10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q/A

(Amendment No. 1)

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

For the quarter ended: December 31, 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- 213393

Battlers Corp.

(Exact name of registrant as specified in its charter)

Nevada	7812
(State or Other Jurisdiction of	Primary Standard Industrial
Incorporation or Organization)	Classification Code Number
38-3990249
IRS Employer
Identification Number

Battlers Corp.

No.1 Street, Sophora Court,

1/27, Larnaka, Cyprus, 6021

Tel. 302111983153

Email: company@battlerscorp.com

(Address and telephone number of principal executive offices)

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 past 12 months, and (2) has been subject to such filing requirements for the past 90 days.

Yes [  ] No [X]

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

Large accelerated filer	[   ]	Accelerated filer		[   ]
Non-accelerated filer	[   ]	Smaller reporting company		[X]
			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 Exchange Act).

Yes [ ] No [X]

As of December 31, 2017 there were 4,945,500 shares outstanding of the registrant’s common stock.

EXPLANATORY NOTE

Battlers Corp. (the “Company,” “we,” “us,” “our,”) is filing this Amendment No. 1 on Form 10-Q/A (this “Amendment”) to amend our Quarterly Report on Form 10-Q for the quarter ended December  31, 2017 (the “Form 10-Q”), as originally filed with the United States Securities and Exchange Commission (the “SEC”) on October 12, 2018. The purpose of this Amendment is to submit correct XBRL files, that were to send with the inadvertent error “Document Period End Date value 2017-09-30 does not agree with  Period Of Report value 12-31-2017".

No other changes have been made to the original Form 10-Q for the quarter ended December  31, 2017. This Amendment No. 1 to the Form 10-Q speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the original Form 10-Q.

		Page
PART I	FINANCIAL INFORMATION:
Item 1.	Financial Statements	3
	Condensed Balance Sheets as of December 31, 2017 (unaudited) and June 30, 2017	4
	Condensed Statements of Operations for the three and six months ended December 31, 2017 and 2016 (unaudited)	5
	Condensed Statement of Cash Flows for the six months ended December 31, 2017 and 2016 (unaudited)	6
	Notes to the Condensed Financial Statements (unaudited)	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	11
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15
PART II	OTHER INFORMATION:
Item 1.	Legal Proceedings	15
Item 1A	Risk Factors	15
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosure.	16
Item 5.	Other Information	16
Item 6.	Exhibits	16
	Signatures	17

 2 

PART I – FINANCIAL INFORMATION

Item 1. Financial statements

The accompanying interim condensed financial statements of Battlers Corp. (the “Company”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

 3 

BATTLERS CORP.

Balance Sheets

ASSETS		December 31, 2017 (Unaudited)			June 30, 2017
Current Assets
Cash and cash equivalents Prepaid rent	$	- 2,710		$	1,173 4,090
Total Current Assets		2,710			5,263
Fixed Assets
Equipment, net		12,091			15,187
Total Fixed Assets		12,091			15,187
Total Assets	$	14,801		$	20,450
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities
Current Liabilities
Loan from director	$	6,140		$	4,640
Total Current Liabilities		6,140			4,640
Total Liabilities		6,140			4,640
Stockholders’ Equity
Common stock, par value $0.001; 75,000,000 shares authorized, 4,945,500 and 4,945,500 shares issued and outstanding as of December 31, 2017 and June 30, 2017 accordingly		4,945			4,945
Additional paid in capital		17,882			17,882
Retained deficit		(14,166	)		(7,017	)
Total Stockholders’ Equity		8,661			15,810
Total Liabilities and Stockholders’ Equity	$	14,801		$	20,450

See accompanying notes, which are an integral part of these unaudited condensed financial statements

 4 

BATTLERS CORP.

Statements of Operations

(Unaudited)

		Three months ended December 31, 2017		Three months ended December 31, 2016		Six months ended December 31, 2017		Six months ended December 31, 2016
REVENUES	$	-		9,433		2,980		13,887
Cost of services		-		5,841		-		5,841
Gross Profit		-		3,592		2,980		8,046
OPERATING EXPENSES
General and Administrative Expenses		2,512		5,016		10,129		10,268
TOTAL OPERATING EXPENSES		2,512		5,016		10,129		10,268
NET LOSS FROM OPERATIONS		(2,512	)	(1,424	)	(7,149	)	(2,222	)
PROVISION FOR INCOME TAXES		-		-		-		-
NET LOSS	$	(2,512	)	(1,424	)	(7,149	)	(2,222	)
NET LOSS PER SHARE: BASIC AND DILUTED	$	(0.00	)	(0.00	)	(0.00	)	(0.00	)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED		4,945,500		4,208,913		4,945,500		4,104,266

See accompanying notes, which are an integral part of these unaudited condensed financial statements

 5 

BATTLERS CORP.

Statement of Cash Flows

(Unaudited)

		Six months ended December 31, 2017		Six months ended December 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$	(7,149	)	(2,222	)
Adjustments to reconcile net loss to net cash (used in) operating activities:
Depreciation		3,606		352
Changes in operating assets and liabilities:
Studio costs		-		(4,000	)
Customer Deposits		-		1,250
Prepaid rent		1,380		(5,470	)
CASH FLOWS USED IN OPERATING ACTIVITIES		(2,162	)	(10,090	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Equipment		(510	)	(7,817	)
CASH FLOWS USED IN INVESTING ACTIVITIES		(510	)	(7,817	)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from director loan		1,500		1,978
Proceeds from sale of common stock		-		22,101
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		1,500		24,079
NET DECREASE IN CASH		(1,173	)	6,172
Cash, beginning of period		1,173		1,989
Cash, end of period	$	-		8,161
SUPPLEMENTAL CASH FLOW INFORMATION:
Interest paid	$	-		-
Income taxes paid	$	-		-

See accompanying notes, which are an integral part of these unaudited condensed financial statements

 6 

BATTLERS CORP.

Notes to the condensed financial statements

DECEMBER 31, 2017

(Unaudited)

Note 1 – ORGANIZATION AND NATURE OF BUSINESS

Battlers Corp. (“the Company”, “we”, “us” or “our”) was incorporated in the State of Nevada on February 3, 2016. Battlers Corp. is a startup company, which produces videos, advertising shorts for TV and websites, wedding videos, family videos, vacation records reduction and business presentation records for marketing and other needs in Greece. The Company’s registered office is located at No.1 Street, Sophora Court, 1/27, Larnaka, Cyprus, 6021.

Our future operations and earnings currently depend on the results of the Company’s operations outside the United States. There can be no assurance that the Company will be able to successfully continue to conduct such operations, and a failure to do so would have a material adverse effect on the Company’s financial position, results of operations, and cash flows. Also, the success of the Company’s operations will be subject to other numerous contingencies, some of which are beyond management’s control. These contingencies include general and regional economic conditions, competition, changes in regulations, changes in accounting and taxation standards, inability to achieve our overall long-term goals, and global or regional catastrophic events. Because the Company is dependent on its operations outside of the Unites States for all its revenue, the Company may be subject to various additional political, economic, and other uncertainties.

Note 2 – GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern.  The Company had revenues of $2,980 for the six months ended December 31, 2017.  The Company currently has negative operating cash flows, and has not established a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company’s ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management’s efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

Note 3 – SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

Basis of presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s yearend is June 30.The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America, including a summary of the Company’s significant accounting policies, have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended June 30, 2017, included in our Annual Report on Form 10-K for the year ended June 30, 2017.

Depreciation, Amortization, and Capitalization

The Company records depreciation and amortization using the straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of the Photo camera, big screen TV and other professional equipment is 5 years and the software program is 2 years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income.

 7 

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Cash and Cash Equivalents

The  Company  considers  all  highly  liquid  investments  with  original  maturities  of  three  months  or  less  to be cash equivalents. The Company had no cash as of December 31, 2017 and $1,173 as of June 30, 2017.

Fair Value of Financial Instruments

ASC topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity.

Revenue Recognition

The Company recognizes revenue in accordance with ASC topic 605 “Revenue Recognition”. The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

As of December 31, 2017 the Company’s revenues were generated from four customers: Focus on Peristeri ES with 14% of total revenue, Pocket MGZ with 28% of total revenue, NTI TEILS MONOPROSOPI EPE - MARKELLOU D. MARIA with 32% of total revenue and SYMEONIDOU EFFIMIA & SIA EE with 26% of total revenue.

As of December 31, 2016 the Company’s revenues were generated from three customers: Focus on Peristeri ES with 22% of total revenue, Pocket MGZ with 33% of total revenue, NTI TEILS MONOPROSOPI EPE - MARKELLOU D. MARIA with 45% of total revenue.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of December 31, 2017, there were no potentially dilutive debt or equity instruments issued or outstanding. 

Foreign Currency Translation

The Company’s functional and reporting currency is the U.S. dollar, his is why there isn’t any other comprehensive income/foreign currency translations. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the statement of operations.

 8 

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) in May 2014. ASU No. 2014-09 outlines a single, comprehensive revenue recognition model for revenue derived from contracts with customers and it supersedes the most current revenue recognition guidance. This includes current guidance that is industry-specific. Under ASU No. 2014-09, an entity recognizes revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 is effective for annual reporting periods beginning after December 15, 2017. Earlier adoption is permitted as of annual reporting periods beginning after December 15, 2016. The Company is still evaluating the impacts it will have on its current revenue recognition policy.

Note 4 – LOAN FROM DIRECTOR

For the six months ended December 31, 2017, our sole director has loaned to the Company $1,500. This loan is unsecured, non-interest bearing and due on demand. The balance due to the director was $6,140 and $4,640 as of December 31, 2017 and June 30, 2017, respectively.

Note 5 – FIXED ASSETS

		Equipment
Cost
As at June 30, 2016	$	-
Additions		16,609
Disposals		-
As at June 30, 2017	$	16,609
Additions		510
Disposals		-
As at December 31, 2017	$	17,119
Depreciation
As at June 30, 2016	$	(-)
Change for the period		(1,422)
As at June 30, 2017	$	(1,422)
Change for the period		(3,606)
As at December 31, 2017	$	(5,028)
Net book value	$	12,091

Note 6 – COMMITMENTS AND CONTINGENCIES

The Company has signed a lease agreement for renting an office space, which is located at the following address: Delfon 2, Athens 106 80 Greece. Rent started from September 1, 2016 and terminates on December 31, 2018.  The agreed rental fee is $230 per month. For the six months ended December 31, 2017 the Company has $1,380 expense for rent and the amount of $2,710 is in prepaid rent.

 9 

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Note 7 – COMMON STOCK

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

On July 5, 2016, the Company issued 4,000,000 shares of common stock to a director for cash proceeds of $4,000 at $0.001 per share.

During November 2016, the Company issued 197,500 shares of common stock for cash proceeds of $3,950 at $0.02 per share.

During December 2016, the Company issued 711,500 shares of common stock for cash proceeds of $14,151 at $0.02 per share.

During January 2017, the Company issued 36,500 shares of common stock for cash proceeds of $726 at $0.02 per share.

There were 4,945,500 shares of common stock issued and outstanding as of December 31, 2017.

Note 8 – INCOME TAXES

The Company adopted the provisions of uncertain tax positions as addressed in ASC 740-10-65-1. As a result of the implementation of ASC 740-10-65-1, the Company recognized no increase in the liability for unrecognized tax benefits.

On December 22, 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted into law including a one-time mandatory transition tax on accumulated foreign earnings and a reduction of the corporate income tax rate to 21% effective January 1, 2018, among others. We are required to recognize the effect of the tax law changes in the period of enactment, such as determining the transition tax, remeasuring our U.S. deferred tax assets and liabilities as well as reassessing the net realizability of our deferred tax assets and liabilities. The Company has foreign earnings and therefore, there may be a transition tax. We have remeasured our U.S. deferred tax assets at a statutory income tax rate of 21%. Since the Tax Act was passed late in the fourth quarter of 2017, and ongoing guidance and accounting interpretation are expected over the next 12 months, we consider the accounting of any transition tax, deferred tax re-measurements, and other items to be incomplete due to the forthcoming guidance and our ongoing analysis of final year-end data and tax positions. We expect to complete our analysis within the measurement period in accordance with SAB 118.

As of December 31, 2017 the Company had net operating loss carry forwards of approximately $14,166 that may be available to reduce future years’ taxable income in varying amounts through 2036. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The valuation allowance at December 31, 2017 was approximately $2,975. The net change in valuation allowance during the six months ended December 31, 2017 was $589 with $1,843 of the change related to new enacted tax rates. In assessing the reliability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. The Company recognizes interest and penalties related to unrecognized tax benefits in operating expenses.  The Company has not recognized any interest and penalties in 2017 and 2016.

 10 

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of December 31, 2017.  All tax years since inception remains open for examination by taxing authorities.

The provision for Federal income tax consists of the following: 

		As of December 31, 2017		As of June 30, 2017
Non-current deferred tax assets:
Net operating loss carry forward	$	(2,975	)	(2,386	)
Valuation allowance	$	2,975		2,386
Net deferred tax assets	$	-		-
Actual tax expense (benefit)	$	-		-

The actual tax benefit at the expected rate of 34% differs from the expected tax benefit for the six months ended December 31, 2017 as follows:

		As of December 31, 2017		As of December 31, 2016
Computed "expected" tax expense (benefit)	$	(2,430	)	(755	)
Effect of rate changes on deferred tax assets and valuation allowance		1,843		-
Change in valuation allowance	$	589		755

                                                                                                                            -                                 -

Note 9 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has analyzed its operations subsequent to December 31, 2017 to the date these financial statements were issued  and  has determined that it does not have any material subsequent events to disclose in these financial statements.

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

This quarterly report and other reports filed by Battlers Corp.   (“we,” “us,” “our,” or the “Company”), from time to time contain or may contain forward-looking statements and information that are based upon beliefs of, and information currently available to, the Company’s management as well as estimates and assumptions made by Company’s management. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. When used in the filings, the words “anticipate”, “believe”, “estimate”, “expect”, “future”, “intend”, “plan” or the negative of these terms and similar expressions as they relate to the Company or the Company’s management identify forward-looking statements. Such statements reflect the current view of the Company with respect to future events and are subject to risks, uncertainties, assumptions, and other factors. Should one or more of these risks or uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). These accounting principles require us to make certain estimates, judgments, and assumptions. We believe that the estimates, judgments, and assumptions upon which we rely are reasonable based upon information available to us at the time that these estimates, judgments, and assumptions are made. These estimates, judgments, and assumptions can affect the reported amounts of assets and liabilities as of the date of the financial statements as well as the reported amounts of revenues and expenses during the periods presented. Our financial statements would be affected to the extent there are material differences between these estimates.

 11 

General information about the Company

Battlers Corp. was incorporated in February 3, 2016, in the state of Nevada, USA. The Company is located in Greece and is working in the field of short video production. The key management of the Company is Stepan Feodosiadi, who is our sole officer and director, President and treasurer. As of the date of this quarterly report, our Sole officer and director have purchased 4,000,000 shares of the common stock of the Company.

Business overview

In developing our company, management believes that marketing videos are trendy for every area of advertising and remains popular among developed and start-up companies. We believe that for companies, having such a marketing tool on their websites and any promotion stages shows it is a step ahead of competitors in the same area of work. Stepan Feodosiadi, our sole officer and director, believes that powerful video marketing is the leading marketing tool that in this industry will have more success in the future perspective.

Marketing videos on the Internet or your website enables you to generate the engaging experience that you need in successful online marketing. When using online video marketing on your website, you are informing your website visitors that they are needed and important to you and that you will invest some time and effort to ensure that they have a thorough experience when showing up at your company website or any promotion activities of your company.

Video production industry overview

The management of the Company believes that promotional videos are one of the top forms of online mass communication that companies can benefit from utilizing. All businesses, small and large, are jumping on board to get their start with onlinecommunication.

Based on the experience of our sole officer and director in the video production area we can estimate the following steps for video production:

1.Planning of the concept of the video 

2.Planning technical aspects to create the video

3.Production stage

4.Post-production, which means putting the video together through editing and fine-tuning the visuals and sound

Our Company is engaged in every one of the above-mentioned steps, but mostly in post-production. We believe that this part of the whole video production process takes a lot of time and we are going to focus on it. 

Target market

Battlers Corp. is planning to develop itself in the industry of video production. First of all we are oriented on companies, which are working in the marketing and advertising industry. The Company will offer them its service and will be negotiating to sign a long term agreement for future services. Stepan Feodosiadi, who is in charge of all of the Company’s processes, will perform such negotiations. He is planning to offer family greeting videos for private individuals also. 

One of our various target streams is preparation of business projects for the companies, for example start up project presentation, new project development introduction, and attracting investors’ presentation.

As of December 31, 2017 we have signed four contracts and provide our services to our customers: Focus on Peristeri ES, Pocket MGZ, NTI TEILS MONOPROSOPI EPE - MARKELLOU D. MARIA and SYMEONIDOU EFFIMIA & SIA EE.

 12 

Management’s Discussion and Analysis of Financial Condition and Results of Operations

You  should  read  the  following  discussion  and  analysis  of  our  financial  condition  and  results  of  operations  together  with  our  financial  statements  and  the  related  notes  and  other  financial  information  included elsewhere  in  this  prospectus.  Some  of  the  information  contained  in  this  discussion  and  analysis  or  set  forth elsewhere  in  this  prospectus,  including  information  with  respect  to  our  plans  and  strategy  for  our  business  and related  financing,  includes  forward-looking  statements  that  involve  risks  and  uncertainties.  You  should  review  the  “Risk  Factors”  section  of  this  prospectus  for  a  discussion  of  important  factors  that  could  cause  actual  results to  differ  materially  from  the  results  described  in  or  implied  by  the  forward-looking  statements  contained  in  the  following  discussion and analysis.

We  qualify  as  an  “emerging  growth  company”  under  the  JOBS  Act.  As  a  result,  we  are  permitted  to,  and  intend  to,  rely  on  exemptions  from  certain  disclosure  requirements.  For  so  long  as  we  are  an  emerging  growth  company,  we  will not be required to:

·Have  an auditor report on our internal controls over financial  reporting pursuant to Section 404(b) of the  Sarbanes-Oxley Act;

·Provide  an auditor attestation with respect to management’s report on  the effectiveness of our internal controls  over  financial reporting;

·Comply  with any requirement that may be adopted by the  Public Company Accounting Oversight Board  regarding mandatory audit firm rotation or a supplement  to the auditor’s report providing  additional  information about the audit and the  financial statements (i.e., an auditor discussion and analysis);

·Submit  certain executive compensation matters to shareholder advisory  votes, such as “say-on-pay” and “say-on-frequency;” and

·Disclose  certain executive compensation related items  such as the correlation between  executive compensation  and performance and comparisons of the CEO’s  compensation to median employee  compensation.

In  addition,  Section  107  of  the  JOBS  Act  also  provides  that  an  emerging  growth  company  can  take  advantage  of  the  extended  transition  period  provided  in  Section  7(a)(2)(B)  of  the  Securities  Act  for  complying  with  new  or revised  accounting  standards.  In  other  words,  an  emerging  growth  company  can  delay  the  adoption  of  certain  accounting  standards  until  those  standards  would  otherwise  apply  to  private  companies.  We  have  elected  to  take  advantage  of  the  benefits  of  this  extended  transition  period.  Our  financial  statements  may  therefore  not  be comparable  to those of companies that comply with such new or  revised accounting standards.

We  will  remain  an  “emerging  growth  company”  for  up  to  five  years,  or  until  the  earliest  of  (i)  the  last  day  of  the  first  fiscal  year  in  which  our  total  annual  gross  revenues  exceed  $1  billion,  (ii)  the  date  that  we  become  a  “large  accelerated  filer”  as  defined  in  Rule  12b-2  under  the  Securities  Exchange  Act  of  1934,  which  would  occur  if  the market  value  of  our  ordinary  shares  that  is  held  by  non-affiliates  exceeds  $700  million  as  of  the  last  business  day  of  our  most  recently  completed  second  fiscal  quarter  or  (iii)  the  date  on  which  we  have  issued  more  than  $1 billion  in  non-convertible  debt  during  the  preceding  three  year  period.  Even  if  we  no  longer  qualify  for  the exemptions  for  an  emerging  growth  company,  we  may  still  be,  in  certain  circumstances,  subject  to  scaled  disclosure  requirements  as  a  smaller  reporting  company.  For  example,  smaller  reporting  companies,  like  emerging  growth  companies,  are  not  required  to  provide  a  compensation  discussion  and  analysis  under  Item  402(b)  of Regulation S-K or auditor attestation of internal  controls over financial reporting.

Results of Operations for the three and six months ended December 31, 2017 and 2016:

Revenue and cost of services

 13 

For the three month period ended December 31, 2017 and 2016 the Company generated total revenue of $0 and $9,433 accordingly from providing video services to the customers.Such decrease is due to temporary business suspension.

For the six month period ended December 31, 2017 and 2016 the Company generated total revenue of $2,980 and $13,887 accordingly from providing video services to the customers. Such decrease is due to temporary business suspension.

Operating expenses

Total operating expenses for the three month period ended December 31, 2017 and 2016, were $2,512 and $5,016 accordingly.

Total operating expenses for the six month period ended December 31, 2017 and 2016, were $10,129 and $10,268 accordingly.

Net Loss

The net loss for the three month period ended December 31, 2017 and 2016 was $2,512 and $1,424 accordingly. Increase in net loss is due to business suspend for director personal reasons.

The net loss for the six month period ended December 31, 2017 and 2016 was $7,149 and $2,222 accordingly. Increase in net loss is due to business suspend for director personal reasons.

Liquidity and Capital Resources and Cash Requirements

At December 31, 2017, the Company had cash of $0 ($1,173 as of June 30, 2017). Furthermore, the Company had a working deficit of $3,430 (capital of $623 as of June 30, 2017).

During the six month period ended December 31, 2017, the Company used $2,162 of cash in operating activities due to its net loss and decrease in prepaid rent of $1,380, depreciation of $3,606.  During the six month period ended December 31, 2016, the Company used $10,090 of cash in operating activities due to its net loss and increase in prepaid rent of $5,470, increase in customer deposits of $1,250, increase in studio costs of $4,000 and depreciation of $352.

During the six month period ended December 31, 2017 and 2016 the Company used $510 and $7,817 in investing activities respectively.

During the six month period ended December 31, 2017 and 2016, the Company generated $1,500 and $24,079 cash in financing activities respectively.

Our independent registered public accountant has issued a going concern opinion. This means that there is a substantial doubt that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills.

To meet our needs for cash we are attempting to raise money from selling shares of stock and from selling our video production service. We believe that we will be able to raise enough money through selling shares of stock or through selling our service to continue our proposed operations but we cannot guarantee that once we continue operations we will stay in business after doing so. If we are unable to successfully find customers we may quickly use up the proceeds from the sale of stock and will need to find alternative sources. At the present time, we have not made any arrangements to raise additional cash, other than through the sale of stock.

If we need additional cash and cannot raise it, we will either have to suspend operations until we do raise the cash, or cease operations entirely.

 14 

Limited operating history; need for additional capital

There is no historical financial information about us upon which to base an evaluation of our performance. We have generated $2,980 revenues for the six months December 31, 2017. We cannot guarantee we will be successful in our business operations. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.

We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.

Off-Balance Sheet Arrangements

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

Item 3. Quantitative and Qualitative Disclosures about Market Risk.

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

Item 4. Controls and Procedures.

Disclosure Controls and Procedures

We maintain disclosure controls and procedures, as defined in Rule 13a‐15(e) promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), that are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms 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.

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures as of December 31, 2017. Based on the evaluation of these disclosure controls and procedures, and in light of the material weaknesses found in our internal controls over financial reporting, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were not effective.

Changes in Internal Controls over Financial Reporting

There has been no change in our internal control over financial reporting occurred during our third fiscal quarter 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

We are not currently a party to any legal proceedings, and we are not aware of any pending or potential legal actions.

Item 1A. RISK FACTORS

As a “smaller reporting company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

 15 

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

No unregistered sales of equity securities took place during the six months ended December 31, 2017.

Item 3. DEFAULTS UPON SENIOR SECURITIES

There were no senior securities issued and outstanding during the six months ended December 31, 2017.

Item 4. MINE SAFETY DISCLOSURE

Not applicable to our Company.

Item 5. OTHER INFORMATION

There is no other information required to be disclosed under this item which was not previously disclosed.

Item 6. EXHIBITS

The following exhibits are included as part of this report by reference:

Exhibit No.	Description
31.1	Certification of Chief Executive Officer pursuant to Securities Exchange Act of 1934 Rule 13a-14(a) or 15d-14(a).
32.1	Certifications pursuant to Securities Exchange Act of 1934 Rule 13a-14(b) or 15d-14(b) and 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002.

 16 

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized in Athens, Greece on October 15, 2018.

Battlers Corp.
By:	/s/	Stepan Feodosiadi
	Name:	Stepan Feodosiadi
	Title:	President, Treasurer, Secretary and Director
		(Principal Executive, Financial and Accounting Officer)

 17 

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Stepan Feodosiadi, certify that:

1. I have reviewed this Amendment No 1 to quarterly report on Form 10-Q of  Battlers Corp.;

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 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 we 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 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.
October 15, 2018      By:                 /s/              Stepan Feodosiadi                                             Name:       Stepan Feodosiadi
Title:         President, Treasurer, Secretary and Director                                            (Principal Executive, Financial and Accounting Officer)

EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with  Amendment No. 1 to the Quarterly Report of Battlers Corp. (the “Company”) on Form 10-Q for the quarter ended  December 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Stepan Feodosiadi, Principal Executive, Financial and Accounting Officer of the Company, certify, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.

October 15, 2018              

By:             /s/                 Stepan Feodosiadi

                                             Name:     StepanFeodosiadi

                                        Title:       President, Treasurer, Secretary and Director

                                        (Principal Executive, Financial and Accounting Officer)

XML

Document and Entity Information	6 Months Ended
	Dec. 31, 2017 shares
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Entity Registrant Name	Battlers Corp.
Entity Central Index Key	0001680525
Current Fiscal Year End Date	--06-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	4,945,500

XML

Balance Sheets (Unaudited) - USD ($)	Dec. 31, 2017	Jun. 30, 2017
Current Assets
Cash and cash equivalents Prepaid rent		$ 1,173
Prepaid rent	$ 2,710	4,090
Total Current Assets	2,710	5,263
Equipment, net	12,091	15,187
Total Fixed Assets	12,091	15,187
Total Assets	14,801	20,450
Loan from director	6,140	4,640
Total Current Liabilities	6,140	4,640
Total Liabilities	$ 6,140	$ 4,640
Common stock, par value $0.001; 75,000,000 shares authorized, 4,945,500 and 4,945,500 shares issued and outstanding as of December 31, 2017 and June 30, 2017 accordingly	4,945	4,945
Additional paid in capital	$ 17,882	$ 17,882
Retained deficit	(14,166)	(7,017)
Total Stockholders' Equity	8,661	15,810
Total Liabilities and Stockholders' Equity	$ 14,801	$ 20,450

XML

Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Dec. 31, 2017	Jun. 30, 2017
Statement of Financial Position [Abstract]
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	75,000,000	75,000,000
Common stock shares outstanding	4,945,500	4,945,500

XML

Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
REVENUES	$ 0	$ 9,433	$ 2,980	$ 13,887
Cost of services	0	5,841	0	5,841
Gross Profit	0	3,592	2,980	8,046
General and Administrative Expenses	2,512	5,016	10,129	10,268
TOTAL OPERATING EXPENSES	2,512	5,016	10,129	10,268
NET LOSS FROM OPERATIONS	(2,512)	(1,424)	(7,149)	(2,222)
NET LOSS	$ (2,512)	$ (1,424)	$ (7,149)	$ (2,222)
NET LOSS PER SHARE: BASIC AND DILUTED	$ (0.00)	$ (0.00)	$ (0.00)	$ (0.00)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	4,945,500	4,208,913	4,945,500	4,104,266

XML

Statement of Cash Flows - USD ($)	6 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss for the period	$ (7,149)	$ (2,222)
Depreciation	3,606	352
Studio costs	0	(4,000)
Customer Deposits	0	1,250
Prepaid rent	1,380	(5,470)
CASH FLOWS USED IN OPERATING ACTIVITIES	(2,162)	(10,090)
Purchase of Equipment	(510)	(7,817)
CASH FLOWS USED IN INVESTING ACTIVITIES	(510)	(7,817)
Proceeds from director loan	1,500	1,978
Proceeds from sale of common stock	0	22,101
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES	1,500	24,079
NET DECREASE IN CASH	(1,173)	6,172
Cash, beginning of period	1,173	1,989
Cash, end of period	0	8,161
Interest paid	0	0
Income taxes paid	$ 0	$ 0

XML

- ORGANIZATION AND NATURE OF BUSINESS

6 Months Ended

Dec. 31, 2017

- ORGANIZATION AND NATURE OF BUSINESS [Abstract]

- ORGANIZATION AND NATURE OF BUSINESS

Note 1 - ORGANIZATION AND NATURE OF BUSINESS

Battlers Corp. (“the Company”, “we”, “us” or “our”) was incorporated in the State of Nevada on February 3, 2016. Battlers Corp. is a startup company, which produces videos, advertising shorts for TV and websites, wedding videos, family videos, vacation records reduction and business presentation records for marketing and other needs in Greece. The Company's registered office is located at No.1 Street, Sophora Court, 1/27, Larnaka, Cyprus, 6021.

Our future operations and earnings currently depend on the results of the Company's operations outside the United States. There can be no assurance that the Company will be able to successfully continue to conduct such operations, and a failure to do so would have a material adverse effect on the Company's financial position, results of operations, and cash flows. Also, the success of the Company's operations will be subject to other numerous contingencies, some of which are beyond management's control. These contingencies include general and regional economic conditions, competition, changes in regulations, changes in accounting and taxation standards, inability to achieve our overall long-term goals, and global or regional catastrophic events. Because the Company is dependent on its operations outside of the Unites States for all its revenue, the Company may be subject to various additional political, economic, and other uncertainties.

XML

- GOING CONCERN

6 Months Ended

Dec. 31, 2017

- GOING CONCERN [Abstract]

- GOING CONCERN

Note 2 - GOING CONCERN

The accompanying financial statements have been prepared in conformity with generally accepted accounting principles, which contemplate continuation of the Company as a going concern.  The Company had revenues of $2,980 for the six months ended December 31, 2017.  The Company currently has negative operating cash flows, and has not established a stabilized source of revenues sufficient to cover operating costs over an extended period of time. Therefore, there is substantial doubt about the Company's ability to continue as a going concern. Management anticipates that the Company will be dependent, for the near future, on additional investment capital to fund operating expenses The Company intends to position itself so that it will be able to raise additional funds through the capital markets. In light of management's efforts, there are no assurances that the Company will be successful in this or any of its endeavors or become financially viable and continue as a going concern.

XML

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

6 Months Ended

Dec. 31, 2017

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES [Abstract]

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

Note 3 - SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES

Basis of presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company's yearend is June 30.The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America, including a summary of the Company's significant accounting policies, have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended June 30, 2017, included in our Annual Report on Form 10-K for the year ended June 30, 2017.

Depreciation, Amortization, and Capitalization

The Company records depreciation and amortization using the straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of the Photo camera, big screen TV and other professional equipment is 5 years and the software program is 2 years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income.

7

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Cash and Cash Equivalents

TheCompanyconsidersallhighlyliquidinvestmentswithoriginalmaturitiesofthreemonthsorlessto be cash equivalents. The Company had no cash as of December 31, 2017 and $1,173 as of June 30, 2017.

Fair Value of Financial Instruments

ASC topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company's loan from shareholder approximates its fair value due to their short-term maturity.

Revenue Recognition

The Company recognizes revenue in accordance with ASC topic 605 “Revenue Recognition”. The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

As of December 31, 2017 the Company's revenues were generated from four customers: Focus on Peristeri ES with 14% of total revenue, Pocket MGZ with 28% of total revenue, NTI TEILS MONOPROSOPI EPE - MARKELLOU D. MARIA with 32% of total revenue and SYMEONIDOU EFFIMIA & SIA EE with 26% of total revenue.

As of December 31, 2016 the Company's revenues were generated from three customers: Focus on Peristeri ES with 22% of total revenue, Pocket MGZ with 33% of total revenue, NTI TEILS MONOPROSOPI EPE - MARKELLOU D. MARIA with 45% of total revenue.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of December 31, 2017, there were no potentially dilutive debt or equity instruments issued or outstanding. 

Foreign Currency Translation

The Company's functional and reporting currency is the U.S. dollar, his is why there isn't any other comprehensive income/foreign currency translations. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the statement of operations.

8

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) in May 2014. ASU No. 2014-09 outlines a single, comprehensive revenue recognition model for revenue derived from contracts with customers and it supersedes the most current revenue recognition guidance. This includes current guidance that is industry-specific. Under ASU No. 2014-09, an entity recognizes revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 is effective for annual reporting periods beginning after December 15, 2017. Earlier adoption is permitted as of annual reporting periods beginning after December 15, 2016. The Company is still evaluating the impacts it will have on its current revenue recognition policy.

XML

- LOAN FROM DIRECTOR

6 Months Ended

Dec. 31, 2017

- LOAN FROM DIRECTOR [Abstract]

- LOAN FROM DIRECTOR

Note 4 - LOAN FROM DIRECTOR

For the six months ended December 31, 2017, our sole director has loaned to the Company $1,500. This loan is unsecured, non-interest bearing and due on demand. The balance due to the director was $6,140 and $4,640 as of December 31, 2017 and June 30, 2017, respectively.

XML

- FIXED ASSETS	6 Months Ended
	Dec. 31, 2017
- FIXED ASSETS [Abstract]
- FIXED ASSETS	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><i><font lang="EN-US" style="font-family:Cambria,serif;font-size:10.0pt;">Note 5 - FIXED ASSETS</font></i></b></p> <div align="left"><table border="0" cellpadding="0" cellspacing="0" width="359" style="border-collapse:collapse;margin-left:5.4pt;width:268.9pt;"> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Cambria,serif;font-size:10.0pt;">Equipment</font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Cost</font></p> </td> <td valign="top" width="11%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">As at June 30, 2016</font></b></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">$</font></b></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">-</font></b></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Additions</font></p> </td> <td valign="top" width="11%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">16,609</font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Disposals</font></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">As at June 30, 2017</font></b></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">$</font></b></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">16,609</font></b></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Additions</font></p> </td> <td valign="top" width="11%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">510</font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Disposals</font></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">-</font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">As at December 31, 2017</font></b></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">$</font></b></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">17,119</font></b></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="11%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Depreciation</font></p> </td> <td valign="top" width="11%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">As at June 30, 2016</font></b></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">$</font></b></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;border-top:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">(-)</font></b></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Change for the period</font></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">(1,422)</font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">As at June 30, 2017</font></b></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">$</font></b></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">(1,422)</font></b></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Change for the period</font></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">(3,606)</font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">As at December 31, 2017</font></b></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">$</font></b></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">(5,028)</font></b></p> </td> </tr> <tr style="height:3.2pt;"> <td valign="top" width="56%" style="height:3.2pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;height:3.2pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;height:3.2pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;"> </font><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> </td> </tr> <tr> <td valign="top" width="56%" style="padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">Net book value</font></b></p> </td> <td valign="top" width="11%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="justify" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">$</font></b></p> </td> <td valign="top" width="33%" style="border-bottom:solid windowtext 1.0pt;padding:0in 5.4pt 0in 5.4pt;"> <p align="right" style="margin:0in;margin-bottom:.0001pt;"><b><font color="black" style="font-family:Cambria,serif;font-size:10.0pt;">12,091</font></b></p> </td> </tr> </table></div> <p align="center" style="margin:0in;margin-bottom:.0001pt;"><b><i><font lang="EN-US" style="font-family:Cambria,serif;font-size:10.0pt;"> </font></i></b><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p> <p align="center" style="margin:0in;margin-bottom:.0001pt;"><b><i><font lang="EN-US" style="font-family:Cambria,serif;font-size:10.0pt;"> </font></i></b><font lang="RU" style="font-family:Times New Roman,serif;font-size:12.0pt;"> </font></p>

XML

- COMMITMENTS AND CONTINGENCIES

6 Months Ended

Dec. 31, 2017

- COMMITMENTS AND CONTINGENCIES [Abstract]

- COMMITMENTS AND CONTINGENCIES

Note 6 - COMMITMENTS AND CONTINGENCIES

The Company has signed a lease agreement for renting an office space, which is located at the following address: Delfon 2, Athens 106 80 Greece. Rent started from September 1, 2016 and terminates on December 31, 2018.  The agreed rental fee is $230 per month. For the six months ended December 31, 2017 the Company has $1,380 expense for rent and the amount of $2,710 is in prepaid rent.

9

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

XML

- COMMON STOCK

6 Months Ended

Dec. 31, 2017

- COMMON STOCK [Abstract]

- COMMON STOCK

Note 7 - COMMON STOCK

The Company has 75,000,000, $0.001 par value shares of common stock authorized.

On July 5, 2016, the Company issued 4,000,000 shares of common stock to a director for cash proceeds of $4,000 at $0.001 per share.

During November 2016, the Company issued 197,500 shares of common stock for cash proceeds of $3,950 at $0.02 per share.

During December 2016, the Company issued 711,500 shares of common stock for cash proceeds of $14,151 at $0.02 per share.

During January 2017, the Company issued 36,500 shares of common stock for cash proceeds of $726 at $0.02 per share.

There were 4,945,500 shares of common stock issued and outstanding as of December 31, 2017.

XML

- INCOME TAXES

6 Months Ended

Dec. 31, 2017

- INCOME TAXES [Abstract]

- INCOME TAXES

Note 8 - INCOME TAXES

The Company adopted the provisions of uncertain tax positions as addressed in ASC 740-10-65-1. As a result of the implementation of ASC 740-10-65-1, the Company recognized no increase in the liability for unrecognized tax benefits.

On December 22, 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted into law including a one-time mandatory transition tax on accumulated foreign earnings and a reduction of the corporate income tax rate to 21% effective January 1, 2018, among others. We are required to recognize the effect of the tax law changes in the period of enactment, such as determining the transition tax, remeasuring our U.S. deferred tax assets and liabilities as well as reassessing the net realizability of our deferred tax assets and liabilities. The Company has foreign earnings and therefore, there may be a transition tax. We have remeasured our U.S. deferred tax assets at a statutory income tax rate of 21%. Since the Tax Act was passed late in the fourth quarter of 2017, and ongoing guidance and accounting interpretation are expected over the next 12 months, we consider the accounting of any transition tax, deferred tax re-measurements, and other items to be incomplete due to the forthcoming guidance and our ongoing analysis of final year-end data and tax positions. We expect to complete our analysis within the measurement period in accordance with SAB 118.

As of December 31, 2017 the Company had net operating loss carry forwards of approximately $14,166 that may be available to reduce future years' taxable income in varying amounts through 2036. Future tax benefits which may arise as a result of these losses have not been recognized in these financial statements, as their realization is determined not likely to occur and accordingly, the Company has recorded a valuation allowance for the deferred tax asset relating to these tax loss carry-forwards.

The valuation allowance at December 31, 2017 was approximately $2,975. The net change in valuation allowance during the six months ended December 31, 2017 was $589 with $1,843 of the change related to new enacted tax rates. In assessing the reliability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred income tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. The Company recognizes interest and penalties related to unrecognized tax benefits in operating expenses.  The Company has not recognized any interest and penalties in 2017 and 2016.

10

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Based on consideration of these items, management has determined that enough uncertainty exists relative to the realization of the deferred income tax asset balances to warrant the application of a full valuation allowance as of December 31, 2017.  All tax years since inception remains open for examination by taxing authorities.

The provision for Federal income tax consists of the following: 

		As of December 31, 2017		As of June 30, 2017
Non-current deferred tax assets:
Net operating loss carry forward	$	(2,975	)	(2,386	)
Valuation allowance	$	2,975		2,386
Net deferred tax assets	$	-		-
Actual tax expense (benefit)	$	-		-

The actual tax benefit at the expected rate of 34% differs from the expected tax benefit for the six months ended December 31, 2017 as follows:

		As of December 31, 2017		As of December 31, 2016
Computed "expected" tax expense (benefit)	$	(2,430	)	(755	)
Effect of rate changes on deferred tax assets and valuation allowance		1,843		-
Change in valuation allowance	$	589		755

                                                                                                                            -                                 -

XML

- SUBSEQUENT EVENTS

6 Months Ended

Dec. 31, 2017

- SUBSEQUENT EVENTS [Abstract]

- SUBSEQUENT EVENTS

Note 9 - SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has analyzed its operations subsequent to December 31, 2017 to the date these financial statements were issuedandhas determined that it does not have any material subsequent events to disclose in these financial statements.

XML

Significant Accounting Policies (Policies)

6 Months Ended

Dec. 31, 2017

Significant Accounting Policies (Policies) [Abstract]

Basis of presentation

Basis of presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company's yearend is June 30.The accompanying unaudited condensed financial statements of the Company have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission, or the SEC, including the instructions to Form 10-Q and Regulation S-X. Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles in the United States of America, including a summary of the Company's significant accounting policies, have been condensed or omitted from these statements pursuant to such rules and regulations and, accordingly, they do not include all the information and notes necessary for comprehensive financial statements and should be read in conjunction with our audited financial statements for the year ended June 30, 2017, included in our Annual Report on Form 10-K for the year ended June 30, 2017.

Depreciation, Amortization, and Capitalization

The Company records depreciation and amortization using the straight-line balance method over the estimated useful life of the assets. We estimate that the useful life of the Photo camera, big screen TV and other professional equipment is 5 years and the software program is 2 years. Expenditures for maintenance and repairs are charged to expense as incurred. Additions, major renewals and replacements that increase the property's useful life are capitalized. Property sold or retired, together with the related accumulated depreciation is removed from the appropriate accounts and the resultant gain or loss is included in net income.

7

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Cash and Cash Equivalents

TheCompanyconsidersallhighlyliquidinvestmentswithoriginalmaturitiesofthreemonthsorlessto be cash equivalents. The Company had no cash as of December 31, 2017 and $1,173 as of June 30, 2017.

Fair Value of Financial Instruments

ASC topic 820 "Fair Value Measurements and Disclosures" establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

The carrying value of cash and the Company's loan from shareholder approximates its fair value due to their short-term maturity.

Revenue Recognition

The Company recognizes revenue in accordance with ASC topic 605 “Revenue Recognition”. The Company recognizes revenue when products are fully delivered or services have been provided and collection is reasonably assured.

As of December 31, 2017 the Company's revenues were generated from four customers: Focus on Peristeri ES with 14% of total revenue, Pocket MGZ with 28% of total revenue, NTI TEILS MONOPROSOPI EPE - MARKELLOU D. MARIA with 32% of total revenue and SYMEONIDOU EFFIMIA & SIA EE with 26% of total revenue.

As of December 31, 2016 the Company's revenues were generated from three customers: Focus on Peristeri ES with 22% of total revenue, Pocket MGZ with 33% of total revenue, NTI TEILS MONOPROSOPI EPE - MARKELLOU D. MARIA with 45% of total revenue.

Basic Income (Loss) Per Share

The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period.  Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of December 31, 2017, there were no potentially dilutive debt or equity instruments issued or outstanding. 

Foreign Currency Translation

The Company's functional and reporting currency is the U.S. dollar, his is why there isn't any other comprehensive income/foreign currency translations. Transactions may occur in foreign currencies and management has adopted ASC 830, “Foreign Currency Translation Matters”. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate revenues and expenses. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the statement of operations.

8

BATTLERS CORP.

Notes to the financial statements

DECEMBER 31, 2017

(Unaudited)

Recent Accounting Pronouncements

We have reviewed all the recently issued, but not yet effective, accounting pronouncements and we do not believe any of these pronouncements will have a material impact on the Company.

The Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) in May 2014. ASU No. 2014-09 outlines a single, comprehensive revenue recognition model for revenue derived from contracts with customers and it supersedes the most current revenue recognition guidance. This includes current guidance that is industry-specific. Under ASU No. 2014-09, an entity recognizes revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration for which the entity expects to be entitled in exchange for those goods or services. ASU No. 2014-09 is effective for annual reporting periods beginning after December 15, 2017. Earlier adoption is permitted as of annual reporting periods beginning after December 15, 2016. The Company is still evaluating the impacts it will have on its current revenue recognition policy.

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- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables)

6 Months Ended

Dec. 31, 2017

- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Tables) [Abstract]

These tiers include:

These tiers include:

Level 1:	defined as observable inputs such as quoted prices in active markets;
Level 2:	defined as inputs other than quoted prices in active markets that are either directly or indirectly observable;
Level 3:	defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions.

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- FIXED ASSETS (Tables)

6 Months Ended

Dec. 31, 2017

- FIXED ASSETS (Tables) [Abstract]

- FIXED ASSETS

Note 5 - FIXED ASSETS

		Equipment
Cost
As at June 30, 2016	$	-
Additions		16,609
Disposals		-
As at June 30, 2017	$	16,609
Additions		510
Disposals		-
As at December 31, 2017	$	17,119
Depreciation
As at June 30, 2016	$	(-)
Change for the period		(1,422)
As at June 30, 2017	$	(1,422)
Change for the period		(3,606)
As at December 31, 2017	$	(5,028)
Net book value	$	12,091

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- INCOME TAXES (Tables)

6 Months Ended

Dec. 31, 2017

- INCOME TAXES (Tables) [Abstract]

The provision for Federal income

The provision for Federal income tax consists of the following: 

		As of December 31, 2017		As of June 30, 2017
Non-current deferred tax assets:
Net operating loss carry forward	$	(2,975	)	(2,386	)
Valuation allowance	$	2,975		2,386
Net deferred tax assets	$	-		-
Actual tax expense (benefit)	$	-		-

The actual tax benefit at

The actual tax benefit at the expected rate of 34% differs from the expected tax benefit for the six months ended December 31, 2017 as follows:

		As of December 31, 2017		As of December 31, 2016
Computed "expected" tax expense (benefit)	$	(2,430	)	(755	)
Effect of rate changes on deferred tax assets and valuation allowance		1,843		-
Change in valuation allowance	$	589		755

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- GOING CONCERN (Details Text)	Dec. 31, 2017 USD ($)
- GOING CONCERN [Abstract]
The Company had revenues of $2,980 for the six months ended December 31, 2017	$ 2,980

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- SUMMARY OF SIGNIFCANT ACCOUNTING POLICIES (Details Text)	Dec. 31, 2017 USD ($)
Accounting Policies [Abstract]
We estimate that the useful life of the Photo camera, big screen TV and other professional equipment is 5 years and the software program is 2 years	$ 5
The Company had no cash as of December 31, 2017 and $1,173 as of June 30, 2017.	1,173
As of December 31, 2017 the Company's revenues were generated from four customers: Focus on Peristeri ES with 14% of total revenue, Pocket MGZ with 28% of total revenue, NTI TEILS MONOPROSOPI EPE - MARKELLOU D. MARIA with 32% of total revenue and SYMEONIDOU EFFIMIA & SIA EE with 26% of total revenue.	$ 4

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- LOAN FROM DIRECTOR (Details Text) - USD ($)	Dec. 31, 2017	Jun. 30, 2017
- LOAN FROM DIRECTOR [Abstract]
For the six months ended December 31, 2017, our sole director has loaned to the Company $1,500	$ 1,500
The balance due to the director was $6,140 and $4,640 as of December 31, 2017 and June 30, 2017, respectively.	$ 6,140	$ 4,640

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- FIXED ASSETS (Details 1)	18 Months Ended
	Dec. 31, 2017 USD ($)
Assets [Abstract]
Equipment $ -: Additions	$ 16,609
Equipment $ -: As at June 30, 2017	16,609
Equipment $ -: Additions	510
Equipment $ -: As at December 31, 2017	17,119
Equipment $ -: Change for the period	(1,422)
Equipment $ -: As at June 30, 2017	(1,422)
Equipment $ -: Change for the period	(3,606)
Equipment $ -: As at December 31, 2017	(5,028)
Equipment $ -: Net book value	$ 12,091

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- COMMITMENTS AND CONTINGENCIES (Details Text) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Commitments And Contingencies [Abstract]
The agreed rental fee is $230 per month	$ 230
For the six months ended December 31, 2017 the Company has $1,380 expense for rent and the amount of $2,710 is in prepaid rent.		$ 1,380

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- COMMON STOCK (Details Text) - USD ($)	Dec. 31, 2017	Jan. 31, 2017	Dec. 31, 2016	Nov. 30, 2016	Jul. 05, 2016
- COMMON STOCK [Abstract]
On July 5, 2016, the Company issued 4,000,000 shares of common stock to a director for cash proceeds of $4,000 at $0.001 per share.					$ 4,000
During November 2016, the Company issued 197,500 shares of common stock for cash proceeds of $3,950 at $0.02 per share.				$ 3,950
During December 2016, the Company issued 711,500 shares of common stock for cash proceeds of $14,151 at $0.02 per share.			$ 14,151
During January 2017, the Company issued 36,500 shares of common stock for cash proceeds of $726 at $0.02 per share.		$ 726
There were 4,945,500 shares of common stock issued and outstanding as of December 31, 2017.	$ 4,945,500

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- INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2017	Jun. 30, 2017
Income Taxes [Abstract]
Net operating loss carry forward	$ (2,975)	$ (2,386)
Valuation allowance	2,975	$ 2,386
Net deferred tax assets	0
Actual tax expense (benefit)	$ 0

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- INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Taxes [Abstract]
Computed "expected" tax expense (benefit)	$ (2,430)	$ (755)
Effect of rate changes on deferred tax assets and valuation allowance	1,843
Change in valuation allowance	$ 589	$ 755

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- INCOME TAXES (Details Text) - USD ($)	Dec. 31, 2017	Dec. 22, 2017
Income Taxes [Abstract]
On December 22, 2017, the 2017 Tax Cuts and Jobs Act (the Tax Act) was enacted into law including a one-time mandatory transition tax on accumulated foreign earnings and a reduction of the corporate income tax rate to 21% effective January 1, 2018, among others		$ 21
As of December 31, 2017 the Company had net operating loss carry forwards of approximately $14,166 that may be available to reduce future years' taxable income in varying amounts through 2036	$ 14,166
The valuation allowance at December 31, 2017 was approximately $2,975	2,975
The net change in valuation allowance during the six months ended December 31, 2017 was $589 with $1,843 of the change related to new enacted tax rates	$ 589
The actual tax benefit at the expected rate of 34% differs from the expected tax benefit for the six months ended December 31, 2017 as follows:	34.00%