10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended September 30, 2017

or

☐ 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 333-205271

Zev Ventures, Inc.

(Exact name of registrant as specified in its charter)

Nevada	38-3926700
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

500C Grand St., Apartment 3G, New York NY	10002
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code (631) 418-7044

(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 ☐  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). 

☒  Yes ☐  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.

Large accelerated filer ☐	Accelerated filer☐
Non-accelerated filer ☐  (Do not check if a smaller reporting company)	Smaller reporting company ☒ Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐

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

As of November 14, 2017, the Registrant has 3,420,000 shares of common stock outstanding.

TABLE OF CONTENTS

PART I – FINANCIAL INFORMATION	1
ITEM 1. FINANCIAL STATEMENTS	1
BALANCE SHEETS	F-2
STATEMENTS OF OPERATIONS	F-3
STATEMENTS OF CASH FLOWS	F-5
NOTES TO FINANCIAL STATEMENTS	F-6
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	2
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	4
ITEM 4. CONTROLS AND PROCEDURES	4
PART II – OTHER INFORMATION	5
ITEM 1. LEGAL PROCEEDINGS	5
ITEM 1A. RISK FACTORS	5
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	5
ITEM 3. DEFAULTS UPON SENIOR SECURITIES	5
ITEM 4. MINE SAFETY DISCLOSURES	5
ITEM 5. OTHER INFORMATION	5
ITEM 6. EXHIBITS	6
SIGNATURES	7

i 

PART I – FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ZEV VENTURES, INC

INTERIM FINANCIAL STATEMENTS (unaudited)
for the Nine months ended September 30, 2017

CONTENTS:	PAGE
Report of Independent Registered Public Accounting Firm	F-1
Balance Sheets as of September 30, 2017 (unaudited) and December 31, 2016	F-2
Statements of Operations for the three and nine months ended September 30, 2017 and 2016 (unaudited)	F-3
Statements of Stockholder’s Equity for the three and nine months ended September 30, 2017 (unaudited) and for the year ended December 31, 2016	F-4
Statements of Cash Flows for the nine months ended September 30, 2017 and 2016 (unaudited)	F-5
Notes to Unaudited Interim Financial Statements	F-6 - F-10

1 

REPORT OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of 

Zev Ventures, Inc.

We have reviewed the accompanying balance sheets of Zev Ventures, Inc. as of September 30, 2017, and the related interim statements of operations, changes in stockholders’ equity and cash flows for the three and nine month periods ended September 30, 2017 and 2016. These interim condensed financial statements are the responsibility of the Company’s management.

We conducted our review in accordance with standards established by the American Institute of Certified Public Accountants. A review of interim financial information consists principally of applying analytical procedures and making inquiries of persons responsible for financial and accounting matters. It is substantially less in scope than an audit conducted in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole. Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should be made to the accompanying interim financial information for it to be in conformity with U.S. generally accepted accounting principles.

We have previously audited, in accordance with generally accepted accounting principles (United States), the balance sheet of Zev Ventures, Inc as of December 31, 2016, and the related statements of operations, stockholders‘ equity, and cash flows for the year then ended and in our report dated March 27, 2017, we expressed an unqualified opinion, with an explanatory note on going concern, on those financial statements. In our opinion, the information set forth in the accompanying balance sheet as of December 31, 2016, is fairly stated, in all material respects, in relation to the balance sheet from which it has been derived.

The interim financial statements have been prepared assuming that the Company will continue as a going concern. The Company has a working capital deficit and has not established a source of revenue to cover its operating costs and as such, has incurred an operating losses since its inception. These matters raise substantial doubt about the Company’s ability to continue as a going concern. These 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 may result should the Company be unable to continue as a going concern. See the notes to the financial statements for further information regarding this uncertainty.

/s/ Weinstein & Co. C.P.A. (Isr)

Jerusalem, Israel 

November 20, 2017

F-1

ZEV VENTURES, INC
BALANCE SHEETS

			September 30,			December 31
			2017			2016
			(Unaudited)			(Audited)
		$			$
ASSETS
Current assets:
Cash and cash equivalents			3,908			2,382
Accounts receivable			1,209			1,818
Inventory			1,753			1,460
TOTAL ASSETS			6,870			5,660
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities :
Accounts payable and accrued expenses			2,500			8,000
Loan from related party	3		68,133			52,503
Total liabilities			70,633			60,503
Stockholder’s Deficit	4
Common stock, $0.0001 par value, 75,000,000 shares authorized;			576			300
5,760,000 and 3,000,000 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectivly.			21,724			—
Accumulated deficit			(86,063	)		(55,143	)
Total Stockholder’s Deficit			(63,763	)		(54,843	)
TOTAL LIABILTIES AND STOCKHOLDER’S DEFICIT			6,870			5,660

The interim financial statements set out on pages 3 to 11 have been accepted and approved by:

Zev Turetsky

Director/President

Date : November 20, 2016

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

F-2

ZEV VENTURES, INC
STATEMENTS OF OPERATIONS
(Unaudited)

		Three months ended						Nine months ended
		September 30,						September 30,
		2017		2016				2017		2016
	$			$			$			$
Revenue		1,042			2,094			2,698			3,694
Cost of sales		(1,556	)		(3,211	)		(6,046	)		(7,653	)
		(514	)		(1,117	)		(3,348	)		(3,959	)
Operating expenses :
General and administrative:-
Other costs		120			—			261			28
Professional fees:-
- Auditor’s fees		2,500			2,000			5,500			12,000
- Legal fees		2,700			—			7,200			750
- Filing fees		12,844			689			14,611			2,377
Total operating expenses		18,164			2,689			27,572			15,155
Net profit / (loss)		(18,678	)		(3,806	)		(30,920	)		(19,114	)
Net profit / (loss) per common share - basic and diluted
Net profit / (loss) per share attributable to common stockholders		(0.01	)		(0.00	)		(0.01	)		(0.01	)
Weighted-average number of common shares outstanding		3,000,000			3,000,000			3,000,000			3,000,000

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

F-3

ZEV VENTURES, INC
STATEMENT OF STOCKHOLDER’S DEFICIT
for the year ended December 31, 2015 and the nine months ended September 30, 2016
(unaudited)

													Total
	Common Stock						Additional paid-			Accumulated			Stockholder’s
	Shares			Amount			in Capital			Deficit			Deficit
				$			$			$			$
Balance at January 1, 2016		3,000,000			300			—			(20,563	)		(20,263	)
Loss for the year		—			—			—			(34,580	)		(34,580	)
Balance at December 31, 2016		3,000,000			300			—			(55,143	)		(54,843	)
Common stock issued for cash at $0.05 per share		440,000			44			21,956			—			22,000
Split of common stock 1:4		10,320,000			1,032			(1,032	)		—			—
Cancellation of stocks		(8,000,000	)		(800	)		800			—			—
Loss for the period		—			—			—			(30,920	)		(30,920	)
Balance at September 30, 2016		5,760,000			576			21,724			(86,063	)		(63,763	)

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

F-4

ZEV VENTURES, INC
STATEMENT OF CASH FLOWS
(Unaudited)

		Nine months ended
		September 30,
		2017		2016
	$			$
CASH FLOW FROM OPERATING ACTIVITIES
Net loss		(30,920	)		(19,114	)
Changes in operating assets and liabilities:
Inventory		(293	)		(4,339	)
Accounts receivable		609			—
Accounts payable and accrued liabilities		(5,500	)		526
Net cash used by operating activities		(36,104	)		(22,927	)
CASH FLOW FROM INVESTING ACTIVITIES		—			—
CASH FLOW FROM FINANCING ACTIVITIES
Short term borrowings - related party		15,630			24,200
Proceed from stock issuance		22,000			—
Net cash earned from financing activities		37,630			24,200
Increase / (Decrease) in cash and cash equivalents		1,526			1,273
Cash and cash equivalents at the beginning of the period		2,382			5,174
Cash and cash equivalents at the end of the period		3,908			6,447

The accompanying notes are an integral part of these financial statements

F-5

ZEV VENTURES, INC

NOTES TO THE INTERIM FINANCIAL STATEMENTS

(unaudited)

NOTE 1 – NATURE OF BUSINESS AND BASIS OF PRESENTATION

Zev Ventures Inc. (the “Company”) is a Nevada Corporation, incorporated under the laws of the State of Nevada on December 22, 2014. The Company’s business plan involves purchasing tickets online for popular sport’s events and reselling them through online marketplaces.

Basis of Presentation

The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). These financial statements are presented in US dollars.

Fiscal Year End

The Corporation has adopted a fiscal year end of December 31.

Unaudited Interim Financial Statements

The interim financial statements of the Company as of September 30, 2017, and for the periods then ended are unaudited. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary to present fairly the Company’s financial position as of September 30, 2017, and the results of its operations and its cash flows for the three and nine month period ended September 30, 2017. These results are not necessarily indicative of the results expected for the calendar year ending December 31, 2017. The accompanying financial statements and notes thereto do not reflect all disclosures required under accounting principles generally accepted in the United States. Refer to the Company’s audited financial statements as of December 31, 2016, filed with the SEC, for additional information, including significant accounting policies.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies are set out below, these policies have been consistently applied to the period presented, unless otherwise stated:

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts or revenues and expenses during the reporting period. Actual results could differ from those estimates.

Going concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As at September 30, 2017 the Company has a deficit from operations of $86,063 and has not earned sufficient revenues to cover operating costs and has a working capital deficit of $63,793. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2017.

The ability of the Company to achieve its business plan is dependent upon, among other things, obtaining additional financing to continue operations. In response to these problems, management intends to raise additional funds through public or private placement offerings.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

F-6

ZEV VENTURES, INC

NOTES TO THE INTERIM FINANCIAL STATEMENTS (continued...)

(unaudited)

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued...)

Cash and cash equivalents

Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000.

Inventory

The Company purchases online tickets to sporting events that are held as inventory. Inventories are presented at the lower of cost or net realizable value and are expensed through cost of sales when sold. The company plans to utilize the specific identification method of accounting for inventory since each ticket is identifiable by a unique ticket number and is easy to track from purchase up to sale As at September 30, 2017 the Company has $1,753 in inventories

Property, plant and equipment

The Company does not own any property, plant and equipment.

Accounts payable and accrued liabilities

Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.

Revenue Recognition

The Company recognizes revenue when all of the following have occurred: persuasive evidence of an agreement with the customer exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable and collectability of the selling price is reasonably assured.

The Company recognizes revenue when the online sale has been processed as delivery has occurred, the selling price has been determined and proceeds have been collected.

Cost of Sales

Cost of sales consists of the cost of merchandise sold to customers.

Income Taxes

Income taxes are accounted for in accordance with ASC Topic 740, “Income Taxes.” Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Earnings per Share

The Company computes net loss per share in accordance with ASC 260, “Earnings per Share” ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, which comprise options granted to employees. As at September 30, 2017, the Company had no potentially dilutive shares.

F-7

ZEV VENTURES, INC

NOTES TO THE INTERIM FINANCIAL STATEMENTS (continued...)

(unaudited)

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)

Fair Value of Financial Instruments

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1: Quoted prices in active markets for identical instruments;

Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments);

Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments).

F-8

ZEV VENTURES, INC

NOTES TO THE INTERIM FINANCIAL STATEMENTS (continued…)

(unaudited)

	September 30,		December 31,
NOTE 3 – LOAN FROM RELATED PARTY	2017		2016
	(Unaudited)
	$		$
Loan from related party		68,133		52,503

The above loan is unsecured, bears no interest and has no set terms of repayment. This loan is repayable on demand.

NOTE 4 – STOCKHOLDER’S DEFICIT

Common Stock

On December 22, 2014, the Company issued 3,000,000 shares of common stock to the director of the Company at a price of $0.0001 per share, for $300 cash.

During June 2017, the company issued 420,000 shares of common stock to shareholders at a price of $0.05 per share, for $21,000 cash.

During July 2017, the company issued 20,000 shares of common stock to shareholders at a price of $0.05 per share, for $1,000 cash.

At July 26, 2017 the company made a share split and gave 4 shares for every share, and issued 10,320,000 shares total 13,760,000.

At July 26, 2017 the director cancelled by 8,000,000 shares of his.

NOTE 5 – INCOME TAXES

The benefit for income taxes for the periods ended September 30, 2017 and December 31, 2016 differ from the amount which would be expected as a result of applying the statutory tax rates to the losses before income taxes due primarily to changes in the valuation allowance to fully reserve net deferred tax assets.

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income.

The components of these differences are as follows:

	September 30,			September 30,
	2017			2016
	(Unaudited)			(Unaudited)
	$			$
Net tax loss carry-forwards		(30,920	)		(19,114	)
Statutory rate		15	%		15	%
Expected tax recovery		(4,638	)		(2,867	)
Change in valuation allowance		4,638			2,867
Income tax provision		—			—

F-9

ZEV VENTURES, INC

NOTES TO THE INTERIM FINANCIAL STATEMENTS (continued…)

(unaudited)

NOTE 5 – INCOME TAXES (continued...)

	September 30,			December 31,
	2017			2016
	(Unaudited)
Components of deferred tax assets:	$			$
Non capital tax loss carry forwards		12,909			8,271
Less: valuation allowance		(12,909	)		(8,271	)
Net deferred tax asset		—			—

The Company has provided a valuation allowance against the full amount of the deferred tax asset due to management’s uncertainty about its realization. As of September 30, 2017 the Company had approximately $86,063 in tax loss carryforwards that can be utilized future periods to reduce taxable income, and expire by the year 2037.

NOTE 6 – RELATED PARTY TRANSACTIONS

Details of transactions between the Company and related parties are disclosed below:

The following entities have been identified as related parties :

Zev Turetsky            - Director and greater than 10% stockholder

	September 30,		December 31
	2017		2016
	(Unaudited)
	$		$
The following transactions were carried out with related parties:
Balance sheet:
Loan from related party		68,133		52,503

From time to time, the president and a stockholder of the Company provides advances to the Company for its working capital purposes. These advances bear no interest and are due on demand.

NOTE 7 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no additional material subsequent events to report.

F-10

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This Management’s Discussion and Analysis includes a number of forward-looking statements that reflect our current views with respect to future events and financial performance. Forward-looking statements are often identified by words like: “believe,” “expect,” “estimate,” “anticipate,” “intend,” “project,” “will,” “should” and similar expressions, or words which, by their nature, refer to future events. You should not place undue certainty on these forward-looking statements, which apply only as of the date of this Form 10-Q. 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. We undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events, or otherwise.

Our financial statements are stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.

In this quarterly report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to “common stock” refer to the common shares in our capital stock.

As used in this Quarterly Report, the terms “we,” “us,” “Company,” “our” and “Spirit” mean Zev Ventures, Inc., unless otherwise indicated.

THERE IS SUBSTANTIAL UNCERTAINTY ABOUT OUR ABILITY TO CONTINUE OUR OPERATIONS AS A GOING CONCERN.

Results of Operations

Our results of operations are presented below:

Results of Operations for the Three and Nine Months Ended September 30, 2017.

Revenue for the three and nine months ended September 30, 2017 was $1.042 and $6,698.

Total Operating expenses for the three and nine months ended September 30, 2017 was $18,164 and $27,572.

Liquidity and Capital Resources

As of September 30, 2017, we had $3,908 in cash and $6,870 in total assets, and $70,633 in total liabilities as compared to $2,382 in cash, and $5,600 in total assets, and $60,503 in total liabilities as of December 31, 2016.

We are dependent on our revenues for cash flow, as we have minimized cash flow requirements through equity or debt financing.  However, as we intend to expand operations, it is likely that we will require cash flow from financing in the future which could affect our ability to become cash flow positive.

For the nine months ending September 30, 2017 net cash of $(36,104) was provided by operating activities, compared to net cash of $(22,927) provided by operating activities for the nine months ending September 30, 2016.

During the nine months ending September 30, 2017, net cash of $15,630 was provided by financing activities compared to net cash of $24,200 for the nine months ending September 30, 2016.

2 

Off-Balance Sheet Arrangements

We have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

Inflation

The amounts presented in the financial statements do not provide for the effect of inflation on our operations or financial position. The net operating losses shown would be greater than reported if the effects of inflation were reflected either by charging operations with amounts that represent replacement costs or by using other inflation adjustments.

3 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are an emerging growth company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this item.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Exchange Act). Disclosure controls and procedures refer to controls and other procedures designed to ensure that information required to be disclosed in the reports we file or submit under the Securities Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the SEC and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

As required by Rule 13a-15(e), our management has carried out an evaluation, with the participation and under the supervision of Zev Turetsky our President and Principal Accounting Officer, of the effectiveness of the design and operation of our disclosure controls and procedures, as of September 30, 2017. Based upon, and as of the date of this evaluation, Zev Turetsky determined that our disclosure controls and procedures were effective at the reasonable assurance level.

Changes in Internal Control over Financial Reporting

During the fiscal quarter ended September 30, 2017, there were no changes in our internal control over financial reporting that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

4 

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

From time to time, we may become involved in various lawsuits and legal proceedings, which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm business. We are currently not aware of any such legal proceedings or claims that will have, individually or in the aggregate, a material adverse affect on our business, financial condition or operating results.

ITEM 1A. RISK FACTORS

We are an emerging growth company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this item.

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

None.

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable to our operations.

ITEM 5. OTHER INFORMATION

None.

5 

ITEM 6. EXHIBITS

Exhibit No.	Exhibit Description
3.1	Articles of Incorporation of the Company (incorporated by reference to Exhibit 3.1 to the Form S-1 filed with the SEC on December 29, 2014)
3.2	Bylaws of the Company (incorporated by reference to Exhibit 3.2 to the Form S-1 filed with the SEC on December 29, 2014)
31.1	Certification of the Chief Executive and Financial Officer required under Rule 13a-14(a)/15d-14(a) of the Exchange Act
32.1	Certification of the Chief Executive and Financial Officer required under Section 1350 of the Exchange Act
101 INS	XBRL Instance Document
101 SCH	XBRL Taxonomy Schema
101 CAL	XBRL Taxonomy Extension Calculation Linkbase
101 DEF	XBRL Taxonomy Extension Definition Linkbase
101 LAB	XBRL Taxonomy Extension Label Linkbase
101 PRE	XBRL Taxonomy Extension Presentation Linkbase

6 

SIGNATURES

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

	Zev Ventures, Inc.
Date: November 20, 2017	By: /s/ Zev Turetsky
	Name: Zev Turetsky
	Title: President

7 

EX-31.1

Exhibit 31.1

I, Zev Turetsky, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Zev Ventures, Inc.;

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

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

4. The registrant’s other certifying officer(s) and I 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: November 20, 2017	By:	/s/ Zev Turetsky
	Name:	Zev Turetsky
	Title:	Chief Executive Officer and Chief Financial Officer

EX-32.1

Exhibit 32.1

STATEMENT FURNISHED PURSUANT TO SECTION 906 OF THE
SARBANES-OXLEY ACT OF 2002, 18 U.S.C. SECTION 1350

In connection with the Quarterly Report on Form 10-Q of Zev Ventures, Inc. (the “Company”) for the quarter ended September 30, 2017 (the “Report”), I, Zev Turetsky, President, Chief Executive Officer and Chief Financial Officer, certify as follows:

A) the Report fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended (15 U.S.C. 78m or 78o(d)), and

B) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company as of the dates and for the periods covered by the Report.

This statement is authorized to be attached as an exhibit to the Report so that this statement will accompany the Report at such time as the Report is filed with the Securities and Exchange Commission, pursuant to Section 906 of the Sarbanes Oxley Act of 2002, 18 U.S.C. Section 1350. Pursuant to Securities and Exchange Commission Release 33-8238, dated June 5, 2003, this certification is being furnished and shall not be deemed filed by the Company for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or incorporated by reference in any registration statement of the Company filed under the Securities Act of 1933, as amended, except to the extent that the Company specifically incorporates it by reference. A signed original of this written statement required by Section 906 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.

Date: November 20, 2017	By:	/s/ Zev Turetsky
	Name:	Zev Turetsky
	Title:	Chief Executive Officer and Chief Financial Officer

XML

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 14, 2017
Document And Entity Information
Entity Registrant Name	ZEV VENTURES INC.
Entity Central Index Key	0001646188
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		3,420,000
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2017

XML

BALANCE SHEETS (Unaudited) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 3,908	$ 2,382
Account receivable	1,209	1,818
Inventory	1,753	1,460
TOTAL ASSETS	6,870	5,660
Current liabilities:
Account payable and accrued expenses	2,500	8,000
Loan from related party	68,133	52,503
Total liabilities	70,633	60,503
Stockholder's Equity (Deficit)
Common stock, $0.0001 par value, 75,000,000 shares authorized; 5,760,000 and 3,000,000 shares issued and outstanding as of September 30, 2017 and December 31, 2016, respectivly.	576	300
Additional paid in capital	21,724
Accumulated deficit	(86,063)	(55,143)
Total stockholders' Deficit	(63,763)	(54,843)
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT	$ 6,870	$ 5,660

XML

BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, authorized	75,000,000	75,000,000
Common stock, issued	5,760,000	3,000,000
Common stock, outstanding	5,760,000	3,000,000

XML

STATEMENT OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Revenue	$ 1,042	$ 2,094	$ 2,698	$ 3,694
Cost of sales	(1,556)	(3,211)	(6,046)	(7,653)
Gross profit	(514)	(1,117)	(3,348)	(3,959)
General and administrative:-
Other costs	120		261	28
Professional fees
- Auditors' fees	2,500	2,000	5,500	12,000
- Legal fees	2,700		7,200	750
Filing fees	12,844	689	14,611	2,377
Total operating expenses	18,164	2,689	27,572	15,155
Net profit / (loss)	$ (18,678)	$ (3,806)	$ (30,920)	$ (19,114)
Net loss per common share - basic and diluted:
Net profit / (loss) per share attributable to common stockholders	$ (0.01)	$ 0	$ (0.01)	$ (0.01)
Weighted-average number of common shares outstanding	3,000,000	3,000,000	3,000,000	3,000,000

XML

STATEMENT OF STOCKHOLDER'S DEFICIT (Unaudited) - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Balance, at beginning at Dec. 31, 2015	$ 300		$ (20,563)	$ (20,263)
Balance, at beginning (in shares) at Dec. 31, 2015	3,000,000
Loss for the period			(34,580)	(34,580)
Balance, at end at Dec. 31, 2016	$ 300		(55,143)	$ (54,843)
Balance, at end (in shares) at Dec. 31, 2016	3,000,000			3,000,000
Common stock issued for cash	$ 44	21,956		$ 22,000
Common stock issued for cash (in shares)	440,000
Split of common stock	$ 1,032	(1,032)
Split of common stock (in shares)	10,320,000
Cancellation of stocks	$ (800)	800
Cancellation of stocks (in shares)	(8,000,000)
Loss for the period			(30,920)	(30,920)
Balance, at end at Sep. 30, 2017	$ 576	$ 21,724	$ (86,063)	$ (63,763)
Balance, at end (in shares) at Sep. 30, 2017	5,760,000			5,760,000

XML

STATEMENT OF CASH FLOWS (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities
Net loss	$ (30,920)	$ (19,114)
Changes in operating assets and liabilities
Inventory	(293)	(4,339)
Account receivable	609
Account payable and accrued expenses	(5,500)	526
Net cash used by operating activities	(36,104)	(22,927)
Cash Flows from Investing Activities
Cash Flows from Financing Activities
Short term borrowings - related party	15,630	24,200
Proceeds from issuance common stock	22,000
Net cash earned from financing activities	37,630	24,200
Increase / (Decrease) in cash and cash equivalents	1,526	1,273
Cash and cash equivalents at beginning of the Period	2,382	5,174
Cash and cash equivalents at end of the Period	$ 3,908	$ 6,447

XML

NATURE OF BUSINESS AND BASIS OF PRESENTATION

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

NATURE OF BUSINESS AND BASIS OF PRESENTATION

NOTE 1 – NATURE OF BUSINESS AND BASIS OF PRESENTATION

Zev Ventures Inc. (the “Company”) is a Nevada Corporation, incorporated under the laws of the State of Nevada on December 22, 2014. The Company’s business plan involves purchasing tickets online for popular sport’s events and reselling them through online marketplaces.

Basis of Presentation

The Company maintains its accounting records on an accrual basis in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). These financial statements are presented in US dollars.

Fiscal Year End

The Corporation has adopted a fiscal year end of December 31.

Unaudited Interim Financial Statements

The interim financial statements of the Company as of September 30, 2017, and for the periods then ended are unaudited. However, in the opinion of management, the interim financial statements include all adjustments, consisting of only normal recurring adjustments, necessary to present fairly the Company’s financial position as of September 30, 2017, and the results of its operations and its cash flows for the three and nine month period ended September 30, 2017. These results are not necessarily indicative of the results expected for the calendar year ending December 31, 2017. The accompanying financial statements and notes thereto do not reflect all disclosures required under accounting principles generally accepted in the United States. Refer to the Company’s audited financial statements as of December 31, 2016, filed with the SEC, for additional information, including significant accounting policies.

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2017

Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The principal accounting policies are set out below, these policies have been consistently applied to the period presented, unless otherwise stated:

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts or revenues and expenses during the reporting period. Actual results could differ from those estimates.

Going concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As at September 30, 2017 the Company has a deficit from operations of $86,063 and has not earned sufficient revenues to cover operating costs and has a working capital deficit of $63,793. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2017.

The ability of the Company to achieve its business plan is dependent upon, among other things, obtaining additional financing to continue operations. In response to these problems, management intends to raise additional funds through public or private placement offerings.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Cash and cash equivalents

Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000.

Inventory

The Company purchases online tickets to sporting events that are held as inventory. Inventories are presented at the lower of cost or net realizable value and are expensed through cost of sales when sold. The company plans to utilize the specific identification method of accounting for inventory since each ticket is identifiable by a unique ticket number and is easy to track from purchase up to sale As at September 30, 2017 the Company has $1,753 in inventories

Property, plant and equipment

The Company does not own any property, plant and equipment.

Accounts payable and accrued liabilities

Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.

Revenue Recognition

The Company recognizes revenue when all of the following have occurred: persuasive evidence of an agreement with the customer exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable and collectability of the selling price is reasonably assured.

The Company recognizes revenue when the online sale has been processed as delivery has occurred, the selling price has been determined and proceeds have been collected.

Cost of Sales

Cost of sales consists of the cost of merchandise sold to customers.

Income Taxes

Income taxes are accounted for in accordance with ASC Topic 740, “Income Taxes.” Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Earnings per Share

The Company computes net loss per share in accordance with ASC 260, “Earnings per Share” ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, which comprise options granted to employees. As at September 30, 2017, the Company had no potentially dilutive shares.

Fair Value of Financial Instruments

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1: Quoted prices in active markets for identical instruments;

Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments);

Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments).

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LOAN FROM RELATED PARTY

9 Months Ended

Sep. 30, 2017

Loan From Related Party

LOAN FROM RELATED PARTY

NOTE 3 – LOAN FROM RELATED PARTY

	September 30,		December 31,
	2017		2016
	(Unaudited)
	$		$
Loan from related party		68,133		52,503

The above loan is unsecured, bears no interest and has no set terms of repayment. This loan is repayable on demand.

XML

STOCKHOLDER'S DEFICIT

9 Months Ended

Sep. 30, 2017

Equity [Abstract]

STOCKHOLDER'S DEFICIT

NOTE 4 – STOCKHOLDER’S DEFICIT

Common Stock

On December 22, 2014, the Company issued 3,000,000 shares of common stock to the director of the Company at a price of $0.0001 per share, for $300 cash.

During June 2017, the company issued 420,000 shares of common stock to shareholders at a price of $0.05 per share, for $21,000 cash.

During July 2017, the company issued 20,000 shares of common stock to shareholders at a price of $0.05 per share, for $1,000 cash.

At July 26, 2017 the company made a share split and gave 4 shares for every share, and issued 10,320,000 shares total 13,760,000.

At July 26, 2017 the director cancelled by 8,000,000 shares of his.

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INCOME TAXES

9 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

INCOME TAXES

NOTE 5 – INCOME TAXES

The benefit for income taxes for the periods ended September 30, 2017 and December 31, 2016 differ from the amount which would be expected as a result of applying the statutory tax rates to the losses before income taxes due primarily to changes in the valuation allowance to fully reserve net deferred tax assets.

Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income.

The components of these differences are as follows:

	September 30,			September 30,
	2017			2016
	(Unaudited)			(Unaudited)
	$			$
Net tax loss carry-forwards		(30,920	)		(19,114	)
Statutory rate		15	%		15	%
Expected tax recovery		(4,638	)		(2,867	)
Change in valuation allowance		4,638			2,867
Income tax provision		—			—

	September 30,			December 31,
	2017			2016
	(Unaudited)
Components of deferred tax assets:	$			$
Non capital tax loss carry forwards		12,909			8,271
Less: valuation allowance		(12,909	)		(8,271	)
Net deferred tax asset		—			—

The Company has provided a valuation allowance against the full amount of the deferred tax asset due to management’s uncertainty about its realization. As of September 30, 2017 the Company had approximately $86,063 in tax loss carryforwards that can be utilized future periods to reduce taxable income, and expire by the year 2037.

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RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2017

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 6 – RELATED PARTY TRANSACTIONS

Details of transactions between the Company and related parties are disclosed below:

The following entities have been identified as related parties :

Zev Turetsky            - Director and greater than 10% stockholder

The following transactions were carried out with related parties:

	September 30,		December 31
	2017		2016
	(Unaudited)
	$		$
Balance sheet:
Loan from related party		68,133		52,503

From time to time, the president and a stockholder of the Company provides advances to the Company for its working capital purposes. These advances bear no interest and are due on demand.

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SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2017

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 7 – SUBSEQUENT EVENTS

In accordance with ASC 855-10, Company management reviewed all material events through the date of this report and determined that there are no additional material subsequent events to report.

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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2017

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts or revenues and expenses during the reporting period. Actual results could differ from those estimates.

Going Concern

Going concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. As at September 30, 2017 the Company has a deficit from operations of $86,063 and has not earned sufficient revenues to cover operating costs and has a working capital deficit of $63,793. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the year ending December 31, 2017.

The ability of the Company to achieve its business plan is dependent upon, among other things, obtaining additional financing to continue operations. In response to these problems, management intends to raise additional funds through public or private placement offerings.

These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Cash and Cash Equivalents

Cash and cash equivalents

Cash and equivalents include investments with initial maturities of three months or less. The Company maintains its cash balances at credit-worthy financial institutions that are insured by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000.

Inventory

Inventory

The Company purchases online tickets to sporting events that are held as inventory. Inventories are presented at the lower of cost or net realizable value and are expensed through cost of sales when sold. The company plans to utilize the specific identification method of accounting for inventory since each ticket is identifiable by a unique ticket number and is easy to track from purchase up to sale As at September 30, 2017 the Company has $1,753 in inventories.

Property, Plant and Equipment

Property, plant and equipment

The Company does not own any property, plant and equipment.

Accounts Payable and Accrued Expenses

Accounts payable and accrued liabilities

Accounts payable and accrued expenses are carried at amortized cost and represent liabilities for goods and services provided to the Company prior to the end of the financial year that are unpaid and arise when the Company becomes obliged to make future payments in respect of the purchase of these goods and services.

Revenue Recognition

Revenue Recognition

The Company recognizes revenue when all of the following have occurred: persuasive evidence of an agreement with the customer exists, delivery has occurred or services have been rendered, the selling price is fixed or determinable and collectability of the selling price is reasonably assured.

The Company recognizes revenue when the online sale has been processed as delivery has occurred, the selling price has been determined and proceeds have been collected.

Cost of Sales

Cost of Sales

Cost of sales consists of the cost of merchandise sold to customers.

Income Taxes

Income Taxes

Income taxes are accounted for in accordance with ASC Topic 740, “Income Taxes.” Under the asset and liability method, deferred tax assets and liabilities are recognized for the future consequences of differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences). Deferred tax assets and liabilities are measured using tax rates expected to apply to taxable income in the years in which those temporary differences are recovered or settled. Valuation allowances for deferred tax assets are established when it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Earnings Per Share

Earnings per Share

The Company computes net loss per share in accordance with ASC 260, “Earnings per Share” ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is calculated by dividing the profit or loss attributable to common shareholders of the Company by the weighted average number of common shares outstanding during the period. Diluted EPS is determined by adjusting the profit or loss attributable to common shareholders and the weighted average number of common shares outstanding for the effects of all potential dilutive common shares, which comprise options granted to employees. As at September 30, 2017, the Company had no potentially dilutive shares.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The Company measures assets and liabilities at fair value based on an expected exit price as defined by the authoritative guidance on fair value measurements, which represents the amount that would be received on the sale of an asset or paid to transfer a liability, as the case may be, in an orderly transaction between market participants. As such, fair value may be based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level.

The following are the hierarchical levels of inputs to measure fair value:

Level 1: Quoted prices in active markets for identical instruments;

Level 2: Other significant observable inputs (including quoted prices in active markets for similar instruments);

Level 3: Significant unobservable inputs (including assumptions in determining the fair value of certain investments).

XML

LOAN FROM RELATED PARTY (Tables)

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Schedule of loan due to related party

	September 30,		December 31,
	2017		2016
	(Unaudited)
	$		$
Loan from related party		68,133		52,503

The above loan is unsecured, bears no interest and has no set terms of repayment. This loan is repayable on demand.

XML

INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2017

Income Tax Disclosure [Abstract]

Schedule of income tax provision

The components of these differences are as follows:

	September 30,			September 30,
	2017			2016
	(Unaudited)			(Unaudited)
	$			$
Net tax loss carry-forwards		(30,920	)		(19,114	)
Statutory rate		15	%		15	%
Expected tax recovery		(4,638	)		(2,867	)
Change in valuation allowance		4,638			2,867
Income tax provision		—			—

Schedule of deferred tax assets and liabilities

	September 30,			December 31,
	2017			2016
	(Unaudited)
Components of deferred tax assets:	$			$
Non capital tax loss carry forwards		12,909			8,271
Less: valuation allowance		(12,909	)		(8,271	)
Net deferred tax asset		—			—

XML

RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2017

Related Party Transactions [Abstract]

Schedule of related party transactions

The following transactions were carried out with related parties:

	September 30,		December 31
	2017		2016
	(Unaudited)
	$		$
Balance sheet:
Loan from related party		68,133		52,503

XML

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Accounting Policies [Abstract]
Accumulated deficit	$ 86,063	$ 55,143
Working capital deficit	(63,793)
FDIC insured amount	250,000
Inventory	$ 1,753

XML

LOAN FROM RELATED PARTY (Details) - USD ($)

9 Months Ended

Sep. 30, 2017

Dec. 31, 2016

Loans from related party

$ 68,133

$ 52,503

Mr. Zev Turetsky (Director and greater than 10% stockholder) [Member]

Description of interest rate terms

Bears no interest

Description of repayment terms

Loan is repayable on demand

Loans Payable [Member] | Mr. Zev Turetsky (Director and greater than 10% stockholder) [Member]

Loans from related party

$ 68,133

$ 52,503

Description of collateral

Loan is unsecured

Description of interest rate terms

Bears no interest

Description of repayment terms

Loan is repayable on demand

XML

STOCKHOLDER'S DEFICIT (Details Narrative) - USD ($)		1 Months Ended
	Dec. 22, 2014	Jul. 31, 2017	Jul. 26, 2017	Jun. 30, 2017
Split of common stock (in shares)			10,320,000
Total number of shares split (in shares)			13,760,000
Split ratio			4 shares for every share
Mr. Zev Turetsky (Director and greater than 10% stockholder) [Member]
Number of shares issued for services	3,000,000
Share price (in dollars per share)	$ 0.0001
Number of shares issued for services, value	$ 300
Cancellation of stocks (in shares)			8,000,000
Shareholders [Member]
Number of shares issued for services		20,000		420,000
Share price (in dollars per share)		$ 0.05		$ 0.05
Number of shares issued for services, value		$ 1,000		$ 21,000

XML

INCOME TAXES (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Net tax loss carry-forwards	$ (30,920)		$ (19,114)
Statutory rate	15.00%	15.00%
Expected tax recovery	$ (4,638)	$ (2,867)
Change in valuation allowance	4,638	2,867
Income tax provision

XML

INCOME TAXES (Details 1) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Components of deferred tax assets:
Non capital tax loss carry forwards	$ 12,909	$ 8,271
Less: valuation allowance	(12,909)	(8,271)
Net deferred tax assets

XML

INCOME TAXES (Details Narrative)	9 Months Ended
	Sep. 30, 2017 USD ($)
Income Tax Disclosure [Abstract]
Operating loss carryforwards	$ (86,063)
Tax loss carryforwards, expire period	Dec. 31, 2037

XML

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Loan from related party	$ 68,133	$ 52,503
Loans Payable [Member] | Mr. Zev Turetsky (Director and greater than 10% stockholder) [Member]
Loan from related party	$ 68,133	$ 52,503

XML

RELATED PARTY TRANSACTIONS (Details Narrative) - Mr. Zev Turetsky (Director and greater than 10% stockholder) [Member]

9 Months Ended

Sep. 30, 2017

Description of interest rate terms

Bears no interest

Description of repayment terms

Loan is repayable on demand