FIRST LEVEL ENTERTAINMENT GROUP, INC.
CIK:0001503227|SEC Filings
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
May 31, 2017 |
May 31, 2016 |
May 31, 2017 |
May 31, 2016 |
|
| Income Statement [Abstract] | ||||
| Revenues | ||||
| Operating Expenses: | ||||
| General and administrative | 16,589 | 18,475 | 30,718 | 73,033 |
| Total Operating Expenses | 16,589 | 18,475 | 30,718 | 73,033 |
| Operating Loss | (16,589) | (18,475) | (30,718) | (73,033) |
| Other Income (Expense): | ||||
| Total Other Income (Expense) | ||||
| Net Loss before Income Taxes | (16,589) | (18,475) | (30,718) | (73,033) |
| Provision for Income Taxes | ||||
| Net Loss | $ (16,589) | $ (18,475) | $ (30,718) | $ (73,033) |
| Basic and diluted net loss per common share (in dollars per share) | $ 0.00 | $ 0.00 | $ (0.00) | $ (0.00) |
| Basic and diluted weighted average number of common shares outstanding (in shares) | 42,219,990 | 40,000,000 | 42,219,990 | 40,000,000 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) |
9 Months Ended | |
|---|---|---|
May 31, 2017 |
May 31, 2016 |
|
| OPERATING ACTIVITIES: | ||
| Net loss | $ (30,718) | $ (73,033) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Expenses paid by related party on behalf of the company | 11,437 | |
| Changes in operating assets and liabilities: | ||
| Accounts payable and accrued expenses | 22,279 | 1,500 |
| Accrued expense-related party | 8,350 | 60,000 |
| Net cash used in operating activities | (89) | (96) |
| INVESTING ACTIVITIES | ||
| FINANCING ACTIVITIES | ||
| NET CHANGE IN CASH | (89) | (96) |
| CASH BEGINNING BALANCE | 89 | 227 |
| CASH ENDING BALANCE | 131 | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
| Taxes paid | ||
| Interest paid | ||
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) |
May 31, 2017 |
Aug. 31, 2016 |
|---|---|---|
| CURRENT ASSETS: | ||
| Cash and equivalents | $ 89 | |
| Total Current Assets | 89 | |
| Total Assets | 89 | |
| CURRENT LIABILITIES: | ||
| Bank overdraft | 29 | |
| Accrued expenses | 262,500 | 240,250 |
| Advance from related parties | 8,350 | |
| Total Current Liabilities | 270,879 | 240,250 |
| STOCKHOLDERS' DEFICIT: | ||
| Preferred Stock, par value $.001; 10,000,000 shares authorized; no shares issued and outstanding | ||
| Common stock, par value $.001; 500,000,000 shares authorized; 42,219,990 shares issued and outstanding as of May 31, 2017 and August 31, 2016 | 42,220 | 42,220 |
| Additional paid in capital | 2,857,378 | 2,857,378 |
| Accumulated deficit | (3,170,477) | (3,139,759) |
| Total Stockholders' Deficit | (270,879) | (240,161) |
| Total Liabilities and Stockholders' Deficit | $ 89 |