10-Q

U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C.
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 March 31, 2012
OR
[  ]	Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Commission File No. 333-169924
			Louisiana Food Company
			(Exact name of registrant as specified in its charter)
	NEVADA				27-3257760
	(State or Other Jurisdiction of incorporation or organization)				(I.R.S. Employer Identification Number)
		17485 Opportunity Drive, Suite E, Baton Rouge, Louisiana 70817
			(Address of principal executive offices, including zip code)
				(877) 732-2143
			(Issuer’s telephone number, including area code)
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 the 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 ]
As of May 3, 2012, there were 31,000,588 shares of the issuer’s common stock outstanding.

1

PART I - FINANCIAL INFORMATION
Item 1.  Financial Statements
INDEX TO FINANCIAL STATEMENTS
	Page
Louisiana Food Company
Balance Sheets as of March 31, 2012 (unaudited), and September 30, 2011	3
Statements of Operations For the Three and Six Months Ended March 31, 2012 and 2011, and the Period from Inception (August 17, 2010) to March 31, 2012	4
Statements of Cash Flows For the Six Months Ended March 31, 2012 and 2011, and the Period from Inception (August 17, 2010) to March 31, 2012	5
Notes to Financial Statements	7

2

					LOUISIANA FOOD COMPANY (A Development Stage Company)
		BALANCE SHEETS
					March 31, 2012, and September 30, 2011
						3/31/12 (unaudited)	9/30/11
ASSETS
Current assets
	Cash and cash equivalents					$91	$500
	Inventory					3,389	3,389
	Deposits					603	603
		Total current assets				4,083	4,492
Equipment, net of accumulated depreciation of $1,045 and $715						1,748	2,078
Intangible assets						10,483	10,483
				Total assets		$16,314	$17,053
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
	Bank overdraft					$4,177	$820
	Accounts payable and accrued expenses					9,000	17,551
	Accrued rent					3,400	2,650
	Accrued interest					4,168	445
	Notes payable - shareholders					14,000	14,000
	Loan payable - director					300	300
	Convertible debt, net					56,221	---
			Total current liabilities			91,266	35,766
Commitments and contingencies						–	–
Stockholders’ deficit
	Preferred stock, $.001 par value: 5,000,000 shares authorized; zero shares issued and outstanding as of March 31, 2012, and September 30, 2011					$ ---	$ ---
	Common stock, $.001 par value: 500,000,000 shares authorized; 29,530,000 and 28,820,000 shares issued and outstanding as of March 31, 2012, and September 30, 2011, respectively					29,530	28,280
	Additional paid-in capital					192,756	93,046
	Deficit accumulated during development stage					(297,238)	(140,039)
		Total stockholders’ deficit				(74,952)	(18,713)
				Total liabilities and stockholders’ deficit		$16,314	$17,053
The accompanying notes are an integral part of these statements.

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				LOUISIANA FOOD COMPANY (A Development Stage Company)
			STATEMENTS OF OPERATIONS
			For the Three and Six Months Ended March 31, 2012 and 2011, and the Period from Inception (August 17, 2010) to March 31, 2012
					Three Months Ended 3/31/12 (unaudited)		Three Months Ended 3/31/11 (unaudited)			Six Months Ended 3/31/12 (unaudited)			Six Months Ended 3/31/11 (unaudited)			Period from Inception (8/17/10) to 3/31/12 (unaudited)
Revenues					$ ---	$8,561			$ ---			$9,142			$9,142
Cost of sales					---	(3,052)			---		(3,532)				(3,532)
Gross profit					---	5,509			---			5,610			5,610
Expenses:
	Compensation				---	---		---				---			14,380
	Consulting				---	3,637			24,855			16,157			46,575
	Legal and professional				4,279	5,000			8,690			8,500			38,278
	Depreciation and amortization				165	166			330			333			1,045
	Corporate expenses				1,854	741			45,934			4,085		82,200
	Rent				2,550	395			5,100			2,120			10,339
	General and administrative				11,571	4,304			25,364		23,498				62,096
		Total operating expenses			20,419	14,243			110,273			54,693			254,913
Other expenses
	Other expense				(561)	---			422			---			986
	Interest expense				28,680	---			46,504			---			46,949
		Total other expenses			28,119	---			46,926			---			47,935
Loss before income taxes					(48,538)	(8,734)			(157,199)			(49,083)			(297,238)
Provision for income taxes					---	---			---			---			---
Net loss					$(48,538)	$(8,734)			$(157,199)			$(49,083)			$(297,238)
Loss per share:
Basic and diluted					$(0.002)	$(0.00)			$(0.005)			$(0.00)
Weighted average number of shares outstanding:
Basic and diluted					29,530,000	27,080,000			29,370,277			25,931,333
The accompanying notes are an integral part of these statements.

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			LOUISIANA FOOD COMPANY (A Development Stage Company)
		STATEMENTS OF CASH FLOWS
		For the Six Months Ended March 31, 2012 and 2011, and the Period from Inception (August 17, 2010) to March 31, 2012
				Six Months Ended 3/31/12 (unaudited)	Six Months Ended 3/31/11 (unaudited)	Period from Inception (8/17/10) to 3/31/12 (unaudited)
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss				$(157,199)	$(49,083)	$(297,238)
	Adjustments to reconcile net loss to cash used for operating activities:
		Depreciation and amortization		330	333	1,045
		Bad debt expense		---	---	8,280
		Non-cash operating expenses		67,491	---	93,267
		(Increase) in accounts receivable		---	(8,561)	(8,280)
		(Increase) in deposits		---	---	(603)
		(Increase) decrease in inventory		---	1,642	(872)
		Increase (decrease) in accounts payable and accrued expenses		(4,078)	2,000	16,568
Net cash used for operating activities				(93,456)	(53,669)	(187,833)
CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of equipment			---	---	(2,793)
Net cash used in investing activities				---	---	(2,793)
CASH FLOWS FROM FINANCING ACTIVITIES
	Overdrafts			3,357	1,116	4,177
	Proceeds from sale of common stock for cash			---	15,600	82,550
	Subscription receivable			---	15,000	---
	Proceeds from notes payable - shareholders			---	---	14,000
	Proceeds from advance - director			---	---	300
	Proceeds from convertible notes payable			89,690	---	89,690
Net cash provided by financing activities				93,047	31,716	190,717
NET CHANGE IN CASH				(409)	(21,953)	91
Cash, beginning of period				500	22,353	---
Cash, end of period				$91	$400	$91
The accompanying notes are an integral part of these statements.

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			LOUISIANA FOOD COMPANY (A Development Stage Company)
		STATEMENTS OF CASH FLOWS
		For the Six Months Ended March 31, 2012 and 2011, and the Period from Inception (August 17, 2010) to March 31, 2012 (cont.)
				Six Months Ended 3/31/12 (unaudited)	Six Months Ended 3/31/11 (unaudited)	Period from Inception (8/17/10) to 3/31/12 (unaudited)
Supplemental disclosure:
	Interest paid			$---	$---	$---
	Income taxes paid			$---	$---	$---
	Stock issued for services			$25,000	$---	$45,000
	Stock issued for inventory and intangible asset			$---	$---	$13,000
	Stock issued for bonus			$---	$---	$2,500
	Warrants issued for services			$---	$---	$3,276
	Beneficial conversion feature of convertible notes payable			$75,960	$---	$75,960
The accompanying notes are an integral part of these statements.

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				LOUISIANA FOOD COMPANY (A Development Stage Company)
	NOTES TO FINANCIAL STATEMENTS
		March 31, 2012 (unaudited)
NOTE 1.  THE COMPANY
Louisiana Food Company (the “Company”) was incorporated in the State of Nevada on August 17, 2010 (“Inception”).  The Company’s focus is on the development and commercial exploitation of food-related business opportunities in the State of Louisiana.  To date, the Company has developed a line of specialty packaged dry products, a line of specialty pasta sauces and a line of specialty coffee products, and sells these specialty food product lines to distributors, retailers and over the Internet.  Because each of the Company’s products is produced locally in Louisiana, the Louisiana Department of Agriculture and Forestry has granted the Company a license to affix the Department’s “Certified” logos on the Company’s products.
In January 2012, one of the Company’s directors contributed assets useful in the operation of an online poker website.  See Note 10. Contribution of Assets; New Business Segment.
Liquidity and Management Plans
At March 31, 2012, the Company had cash and cash equivalents of $91, a working capital deficit of $87,183 and an accumulated deficit during the development stage of $297,238.  The Company lacks sufficient cash with which to operate and will be unable to engage in meaningful operations unless and until it obtains additional cash.  Management has minimized its monthly expenses and suspended discretionary expenditures.  The Company is seeking additional debt and/or equity funds to support operations from private parties.  While management has received oral assurances of further debt financing during the second quarter of calendar 2012, management is unable to predict whether the Company will obtain funds that will permit it to meet even its basic future working capital needs.
Going Concern
The Company has incurred losses totaling $297,238 from its Inception through March 31, 2012, and had a working capital deficit at March 31, 2012.  Because of these conditions, the Company will require additional working capital to continue operations and develop its business. The Company intends to raise additional working capital through private debt and/or equity funding transactions
There are no assurances that the Company will be able to achieve a level of revenues adequate to generate sufficient cash flow from operations or obtain additional financing to support the Company’s working capital requirements. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company.  If adequate working capital is not available, the Company may not continue its operations or execute its business plan.
These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.
NOTE 2.  BASIS OF PRESENTATION
Basis of Presentation
The accompanying unaudited interim financial statements of the Company have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America, pursuant to the Securities and Exchange Commission rules and regulations. In management’s opinion all adjustments necessary for a fair presentation of the results for interim periods have been reflected in the interim financial statements. The results of operations for any interim period are not necessarily indicative of the results for a full year. All adjustments to the financial statements are of a normal recurring nature.
Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. Such disclosures are those that would substantially duplicate information contained in the most recent audited financial statements of the Company, such as significant accounting policies and stock options. Management presumes that users of the interim statements have read or have access to the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2011.
Revenue Recognition
The Company derives its revenue from sales of its food and coffee products.  The Company recognizes revenue in accordance with ASC 605, Revenue Recognition.  Under the authoritative guidance, revenue is recognized when there is persuasive evidence of an arrangement, delivery has occurred and services have been rendered, the sales price is determinable and collectability is reasonable assured.  Sales are recorded net of discounts, rebates and returns.
Accounts Receivable
Accounts receivable are recorded at the invoiced amount, net of an allowance for doubtful accounts.  The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on historical write-off experience, customer specific facts and economic conditions.  Outstanding account balances are reviewed individually for collectability.  Bad debt expense is included in general and administrative expenses.
The Company does not have any off-balance-sheet credit exposure to its customers.
Reclassification Reclassification of certain prior-year amounts has been made to conform to the current year’s classification in the statements of operations.
NOTE 3.  RELATED-PARTY TRANSACTIONS                                                                                                                                       In January 2012, one of the Company’s directors assigned to the Company, as a contribution to capital, certain assets useful in the operation of an online poker website; the Company’s board of directors accepted such assigned assets, which were not assigned any value for financial reporting purposes.  Included in the contributed assets is the website known as TouchPoker.com and the software required to run the online poker operations.  See Note 10. Contribution of Assets; New Business Segment.
During Fiscal 2011, one of the Company’s directors advanced the Company $300 on account.  This amount is reflected on the accompanying balance sheet.  Also during Fiscal 2011, two shareholders loaned the Company a total net amount of $14,000, through the issuance of promissory notes now due and payable, bearing interest at 8% per annum until paid.  These $14,000 in loans payable to shareholders is reflected on the accompanying balance sheet.
The Company was formed pursuant to a pre-incorporation agreement.  The Company’s President was a party to this agreement and was, upon formation of the Company and in accordance with the pre-incorporation agreement, issued 13,000,000 shares of Company common stock and 2,000,000 warrants to purchase a like number of shares at an exercise price of $.10 per share.  The Company received items of personal and intellectual property in exchange for its shares of common stock.  The Company’s Board of Directors determined that the aggregate value of the items of property was $13,000, of which $2,517 has been recorded as inventory and $10,483 has been recorded as an intangible asset.  The value of the warrants of $1,638 has been included in compensation expense, during the period from Inception to March 31, 2012.
The Company’s legal counsel was also a party to the pre-incorporation agreement and is considered a promoter of the Company.  Upon formation of the Company and in accordance with the pre-incorporation agreement, the Company’s legal counsel was issued 5,000,000 shares of Company common stock and 2,000,000 warrants to purchase a like number of shares at an exercise price of $.10 per share, in payment of $10,000 in legal services.  The value of the warrants of $1,638 has been included in professional fees, during the period from Inception to December 31, 2010.
NOTE 4.  DEPOSITS
At March 31, 2012, and September 30, 2011, deposits, comprised entirely of a utility security deposit, were $603.
NOTE 5.  INTANGIBLE ASSETS
The Company’s intangible assets include trademarks, brand names and recipes of its food and coffee products acquired in exchange for the issuance of common stock.  The Company’s intangible assets are not amortized because they have indefinite lives.
NOTE 6.  CAPITAL STOCK
Amendment of Articles of Incorporation
Effective November 17, 2011, the Company filed an amendment to its articles of incorporation.  Pursuant to this amendment, the Company increased the authorized number of shares of its common stock from 50,000,000 to 500,000,000.
Common Stock Issued for Property
During the six months ended March 31, 2012 and 2011, the Company did not issue shares of its common stock for property.  During the period from Inception through September 30, 2010, the Company issued 13,000,000 shares of its common stock for items of personal and intangible property.  Specifically, the Company received goods and recipes useful in its specialty food business.  The Company’s Board of Directors determined that the aggregate value of the items of property was $13,000, of which $2,517 was determined to be inventory and $10,483 was determined to be recipes and brand names.
Common Stock Issued for Services
During the six months ended March 31, 2012, the Company issued a total of 1,250,000 shares of its common stock to third-party consultants for services.  These shares were valued at $25,000, in the aggregate.
During the six months ended March 31, 2011, the Company did not issue shares of its common stock for services.
During the period from Inception through September 30, 2010, the Company issued a total of 7,000,000 shares of its common stock for services to third-party consultants for services, resulting in $20,000 in non-cash compensation expense included in professional and legal expenses and consulting fees in the accompanying statement of operations.  The value of the transactions was determined based on value of shares of common stock issued as determined by the board of directors.  As there are no performance commitments or penalties for non-performance, the Company recorded the expense at the date of issuance.
Common Stock Issued for Cash
During the six months ended March 31, 2012, the Company did not issue shares of its common stock for cash.
During the six months ended March 31, 2011, the Company completed a private offering of its common stock.  In this private offering, the Company sold 180,000 shares of its common stock for cash in the aggregate amount of $3,600, or $.02 per share.  Also, the Company issued 1,200,000 shares of its common stock for cash in the total amount of $12,000.
During the period from Inception through September 30, 2010, the Company issued a total of 5,200,000 shares of its common stock for cash in the total amount of $52,000.
NOTE 7.  WARRANTS TO PURCHASE COMMON STOCK
Outstanding Stock Warrants
During the six months ended March 31, 2012, the Company did not issue warrants to purchase shares of its common stock.
In July 2011, the Company issued 120,000 stock warrants to a purchaser of common stock.  The warrants allow the warrant holder to purchase 120,000 shares of common stock at a price of $0.10 per share.  The two-year warrants expire in July 2013.
In December 2010, the Company issued 240,000 stock warrants to a purchaser of common stock.  The warrants allow the warrant holder to purchase 240,000 shares of common stock at a price of $0.10 per share.  The two-year warrants expire in December 2012.
In August and September 2010, the Company issued warrants to two related-parties.  The Company’s President was issued 2,000,000 warrants for services rendered in establishing the Company.  The Company’s legal counsel was issued 2,000,000 warrants for professional services rendered for organizing the Company.  Additionally, 1,100,000 warrants were issued to purchasers of common shares during the period from Inception (August 17, 2010) through September 30, 2010.  The warrants allow the warrant holders to purchase, in aggregate, 5,100,000 shares of common stock at a price of $0.10 per share.  The two-year warrants expire during August 2012 and September 2012.  All warrants are fully vested and exercisable at December 31, 2010.
A summary of the status and changes of the warrants issued during the period from September 30, 2011, through March 31, 2012, is as follows:
					Shares	Weighted Average Exercise Price
			Outstanding at beginning of period		5,460,000	$0.10
			Issued		-0-	-0-
			Exercised		-0-	-0-
			Forfeited		-0-	-0-
			Expired		-0-	-0-
			Outstanding at end of period		5,460,000	$0.10
			Exercisable at end of period		5,460,000	$0.10

A summary of the status of the warrants outstanding at March 31, 2012, is presented below:
	Warrants Outstanding						Warrants Exercisable
Exercise Price		Number Outstanding		Weighted Average Remaining Contractual Life	Weighted Average Exercise Price			Number Exercisable		Weighted Average Exercise Price
$0.10		5,460,000		.75 years	$0.10			5,460,000	$0.10
At March 31, 2012, vested warrants of 5,340,000 had an aggregate intrinsic value of $-0-.
The fair value of each of the Company’s stock warrants is estimated on the date of grant using a Black-Scholes option-pricing model that uses the assumptions noted in the table below.  Expected volatility is based on an average of historical volatility of the Company’s common stock.  The risk-free interest rate for periods within the contractual life of the stock warrant award is based on the yield curve of a zero-coupon U.S. Treasury bond on the date the award is granted with a maturity equal to the expected term of the award.  The Company uses historical data to estimate forfeitures within its valuation model.
The significant weighted average assumptions relating to the valuation of the Company’s options for the period ended March 31, 2012, were as follows:
			Grant price			$0.01
			Strike price			$0.10
			Dividend yield			0%
			Expected life			2 years
			Expected volatility			100%
			Risk-free interest rate (2 YR U.S. Treasury)			0.37% to 0.58%
NOTE 8.  CONVERTIBLE NOTES PAYABLE
In February 2012, the Company borrowed $14,690 from a third party, through the issuance of a convertible promissory note, payable in June 2012, bearing interest at 8% per annum, and convertible into a number of shares based on the market price of the Company’s common stock.  On the date of issuance, this promissory note was convertible into an aggregate of approximately 3,000,000 shares of Company common stock.  The proceeds of this loan will be used to pay current and future professional fees.
In November 2011, the Company borrowed $32,500 from a third party, through the issuance of a convertible promissory note, payable in August 2012, bearing interest at 8% per annum, and convertible into a number of shares based on the market price of the Company’s common stock.  On the date of issuance, this promissory note was convertible into an aggregate of approximately 2,200,000 shares of Company common stock.
In October 2011, the Company borrowed $42,500 from a third party, through the issuance of a convertible promissory note, payable in June 2012, bearing interest at 8% per annum, and convertible into a number of shares based on the market price of the Company’s common stock.  On the date of issuance, this promissory note was convertible into an aggregate of approximately 10,000,000 shares of Company common stock.
The Company recorded the convertible notes payable and accrued interest net of discount for the value of the beneficial conversion feature totaling $75,960. This discount related to the beneficial conversion feature is amortized as additional interest expense in the accompanying statements of operations and the amortization totaled $42,491 for the six months ended March 31, 2012. The outstanding balance on the convertible notes payable was $89,690, less a discount of $33,469 at March 31, 2012.
NOTE 9.  COMMITMENTS AND CONTINGENCIES
Operating Leases
The Company’s corporate office is located in Baton Rouge, Louisiana, under a lease that expires January 2013, and requires monthly rental payments of $850 per month.  The Company had rental expense under operating leases of $5,100 during the six months ended March 31, 2012.

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NOTE 10.  CONTRIBUTION OF ASSETS; NEW BUSINESS SEGMENT

In December 2011, the U.S. Department of Justice (“Justice”) issued an opinion that sparked renewed hope for, and interest in, the development of online, intrastate poker in the United States.  In fact, prior to Justice’s opinion, the State of Nevada had passed legislation that would allow for companies to offer online poker and the new ruling may allow that state to proceed with an intrastate online poker offering for its citizens.  Also, earlier in 2011, the Nevada Gaming Control Board announced that certain companies had applied for licenses, but that the Board was holding off until the federal government announced a stance.  With the change in Justice’s opinion, that Nevada regulatory body may be able to move forward with offering online intrastate poker to Nevada residents.

In response to this circumstance, in January 2012, one of the Company’s directors assigned to the Company, as a contribution to capital, certain assets useful in the operation of an online poker website; the Company’s board of directors accepted such assigned assets, which were not assigned any value for financial reporting purposes.

Included in the contributed assets is the website known as TouchPoker.com and the software required to run the online poker operations.  Until such time as the Company obtains the necessary licensing, the TouchPoker.com website will feature free Texas Hold ‘em virtual tables and, currently, is a for-entertainment-only site, legal for all users, including those in the United States.

It is the Company’s intention to seek a license for intrastate online poker in one or more jurisdictions.

NOTE 11.  SUBSEQUENT EVENT

Partial Conversion of Convertible Promissory Note

In October 2011, the Company borrowed $42,500 from a third party through the issuance of a convertible promissory note, convertible into a number of shares based on the market price of the Company’s common stock. In April 2012, $2,500 of the principal amount of such convertible note was converted into 1,470,588 shares of the Company’s common stock.

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Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.

Critical Accounting Policies

While we believe that the factors considered provide a meaningful basis for the accounting policies applied in the preparation of the condensed consolidated financial statements, we cannot guarantee that our estimates and assumptions will be accurate. If such estimates and assumptions prove to be inaccurate, we may be required to make adjustments to these estimates in future periods.

Litigation and Tax Assessments. Should we become involved in lawsuits, we intend to assess the likelihood of any adverse judgments or outcomes of any of these matters as well as the potential range of probable losses. A determination of the amount of accrual required, if any, for these contingencies will be made after careful analysis of each matter. The required accrual may change from time to time, due to new developments in any matter or changes in approach (such as a change in settlement strategy) in dealing with these matters.

Additionally, in the future, we may become engaged in various tax audits by federal and state governmental authorities incidental to our business activities. We anticipate that we will record reserves for any estimated probable losses for any such proceeding.

Stock-Based Compensation. We account for stock-based compensation based on the provisions of Accounting Standard Codification (“ASC”) 718 Share Based Payments. ASC 718 requires companies to apply a fair-value-based measurement method in accounting for share-based payment transactions with employees and to record compensation cost for all stock awards granted after the required effective date and for awards modified, repurchased or cancelled after that date. The scope of ASC 718 encompasses a wide range of share-based compensation arrangements, including share options, restricted share plans, performance-based awards, share appreciation rights and employee share purchase plans.

Recent Accounting Pronouncements. There were no recent accounting pronouncements that our company has not implemented that materially affect our financial statements.

Cautionary Statement

The following discussion and analysis should be read in conjunction with the balance sheet as of March 31, 2012, and the financial statements for the six months ended March 31, 2012, included elsewhere herein. The results shown herein are not necessarily indicative of the results to be expected for any future periods.

This discussion contains forward-looking statements. These forward-looking statements are based on our management’s current expectations with respect to future events, financial performance and operating results, which statements are subject to risks and uncertainties, including, but not limited to, those discussed below and elsewhere herein. The risks and uncertainties discussed herein could cause our actual results to differ from the results contemplated by these forward-looking statements.

General

We are a development-stage company incorporated in the State of Nevada on August 17, 2010. We are in the business of developing and exploiting food-related business opportunities in the State of Louisiana. To date, we have developed a line of specialty packaged dry food products, a line of specialty sauces and a line of specialty coffee products. We will sell these specialty food product lines to distributors, directly to retailers and directly to consumers over the Internet.

In January 2012, one of our directors assigned to our company, as a contribution to capital, certain assets useful in the operation of an online poker website, as a means of enhancing shareholder value. See “Recent Event” below.

Overview

While we are a business in the early-stage of development, we have begun to derive revenues from our operations, through sales to retail grocery stores and through our online store. Our current focus is on (1) sales to established food distributors, (2) direct sales to retail grocery stores, (3) developing our Charter Independent Distributor Program and (4) sales through our web site, www.louisianafoodcompany.com.

In order to accelerate the growth of our business, we will need to obtain additional capital. We intend to apply additional capital, as and if obtained, to the pursuit of national retail accounts, the expansion of our Charter Independent Distributor Program, the and to the expansion of sales through our web site, primarily through Internet advertising strategies.

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Our management believes there to be a multitude of small, locally-owned food businesses throughout Louisiana, the products of which are worthy of national distribution. Our management further believes that we have the opportunity to bring to these locally produced and sold Louisiana-centric specialty food products to the national market, by way of distribution agreements, private label arrangements or acquisition.

As part of our business strategy, after we have better established the sales and distribution channels of our current lines of specialty food products, we intend to consider acquisitions of existing food-related businesses, as such acquisition opportunities become available to us. There is no current arrangement or understanding between our company and any other company or person with regard to a merger or acquisition transaction.

Recent Event

In December 2011, the U.S. Department of Justice (“Justice”) issued an opinion that sparked renewed hope for, and interest in, the development of online, intrastate poker in the United States. In fact, prior to Justice’s opinion, the State of Nevada had passed legislation that would allow for companies to offer online poker and the new ruling may allow that state to proceed with an intrastate online poker offering for its citizens. Also, earlier in 2011, the Nevada Gaming Control Board announced that some companies had applied for licenses, but that the Board was holding off until the federal government announced a stance. With the change in Justice’s opinion, that Nevada regulatory body may be able to move forward with offering online intrastate poker to Nevada residents.

In response to this circumstance, in January 2012, one of our directors assigned to our company, as a contribution to capital, certain assets useful in the operation of an online poker website; our board of directors accepted such assigned assets, which were not assigned any value for financial reporting purposes.

Included in the contributed assets is the website known as TouchPoker.com and the software required to run the online poker operations. Until such time as we obtain the necessary licensing, the TouchPoker.com website will feature free Texas Hold ’em virtual tables and, currently, is a for-entertainment-only site, legal for all users, including those in the United States.

As a Nevada corporation, it is our intention to seek a license for intrastate online poker in one or more jurisdictions. However, we can make no assurances that we will be successful in our efforts in this regard.

Our director initiated this action as a way of enhancing shareholder value, while we continue our efforts in developing our specialty food business.

At such time as we begin to expend capital on this future business segment, we will begin to disclose this new online business as a separate segment.

Principal Factors Affecting Our Financial Performance

Our operating results are primarily affected by the following factors:

• our level of available capital, which has been significantly impaired during the past several months;

• our ability to maintain, on commercially reasonable terms, the supply of our packaged dry products and our coffee products;

• our ability to expand the channels of distribution for our specialty food products;

• our ability to attract new and repeat customers to our online store; and

• our ability to contain our costs of goods sold and maintain our law overheard.

Based on our current business plan, we expect to incur operating losses for all of Fiscal 2012. However, because our specialty food products are new, we cannot predict the levels of our future sales.

To date, we have sold our specialty food products to only a small number of customers. We do not have a formal relationship with any of our customers and they may, in their sole discretion and without penalty, cease purchasing our specialty food products. Our only other channel of distribution is through our website, which has generated only a small level of sales revenues.

We have a single source for our packaged dry products and a single source for our coffee products. Each of these suppliers is located within 60 miles of our production, packaging and distribution location in Baton Rouge, Louisiana. We have not entered into any formal supply agreements with these suppliers. We are required to pay in full for inventory purchased from these suppliers, upon our receipt of their shipments. If the prices charged by these suppliers increase and we are not able to pass on the increased prices to our customers, then our margins would be reduced, which would, in turn, adversely affect our future profitability.

10

Results of Operations

Six Months Ended March 31, 2012 (“Current Period”) versus Six Months Ended March 31, 2011 (“Prior Period”). Due to our lack of capital, during the Current Period, we generated no revenues from sales of our specialty food products; revenues of $9,142 were generated during the Prior Period. However, $8,280 of this amount was written off as a bad debt expense in a subsequent period. We expect that our revenues will increase during the remainder of Fiscal 2012, assuming we obtain a small level of additional capital. However, due to our current lack of available capital with which to market our products, we cannot predict the exact levels of sales of specialty food products.

For the Current Period, we incurred a net loss of $157,199 compared to a net loss of $49,083 for the Prior Period. Our operations for the Current Period were negatively impacted by a lack of capital with which to market our specialty food products. Our operations for the Prior Period reflect the fact that we were in the process of preparing to begin the marketing of our specialty food products.

During the Current Period we issued a total of 1,250,000 shares of our common stock to third-party consultants. These shares were valued at $25,000 in the aggregate. We did not issue shares of our common stock in payment of services during the Prior Period. It is possible that, if we lack the cash needed to obtain necessary services in the future, we would issue additional shares of common stock in payment thereof. By issuing common stock in payment of these necessary services, we would be able to better preserve our then-available cash.

Plan of Operations

Our Plan of Operations for our specialty food products, which is detailed in the following paragraphs, generally involves the development of distribution channels for our specialty food products, as well as our locating food-related business opportunities in the State of Louisiana.

We have developed the following specialty food products:

Packaged Dry Products: Our Jammin’ Jambalaya, Acadiana Dirty Rice, Bayou Moon Jamasta, Breaux Bridge Etouffee, Fais do-do Gumbo and Bon Temps Lou’siana Fry are currently available to purchasers. We expect that our Red Stick Red Beans, Elysian Fields Black-Eyed Peas and Pirogue Rice will be available during the second quarter of 2012.

Sauce Products: We expect that our The Quarter’s Pasta Sauce and The Quarter’s Creole Sauce will be available to purchasers during the second quarter of 2012.

Coffee Products: Our Voodoo Roast Dark, Voodoo Roast Medium, Voodoo Roast Dark (Decaf) and Voodoo Roast Chicory Blend products are currently available to purchasers.

A portion of funds that we obtain in the future will be applied to the expansion of our distribution channels. Specifically, we intend to expend funds in advertising for participants in our Charter Independent Distributor Program. Our advertising will be done in local newspapers around the United States and over the Internet via one or more of the existing Internet advertising systems, such as Google AdSense®. Additionally, we intend to use Internet advertising to entice retail consumers to purchase our specialty food products directly from our online store that is a part of our web site, www.louisianafoodcompany.com.

As we increase our sales, we will apply available funds to the expansion of our food manufacturing capabilities. We intend to produce our wet products at a certified commercial kitchen facility housed within our corporate headquarters premises and we expect that this kitchen will be adequate for at least the next year.

Our management believes there to be a multitude of small, locally-owned food businesses throughout Louisiana, the products of which are worthy of national distribution. Our management further believes that we have the opportunity to bring to these locally produced and sold Louisiana-centric specialty food products to the national market, by way of distribution agreements, private label arrangements or acquisition.

With respect to our recently formed online gaming business, we do not expect to, nor do we believe it necessary to, devote significant funds to its development, during the time we are pursuing a license. There can be no prediction made with respect to whether or when we will be able to obtain the licensing needed to operate an intrastate online poker website.

While our level of future funding will determine the potential rate of growth for our business, our Plan of Operations will be the same. Without additional funding, we will expand our operations only to the extent that our operations generate adequate funds. There is, of course, no assurance that our operations will be successful, in this regard. With additional funding, we believe that we will be able to increase sales of our products through our aggressive advertising strategy. As with any start-up company that offers unproven products, there is no assurance that our company will be successful with any level of additional funding.

11

Liquidity

As at March 31, 2012.

Working Capital. At March 31, 2012, we had a working capital deficit of $87,183 and a cash balance of $91. Since our inception, we have raised a total of $82,550 from private sales of our common stock and obtained a total of $103,990 in loans from shareholders and third parties. Our cash position will not improve unless and until we obtain additional capital, of which there is no assurance. Currently, we are seeking additional funding from private sources.

Cash Flows. For the six months ended March 31, 2012, we used $93,456 in our operating activities. Our investing activities used $-0- in cash. Our financing activities provided $93,047 in cash, which we received from loans from shareholders and third parties.

Contractual Obligations

To date, we have not entered into any significant long-term obligations that require us to make monthly cash payments, except the lease agreement for our corporate headquarters and commercial kitchen facility, which expires in January 2013. Our monthly obligation under this lease is $850.

Critical Accounting Policies

Our critical accounting policies, including the assumptions and judgments underlying them, are disclosed in the notes to our financial statements included herein. We have consistently applied these policies in all material respects. We do not believe that our operations to date have involved uncertainty of accounting treatment, subjective judgment or estimates, to any significant degree.

Uncertainties and Trends

Our operations and revenues are dependent, now and in the future, upon the following factors:

• whether we successfully commercialize our new specialty food products;

• whether we compete effectively in the severely competitive food industry;

• whether the continuing economic recession in the United States will adversely affect our ability to attract customers to our specialty food products; and

• our ability to obtain a gaming license for our online poker business segment.

There is no assurance that our company will be able to accomplish our objectives. Our failure to do so would likely cause purchasers of our common stock to lose their entire investments in our company.

Inflation

Inflation can be expected to have an impact on our operating costs. A prolonged period of inflation could cause interest rates, wages and other costs to increase which would adversely affect our results of operations. In the current economic and political climate, no predictions can be made with respect to the future effects of inflation on or business.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that would have any current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Capital Expenditures

During the six months ended March 31, 2012, we made minimal capital expenditures. We cannot predict whether we will be successful in obtaining additional capital with which to make capital expenditures.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

12

Item 4T.Controls and Procedures.

Our Chief Executive Officer and our Acting Chief Financial Officer, after evaluating the effectiveness of our disclosure controls and procedures, as defined in Rule 13a-15(e) of the Securities Exchange Act of 1934, have concluded that, as of the end of the fiscal quarter covered by this report on Form 10-Q, our disclosure controls and procedures were not effective to provide reasonable assurances that information required to be disclosed in the reports filed or submitted 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 such information is accumulated and communicated to management, including the Chief Executive Officer and the Acting Chief Financial Officer, as appropriate, to allow timely decisions regarding disclosures.

There was no change in our internal control over financial reporting during the quarter ended March 31, 2012, that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II - OTHER INFORMATION

Item 1.Legal Proceedings.

None.

Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.

During the three months ended March 31, 2012, we did not issue unregistered securities that have not been reported previously.

Item 3.Defaults upon Senior Securities.

None.

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

On November 16, 2011, holders of a majority of our outstanding shares took action by written consent in lieu of a meeting, whereby such persons approved an increase in the authorized number of shares of our common stock from 50,000,000 to 500,000,000.

Item 5.Other Information.

None.

Item 6.Exhibits.

Exhibit No.	Description
31.1 *	Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2 *	Certification of Principal Financial and Accounting Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1 *	Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2 *	Certification of Principal Financial and Accounting Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
* filed herewith.

13

SIGNATURES
In accordance with the requirements of the Securities Exchange Act of 1934, Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Date: May 11, 2012.	LOUISIANA FOOD COMPANY
	By:	/s/ WADDELL D. LOFLIN
			Waddell D. Loflin, Vice President and Acting Chief Financial Officer
	By:	/s/ DAVID LOFLIN
			David Loflin, President

14

EX-31

			EXHIBIT 31.1
Certification of Controls and Procedures
I, David Loflin, certify that:
1.	I have reviewed this Quarterly Report on Form 10-Q of Louisiana Food Company;
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 the registrant's board of directors (or persons performing the equivalent functions):
a)		All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)		Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: May 11, 2012.				LOUISIANA FOOD COMPANY
By:					/s/ DAVID LOFLIN
						David Loflin, President (Principal Executive Officer)

EX-31

			EXHIBIT 31.2
Certification of Controls and Procedures
I, Waddell D. Loflin, certify that:
1.	I have reviewed this Quarterly Report on Form 10-Q of Louisiana Food Company;
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 the registrant's board of directors (or persons performing the equivalent functions):
a)		All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and
b)		Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.
Date: May 11, 2012.				LOUISIANA FOOD COMPANY
By:					/s/ Waddell D. Loflin
						Waddell D. Loflin, Vice President and Acting Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer

EX-32

			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
Solely for purposes of complying with 18 U.S.C. 1350, as adopted pursuant to pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, the undersigned, President and Principal Executive Officer of Louisiana Food Company (the “Company”), hereby certify that:
(1)	The Quarterly Report on Form 10-Q, for the quarter ended March 31, 2012 (the “Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Date: May 11, 2012.				LOUISIANA FOOD COMPANY
By:					/s/ DAVID LOFLIN
						David Loflin, President (Principal Executive Officer)

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

EX-32

			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
Solely for purposes of complying with 18 U.S.C. 1350, as adopted pursuant to pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, I, the undersigned, Vice President, Acting Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer of Louisiana Food Company (the “Company”), hereby certify that:
(1)	The Quarterly Report on Form 10-Q, for the quarter ended March 31, 2012 (the “Report”), fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
Date: May 11, 2012.				LOUISIANA FOOD COMPANY
By:					/s/ WADDELL D. LOFLIN
						Waddell D. Loflin, Vice President, Acting Chief Financial Officer, Principal Financial Officer and Principal Accounting Officer

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

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DEPOSITS

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

DEPOSITS

NOTE 4.  DEPOSITS

At March 31, 2012, and September 30, 2011, deposits, comprised entirely of a utility security deposit, were $603.

XML

RELATED-PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

RELATED-PARTY TRANSACTIONS

NOTE 3.  RELATED-PARTY TRANSACTIONS

In January 2012, one of the Company’s directors assigned to the Company, as a contribution to capital, certain assets useful in the operation of an online poker website; the Company’s board of directors accepted such assigned assets, which were not assigned any value for financial reporting purposes.  Included in the contributed assets is the website known as TouchPoker.com and the software required to run the online poker operations.  See Note 10. Contribution of Assets; New Business Segment.

During Fiscal 2011, one of the Company’s directors advanced the Company $300 on account.  This amount is reflected on the accompanying balance sheet.  Also during Fiscal 2011, two shareholders loaned the Company a total net amount of $14,000, through the issuance of promissory notes now due and payable, bearing interest at 8% per annum until paid.  These $14,000 in loans payable to shareholders is reflected on the accompanying balance sheet.

The Company was formed pursuant to a pre-incorporation agreement.  The Company’s President was a party to this agreement and was, upon formation of the Company and in accordance with the pre-incorporation agreement, issued 13,000,000 shares of Company common stock and 2,000,000 warrants to purchase a like number of shares at an exercise price of $.10 per share.  The Company received items of personal and intellectual property in exchange for its shares of common stock.  The Company’s Board of Directors determined that the aggregate value of the items of property was $13,000, of which $2,517 has been recorded as inventory and $10,483 has been recorded as an intangible asset.  The value of the warrants of $1,638 has been included in compensation expense, during the period from Inception to March 31, 2012.

The Company’s legal counsel was also a party to the pre-incorporation agreement and is considered a promoter of the Company.  Upon formation of the Company and in accordance with the pre-incorporation agreement, the Company’s legal counsel was issued 5,000,000 shares of Company common stock and 2,000,000 warrants to purchase a like number of shares at an exercise price of $.10 per share, in payment of $10,000 in legal services.  The value of the warrants of $1,638 has been included in professional fees, during the period from Inception to December 31, 2010.

XML

Balance Sheets (USD $)	Mar. 31, 2012	Sep. 30, 2011
Current assets
Cash and cash equivalents	$ 91	$ 500
Inventory	3,389	3,389
Deposits	603	603
Total current assets	4,083	4,492
Equipment, net of accumulated depreciation of $1,045 and $715	1,748	2,078
Intangible assets	10,483	10,483
Total assets	16,314	17,053
Current liabilities
Bank overdraft	4,177	820
Accounts payable and accrued expenses	9,000	17,551
Accrued rent	3,400	2,650
Accrued interest	4,168	445
Notes payable - shareholders	14,000	14,000
Loan payable - director	300	300
Convertible debt, net	56,221
Total current liabilities	91,266	35,766
Commitments and contingencies
Stockholders’ deficit
Preferred stock, $.001 par value: 5,000,000 shares authorized; zero shares issued and outstanding as of March 31, 2012 and September 30, 2011
Common stock, $.001 par value: 500,000,000 shares authorized; 29,530,000 and 28,820,000 shares issued and outstanding as of March 31, 2012, and September 30, 2011, respectively	29,530	28,280
Additional paid-in capital	192,756	93,046
Deficit accumulated during development stage	(297,238)	(140,039)
Total stockholders’ deficit	(74,952)	(18,713)
Total liabilities and stockholders’ deficit	$ 16,314	$ 17,053

XML

THE COMPANY

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

THE COMPANY

NOTE 1.  THE COMPANY

Louisiana Food Company (the “Company”) was incorporated in the State of Nevada on August 17, 2010 (“Inception”).  The Company’s focus is on the development and commercial exploitation of food-related business opportunities in the State of Louisiana.  To date, the Company has developed a line of specialty packaged dry products, a line of specialty pasta sauces and a line of specialty coffee products, and sells these specialty food product lines to distributors, retailers and over the Internet.  Because each of the Company’s products is produced locally in Louisiana, the Louisiana Department of Agriculture and Forestry has granted the Company a license to affix the Department’s “Certified” logos on the Company’s products.

In January 2012, one of the Company’s directors contributed assets useful in the operation of an online poker website.  See Note 10. Contribution of Assets; New Business Segment.

Liquidity and Management Plans

At March 31, 2012, the Company had cash and cash equivalents of $91, a working capital deficit of $87,183 and an accumulated deficit during the development stage of $297,238.  The Company lacks sufficient cash with which to operate and will be unable to engage in meaningful operations unless and until it obtains additional cash.  Management has minimized its monthly expenses and suspended discretionary expenditures.  The Company is seeking additional debt and/or equity funds to support operations from private parties.  While management has received oral assurances of further debt financing during the second quarter of calendar 2012, management is unable to predict whether the Company will obtain funds that will permit it to meet even its basic future working capital needs.

Going Concern

The Company has incurred losses totaling $297,238 from its Inception through March 31, 2012, and had a working capital deficit at March 31, 2012.  Because of these conditions, the Company will require additional working capital to continue operations and develop its business. The Company intends to raise additional working capital through private debt and/or equity funding transactions

There are no assurances that the Company will be able to achieve a level of revenues adequate to generate sufficient cash flow from operations or obtain additional financing to support the Company’s working capital requirements. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to the Company.  If adequate working capital is not available, the Company may not continue its operations or execute its business plan.

These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

XML

BASIS OF PRESENTATION

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

BASIS OF PRESENTATION

NOTE 2.  BASIS OF PRESENTATION

Basis of Presentation

The accompanying unaudited interim financial statements of the Company have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America, pursuant to the Securities and Exchange Commission rules and regulations. In management’s opinion all adjustments necessary for a fair presentation of the results for interim periods have been reflected in the interim financial statements. The results of operations for any interim period are not necessarily indicative of the results for a full year. All adjustments to the financial statements are of a normal recurring nature.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted. Such disclosures are those that would substantially duplicate information contained in the most recent audited financial statements of the Company, such as significant accounting policies and stock options. Management presumes that users of the interim statements have read or have access to the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended September 30, 2011.

Revenue Recognition

The Company derives its revenue from sales of its food and coffee products.  The Company recognizes revenue in accordance with ASC 605, Revenue Recognition.  Under the authoritative guidance, revenue is recognized when there is persuasive evidence of an arrangement, delivery has occurred and services have been rendered, the sales price is determinable and collectability is reasonable assured.  Sales are recorded net of discounts, rebates and returns.

Accounts Receivable

Accounts receivable are recorded at the invoiced amount, net of an allowance for doubtful accounts.  The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company determines the allowance based on historical write-off experience, customer specific facts and economic conditions.  Outstanding account balances are reviewed individually for collectability.  Bad debt expense is included in general and administrative expenses.

The Company does not have any off-balance-sheet credit exposure to its customers.

Reclassification Reclassification of certain prior-year amounts has been made to conform to the current year’s classification in the statements of operations.

XML

Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2012	Sep. 30, 2011
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0.00	0.00
Preferred stock, shares outstanding	0.00	0.00
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	29,530,000	28,820,000
Common stock, shares outstanding	28,820,000	28,820,000

XML

Document and Entity Information	3 Months Ended
	Mar. 31, 2012	May 03, 2012
Document And Entity Information
Entity Registrant Name	Louisiana Food Company
Entity Central Index Key	0001500894
Document Type	10-Q
Document Period End Date	Mar. 31, 2012
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	Yes
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		31,000,588
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2012

XML

Statements of Operations (USD $)	3 Months Ended		6 Months Ended		19 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
Income Statement [Abstract]
Revenues		$ 8,561		$ 9,142	$ 9,142
Cost of sales		(3,052)		(3,532)	(3,532)
Gross profit		5,509		5,610	5,610
Expenses
Compensation					14,380
Consulting		3,637	24,855	16,157	46,575
Legal and professional	4,279	5,000	8,690	8,500	38,278
Depreciation and amortization	165	166	330	333	1,045
Corporate expenses	1,854	741	45,934	4,085	82,200
Rent	2,550	395	5,100	2,120	10,339
General and administrative	11,571	4,304	25,364	23,498	62,096
Total operating expenses	20,419	14,243	110,273	54,693	254,913
Other expense
Other expenses	(561)		422		986
Interest expense	28,680		46,504		46,949
Total other expense	28,119		46,926		47,935
Loss before income taxes	(48,538)	(8,734)	(157,199)	(49,083)	(297,238)
Provision for income taxes
Net loss	$ (48,538)	$ (8,734)	$ (157,199)	$ (49,083)	$ (297,238)
Loss per share
Basic and diluted	$ (0.002)	$ 0.00	$ (0.005)	$ 0.00
Weighted average number of shares outstanding:
Basic and diluted	29,530,000	27,080,000	29,370,277	25,931,333

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WARRANTS TO PURCHASE COMMON STOCK

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

WARRANTS TO PURCHASE COMMON STOCK

NOTE 7.  WARRANTS TO PURCHASE COMMON STOCK

Outstanding Stock Warrants During the six months ended March 31, 2012, the Company did not issue warrants to purchase shares of its common stock. In July 2011, the Company issued 120,000 stock warrants to a purchaser of common stock.  The warrants allow the warrant holder to purchase 120,000 shares of common stock at a price of $0.10 per share.  The two-year warrants expire in July 2013. In December 2010, the Company issued 240,000 stock warrants to a purchaser of common stock.  The warrants allow the warrant holder to purchase 240,000 shares of common stock at a price of $0.10 per share.  The two-year warrants expire in December 2012. In August and September 2010, the Company issued warrants to two related-parties.  The Company’s President was issued 2,000,000 warrants for services rendered in establishing the Company.  The Company’s legal counsel was issued 2,000,000 warrants for professional services rendered for organizing the Company.  Additionally, 1,100,000 warrants were issued to purchasers of common shares during the period from Inception (August 17, 2010) through September 30, 2010.  The warrants allow the warrant holders to purchase, in aggregate, 5,100,000 shares of common stock at a price of $0.10 per share.  The two-year warrants expire during August 2012 and September 2012.  All warrants are fully vested and exercisable at December 31, 2010. A summary of the status and changes of the warrants issued during the period from September 30, 2011, through March 31, 2012, is as follows:

		Weighted Average
	Shares	Exercise Price
Outstanding at beginning of period	5,460,000	$    0.10
Issued	0	0
Exercised	0	0
Forfeited	0	0
Expired	0	0
Outstanding at end of period	5,460,000	$    0.10
Exercised at end of period	5,460,000	$    0.10

A summary of the status of the warrants outstanding at March 31, 2012, is presented below:

	Warrants Outstanding			Warrants Exercisable
		Weighted Average	Weighted		Weighted
	Number	Remaining	Average	Number	Average
Exercise Price	Outstanding	Comtractual Life	Exercise Price	Exercisable	Exercise Price
$    0.10	5,460,000	.75 years	$    0.10	5,460,000	$    0.10

At March 31, 2012, vested warrants of 5,340,000 had an aggregate intrinsic value of $-0-. The fair value of each of the Company’s stock warrants is estimated on the date of grant using a Black-Scholes option-pricing model that uses the assumptions noted in the table below.  Expected volatility is based on an average of historical volatility of the Company’s common stock.  The risk-free interest rate for periods within the contractual life of the stock warrant award is based on the yield curve of a zero-coupon U.S. Treasury bond on the date the award is granted with a maturity equal to the expected term of the award.  The Company uses historical data to estimate forfeitures within its valuation model. The significant weighted average assumptions relating to the valuation of the Company’s options for the period ended March 31, 2012, were as follows:

Grant price	$0.01
Strike price	$0.10
Dividend Yield	0%
Expected life	2 years
Expected volitility	100%
Risk-free interest rate (2 YR U.S. Treasury)	0.37% to 0.58%

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CAPITAL STOCK

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

CAPITAL STOCK

NOTE 11.  SUBSEQUENT EVENT

Partial Conversion of Convertible Promissory Note

In October 2011, the Company borrowed $42,500 from a third party through the issuance of a convertible promissory note, convertible into a number of shares based on the market price of the Company’s common stock. In April 2012, $2,500 of the principal amount of such convertible note was converted into 1,470,588 shares of the Company’s common stock.

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CONTRIBUTION OF ASSETS; NEW BUSINESS SEGMENT

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

CONTRIBUTION OF ASSETS; NEW BUSINESS SEGMENT

NOTE 10.  CONTRIBUTION OF ASSETS; NEW BUSINESS SEGMENT

In December 2011, the U.S. Department of Justice (“Justice”) issued an opinion that sparked renewed hope for, and interest in, the development of online, intrastate poker in the United States.  In fact, prior to Justice’s opinion, the State of Nevada had passed legislation that would allow for companies to offer online poker and the new ruling may allow that state to proceed with an intrastate online poker offering for its citizens.  Also, earlier in 2011, the Nevada Gaming Control Board announced that certain companies had applied for licenses, but that the Board was holding off until the federal government announced a stance.  With the change in Justice’s opinion, that Nevada regulatory body may be able to move forward with offering online intrastate poker to Nevada residents.

In response to this circumstance, in January 2012, one of the Company’s directors assigned to the Company, as a contribution to capital, certain assets useful in the operation of an online poker website; the Company’s board of directors accepted such assigned assets, which were not assigned any value for financial reporting purposes.

Included in the contributed assets is the website known as TouchPoker.com and the software required to run the online poker operations.  Until such time as the Company obtains the necessary licensing, the TouchPoker.com website will feature free Texas Hold ‘em virtual tables and, currently, is a for-entertainment-only site, legal for all users, including those in the United States.

It is the Company’s intention to seek a license for intrastate online poker in one or more jurisdictions.

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CONVERTIBLE NOTES PAYABLE

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

CONVERTIBLE NOTES PAYABLE

NOTE 8.  CONVERTIBLE NOTES PAYABLE

In February 2012, the Company borrowed $14,690 from a third party, through the issuance of a convertible promissory note, payable in June 2012, bearing interest at 8% per annum, and convertible into a number of shares based on the market price of the Company’s common stock.  On the date of issuance, this promissory note was convertible into an aggregate of approximately 3,000,000 shares of Company common stock.  The proceeds of this loan will be used to pay current and future professional fees.

In November 2011, the Company borrowed $32,500 from a third party, through the issuance of a convertible promissory note, payable in August 2012, bearing interest at 8% per annum, and convertible into a number of shares based on the market price of the Company’s common stock.  On the date of issuance, this promissory note was convertible into an aggregate of approximately 2,200,000 shares of Company common stock.

In October 2011, the Company borrowed $42,500 from a third party, through the issuance of a convertible promissory note, payable in June 2012, bearing interest at 8% per annum, and convertible into a number of shares based on the market price of the Company’s common stock.  On the date of issuance, this promissory note was convertible into an aggregate of approximately 10,000,000 shares of Company common stock.

The Company recorded the convertible notes payable and accrued interest net of discount for the value of the beneficial conversion feature totaling $75,960. This discount related to the beneficial conversion feature is amortized as additional interest expense in the accompanying statements of operations and the amortization totaled $42,491 for the six months ended March 31, 2012. The outstanding balance on the convertible notes payable was $89,690, less a discount of $33,469 at March 31, 2012.

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COMMITMENTS AND CONTINGENCIES

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

COMMITMENTS AND CONTINGENCIES

NOTE 9.  COMMITMENTS AND CONTINGENCIES

Operating Leases

The Company’s corporate office is located in Baton Rouge, Louisiana, under a lease that expires January 2013, and requires monthly rental payments of $850 per month.  The Company had rental expense under operating leases of $5,100 during the six months ended March 31, 2012.

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SUBSEQUENT EVENT

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

SUBSEQUENT EVENT

NOTE 11.  SUBSEQUENT EVENT

Partial Conversion of Convertible Promissory Note

In October 2011, the Company borrowed $42,500 from a third party through the issuance of a convertible promissory note, convertible into a number of shares based on the market price of the Company’s common stock. In April 2012, $2,500 of the principal amount of such convertible note was converted into 1,470,588 shares of the Company’s common stock.

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Statements of Cash Flows (USD $)	6 Months Ended		19 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (157,199)	$ (49,083)	$ (297,238)
Adjustments to reconcile net loss to cash used for operating activities:
Depreciation and amortization	330	333	1,045
Bad debt expense			8,280
Non-cash operating expenses	67,491		93,267
(Increase) in accounts receivable		333	(8,280)
(Increase) in deposits			(603)
(Increase) decrease in inventory		1,642	(872)
Increase (decrease) in accounts payable and accrued expenses	(4,078)	2,000	16,568
Net cash used for operating activities	(93,456)	(53,669)	(187,833)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of equipment			(2,793)
Net cash used in investing activities			(2,793)
CASH FLOWS FROM FINANCING ACTIVITIES
Overdrafts	3,357	1,116	4,177
Proceeds from sale of common stock for cash		15,600	82,550
Subscription receivable		15,000
Proceeds from notes payable, shareholders			14,000
Proceeds from advance - director			300
Proceeds from convertible notes payable	89,690		89,690
Net cash provided by financing activities	93,047	31,716	190,717
NET CHANGE IN CASH	(409)	(21,953)	91
Cash, beginning of period	500	22,353
Cash, end of period	91	400	91
Supplemental disclosure:
Interest paid
Income taxes paid
Non-cash financing and investing activities
Stock issued for services	25,000		45,000
Stock issued for inventory and intangible asset			13,000
Stock issued for bonus			2,500
Warrants issued for services			3,276
Beneficial conversion feature of convertible notes payable	$ 75,960		$ 75,960

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INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

INTANGIBLE ASSETS

NOTE 5.  INTANGIBLE ASSETS

The Company’s intangible assets include trademarks, brand names and recipes of its food and coffee products acquired in exchange for the issuance of common stock.  The Company’s intangible assets are not amortized because they have indefinite lives.