10-Q

UNITED STATES OF AMERICA

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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, 2012

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

For the transition period from                                          to                                          

Commission File Number: 333-148987

League Now Holdings Corporation

(Exact name of Registrant as specified in its charter)

Florida	20-35337265
(State or Other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)

6980 S. Edgerton Road, Brecksville, Ohio 44141

(Address of principal executive offices) (Zip Code)

440-546-9440

(Registrant’s telephone number)

(Former Name, Former Address and Former Fiscal Year, if changed since last report)

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

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer  [  ] Accelerated filer [  ] Non-accelerated filer [  ] (Do not check if a smaller reporting company) Smaller reporting company [X]

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

The number of the registrant’s shares of common stock outstanding was 57,862,230 as of November 10 , 2012.

LEAGUE NOW HOLDINGS CORPORATION

FORM 10-Q

TABLE OF CONTENTS

PAGE

This Quarterly Report on Form 10-Q, including “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 2 of Part I of this report include forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by forward-looking statements.

In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “proposed,” “intended,” or “continue” or the negative of these terms or other comparable terminology. You should read statements that contain these words carefully, because they discuss our expectations about our future operating results or our future financial condition or state other “forward-looking” information. There may be events in the future that we are not able to accurately predict or control. Before you invest in our securities, you should be aware that the occurrence of any of the events described in this Quarterly Report could substantially harm our business, results of operations and financial condition, and that upon the occurrence of any of these events, the trading price of our securities could decline and you could lose all or part of your investment. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, growth rates, levels of activity, performance or achievements. We are under no duty to update any of the forward-looking statements after the date of this Quarterly Report to conform these statements to actual results.

As used in this quarterly report, the terms “we”, “us”, “our”, “Registrant”, “the Company” and “League Now” mean League Now Holdings Corporation, a Florida corporation, and our wholly-owned subsidiaries.

2

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1. Financial Statements	4
Condensed Consolidated Balance Sheets – September 30, 2012 (unaudited) and December 31, 2011	F-1
Condensed Consolidated Statements of Operations for the three and nine month periods ended September 30, 2012 and 2011 (unaudited)	F-2
Condensed Consolidated Statement of Changes in Stockholders’ Deficiency for the nine month period ended September 30, 2012 (unaudited)	F-3
Condensed Consolidated Statements of Cash Flows for the nine month periods ended September 30, 2012 and 2011 (unaudited)	F-4
Notes to Condensed Consolidated Financial Statements (unaudited)	F-5
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	5
Item 3. Quantitative and Qualitative Disclosures About Market Risk .	11
Item 4. Controls and Procedures	11
PART II - OTHER INFORMATION
Item 1. Legal Proceedings	12
Item 1A. Risk Factors	12
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	13
Item 3. Defaults Upon Senior Securities	14
Item 4. [Removed and Reserved]	14
Item 5. Other Information	15
Item 6. Exhibits	16

3

Part I – FINANCIAL INFORMATION

ITEM 1. CONDENSED FINANCIAL STATEMENTS

LEAGUE NOW HOLDINGS CORPORATION

Index to Condensed Consolidated Financial Statements

Balance Sheets (unaudited)	F-1
Statements of Operations (unaudited)	F-2
Statements of Stockholders’ Deficiency (unaudited)	F-3
Statements of Cash Flows (unaudited)	F-4
Notes to the Financial Statements (unaudited)	F-5

4

LEAGUE NOW HOLDINGS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30, 2012			December 31, 2011
	(unaudited)
ASSETS
Current assets:
Cash	$	-		$	7,281
Accounts receivable		701,619			302,872
Note receivable		10,000			-
Other current assets		332			21,204
Total current assets		711,951			331,357
Property and equipment, net		120			1,719
Other assets:
Goodwill		879,253			879,253
Loan fees, net		3,947			-
Other noncurrent assets		4,149			-
		887,349			879,253
Total assets	$	1,599,420		$	1,212,329
LIABILITIES AND STOCKHOLDERS’ DEFICIENCY
Current liabilities:
Lines of credit	$	541,833		$	-
Current portion of long-term loans		28,056			41,302
Accounts payable		712,902			331,755
Accrued expenses and other current liabilities		130,487			162,038
Stockholders’ notes and debentures		-			94,860
Total current liabilities		1,413,278			629,955
Notes payable, less current maturities		-			599,075
Long-term loans		250,137			68,724
Stockholders’ notes and debentures		153,964			-
		404,101			667,799
Total liabilities		1,817,379			1,297,754
Stockholders’ deficiency:
Preferred stock, $0.001 par value; authorized 10,000,000 shares; none issued nor outstanding		-			-
Common stock, $0.001 par value, authorized 100,000,000 shares; issued and outstanding 53,445,563 and 47,248,851 shares as of September 30, 2012 and December 31, 2011 respectively		53,446			47,549
Additional paid-in capital		270,151			74,201
Accumulated deficit		(541,556	)		(207,175	)
Total stockholders’ deficiency		(217,959	)		(85,425	)
Total liabilities and stockholders’ deficiency	$	1,599,420		$	1,212,329

See accompanying notes to these consolidated financial statements.

F-1

LEAGUE NOW HOLDINGS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

	For three months ended Sept 30,						For nine months ended Sept 30,
	2012			2011			2012			2011
Revenues	$	1,000,222		$	-		$	2,905,275		$	-
Cost of revenues		793,802			-			2,305,076			-
Gross profit		206,420			-			600,199			-
Expenses:
General and administrative		250,989			4,200			839,089			16,700
Depreciation and amortization		588			-			2,029			-
		251,577			4,200			841,118			16,700
Loss from operations		(45,157	)		(4,200	)		(240,919	)		(16,700	)
Interest expense		(79,428	)		-			(118,462	)		-
Gain on extinguishment of debt		-			-			25,000			-
Loss before provision for income taxes		(124,585	)		(4,200	)		(334,381	)		(16,700	)
Provision for income taxes		-			-			-			-
Net loss	$	(124,585	)	$	(4,200	)	$	(334,381	)	$	(16,700	)
Net loss per share - basic and diluted	$	(0.00	)	$	(0.00	)	$	(0.01	)	$	(0.00	)
Weighted average number of shares of common stock outstanding – basic and diluted		53,445,563			45,748,288			52,160,025			45,748,288

See accompanying notes to these consolidated financial statements.

F-2

LEAGUE NOW HOLDINGS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIENCY

(UNAUDITED)

	Common Stock
				Common			Additional
	Common			Stock			Paid-in			Accumulated
	Stock			Amount			Capital			Deficit			Total
BALANCE DECEMBER 31, 2010		47,248,851		$	47,249		$	74,501		$	(272,562	)	$	(150,812	)
Net income											65,387			65,387
BALANCE DECEMBER 31, 2011		47,248,851		$	47,249		$	74,501		$	(207,175	)	$	(85,425	)
Shares retired on January 20, 2012		(25,803,288	)	$	(25,803	)	$	25,803		$	-		$	-
Shares issued in connection with the share exchange agreement for the acquisition of  Infiniti Systems Holding Group on January 20, 2012		30,000,000			30,000			(30,000	)		-			-
Shares issued in exchange for services on January 30, 2012		500,000			500			34,500			-			35,000
Shares issued in exchange for services on June 21, 2012		1,500,000			1,500			103,500			-			105,000
Premium valuation for convertible debts		-			-			61,847			-			61,847
Net loss		-			-			-			(334,381	)		(334,381	)
BALANCE SEPTEMBER 30, 2012		53,445,563		$	53,446		$	270,151		$	(541,556	)	$	(217,959	)

See accompanying notes to these consolidated financial statements.

F-3

LEAGUE NOW HOLDINGS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	For nine months ended Sept 30,
	2012			2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(334,381	)	$	(16,700	)
Adjustments to reconcile net loss to cash provided by/(used in) operating activities:
Depreciation		2,029			-
Amortization of loan fees		715			-
Gain on extinguishment of debt		(25,000	)		-
Promissory notes issued in exchange for services		1,000			-
Stock issued for services		140,000			-
Interest charge on premium for convertible debts		61,847			-
Changes in operating assets and liabilities:
Accounts receivable		(398,747	)		-
Other current assets		(332	)		3,784
Other noncurrent assets		2,393			-
Accounts payable		379,971			12,916
Accrued expenses and other current liabilities		61,593			(3,193	)
Net cash provided by operating activities		(108,912	)		(3,193	)
NET CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		(430	)		-
Net cash used in investing activities		(430	)		-
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment on lines of credit, net		25			-
Proceeds from stockholder notes and debentures		72,904			-
Repayment of stockholder notes and debentures		(13,800	)
Proceeds from notes payable and long-term loans		80,500			-
Repayment of notes payable and long-term loans		(37,568	)		-
Net cash provided by financing activities		102,061			-
NET INCREASE (DECREASE) IN CASH		(7,281	)		(3,193	)
CASH - BEGINNING OF PERIOD		7,281			6,436
CASH - END OF PERIOD	$	-		$	3,243
Supplemental Disclosures:
Cash paid for interest	$	54,522		$	-
Cash paid for income taxes		-			-
Supplemental Non-Cash Disclosures:
Stock issued for consideration in Infiniti transaction
Common stock	$	30,000		$	-
Additional paid-in capital		(30,000	)		-
	$	-		$	-
Common stock forfeiture as part of Infiniti transaction
Common stock	$	(25,803	)	$	-
Additional paid-in capital		25,803			-
		-			-

See accompanying notes to these consolidated financial statements.

F-4

LEAGUE NOW HOLDINGS CORPORATION

NOTES TO THE CONDENSED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2012

(UNAUDITED)

NOTE 1. BUSINESS AND ORGANIZATION

Business and organization. League Now Holdings Corporation was incorporated under the laws of the State of Florida on September 21, 2005. The Company was formed to operate under the domain name, www.leaguenow.com as an application service provider offering web-based services for online video game users. The Company’s strategy was directed toward the satisfaction of our registered members by offering integrated internet technology for the online video game industry that quickly and easily allowed individuals to enter and play in peer organized leagues in the United States and worldwide, twenty-four hours a day, seven days a week. The Company discontinued these operations.

On January 20, 2012 the company entered into a Stock Purchase Agreement and Share Exchange (the “Agreement”) with Infiniti Systems Group, Inc. (“Infiniti”). Pursuant to the Agreement, the Company agreed to issue 30 million common shares of its common stock to the shareholders of Infiniti in exchange for 100% of the issued and outstanding capital stock of Infiniti. The shares issued to the shareholders of Infiniti represent 60% of its issued and outstanding capital stock on a fully diluted basis (the “Stock Consideration”). In addition, the Chief Executive Officer and Chief Financial Officer, Mario Barton, has resigned from those offices. John Bianco, the Chief Executive Officer of Infiniti, has agreed to serve as the Company’s new President and Chief Executive Officer. The new Treasurer and Chief Financial Officer is Lisa Bischof, and the new Secretary and Chief Operating Officer is D. Bruce Veness. The transactions contemplated by the Agreement were closed on January 31, 2012, with the Company issuing 30 million shares to Bianco, Veness and Bischof. Contemporaneously with the closing, Mr. James Pregiato, a former officer and director of the Company returned 25,803,288 shares of our common stock which were held by him to the Company’s treasury.

J.L. Consulting, Inc. was organized under the laws of the State of Ohio on January 2, 1995. On December 11, 1998, the Company changed its corporate name from J.L. Consulting, Inc. to Infiniti Systems Group, Inc. The Company provides technology integration services to businesses. These services include management consulting, e-business services, application development, facilities development and network development. The Company’s principal office is in Brecksville, Ohio, with an additional office in Raleigh, North Carolina.

Unless the context indicates otherwise, all references herein to “League Now,” “Company,” “we,” “us,” and “our” refer to League Now Holdings Corporation and its consolidated subsidiary.

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Consolidation policy. The accompanying September 30, 2012 financial statements include League Now’s accounts and the accounts of its subsidiary. All significant intercompany transactions and balances have been eliminated in consolidation.

F-5

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Basis of presentation. In the opinion of management, the accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal occurring accruals) considered necessary for fair presentation of League Now’s financial position as of September 30, 2012, and the results of its operations and cash flows for the three and nine months ended September 30, 2012, have been made. Operating results for the nine months ended September 30, 2012 are not necessarily indicative of results that may be expected for the year ending December 31, 2012.

These condensed consolidated financial statements should be read in conjunction with the financial statements and notes for the year ended December 31, 2011, thereto contained in League Now’s Form 10-K.

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, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and assumptions.

Revenue recognition. The Company recognizes revenue on service offerings in accordance with FASB Accounting Standards Codification (ASC) No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability is reasonably assured.

Accounts receivable. Accounts receivable are stated at face value, less an allowance for doubtful accounts. League Now provides an allowance for doubtful accounts based on management’s periodic review of accounts, including the delinquency of account balances. Accounts are considered delinquent when payments have not been received within the agreed upon terms, and are written off when management determines that collection is not probable. As of September 30, 2012 management has determined that no allowance for doubtful accounts is required.

Notes receivable. Notes receivable are stated at face value, plus any accrued interest earned. The Company analyzes each note receivable each period for probability of collectability. Notes are considered in default when payments have not been received within the agreed upon terms, and are written off when management determines that collection is not probable. As of September 30, 2012 and December 31, 2011, management has determined that no occurrence of default exists.

Property and equipment. Property and equipment are stated at cost less accumulated depreciation and amortization. Maintenance and repairs are charged to operations as incurred. When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from the accounts, and any resulting gain or loss is reflected in operations in the period realized.

Depreciation of property and equipment is recorded using the straight-line method over the estimated useful lives of the related assets, which range as follows:

Office equipment	5-7 years
Computers and peripherals	5 years
Computer software	5 years

F-6

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Goodwill. In accordance with GAAP, goodwill in the amount of $879,253 related to the business combination with Infiniti will be evaluated for impairment on an annual basis starting calendar year ending December 31, 2012.

Loan fees. Loan fees represent fees paid to third parties that provided services in relation to securing financing. Amortization is recognized as a component of interest expense and is computed using the straight-line method over the life of the term loan.

Income taxes. Income taxes are provided for using the liability method of accounting. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Deferred tax expense (benefit) results from the net change during the year in deferred tax assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to more likely than not be realized in future tax returns. Tax law and rate changes are reflected in income in the period such changes are enacted.

Advertising expenses. Advertising costs are expensed as incurred. Advertising expenses are included in general and administrative expense in the accompanying statement of operations. Total advertising expenses were $8,587 and $- for the nine months ended September 30, 2012 and 2011, respectively.

Share based compensation. We account for share based compensation in accordance with ASC No. 718, Compensation - Stock Compensation, which requires the measurement of compensation costs at fair value on the date of grant and recognition of compensation expense over the service period for awards expected to vest.

General accounting policy for contingencies. Certain conditions may exist which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they arise from guarantees, in which case the guarantees would be disclosed.

As of September 30, 2012 and December 31, 2011, the Company’s management believes that there are no outstanding legal proceedings which would have a material adverse effect on the financial position of the Company.

Loss per share. Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by ASC No. 260, “Earnings Per Share.” As of September 30, 2012, there were no common share equivalents outstanding.

F-7

NOTE 3. GOING CONCERN

The accompanying financial statements have been prepared assuming that League Now will continue as a going concern. The Company had a working capital deficiency of $701,327 and a stockholder’s deficiency of $217,959 and as of September 30, 2012. These conditions raise substantial doubt about League Now’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

NOTE 4. NOTE RECEIVABLE

In June, 2011, the Company advanced $10,000 to an unrelated party. The note bears interest at 8% per annum and matured on July 30, 2011. The note is secured by the party’s 40% ownership interest in the stock of Bayview Acquisition Corp. (a public company). The aggregate receivable balance has been classified as a current asset because it is expected to be collected within one year from the Balance Sheet dates. The Company is currently negotiating new terms with the debtor to satisfy the past due balance.

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	September 30, 2012			December 31, 2011
Computers and peripherals	$	182,382		$	181,952
Office equipment		59,816			59,816
Computer software		28,423			28,423
		270,621			270,191
		(270,501	)		(268,472	)
Less: accumulated depreciation	$	120		$	1,719

Depreciation expense was $2,028 and $- for the nine months ended September 30, 2012 and 2011, respectively.

NOTE 6. LOAN FEES

Deferred loan fees of $6,677 represent fees paid to third parties that provided services in relation to securing financing. The loan fees are shown net of accumulated amortization of $2,730 and $2,015 at September 30, 2012 and December 31, 2011, respectively.

Expected future amortization expense for deferred loan fees is as follows:

Year ending
December 31,
2012	$	239
2013		954
2014		954
2015		954
2016		846
	$	3,947

F-8

NOTE 7. LINES OF CREDIT

The Company maintains $260,700 of revolving lines of credit with various financial institutions, $68,867 and $68,892 of which was unused at September 30, 2012 and December 31, 2011, respectively. Advances on the lines of credit are payable on demand and bear interest between 0% and 22.24% per annum. Interest is payable monthly. The credit lines are unsecured.

The Company also has a $350,000 revolving line of credit with Independence Bank, all of which was used as of September 30, 2012 and December 31, 2011. Advances on the credit line are payable on demand and carry an interest rate of 1.25% over the bank’s prime rate, 4.50% at September 30, 2012. Interest is payable monthly. The credit line is secured by all assets of the Company, including accounts receivable, inventory (if acquired), office equipment, and the personal guaranty of a Company officer/stockholder.

NOTE 8. LONG-TERM LOANS

In March, 2009, the Company converted rent arrearages in the amount of $116,213 into a term loan with its landlord. The loan requires 42 monthly payments of $3,066 and bears interest at a fixed rate of 6%. The loan is secured by an officer/stockholder of the Company. $41,399 and $47,087 was outstanding as of September 30, 2012 and December 31, 2011, respectively.

During 2009, the Company obtained two $25,000 SBA-backed term loans from commercial banks. Each loan requires 84 monthly payments of $390 and includes interest at 4.75% above the bank’s prime rate, 8.00% at September 30, 2012. The term loan is secured by the personal guaranty of a Company officer/stockholder. $33,059 and $37,939 was outstanding as of September 30, 2012 and December 31, 2011, respectively.

Convertible Debenture – On March 1, 2010, the Company renewed a convertible debenture in the amount of $25,000. The debenture paid quarterly interest of 14% and matured on February 28, 2012. Upon maturity, principal and unpaid interest are payable in four equal, interest-free quarterly installments, the first of which is due on month after maturity. Prepayments of principal and interest are prohibited unless agreed to by the debenture holder. The debentures may be converted after November 1, 2011 and prior to maturity. The debentures are convertible into a number of common shares equal to one share of common stock for each $25,000 of principal owing on the conversion date. Any accrued but unpaid principal owed at the time of conversion is to be paid in cash. The debenture requires that any distribution to stockholders made while the debenture is outstanding be accompanied by a payment to the debenture holder in the amount that would have been received by the debenture holder had the debenture been converted to common stock immediately prior to the stockholder distribution. On March 31, 2012 the convertible debenture for $25,000 was forgiven to the company. Services will be provided for application development to his company going forward for $12,500 as total repayment.

In June, 2010, the Company obtained a $209,905 term loan from Independence Bank. The proceeds of the term loan were used to reduce the outstanding balances of the Company’s line of credit with the bank. The loan requires 69 monthly principal payments of $3000, plus monthly interest of 1.25% over the bank’s prime rate, 4.50% at September 30, 2012. The term loan is secured by the personal guaranty of a Company officer/stockholder. $122,235 and $149,235 was outstanding as of September 30, 2012 and December 31, 2011, respectively.

In March, 2012, the Company issued a $1,000 promissory note payable to an unrelated party in satisfaction of professional services rendered by the individual. The note is unsecured, non-interest bearing and due on demand. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

F-9

NOTE 8. LONG-TERM LOANS (continued)

On July 11, 2012 and August 24, 2012, League Now sold and issued Convertible Promissory Notes (the “Notes”) to Asher Enterprises, Inc. (“Asher”) in the principal amount of $53,000 and $27,500, respectively, pursuant to the terms of Securities Purchase Agreements (the “ Purchase Agreements”) of even dates therewith. Asher is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended. The Notes, together with accrued interest at the annual rate of eight percent (8%), are due on April 10, 2013 and May 28, 2013, respectively (the “Maturity Date”). The Notes are convertible into the Company’s common stock commencing one hundred eighty (180) days from the date of issuance at a conversion price equal to 60% of the Market Price of the Company’s common stock on the date of conversion. “Market Price” is defined in the Note as the average of the lowest three (3) trading prices for the Company’s common stock during the ten (10) trading days prior to the conversion date. The Company has the right to prepay the Notes at any time from the date of issuance until the 180^th day the Note was issued at an amount equal to 135% of (i) the then outstanding principal amount of the Note, including accrued and unpaid interest due on the prepayment date. In connection with the sale of the Note, the Company relied upon the exemption from registration provided by Regulation D under the Securities Act of 1933, as amended. The Company is also required to have authorized and reserved five times the number of shares that is actually issuable upon full conversion of the Notes (see Note 9).

On July 11, 2012 and August 24, 2012, the Company calculated the fair value of the Asher Notes in accordance with GAAP. The excess premium over the face value of the Notes was credited to additional paid-in capital with a direct charge to interest expense. The effective rates of the Notes are 82.8% and 83.1%, respectively.

Principal payments of long-term debt at September 30, 2012 are scheduled as follows:

Years ending
December 31,
2012	$	28,056
2013		148,665
2014		43,719
2015		44,360
2016		12,989
Thereafter		404
	$	278,193

NOTE 9. STOCKHOLDER’ NOTES AND DEBENTURES

In July, 2010, the Company obtained a $50,000 loan from an officer/stockholder. The loan requires interest payments at a fixed rate of 7%, but specifies neither interest payment frequency nor a due date for the obligation. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

In July, 2012, the Company obtained a $10,000 loan from an officer/stockholder. The loan requires interest payments at a fixed rate of 7%, but specifies neither interest payment frequency nor a due date for the obligation. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

In September, 2012, the Company obtained a $15,730 loan from an officer/stockholder. The loan requires interest payments at a fixed rate of 7%, but specifies neither interest payment frequency nor a due date for the obligation. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

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NOTE 9. STOCKHOLDER’ NOTES AND DEBENTURES (continued)

The Company has obtained unsecured advances and loans from an officer/stockholder and from a major stockholder aggregating $78,234 and $96,191 as of September 30, 2012 and December 31, 2011, respectively. The notes bear interest between 5% and 7% per annum without a specified due date. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

NOTE 10. STOCKHOLDER’S DEFICIENCY

Common Shares – Authorized

League Now has 100,000,000 common shares authorized at a par value of $0.001 per share and 10,000,000 shares of preferred stock, par value $0.001 per share. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, can elect all of League Now’s directors.

Common Stock Issuances

For the nine months ended September 30, 2012, we issued the following shares:

Private placement offering and share forfeiture

The transactions contemplated by the Agreement were closed on January 31, 2012, with the Company issuing 30 million shares to Bianco, Veness and Bischof. Contemporaneously with the closing, Mr. James Pregiato, a former officer and director of the Company returned 25,803,288 shares of our common stock which were held by him to the Company’s treasury.

Share based compensation

On January 30, 2012, League Now issued 500,000 fully-vested shares of our common stock for professional services performed valued at $35,000.

On June 21, 2012, League Now issued 1,500,000 fully-vested shares of our common stock for professional services performed valued at $105,000.

Stock reserved for issuance

The following table summarizes all shares of common stock reserved for issuance at September 30, 2012:

	Number of Shares
Maximum shares issuable in connection with:
Convertible debt instruments (with 5x reserve multiple)		12,673,139

NOTE 11 – EARNINGS-PER-SHARE CALCULATION

Basic earnings per common share for the three and nine months ended September 30, 2012 and 2011 are calculated by dividing net income by weighted-average common shares outstanding during the period. Diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011 are calculated by dividing net income by weighted-average common shares outstanding during the period plus dilutive potential common shares, which are determined as follows:

F-11

NOTE 11 – EARNINGS-PER-SHARE CALCULATION (continued)

	For the three months ended September 30, 2012			For the three months ended September 30, 2011
Net earnings from operations	$	(124,585	)	$	(4,200	)
Weighted-average common shares		53,445,563			45,748,288
Effect of dilutive securities:
Warrants		-			-
Options to purchase common stock		-			-
Dilutive potential common shares		53,445,563			45,748,288
Net earnings per share from operations:
Basic	$	(0.00	)	$	(0.00	)
Diluted	$	(0.00	)	$	(0.00	)

	For the nine months ended September 30, 2012			For the nine months ended September 30, 2011
Net earnings from operations	$	(334,381	)	$	(16,700	)
Weighted-average common shares		52,160,025			45,748,288
Effect of dilutive securities:
Warrants		-			-
Options to purchase common stock		-			-
Dilutive potential common shares		52,160,025			45,748,288
Net earnings per share from operations:
Basic	$	(0.01	)	$	(0.00	)
Diluted	$	(0.01	)	$	(0.00	)

Dilutive potential common shares are calculated in accordance with the treasury stock method, which assumes that proceeds from the exercise of all warrants and options are used to repurchase common stock at market value. The amount of shares remaining after the proceeds are exhausted represents the potentially dilutive effect of the securities. The increasing number of warrants used in the calculation is a result of the increasing market value of League Now’s common stock. In periods where losses are reported the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.

In periods where losses are reported the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As of September 30, 2012 and 2011, there were no common share equivalents outstanding.

NOTE 12 – SHARE BASED COMPENSATION

The following presents the impact of share based compensation expense on our condensed consolidated statements of operations:

	Three months ended					Nine months ended
	September 30,					September 30,
	2012		2011			2012		2011
General and administrative	$	-		$	-	$	140,000	$	-

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NOTE 13 – RELATED PARTY TRANSACTIONS

Due to the common control between League Now and its related parties, League Now is exposed to the potential that ownership risks and rewards could be transferred among the parties.

NOTE 14 – COMMITMENTS

Leases

Infiniti leases its office space in Brecksville on a month-to-month basis at a cost of $6,694 a month.

Total expense related to the operating leases was $20,082 and $59,736 for the three and nine month period ended September 30, 2012, respectively.

NOTE 15 – RECENT ACCOUNTING PRONOUNCEMENTS

We have examined all recent accounting pronouncements and believe that none of them will have a material impact on the financial statements of our company.

NOTE 16– SUBSEQUENT EVENTS

Management has evaluated subsequent events after the balance sheet date, through the issuance of the financial statements, for appropriate accounting and disclosure. League Now has determined that there were no such events, other than those described below, that warrant disclosure or recognition in the financial statements.

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ITEM 2. Management’s Discussion and Analysis and Results of Operations

General

The following discussion and analysis provides information which management of the Company believes to be relevant to an assessment and understanding of the Company’s results of operations and financial condition. This discussion should be read together with the Company’s financial statements and the notes to the financial statements, which are included in this report. This information should also be read in conjunction with the information contained in our Form 10-K filed with the Securities and Exchange Commission (the “Commission”) on April 16, 2012, including the audited financial statements and notes included therein as of and for the year ended December 31, 2011, which reports are incorporated herein by reference. The reported results will not necessarily reflect future results of operations or financial condition.

Caution Regarding Forward-Looking Statements

This Report contains forward-looking statements that relate to future events or our future financial performance. Some discussions in this report may contain forward-looking statements that involve risk and uncertainty. A number of important factors could cause our actual results to differ materially from those expressed in any forward-looking statements made by us in this Report. Forward-looking statements are often identified by words like “believe,” “expect,” “estimate,” “anticipate,” “intend,” “project” and similar words or expressions that, by their nature, refer to future events.

In some cases, you can also identify forward-looking statements by terminology such as “may,” “will,” “should,” “plans,” “predicts,” “potential,” or “continue,” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, or achievements. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this Report. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or our predictions. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements in an effort to conform these statements to actual results.

Business Overview

League Now Holdings Corporation (“League Now”) was incorporated in September 2005 in Florida. We originally intended to operate as an application service provider offering web-based services for the online video gaming industry. In late 2009, we determined that the Company would be considered a “shell” company as that term is defined in Rule 12b-2 of the Securities Exchange Act of 1934.

Infiniti Systems Group (“Infiniti”), a wholly owned subsidiary of League Now, was incorporated in the State of Ohio in January 1995 as J.L. Consulting, Inc., to develop and consult on application development, project management, managed information technology (IT) services, IT helpdesk services, professional staffing and placement, network security products and services, and server virtualization, backup and disaster recovery. On July 15, 1999, J.L. Consulting, Inc. changed its name to Infiniti Systems Group, Inc.

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Infiniti is a reseller for Microsoft, McAfee and many other security products. We market our managed IT services to the small to medium businesses and our security and staffing services to Fortune 1000 companies. Our client base is across many industries including healthcare, financial, manufacturing, construction, transportation, non-profits and government. Infiniti is now specializing in IT security and information technology consulting for companies in the Midwestern United States. Infiniti’s security division provides product and service support in the Windows, Unix and Linux, Internet, mobile device, the latest on intrusion detection and prevention, disaster recovery and business continuity planning. The consulting division provides network support, application development, staffing and recruiting for many companies in the Midwestern United States.

Managed Services

Infiniti’s managed service is a cost effective approach to outsourcing some or all effort required to build or maintain an IT infrastructure environment. “Infrastructure” refers to:

●  computers that function as servers and workstations;

●  hubs, switches, routers making up hard wired and wireless connectivity;

●  printers, scanners, tape drives and other workflow peripherals;

●  and software components relating to program and data backup, virus projection, and security.

Our managed service consists of:

●  Problem Resolution

●  Preventive Maintenance

●  Remote Access Support

●  Remote Monitoring

●  Dispatch Desk

●  Help Desk

●  Virtual CIO/CTO

Security Consulting

We offer a complete line of security service to help our clients develop, implement and maintain effective security awareness programs. We have developed an information security practice that is time-tested and client specific. We focus on the following areas:

●  Network Security, Vulnerability Assessment, Penetration Testing

●  Mobile Device Security:

●  Security Policies and Procedures (ISO 17799 compliant):

●  Security Awareness Training:

●  PCI Compliance Review:

Staffing Services

Our professional staffing and recruiting services provide the top IT talent for temporary and permanent placement for the lowest cost to our customers. Infiniti will also complete the entire project as a turnkey operation, or assist our client’s staff with project completion as part of an in-house/outside consultant team approach.

Products

We also provide our clients with the latest in Firewalls/Gateway Security, Network/Internet Security and Messaging Security, Mobile Security and Backup/Restore as a reseller for the industry’s top software product manufacturers like Microsoft, McAfee and Good Technologies.

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Market Opportunity

Infiniti has positioned itself in the IT consulting business by being able to market its services to small and mid-size firms, while also being able to capture the larger market of Fortune 1000 companies. We continue to build partnerships with various vendors to enable us to offer unique support and solutions to our customers. The market need for outside IT services continues to grow as businesses seek to save money by out-sourcing many of the necessary functions which our company offers.

Industry Overview

The IT service industry continues to be one of the fastest growing in the United States. The dependency of most businesses on information technology platforms and security has grown at a pace relative to the development of the computer and internet businesses. In addition, the recent recession has left businesses seeking ways to cut costs without risking damage to their companies. One way has been outsourcing of certain services, including human resources, accounting, information technology and security. Moreover, many companies have short-term staffing needs but concerns about full time employment costs and expenses (such as payroll taxes, disability and workers’ compensation premiums, health insurance contributions and employment related liabilities). Our information technology staffing solutions provide a way for our clients to get the short-term staffing they need for projects while avoiding these potential liabilities. Our competition is large with staffing and security companies, but our pricing gives us a competitive advantage to open doors in this marketplace.

Growth Strategy

The Company plans to continue to develop each of its practice areas. We are currently looking at acquisition opportunities to expand our services, territories and customer base.

We currently do not own any intellectual property but are working in healthcare space to develop a product to better handle medical processing of claims and significantly reduce medical costs. We have not yet chosen a name for this product. Our plan is to have the product developed by mid-2013, with a number of installations to commence also in 2013. This product could provide significant growth to our revenue and profitability.

RESULTS OF OPERATIONS

Results of Operations

Comparison of the Three Months Ended September 30, 2012 with the Three Months Ended September 30, 2011 and Nine Months Ended September 30, 2012 with the Nine Months Ended September 30, 2011

Revenues

Revenues for the three months ended September 30, 2012 were $1,000,222. This is up substantially from the revenue from the third quarter of 2011. No revenue was reported during last year’s third quarter. Infiniti revenues have increased by 14% from last year through September 30. We have seen an increase need for temporary IT staff, security products and consulting in 2012. Year to date sales as of September 30, 2012 was $2,905,275.

Cost of Revenues

Cost of revenues for the three months ended September 30, 2012 was $793,802. Cost includes the employee/contractor costs and security product costs for the period. For the nine months ended September 30, 2012 cost of revenues was $2,305,076.

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Gross Profit

Our gross profit was $206,420 for the three months ended September 30, 2012, In comparison to 2011 where there was no sales or gross profit recorded. This includes both staffing and security product gross profit for the period. Gross profit for the nine months ended September 30, 2012 was $600,199.

General and Administrative Expenses

General and administrative expenses consist primarily of the cost of executive, administrative, and finance personnel, as well as professional fees. General and administrative expenses increased to $250,989 for three months ending September 30, 2012 as compared to $4,200 during thethree months ended September 30, 2011. We believe that our existing executive and administrative staffing levels are going to increase to support our growth plan of 20% per year in our business plan. General and administrative expenses for the nine months ended September 30, 2012 were $839,089.

Capital Resources and Liquidity

As of September 30, 2012 we had $0 in cash. As reflected in the accompanying financial statements, we had an decrease of cash in our operations of $7,281 and had a net loss of $124,585 for the three months ended September 30, 2012.

We may not have sufficient resources to fully develop any new products or technologies unless we are able to raise additional financing. We can make no assurances these required funds will be available on favorable terms, if at all. If additional capital is raised through the sale of equity or convertible debt securities, the issuance of such securities would result in dilution to our existing stockholders. Additionally, these conditions may increase costs to raise capital and/or result in further dilution. Our failure to raise capital when needed would adversely affect our business, financial condition and results of operations, and could force us to reduce or cease our operations.

We believe that we will be able to meet the costs of growth and public reporting with funds generated from operations and additional amounts generated through debt and equity financing, Although management believes that the required financing to fund product development there is no guarantee these funds will be made available, and if funds are available, that the terms will be satisfactory to the Company.

Impact of Inflation

The business will have to absorb any inflationary increases on development costs in the short-term, with the expectation that it will be able to pass inflationary increases on costs on to our customers through price increases on the release of these new/enhanced products into the market and hence the management do not expect inflation to be a significant factor in our business.

Off-Balance Sheet Arrangements

There are no off-balance sheet arrangements between us and any other entity 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 is material to stockholders.

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Going Concern

The Company has a working capital deficiency of $701,327 and a stockholders’ deficiency of $217,959, as of September 30, 2012. These factors raise substantial doubt about its ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.

Critical Accounting Policies

The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate our estimates based on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

Management believes that the application of these policies on a consistent basis enables us to provide useful and reliable financial information about our operating results and financial condition. Some of the critical accounting estimates are detailed below.

Critical Accounting Estimates and New Accounting Pronouncements

Critical Accounting Estimates

The preparation of financial statements in accordance with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect reported amounts and related disclosures in the financial statements. Management considers an accounting estimate to be critical if:

● it requires assumptions to be made that were uncertain at the time the estimate was made, and

● changes in the estimate or different estimates that could have been selected could have a material impact on our results of operations or financial condition.

We base our estimates and judgments on our experience, our current knowledge, our beliefs of what could occur in the future, our observation of trends in the industry, information provided by our customers and information available from other sources. Actual results may differ from these estimates under different assumptions or conditions. We have identified the following accounting policies and estimates as those that we believe are most critical to our financial condition and results of operations and that require management’s most subjective and complex judgments in estimating the effect of inherent uncertainties: share-based compensation expense, income taxes, and derivative financial instruments.

Share-Based Compensation Expense. We calculate share-based compensation expense for option awards and warrant issuances (“Share-based Awards”) based on the estimated grant/issue-date fair value using the Black-Scholes-Merton option pricing model (“Black-Sholes Model”), and recognize the expense on a straight-line basis over the vesting period, net of estimated forfeitures. The Black-Scholes Model requires the use of a number of assumptions including volatility of the stock price, the weighted average risk-free interest rate, and the vesting period of the Share-based Award in determining the fair value of Share-based Awards. Although we believe our assumptions used to calculate share-based compensation expense are reasonable, these assumptions can involve complex judgments about future events, which are open to interpretation and inherent uncertainty. In addition, significant changes to our assumptions could significantly impact the amount of expense recorded in a given period.

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Income Taxes. As part of the process of preparing our consolidated financial statements, we are required to estimate income taxes in each of the jurisdictions in which we operate. Our provision for income taxes is determined using the asset and liability approach to account for income taxes. A current liability is recorded for the estimated taxes payable for the current year. Deferred tax assets and liabilities are recorded for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using the enacted tax rates in effect for the year in which the timing differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of changes in tax rates or tax laws are recognized in the provision for income taxes in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount more-likely-than-not to be realized. Changes in valuation allowances will flow through the statement of operations unless related to deferred tax assets that expire unutilized or are modified through translation, in which case both the deferred tax asset and related valuation allowance are similarly adjusted. Where a valuation allowance was established through purchase accounting for acquired deferred tax assets, any future change will be credited or charged to income tax expense.

The determination of our provision for income taxes requires significant judgment, the use of estimates, and the interpretation and application of complex tax laws. In the ordinary course of our business, there are transactions and calculations for which the ultimate tax determination is uncertain. In spite of our belief that we have appropriate support for all the positions taken on our tax returns, we acknowledge that certain positions may be successfully challenged by the taxing authorities. We determine the tax benefits more likely than not to be recognized with respect to uncertain tax positions. Although we believe our recorded tax assets and liabilities are reasonable, tax laws and regulations are subject to interpretation and inherent uncertainty; therefore, our assessments can involve both a series of complex judgments about future events and rely on estimates and assumptions. Although we believe these estimates and assumptions are reasonable, the final determination could be materially different than that which is reflected in our provision for income taxes and recorded tax assets and liabilities.

New Accounting Pronouncements

In December 2011, FASB issued Accounting Standards Update (“ASU”) 2011-11, Balance Sheet - Offsetting. This guidance requires disclosures about offsetting and related arrangements for recognized financial instruments and derivative instruments. The standard is effective for us as of January 1, 2013 and will not materially impact our financial statement disclosures.

In September 2011, the FASB issued ASU 2011-08, “Testing Goodwill for Impairment.” This guidance provides the option to evaluate prescribed qualitative factors to determine whether a calculated goodwill impairment test is necessary. The standard is effective for us as of January 1, 2012 and will not materially impact on our financial condition, results of operations, or financial statement disclosures.

In May 2011, FASB issued Accounting Standards Update (“ASU”) 2011-05, Comprehensive Income: Presentation of Comprehensive Income, to allow an entity the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. ASU 2011-05 eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders’ equity. The amendments do not change the guidance regarding the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income. The amendments should be applied retrospectively, and is effective for fiscal years and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted. The adoption is not expected to have a material impact on the Company’s results of operations, financial position or cash flows.

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In May 2011, the FASB issued ASU 2011-04, Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. This ASU represents the converged guidance of the FASB and the IASB (the “Boards”) on fair value measurement, and results in common requirements for measuring fair value and for disclosing information about fair value measurements, including a consistent meaning of the term “fair value.” These amendments change some of the terminology used to describe many of the existing requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements. The amendments should be applied prospectively, and they are effective during interim and annual periods beginning after December 15, 2011. Early application by public entities is not permitted. The adoption is not expected to have a material impact on the Company’s results of operations, financial position or cash flows.

Management does not believe there would be a material effect on the accompanying financial statements had any other recently issued but not yet effective accounting standards been adopted in the current period.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not required.

ITEM 4 . CONTROLS AND PROCEDURES.

Evaluation of Disclosure Controls and Procedures. We maintain “disclosure controls and procedures” as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934. In designing and evaluating our disclosure controls and procedures, our management recognized that disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of disclosure controls and procedures are met. Additionally, in designing disclosure controls and procedures, our management necessarily was required to apply its judgment in evaluating the cost-benefit relationship of possible disclosure controls and procedures. The design of any disclosure controls and procedures is also based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Our Chief Executive Officer and Chief Financial Officer, have evaluated the effectiveness of our disclosure controls and procedures as of the end of the period covered by this report. Based on such evaluation, and as discussed in greater detail below, our Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of the period covered by this report, our disclosure controls and procedures were effective:

● to give reasonable assurance that the information required to be disclosed by us in reports that we file under the Securities Exchange Act of 1934 is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and

● to ensure that information required to be disclosed in the reports that we file or submit under the Securities Exchange Act of 1934 is accumulated and communicated to our management, including our CEO and our Treasurer, to allow timely decisions regarding required disclosure.

Changes in Internal Control over Financial Reporting. There are no changes in our internal control over financial reporting during our last fiscal quarter 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

None

ITEM 1A. RISK FACTORS

In addition to the other information set forth in this report, you should carefully consider the factors discussed under the caption “Risk Factors” in Part I, “Item 1. Description of Business” in our Annual Report on Form 10-K for the year ended December 31, 2011 which could materially affect our business prospects, financial condition or future results. There have been no other material changes during the nine months ended September 30, 2012 to the risk factors discussed in the periodic report noted above.

League Now has a history of uncertainty about continuing as a going concern.

League Now’s audits for the years ended December 31, 2011 and 2010 expressed an opinion as to its ability to continue as a going concern as a result of accumulated deficit of $207,175 and a working capital deficit of $298,598 as of December 31, 2011. As of September 30, 2012, the Company had an accumulated deficit of $541,556 and a working capital deficit of $701,327. Unless League Now is able to become profitable over successive future periods its ability to continue as a going concern will be in jeopardy.

League Now’s success is dependent on its ability to assist Infiniti to the point of generating sufficient revenues to sustain and expand operations.

League Now’s near term future operation is dependent on its ability to assist Infiniti to produce sufficient revenue to sustain and expand operations. The same successful efforts criteria will be required for any additional targets that are acquired by League Now. The success of these endeavors will require that sufficient funding be available to assist in the development of its business interests. Should we be unable to improve our financial condition through debt or equity offerings, our ability to successfully advance our business plan will be severely limited.

General economic conditions will affect our operations.

Changes in the general domestic and international climate may adversely affect the financial performance of League Now and Infiniti. Factors that may contribute to a change in the general economic climate include industry disputes, interest rates, inflation, and political and social reform. Further, the delayed revival of the domestic economy is not conducive to rapid growth, particularly of technology companies.

The market for our stock is limited and our stock price may be volatile.

The market for our common stock has been limited due to low trading volume and the small number of brokerage firms acting as market makers. Due to the limitations of our market and the volatility in the market price of our stock, investors may face difficulties in selling shares at attractive prices when they want to sell. The average daily trading volume for our stock has varied significantly from week to week and from month to month, and the trading volume often varies widely from day to day.

We incur significant expenses as a result of the Sarbanes-Oxley Act of 2002, which expenses may continue to negatively impact our financial performance.

We incur significant legal, accounting and other expenses as a result of the Sarbanes-Oxley Act of 2002, as well as related rules implemented by the Commission, which control the corporate governance practices of public companies. Compliance with these laws, rules and regulations, including compliance with Section 404 of the Sarbanes-Oxley Act of 2002, has substantially increased our expenses, including legal and accounting costs, and made some activities more time-consuming and costly.

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League Now’s common stock is currently deemed to be “penny stock”, which makes it more difficult for investors to sell their shares.

League Now’s common stock is and will be subject to the “penny stock” rules adopted under section 15(g) of the Exchange Act. The penny stock rules apply to companies whose common stock is not listed on the NASDAQ Stock Market or other national securities exchange and trades at less than $5.00 per share or that have tangible net worth of less than $5,000,000 ($2,000,000 if the company has been operating for three or more years). These rules require, among other things, that brokers who trade penny stock to persons other than “established customers” complete certain documentation, make suitability inquiries of investors and provide investors with certain information concerning trading in the security, including a risk disclosure document and quote information under certain circumstances. Many brokers have decided not to trade penny stocks because of the requirements of the penny stock rules and, as a result, the number of broker-dealers willing to act as market makers in such securities is limited. If League Now remains subject to the penny stock rules for any significant period, it could have an adverse effect on the market, if any, for our securities. If the League Now’s securities are subject to the penny stock rules, investors will find it more difficult to dispose of our securities.

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

Pursuant to the Stock Purchase and Share Exchange Agreement, on January 31, 2012, the Infiniti Shareholders acquired 30,000,000 post-split common shares of League Now. Such securities were not registered under the Securities Act. These securities qualified for exemption under Section 4(2) of the Securities Act since the issuance of securities by us did not involve a public offering. The offering was not a “public offering” as defined in Section 4(2) due to the insubstantial number of persons involved in the transaction, size of the offering, manner of the offering and number of securities offered. We did not undertake an offering in which we sold a high number of securities to a high number of investors. In addition, these shareholders had the necessary investment intent as required by Section 4(2) since they agreed to and received share certificates bearing a legend stating that such securities are restricted pursuant to Rule 144 of the Securities Act. This restriction ensures that these securities would not be immediately redistributed into the market and therefore not be part of a “public offering.” Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act for this transaction.

In January, 2012 the Company issued 500,000 shares of its common stock to a consultant in exchanges for services rendered to the Company. Such securities were not registered under the Securities Act. These securities qualified for exemption under Section 4(2) of the Securities Act since the issuance of securities by us did not involve a public offering. The offering was not a “public offering” as defined in Section 4(2) due to the insubstantial number of persons involved in the transaction, size of the offering, manner of the offering and number of securities offered. We did not undertake an offering in which we sold a high number of securities to a high number of investors. In addition, these shareholders had the necessary investment intent as required by Section 4(2) since they agreed to and received share certificates bearing a legend stating that such securities are restricted pursuant to Rule 144 of the Securities Act. This restriction ensures that these securities would not be immediately redistributed into the market and therefore not be part of a “public offering.” Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act for this transaction.

In June, 2012 the Company issued 1,500,000 shares of its common stock to a consultant in exchanges for services rendered to the Company. Such securities were not registered under the Securities Act. These securities qualified for exemption under Section 4(2) of the Securities Act since the issuance of securities by us did not involve a public offering. The offering was not a “public offering” as defined in Section 4(2) due to the insubstantial number of persons involved in the transaction, size of the offering, manner of the offering and number of securities offered. We did not undertake an offering in which we sold a high number of securities to a high number of investors. In addition, these shareholders had the necessary investment intent as required by Section 4(2) since they agreed to and received share certificates bearing a legend stating that such securities are restricted pursuant to Rule 144 of the Securities Act. This restriction ensures that these securities would not be immediately redistributed into the market and therefore not be part of a “public offering.” Based on an analysis of the above factors, we have met the requirements to qualify for exemption under Section 4(2) of the Securities Act for this transaction.

13

On July 11, 2012, League Now Holdings Corporation (the “Company”) sold and issued a Convertible Promissory Note (the “Note”) to Asher Enterprises, Inc. (“Asher”) in the principal amount of $53,000 pursuant to the terms of a Securities Purchase Agreement (the ” Purchase Agreement”) of even date therewith. Asher is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended.

The Note, together with accrued interest at the annual rate of eight percent (8%), is due on April 10, 2013 (the “Maturity Date”). The Note is convertible into the Company’s common stock commencing one hundred eighty (180) days from the date of issuance at a conversion price equal to 60% of the Market Price of the Company’s common stock on the date of conversion. “Market Price” is defined in the Note as the average of the lowest three (3) trading prices for the Company’s common stock during the ten (10) trading days prior to the conversion date. The Company has the right to prepay the Note at any time from the date of issuance until the 180^th day the Note was issued at an amount equal to 135% of (i) the then outstanding principal amount of the Note, including accrued and unpaid interest due on the prepayment date. In connection with the sale of the Note, the Company relied upon the exemption from registration provided by Regulation D under the Securities Act of 1933, as amended.

On August 29, 2012, League Now Holdings Corporation (the “Company”) sold and issued a Convertible Promissory Note (the “Note”) to Asher Enterprises, Inc. (“Asher”) in the principal amount of $27,500 pursuant to the terms of a Securities Purchase Agreement (the ” Purchase Agreement”) of even date therewith. Asher is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended.

The Note, together with accrued interest at the annual rate of eight percent (8%), is due on April 10, 2013 (the “Maturity Date”). The Note is convertible into the Company’s common stock commencing one hundred eighty (180) days from the date of issuance at a conversion price equal to 60% of the Market Price of the Company’s common stock on the date of conversion. “Market Price” is defined in the Note as the average of the lowest three (3) trading prices for the Company’s common stock during the ten (10) trading days prior to the conversion date. The Company has the right to prepay the Note at any time from the date of issuance until the 180^th day the Note was issued at an amount equal to 135% of (i) the then outstanding principal amount of the Note, including accrued and unpaid interest due on the prepayment date.

The Company utilized the proceeds from both Asher transactions for general working capital.

ITEM 3. DEFAULTS UPON SENIOR DEBT

None

ITEM 4. [Removed and Reserved]

None

14

ITEM 5. OTHER INFORMATION

On January 20, 2012, we entered into a Stock Purchase Agreement and Share Exchange (the “Agreement”) with Infiniti Systems Group, Inc. (“Infiniti”). Pursuant to the Agreement, the Company agreed to issue 30 million common shares of our stock to the shareholders of Infiniti in exchange for 100% of the issued and outstanding capital stock of Infiniti. The shares issued to the shareholders of Infiniti represent 60% of our issued and outstanding capital stock on a fully diluted basis (the “Stock Consideration”). In addition, our Chief Executive Officer and Chief Financial Officer, Mario Barton, resigned from those offices. John Bianco, the Chief Executive Officer of Infiniti, was appointed the Company’s new President and Chief Executive Officer. Our new Treasurer and Chief Financial Officer is Lisa Bischof, and our new Secretary and Chief Operating Officer is D. Bruce Veness. The transaction closed on January 31, 2012, with the Company issuing 30 million shares to Bianco, Veness and Bischof. Contemporaneously with the closing, James Pregiato returned 25,803,288 shares of our common stock which were held by him.

On August 3, 2012, Mario Barton resigned from the board of directors of League Now Holdings Corporation. In his letter of resignation, Mr. Barton did not indicate that there were any disagreements between himself and the Company’s board of directors regarding the Company’s operations, policies or practices.

Also on August 3, 2012, Mr. Joe Charles, the Company’s President was elected to the Company’s board of directors to fill the vacancy created by the resignation of Mr. Barton.

From 2000-2002, Mr. Charles was the Vice President of ISG’s Infrastructure Division, responsible for all sales, marketing and delivery to clients. Prior to that Mr. Charles was President of Sigma Design, Inc., an International Architecture Computer Aided Design Software firm in Boston Massachusetts. Mr. Charles started his career founding Northeast CAD Systems a national Computer Aided Design and Drafting software reseller and services firm in Cleveland, Ohio.

Mr. Charles has a bachelor’s degree in computer sciences and business management from Kent State University.

Mr. Charles does not have a family relationship with any director or executive officer of the Company, nor with any of its affiliates, nor are there any arrangements or understandings between him and any other person with respect to his election to the board of directors.

15

ITEM 6. EXHIBITS

Exhibits:

Exhibit No.	Description
31.1 and 31.2	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14.*
32.1 and 32.2	Certification of Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.*
101.INS	XBRL Instance Document
101.SCH	XBRL Taxonomy Schema
101.CAL	XBRL Taxonomy Calculation Linkbase
101.DEF	XBRL Taxonomy Definition Linkbase
101.LAB	XBRL Taxonomy Label Linkbase
101.PRE	XBRL Taxonomy Presentation Linkbase

* Filed Herewith.

16

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.

	League Now Holdings Corporation
	(Registrant)
Date: November 14, 2012	/s/ John Bianco
	Chief Executive Officer
	/s/ Lisa Bischof
	Chief Financial Officer

17

EX-31.1

Exhibit 31.1

CERTIFICATION PURSUANT TO

SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, John Bianco, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of League Now Holdings Corporation.;

(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 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 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 (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 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.

November 14, 2012	/s/ John Bianco
	John Bianco
	Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATION PURSUANT TO

SECTION 302 OF

THE SARBANES-OXLEY ACT OF 2002

I, Lisa Bischof, certify that:

(1) I have reviewed this Quarterly Report on Form 10-Q of League Now Holdings Corporation.;

(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 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 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 (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 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.

November 14, 2012	/s/ Lisa Bischof
	Lisa Bischof
	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 League Now Holdings Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2012, as filed with the Securities and Exchange Commission (the “Report”), I, John Bianco, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(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 result of operations of the Company.

/s/ John Bianco

John Bianco

Chief Executive Officer

November 14, 2012

A signed original of this certification has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32.2

EXHIBIT 32.2

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 League Now Holdings Corporation (the “Company”) on Form 10-Q for the period ended September 30, 2012, as filed with the Securities and Exchange Commission (the “Report”), I, Lisa Bischof, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(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 result of operations of the Company.

/s/ Lisa Bischof

Lisa Bischof

Chief Financial Officer

November 14, 2012

A signed original of this certification has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Estimated Future Amortization Expense (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Loan Fees [Abstract]
2012	$ 239
2013	954
2014	954
2015	954
2016	846
Total	$ 3,947

XML

Commitments (Details Narrative) (USD $)	3 Months Ended	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2012
Commitments and Contingencies Disclosure [Abstract]
Monthly lease rent expense related to office space in Brecksville		$ 6,694
Operating leases expense	$ 20,082	$ 59,736

XML

Earnings-Per-Share Calculation (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Earnings Per Share [Abstract]
Net earnings from operations	$ (124,585)	$ (4,200)	$ (334,381)	$ (16,700)
Weighted-average common shares	53,445,563	45,748,288	52,160,025	45,748,288
Warrants
Options to purchase common stock
Dilutive potential common shares	53,445,563	45,748,288	52,160,025	45,748,288
Basic	$ 0.00	$ 0.00	$ (0.01)	$ 0.00
Diluted	$ 0.00	$ 0.00	$ (0.01)	$ 0.00

XML

Estimated Useful Lives of Property and Equipment (Details)	9 Months Ended
	Sep. 30, 2012
Office Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Office Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Computers And Peripherals [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years

XML

Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consisted of the following:

	September 30, 2012			December 31, 2011
Computers and peripherals	$	182,382		$	181,952
Office equipment		59,816			59,816
Computer software		28,423			28,423
		270,621			270,191
		(270,501	)		(268,472	)
Less: accumulated depreciation	$	120		$	1,719

XML

Principal Payments of Long-Term Debt (Details) (USD $)	Sep. 30, 2012
Debt Disclosure [Abstract]
2012	$ 28,056
2013	148,665
2014	43,719
2015	44,360
2016	12,989
Thereafter	404
Total	$ 278,193

XML

Property and Equipment (Details) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 270,621	$ 270,191
Less: accumulated depreciation	(270,501)	(268,472)
Property and equipment, net	120	1,719
Computers And Peripherals [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	182,382	181,952
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	59,816	59,816
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, Gross	$ 28,423	$ 28,423

XML

Share Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
General and administrative			$ 140,000

XML

Going Concern

9 Months Ended

Sep. 30, 2012

Going Concern [Abstract]

Going Concern

NOTE 3. GOING CONCERN

The accompanying financial statements have been prepared assuming that League Now will continue as a going concern. The Company had a working capital deficiency of $701,327 and a stockholder’s deficiency of $217,959 and as of September 30, 2012. These conditions raise substantial doubt about League Now’s ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management believes that actions presently being taken to obtain additional funding and implement its strategic plans provide the opportunity for the Company to continue as a going concern.

XML

Stockholder' Notes and Debentures (Details Narrative) (USD $)	9 Months Ended		1 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012 Officer and Stockholder [Member]	Jul. 31, 2012 Officer and Stockholder [Member]	Jul. 31, 2010 Officer and Stockholder [Member]	Dec. 31, 2011 Officer and Stockholder [Member]	Sep. 30, 2012 Officer and Stockholder [Member] Minimum [Member]	Sep. 30, 2012 Officer and Stockholder [Member] Maximum [Member]
Debt Instrument [Line Items]
Proceeds from stockholder notes and debentures	$ 72,904		$ 15,730	$ 10,000	$ 50,000
Interest rate on loan			7.00%	7.00%	7.00%		5.00%	7.00%
Unsecured debt			$ 78,234			$ 96,191

XML

Earnings-Per-Share Calculation (Tables)

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earning Per Share Calculation

Basic earnings per common share for the three and nine months ended September 30, 2012 and 2011 are calculated by dividing net income by weighted-average common shares outstanding during the period. Diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011 are calculated by dividing net income by weighted-average common shares outstanding during the period plus dilutive potential common shares, which are determined as follows:

	For the three months ended September 30, 2012			For the three months ended September 30, 2011
Net earnings from operations	$	(124,585	)	$	(4,200	)
Weighted-average common shares		53,445,563			45,748,288
Effect of dilutive securities:
Warrants		-			-
Options to purchase common stock		-			-
Dilutive potential common shares		53,445,563			45,748,288
Net earnings per share from operations:
Basic	$	(0.00	)	$	(0.00	)
Diluted	$	(0.00	)	$	(0.00	)

	For the nine months ended September 30, 2012			For the nine months ended September 30, 2011
Net earnings from operations	$	(334,381	)	$	(16,700	)
Weighted-average common shares		52,160,025			45,748,288
Effect of dilutive securities:
Warrants		-			-
Options to purchase common stock		-			-
Dilutive potential common shares		52,160,025			45,748,288
Net earnings per share from operations:
Basic	$	(0.01	)	$	(0.00	)
Diluted	$	(0.01	)	$	(0.00	)

XML

Stockholder's Deficiency (Tables)

9 Months Ended

Sep. 30, 2012

Stockholders' Equity Note [Abstract]

Schedule of Common Stock Reserved for Issuance

The following table summarizes all shares of common stock reserved for issuance at September 30, 2012:

	Number of Shares
Maximum shares issuable in connection with:
Convertible debt instruments (with 5x reserve multiple)		12,673,139

XML

Stockholder's Deficiency (Details Narrative) (USD $)

1 Months Ended

9 Months Ended

Jun. 21, 2012

Jan. 31, 2012

Sep. 30, 2012

Dec. 31, 2011

Class of Stock [Line Items]

Common stock, shares authorized

100,000,000

100,000,000

Common stock, par value

$ 0.001

$ 0.001

Preferred stock, shares authorized

10,000,000

10,000,000

Preferred stock, par value

$ 0.001

$ 0.001

Voting rights

Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, can elect all of League Now’s directors.

Common shares issued for professional services, shares

1,500,000

500,000

Common shares issued for professional services, value

$ 105,000

$ 35,000

$ 35,000

Bianco Veness and Bischof [Member]

Class of Stock [Line Items]

Common shares issued for professional services, shares

30,000,000

Bianco Veness and Bischof [Member] | Private Placement [Member]

Class of Stock [Line Items]

Shares issued

30,000,000

James Pregiato [Member]

Class of Stock [Line Items]

Stock returned to the company

25,803,288

James Pregiato [Member] | Private Placement [Member]

Class of Stock [Line Items]

Stock returned to the company

25,803,288

XML

Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share based compensation

The following presents the impact of share based compensation expense on our condensed consolidated statements of operations:

	Three months ended					Nine months ended
	September 30,					September 30,
	2012		2011			2012		2011
General and administrative	$	-		$	-	$	140,000	$	-

XML

Business and Organization (Details)	1 Months Ended		9 Months Ended
	Jun. 21, 2012	Jan. 31, 2012	Sep. 30, 2012 Infiniti Systems Group Inc [Member]	Sep. 30, 2012 Bianco Veness and Bischof [Member]	Sep. 30, 2012 James Pregiato [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Common shares of its common stock to the shareholders			30,000,000
Ownership percentage			100.00%
Percentage of equity equals to stock issued to subsidiary			60.00%
Shares issued in exchange for services on January 30, 2012, Shares	1,500,000	500,000		30,000,000
Stock returned to the company					25,803,288

XML

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2012

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Consolidation policy. The accompanying September 30, 2012 financial statements include League Now’s accounts and the accounts of its subsidiary. All significant intercompany transactions and balances have been eliminated in consolidation.

Basis of presentation. In the opinion of management, the accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal occurring accruals) considered necessary for fair presentation of League Now’s financial position as of September 30, 2012, and the results of its operations and cash flows for the three and nine months ended September 30, 2012, have been made. Operating results for the nine months ended September 30, 2012 are not necessarily indicative of results that may be expected for the year ending December 31, 2012.

These condensed consolidated financial statements should be read in conjunction with the financial statements and notes for the year ended December 31, 2011, thereto contained in League Now’s Form 10-K.

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, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and assumptions.

Revenue recognition. The Company recognizes revenue on service offerings in accordance with FASB Accounting Standards Codification (ASC) No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability is reasonably assured.

Accounts receivable. Accounts receivable are stated at face value, less an allowance for doubtful accounts. League Now provides an allowance for doubtful accounts based on management’s periodic review of accounts, including the delinquency of account balances. Accounts are considered delinquent when payments have not been received within the agreed upon terms, and are written off when management determines that collection is not probable. As of September 30, 2012 management has determined that no allowance for doubtful accounts is required.

Notes receivable. Notes receivable are stated at face value, plus any accrued interest earned. The Company analyzes each note receivable each period for probability of collectability. Notes are considered in default when payments have not been received within the agreed upon terms, and are written off when management determines that collection is not probable. As of September 30, 2012 and December 31, 2011, management has determined that no occurrence of default exists.

Property and equipment. Property and equipment are stated at cost less accumulated depreciation and amortization. Maintenance and repairs are charged to operations as incurred. When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from the accounts, and any resulting gain or loss is reflected in operations in the period realized.

Depreciation of property and equipment is recorded using the straight-line method over the estimated useful lives of the related assets, which range as follows:

Office equipment	5-7 years
Computers and peripherals	5 years
Computer software	5 years

Goodwill. In accordance with GAAP, goodwill in the amount of $879,253 related to the business combination with Infiniti will be evaluated for impairment on an annual basis starting calendar year ending December 31, 2012.

Loan fees. Loan fees represent fees paid to third parties that provided services in relation to securing financing. Amortization is recognized as a component of interest expense and is computed using the straight-line method over the life of the term loan.

Income taxes. Income taxes are provided for using the liability method of accounting. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Deferred tax expense (benefit) results from the net change during the year in deferred tax assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to more likely than not be realized in future tax returns. Tax law and rate changes are reflected in income in the period such changes are enacted.

Advertising expenses. Advertising costs are expensed as incurred. Advertising expenses are included in general and administrative expense in the accompanying statement of operations. Total advertising expenses were $8,587 and $- for the nine months ended September 30, 2012 and 2011, respectively.

Share based compensation. We account for share based compensation in accordance with ASC No. 718, Compensation - Stock Compensation, which requires the measurement of compensation costs at fair value on the date of grant and recognition of compensation expense over the service period for awards expected to vest.

General accounting policy for contingencies. Certain conditions may exist which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they arise from guarantees, in which case the guarantees would be disclosed.

As of September 30, 2012 and December 31, 2011, the Company’s management believes that there are no outstanding legal proceedings which would have a material adverse effect on the financial position of the Company.

Loss per share. Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by ASC No. 260, “Earnings Per Share.” As of September 30, 2012, there were no common share equivalents outstanding.

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Summary of Significant Accounting Policies (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Goodwill	$ 879,253		$ 879,253
Advertising expense	$ 8,587

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Lines of Credit (Details Narrative) (Revolving Credit Facility [Member], USD $)	9 Months Ended
	Sep. 30, 2012	Dec. 31, 2011
Line of Credit Facility [Line Items]
Line of credit facility, Amount	$ 260,700	$ 260,700
Remaining borrowing capacity	68,867	68,892
Independence Bank [Member]
Line of Credit Facility [Line Items]
Line of credit facility, Amount	$ 350,000	$ 350,000
Interest rate on line of credit facility	1.25%
Prime interest rate	4.50%
Minimum [Member]
Line of Credit Facility [Line Items]
Interest rate on line of credit facility	0.00%
Maximum [Member]
Line of Credit Facility [Line Items]
Interest rate on line of credit facility	22.24%

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Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Current assets:
Cash		$ 7,281
Accounts receivable	701,619	302,872
Note receivable	10,000
Other current assets	332	21,204
Total current assets	711,951	331,357
Property and equipment, net	120	1,719
Other assets:
Goodwill	879,253	879,253
Loan fees, net	3,947
Other noncurrent assets	4,149
Total other assets	887,349	879,253
Total assets	1,599,420	1,212,329
Current liabilities:
Lines of credit	541,833
Current portion of long-term loans	28,056	41,302
Accounts payable	712,902	331,755
Accrued expenses and other current liabilities	130,487	162,038
Stockholders' notes and debentures		94,860
Total current liabilities	1,413,278	629,955
Notes payable, less current maturities		599,075
Long-term loans	250,137	68,724
Stockholders' notes and debentures	153,964
Total non current liabilities	404,101	667,799
Total liabilities	1,817,379	1,297,754
Stockholders' deficiency:
Preferred stock, $0.001 par value; authorized 10,000,000 shares; none issued nor outstanding
Common stock, $0.001 par value, authorized 100,000,000 shares; issued and outstanding 53,445,563 and 47,248,851 shares as of September 30, 2012 and December 31, 2011 respectively	53,446	47,549
Additional paid-in capital	270,151	74,201
Accumulated deficit	(541,556)	(207,175)
Total stockholders' deficiency	(217,959)	(85,425)
Total liabilities and stockholders' deficiency	$ 1,599,420	$ 1,212,329

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Schedule of Common Stock Reserved for Issuance (Details)	Sep. 30, 2012
Stockholders' Equity Note [Abstract]
Authorized shares to be issued in connection with convertible debt instruments	12,673,139

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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (334,381)	$ (16,700)
Adjustments to reconcile net loss to cash provided by/(used in) operating activities:
Depreciation	2,029
Amortization of loan fees	715
Gain on extinguishment of debt	(25,000)
Promissory notes issued in exchange for services	1,000
Stock issued for services	140,000
Interest charge on premium for convertible debts	61,847
Changes in operating assets and liabilities:
Accounts receivable	(398,747)
Other current assets	(332)	3,784
Other noncurrent assets	2,393
Accounts payable	379,971	12,916
Accrued expenses and other current liabilities	61,593	(3,193)
Net cash provided by operating activities	(108,912)	(3,193)
NET CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(430)
Net cash used in investing activities	(430)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments on lines of credit, net	25
Proceeds from stockholder notes and debentures	72,904
Repayment of stockholder notes and debentures	(13,800)
Proceeds from notes payable and long-term loans	80,500
Repayment of notes payable and long-term loans	(37,568)
Net cash provided by financing activities	102,061
NET INCREASE (DECREASE) IN CASH	(7,281)	(3,193)
CASH - BEGINNING OF PERIOD	7,281	6,436
CASH - END OF PERIOD		3,243
Supplemental Disclosures:
Cash paid for interest	54,522
Cash paid for income taxes
Stock issued for consideration in Infiniti transaction
Common stock	30,000
Additional paid-in capital	(30,000)
Total stock issued
Common stock forfeiture as part of Infiniti transaction
Common stock	(25,803)
Additional paid-in capital	25,803
Total common stock forfeiture

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Note Receivable (Details Narrative) (USD $)

1 Months Ended

Jun. 30, 2011

Receivables [Abstract]

Advanced to an unrelated party

$ 10,000

Interest rate on notes

8.00%

Maturity date of notes receivable

Jul. 30, 2011

Description of notes security

The note is secured by the party’s 40% ownership interest in the stock of Bayview Acquisition Corp. (a public company).

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Subsequent Events

9 Months Ended

Sep. 30, 2012

Subsequent Events [Abstract]

Subsequent Events

NOTE 16– SUBSEQUENT EVENTS

Management has evaluated subsequent events after the balance sheet date, through the issuance of the financial statements, for appropriate accounting and disclosure. League Now has determined that there were no such events, other than those described below, that warrant disclosure or recognition in the financial statements.

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Property and Equipment (Details Narrative) (USD $)	9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 2,029

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Summary of Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Estimated Useful Lives of Property and Equipment

Depreciation of property and equipment is recorded using the straight-line method over the estimated useful lives of the related assets, which range as follows:

Office equipment	5-7 years
Computers and peripherals	5 years
Computer software	5 years

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Business and Organization

9 Months Ended

Sep. 30, 2012

Business and Organization [Abstract]

Business and Organization

NOTE 1. BUSINESS AND ORGANIZATION

Business and organization. League Now Holdings Corporation was incorporated under the laws of the State of Florida on September 21, 2005. The Company was formed to operate under the domain name, www.leaguenow.com as an application service provider offering web-based services for online video game users. The Company’s strategy was directed toward the satisfaction of our registered members by offering integrated internet technology for the online video game industry that quickly and easily allowed individuals to enter and play in peer organized leagues in the United States and worldwide, twenty-four hours a day, seven days a week. The Company discontinued these operations.

On January 20, 2012 the company entered into a Stock Purchase Agreement and Share Exchange (the “Agreement”) with Infiniti Systems Group, Inc. (“Infiniti”). Pursuant to the Agreement, the Company agreed to issue 30 million common shares of its common stock to the shareholders of Infiniti in exchange for 100% of the issued and outstanding capital stock of Infiniti. The shares issued to the shareholders of Infiniti represent 60% of its issued and outstanding capital stock on a fully diluted basis (the “Stock Consideration”). In addition, the Chief Executive Officer and Chief Financial Officer, Mario Barton, has resigned from those offices. John Bianco, the Chief Executive Officer of Infiniti, has agreed to serve as the Company’s new President and Chief Executive Officer. The new Treasurer and Chief Financial Officer is Lisa Bischof, and the new Secretary and Chief Operating Officer is D. Bruce Veness. The transactions contemplated by the Agreement were closed on January 31, 2012, with the Company issuing 30 million shares to Bianco, Veness and Bischof. Contemporaneously with the closing, Mr. James Pregiato, a former officer and director of the Company returned 25,803,288 shares of our common stock which were held by him to the Company’s treasury.

J.L. Consulting, Inc. was organized under the laws of the State of Ohio on January 2, 1995. On December 11, 1998, the Company changed its corporate name from J.L. Consulting, Inc. to Infiniti Systems Group, Inc. The Company provides technology integration services to businesses. These services include management consulting, e-business services, application development, facilities development and network development. The Company’s principal office is in Brecksville, Ohio, with an additional office in Raleigh, North Carolina.

Unless the context indicates otherwise, all references herein to “League Now,” “Company,” “we,” “us,” and “our” refer to League Now Holdings Corporation and its consolidated subsidiary.

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Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	53,445,563	47,248,851
Common stock, shares outstanding	53,445,563	47,248,851

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Earnings-Per-Share Calculation

9 Months Ended

Sep. 30, 2012

Earnings Per Share [Abstract]

Earnings-Per-Share Calculation

NOTE 11 – EARNINGS-PER-SHARE CALCULATION

Basic earnings per common share for the three and nine months ended September 30, 2012 and 2011 are calculated by dividing net income by weighted-average common shares outstanding during the period. Diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011 are calculated by dividing net income by weighted-average common shares outstanding during the period plus dilutive potential common shares, which are determined as follows:

	For the three months ended September 30, 2012			For the three months ended September 30, 2011
Net earnings from operations	$	(124,585	)	$	(4,200	)
Weighted-average common shares		53,445,563			45,748,288
Effect of dilutive securities:
Warrants		-			-
Options to purchase common stock		-			-
Dilutive potential common shares		53,445,563			45,748,288
Net earnings per share from operations:
Basic	$	(0.00	)	$	(0.00	)
Diluted	$	(0.00	)	$	(0.00	)

	For the nine months ended September 30, 2012			For the nine months ended September 30, 2011
Net earnings from operations	$	(334,381	)	$	(16,700	)
Weighted-average common shares		52,160,025			45,748,288
Effect of dilutive securities:
Warrants		-			-
Options to purchase common stock		-			-
Dilutive potential common shares		52,160,025			45,748,288
Net earnings per share from operations:
Basic	$	(0.01	)	$	(0.00	)
Diluted	$	(0.01	)	$	(0.00	)

Dilutive potential common shares are calculated in accordance with the treasury stock method, which assumes that proceeds from the exercise of all warrants and options are used to repurchase common stock at market value. The amount of shares remaining after the proceeds are exhausted represents the potentially dilutive effect of the securities. The increasing number of warrants used in the calculation is a result of the increasing market value of League Now’s common stock. In periods where losses are reported the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive.

In periods where losses are reported the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would be anti-dilutive. As of September 30, 2012 and 2011, there were no common share equivalents outstanding.

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Document and Entity Information	9 Months Ended
	Sep. 30, 2012	Nov. 10, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	LEAGUE NOW HOLDINGS CORP
Entity Central Index Key	0001424657
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-31
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		57,862,230
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2012

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Share Based Compensation

9 Months Ended

Sep. 30, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share Based Compensation

NOTE 12 – SHARE BASED COMPENSATION

The following presents the impact of share based compensation expense on our condensed consolidated statements of operations:

	Three months ended					Nine months ended
	September 30,					September 30,
	2012		2011			2012		2011
General and administrative	$	-		$	-	$	140,000	$	-

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Condensed Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Income Statement [Abstract]
Revenues	$ 1,000,222		$ 2,905,275
Cost of revenues	793,802		2,305,076
Gross profit	206,420		600,199
Expenses:
General and administrative	250,989	4,200	839,089	16,700
Depreciation and amortization	588		2,029
Total expenses	251,577	4,200	841,118	16,700
Loss from operations	(45,157)	(4,200)	(240,919)	(16,700)
Interest expense	(79,428)		(118,462)
Gain on extinguishment of debt			25,000
Loss before provision for income taxes	(124,585)	(4,200)	(334,381)	(16,700)
Provision for income taxes
Net loss	$ (124,585)	$ (4,200)	$ (334,381)	$ (16,700)
Net loss per share - basic and diluted	$ 0.00	$ 0.00	$ (0.01)	$ 0.00
Weighted average number of shares of common stock outstanding - basic and diluted	53,445,563	45,748,288	52,160,025	45,748,288

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Loan Fees

9 Months Ended

Sep. 30, 2012

Loan Fees [Abstract]

Loan Fees

NOTE 6. LOAN FEES

Deferred loan fees of $6,677 represent fees paid to third parties that provided services in relation to securing financing. The loan fees are shown net of accumulated amortization of $2,730 and $2,015 at September 30, 2012 and December 31, 2011, respectively.

Expected future amortization expense for deferred loan fees is as follows:

Year ending
December 31,
2012	$	239
2013		954
2014		954
2015		954
2016		846
	$	3,947

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Property and Equipment

9 Months Ended

Sep. 30, 2012

Property, Plant and Equipment [Abstract]

Property and Equipment

NOTE 5. PROPERTY AND EQUIPMENT

Property and equipment consisted of the following:

	September 30, 2012			December 31, 2011
Computers and peripherals	$	182,382		$	181,952
Office equipment		59,816			59,816
Computer software		28,423			28,423
		270,621			270,191
		(270,501	)		(268,472	)
Less: accumulated depreciation	$	120		$	1,719

Depreciation expense was $2,028 and $- for the nine months ended September 30, 2012 and 2011, respectively.

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Summary of Significant Accounting Policies (Policies)

9 Months Ended

Sep. 30, 2012

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Consolidation policy

Consolidation policy. The accompanying September 30, 2012 financial statements include League Now’s accounts and the accounts of its subsidiary. All significant intercompany transactions and balances have been eliminated in consolidation.

Basis of presentation

Basis of presentation. In the opinion of management, the accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (GAAP) for interim financial information and with the instructions to Form 10-Q and rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal occurring accruals) considered necessary for fair presentation of League Now’s financial position as of September 30, 2012, and the results of its operations and cash flows for the three and nine months ended September 30, 2012, have been made. Operating results for the nine months ended September 30, 2012 are not necessarily indicative of results that may be expected for the year ending December 31, 2012.

These condensed consolidated financial statements should be read in conjunction with the financial statements and notes for the year ended December 31, 2011, thereto contained in League Now’s Form 10-K.

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, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and assumptions.

Revenue recognition

Revenue recognition. The Company recognizes revenue on service offerings in accordance with FASB Accounting Standards Codification (ASC) No. 605, “Revenue Recognition”. In all cases, revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability is reasonably assured.

Accounts receivable

Notes receivable. Notes receivable are stated at face value, plus any accrued interest earned. The Company analyzes each note receivable each period for probability of collectability. Notes are considered in default when payments have not been received within the agreed upon terms, and are written off when management determines that collection is not probable. As of September 30, 2012 and December 31, 2011, management has determined that no occurrence of default exists.

Notes receivable

Notes receivable. Notes receivable are stated at face value, plus any accrued interest earned. The Company analyzes each note receivable each period for probability of collectability. Notes are considered in default when payments have not been received within the agreed upon terms, and are written off when management determines that collection is not probable. As of September 30, 2012 and December 31, 2011, management has determined that no occurrence of default exists.

Property and equipment

Property and equipment. Property and equipment are stated at cost less accumulated depreciation and amortization. Maintenance and repairs are charged to operations as incurred. When assets are retired or otherwise disposed of, the cost and accumulated depreciation and amortization are removed from the accounts, and any resulting gain or loss is reflected in operations in the period realized.

Depreciation of property and equipment is recorded using the straight-line method over the estimated useful lives of the related assets, which range as follows:

Office equipment	5-7 years
Computers and peripherals	5 years
Computer software	5 years

Goodwill

Goodwill. In accordance with GAAP, goodwill in the amount of $879,253 related to the business combination with Infiniti will be evaluated for impairment on an annual basis starting calendar year ending December 31, 2012.

Loan fees

Loan fees. Loan fees represent fees paid to third parties that provided services in relation to securing financing. Amortization is recognized as a component of interest expense and is computed using the straight-line method over the life of the term loan.

Income taxes

Income taxes. Income taxes are provided for using the liability method of accounting. A deferred tax asset or liability is recorded for all temporary differences between financial and tax reporting. Deferred tax expense (benefit) results from the net change during the year in deferred tax assets and liabilities. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to more likely than not be realized in future tax returns. Tax law and rate changes are reflected in income in the period such changes are enacted.

Advertising expenses

Advertising expenses. Advertising costs are expensed as incurred. Advertising expenses are included in general and administrative expense in the accompanying statement of operations. Total advertising expenses were $8,587 and $- for the nine months ended September 30, 2012 and 2011, respectively.

Share based compensation

Share based compensation. We account for share based compensation in accordance with ASC No. 718, Compensation - Stock Compensation, which requires the measurement of compensation costs at fair value on the date of grant and recognition of compensation expense over the service period for awards expected to vest.

General accounting policy for contingencies

General accounting policy for contingencies. Certain conditions may exist which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company’s management and its legal counsel assess such contingent liabilities, and such assessment inherently involves an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company, or unasserted claims that may result in such proceedings, the Company’s legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought therein.

If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, the estimated liability would be accrued in the Company’s financial statements. If the assessment indicates that a potentially material loss contingency is not probable but is reasonably possible, or is probable but cannot be estimated, the nature of the contingent liability, together with an estimate of the range of possible loss if determinable and material, would be disclosed.

Loss contingencies considered remote are generally not disclosed unless they arise from guarantees, in which case the guarantees would be disclosed.

As of September 30, 2012 and December 31, 2011, the Company’s management believes that there are no outstanding legal proceedings which would have a material adverse effect on the financial position of the Company.

Loss per share

Loss per share. Basic and diluted net loss per common share is computed based upon the weighted average common shares outstanding as defined by ASC No. 260, “Earnings Per Share.” As of September 30, 2012, there were no common share equivalents outstanding.

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Related Party Transactions

9 Months Ended

Sep. 30, 2012

Related Party Transactions [Abstract]

Related Party Transactions

NOTE 13 – RELATED PARTY TRANSACTIONS

Due to the common control between League Now and its related parties, League Now is exposed to the potential that ownership risks and rewards could be transferred among the parties.

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Stockholder' Notes and Debentures

9 Months Ended

Sep. 30, 2012

Stockholder Notes And Debentures

Stockholder' Notes and Debentures

NOTE 9. STOCKHOLDER’ NOTES AND DEBENTURES

In July, 2010, the Company obtained a $50,000 loan from an officer/stockholder. The loan requires interest payments at a fixed rate of 7%, but specifies neither interest payment frequency nor a due date for the obligation. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

In July, 2012, the Company obtained a $10,000 loan from an officer/stockholder. The loan requires interest payments at a fixed rate of 7%, but specifies neither interest payment frequency nor a due date for the obligation. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

In September, 2012, the Company obtained a $15,730 loan from an officer/stockholder. The loan requires interest payments at a fixed rate of 7%, but specifies neither interest payment frequency nor a due date for the obligation. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

The Company has obtained unsecured advances and loans from an officer/stockholder and from a major stockholder aggregating $78,234 and $96,191 as of September 30, 2012 and December 31, 2011, respectively. The notes bear interest between 5% and 7% per annum without a specified due date. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

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Lines of Credit

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Lines of Credit

NOTE 7. LINES OF CREDIT

The Company maintains $260,700 of revolving lines of credit with various financial institutions, $68,867 and $68,892 of which was unused at September 30, 2012 and December 31, 2011, respectively. Advances on the lines of credit are payable on demand and bear interest between 0% and 22.24% per annum. Interest is payable monthly. The credit lines are unsecured.

The Company also has a $350,000 revolving line of credit with Independence Bank, all of which was used as of September 30, 2012 and December 31, 2011. Advances on the credit line are payable on demand and carry an interest rate of 1.25% over the bank’s prime rate, 4.50% at September 30, 2012. Interest is payable monthly. The credit line is secured by all assets of the Company, including accounts receivable, inventory (if acquired), office equipment, and the personal guaranty of a Company officer/stockholder.

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Long-Term Loans

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Long-Term Loans

NOTE 8. LONG-TERM LOANS

In March, 2009, the Company converted rent arrearages in the amount of $116,213 into a term loan with its landlord. The loan requires 42 monthly payments of $3,066 and bears interest at a fixed rate of 6%. The loan is secured by an officer/stockholder of the Company. $41,399 and $47,087 was outstanding as of September 30, 2012 and December 31, 2011, respectively.

During 2009, the Company obtained two $25,000 SBA-backed term loans from commercial banks. Each loan requires 84 monthly payments of $390 and includes interest at 4.75% above the bank’s prime rate, 8.00% at September 30, 2012. The term loan is secured by the personal guaranty of a Company officer/stockholder. $33,059 and $37,939 was outstanding as of September 30, 2012 and December 31, 2011, respectively.

Convertible Debenture – On March 1, 2010, the Company renewed a convertible debenture in the amount of $25,000. The debenture paid quarterly interest of 14% and matured on February 28, 2012. Upon maturity, principal and unpaid interest are payable in four equal, interest-free quarterly installments, the first of which is due on month after maturity. Prepayments of principal and interest are prohibited unless agreed to by the debenture holder. The debentures may be converted after November 1, 2011 and prior to maturity. The debentures are convertible into a number of common shares equal to one share of common stock for each $25,000 of principal owing on the conversion date. Any accrued but unpaid principal owed at the time of conversion is to be paid in cash. The debenture requires that any distribution to stockholders made while the debenture is outstanding be accompanied by a payment to the debenture holder in the amount that would have been received by the debenture holder had the debenture been converted to common stock immediately prior to the stockholder distribution. On March 31, 2012 the convertible debenture for $25,000 was forgiven to the company. Services will be provided for application development to his company going forward for $12,500 as total repayment.

In June, 2010, the Company obtained a $209,905 term loan from Independence Bank. The proceeds of the term loan were used to reduce the outstanding balances of the Company’s line of credit with the bank. The loan requires 69 monthly principal payments of $3000, plus monthly interest of 1.25% over the bank’s prime rate, 4.50% at September 30, 2012. The term loan is secured by the personal guaranty of a Company officer/stockholder. $122,235 and $149,235 was outstanding as of September 30, 2012 and December 31, 2011, respectively.

In March, 2012, the Company issued a $1,000 promissory note payable to an unrelated party in satisfaction of professional services rendered by the individual. The note is unsecured, non-interest bearing and due on demand. The outstanding principal balance has been classified as a non-current liability on the September 30, 2012 Balance Sheet because it is not expected to paid within one year from the Balance Sheet date.

On July 11, 2012 and August 24, 2012, League Now sold and issued Convertible Promissory Notes (the “Notes”) to Asher Enterprises, Inc. (“Asher”) in the principal amount of $53,000 and $27,500, respectively, pursuant to the terms of Securities Purchase Agreements (the “ Purchase Agreements”) of even dates therewith. Asher is an “accredited investor” as that term is defined in Rule 501(a) of Regulation D under the Securities Act of 1933, as amended. The Notes, together with accrued interest at the annual rate of eight percent (8%), are due on April 10, 2013 and May 28, 2013, respectively (the “Maturity Date”). The Notes are convertible into the Company’s common stock commencing one hundred eighty (180) days from the date of issuance at a conversion price equal to 60% of the Market Price of the Company’s common stock on the date of conversion. “Market Price” is defined in the Note as the average of the lowest three (3) trading prices for the Company’s common stock during the ten (10) trading days prior to the conversion date. The Company has the right to prepay the Notes at any time from the date of issuance until the 180^th day the Note was issued at an amount equal to 135% of (i) the then outstanding principal amount of the Note, including accrued and unpaid interest due on the prepayment date. In connection with the sale of the Note, the Company relied upon the exemption from registration provided by Regulation D under the Securities Act of 1933, as amended. The Company is also required to have authorized and reserved five times the number of shares that is actually issuable upon full conversion of the Notes (see Note 9).

On July 11, 2012 and August 24, 2012, the Company calculated the fair value of the Asher Notes in accordance with GAAP. The excess premium over the face value of the Notes was credited to additional paid-in capital with a direct charge to interest expense. The effective rates of the Notes are 82.8% and 83.1%, respectively.

Principal payments of long-term debt at September 30, 2012 are scheduled as follows:

Years ending
December 31,
2012	$	28,056
2013		148,665
2014		43,719
2015		44,360
2016		12,989
Thereafter		404
	$	278,193

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Stockholder's Deficiency

9 Months Ended

Sep. 30, 2012

Stockholders' Equity Note [Abstract]

Stockholder's Deficiency

NOTE 10. STOCKHOLDER’S DEFICIENCY

Common Shares – Authorized

League Now has 100,000,000 common shares authorized at a par value of $0.001 per share and 10,000,000 shares of preferred stock, par value $0.001 per share. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, can elect all of League Now’s directors.

Common Stock Issuances

For the nine months ended September 30, 2012, we issued the following shares:

Private placement offering and share forfeiture

The transactions contemplated by the Agreement were closed on January 31, 2012, with the Company issuing 30 million shares to Bianco, Veness and Bischof. Contemporaneously with the closing, Mr. James Pregiato, a former officer and director of the Company returned 25,803,288 shares of our common stock which were held by him to the Company’s treasury.

Share based compensation

On January 30, 2012, League Now issued 500,000 fully-vested shares of our common stock for professional services performed valued at $35,000.

On June 21, 2012, League Now issued 1,500,000 fully-vested shares of our common stock for professional services performed valued at $105,000.

Stock reserved for issuance

The following table summarizes all shares of common stock reserved for issuance at September 30, 2012:

	Number of Shares
Maximum shares issuable in connection with:
Convertible debt instruments (with 5x reserve multiple)		12,673,139

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Going Concern (Details Narrative) (USD $)	Sep. 30, 2012	Dec. 31, 2011	Dec. 31, 2010
Going Concern [Abstract]
Working capital deficit	$ 701,327
Stockholders' equity deficit	$ 217,959	$ 85,425	$ 150,812

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Recent Accounting Pronouncements

9 Months Ended

Sep. 30, 2012

Recent Accounting Pronouncements [Abstract]

Recent Accounting Pronouncements

NOTE 15 – RECENT ACCOUNTING PRONOUNCEMENTS

We have examined all recent accounting pronouncements and believe that none of them will have a material impact on the financial statements of our company.

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Loan Fees (Tables)

9 Months Ended

Sep. 30, 2012

Loan Fees [Abstract]

Estimated Future Amortization Expense

Expected future amortization expense for deferred loan fees is as follows:

Year ending
December 31,
2012	$	239
2013		954
2014		954
2015		954
2016		846
	$	3,947

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Long-Term Loans (Details Textual) (USD $)

1 Months Ended

0 Months Ended

9 Months Ended

1 Months Ended

12 Months Ended

9 Months Ended

9 Months Ended

Jun. 30, 2011

Mar. 31, 2009

Aug. 24, 2012

Asher Enterprises Inc [Member]

Jul. 11, 2012

Asher Enterprises Inc [Member]

Sep. 30, 2012

Asher Enterprises Inc [Member]

Mar. 31, 2009

Rent Arrears [Member]

Sep. 30, 2012

Rent Arrears [Member]

Dec. 31, 2011

Rent Arrears [Member]

Dec. 31, 2009

Sba Backed Term Loan [Member]

Number

Sep. 30, 2012

Sba Backed Term Loan [Member]

Dec. 31, 2011

Sba Backed Term Loan [Member]

Sep. 30, 2012

Convertible Debenture [Member]

Mar. 31, 2012

Convertible Debenture [Member]

Feb. 28, 2010

Convertible Debenture [Member]

Sep. 30, 2012

Independence Bank [Member]

Dec. 31, 2011

Independence Bank [Member]

Jun. 30, 2010

Independence Bank [Member]

Mar. 31, 2012

Commercial Paper [Member]

Debt Instrument [Line Items]

Conversion of rent arrears into long term debt

$ 116,213

Monthly installment amount

3,066

390

3,000

Interest rate on loan

8.00%

6.00%

Long term debt outstanding

41,399

47,087

33,059

37,939

122,235

149,235

Number of term loans

2

Term loan

25,000

209,905

Number of monthly instalments required to pay loan

42 months

84 months

69 months

Prime interest rate

8.00%

4.75%

Interest rate over prime interest rate

4.75%

1.25%

Renewal of convertible debenture

25,000

Quarterly interest rate

14.00%

Condition for conversion of debentures

The debentures are convertible into a number of common shares equal to one share of common stock for each $25,000 of principal owing on the conversion date.

Convertible debenture forgiven

25,000

Service fees for application development

12,500

Notes payable

1,000

Issued convertible promissory notes

$ 27,500

$ 53,000

Effective rates of notes

8.00%

83.10%

82.80%

Due date for promissory notes

Jul. 30, 2011

May 28, 2013

Apr. 10, 2013

Description of convertible notes

The Notes are convertible into the Company’s common stock commencing one hundred eighty (180) days from the date of issuance at a conversion price equal to 60% of the Market Price of the Company’s common stock on the date of conversion. “Market Price” is defined in the Note as the average of the lowest three (3) trading prices for the Company’s common stock during the ten (10) trading days prior to the conversion date. The Company has the right to prepay the Notes at any time from the date of issuance until the 180^th day the Note was issued at an amount equal to 135% of (i) the then outstanding principal amount of the Note, including accrued and unpaid interest due on the prepayment date.

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Condensed Consolidated Statements of Stockholder's Equity, (Deficiency) (Unaudited) (USD $)	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2010	$ 47,249	$ 74,501	$ (272,562)	$ (150,812)
Balance, shares at Dec. 31, 2010	47,248,851
Net loss			65,387	65,387
Balance at Dec. 31, 2011	47,249	74,501	(207,175)	(85,425)
Balance, Shares at Dec. 31, 2011	47,248,851
Shares retired	(25,803)	25,803
Shares retired, shares	(25,803,288)
Shares issued in connection with the share exchange agreement for the acquisition of Infiniti Systems Holding Group	30,000	(30,000)
Shares issued in connection with the share exchange agreement for the acquisition of Infiniti Systems Holding Group, Shares	30,000,000
Shares issued in exchange for services	500	34,500		35,000
Shares issued in exchange for services, Shares	500,000
Shares issued in exchange for services	1,500	103,500		105,000
Shares issued in exchange for services, Shares	1,500,000
Premium valuation for convertible debts		61,847		61,847
Premium valuation for convertible debts, shares
Net loss			(334,381)	(334,381)
Balance at Sep. 30, 2012	$ 53,446	$ 270,151	$ (541,556)	$ (217,959)
Balance, Shares at Sep. 30, 2012	53,445,563

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Note Receivable

9 Months Ended

Sep. 30, 2012

Receivables [Abstract]

Note Receivable

NOTE 4. NOTE RECEIVABLE

In June, 2011, the Company advanced $10,000 to an unrelated party. The note bears interest at 8% per annum and matured on July 30, 2011. The note is secured by the party’s 40% ownership interest in the stock of Bayview Acquisition Corp. (a public company). The aggregate receivable balance has been classified as a current asset because it is expected to be collected within one year from the Balance Sheet dates. The Company is currently negotiating new terms with the debtor to satisfy the past due balance.

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Long-Term Loans (Tables)

9 Months Ended

Sep. 30, 2012

Debt Disclosure [Abstract]

Principal Payments of Long-Term Debt

Principal payments of long-term debt at September 30, 2012 are scheduled as follows:

Years ending
December 31,
2012	$	28,056
2013		148,665
2014		43,719
2015		44,360
2016		12,989
Thereafter		404
	$	278,193

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Loan Fees (Details Narrative) (USD $)	Sep. 30, 2012	Dec. 31, 2011
Loan Fees [Abstract]
Deferred loan fee	$ 6,677
Accumulated amortization	$ 2,730	$ 2,015

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Commitments

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

Commitments

NOTE 14 – COMMITMENTS

Leases

Infiniti leases its office space in Brecksville on a month-to-month basis at a cost of $6,694 a month.

Total expense related to the operating leases was $20,082 and $59,736 for the three and nine month period ended September 30, 2012, respectively.