10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

FOR THE QUARTERLY PERIOD ENDED: June 30, 2016

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

Commission File Number 0-50584

LD Holdings, Inc.

 (Exact name of registrant as specified in its charter)

Nevada	98-0335555
(State of Incorporation)	(IRS Employer Identification No.)
1070 Commerce Drive
Building II, Suite 303
Perrysburg, OH	43551
(Address of principal executive office)	(Zip Code)

Registrant's telephone number, including area code: (419) 873-1111

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

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

As of August 15, 2016, 25,280,351 shares of Common Stock issued and outstanding and 974,156 preferred shares outstanding.

Transitional Small Business Disclosure Format (check one): Yes [  ] No [X]

 

LD Holdings, Inc.
Consolidated Balance Sheets
	June 30,			December 31,
	2016			2015
	(unaudited)
Assets
Current Assets
Cash	$	15,949		$	9,738
Prepaid expenses		7,719			15,543
Total Current Assets		23,668			25,281
Liabilities and Stockholder's Impairment
Current Liabilities
Accounts payable and accrued expenses	$	2,143,421		$	2,153,675
Accrued interest payable		177,119			165,734
Accrued interest payable - related parties		719,003			685,677
Liabilities to be settled in stock		132,500			-
Promissory notes payable		147,897			147,897
Promissory notes payable - related parties		2,154,704			2,106,076
Total Current Liabilities		5,474,644			5,259,059
Convertible promissory notes, net of unamortized discount		244,959			238,802
Total Liabilities		5,719,603			5,497,861
Commitments and Contingencies
Stockholders' Impairment
Series A, convertible preferred stock, par value $0.001; 974,156 shares authorized, issued and outstanding		974			974
Common stock, par value $0.001; 25,840,351 shares authorized, 25,840,351 shares issued and 25,280,351 shares outstanding		25,820			25,820
Additional paid in capital		4,670,338			4,670,338
Accumulated deficit		(10,392,527	)		(10,169,172	)
Total Stockholders' Impairment		(5,695,935	)		(5,472,580	)
Total Liabilities and Stockholders' Impairment	$	23,668		$	25,281

The attached notes are an integral part of these consolidated financial statements.

2

LD Holdings, Inc.
Consolidated Statements of Operations
(unaudited)
	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2016			2015			2016			2015
Sales - related party	$	15,000		$	15,000		$	30,000		$	30,000
Cost of Sales		4,683			4,800			7,420			9,600
Gross Profit		10,317			10,200			22,580			20,400
Selling, General &
Administrative Expenses		89,244			84,207			196,940			212,153
Operating Loss		(78,927	)		(74,007	)		(174,360	)		(191,753	)
Other Income (Expense)
Interest expense		(25,078	)		(19,356	)		(48,995	)		(37,333	)
Total Other Income (Expense)		(25,078	)		(19,356	)		(48,995	)		(37,333	)
Loss from continuing operations		(104,005	)		(93,363	)		(223,355	)		(229,086	)
Net Loss	$	(104,005	)	$	(93,363	)	$	(223,355	)	$	(229,086	)
Loss from continuing operations	$	-		$	-		$	(0.01	)	$	(0.01	)
Loss per share, basic and diluted	$	-		$	-		$	(0.01	)	$	(0.01	)
Weighted Average Common Shares Outstanding		25,280,351			25,280,351			25,280,351			25,198,129

The attached notes are an integral part of these consolidated financial statements.

3

LD Holdings, Inc.
Consolidated Statements of Cash Flows
(unaudited)
	Six Months Ended
	June 30,
	2016			2015
Cash Flows From Operating Activities:
Net Loss	$	(223,355	)	$	(229,086	)
Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities
Operating Activities:
Shares issued for services		-			78,340
Amortization of debt discount-beneficial conversion features		1,657			611
Changes in Operating Assets and Liabilities
Prepaid Expense		7,824			(12,176	)
Accounts payable and accrued expenses		(10,254	)		43,727
Accrued interest payable		11,385			3,068
Accrued interest payable - related parties		33,326			33,963
Net Cash (Used) by Operating Activities		(179,417	)		(81,553	)
Cash Flows From Financing Activities
Proceeds from Notes Payable		4,500			92,500
Proceeds from Common Stock Subscriptions		132,500			-
Advances (repayments) from related party - Net		48,628			(6,378	)
Net Cash Provided by Financing Activities		185,628			86,122
Net Increase/(Decrease) in Cash and Equivalents		6,211			4,569
Cash and Equivalents at Beginning of Year		9,738			151
Cash and Equivalents at End of Year	$	15,949		$	4,720
Supplemental Disclosure of Cash Flow Information:
Cash paid during the year for:
Interest	$	2,627		$	-
Income taxes	$	-		$	-
Non Cash Financing and Investing Activities
Recognition of debt discount from beneficial conversion features	$	-		$	4,367

The attached notes are an integral part of these consolidated financial statements.

4

LD Holdings, Inc.

Notes to the Consolidated Financial Statements

1. Nature of Organization

LD Holdings, Inc. (the Company),  formerly Leisure Direct, Inc., was formed on January  1, 2000 under the name of ePoolSpas.com, Inc. The formation was effected by the issuance  of 1,750,000 shares of the Company's common stock for the intangible assets of theformer operating companies,  Olympic Pools, Inc.  and Preferred Concrete Placement,  Inc.  The Company is located  in Perrysburg, Ohio. The Company plans to acquire companies in a three (3) state area and then eventually roll out nationally.  In October 2010, as part of a broader  plan, the Company opened  the first of a series  of diners it plans  to open in the Midwest.It closed its diner  in Monroe, Michigan  at the end of August,  2011 and opened a new diner in Toledo, Ohio in October 2011.  The diners catered to thebaby boomer generation  with a family orientation. In early  2014, the last of the diners closed.

2. Summary of Significant Accounting Policies

Basis of Presentation

The accompanying financial statements included herein  have been prepared  in conformity  with accounting  principles generally  accepted in the  United States of America  and pursuant  to the rules and regulations of the Securities and Exchange Commission ("SEC").

The condensed balance sheet at December 31, 2015 was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited but, in the opinion of management, reflects all adjustments necessary for a fair presentation of the results for the periods covered. All such adjustments are of a normal recurring nature unless disclosed otherwise. These condensed financial statements, including notes, have been prepared in accordance with the applicable rules of the Securities and Exchange Commission and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These condensed financial statements should be read in conjunction with the financial statements and additional information as contained in our Annual Report on Form 10-K for the year ended December 31, 2015.

Revenue Recognition

Revenue for consulting services is recognized at the time the service has been rendered.

Cash and Cash Equivalents

For the purpose of the Statements of Cash Flows, Cash Equivalents include time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of the three (3) months or less.

Fair Value of Financial Instruments

The fair values  of accounts  payable and  other short-term  obligations approximate their carrying  values because of the short-term maturity of these financial  instruments.

Reclassifications

Certain prior year amounts have been reclassified for consistency with the current period adjustments.

Use of Estimates

The preparation of financial statements in conformity with 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 ofcontingent  assets and  liabilities at  the date of the financial  statements  and the reported  amounts of  revenue and expenses  during the reporting period. Actual results could differ from those estimates.

5

LD Holdings, Inc.

Notes to the Consolidated Financial Statements

3. Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company incurred losses of $104,005 and $223,355 during the three and six months ended June 30, 2016, respectively.  Also, as of June 30, 2016, the Company had $15,949 in cash, and current liabilities exceeded its current assets by $5,450,976. These matters raise substantial doubt about the Company's ability to continue as a going concern.

Management's plans include raising additional funding from debt and equity transactions that will be used to acquire point of sale outlets that should in turn increase sales. Also, the implementation of strong cost management practices and an increased focus on business development should result in the elimination of the operating losses suffered and improvement of cash flows; however, any results of the Company's plans cannot be assumed. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

4. Commitments and contingencies

The Company leases its office space from a related party, through common management and ownership, on a month-to-month basis. Rent expense was $7,500 and $7,500 for the three months ended June 30, 2016 and 2015, respectively, and was $15,000 and $15,000 for the six months ended June 30, 2016 and 2015, respectively.

A judgment creditor has obtained an order to issue corporation unissued shares.  There are no unissued shares to issue at June 30, 2016.  The Company believes it is contrary to law and will be reversed on appeal.  The Company has accrued an amount of $200,000 in prior years toward this obligation and does not believe it will incur further exposure beyond this.

5. Stockholders' Impairment

During the second quarter of 2016 the company issued 320,000 common stock subscriptions for $0.10 per share. The total amount of common stock subscriptions through the six months ended June 30, 2016 was $1,325,000 for $0.10 per share. The total amount received for the subscriptions was $132,500. The $132,500 subscription received is classified as liabilities to be settled in stock until the underlying shares are authorized, and the portion that was reclassified out of equity was $100,500 in the second quarter.

During the first quarter of 2015 the company issued 820,000 shares to four (4) individuals as compensation for services rendered to the company. The total compensation was valued at $0.28 per share based on the commitment date share value.  At June 30, 2015, a balance of $24,028 in these fees was recorded as a prepaid expense.

On December 1, 2014, LD Holdings, Inc. entered into an agreement with an Investment Banking firm and issued 75,000 shares as compensation. The total compensation was valued at $0.30 per share based on the commitment date share value. For the three months ended March 31, 2015, $5,623 was recorded as consulting expense.

6. Convertible Notes

In the three and six months ended June 30, 2016, and for the year ended December 31, 2015, the Company issued a total of $2,500, $5,000 and $245,000, respectively, in promissory notes payable.  The notes bear interest at 10% per year, compounded annually and payable quarterly.  The 2016 notes mature December 31, 2018.  The other notes mature on December 31, 2017.  The Company may prepay the notes upon written notice to the holders.  The notes are convertible at any time by the holder at a conversion price of $0.25 per share.  Based on this fixed conversion ratio on the respective commitment dates, the Company recognized a debt discount of $8,373 for the beneficial conversion feature underlying these notes during 2015.  Any accrued interest may also be converted at the fixed conversion price; therefore it represents a contingent beneficial feature.  A total of $1,657 of the debt discount was amortized to interest expense during the six months ended June 30, 2016.  A total of $6,131 of interest was accrued under these notes during the three months ended June 30, 2016.

7. Recent Issued and Newly Adopted Accounting Pronouncements

In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, "Revenue from Contracts with Customers" which requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services.  The new guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract.  In July 2015, the FASB voted to delay the effective date of ASU 2014-09 by one year to the first quarter of 2018 to provide companies sufficient time to implement the standards.  Early adoption will be permitted, but not before the first quarter of 2017.  Adoption can occur using one of two prescribed transition methods.  In March and April 2016, the FASB issued ASU 2016-08, "Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net)" and ASU 2016-10, "Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing" which provide supplemental adoption guidance and clarification to ASC 2014-09, ASU 2016-08 and ASU 2016-10 must be adopted concurrently with the adoption of ASU 2014-09.  The Company is currently evaluating the impact of these new standards.

6

LD Holdings, Inc.

Notes to the Consolidated Financial Statements

7. Recent Issued and Newly Adopted Accounting Pronouncements (continued)

In June 2014, the FASB issued ASU No. 2014-12 Compensation – Stock Compensation (Topic 718), Accounting for Share-Based Payments.  When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.  A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation – Stock Compensation.  As a result, the target is not reflected in the estimation of the award's grant date fair value.  Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved.  The guidance is effective for annual periods beginning after December 15, 2015 and interim periods within those annual periods.  Early adoption is permitted.  The Company adopted the provision of this standard, but it did not have a material effect on its results of operations.

In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity's Ability to continue as a Going Concern.  The amendments require management to assess an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards.  Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management's plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued).  The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter.  Early application is permitted.  The adoption of ASU 2014-15 is not expected to have a material impact on the Company's financial position or results of operations.

ASU 2015-03 and ASU 2015-15 – In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, or ASU No. 2015-03.  The amendments of ASU No. 2015-03 were issued to reduce complexity in the balance sheet presentation of debt issuance costs.  ASU No. 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts or premiums.  The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this standard.  Additionally, in August 2015, the FASB issued ASU No. 2015-15, Interest – Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, or ASU 2015-15, as ASU No. 2015-03 did not specifically address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements.  ASU No. 2015-15 allows an entity to defer issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement.  The guidance in ASU No. 2015-03 and ASU No. 2015-15 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years.  Early adoption is permitted for financial statements that have not been previously issued.  The Company adopted this standard at January 1, 2016, but it did not have a material effect on the accompanying financial statements.

In February 2016, the FASB issued ASU No. 2016-02, "Leases".  The standard requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet.  The update also expands the required quantitative and qualitative disclosures surrounding leases.  ASU 2016-02 is effective for fiscal years beginning December 15, 2018, including interim periods within those fiscal years.  Early adoption is permitted.  The Company is currently evaluating the impact of the new standard.

In March 2016, the FASB issued ASU No. 2016-09, "Improvements to Employee Share-based Payment Accounting".  ASU 2016-09 simplifies several aspects of the accounting for employee share-based transactions for both public and nonpublic entities, including for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.  ASU 2016-09 is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning December 15, 2018.  Early adoption is permitted.  The Company is currently evaluating the standard and the impact on its consolidated financial statements and footnote disclosures.

We have reviewed all FASB issued Accounting Standards Update ("ASU") accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods.  The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation's reporting financial position or results of operations in the near term.  The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Management does not believe these would have been a material effect on the accompanying consolidated financial statements had any other yet effective accounting standards been adopted in the current period.

7

 Item 2.  Management's Discussion and Analysis

When used in this Form 10-Q and in future filings by LD Holdings, Inc. (hereinafter "LD Holdings") with the Securities and Exchange Commission, the words or phrases "will likely result," "management expects," "LD Holdings expects," "will continue," "is anticipated" or similar expressions are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Readers are cautioned not to place undue reliance on any such forward-looking statements, each of which speaks only as of the date made. These statements are subject to risks and uncertainties, some of which are described below. Actual results may differ materially from historical earnings and those presently anticipated or projected.  LD Holdings has no obligation to publicly release the results of any revisions that may be made to any forward-looking statements to reflect anticipated events or circumstances occurring after the date of such statements.

Introduction

This document contains forward-looking statements, including statements regarding the Company's strategy, plans for growth and anticipated sources of capital and revenue.  The Company's actual results may differ dramatically from those anticipated in these forward-looking statements.  The differences may be result from one or more of the risk factors described below or from events that we have not foreseen.

Risk Factors

LD Holdings has very limited financial resources.  In order to implement its business plan, we will have to raise capital.  If we are unsuccessful in raising capital, our business will not grow.

Because of its limited operating history, LD Holdings has little historical financial data on which to base its plans for future operations.  Management will have to budget capital investment and expenses based, in large part, on its expectation of future revenues.  If those expectations are not met, LD Holdings Inc. may exhaust its capital resources before it achieves operational stability.

Critical Accounting Policies

The Company does consulting work for Capital First Management Inc. by sourcing clients for Capital First Management and uses its shareholder base and other leads to help build Capital First's website nanocapnation.com.  The Company also consults with Capital First's other businesses.  The services are performed under contract and revenue is recognized as services are performed.

Corporate Strategy

LD Holdings, Inc., (Symbol LDHL), has developed a business model that seeks to capitalize on the massive transfer of generational assets as the "Baby-Boomer" generation transitions from the ownership of small businesses into retirement.  The Baby-Boomer generation is represented by almost 78 million individuals born between 1946 and 1964.  Over the next 20 years as these Baby-Boomers are retiring, there are going to be businesses worth trillions of dollars that need to be sold by this Boomer generation.

Historically, the sellers typically wanted to provide minimal or no financing to the buyer.  These types of transactions were too large for most individuals to finance, too risky for banks based upon the company's individual merits (as opposed to the buyer's personal balance sheet) and too small to interest most institutional investors (hedge funds and private equity groups) to consider.  The lack of liquidity makes it difficult to raise funds privately from anyone but friends and relatives.

The company seeks to take a seemingly negative funding situation and turn it into a positive one.  Many of these Baby Boomer businesses being sold, whether the sellers want to or not, will be forced to provide a major portion, or all, of the financing in order to sell their businesses or will be forced to sell them below their true market value in order to get the business sold.

The company plans to focus its efforts on becoming a "known buyer" of small companies that meet its acquisition criteria, which it intends to widely distribute to business sellers directly and to others on its websites.  The 5-Year Plan is to accumulate at least 45 of these small companies and to slowly meld them into cohesive business units.  Using $8.33 million of revenues as an average in years 1 through 3, and $10 million of revenues as an average in years 4 and 5, would result in consolidated total revenues of $420 Million by the end of year 5.

The company's objective, through aggressive use of the Internet, is to put an outside investor base in place that shares the company's vision and objectives while the search for acquisitions is being conducted.  The company will stress on its affiliated websites and in its investor information that it is looking for long-term investors who are willing to hold their positions for a year or more.

The company plans to acquire at least 3 companies with $25 million sales and EBIT of $2.5 million.   At 15 x EBIT, this would place a market capitalization of $37 million on the company.  In order to accomplish its objectives, and as explained in the next section, the company has developed a 4-Step Process in which to accomplish its plans.

The company is establishing an Area Sales Director Business Model in a three state area (Ohio, Michigan and Indiana) initially.  If this three state model proves successful, a national rollout would follow.

8

Current Business Operations

LD Holdings, Inc., (Symbol LDHL), is a Financial and Management Holding Company that has identified a significant business opportunity that will fill a void in the small business world.  That void is the sale and transfer of businesses from one generation (the Baby Boomer) to the next.

With over 25 million small businesses in the USA and 15 trillion dollars of businesses to be sold over the next 15-20 years, there will be many opportunities for wealth generation.  The following services will be needed:

1*	There will be a need for Marketing, Sales and other Business Services to prepare the businesses for sale.
2*	There will be a need for buyers for these businesses.
3*	There will be a need for entrepreneur managers to manage these businesses.
4*	There will be a need for the financing of these businesses.

LD Holdings, Inc., as a Financial and Management Holding Company, will take advantage of this opportunity and manage the portfolio companies in which LD Holdings, Inc. will have varying percentages of ownership.

LD Holdings, Inc. will concentrate on businesses with sales between $2 million and $20 million and EBIT between $500,000 and $3 million.  This is where the real void exists.   Owners of these businesses have a difficult time getting full value because the financing of these companies is too large for most individuals to finance, too risky for banks based upon the company's individual merits (as opposed to the buyer's personal balance sheet) and too small to interest most institutional investors (hedge funds and private equity groups) to consider.  A lack of liquidity makes it difficult to raise funds privately from anyone but friends and relatives.

LD Holdings, Inc. will provide the following services:

1* The Marketing, Sales and Other Business Services represent specifically target services to position client companies for both sales and profit growth in preparation for their eventual sale.  The lead service involves the client company outsourcing some portion of the sales function to us as an Independent Sales Organization (ISO).  This enhances the value of the company because it is no longer dependent upon the selling management's relationship with the company's customers.  We provide this service under a variety of formats and compensation arrangements.  Typically, these are long-term joint-venture marketing efforts that result in recurring revenue streams to the company.  The auxiliary consulting services provided include helping the client company to finance its growth and to prepare it for sale under the most advantageous terms possible to the client.  In many cases, we will participate in the incremental value created.

2* LD Holdings, Inc. maintains an ongoing data base of businesses for sale.  This allows the company to look for synergistic opportunities to combine one or more acquisition candidates at some future date.  This database also provides the company with a historical perspective of different industries and distribution channels along with any type of geographical variation in the valuation of businesses.

3* LD Holdings, Inc. maintains a database of individuals with specific backgrounds and expertise that will be available for both acquisition evaluation, and strategizing the post-acquisition business model for each potential acquisition candidate, once the financial aspects of the transaction are determined.  Particular attention will be given to developing relationships with those entrepreneurs and managers that want to perform in a results-driven environment, which has the associated incentives in place to create personal wealth for them and an above average return for the company's stockholders.  What distinguishes these individuals is that they are self-motivated, looking for a rewarding opportunity and are willing to put in whatever time is needed.

4* LD Holdings, Inc. maintains an ongoing data base of investors that share the company's vision and objectives.  The company is looking for long-term investors who are willing to hold their positions for a year or more for superior rates of return.  Investors that want to participate in ground floor investment opportunities that the company's Business Model represents have a special wealth building vehicle available to them.  The company's stock is thinly traded with a relatively small float.  This will allow the company to look for synergistic opportunities to combine one or more acquisition candidates.

Boomer's Diner, Inc., a Michigan corporation and wholly owned subsidiary of LD Holdings, Inc. (LDHL), opened for business in Monroe, Michigan in October, 2010.  On August 28, 2011, the company closed its Monroe, Michigan diner, and on October 17, 2011, the company opened a Boomers Diner in Toledo, Ohio.  In January 2014, the Company closed its Toledo, Ohio diner.

This subsidiary's business plan complements the business plan of LDHL, which is to help facilitate the transfer of "Baby Boomer" businesses in the $2-$20 million annual sales range to younger generations.  Collaboration of business resources, lead generation and other business services will expand and leverage the footprint of LDHL.

9

Results of Operations

Three Months Ended June 30, 2016 and 2015:

For the three months ended June 30, 2016 and 2015, LD Holdings had revenues of $15,000 and $15,000, respectively, all from a related party.  For the three months ended June 30, 2016 and 2015 LD Holdings incurred cost of sales of  $4,683 and $4,800, respectively..  LD Holdings had a working capital shortage and did not emphasize current operations.  Management has elected to devote all of its time seeking financing partners to further implement its Business Plan.

For the three months ended June 30, 2016 and 2015, LD Holdings incurred selling, general and administrative expenses of $89,244 and $84,207, respectively, of which $30,000 and $30,000, respectively, represents the fee for the services of John R. Ayling, Chairman and CEO.  Mr. Ayling's fees have been accrued until the operations of the company permit payment, or the Chairman and CEO determines to take his fee in the form of stock.  The total operating expenses resulted in an operating loss from continuing operations for the three months ended June 30, 2016 and 2015 of $104,005 and $93,363, respectively.  Funding of these expenses was from short term loans from principal shareholders and the issuance of common stock.

For the three months ended June 30, 2016 and 2015, LD Holdings incurred interest expense of $25,078 and $19,356, respectively.  Interest expense was accrued, and will be paid when the operations of the company permit payment.

For the three months ended June 30, 2016 and 2015, the Company had a loss from continuing operations of $104,005 and $93,363, respectively. 

Liquidity and Capital Requirements

LD Holdings had a working capital deficit, at June 30, 2016, of $5,450,976. The working capital requirements of LD Holdings have been funded primarily with loans from shareholders, convertible promissory notes and through the issuance of common stock subscriptions.

LD Holdings is seeking additional financing to continue developing its business plan and to begin its implementation. Management believes this amount will be substantial.

Quantitative and Qualitative Disclosures about Market Risk.

Not Applicable.

Evaluation of Disclosure Controls and Procedures

An evaluation of the effectiveness of the Company's disclosure controls and procedures as of June 30, 2016 was made under the supervision of John R. Ayling, the Chairman/Chief Executive Officer/Chief Accounting Officer.  Based on that evaluation, Mr. Ayling concluded that the Company's disclosure controls and procedures are not effective to ensure that information required to be disclosed by the Company in reports that it files or submits under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.

During the most recently completed fiscal quarter, there has been no significant change in the Company's internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, the company's internal control over financial reporting.

10

Part II - OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 2. Unregistered sales of equity securities and use of proceeds.

In the First Quarter of 2015, the Company sold $17,500 of Convertible Promissory Notes in a Private Placement to four (4) existing shareholders.

Item 3. Defaults Upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

Item 6.	Exhibits
31.1	Rule 13a-14(a) Certification
32	Rule 13a-14(b) Certification
101.ins	XBRL Instance
101.xsd	XBRL Schema
101.cal	XBRL Calculation
101.def	XBRL Definition
101.lab	XBRL Label
101.pre	XBRL Presentation

11

SIGNATURES

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

	LD Holdings, Inc.
Date:  August 15, 2016	/s/  John R. Ayling
	John R. Ayling,
	Chairman/Chief Executive Officer/Chief Accounting Officer

12

EX-31.1

EXHIBIT 31

RULE 13a-14(a) CERTIFICATIONS

I, John R. Ayling, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q/A of LD Holdings, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; 

4. The registrant's other certifying officer(s) and I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15(d-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 controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal 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; and

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 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 controls over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal controls over financial reporting.

Date: August 15, 2016	/s/ John R. Ayling
	John R. Ayling
	Chairman/Chief Executive Officer/Chief Accounting Officer

EX-32.1

EXHIBIT 32

Rule 13a-14(b) CERTIFICATION

The undersigned officer certifies that this report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and that the information contained in the report fairly presents, in all material respects, the financial condition and results of operations of LD Holdings, Inc. 

A signed original of this written statement required by Section 906 has been provided to LD Holdings, Inc. and will be retained by LD Holdings, Inc. and furnished to the Securities and Exchange Commission or its staff upon request.

Date: August 15, 2016	/s/ John R. Ayling
	John R. Ayling
	Chairman/Chief Executive Officer/Chief Accounting Officer

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 15, 2016
Entity Registrant Name	LD Holdings, Inc.
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Trading Symbol	ldhl
Amendment Flag	false
Entity Central Index Key	0001131089
Current Fiscal Year End Date	--12-31
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	Q2
Common Class A
Entity Common Stock, Shares Outstanding		25,280,351
Preferred Class A
Entity Common Stock, Shares Outstanding		974,156

XML

Consolidated Balance Sheets - USD ($)	Jun. 30, 2016	Dec. 31, 2015
Current Assets
Cash	$ 15,949	$ 9,738
Prepaid expenses	7,719	15,543
Total Current Assets	23,668	25,281
Current Liabilities
Accounts payable and accrued expenses	2,143,421	2,153,675
Accrued interest payable	177,119	165,734
Accrued interest payable - related parties	719,003	685,677
Liabilities to be settled in stock	132,500
Promissory notes payable	147,897	147,897
Promissory notes payable - related parties	2,154,704	2,106,076
Total Current Liabilities	5,474,644	5,259,059
Convertible promissory notes, net of unamortized discount	244,959	238,802
Total Liabilities	5,719,603	5,497,861
Commitments and Contingencies
Stockholders' Impairment
Series A, convertible preferred stock, par value $0.001; 974,156 shares authorized, issued and outstanding	974	974
Common stock, par value $0.001; 25,840,351 shares authorized, 25,840,351 shares issued and 25,280,351 shares outstanding	25,280	25,280
Additional paid in capital	4,670,338	4,670,338
Accumulated deficit	(10,392,527)	(10,169,172)
Total Stockholders' Impairment	(5,695,935)	(5,472,580)
Total Liabilities and Stockholders' Impairment	$ 23,668	$ 25,281

XML

Consolidated Balance Sheets Parenthetical - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Consolidated Balance Sheets Parenthetical
Preferred stock par value	$ 0.001	$ 0.001
Preferred stock shares authorized	974,156	974,156
Preferred stock shares issued	974,156	974,156
Preferred stock shares outstanding	974,156	974,156
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	25,840,351	25,840,351
Common stock shares issued	25,840,351	25,840,351
Common stock shares outstanding	25,280,351	25,280,351

XML

Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Consolidated Statements of Operations
Sales - related party	$ 15,000	$ 15,000	$ 30,000	$ 30,000
Cost of Sales	4,683	4,800	7,420	9,600
Gross Profit	10,317	10,200	22,580	20,400
Selling, General & Administrative Expenses	89,244	84,207	196,940	212,153
Operating Loss	(78,927)	(74,007)	(174,360)	(191,753)
Other Income (Expense)
Interest expense	(25,078)	(19,356)	(48,995)	(37,333)
Total Other Income (Expense)	(25,078)	(19,356)	(48,995)	(37,333)
Loss from continuing operations	(104,005)	(93,363)	(223,355)	(229,086)
Net Loss	$ (104,005)	$ (93,363)	$ (223,355)	$ (229,086)
Loss per share, Loss from continuing operations			$ (0.01)	$ (0.01)
Loss per share, basic and diluted			$ (0.01)	$ (0.01)
Weighted Average Common Shares Outstanding	25,280,351	25,280,351	25,280,351	25,198,129

XML

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash Flows From Operating Activities:
Net Loss	$ (223,355)	$ (229,086)
Adjustments to Reconcile Net Loss to Net Cash Used by Operating Activities
Shares issued for services		78,340
Amortization of debt discount-beneficial conversion features	1,657	611
Changes in Operating Assets and Liabilities
Change in prepaid expense	7,824	(12,176)
Change in accounts payable and accrued expenses	(10,254)	43,727
Change in accrued interest payable	11,385	3,068
Change in accrued interest payable - related parties	33,326	33,963
Net Cash (Used) by Operating Activities	(179,417)	(81,553)
Cash Flows From Financing Activities
Proceeds from Notes Payable	4,500	92,500
Proceeds from Common Stock Subscriptions	132,500
Advances (repayments) from related party - Net	48,628	(6,378)
Net Cash Provided by Financing Activities	185,628	86,122
Net Increase/(Decrease) in Cash and Equivalents	6,211	4,569
Cash and Equivalents at Beginning of Year	9,738	151
Cash and Equivalents at End of Year	15,949	4,720
Cash paid during the year for:
Cash Paid for Income Taxes	2,627
Cash Paid for Interest
Non Cash Financing and Investing Activities
Recognition of debt discount from beneficial conversion features		$ 4,367

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1. Nature of Organization

6 Months Ended

Jun. 30, 2016

Notes

1. Nature of Organization

1. Nature of Organization

LD Holdings, Inc. (the Company),  formerly Leisure Direct, Inc., was formed on January  1, 2000 under the name of ePoolSpas.com, Inc.The formation was effected by the issuance of 1,750,000 shares of the Company’s common stock for the intangible assets of the former operating companies, Olympic Pools, Inc. and Preferred Concrete Placement,  Inc.  The Company is located in Perrysburg, Ohio. The Company plans to acquire companies in a three (3) state area and then eventually roll out nationally.  In October 2010, as part of a broader plan, the Company opened the first of a series of diners it plans to open in the Midwest.  It closed its diner in Monroe, Michigan at the end of August, 2011 and opened a new diner in Toledo, Ohio in October 2011.  The diners catered to the baby boomer generation with a family orientation. In early 2014, the last of the diners closed.

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2. Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2016

Notes

2. Summary of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Basis of Presentation

The accompanyingfinancial statementsincluded herein  have been prepared  in conformity  with accounting  principles generallyaccepted in the  United States of America  and pursuant  to the rules and regulations of the Securities and Exchange Commission ("SEC").

The condensed balance sheet at December 31, 2015 was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited but, in the opinion of management, reflects all adjustments necessary for a fair presentation of the results for the periods covered. All such adjustments are of a normal recurring nature unless disclosed otherwise. These condensed financial statements, including notes, have been prepared in accordance with the applicable rules of the Securities and Exchange Commission and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These condensed financial statements should be read in conjunction with the financial statements and additional information as contained in our Annual Report on Form 10-K for the year ended December 31, 2015.

Revenue Recognition

Revenue for consulting services is recognized at the time the service has been rendered.

Cash and Cash Equivalents

For the purpose of the Statements of Cash Flows, Cash Equivalents include time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of the three (3) months or less.

Fair Value of Financial Instruments

The fair values  of accounts  payable and  other short-term  obligations approximatetheir carrying  values because of the short-termmaturity of these financial  instruments.

Reclassifications

Certain prior year amounts have been reclassified for consistency with the current period adjustments.

Use of Estimates

The preparation of financial statements in conformity with 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  revenue and expenses  during the reporting period. Actual results could differ from those estimates.

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3. Going Concern

6 Months Ended

Jun. 30, 2016

Notes

3. Going Concern

3. Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. The Company incurred losses of $104,005 and $223,355 during the three and six months ended June 30, 2016, respectively.  Also, as of June 30, 2016, the Company had $15,949 in cash, and current liabilities exceeded its current assets by $5,450,976. These matters raise substantial doubt about the Company’s ability to continue as a going concern.

Management's plans include raising additional funding from debt and equity transactions that will be used to acquire point of sale outlets that should in turn increase sales. Also, the implementation of strong cost management practices and an increased focus on business development should result in the elimination of the operating losses suffered and improvement of cash flows; however, any results of the Company's plans cannot be assumed. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

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4. Commitments and Contingencies

6 Months Ended

Jun. 30, 2016

Notes

4. Commitments and Contingencies

4. Commitments and contingencies

The Company leases its office space from a related party, through common management and ownership, on a month-to-month basis.  Rent expense was $7,500 and $7,500 for the three months ended June 30, 2016 and 2015, respectively, and was $15,000 and $15,000 for the six months ended June 30, 2016 and 2015, respectively.

A judgment creditor has obtained an order to issue corporation unissued shares.  There are no unissued shares to issue at June 30, 2016.  The Company believes it is contrary to law and will be reversed on appeal.  The Company has accrued an amount of $200,000 in prior years toward this obligation and does not believe it will incur further exposure beyond this.

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5. Stockholders' Impairment

6 Months Ended

Jun. 30, 2016

Notes

5. Stockholders' Impairment

5. Stockholders’ Impairment

During the second quarter of 2016 the company issued 320,000 common stock subscriptions for $0.10 per share. The total amount of common stock subscriptions through the six months ended June 30, 2016 was $1,325,000 for $0.10 per share. The total amount received for the subscriptions was $132,500. The $132,500 subscription received is classified as liabilities to be settled in stock until the underlying shares are authorized, and the portion that was reclassified out of equity was $100,500 in the second quarter.

During the first quarter of 2015 the company issued 820,000 shares to four (4) individuals as compensation for services rendered to the company. The total compensation was valued at $0.28 per share based on the commitment date share value.  At June 30, 2015, a balance of $24,028 in these fees was recorded as a prepaid expense.

On December 1, 2014, LD Holdings, Inc. entered into an agreement with an Investment Banking firm and issued 75,000 shares as compensation. The total compensation was valued at $0.30 per share based on the commitment date share value. For the three months ended March 31, 2015, $5,623 was recorded as consulting expense.

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6. Convertible Notes

6 Months Ended

Jun. 30, 2016

Notes

6. Convertible Notes

6. Convertible Notes

In the three and six months ended June 30, 2016, and for the year ended December 31, 2015, the Company issued a total of $2,500, $5,000 and $245,000, respectively, in promissory notes payable.  The notes bear interest at 10% per year, compounded annually and payable quarterly.  The 2016 notes mature December 31, 2018.  The other notes mature on December 31, 2017.  The Company may prepay the notes upon written notice to the holders.  The notes are convertible at any time by the holder at a conversion price of $0.25 per share.  Based on this fixed conversion ratio on the respective commitment dates, the Company recognized a debt discount of $8,373 for the beneficial conversion feature underlying these notes during 2015.  Any accrued interest may also be converted at the fixed conversion price; therefore it represents a contingent beneficial feature.  A total of $1,657 of the debt discount was amortized to interest expense during the six months ended June 30, 2016.  A total of $6,131 of interest was accrued under these notes during the three months ended June 30, 2016.

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7. Recent Issued and Newly Adopted Accounting Pronouncements

6 Months Ended

Jun. 30, 2016

Notes

7. Recent Issued and Newly Adopted Accounting Pronouncements

7. Recent Issued and Newly Adopted Accounting Pronouncements

In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers” which requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services.  The new guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract.  In July 2015, the FASB voted to delay the effective date of ASU 2014-09 by one year to the first quarter of 2018 to provide companies sufficient time to implement the standards.  Early adoption will be permitted, but not before the first quarter of 2017.  Adoption can occur using one of two prescribed transition methods.  In March and April 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net)” and ASU 2016-10, “Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing” which provide supplemental adoption guidance and clarification to ASC 2014-09, ASU 2016-08 and ASU 2016-10 must be adopted concurrently with the adoption of ASU 2014-09.  The Company is currently evaluating the impact of these new standards.

In June 2014, the FASB issued ASU No. 2014-12 Compensation – Stock Compensation (Topic 718), Accounting for Share-Based Payments.  When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.  A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation – Stock Compensation.  As a result, the target is not reflected in the estimation of the award’s grant date fair value.  Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved.  The guidance is effective for annual periods beginning after December 15, 2015 and interim periods within those annual periods.  Early adoption is permitted.  The Company adopted the provision of this standard, but it did not have a material effect on its results of operations.

In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to continue as a Going Concern.  The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards.  Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued).  The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter.  Early application is permitted.  The adoption of ASU 2014-15 is not expected to have a material impact on the Company’s financial position or results of operations.

ASU 2015-03 and ASU 2015-15 – In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, or ASU No. 2015-03.  The amendments of ASU No. 2015-03 were issued to reduce complexity in the balance sheet presentation of debt issuance costs.  ASU No. 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts or premiums.  The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this standard.  Additionally, in August 2015, the FASB issued ASU No. 2015-15, Interest – Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, or ASU 2015-15, as ASU No. 2015-03 did not specifically address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements.  ASU No. 2015-15 allows an entity to defer issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement.  The guidance in ASU No. 2015-03 and ASU No. 2015-15 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years.  Early adoption is permitted for financial statements that have not been previously issued.  The Company adopted this standard at January 1, 2016, but it did not have a material effect on the accompanying financial statements.

In February 2016, the FASB issued ASU No. 2016-02, “Leases”.  The standard requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet.  The update also expands the required quantitative and qualitative disclosures surrounding leases.  ASU 2016-02 is effective for fiscal years beginning December 15, 2018, including interim periods within those fiscal years.  Early adoption is permitted.  The Company is currently evaluating the impact of the new standard.

In March 2016, the FASB issued ASU No. 2016-09, “Improvements to Employee Share-based Payment Accounting”.  ASU 2016-09 simplifies several aspects of the accounting for employee share-based transactions for both public and nonpublic entities, including for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.  ASU 2016-09 is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning December 15, 2018.  Early adoption is permitted.  The Company is currently evaluating the standard and the impact on its consolidated financial statements and footnote disclosures.

We have reviewed all FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods.  The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reporting financial position or results of operations in the near term.  The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Management does not believe these would have been a material effect on the accompanying consolidated financial statements had any other yet effective accounting standards been adopted in the current period.

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2. Summary of Significant Accounting Policies: Basis of Presentation (Policies)

6 Months Ended

Jun. 30, 2016

Policies

Basis of Presentation

Basis of Presentation

The accompanyingfinancial statementsincluded herein  have been prepared  in conformity  with accounting  principles generallyaccepted in the  United States of America  and pursuant  to the rules and regulations of the Securities and Exchange Commission ("SEC").

The condensed balance sheet at December 31, 2015 was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The other information in these condensed financial statements is unaudited but, in the opinion of management, reflects all adjustments necessary for a fair presentation of the results for the periods covered. All such adjustments are of a normal recurring nature unless disclosed otherwise. These condensed financial statements, including notes, have been prepared in accordance with the applicable rules of the Securities and Exchange Commission and do not include all of the information and disclosures required by accounting principles generally accepted in the United States of America for complete financial statements. These condensed financial statements should be read in conjunction with the financial statements and additional information as contained in our Annual Report on Form 10-K for the year ended December 31, 2015.

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2. Summary of Significant Accounting Policies: Revenue Recognition (Policies)

6 Months Ended

Jun. 30, 2016

Policies

Revenue Recognition

Revenue Recognition

Revenue for consulting services is recognized at the time the service has been rendered.

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2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)

6 Months Ended

Jun. 30, 2016

Policies

Cash and Cash Equivalents

Cash and Cash Equivalents

For the purpose of the Statements of Cash Flows, Cash Equivalents include time deposits, certificates of deposit and all highly liquid debt instruments with original maturities of the three (3) months or less.

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2. Summary of Significant Accounting Policies: Reclassifications (Policies)

6 Months Ended

Jun. 30, 2016

Policies

Reclassifications

Reclassifications

Certain prior year amounts have been reclassified for consistency with the current period adjustments.

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2. Summary of Significant Accounting Policies: Use of Estimates (Policies)

6 Months Ended

Jun. 30, 2016

Policies

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with 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  revenue and expenses  during the reporting period. Actual results could differ from those estimates.

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7. Recent Issued and Newly Adopted Accounting Pronouncements: New Accounting Pronouncements, Policy (Policies)

6 Months Ended

Jun. 30, 2016

Policies

New Accounting Pronouncements, Policy

In May 2014, the FASB issued Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers” which requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled to in exchange for those goods or services.  The new guidance also requires additional disclosure about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract.  In July 2015, the FASB voted to delay the effective date of ASU 2014-09 by one year to the first quarter of 2018 to provide companies sufficient time to implement the standards.  Early adoption will be permitted, but not before the first quarter of 2017.  Adoption can occur using one of two prescribed transition methods.  In March and April 2016, the FASB issued ASU 2016-08, “Revenue from Contracts with Customers: Principal versus Agent Considerations (Reporting Revenue Gross versus Net)” and ASU 2016-10, “Revenue from Contracts with Customers: Identifying Performance Obligations and Licensing” which provide supplemental adoption guidance and clarification to ASC 2014-09, ASU 2016-08 and ASU 2016-10 must be adopted concurrently with the adoption of ASU 2014-09.  The Company is currently evaluating the impact of these new standards.

In June 2014, the FASB issued ASU No. 2014-12 Compensation – Stock Compensation (Topic 718), Accounting for Share-Based Payments.  When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period.  A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation – Stock Compensation.  As a result, the target is not reflected in the estimation of the award’s grant date fair value.  Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved.  The guidance is effective for annual periods beginning after December 15, 2015 and interim periods within those annual periods.  Early adoption is permitted.  The Company adopted the provision of this standard, but it did not have a material effect on its results of operations.

In August 2014, the FASB issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40), Disclosure of Uncertainties about an Entity’s Ability to continue as a Going Concern.  The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards.  Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued).  The amendments in this Update are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter.  Early application is permitted.  The adoption of ASU 2014-15 is not expected to have a material impact on the Company’s financial position or results of operations.

ASU 2015-03 and ASU 2015-15 – In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs, or ASU No. 2015-03.  The amendments of ASU No. 2015-03 were issued to reduce complexity in the balance sheet presentation of debt issuance costs.  ASU No. 2015-03 requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts or premiums.  The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this standard.  Additionally, in August 2015, the FASB issued ASU No. 2015-15, Interest – Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements, or ASU 2015-15, as ASU No. 2015-03 did not specifically address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements.  ASU No. 2015-15 allows an entity to defer issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement.  The guidance in ASU No. 2015-03 and ASU No. 2015-15 is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years.  Early adoption is permitted for financial statements that have not been previously issued.  The Company adopted this standard at January 1, 2016, but it did not have a material effect on the accompanying financial statements.

In February 2016, the FASB issued ASU No. 2016-02, “Leases”.  The standard requires lessees to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet.  The update also expands the required quantitative and qualitative disclosures surrounding leases.  ASU 2016-02 is effective for fiscal years beginning December 15, 2018, including interim periods within those fiscal years.  Early adoption is permitted.  The Company is currently evaluating the impact of the new standard.

In March 2016, the FASB issued ASU No. 2016-09, “Improvements to Employee Share-based Payment Accounting”.  ASU 2016-09 simplifies several aspects of the accounting for employee share-based transactions for both public and nonpublic entities, including for income taxes, forfeitures, and statutory tax withholding requirements, as well as classification in the statement of cash flows.  ASU 2016-09 is effective for annual periods beginning after December 15, 2017, and interim periods within annual periods beginning December 15, 2018.  Early adoption is permitted.  The Company is currently evaluating the standard and the impact on its consolidated financial statements and footnote disclosures.

We have reviewed all FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods.  The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reporting financial position or results of operations in the near term.  The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Management does not believe these would have been a material effect on the accompanying consolidated financial statements had any other yet effective accounting standards been adopted in the current period.

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3. Going Concern (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Details
Net Income Loss	$ 104,005	$ 93,363	$ 223,355	$ 229,086
Cash	15,949	$ 4,720	15,949	$ 4,720	$ 9,738	$ 151
Working Capital	$ 5,450,976		$ 5,450,976

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4. Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Details
Lease And Rental Expense - Capital First Management, Inc.	$ 7,500	$ 7,500

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5. Stockholders' Impairment (Details) - USD ($)	3 Months Ended		12 Months Ended
	Jun. 30, 2016	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Common Stock Subscriptions	320,000
Liabilities to be settled in stock	$ 132,500
Stock Issued During Period, Shares, Issued for Services		820,000
Prepaid Expense, Current				$ 24,028
Agreement - December 1, 2014
Consulting Expense		$ 5,623
Common Stock | Agreement - December 1, 2014
Stock Issued During Period, Shares, Issued for Services			75,000

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6. Convertible Notes (Details) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Details
Promissory Note Payable	$ 2,500	$ 5,000		$ 245,000
Recognition of debt discount from beneficial conversion features			$ 4,367	$ 8,373
Amortization of debt discount-beneficial conversion features	$ 1,657	$ 1,657	$ 611