10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q/A

Amendment No. 1

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

For the quarterly period ended April 30, 2016

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

Commission file number: 333-186706

Bigfoot Project Investments Inc.

(Exact name of registrant as specified in its charter)

Nevada	45-3942184
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

570 El Camino Real NR-150, Redwood City, CA	94063
(Address of principal executive offices)	(Zip Code)

(415) 518-8494

(Registrant’s telephone number, including area code)

Southwest Business Services, LLC

701 N Green Valley Pkwy

Henderson, NV 89074

(702) 990-3320

(Name, address and telephone number for agent for service)

Indicate by check mark whether the issuer (1) 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 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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Ruble 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 .

The number of shares of Common Stock, $0.001 par value, outstanding on June 13, 2016 was 208,717,000 shares.

EXPLANATORY NOTE

The purpose of this Amendment No. 1 on Form 10–Q/A to Bigfoot Project Investments Inc.’s quarterly report on Form 10–Q for the period ended April 30, 2016, filed with the Securities and Exchange Commission on June 14, 2016 (the “Form 10–Q”), is solely to furnish Exhibit 101 to the Form 10–Q in accordance with Rule 405 of Regulation S–T.

No other changes have been made to the Form 10–Q.  This Amendment No. 1 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.

2

PART II—OTHER INFORMATION

Item 6. Exhibits.

Exhibit No.	Description	Filing Date.
3.1	Articles of Incorporation of Bigfoot Project Investments Inc.	Filed with the SEC on February 15, 2013, as part of our Registration statement on Form S-1.
3.2	Bylaws of Bigfoot Project Investments Inc.	Filed with the SEC on February 15, 2013, as part of our Registration statement on Form S-1.
10.1	BFP Promissory Note	Filed with the SEC on December 31, 2013, as part of our Registration statement on Form S-1/A.
10.2	Contract Bosco Group	Filed with the SEC on December 31, 2013, as part of our Registration statement on Form S-1/A.
10.3	Acquisition Asset List	Filed with the SEC on December 31, 2013, as part of our Registration statement on Form S-1/A.
16.1	Letter from Sam Kan & Company	Filed with the SEC on March 11, 2014 as part of our Current Report on Form 8-K.
16.2	Letter from KLJ & Associates, LLP	Filed with the SEC on June 17, 2015 as part of our Current Report on Form 8-K.
31.1	Certification of Principal Executive Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Filed with the SEC on June 14, 2016 as part of our Form 10-Q Quarterly Report for the period ended April 30, 2016.
31.2	Certification of Principal Financial Officer pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002	Filed with the SEC on June 14, 2016 as part of our Form 10-Q Quarterly Report for the period ended April 30, 2016.
32.1	Certifications of Principal Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	Filed with the SEC on June 14, 2016 as part of our Form 10-Q Quarterly Report for the period ended April 30, 2016.
32.2	Certifications of Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	Filed with the SEC on June 14, 2016 as part of our Form 10-Q Quarterly Report for the period ended April 30, 2016.
101.INS*	XBRL Instance Document	Furnished Herewith.
101.SCH*	XBRL Taxonomy Extension Schema	Furnished Herewith.
101.CAL*	XBRL Taxonomy Extension Calculation Linkbase	Furnished Herewith.
101.DEF*	XBRL Taxonomy Extension Definition Linkbase	Furnished Herewith.
101.LAB*	XBRL Taxonomy Extension Label Linkbase	Furnished Herewith.
101.PRE*	XBRL Taxonomy Extension Presentation Linkbase	Furnished Herewith.

*Pursuant to Regulation S-T, this interactive data file is deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, and otherwise is not subject to liability under these sections.

3

SIGNATURE

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.

	BIGFOOT PROJECT INVESTMENTS INC.
Date: June 20, 2016	By:	/s/ Tom Biscardi
		Tom Biscardi
		Chief Executive Officer
		(Principal Executive Officer and duly authorized signatory)

In accordance with the Exchange Act, this report has been signed below by the following persons on behalf of the Company in the capacities indicated, on June 20, 2016

Signature	Title
/s/ Tom Biscardi	Director
Tom Biscardi	Chief Executive Officer
/s/ Dennis Kazubowski	Director
Dennis Kazubowski
/s/ Sara Reynolds	Director, CFO
Sara Reynolds	Secretary, Treasurer
/s/ Tom Biscardi	Director
C. Thomas Biscardi	President

4

XML

Document and Entity Information - shares	9 Months Ended
	Apr. 30, 2016	Jun. 13, 2016
Document and Entity Information:
Entity Registrant Name	BIGFOOT PROJECT INVESTMENTS INC
Document Type	10-Q
Document Period End Date	Apr. 30, 2016
Trading Symbol	bfpi
Amendment Flag	false
Entity Central Index Key	0001569568
Current Fiscal Year End Date	--07-31
Entity Common Stock, Shares Outstanding		208,717,000
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	2016
Document Fiscal Period Focus	Q3

XML

Balance Sheets - USD ($)	Apr. 30, 2016	Jul. 31, 2015
Current Assets
Cash	$ 19,163	$ 221
Money Market	2,139	0
Restricted Cash	0	22,937
Inventory	5,377	3,168
Total current assets	26,679	26,326
Other Assets
Website Development	5,500	5,500
Accumulated Amortization	(5,500)	(4,616)
Total Other Assets	0	884
Total Assets	26,679	27,210
Current liabilities
Advance from shareholders	81,341	59,715
Accrued Interest	63,799	49,278
Subscriptions payable received subject to refund	0	22,930
Promissory note - related party	484,518	484,518
Total current liabilities	629,658	616,441
Total Liabilities	629,658	616,441
Stockholders' deficit
Common stock, $0.001 par value; 250,000,000 shares authorized, 207,490,000 issued and outstanding as of 07/31/2015 and 04/30/2016, respectively	207,490	207,490
Shares to be Issued	31,300	0
Accumulated deficit	(841,769)	(796,721)
Total stockholders' deficit	(602,979)	(589,231)
Total liabilities & stockholders' deficit	$ 26,679	$ 27,210

XML

Balance Sheets Parentheticals - $ / shares	Apr. 30, 2016	Jul. 31, 2015
Parentheticals
Common Stock, par value	$ 0.001	$ 0.001
Common Stock, shares authorized	250,000,000	250,000,000
Common Stock, shares issued	207,490,000	207,490,000
Common Stock, shares outstanding	207,490,000	207,490,000

XML

Statements of Operations - USD ($)	3 Months Ended		9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015	Apr. 30, 2016	Apr. 30, 2015
Revenues:
Revenue	$ 339	$ 963	$ 1,955	$ 1,674
Cost of Goods Sold	0	320	166	325
Total Revenue	339	643	1,789	1,349
Operating expenses:
Professional fees	5,925	500	18,540	2,700
Expedition Expenses	7,623	0	7,623	0
General and administrative	1,524	1,899	6,154	4,677
Total operating expenses	15,072	2,399	32,317	7,377
Net loss from operations	(14,733)	(1,756)	(30,528)	(6,028)
Other Income (Expense)
Interest Income	1	1	2	1
Interest Expense	(4,840)	(4,840)	(14,521)	(14,521)
Net loss	$ (19,573)	$ (6,595)	$ (45,047)	$ (20,548)
Basic and diluted loss per shares	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted average shares outstanding	207,490,000	207,490,000	207,490,000	207,490,000

XML

Statements of Cash Flows - USD ($)	9 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Cash flow from operating activities:
Net loss	$ (45,047)	$ (20,549)
Adjustments to reconcile net loss to net cash used in operating activities:
Accumulated Amortization	884	1,386
Change in operating liabilities:
Accounts Receivable	0	(321)
Inventory	(2,209)	169
Accounts Payable	0	190
Accrued Interest	14,521	14,521
Net cash used in operating activities	(31,851)	(4,604)
Cash flow from financing activities
Change in restricted cash	22,937	(22,942)
Proceeds from sale of IPO subject to refund	(22,930)	22,930
Proceeds for April 2016 Offering	31,300	0
Proceeds for advances from shareholders	21,626	3,556
Net cash provided by financing activities	52,933	3,544
Net (decrease) increase in cash	21,082	(1,060)
Cash at beginning of period	221	1,377
Cash at end of period	21,303	317
Supplemental Cash Flow Information:
Cash paid for income taxes	0	0
Cash paid for interest expense	$ 0	$ 0

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Apr. 30, 2016

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 1 –SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Organization, Nature of Business and Trade Name

A summary of significant accounting policies of Bigfoot Project Investments, Inc. (the “Company”), a company organized in the state of Nevada, is presented to assist in understanding the Company’s financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the companying financial statements. These financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity.

The Company was incorporated in the State of Nevada on November 30, 2011. The company’s administrative office is located at 570 El Camino Real NR-150, Redwood City, CA and its fiscal year ends July 31. Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was established as an entertainment investment company.

The Company’s mission is to create exciting and interesting proprietary investment projects, entertainment properties surrounding the mythology, research, and potential capture of the creature known as Bigfoot. The Company will perform research in determining the existences of an elusive creature commonly known as Bigfoot. For the past six years the research team, that has joined the company, has performed research on expeditions throughout the United States and Canada.

The Company’s key competitive advantage is the in-house developed knowledge base and the advanced level of maturity of their projects developed and currently owned by our current officers and shareholders. The Company will capitalize on the current stock pile of these projects through contract agreements which will allow the Company to continue creation of media properties and the establishment of physical locations, partnerships, and strategic alliances with organizations to augment investment markets to create revenue as a stand-alone enterprise

Basis of Presentation

The accompanying unaudited balance sheet as of April 30, 2016 has been derived from the audited financial statements. The accompanying unaudited interim financial statements have been prepared on the same basis as the annual audited financial statements and in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. In the opinion of management such unaudited information includes all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of this interim information. Operating results and cash flows for interim periods are not necessarily indicative of the results that can be expected for the entire year. The information included in this report should be read in conjunction with our audited financial statements and notes thereto included in our 10-K for the year ended July 31, 2015 filed on SEC website on November 24, 2015.

Use of Estimates

The preparation of unaudited condensed financial statements in accounting principles generally accepted in the United States of America 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 period. A change in managements’ estimates or assumptions could have a material impact on the Company’s financial condition and results of operations during the period in which such changes occurred.

Actual results could differ from those estimates. The company’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.

Cash

For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. As of July 31, 2015 and April 30, 2016, the Company has unrestricted cash of $221 and $21,302, respectively. The Company does not have any cash equivalents as of July 31, 2015 or April 30, 2016.

Website Development Cost

The Company has adopted Subtopic 350-50 of the FASB Accounting Standards Codification for website development costs. Under the requirements of Sections 305-50-15 and 350-50-25, the Company capitalizes cost incurred to develop a website as website development costs, which are amortized on a straight line basis over the estimated useful lives of three (3) years. Upon becoming fully amortized, the related costs and accumulated amortization are removed from the account.

Restricted Cash

For the purposes of the statement of cash flows, the Company does not consider the restricted cash listed on the balance sheet to be a cash equivalent. These funds are amounts received for outstanding stock subscriptions related to the current offering. Due to the fact that the Company did not meet the stated minimum of stock subscription sales as of April 30, 2016 these funds have been refunded. As of July 31, 2015 the Company had restricted cash of $22,937.

Inventory Valuation

We value our inventory at the lower of cost or market. Market is determined based on net realizable value. Cost is determined on a “first-in, first-out” basis, which approximates actual cost. We have no policy for a reserve for excess and obsolete inventory based on forecasted demand since inventory generally does not become obsolete.

Income Tax

The Company accounts for income taxes under ASC 740 "Income Taxes" which codified SFAS 109, "Accounting for Income Taxes" and FIN 48 “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB Statement No. 109”. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

Revenue Recognition

The Company recognizes revenue from the sale of goods and services in accordance with ASC 605, "Revenue Recognition." Revenue consists of proceeds and commissions from sale of DVDs and videos. Revenue is recognized only when all of the following criteria have been met:

i.      Persuasive evidence for an agreement exists

ii.     Goods (DVD) have been delivered

iii.    The fee is fixed or determinable

iv.    Revenue is reasonably assured

Revenue is recognized in the period product is delivered where product price is fixed or determinable and collectability is reasonably assured. The company generated revenue in the amounts of $339 for the quarter ended April 30, 2016.

Fair Value Measurements

In January 2010, the FASB ASC Topic 825, “Financial Instrument”, requires disclosures about fair value of financial instruments in quarterly reports as well as in annual reports. For the Company, this statement applies to certain investments and long-term debt. Also, the FASB ASC Topic 820, “Fair Value Measurements and Disclosure”, clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements.

Various inputs are considered when determining the value of the Company’s investments and long-term debt. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. These inputs are summarized in the three broad levels listed below.

·         Level 1 – observable market in-puts that are unadjusted quoted prices for identical assets or liabilities in active markets.

·         Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.).

·         Level 3 – significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments).

The Company’s adoption of FASB ASC Topic 825 effectively at the inception did not have a material impact on the Company’s financial statements.

The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted fair value when a significant event occurs. The Company had no financial assets or liabilities carried and measured on a nonrecurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. The Company does not have financial assets as an investment carried at fair value on a recurring basis as of January 31, 2016. The Company’s financial instruments consist of cash, accounts receivable, accrued expenses and related party notes payable. The carrying amount of these financial instruments approximates fair value either based on the length of maturities or interest notes that approximate prevailing market rates unless otherwise discussed in these financial statements.

Common Stock

The holders of the Company’s common stock are entitled to receive dividends out of assets or funds legally available for the payment of dividends at such times and in such amounts as the board from time to time may determine. Holders of common stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. There is no cumulative voting of the election of directors then standing for election. The common stock is not entitled to pre-emptive rights and is not subject to conversion or redemption. Upon liquidation, dissolution or winding up of the company, the assets legally available for distribution to stockholders are distributable ratably among the holders of the common stock after payment of liquidation preferences, if any, on any outstanding payment of other claims of creditors.

Basic and Diluted Earnings per Share

Basic earnings per share are based on the weighted-average number of shares of common stock outstanding.

The FASB ASC Topic 260, “Earnings per Share”, requires the Company to include additional shares in the computation of earnings per share, assuming dilution.

Diluted earnings per share are based on the assumption that all dilutive options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options are assumed to be exercised at the time of issuance, and as if funds obtained thereby were used to purchase common stock at the average market price during the period. The Company does not have diluted effects on common stock as there was no warrant or option issued.

Basic and diluted earnings per share are the same as there was no dilutive effect of outstanding stock options for the period ended April 30, 2016.

The following is a reconciliation of basic and diluted earnings per share for the nine months ended April 30, 2016 and 2015:

		Period Ended		Period Ended
		April 30, 2016		April 30, 2015
Numerator:
Net (loss) available to common shareholders	$	(45,047)	$	(20,548)
Denominator:
Weighted average shares – basic		207,490,000		207,490,000
Net (loss) per share – basic and diluted	$	(0.00)	$	(0.00)

Recent Accounting Pronouncements

In June 2014, the FASB issued ASU 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 The amendment results in the removal of all incremental financial reporting requirements from U.S. GAAP for development stage entities, thereby, improving financial reporting by eliminating the cost and complexity associated with providing that information.

The amendments related to the elimination of inception-to-date information and the other remaining disclosure requirements of Topic 915 should be applied retrospectively except for the clarification to Topic 275, which shall be applied prospectively. For public business entities, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim period therein. For other entities, the amendments are effective for annual reporting periods beginning after December 15, 2014, and interim reporting periods beginning after December 15, 2015. The Company’s adoption of the new standard is not expected to have a material effect on the Company’s consolidated financial position or results of operations.

In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) (collectively, the Boards) jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP and IFRS. This converged standard is effective for annual and interim periods beginning after December 15, 2016. The Company is currently assessing the potential effects on our financial condition and results of operations.

XML

GOING CONCERN

9 Months Ended

Apr. 30, 2016

GOING CONCERN

GOING CONCERN

NOTE 2 - GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of American applicable to a going concern, which contemplates the realization of assets and liquidation of liabilities in the normal course of business. However, the Company does not have significant cash or other current assets, nor does it have an established source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern.

Under the going concern assumption, an entity is ordinarily viewed as continuing in business for the foreseeable future with neither the intention nor the necessity of liquidation, ceasing trading, or seeking protection from creditors pursuant to laws or regulations. Accordingly, assets and liabilities are recorded on the basis that the entity will be able to realize its assets and discharge its liabilities in the normal course of business.

The ability of the company to continue as a going concern is dependent upon its ability to successfully accomplish the plan described in the preceding paragraph and eventually attain profitable operations. The accompanying financial statements do not include any adjustments that may be necessary if the Company is unable to continue as a going concern.

In the coming year, the Company’s foreseeable cash requirements will relate to continual development of the operations of its business, maintaining its good standing and making the requisite filings with the Securities and Exchange Commission, and payment of expenses associated with operations and business developments. The Company may experience a cash shortfall and be required to raise additional capital.

Historically, it has mostly relied upon internally generated funds such as shareholder loans and advances to finance its operation and growth. Management may raise additional capital by future public or private offerings of the Company’s stock or through loans from private investors, although there can be no assurance that it will be able to obtain such financing. The Company’s failure to do so could have a material and adverse effect upon it and its shareholders.

XML

ADVANCE FROM SHAREHOLDERS

9 Months Ended

Apr. 30, 2016

ADVANCE FROM SHAREHOLDERS

ADVANCE FROM SHAREHOLDERS

NOTE 3 – ADVANCE FROM SHAREHOLDERS

In the year ending July 31, 2012, the company has $21,988 loan which were advances from shareholders, bearing no interest and due on demand. In the year ending July 31, 2013, additional advances were made in the amount of $4,220; these advances bear no interest and are due on demand.

In the year ending July 31, 2013, a majority shareholder paid $9,086 for inventories for the Company. In the year ending July 31, 2014 additional advances of $6,650 were made. These advances bear no interest and are due on demand.

In the year ending July 31, 2015, shareholders advanced additional funds in the amount of $22,633. In the nine-month period ending April 30, 2016, shareholders advanced additional funds in the amount of $ 21,626. The balances of Advances from shareholders were $81,341 and $59,715 as of April 30, 2016 and July 31, 2015.

XML

PROMISSORY NOTE - RELATED PARTY

9 Months Ended

Apr. 30, 2016

PROMISSORY NOTE - RELATED PARTY

PROMISSORY NOTE - RELATED PARTY

NOTE 4 – PROMISSORY NOTE – RELATED PARTY

In January 2013, Bigfoot Project Investments, Inc. executed a promissory note in the amount of $484,029 as part of the asset transfer agreement for the transfer of all assets held by Searching for Bigfoot, Inc. In August 2013, the Company increased the balance of the promissory note by $489 to add an asset that was not included in the original transfer The terms of the note are that the unpaid principle and the accrued interest are payable in full on January 31, 2017.

The interest rate stated on the note is 4.0% (four percent). Monthly payments are not required in the note; however, the note does contain a prepayment clause that allows for payments to be made prior to the due date with no detrimental effects.

Interest expense for the nine months ended April 30, 2016 and 2015 was $14,521 and $14,521.

XML

CAPITAL STOCK

9 Months Ended

Apr. 30, 2016

CAPITAL STOCK

CAPITAL STOCK

NOTE 5 - CAPITAL STOCK

On March 2012, 200,000 shares were issued for $10,000 cash at a contract price of $.05 per share. During the period ending July 31, 2012, 201,840,000 of common shares have been issued to the founding shareholders for services provided. The shares were issued with a par value for $0.001. An additional 1,000,000 share of common stock have been issued for a service exchange agreement. These shares were issued at the contracted price of $.001.

On January 15, 2013, 440,000 shares were issued as part of the merger/acquisition. On January 31, 2013, 50,000 shares were issued for contracted services. These shares were issued at the contracted price of $0.10 per share and have the par value of $0.001 per share.

The Company has 207,940,000 and 207,940,000 shares of common stock issued and outstanding as of April 30, 2015 and July 31, 2014, respectively.

During the three months ending April 30, 2015, the Company has sold pending stock subscriptions for $22,700 for a total of 227,000 shares. Since the IPO offering has a minimum goal of 3,000,000 shares the funds for the pending subscriptions have been deposited in a brokerage account until the minimum number of shares is sold.

The expiration date of the initial offering with the extension was October 2015. The Company was unable to meet the minimum required; therefore, reimbursement checks were issued to each of the subscribers.

The Company submitted a new offering and the new offering was effective April 14, 2016. As of April 30, 2016 the Company had received subscription payments of $31,300 for a total of 313,000 shares of stock.

XML

DISTRIBUTION AGREEMENT

9 Months Ended

Apr. 30, 2016

DISTRIBUTION AGREEMENT

DISTRIBUTION AGREEMENT

NOTE 6 – DISTRIBUTION AGREEMENT

The Company entered into a Distribution Agreement on September 2, 2011 with the Bosko Group providing them a non-exclusive right to market the sales of its DVD’s. The Distribution Agreement requires the Company to pay the Bosko Group ten percent (10%) of the selling price of the DVD’s sold. This agreement remain in effect for a period of 4 years and shall be automatically renewable for additional 4 years with no limit on the number of times the agreement may be automatically renewed, unless either party gives notice to the other of its desire to terminate the Agreement at least sixty (60) days before expiration of the original or renewal term.

XML

COMMITMENTS AND CONTINGENCIES

9 Months Ended

Apr. 30, 2016

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES

NOTE 7 - COMMITMENTS AND CONTINGENCIES

The Company could become a party to various legal actions arising in the ordinary course of business. Matters that are probable of unfavorable outcomes to the Company and which can be reasonably estimated are accrued. Such accruals are based on information known about the matters, the Company’s estimates of the outcomes of such matters and its experience in contesting, litigating and settling similar matters. As of the date of this report, except as described below, there are no material pending legal proceedings to which the Company is a party or of which any of their property is the subject, nor are there any such proceedings known to be contemplated by governmental authorities.

XML

PENDING SUBSCRIPTIONS

9 Months Ended

Apr. 30, 2016

PENDING SUBSCRIPTIONS

PENDING SUBSCRIPTIONS

NOTE 8 – PENDING SUBSCRIPTIONS

As of October 31, 2015 the initial offering was closed. The directors of the company were unable to sell the minimum required by the offering. The funds submitted for these offerings have been reimbursed to the subscribers in the form of checks.

XML

SUBSEQUENT EVENTS

9 Months Ended

Apr. 30, 2016

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

NOTE 9- SUBSEQUENT EVENTS

As of May 29, 2016, the new filing was closed by the Board. The Company was able to sell a total of one million two hundred twenty-seven thousand (1,227,000) shares in this offering to a total of 59 new investors. The funds from this offering will be used as specified in the offering for current reimbursements and to pay operating expenses as they are incurred.

XML

SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Apr. 30, 2016

SIGNIFICANT ACCOUNTING POLICIES (Policies):

Organization, Nature of Business and Trade Name

Organization, Nature of Business and Trade Name

A summary of significant accounting policies of Bigfoot Project Investments, Inc. (the “Company”), a company organized in the state of Nevada, is presented to assist in understanding the Company’s financial statements. The accounting policies presented in these footnotes conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the companying financial statements. These financial statements and notes are representations of the Company’s management who are responsible for their integrity and objectivity.

The Company was incorporated in the State of Nevada on November 30, 2011. The company’s administrative office is located at 570 El Camino Real NR-150, Redwood City, CA and its fiscal year ends July 31. Since inception, the Company has been engaged in organizational efforts and obtaining initial financing. The Company was established as an entertainment investment company.

The Company’s mission is to create exciting and interesting proprietary investment projects, entertainment properties surrounding the mythology, research, and potential capture of the creature known as Bigfoot. The Company will perform research in determining the existences of an elusive creature commonly known as Bigfoot. For the past six years the research team, that has joined the company, has performed research on expeditions throughout the United States and Canada.

The Company’s key competitive advantage is the in-house developed knowledge base and the advanced level of maturity of their projects developed and currently owned by our current officers and shareholders. The Company will capitalize on the current stock pile of these projects through contract agreements which will allow the Company to continue creation of media properties and the establishment of physical locations, partnerships, and strategic alliances with organizations to augment investment markets to create revenue as a stand-alone enterprise

Basis of Presentation

Basis of Presentation

The accompanying unaudited balance sheet as of April 30, 2016 has been derived from the audited financial statements. The accompanying unaudited interim financial statements have been prepared on the same basis as the annual audited financial statements and in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. In the opinion of management such unaudited information includes all adjustments (consisting only of normal recurring accruals) necessary for a fair presentation of this interim information. Operating results and cash flows for interim periods are not necessarily indicative of the results that can be expected for the entire year. The information included in this report should be read in conjunction with our audited financial statements and notes thereto included in our 10-K for the year ended July 31, 2015 filed on SEC website on November 24, 2015.

Use of Estimates

Use of Estimates

The preparation of unaudited condensed financial statements in accounting principles generally accepted in the United States of America 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 period. A change in managements’ estimates or assumptions could have a material impact on the Company’s financial condition and results of operations during the period in which such changes occurred.

Actual results could differ from those estimates. The company’s financial statements reflect all adjustments that management believes are necessary for the fair presentation of their financial condition and results of operations for the periods presented.

Cash

Cash

For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents. As of July 31, 2015 and April 30, 2016, the Company has unrestricted cash of $221 and $21,302, respectively. The Company does not have any cash equivalents as of July 31, 2015 or April 30, 2016.

Website Development Cost

Website Development Cost

The Company has adopted Subtopic 350-50 of the FASB Accounting Standards Codification for website development costs. Under the requirements of Sections 305-50-15 and 350-50-25, the Company capitalizes cost incurred to develop a website as website development costs, which are amortized on a straight line basis over the estimated useful lives of three (3) years. Upon becoming fully amortized, the related costs and accumulated amortization are removed from the account.

Restricted Cash

Restricted Cash

For the purposes of the statement of cash flows, the Company does not consider the restricted cash listed on the balance sheet to be a cash equivalent. These funds are amounts received for outstanding stock subscriptions related to the current offering. Due to the fact that the Company did not meet the stated minimum of stock subscription sales as of April 30, 2016 these funds have been refunded. As of July 31, 2015 the Company had restricted cash of $22,937.

Inventory Valuation

Inventory Valuation

We value our inventory at the lower of cost or market. Market is determined based on net realizable value. Cost is determined on a “first-in, first-out” basis, which approximates actual cost. We have no policy for a reserve for excess and obsolete inventory based on forecasted demand since inventory generally does not become obsolete.

Income Tax

Income Tax

The Company accounts for income taxes under ASC 740 "Income Taxes" which codified SFAS 109, "Accounting for Income Taxes" and FIN 48 “Accounting for Uncertainty in Income Taxes – an Interpretation of FASB Statement No. 109”. Under the asset and liability method of ASC 740, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period the enactment occurs. A valuation allowance is provided for certain deferred tax assets if it is more likely than not that the Company will not realize tax assets through future operations.

Revenue Recognition

Revenue Recognition

The Company recognizes revenue from the sale of goods and services in accordance with ASC 605, "Revenue Recognition." Revenue consists of proceeds and commissions from sale of DVDs and videos. Revenue is recognized only when all of the following criteria have been met:

i.      Persuasive evidence for an agreement exists

ii.     Goods (DVD) have been delivered

iii.    The fee is fixed or determinable

iv.    Revenue is reasonably assured

Revenue is recognized in the period product is delivered where product price is fixed or determinable and collectability is reasonably assured. The company generated revenue in the amounts of $339 for the quarter ended April 30, 2016.

Fair Value Measurements

Fair Value Measurements

In January 2010, the FASB ASC Topic 825, “Financial Instrument”, requires disclosures about fair value of financial instruments in quarterly reports as well as in annual reports. For the Company, this statement applies to certain investments and long-term debt. Also, the FASB ASC Topic 820, “Fair Value Measurements and Disclosure”, clarifies the definition of fair value for financial reporting, establishes a framework for measuring fair value and requires additional disclosures about the use of fair value measurements.

Various inputs are considered when determining the value of the Company’s investments and long-term debt. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. These inputs are summarized in the three broad levels listed below.

·         Level 1 – observable market in-puts that are unadjusted quoted prices for identical assets or liabilities in active markets.

·         Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, credit risk, etc.).

·         Level 3 – significant unobservable inputs (including the Company’s own assumptions in determining the fair value of investments).

The Company’s adoption of FASB ASC Topic 825 effectively at the inception did not have a material impact on the Company’s financial statements.

The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted fair value when a significant event occurs. The Company had no financial assets or liabilities carried and measured on a nonrecurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. The Company does not have financial assets as an investment carried at fair value on a recurring basis as of January 31, 2016. The Company’s financial instruments consist of cash, accounts receivable, accrued expenses and related party notes payable. The carrying amount of these financial instruments approximates fair value either based on the length of maturities or interest notes that approximate prevailing market rates unless otherwise discussed in these financial statements.

Common Stock

Common Stock

The holders of the Company’s common stock are entitled to receive dividends out of assets or funds legally available for the payment of dividends at such times and in such amounts as the board from time to time may determine. Holders of common stock are entitled to one vote for each share held on all matters submitted to a vote of shareholders. There is no cumulative voting of the election of directors then standing for election. The common stock is not entitled to pre-emptive rights and is not subject to conversion or redemption. Upon liquidation, dissolution or winding up of the company, the assets legally available for distribution to stockholders are distributable ratably among the holders of the common stock after payment of liquidation preferences, if any, on any outstanding payment of other claims of creditors.

Basic and Diluted Earnings per Share

Basic and Diluted Earnings per Share

Basic earnings per share are based on the weighted-average number of shares of common stock outstanding.

The FASB ASC Topic 260, “Earnings per Share”, requires the Company to include additional shares in the computation of earnings per share, assuming dilution.

Diluted earnings per share are based on the assumption that all dilutive options were converted or exercised. Dilution is computed by applying the treasury stock method. Under this method, options are assumed to be exercised at the time of issuance, and as if funds obtained thereby were used to purchase common stock at the average market price during the period. The Company does not have diluted effects on common stock as there was no warrant or option issued.

Basic and diluted earnings per share are the same as there was no dilutive effect of outstanding stock options for the period ended April 30, 2016.

The following is a reconciliation of basic and diluted earnings per share for the nine months ended April 30, 2016 and 2015:

		Period Ended		Period Ended
		April 30, 2016		April 30, 2015
Numerator:
Net (loss) available to common shareholders	$	(45,047)	$	(20,548)
Denominator:
Weighted average shares – basic		207,490,000		207,490,000
Net (loss) per share – basic and diluted	$	(0.00)	$	(0.00)

Recent Accounting Pronouncements

Recent Accounting Pronouncements

In June 2014, the FASB issued ASU 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 The amendment results in the removal of all incremental financial reporting requirements from U.S. GAAP for development stage entities, thereby, improving financial reporting by eliminating the cost and complexity associated with providing that information.

The amendments related to the elimination of inception-to-date information and the other remaining disclosure requirements of Topic 915 should be applied retrospectively except for the clarification to Topic 275, which shall be applied prospectively. For public business entities, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim period therein. For other entities, the amendments are effective for annual reporting periods beginning after December 15, 2014, and interim reporting periods beginning after December 15, 2015. The Company’s adoption of the new standard is not expected to have a material effect on the Company’s consolidated financial position or results of operations.

In May 2014, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) (collectively, the Boards) jointly issued a comprehensive new revenue recognition standard that will supersede nearly all existing revenue recognition guidance under US GAAP and IFRS. This converged standard is effective for annual and interim periods beginning after December 15, 2016. The Company is currently assessing the potential effects on our financial condition and results of operations.

XML

Schedule of Basic and Diluted Earnings per Share (Tables)

9 Months Ended

Apr. 30, 2016

Schedule of Basic and Diluted Earnings per Share

Schedule of Basic and Diluted Earnings per Share

The following is a reconciliation of basic and diluted earnings per share for the nine months ended April 30, 2016 and 2015:

		Period Ended		Period Ended
		April 30, 2016		April 30, 2015
Numerator:
Net (loss) available to common shareholders	$	(45,047)	$	(20,548)
Denominator:
Weighted average shares – basic		207,490,000		207,490,000
Net (loss) per share – basic and diluted	$	(0.00)	$	(0.00)

XML

SIGNIFICANT ACCOUNTING POLICIES (Details)	Apr. 30, 2016 USD ($)	Jul. 31, 2015 USD ($)
Cash {2}
Unrestricted cash	$ 21,302	$ 221
Website Development Cost
Estimated useful lives in years		3
Restricted Cash
Company had restricted cash		$ 22,937

XML

EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Numerator:
Net (loss) available to common shareholders	$ (45,047)	$ (20,548)
Denominator:
Weighted average shares - basic	207,490,000	207,490,000
Net (loss) per share - basic and diluted	$ 0.00	$ 0.00

XML

ADVANCE FROM SHAREHOLDERS (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2016	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2013	Jul. 31, 2012
ADVANCE FROM SHAREHOLDERS DETAILS
Company has loan					$ 21,988
Additional advances			$ 6,650	$ 4,220
Majority shareholder paid				$ 9,086
Shareholders advanced additional funds	$ 21,626	$ 22,633
Balances of Advances	$ 59,715	$ 81,341

XML

PROMISSORY NOTE RELATED PARTY (Details)	Jan. 31, 2013 USD ($)
PROMISSORY NOTE RELATED PARTY DETAILS
Promissory note	$ 484,029
Increased the balance of promissory note	$ 489
Interest rate on note	4.00%

XML

INTEREST (Details) - USD ($)	3 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
INTEREST DETAILS
Interest expense	$ 14,521	$ 14,521

XML

CAPITAL STOCK TRANSACTIONS (Details) - USD ($)	Apr. 30, 2016	Apr. 30, 2015	Jul. 31, 2014	Jan. 31, 2013	Jan. 15, 2013	Mar. 31, 2012
CAPITAL STOCK TRANSACTIONS
Shares were issued						200,000
Shares were issued for cash						$ 10,000
Shares were issued at a price per share						$ 0.05
Shares were issued as part of merger/acquisition					440,000
Shares were issued for contracted services				50,000
Shares were issued at contracted price per share				$ 0.10
Shares were issued at contracted price per share par value				$ 0.001
Shares of common stock issued and outstanding		207,940,000	207,940,000
Company had received subscription payments	$ 31,300
Company had received subscription shares	313,000

XML

CAPITAL STOCK (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2015	Jul. 31, 2012
CAPITAL STOCK DETAILS
Common shares have been issued to shareholders for services		201,840,000
Shares were issued with a par value		$ 0.001
Additional share of common stock		1,000,000
Per share value of shares issued		$ 0.001
Company has sold pending stock subscriptions shares	227,000
Company has sold pending stock subscriptions shares value	$ 22,700
IPO offering has a minimum goal of shares	$ 3,000,000

XML

DISTRIBUTION AGREEMENT (Details)	Sep. 02, 2011
DISTRIBUTION AGREEMENT DETAILS
Company to pay the Bosko Group of the selling price	10.00%
Agreement remain in effect in years	4

XML

SUBSEQUENT TRANSACTIONS (Details)	May 29, 2016 USD ($)
SUBSEQUENT TRANSACTIONS
Company was able to sell shares offering to a total of 59 new investors	$ 1,227,000