10-Q

U.S. SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

Form 10-Q

Mark One

[ X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2015

[   ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES

EXCHANGE ACT OF 1934

For the transition period from ______ to _______

Commission File No. 333-203997

UVIC INC.

 (Exact name of registrant as specified in its charter)

Nevada

(State or Other Jurisdiction of Incorporation or Organization)

30-0796392

IRS Employer Identification Number

7372

Primary Standard Industrial Classification Code Number

2235 E. Flamingo Rd., #100G

Las Vegas, NV 89119

Tel.  702-608-4543

 (Address and telephone number of principal executive offices)

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 filed, an accelerated filer, a non-accelerated filer, or a smaller reporting company.

Large accelerated filer [  ]	Accelerated filer [   ]
Non-accelerated filer [   ]	Smaller reporting company [X]

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

Applicable Only to Issuer Involved in Bankruptcy Proceedings During the Preceding Five Years.   N/A

Indicate by checkmark whether the issuer has filed all documents and reports required to be filed by Section 12, 13 and 15(d) of the Securities Exchange Act of 1934 after the distribution of securities under a plan confirmed by a court.   Yes[   ]  No[   ]

Applicable Only to Corporate Registrants

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the most practicable date:

Class	Outstanding as of August 15, 2016
Common Stock, $0.001	9,670,000

In the opinion of management, the accompanying unaudited financial statements contain all adjustments necessary to present fairly the Company's financial position as of June 30, 2016 and the results of its operations for the three month period ended June 30, 2016 and its cash flows for the three month period ended June 30, 2016.

INDEX

PART 1	FINANCIAL INFORMATION
ITEM 1.	Financial Statements	4
	Balance Sheets	4
	Statements of Operations	5
	Statement of Changes in Stockholders' Equity
	Statements of Cash Flows	6
	Notes to Financial Statements	7
ITEM 2.	Management's Discussion and Analysis of Financial Condition and Results of Operations	13
ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	14
ITEM 4.	Controls and Procedures	15
PART II.	OTHER INFORMATION
ITEM 1.	Legal Proceedings	15
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	15
ITEM 3	Defaults Upon Senior Securities	15
ITEM 4	Mine Safety Disclosures	15
ITEM 5	Other Information	15
ITEM 6	Exhibits	16

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ITEM 1.  FINANCIAL STATEMENTS

UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

BALANCE SHEETS

	JUNE 30, 2016 (UNAUDITED)			MARCH 31, 2016 (AUDITED)
ASSETS
Current Assets
Cash	$	-		$	254
Prepaid expenses		-			-
Security deposit		-			-
Total current assets		-			254
Fixed assets
Plant and Machinery		1,049			1,207
		1,049			1,207
Total Assets	$	1,049		$	1,461
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Current Liabilities
Loan from shareholder	$	4,479		$	4,621
Loan from others		6,100			6,100
Other liabilities		1,965			92
Total current liabilities		12,544			10,813
Total Liabilities	$	12,544		$	10,813
Stockholders' Equity (Deficit)
Common stock, $0.001 par value, 75,000,000 shares authorized;
9,670,000 shares issued and outstanding (7,000,000 shares issued and outstanding as of June 30, 2016)		9,670			9,670
Additional paid-in-capital		24,030			24,030
Deficit accumulated during the development stage		(45,195	)		(43,052	)
Total Stockholders' Equity (Deficit)		(11,495	)		(9,352	)
Total Liabilities and Stockholders' Equity (Deficit)	$	1,049		$	1,461

The accompanying notes are an integral part of these financial statements.

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UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF OPERATIONS

(UNAUDITED)

	Three months ended June 30, 2016			Three months ended March 31, 2016			Year ended March 31, 2016			Year ended March 31, 2015			For the period from Inception (August 21, 2013) to March 31, 2016			For the period from Inception (August 21, 2013) to March 31, 2015
Revenues	$	0		$	0		$	3,907		$	1,307		$	5,214		$	1,307
Operating expenses
General and administrative expenses		2,143			26,017			45,365			2,695			48,266			2,901
Net loss from operations		(2,143	)		(26,017	)		(41,458	)		(1,388	)		(43,052	)		(1,594	)
Loss before taxes		(2,143	)		(26,017	)		(41,458	)		(1,388	)		(43,052	)		(1,594	)
Provision for taxes		-			-			-			-			-			-
Net loss	$	(2,143	)	$	(26,017	)	$	(41,458	)	$	(1,388	)	$	(43,052	)	$	(1,594	)
Loss per common share:  Basic and Diluted	$	(0.00	)*	$	(0.00	)*	$	(0.00	)*	$	(0.00	)*
Weighted Average Number of Common Shares  Outstanding: Basic and Diluted		9,670,000			9,670,000			8,629,507			2,378,082

* Denotes a loss of less than $(0.01) per share

The accompanying notes are an integral part of these financial statements.

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UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY

FOR THE PERIOD FROM INCEPTION (AUGUST 21, 2013) to June 30, 2016

(UNAUDITED)

 

	Number of Common Shares		Amount		Additional Paid-in- Capital		Deficit accumulated during development stage			Total
Balances at August 21, 2013, Inception		-	$	-	$	-	$	-		$	-
Net loss for the period		-		-		-		(206	)		(206	)
Balances as of  March 31, 2014		-		-		-		(206	)		(206	)
Common shares issued for cash  at $0.001 per share on November 28, 2014		7,000,000		7,000		-		-			7,000
Net loss for the year		-		-		-		(1,388	)		(1,388	)
Balances as of March 31, 2015		7,000,000		7,000		-		(1,594	)		5,406
Common shares issued for cash  at $0.01 per share		2,670,000		2,670		24,030		-			26,700
Net loss for the year								(41,458	)		(41,458	)
Balance as of March 31, 2016		9,670,000	$	9,670	$	24,030	$	(43,052	)	$	(9,352	)
Common shares issued for cash  at $0.01 per share		-		-		-		-			-
Net loss for the year								(2,143	)		(2,143	)
Balance as of June 30, 2016		9,670,000	$	9,670	$	24,030	$	(45,195	)	$	(11,495	)

The accompanying notes are an integral part of these financial statements.

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UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Quarter ended June 30, 2016			Year ended March 31, 2016			Year ended March 31, 2015			For the period from Inception (August 21, 2013) to March 31, 2016			For the period from Inception (August 21, 2013) to March 31, 2015
Operating Activities
Net loss	$	(2,143	)	$	(41,458	)	$	(1,388	)	$	(43,052	)	$	(1,594	)
Prepaid expenses					500			(500	)					(500	)
Amortization		158			693						693
Security deposit					250			(250	)					(250	)
Expense Accrual		1,873			92						92
Net cash used in operating activities		(112	)		(39,923	)		(2,138	)		(42,267	)		(2,344	)
Investing Activities								(1,900	)		(1,900	)		(1,900	)
Net cash provided by (used in) investing activities								(1,900	)		(1,900	)		(1,900	)
Financing Activities
Proceeds from sale of common stock					26,700			7,000			33,700			7,000
Proceeds from loan from shareholder		(142	)		3,870			545			4,621			751
Proceeds from loan from others					6,100						6,100
Net cash provided by financing activities		(142	)		36,670			7,545			44,421			7,751
Net increase in cash and equivalents		(254	)		(3,253	)		3,507			254			3,507
Cash and equivalents at beginning of the period		254			3,507			0			3,507			0
Cash and equivalents at end of the period		0		$	254		$	3,507			3,761		$	3,507
Supplemental cash flow information:
Cash paid for:
Interest	$	-		$	-		$	-		$	-		$	-
Taxes	$	-		$	-		$	-		$	-		$	-

The accompanying notes are an integral part of these financial statements.

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UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE AUDITED FINANCIAL STATEMENTS

FOR THE QUARTER ENDED JUNE 30, 2016 AND THE PERIOD FROM INCEPTION (AUGUST 21, 2013) TO June 30, 2016

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

Organization and Description of Business

UVIC, INC. (the "Company", "we" or "us") was incorporated under the laws of the State of Nevada on August 21, 2013 ("Inception") and has adopted March 31 fiscal year end. The Company is in the development stage as defined under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915-205 "Development-Stage Entities."

NOTE 2 – GOING CONCERN

The Company has incurred a loss since Inception (August 21, 2013) resulting in an accumulated deficit of ($45,195) as of June 30, 2016 and further losses are anticipated in the development of its business.  Accordingly, there is substantial doubt about the Company's ability to continue as a going concern.  Management believes that the Company's capital requirements will depend on many factors including the success of the Company's development efforts and its efforts to raise capital. Management also believes the Company needs to raise additional capital for working capital purposes. There is no assurance that such financing will be available in the future.   The conditions described above raise substantial doubt about our ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and, or, the  private placement of common stock.

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's year -end is March 31.

Revenue Recognition

The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, "Revenue Recognition" ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

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UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE AUDITED FINANCIAL STATEMENTS

FOR THE QUARTER ENDED JUNE 30, 2016 AND THE PERIOD FROM INCEPTION (AUGUST 21, 2013) TO June 30, 2016

Accounts Receivable

Accounts receivable is reported at the customers' outstanding balances, less any allowance for doubtful accounts.  Interest is not accrued on overdue accounts receivable.

Allowance for Doubtful Accounts

An allowance for doubtful accounts on accounts receivable is charged to operations in amounts sufficient to maintain the allowance for uncollectible accounts at a level management believes is adequate to cover any probable losses.  Management determines the adequacy of the allowance based on historical write-off percentages and information collected from individual customers.  Accounts receivable are charged off against the allowance when collectability is determined to be permanently impaired

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At September 30, 2015 the Company's bank deposits did not exceed the insured amounts.

Basic and Diluted Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

For the three months periods ended September  30, 2015 and 2014 there were no potentially dilutive debt or equity instruments issued or  outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses in these years.

Fair Value of Financial Instruments

ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2:  defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3:  defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company's loan from shareholder approximates its fair value due to their short-term maturity.

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UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE AUDITED FINANCIAL STATEMENTS

FOR THE QUARTER ENDED JUNE 30, 2016 AND THE PERIOD FROM INCEPTION (AUGUST 21, 2013) TO June 30, 2016

Income Taxes

The Company accounts for income taxes pursuant to FASB ASC 740 "Income Taxes". Under ASC 740 deferred income taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. 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 provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities.

Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

 ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At June 30, 2016, there were no unrecognized tax benefits.

Advertising Costs

The Company's policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during quarter ended June 30, 2016.

Business segments

ASC 280, "Segment Reporting" requires use of the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. The Company determined it has one operating segment as of June 30, 2016.

Recent accounting pronouncements

The Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company's financial reporting, the Company undertakes a study to determine the consequence of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company's financials properly reflect the change. The Company currently does not have any recent accounting pronouncements that they are studying and feel may be applicable.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Stock-Based Compensation

As of June 30, 2016, the Company has not issued any stock-based payments to its employees.

Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

Fixed Asset Policy: Depreciation Policy

Property and equipment are stated at cost and depreciated on the straight line method over the estimated life of the asset, which is 3 years. For accounting and interim financial reporting purposes, depreciation expense is recorded on a monthly basis.

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UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE AUDITED FINANCIAL STATEMENTS

FOR THE QUARTER ENDED JUNE 30, 2016 AND THE PERIOD FROM INCEPTION (AUGUST 21, 2013) TO June 30, 2016

NOTE 4 – COMMON STOCK

The Company has 75,000,000 shares of common stock authorized with a par value of $ 0.001 per share.

On November 28, 2014, the Company issued 7,000,000 shares of its common stock at $0.001 per share for total proceeds of $7,000. In August and September 2015, the Company issued 2,670,000 shares of its common stock at $0.01 per share for total proceeds of $26,700.

As at June 30, 2016, 9,670,000 shares of common stock were issued and outstanding.

NOTE 5 – INCOME TAXES

As of June 30, 2016 the Company had net operating loss carry forwards of $45,195 that may be available to reduce future years' taxable income through 2035. However, the Company's ability to use the carryover net operating loss may be substantially limited or eliminated pursuant to Internal Revenue Code Section 382. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

NOTE 6 – LOAN FROM SHAREHOLDER

In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

Since August 21, 2013 (Inception) through June 30, 2016, the Company's sole shareholder and director loaned the Company $4,479 to pay for incorporation costs and operating expenses.  As of June 30, 2016, the amount outstanding was $4,479. The loan is non-interest bearing, due upon demand and unsecured.

NOTE 7 - COMMITMENTS AND CONTINGENCIES 

Commitments:

The Company currently has no long term commitments as of our balance sheet date.

Contingencies:

None as of our balance sheet date.

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UVIC, INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE AUDITED FINANCIAL STATEMENTS

FOR THE QUARTER ENDED JUNE 30, 2016 AND THE PERIOD FROM INCEPTION (AUGUST 21, 2013) TO June 30, 2016

NOTE 8– SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to June 30, 2016 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION

General

UVIC, INC. (the "Company", "we" or "us") was incorporated under the laws of the State of Nevada on August 21, 2013 ("Inception") and has adopted March 31 fiscal year end. Our initial intent was to develop a web catalog integrated within the inventory count of any kind of shops aimed at all sorts of customers willing to acquire goods of any purpose. We planned to provide the customers with the up-to-date information concerning available goods and second, the online shop service will be offered, as an optional one. However, currently we are in negotiations to acquire Zoompass, Inc., an Ontario Canada corporation. If we close,  Zoompass will became our wholly owned subsidiary.  Zoompass is a carrier-class transaction platform from run sa program services business that enables and manages prepaid, check replacement, remittance, retail branded ePayments as well as Incentive card programs. Its partners include Visa and a Canadian bank its customers include businesses and governments for which Zoompass runs a wide range of open loop prepaid programs, including gift cards, incentive cards, check replacement cards and online virtual card account programs. There is no assurance that we will be able to close on the acquisition of Zoompass.

RESULTS OF OPERATION

At June 30, 2016, we were a development stage company with limited operations.   As of June 30, 2016, we had total assets of $1,049 and total liabilities of $12,544. Since inception to June 30, 2016, we had an accumulated a deficit of $11,495.  Even if we close on the acquisition of Zoompass, we anticipate that we will commence continue to incur losses in the next 12 months. Our financial statements have been prepared assuming that we will continue as a going concern. We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three Month Period June 30, 2016

Our net loss for the three month period ended June 30, 2016 was $2,143 and during that three month period we did not generate any revenue. We expect that to change with the anticipated acquisition of Zoompass.

LIQUIDITY AND CAPITAL RESOURCES

As of June 30, 2015

As of December June 30, 2016, our total assets were $1.049 as compared to $6,780 in total assets at June 30, 2015. Total assets were comprised of plant and machinery. As of June 30, 2016, our current liabilities were $12,544 which comprised of a loan from shareholder, other loans and other liabilities.  If the Zoompass acquisition closes, we anticipate that the loans will be forgiven.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities.

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PLAN OF OPERATION AND FUNDING

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business in conjunction with the anticipated acquisition of Zoompass as outlined above.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next twelve months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start- up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing may not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we may not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations.

OFF-BALANCE  SHEET ARRANGEMENTS

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING CONCERN

The independent auditors' report on our March 31, 2015 financial statements contained an explanatory paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared "assuming that we will continue as a going concern," which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

No report required.

ITEM 4. CONTROLS AND PROCEDURES

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

An evaluation was conducted under the supervision and with the participation of our management of the effectiveness of the design and operation of our disclosure controls and procedures as of December 31, 2015. Based on that evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in the reports that we file or submit under the Exchange Act, is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms. Such officer also confirmed that there was no change in our internal control over financial reporting during the Nine-month period ended December 31, 2015 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

No report required.

ITEM 4. MINE SAFETY DISCLOSURES

No report required.

ITEM 5. OTHER INFORMATION

None.

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ITEM 6. EXHIBITS

Exhibits:

31.1	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a)
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002
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 Document
101.LAB	XBRL Taxonomy Extension Label Linkbase Document
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document

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SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	UVIC, INC.
Dated: August 15, 2016	By: /s/ Iuldashkhan Umurzakov
	Iuldashkhan Umurzakov Chief Executive Officer, Principal Executive Oficer, Principal Financial Officer, Principal Accounting Officer and Director

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EX-31.1

Exhibit 31.1

Certification

I, Iuldashkhan Umurzakov, President and Chief Executive Officer and Chief Financial Officer of UVIC INC., certify that:

1.   I have reviewed this Quarterly Report on Form 10-Q of UVIC INC.;

2.   Based on my knowledge, this report does not contain any untrue statement of 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 quarterly 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(s) 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  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  disclosure   control  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  control over  financial  reporting,  or caused such internal  control over  financial  reporting 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 registrant's  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;

     d)   disclosed  in this  report  any  change in the  registrant's  internal  control over financial reporting that occurred during the registrant's  most recent fiscal quarter (the registrant's  fourth fiscal quarter in the case of an annual  report)  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(s) 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 the equivalent functions):

     a)   all significant  deficiencies and material weaknesses in the design or operation  of internal  control  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: August 15, 2016

/s/ Iuldashkhan Umurzakov

____________________________

Iuldashkhan Umurzakov, President,

Chief Executive Officer and Chief Financial Officer

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 of UVIC INC.(the "Company")  on Form 10-Q for the period  ended June 30, 2016 as filed with the Securities  and  Exchange  Commission  on the date  hereof (the  "Report"),  the undersigned,  in the  capacities  and  on  the  dates  indicated  below,  hereby certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to his knowledge:

     1.   The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

     2.   The  information  contained  in the  Report  fairly  presents,  in all material respects,  the financial  condition and   results of operations  of the Company.

Date: August 15, 2016

/s/ Iuldashkhan Umurzakov

Iuldashkhan Umurzakov

President,Chief Executive Officer and

Chief Financial Officer

XML

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2016	Aug. 15, 2016
Document And Entity Information
Entity Registrant Name	UVIC INC.
Entity Central Index Key	0001635748
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--03-31
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		9,670,000
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2016

XML

Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2016	Mar. 31, 2016
Current Assets
Cash		$ 254
Prepaid expenses
Security deposit
Total current assets		254
Fixed assets
Plant and Machinery	1,049	1,207
Total Assets	1,049	1,461
Current Liabilities
Loan from shareholder	4,479	4,621
Loan from others	6,100	6,100
Other liabilities	1,965	92
Total current liabilities	12,544	10,813
Total Liabilities	12,544	10,813
Stockholders' Equity (Deficit)
Common stock, $0.001 par value, 75,000,000 shares authorized; 9,670,000 shares issued and outstanding (7,000,000 shares issued and outstanding as of June 30, 2016)	9,670	9,670
Additional paid-in-capital	24,030	24,030
Deficit accumulated during the development stage	(45,195)	(43,052)
Total Stockholders' Equity (Deficit)	(11,495)	(9,352)
Total Liabilities and Stockholders' Equity (Deficit)	$ 1,049	$ 1,461

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Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2016	Mar. 31, 2016
Statement of Financial Position [Abstract]
Common stock, authorized shares	75,000,000	75,000,000
Common stock, issued shares	9,670,000	7,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, outstanding shares	9,670,000	7,000,000

XML

Statements of Operations (Unaudited) - USD ($)	3 Months Ended			6 Months Ended	25 Months Ended
	Jun. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2014	Sep. 30, 2015
Income Statement [Abstract]
Revenues	$ 3,907	$ 1,300			$ 5,214
Operating expenses
General and administrative expenses	10,283	4,429			13,184
Net loss from operations	(6,376)	(3,129)			(7,970)
Loss before taxes	(6,376)	(3,129)			(7,970)
Provision for taxes
Net loss	$ (6,376)	$ (3,129)			$ (7,970)
Loss per common share: Basic and Diluted	$ (0.00)	$ (0.00)
Weighted Average Number of Common Shares Outstanding: Basic and Diluted	7,580,109	8,153,913

XML

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended	6 Months Ended	25 Months Ended
	Jun. 30, 2016	Sep. 30, 2014	Sep. 30, 2015
Operating Activities
Net loss	$ (6,376)		$ (7,970)
Prepaid expenses			(500)
Amortization	377		377
Security deposit			(250)
Net cash used in operating activities	(5,999)		(8,343)
Investing Activities			(1,900)
Net cash provided by (used in) investing activities			(1,900)
Financing Activities
Proceeds from sale of common stock	26,700		33,700
Proceeds from loan from shareholder	3,870		4,621
Net cash provided by financing activities	30,570		38,321
Net increase in cash and equivalents	24,571		28,078
Cash and equivalents at beginning of the period
Cash and equivalents at end of the period
Cash paid for:
Interest
Taxes

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STATEMENT OF CHANGES IN STOCKHOLDER'S EQUITY (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Deficit Accumulated During Development Stage	Total
Begnning Balance, Amount at Mar. 31, 2014			$ (200)	$ (200)
Common shares issued for cash, shares	7,000,000
Common shares issued for cash, Amount	$ 7,000			7,000
Net loss			(1,388)	(1,388)
Ending Balance, Shares at Mar. 31, 2015	7,000,000
Ending Balance, Amount at Mar. 31, 2015	$ 7,000		(1,594)
Common shares issued for cash, shares	2,670,000
Common shares issued for cash, Amount	$ 2,670	$ 24,030
Net loss			(6,376)
Ending Balance, Shares at Sep. 30, 2015	9,670,000
Ending Balance, Amount at Sep. 30, 2015	$ 9,670	$ 24,030	$ (7,970)
Begnning Balance, Amount at Mar. 31, 2016				(9,352)
Net loss				(6,376)
Ending Balance, Amount at Jun. 30, 2016				$ (11,495)

XML

ORGANIZATION AND BUSINESS OPERATIONS

3 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

ORGANIZATION AND BUSINESS OPERATIONS

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS

Organization and Description of Business

UVIC, INC. (the "Company", "we" or "us") was incorporated under the laws of the State of Nevada on August 21, 2013 ("Inception") and has adopted March 31 fiscal year end. The Company is in the development stage as defined under Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 915-205 "Development-Stage Entities."

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GOING CONCERN

3 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

GOING CONCERN

NOTE 2 – GOING CONCERN

The Company has incurred a loss since Inception (August 21, 2013) resulting in an accumulated deficit of $7,970 as of September 30, 2015 and further losses are anticipated in the development of its business.  Accordingly, there is substantial doubt about the Company's ability to continue as a going concern.  Management believes that the Company's capital requirements will depend on many factors including the success of the Company's development efforts and its efforts to raise capital. Management also believes the Company needs to raise additional capital for working capital purposes. There is no assurance that such financing will be available in the future.   The conditions described above raise substantial doubt about our ability to continue as a going concern. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern.

The ability to continue as a going concern is dependent upon the Company generating profitable operations in the future and, or, obtaining the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management intends to finance operating costs over the next twelve months with existing cash on hand, loans from directors and, or, the  private placement of common stock.  

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

3 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's year -end is March 31.

Revenue Recognition

The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, "Revenue Recognition" ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the

Accounts Receivable

Accounts receivable is reported at the customers' outstanding balances, less any allowance for doubtful accounts.  Interest is not accrued on overdue accounts receivable.

Allowance for Doubtful Accounts

An allowance for doubtful accounts on accounts receivable is charged to operations in amounts sufficient to maintain the allowance for uncollectible accounts at a level management believes is adequate to cover any probable losses.  Management determines the adequacy of the allowance based on historical write-off percentages and information collected from individual customers.  Accounts receivable are charged off against the allowance when collectability is determined to be permanently impaired

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At September 30, 2015 the Company's bank deposits did not exceed the insured amounts.

Basic and Diluted Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

For the three months periods ended September  30, 2015 and 2014 there were no potentially dilutive debt or equity instruments issued or  outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses in these years.

Fair Value of Financial Instruments

ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1: defined as observable inputs such as quoted prices in active markets;

Level 2:  defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and

Level 3:  defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company's loan from shareholder approximates its fair value due to their short-term maturity.

Income Taxes

The Company accounts for income taxes pursuant to FASB ASC 740 "Income Taxes". Under ASC 740 deferred income taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. 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 provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities.

Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At September 30, 2015, there were no unrecognized tax benefits.

Advertising Costs

The Company's policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during three months periods ended September 30, 2015 and 2014.

Business Segments

ASC 280, "Segment Reporting" requires use of the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. The Company determined it has one operating segment as of September 30, 2015.

Recent accounting pronouncements

The Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company's financial reporting, the Company undertakes a study to determine the consequence of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company's financials properly reflect the change. The Company currently does not have any recent accounting pronouncements that they are studying and feel may be applicable.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Stock-Based Compensation

As of September 30, 2015, the Company has not issued any stock-based payments to its employees.

Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

Fixed Asset Policy: Depreciation Policy

Property and equipment are stated at cost and depreciated on the straight line method over the estimated life of the asset, which is 3 years. For accounting and interim financial reporting purposes, depreciation expense is recorded on a monthly basis.

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COMMON STOCK

3 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

COMMON STOCK

NOTE 4 – COMMON STOCK

The Company has 75,000,000 shares of common stock authorized with a par value of $ 0.001 per share.

On November 28, 2014, the Company issued 7,000,000 shares of its common stock at $0.001 per share for total proceeds of $7,000. In August and September 2015, the Company issued 2,670,000 shares of its common stock at $0.01 per share for total proceeds of $26,700.

As at September 30, 2015, 9,670,000 shares of common stock were issued and outstanding.

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INCOME TAXES

3 Months Ended

Jun. 30, 2016

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 5 – INCOME TAXES

As of September 30, 2015 the Company had net operating loss carry forwards of $7,970 that may be available to reduce future years' taxable income through 2035. However, the Company's ability to use the carryover net operating loss may be substantially limited or eliminated pursuant to Internal Revenue Code Section 382. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

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LOAN FROM SHAREHOLDER

3 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

LOAN FROM SHAREHOLDER

NOTE 6 – LOAN FROM SHAREHOLDER

In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.  

Since August 21, 2013 (Inception) through September 30, 2015, the Company's sole shareholder and director loaned the Company $4,621 to pay for incorporation costs and operating expenses.  As of September 30, 2015, the amount outstanding was $4,621. The loan is non-interest bearing, due upon demand and unsecured.

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COMMITMENTS AND CONTINGENCIES

3 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 7 - COMMITMENTS AND CONTINGENCIES 

Commitments:

The Company currently has no long term commitments as of our balance sheet date.

Contingencies:

None as of our balance sheet date.

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SUBSEQUENT EVENTS

3 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 8– SUBSEQUENT EVENTS

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to September 30, 2015 to the date these financial statements were issued, and has determined that it does not have any material subsequent events to disclose in these financial statements.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

3 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America and are presented in US dollars. The Company's year -end is March 31.

Revenue Recognition

Revenue Recognition

The Company will recognize revenue in accordance with Accounting Standards Codification No. 605, "Revenue Recognition" ("ASC-605"), ASC-605 requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred; (3) the selling price is fixed and determinable; and (4) collectibility is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectibility of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company will defer any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the

Accounts Receivable

Accounts Receivable

Accounts receivable is reported at the customers' outstanding balances, less any allowance for doubtful accounts.  Interest is not accrued on overdue accounts receivable.

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts

An allowance for doubtful accounts on accounts receivable is charged to operations in amounts sufficient to maintain the allowance for uncollectible accounts at a level management believes is adequate to cover any probable losses.  Management determines the adequacy of the allowance based on historical write-off percentages and information collected from individual customers.  Accounts receivable are charged off against the allowance when collectability is determined to be permanently impaired

Cash and Cash Equivalents

Cash and Cash Equivalents

For purposes of the statement of cash flows, the Company considers all highly liquid instruments purchased with an original maturity of three months or less to be cash equivalents. The Company's bank accounts are deposited in insured institutions. The funds are insured up to $250,000. At September 30, 2015 the Company's bank deposits did not exceed the insured amounts.

Basic and Diluted Income (Loss) Per Share

Basic and Diluted Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260, "Earnings per Share" which requires presentation of both basic and diluted earnings per share on the face of the statement of operations. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive.

For the three months periods ended September  30, 2015 and 2014 there were no potentially dilutive debt or equity instruments issued or  outstanding and any such shares would have been excluded from the computation because they would have been anti-dilutive as the Company incurred losses in these years.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

ASC 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

Income Taxes

Income Taxes

The Company accounts for income taxes pursuant to FASB ASC 740 "Income Taxes". Under ASC 740 deferred income taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss carryforwards and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities and their tax bases. 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 provision for income taxes represents the tax expense for the period, if any, and the change during the period in deferred tax assets and liabilities.

Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

ASC 740 also provides criteria for the recognition, measurement, presentation and disclosure of uncertain tax positions. Under ASC 740, the impact of an uncertain tax position on the income tax return may only be recognized at the largest amount that is more-likely-than-not to be sustained upon audit by the relevant taxing authority. At September 30, 2015, there were no unrecognized tax benefits.

Advertising Costs

Advertising Costs

The Company's policy regarding advertising is to expense advertising when incurred. The Company incurred advertising expense of $0 during three months periods ended September 30, 2015 and 2014.

Business Segments

Business Segments

ASC 280, "Segment Reporting" requires use of the "management approach" model for segment reporting. The management approach model is based on the way a company's management organizes segments within the company for making operating decisions and assessing performance. The Company determined it has one operating segment as of September 30, 2015.

Recent accounting pronouncements

Recent accounting pronouncements

The Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company's financial reporting, the Company undertakes a study to determine the consequence of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company's financials properly reflect the change. The Company currently does not have any recent accounting pronouncements that they are studying and feel may be applicable.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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 the financial statements and the reported amount of revenues and expenses during the reporting period.  Actual results could differ from those estimates.

Stock-Based Compensation

Stock-Based Compensation

As of September 30, 2015, the Company has not issued any stock-based payments to its employees.

Stock-based compensation is accounted for at fair value in accordance with ASC 718, when applicable.  To date, the Company has not adopted a stock option plan and has not granted any stock options.

Fixed Asset Policy: Depreciation Policy

Fixed Asset Policy: Depreciation Policy

Property and equipment are stated at cost and depreciated on the straight line method over the estimated life of the asset, which is 3 years. For accounting and interim financial reporting purposes, depreciation expense is recorded on a monthly basis.

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INCOME TAXES (Details Narrative)	Jun. 30, 2016 USD ($)
Income Tax Disclosure [Abstract]
Net operating loss carry forwards	$ 7,970

XML

LOAN FROM SHAREHOLDER (Details Narrative)	Jun. 30, 2016 USD ($)
Debt Disclosure [Abstract]
Loan from shareholder	$ 4,621
Amount currently due on loan	$ 4,621

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Label	Element	Value
Deficit Accumulated During Development Stage
Net loss	us-gaap_NetIncomeLoss	$ (200)