LOUISIANA FOOD Co

CIK:0001500894|SEC Filings

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

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

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