Lingerie Fighting Championships Files 2023 10-K

TL;DR

LFC filed its 2023 10-K. Nevada-based entertainment company. Check financials.

AI Summary

Lingerie Fighting Championships, Inc. filed its 10-K for the fiscal year ending December 31, 2023. The company, previously known as Cala Energy Corp. and Xodtec LED, Inc., is incorporated in Nevada and operates in the amusement and recreation services sector. Its principal business address is in Las Vegas, Nevada.

Why It Matters

This filing provides a comprehensive overview of the company's financial performance and operational status for the past fiscal year, which is crucial for investors and stakeholders to assess its current standing and future prospects.

Risk Assessment

Risk Level: medium — As a company in the entertainment sector with a history of name changes, its financial stability and growth prospects may carry inherent risks.

Key Numbers

• 0.001 — Stock Price (Indicates a very low stock price at the time of filing.)
• 10000000000 — Total Assets (Represents the total assets of the company.)
• 3896928536 — Total Liabilities (Represents the total liabilities of the company.)
• 3711714036 — Total Equity (Represents the total equity of the company.)

Key Players & Entities

• LINGERIE FIGHTING CHAMPIONSHIPS, INC. (company) — Filer
• CALA ENERGY CORP. (company) — Former Company Name
• XODTEC LED, INC. (company) — Former Company Name
• LAS VEGAS (location) — Business Address City
• NV (location) — Business Address State
• 20231231 (date) — Fiscal Year End
• 20240715 (date) — Filing Date

FAQ

Key Financial Figures

• $0.001 — e Exchange Act: Common stock, par value $0.001 per share Indicate by check mark if t

Filing Documents

• boty_10k.htm (10-K) — 787KB
• boty_ex103.htm (EX-10.3) — 69KB
• boty_ex104.htm (EX-10.4) — 139KB
• boty_ex105.htm (EX-10.5) — 118KB
• boty_ex107.htm (EX-10.7) — 67KB
• boty_ex109.htm (EX-10.9) — 151KB
• boty_ex311.htm (EX-31.1) — 11KB
• boty_ex321.htm (EX-32.1) — 5KB
• boty_ex104img1.gif (GRAPHIC) — 1KB
• boty_10kimg4.jpg (GRAPHIC) — 4KB
• boty_10kimg2.jpg (GRAPHIC) — 7KB
• boty_ex104img9.jpg (GRAPHIC) — 1KB
• boty_ex104img8.jpg (GRAPHIC) — 1KB
• boty_ex105img1.gif (GRAPHIC) — 1KB
• 0001640334-24-001113.txt ( ) — 4692KB
• boty-20231231.xsd (EX-101.SCH) — 38KB
• boty-20231231_lab.xml (EX-101.LAB) — 226KB
• boty-20231231_cal.xml (EX-101.CAL) — 33KB
• boty-20231231_pre.xml (EX-101.PRE) — 191KB
• boty-20231231_def.xml (EX-101.DEF) — 97KB
• boty_10k_htm.xml (XML) — 560KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 9 Item 1B. Unresolved Staff Comments 9 Item 2.

Properties

Properties 9 Item 3.

Legal Proceedings

Legal Proceedings 9 Item 4. Mine Safety Disclosures 9 PART II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 10 Item 6. [Reserved] 11 Item 7.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 11 Item 7A.

Quantitative and Qualitative Disclosures About Market Risks

Quantitative and Qualitative Disclosures About Market Risks 13 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data F-1 Item 9. Changes In and Disagreements with Accountants on Accounting and Financial Disclosure 14 Item 9A.

Controls and Procedures

Controls and Procedures 14 Item 9B Other Information 15 PART III. Item 10. Directors, Executive Officers and Corporate Governance 16 Item 11.

Executive Compensation

Executive Compensation 18 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 18 Item 13. Certain Relationships and Related Transactions and Director Independence 20 Item 14. Principal Accounting Fees and Services 20 Item 15. Other Information 21 PART IV. Item 16. Exhibits, Financial Statement Schedules 23 2 Table of Contents

FORWARD LOOKING STATEMENTS

FORWARD LOOKING STATEMENTS This annual report on Form 10-K contains forward-looking statements regarding our business, financial condition, results of operations and prospects. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements, but are not deemed to represent an all-inclusive means of identifying forward-looking statements as denoted in this annual report on Form 10-K. Additionally, statements concerning future matters are forward-looking statements. Although forward-looking statements in this annual report on Form 10-K reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by us. Consequently, forward- looking statements are inherently subject to risks and uncertainties and actual results and outcomes may differ materially from the results and outcomes discussed in or anticipated by the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, without limitation, those specifically addressed under the headings "Risks Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in this Form 10-K. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this Annual Report on Form 10-K. We file reports with the SEC. The SEC maintains a website (www.sec.gov) that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC, including us. You can also read and copy any materials we file with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington, DC 20549. You can obtain additional information about the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. We undertake no obligation to revi

BUSINESS

ITEM 1. BUSINESS As used in this Annual Report, "we," "us," "our," "LFC," "Company" or "our Company" refers to Lingerie Fighting Championships, Inc. History We were incorporated in Nevada on November 29, 2006 under the name Sparking Events, Inc., and on September 16, 2013 our corporate name was changed to Cala Energy Corp., (formally, Xodtec LED, Inc.) under which we were engaged in the business of offering services, such as enhanced oil recovery and material supplies, to gas and oil fields predominantly located in Southeast Asia. We were not successful in our efforts and discontinued this line of business. On March 31, 2015, the Company, pursuant to a share exchange agreement (the "Share Exchange Agreement"), among the Company, Lingerie Fighting Championships, Inc. ("LFC"), and the holders of all of the outstanding common stock and convertible notes of LFC exchanged their common stock and convertible notes of LFC for a total of 16,750,000 shares of common stock, which represented 84.70% of the Company's common stock after giving effect to the issuance of the shares pursuant to the Share Exchange Agreement and the shares of common stock issued in the private placement described in the following paragraph. The issuance of the 16,750,000 shares of common stock to the former holders of LFC's common stock and convertible notes in exchange for the capital stock of LFC is referred to as the reverse acquisition transaction. The sole director and chief executive officer of LFC became a director and the chief executive officer of the Company. As a result of the reverse acquisition, the Company's business has become the business of LFC. As a result of the reverse acquisition with LFC, we ceased to be a shell company on March 31, 2015. Effective as of April 1, 2015, we changed our name to "Lingerie Fighting Championships, Inc." a name which more accurately represents our new business. We effected the name change by virtue of a short form merger, pursuant to which LFC

RISK FACTORS

ITEM 1A. RISK FACTORS We are not required to provide this information as we are a smaller reporting company.

UNRESOLVED STAFF COMMENTS

ITEM 1B. UNRESOLVED STAFF COMMENTS Not applicable.

PROPERTIES

ITEM 2. PROPERTIES We do not own or lease any property. Our mailing address is 6955 North Durango, Suite 1115-129, Las Vegas, NV, 89149, telephone (702) 505-0743. Our website is www.LFCfights.com.

LEGAL PROCEEDINGS

ITEM 3. LEGAL PROCEEDINGS Other than described below, we are not currently involved in any litigation that we believe could have a materially adverse effect on our financial condition or results of operations. There is no action, suit, proceeding, inquiry or investigation before or by any court, public board, government agency, self-regulatory organization or body pending or, to the knowledge of the executive officers of our Company or any of our subsidiaries, threatened against or affecting our Company, our common stock, any of our subsidiaries or of our Company's or our Company's subsidiaries' officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect. However, from time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm our business.

MINE SAFETY DISCLOSURES

ITEM 4. MINE SAFETY DISCLOSURES Not Applicable. 9 Table of Contents PART II

MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES (a) Market Information. Our common stock trades on the OTC Pink under the symbol BOTY. The former symbol for our common stock was OILL and, after the reverse stock split, OILLD. The symbol was changed to BOTY on April 29, 2015. (b) Holders As of July 06, 2024, we had approximately 251 shareholders of our common stock. Such number of r

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View this 10-K filing on SEC EDGAR