10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended December 31, 2014

or

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

For the transition period from _________ to ___________

333-185368

Commission File Number

EPICURE CHARCOAL, INC.

(Exact name of registrant as specified in its charter)

Nevada	45-5538945
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

6910 Salashan Parkway Ferndale, Washington	98248
(Address of principal executive offices)	(Zip Code)

(775)-321-8228

(Registrant’s telephone number, including area code)

_____________________________________________________________

(Former name, former address and former fiscal year, if changed since last report)

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. x Yes   ¨  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). ¨ 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	¨	Smaller reporting company	x
(Do not check if a smaller reporting company)

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

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Sections 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court ¨ Yes   ¨  No

APPLICABLE ONLY TO CORPORATE ISSUERS:

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As of March 14, 2015 EPICURE CHARCOAL, INC. had 100,201,647 shares of common stock issued and outstanding.

Table of Contents

PART I—FINANCIAL INFORMATION		3
Item 1.	Financial Statements.		3
Item 3.	Quantitative and Qualitative Disclosures About Market Risk.		11
Item 4.	Controls and Procedures.		11
PART II—OTHER INFORMATION			12
Item 1.	Legal Proceedings.		12
Item 1A.	Risk Factors.		12
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds.		12
Item 3.	Defaults Upon Senior Securities.		12
Item 5.	Other Information.		12
Item 6.	Exhibits.		13
	SIGNATURES		14

2

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements.

EPICURE CHARCOAL, INC.

(A Development Stage Company)

FINANCIAL STATEMENTS

December 31, 2014

BALANCE SHEETS	4
STATEMENTS OF OPERATIONS	5
STATEMENTS OF CASH FLOWS	6
NOTES TO FINANCIAL STATEMENTS	7

3

EPICURE CHARCOAL, INC.

BALANCE SHEETS

	December 31, 2014			September 30, 2014
	(Unaudited)
ASSETS
CURRENT ASSETS
Cash	$	23		$	2,342
TOTAL ASSETS	$	23		$	2,342
LIABILITIES AND STOCKHOLDERS' DEFICIT
CURRENT LIABILITIES
Accounts payable and accrued liabilities	$	9,191		$	1,841
Loans from Related Party		22,116			22,116
TOTAL CURRENT LIABILITIES	$	31,307		$	23,957
STOCKHOLDERS' DEFICIT
Capital stock Authorized 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 100,201,647 shares of common stock	$	100,202		$	100,202
Additional Paid in Capital		(89,330	)		(89,330	)
Deficit accumulated during the development stage		(42,156	)		(32,487	)
TOTAL STOCKHOLDERS' DEFICIT	$	(31,284	)	$	(21,615	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	23		$	2,342

The accompanying notes are an integral part of these financial statements

4

EPICURE CHARCOAL, INC.

STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three months			Three months
	ended			ended
	December 31, 2014			December 31, 2013
EXPENSES
Office and general	$	2,034		$	2,204
Professional Fees		7,635			8,421
Total Expenses	$	9,669		$	10,625
Operating Loss		(9,669	)		(10,625	)
NET LOSS	$	(9,669	)	$	(10,625	)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING		100,201,647			1,403,835,342

The accompanying notes are an integral part of these financial statements

5

EPICURE CHARCOAL, INC.

STATEMENTS OF CASH FLOWS

		Three months			Three months
		ended			ended
		December 31, 2014			December 31, 2013
OPERATING ACTIVITIES
	Net loss	$	(9,669	)	$	(10,625	)
	Adjustment to reconcile net loss to net cash
	Increase (decrease) in payables		7,351			1,782
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		$	(2,318	)	$	(8,843	)
FINANCING ACTIVITIES
	Proceeds from sale of common stock		-			5,882
	Subscription Receivable		-			(227	)
	Note Payable
	Proceeds from related party loan		-
	Payment to related party loan		-			(3,194	)
NET CASH PROVIDED BY FINANCING ACTIVITIES		$	-		$	2,461
NET INCREASE (DECREASE) IN CASH		$	(2,318	)	$	(6,382	)
CASH, BEGINNING OF PERIOD		$	2,341		$	7,215
CASH, END OF PERIOD		$	23		$	833
Supplemental cash flow information and noncash financing activities:
Cash paid for:
	Interest	$	-		$	-
	Income taxes	$	-		$	-

The accompanying notes are an integral part of these financial statements

6

EPICURE CHARCOAL, INC.

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

December 31, 2014

NOTE 1 – NATURE OF OPERATIONS AND BASIS OF PRESENTATION

The Company was incorporated in the State of Nevada as a for-profit Company on June 21, 2012 and established a fiscal year end of September 30. We are a Company which intends to sell charcoal made from hard wood for BBQs and restaurants.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements present the balance sheet, statements of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States.

Advertising

Advertising costs will be expensed as incurred. As of December 31, 2014, no advertising costs have been incurred.

Property

The Company does not own or rent any property. The office space is provided by the president at no charge.

Use of Estimates and Assumptions

Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Income Taxes

The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

Net Loss per Share

Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.

Recent Accounting Pronouncements

The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.

7

NOTE 3 – GOING CONCERN

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $31,284, an accumulated deficit of $42,156 and net loss from operations since inception of $42,156. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its initial operations by way of issuing Founder’s shares.

These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the company cannot continue in existence.

The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.

NOTE 4 – FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carrying value due to the short-term maturity of the instruments.

NOTE 5 – CAPITAL STOCK

The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share. No preferred or common shares have been authorized or issued.

On February 25, 2014 the Board of Directors and the consenting stockholder adopted and approved a resolution to effect an amendment to our Articles of Incorporation to effect a forward split of all issued and outstanding shares of common stock, at a ratio of 273:1 (the "Forward Stock Split"). The Forward Stock Split became effective on January 31, 2015.

As of December 31, 2014, the Company had 100,201,647 shares of common shares issued and outstanding.

On October 1, 2013 the company issued 40,141,647 common shares for cash of $5,882.

On February 26, 2014, 1,304,940,000 founder's shares were retired for cash of $10

As of December 31, 2014, the Company has not granted any stock options and has not recorded any stock-based compensation.

NOTE 6 – LOAN PAYABLE – RELATED PARTY LOANS

The Company has received $22,116 as a loan from a related party. The loan is payable on demand and without interest.

8

NOTE 7 – INCOME TAXES

We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Accounting for Uncertainty in Income Taxes when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period.

The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of December 31, 2014 are as follows:

	December 31, 2014			December 31, 2013
Net operating loss carried forward		42,156			24,101
Effective tax rate		35	%		35	%
Deferred tax assets		14,755			8,435
Less: Valuation Allowance		(14,755	)		(8,435	)
Net deferred tax asset	$	0		$	0

The net federal operating loss carry forward will expire between 2027 and 2028. This carry forward may be limited upon the consummation of a business combination under IRC Section 381.

NOTE 8 – SUBSEQUENT EVENTS

On January 29, 2015 4 shares belonging to the President were redeemed at $2.50 per share for cash of $10

9

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

This section of the Registration Statement includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like believe, expect, estimate, anticipate, intend, project and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our predictions.

Results of Operations

For the period from inception (June 21, 2012) to December 31, 2014 we had no revenue. Expenses for the three month period ended December 31, 2014 totaled $9,669 resulting in a Net loss of $9,669 as compared to expenses totaling $10,625 and a net loss of $10,625 for the three months ended December 31, 2013. The reduction in Net Loss for the three month period ended December 31, 2014 is a result of Office and general expense of $2,034 and Professional fees in the amount of $7,635 and as compared to Office and general expense of $2,204 and Professional fees in the amount of $8,421 for the three month period ended December 31, 2013.

Capital Resources and Liquidity

Our auditors have issued a “going concern” opinion, meaning that there is substantial doubt if we can continue as an on-going business for the next twelve months unless we obtain additional capital. No substantial revenues are anticipated until we have completed the financing from this offering and implemented our plan of operations. With the exception of cash advances from our sole Officer and Director, our only source for cash at this time is investments by others in this offering. We must raise cash to implement our strategy and stay in business. The amount of the offering will likely allow us to operate for at least one year.

As of December 31, 2014, we had $23 in cash as compared to $2,342 in cash at December 31, 2013. The funds available to the Company will not be sufficient to fund the planned operations of the Company and maintain a reporting status. As of December 31, 2014, the Company’s sole officer and director, Mr. Robertson has loaned the Company $22,116 and he has indicated that he may be willing to provide a maximum of $25,000, required maintain the reporting status, in the form of a non-secured loan for the next twelve months as the expenses are incurred if no other proceeds are obtained by the Company. However, there is no contract or written agreement in place.

10

We do not anticipate researching and releasing any further features to our software nor do we foresee the purchase or sale of any significant equipment. We also do not expect any significant additions to the number of employees.

Off-balance sheet arrangements

Other than the situation described in the section titled Capital Recourses and Liquidity, the company has no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect or change on the company’s financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. The term “off-balance sheet arrangement” generally means any transaction, agreement or other contractual arrangement to which an entity unconsolidated with the company is a party, under which the company has (i) any obligation arising under a guarantee contract, derivative instrument or variable interest; or (ii) a retained or contingent interest in assets transferred to such entity or similar arrangement that serves as credit, liquidity or market risk support for such assets.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

The Company is a smaller reporting Company as defined by Rule 12b-2 of the Securities Act of 1934 and are not required to provide the information under this item.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported, within the time period specified in the SEC's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Securities Exchange Act of 1934 is accumulated and communicated to management including our principal executive officer and principal financial officer as appropriate, to allow timely decisions regarding required disclosure.

In connection with this quarterly report, as required by Rule 15d-15 under the Securities Exchange Act of 1934, we have carried out an evaluation of the effectiveness of the design and operation of our company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our company's management, including our company's principal executive officer and principal financial officer. Based upon that evaluation, our company's principal executive officer and principal financial officer concluded that subject to the inherent limitations noted in this Part II, Item 9A(T) as of December 31, 2014, our disclosure controls and procedures were not effective due to the existence of material weaknesses in our internal controls over financial reporting.

Changes in Internal Control Over Financial Reporting

There were no changes in our internal control over financial reporting (as defined in Rule 13a-15(f) or 15d-15(f)) during the quarter ended December 31, 2014 that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.

11

PART II—OTHER INFORMATION

Item 1. Legal Proceedings.

The Company is not a party to any pending legal proceedings, and no such proceedings are known to be contemplated.

No director, officer, or affiliate of the Company and no owner of record or beneficial owner of more than 5.0% of the securities of the Company, or any associate of any such director, officer or security holder is a party adverse to the Company or has a material interest adverse to the Company in reference to pending litigation.

Item 1A. Risk Factors.

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Act of 1934 and are not required to provide the information under this item.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None

Item 3. Defaults Upon Senior Securities.

None

Item 5. Other Information.

None

12

Item 6. Exhibits.

31.1	Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Executive Officer
31.2	Rule 13(a)-14(a)/15(d)-14(a) Certification of Chief Financial Officer *
32.1	Section 1350 Certification of Chief Executive Officer
32.2	Section 1350 Certification of Chief Financial Officer **

101.INS ***	XBRL Instance Document
101.SCH ***	XBRL Taxonomy Extension Schema Document
101.CAL ***	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF ***	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB ***	XBRL Taxonomy Extension Label Linkbase Document
101.PRE ***	XBRL Taxonomy Extension Presentation Linkbase Document

____________ 

* Included in Exhibit 31.1

** Included in Exhibit 32.1

*** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

13

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. 

	Epicure Charcoal, Inc. (Registrant)
Date: March 30, 2015	By:	/s/ Alex Robertson
		Alex Robertson
		President and Director
		Principal and Executive Officer
		Principal Financial Officer
		Principal Accounting Officer

14

EX-31.1

EXHIBIT 31.1

CERTIFICATIONS

I, Alex Robertson, certify that:

1.	I have reviewed this quarterly report of Epicure Charcoal, Inc.;
2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
3.	Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.	The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d – 15(f)) for the registrant and have:

a)	Designed such disclosure controls and procedures, or caused such controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
b)	Designed such internal controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
c)	Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
d)	Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing equivalent functions):

a)	All significant deficiencies and material weaknesses in the design or operation of internal controls over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and,
b)	Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: March 30, 2015	By:	/s/ Alex Robertson
		Alex Robertson
		President, Secretary Treasurer, Principal Executive Officer,
		Principal Financial Officer and Director

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report on Form 10-Q for the period ended December 31, 2014 of Epicure Charcoal, Inc., a Nevada corporation (the "Company"), as filed with the Securities and Exchange Commission on the date hereof (the "Quarterly Report"), I, Alex Robertson, President and Chief Financial Officer of the Company certify, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

1.	The Quarterly Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities and Exchange Act of 1934, as amended; and
2.	The information contained in this Quarterly Report fairly presents, in all material respects, the financial condition and results of operation of the Company.

Date: March 30, 2015	By:	/s/ Alex Robertson
		Alex Robertson
		President, Secretary Treasurer, Principal Executive Officer,
		Principal Financial Officer and Director

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Fair Value of Financial Instruments

3 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Note 4 - Fair Value of Financial Instruments

The Company has determined the estimated fair value of financial instruments using available market information and appropriate valuation methodologies. The fair value of financial instruments classified as current assets or liabilities approximate their carrying value due to the short-term maturity of the instruments.

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Going Concern

3 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Note 3 - Going Concern

The Company’s financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern. This contemplates the realization of assets and the liquidation of liabilities in the normal course of business. Currently, the Company has a working capital deficit of $31,284, an accumulated deficit of $42,156 and net loss from operations since inception of $42,156. The Company does not have a source of revenue sufficient to cover its operation costs giving substantial doubt for it to continue as a going concern. The Company will be dependent upon the raising of additional capital through placement of our common stock in order to implement its business plan, or merge with an operating company. There can be no assurance that the Company will be successful in either situation in order to continue as a going concern. The Company is funding its initial operations by way of issuing Founder’s shares.

These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets or the amounts of and classification of liabilities that might be necessary in the event the company cannot continue in existence.

The officers and directors have committed to advancing certain operating costs of the Company, including Legal, Audit, Transfer Agency and Edgarizing costs.

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Balance Sheets (USD $)	Dec. 31, 2014	Sep. 30, 2014
CURRENT ASSETS
Cash	$ 23	$ 2,342
TOTAL ASSETS	23	2,342
CURRENT LIABILITIES
Accounts payable and accrued liabilities	9,191	1,841
Loans from Related Party	22,116	22,116
TOTAL CURRENT LIABILITIES	31,307	23,957
STOCKHOLDERS' DEFICIT
Capital stock Authorized 200,000,000 shares of common stock, $0.001 par value Issued and outstanding 100,201,647 shares of common stock	100,202	100,202
Additional Paid-in Capital	(89,330)	(89,330)
Deficit accumulated during the development stage	(42,156)	(32,487)
TOTAL STOCKHOLDERS' DEFICIT	(31,284)	(21,615)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 23	$ 2,342

XML

Nature of Operations and Basis Of Presentation

3 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Note 1 - Nature of Operations and Basis Of Presentation

The Company was incorporated in the State of Nevada as a for-profit Company on June 21, 2012 and established a fiscal year end of September 30. We are a Company which intends to sell charcoal made from hard wood for BBQs and restaurants.

XML

Summary of Significant Accounting Policies

3 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Note 2 - Summary of Significant Accounting Policies

Basis of Presentation

The financial statements present the balance sheet, statements of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States.

Advertising

Advertising costs will be expensed as incurred. As of December 31, 2014, no advertising costs have been incurred.

Property

The Company does not own or rent any property. The office space is provided by the president at no charge.

Use of Estimates and Assumptions

Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Income Taxes

The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

Net Loss per Share

Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.

Recent Accounting Pronouncements

The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.

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Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Sep. 30, 2014
STOCKHOLDERS' DEFICIT
Common stock Authorized shares	200,000,000	200,000,000
Common stock Par Value	$ 0.001	$ 0.001
Common stock issued	100,201,647	100,201,647
Common stock outstanding	100,201,647	100,201,647

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Capital Stock (Details Narrative) (USD $)	Dec. 31, 2014	Sep. 30, 2014
Capital Stock Details Narrative
Common stock Authorized shares	200,000,000	200,000,000
Common stock Par Value	$ 0.001	$ 0.001
Common stock issued	100,201,647	100,201,647
Common stock outstanding	100,201,647	100,201,647

XML

Document and Entity Information	3 Months Ended
	Dec. 31, 2014	Mar. 14, 2015
Document And Entity Information
Entity Registrant Name	EPICURE CHARCOAL, INC.
Entity Central Index Key	0001564273
Document Type	10-Q
Document Period End Date	Dec. 31, 2014
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		100,201,647
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

XML

Loan Payable - Related Party Loans (Details Narrative) (USD $)	Dec. 31, 2014	Sep. 30, 2014
Loan Payable - Related Party Loans Details Narrative
Loans from Related Party	$ 22,116	$ 22,116

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Statements of Operations (Unaudited) (USD $)	3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
EXPENSES
Office and general	$ 2,034	$ 2,204
Professional Fees	7,635	8,421
Total Expenses	9,669	10,625
Operating Loss	(9,669)	(10,625)
NET LOSS	$ (9,669)	$ (10,625)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING	100,201,647	1,403,835,342

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Income Taxes

3 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Note 7 - Income Taxes

We did not provide any current or deferred U.S. federal income tax provision or benefit for any of the periods presented because we have experienced operating losses since inception. Accounting for Uncertainty in Income Taxes when it is more likely than not that a tax asset cannot be realized through future income the Company must allow for this future tax benefit. We provided a full valuation allowance on the net deferred tax asset, consisting of net operating loss carry forwards, because management has determined that it is more likely than not that we will not earn income sufficient to realize the deferred tax assets during the carry forward period.

The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of December 31, 2014 are as follows:

	December 31, 2014			December 31, 2013
Net operating loss carried forward		42,156			24,101
Effective tax rate		35	%		35	%
Deferred tax assets		14,755			8,435
Less: Valuation Allowance		(14,755	)		(8,435	)
Net deferred tax asset	$	0		$	0

The net federal operating loss carry forward will expire between 2027 and 2028. This carry forward may be limited upon the consummation of a business combination under IRC Section 381.

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Loan Payable - Related Party Loans

3 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Note 6 - Loan Payable - Related Party Loans

The Company has received $22,116 as a loan from a related party. The loan is payable on demand and without interest.

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Income Taxes (Details) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Income Taxes Details
Net operating loss carried forward	$ 42,156	$ 24,101
Effective tax rate	35.00%	35.00%
Deferred tax assets	14,755	8,435
Less: Valuation allowance	(14,755)	(8,435)
Net deferred tax asset	$ 0	$ 0

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Income Taxes (Tables)

3 Months Ended

Dec. 31, 2014

Income Taxes Tables

Deferred tax asset and reconciliation of income taxes

The components of the Company’s deferred tax asset and reconciliation of income taxes computed at the statutory rate to the income tax amount recorded as of December 31, 2014 are as follows:

	December 31, 2014			December 31, 2013
Net operating loss carried forward		42,156			24,101
Effective tax rate		35	%		35	%
Deferred tax assets		14,755			8,435
Less: Valuation Allowance		(14,755	)		(8,435	)
Net deferred tax asset	$	0		$	0

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Subsequent Events

3 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Note 8 - Subsequent Events

On January 29, 2015 4 shares belonging to the President were redeemed at $2.50 per share for cash of $10.

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Summary of Significant Accounting Policies (Policies)

3 Months Ended

Dec. 31, 2014

Summary Of Significant Accounting Policies Policies

Basis of Presentation

The financial statements present the balance sheet, statements of operations, stockholders' equity (deficit) and cash flows of the Company. These financial statements are presented in United States dollars and have been prepared in accordance with accounting principles generally accepted in the United States. 

Advertising

Advertising costs will be expensed as incurred. As of December 31, 2014, no advertising costs have been incurred.

Property

The Company does not own or rent any property. The office space is provided by the president at no charge.

Use of Estimates and Assumptions

Preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

Income Taxes

The Company follows the liability method of accounting for income taxes. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax balances. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates expected to apply to the taxable income in the years in which those differences are expected to be recovered or settled. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the date of enactment or substantive enactment.

Net Loss per Share

Basic loss per share includes no dilution and is computed by dividing loss available to common stockholders by the weighted average number of common shares outstanding for the period. Dilutive loss per share reflects the potential dilution of securities that could share in the losses of the Company. Because the Company does not have any potentially dilutive securities, the accompanying presentation is only of basic loss per share.

Recent Accounting Pronouncements

The company has evaluated all the recent accounting pronouncements and believes that none of them will have a material effect on the company’s financial statement.

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Going Concern (Details Narrative) (USD $)	3 Months Ended		30 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2014
Going Concern Details Narrative
Working capital deficit	$ 31,284		$ 31,284
Accumulated deficit	42,156		42,156
Net loss from operations	$ 9,669	$ 10,625	$ 42,156

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Statements of Cash Flows (USD $)	3 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Statements Of Cash Flows
Net loss	$ (9,669)	$ (10,625)
Increase (decrease) in payables	7,351	1,782
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES	(2,318)	(8,843)
Proceeds from sale of common stock		5,882
Subscription Receivable		(227)
Note Payable
Proceeds from related party loan
Payment to related party loan		(3,194)
NET CASH PROVIDED BY FINANCING ACTIVITIES		2,461
NET INCREASE (DECREASE) IN CASH	(2,318)	(6,382)
CASH, BEGINNING OF PERIOD	2,342	7,215
CASH, END OF PERIOD	23	833
Cash paid for: Interest
Cash paid for: Income taxes

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Capital Stock

3 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Note 5 - Capital Stock

The Company’s capitalization is 200,000,000 common shares with a par value of $0.001 per share. No preferred or common shares have been authorized or issued.

On February 25, 2014 the Board of Directors and the consenting stockholder adopted and approved a resolution to effect an amendment to our Articles of Incorporation to effect a forward split of all issued and outstanding shares of common stock, at a ratio of 273:1 (the "Forward Stock Split"). The Forward Stock Split became effective on January 31, 2015.

As of December 31, 2014, the Company had 100,201,647 shares of common shares issued and outstanding.

On October 1, 2013 the company issued 40,141,647 common shares for cash of $5,882.

On February 26, 2014, 1,304,940,000 founder's shares were retired for cash of $10.

As of December 31, 2014, the Company has not granted any stock options and has not recorded any stock-based compensation.

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Income Taxes (Details Narrative)	3 Months Ended
	Dec. 31, 2014
Income Taxes Details Narrative
Federal operating loss carry forward expire	Between 2027 and 2028