.34	$	-
Exercisable at September 30, 2014	5,468,628	$	1.00		1.97	$	-

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Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2014

ACCOUNTING POLICIES

NATURE OF OPERATIONS

NATURE OF OPERATIONS

LED LIGHTING COMPANY ("the Company"), formerly known as Fun Media World, Inc., was incorporated under the name of Pinewood Acquisition Corporation under the laws of the State of Delaware on July 19, 2010 and was originally formed to engage in any lawful corporate undertaking, including, but not limited to, selected mergers and acquisitions.

On May 28, 2013, the Company’s board of directors and stockholders approved an amendment to the Company’s Certificate of Formation to change its corporate name to “LED Lighting Company”, and the amendment was filed with the Secretary of State of the State of Delaware on May 30, 2013. On May 28, 2013, new officers and directors were appointed and elected and the prior officers and directors resigned, resulting in the change of control of the Company.

The LED Lighting Company plans to supply LED (light-emitting diode) light bulbs and light fixtures to the commercial, industrial and consumer/retail markets. All of our products are tested and listed by UL Underwriters Laboratories (UL) or Electrical Testing Laboratories (ETL). Additionally, all products to be supplied will be tested and in compliance with industry standards such as those set up by Energy Star, and the Illuminating Engineering Society of North America (IESNA).

Effective as of October 12, 2013, the Company entered into an Agreement and amendment (the “Agreement”) with Goeken Group Corp. and its wholly-owned subsidiary, PolyBrite, pursuant to which the Company and PolyBrite agreed to work together to secure funding for PolyBrite, retain the management consulting services of the Catalyst Acquisition Group LLC, and complete a transaction in which PolyBrite will become a publicly traded company through an acquisition with the Company. The completion of the transactions described in the Agreement are subject to numerous conditions, many of which are outside of the control of the Company, and the Company cannot provide any assurances as to when the transactions may be completed, if at all.

PolyBrite is an innovative global lighting technology company that develops state of the art LED lighting systems. PolyBrite’s proprietary technology is intended to bring the energy, environmental and economic advantages of LED technology to the marketplace. PolyBrite engineers and manufactures solid-state lighting products, creating lamps and lighting systems under its Borealis Lighting brand, lighted/safety pet products under PolyBrite Lighted Pet Products brand and industrial/commercial safety products under PolyBrite Lighted Safety Products brand. Additional information regarding PolyBrite may be found on their company website at www.polybrite.com

BASIS OF PRESENTATION

BASIS OF PRESENTATION

The accompanying unaudited condensed financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) for interim financial information. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. The unaudited accompanying condensed financial statements include all adjustments, composed of normal recurring adjustments, considered necessary by management to fairly state our results of operations, financial position and cash flows. The operating results for interim periods are not necessarily indicative of results that may be expected for any other interim period or for the full year. These unaudited financial statements should be read in conjunction with the condensed financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2013 (2013 Form 10-K) as filed with the SEC.

In the quarter ending June 30, 2014, the Company has elected to early adopt Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements. The adoption of this ASU allows the Company to remove the inception to date information and all references to development stage.

USE OF ESTIMATES

USE OF ESTIMATES

The preparation of 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 financial statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.

CONCENTRATION OF RISK

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 September 30, 2014 and December 31, 2013.

REVENUE RECOGNITION ,Policy

REVENUE RECOGNITION

We recognize revenue for our services when each of the following four criteria are met: persuasive evidence of an arrangement exists; delivery has occurred or services have been rendered; the seller’s price to the buyer is fixed or determinable; and collectability is reasonably assured.

INCOME TAXES

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 basis.

Due to our history of losses since inception, there is not enough evidence at this time to support that we will generate future income of a sufficient amount and nature to utilize the benefits of its net deferred tax assets. Accordingly, the deferred tax assets have been reduced by a valuation allowance, since it has been determined that it is more likely than not that all of the deferred tax assets will not be realized. Therefore, no federal or state income taxes are expected and none have been recorded as of September 30, 2014. Income taxes have been accounted for using the liability method.

LOSS PER COMMON SHARE

LOSS PER COMMON SHARE

Basic loss per common shares 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 reflects 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 September 30, 2014 and December 31, 2013 there were no outstanding dilutive securities.

FAIR VALUE OF FINANCIAL INSTRUMENTS

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 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 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 level in the fair value hierarchy within which a fair measurement in its entirety falls is based on the lowest level input that is significant to the fair value measurement in its entirety.

The carrying amounts of financial assets and liabilities, such as cash and accrued liabilities, approximate their fair values because of the short maturity of these instruments.

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Warrants valuation assumptions (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
Warrants valuation assumptions
Expected volatility of Warrants	49.00%
Expected term in years of Warrants	1
Risk free rate of Warrants	0.11%
The estimated fair value ofWarrants granted	$ 89,113
Expected dividend yield rate	0.00%

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Accounts payable and accrued expenses consist of the following (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Accounts payable and accrued expenses consist of the following
Accounts payable	$ 216,822	$ 126,104
Payroll related liabilities		110,000
Other current liabilities	2,500	14,000
Total Accounts payable and accrued expenses	$ 219,322	$ 250,104

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Shares issued and outstanding (Details)	Sep. 30, 2014
Shares issued and outstanding
The Company is authorized to issue shares of common stock	100,000,000
The Company is authorized to issue shares of preferred stock	20,000,000
Shares of common stock issued and outstanding	8,668,628
Shares of preferred stock issued and outstanding	0

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CONDENSED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
OPERATING ACTIVITIES:
Net loss	$ (1,729,791)	$ (414,377)
Adjustments to reconcile net loss to net cash used by operating activities
Common stock issued for services	1,196,471	25,000
Common stock issued for debt settlement		25,000
Amortization of debt discount	4,612
Stock based compensation	89,447	167
Changes in operating assets and liabilities
Prepaid and other current assets	(47,096)
Cash held in escrow		(22,411)
Accounts payable & accrued expenses	229,217	106,621
Net cash used in operating activities	(257,140)	(280,000)
FINANCING ACTIVITIES:
Proceeds from the issuance of convertible promissory notes	21,500
Proceeds from the issuance of note payable	20,000
Proceeds from the issuance of common stock	235,000	280,000
Net cash provided by financing activities	276,500	280,000
Net increase in cash	19,360
Cash, beginning of period	194
Cash, end of period	$ 19,554
SUPPLEMENTAL DISCLOURSE OF CASH FLOW INFORMATION
Stock issued to settle accrued compensation	260,000

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES

9 Months Ended

Sep. 30, 2014

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

NOTE 5 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following as of September 30, 2014 and December 31, 2013:

	September 30,		December 31,
	2014		2013
Accounts payable	$	216,822	$	126,104
Payroll related liabilities		-		110,000
Other current liabilities		2,500		14,000
	$	219,322	$	250,104

Effective October 17, 2013, LED Lighting Company entered into an Employment Agreement with Kevin Kearney, its Chief Executive Officer, Chief Financial Officer, President and Secretary. The Employment Agreement provides for a term of one year; annual compensation of $120,000. The Company accrued $100,000 related to this agreement as of August 31, 2014.

Effective October 17, 2013, the Company entered into an amendment to its Consulting Agreement with George Mainas a stockholder, providing for additional consulting services from George Mainas in consideration for a monthly consulting fee of $10,000. The Company accrued $110,000 related to this agreement as of August 31, 2014.

On December 10, 2013, the Company entered into a Consulting Agreement with J. Thomas Hannan providing for certain consulting services from him in consideration for a monthly consulting fee of $5,000. The Company accrued $50,000 related to this agreement as of August 31, 2014.

For the nine months ended September 30, 2014, $2,500 is due to George Mainas, a related party, to recompense a fee that the related party covered.

Effective August 25, 2014, the Company entered into Debt Conversion Agreements with George Mainas, J. Thomas Hannan and Kevin Kearney pursuant to which each individual agreed to convert accrued compensation of $260,000 and payable to such person under the terms of their respective consulting or employment agreement as of August 31, 2014 into shares of Company common stock at $1.00 per share. The Debt Conversion Agreements resulted in the conversion of an aggregate of $260,000 into 260,000 shares of Company common stock. Mr. Mainas and Mr. Hannan also agreed that their consulting agreements would be terminated as of August 31, 2014, and Mr. Kearney agreed that no future compensation will be owed to him by the Company under his employment agreement as of August 31, 2014.

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Common stock transactions (Details) (USD $)	May 28, 2014	Mar. 02, 2012
Common stock transactions
Shares of the Company's common stock transferred by Mr. Yanshi (Steven) Chen		17,000,000
Shares of the Company's common stock transferred by DEP Group		2,500,000
Shares of the Company's common stock transferred to Joseph Merhi		19,500,000
Percentage of Shares of the Company's common stock transferred to Joseph Merhi		97.50%
Shares of the Company's common stock transferred to Joseph Merhi for an aggregate purchase price		$ 95,000
Company entered into a Share Cancellation Agreement with the then 3 existing stockholders and cancelled collectively	18,900,000
Shares issued and outstanding among the 3 stockholders after cancellation agreement.	1,100,000

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Loan receivable transactions (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Loan receivable transactions
Loans receivable	$ 84,000	$ 84,000
An advance made to Polybrite	70,000
Fees earned related to Purchase Order Financing and Distribution Agreement that was entered into with Polybrite.	$ 14,000