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BASIS OF PRESENTATION AND ACCOUNTING POLICIES
3 Months Ended
Mar. 31, 2015
Accounting Policies [Abstract]  
BASIS OF PRESENTATION AND ACCOUNTING POLICIES
NOTE 2 – BASIS OF PRESENTATION AND ACCOUNTING POLICIES
 
The accompanying unaudited interim condensed financial statements of the Company have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and are presented in accordance with the requirements of Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, these interim financial statements do not include all of the information and notes required by GAAP for complete financial statements.  These interim financial statements should be read in conjunction with the financial statements and notes thereto for the period from July 21, 2014 (inception) through December 31, 2014 included in the Company's Form 8-K which was filed with the SEC on April 7, 2015.  In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2015 are not necessarily indicative of the results that may be expected any other interim period or for the year ending December 31, 2015.
 
Since LFC was organized in July 2014, the Company does not have financial statements for the three months ended March 31, 2014.
 
Principals of consolidation
 
The consolidated financial statements include the accounts of and its controlled subsidiaries. Equity investments in which we exercise significant influence, but do not control and are not the primary beneficiary, are accounted for using the equity method of accounting. Investments in which we do not exercise significant influence over the investee are accounted for using the cost method of accounting. Intercompany transactions are eliminated.  As of March 31, 2015, the Company had one subsidiary, LCF.