UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended December 31, 2014

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: 333-170118

LICONT, CORP.

(Exact name of registrant as specified in its charter)

Nevada

(State or other jurisdiction of incorporation or organization)

72-1621890

(I.R.S Employer Identification No.)

316 California Avenue, #89

Reno, Nevada 89509

(Address of principal executive offices) (Zip Code)

919-933-2720

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the issuer was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

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

Large Accelerated Filer ¨	Accelerated Filer ¨
Non-Accelerated Filer ¨ (Do not check if a smaller reporting company)	Smaller Reporting Company x

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, 2014, there were approximately 2,710,000 shares of the registrant’s common stock outstanding.

LICONT CORP.

FORM 10-Q

December 31, 2014

INDEX

	PAGE
PART I - FINANCIAL INFORMATION

Item 1. Financial Statements
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	3
Item 3. Quantitative and Qualitative Disclosures About Market Risk	4
Item 4. Control and Procedures	4

PART II - OTHER INFORMATION

Item 1. Legal Proceedings	5
Item 1A. Risk Factors	5
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	5
Item 3. Defaults Upon Senior Securities	6
Item 4. Mine Safety Disclosures	6
Item 5. Other Information	6
Item 6. Exhibits	6

SIGNATURES	6

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.

LICONT, CORP.

(A Development Stage Enterprise)

Table of Contents

Unaudited

Balance Sheets:

December 31, 2014 and September 30, 2014	F-1

Statements of Operations:

For the three months ended December 31, 2014 and 2013 and for the period from Inception May 2, 2011 to December 31, 2014	F-2

Statements of Cash Flows:

For the three months ended June 30, 2014 and 2013 and for the period from Inception May 2, 2011 to December 31, 2014	F-3

Notes to Financial Statements:

December 31, 2014	F-4

LICONT, CORP.

(A Development Stage Enterprise)

Balance Sheets

	Unaudited			Audited
	December 31,			September 30,
	2014			2014

ASSETS
Current assets:
Cash	$	235		$	42,887

Total current assets		235			42,887


Total assets	$	235		$	42,887

LIABILITIES
Current liabilities:
Accounts payable and accrued expenses	$	78,454		$	23,933
Notes payable		153,200			143,000

Total current liabilities		231,654			166,933

Total liabilities		231,654			166,933

STOCKHOLDERS' DEFICIT
Common stock, $.001 par value, 75,000,000 authorized, 2,710,000 shares issued and outstanding		2,710			2,710
Capital in excess of par value		511,390			511,390
Deficit accumulated during the development stage		(745,519	)		(638,146	)
Total stockholders' equity		(231,419	)		(124,046	)
Total liabilities and stockholders' deficit	$	235		$	42,887

The accompanying notes are an integral part of these statements.

F-1

LICONT, CORP.

(A Development Stage Enterprise)

Statements of Operations

Unaudited

	Three months			Three months
	ended			ended
	December 31,			December 31,
	2014			2013

Revenue	$	-		$	-

Operating expenses
Wages and taxes		(1,911	)		13,633
Consulting		83,000			26,950
Insurance		2,892			-
Professional fees		5,227			11,750
Rent		2,850			1,918
Advertising		-			8,984
Other miscellaneous expenses		1,844			6,705

Total operating expenses		93,902			69,940
(Loss) from operations		(93,902	)		(69,940	)

Interest Expense		(13,471	)		(2,000	)
		(107,373	)		(71,940	)
Provision/(credit) for taxes on income		-			-
Net Income/(loss)	$	(107,373	)	$	(71,940	)

Basic earnings/(loss) per common share	$	(0.04	)	$	(0.03	)

Weighted average number of shares outstanding		2,710,000			2,650,000

The accompanying notes are an integral part of these statements.

F-2

LICONT, CORP.

(A Development Stage Enterprise)

Statements of Cash Flows

Unaudited

	Three months			Three months
	ended			ended
	December 31,			December 31,
	2014			2013

Cash flows from operating activities:
Net income (loss)	$	(107,373	)	$	(71,940	)

Adjustments to reconcile net (loss) to cash provided (used) by developmental stage activities:
Interest expense		3,271
Amortization of note discount		10,200
Change in current assets and liabilities:
Accounts payable and accrued expenses		51,250			2,000
Net cash flows from operating activities		(42,652	)		(69,940	)

Cash flows from investing activities:

Net cash flows from investing activities		-			-

Cash flows from financing activities:
Proceeds from sale of common stock					75,000
Related party transaction					(4,966	)
Net cash flows from financing activities		-			70,034
Net cash flows		(42,652	)		94

Cash and equivalents, beginning of period		42,887			2,162
Cash and equivalents, end of period	$	235		$	2,256

SUPPLEMENTAL DISCLOSURE OF CASH FLOWS FOR:
Interest	$	-		$	-
Income taxes	$	-		$	-
SUPPLEMENTAL DISCLOSURE OF
NON-CASH FINANCING AND INVESTING:
Foregiveness of debt	$	-		$	-

The accompanying notes are an integral part of these statements.

F-3

LICONT, CORP.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO FINANCIAL STATEMENTS

December 31, 2014

Note 1 - Summary of Significant Accounting Policies:

General Organization and Business

Licont, Corp. (“the Company”) was incorporated under the laws of the State of Nevada, U.S. on May 2, 2011. The Company is in the development stage as defined under Accounting Codification Standard, Development Stage Entities (“FASB ASC-915”). The Company has not generated any revenue to date and consequently its operations are subject to all risks inherent in the establishment of a new business.

Licont Corp. is currently developing a multidisciplinary preferred provider network in an attempt to offer contracting auto insurance carriers significant savings in the medical treatment and management of accident patients. Licont Corp. intent is to be a personal injury preferred provider network and is looking to be the first managed medical solution provider specifically tailored to personal injury medical risk management.

In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim period presented have been reflected herein. The results of operations for our interim period are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosures contained in the audited financial statements for the fiscal year ended September 30, 2014, as reported in our annual report on Form 10-K, have been omitted.

The Company is in the development stage as defined under Statement on Financial Accounting Standards Accounting Standards Codification FASB ASC 915-205 "Development-Stage Entities.” The Company has adopted the new provision of FASB ASC 915-275 and is not reporting inception to date activities as previously required.

Basis of presentation

The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America, and pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and reflect all adjustments, consisting of normal recurring adjustments, which management believes are necessary to fairly present the financial position, results of operations and cash flows of the Company for the three months ending December 31, 2014 and 2013 and the year ending September 30, 2014.

Use of estimates

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

Cash and cash equivalents

The Company maintains a cash balance in a non-interest-bearing account that currently does not exceed federally insured limits. For the purpose of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered to be cash equivalents. There were no cash equivalents for the period and year ending December 31, 2014 and September 30, 2014.

Fair value of financial instruments and derivative financial instruments

The Company’s financial instruments include cash, accounts payable, and notes payable. All instruments are accounted for on a historical cost basis, which, due to the short maturity of these financial instruments, approximates fair value at December 31, 2014 and September 30, 2014. The Company did not engage in any transaction involving derivative instruments.

F-4

LICONT, CORP.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO FINANCIAL STATEMENTS

December 31, 2014

Convertible Debentures:

Beneficial Conversion Features – If the conversion features of conventional convertible debt provides for a rate of conversion that is below market value, this feature is characterized as a beneficial conversion feature (“BCF”). A BCF is recorded as a debt discount pursuant to FASB ASC Topic 470-20 “Debt with Conversion and Other Options.” In those circumstances, the convertible debt is recorded net of the discount related to the BCF and the Company amortizes the discount to interest expense over the life of the debt using the effective interest method.

Debt Discount – The Company determines of the convertible debenture should be accounted for as liability or equity under FASB ASC 480, Liabilities – Distinguishing Liabilities from Equity. FASB ASC 480, applies to certain contract involving a company’s own equity, and requires that issuers classify the following freestanding financial instruments as liabilities. Mandatorily redeemable financial instruments, Obligations that require or may require repurchase of the issuer’s equity shares by transferring assets (e.g., written put options and forward purchase contracts), and Certain obligations where at inception the monetary value of the obligation is based solely or predominantly on:

A fixed monetary amount known at inception, for example, a payable settleable with a variable number of the issuer’s equity shares with an issuance date fair value equal to a fixed dollar amount.

Variations in something other than the fair value of the issuer’s equity shares for example, a financial instrument indexed to the S&P 500 and settleable with a variable number of the issuer’s equity shares, or

Variations inversely related to changes in fair value of the issuer’s equity shares, for example, a written put that could be net share settled.

Fair value of financial instruments – The Company has adopted Accounting Standards Codification regarding Disclosure About Derivative Financial Instruments and Fair Value of Financial Instruments. The carrying amounts of cash, accounts payable, accrued expenses, and other current liabilities approximate fair value because of the short maturity of these items. These fair value estimates are subjective in nature and involve uncertainties and matters of significant judgment, and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect these estimates. We do not hold or issue financial instruments for trading purposes, nor do we utilize derivative instruments in the management of foreign exchange, commodity price or interest rate market risks.

The Company does not use derivative financial instruments to hedge exposures to cash-flow, market or foreign-currency risks. However, the Company has issued financial instruments including senior convertible notes payable and freestanding stock purchase warrants with features that are either (i) not afforded equity classification, (ii) embody risks not clearly and closely related to host contracts, or (iii) may be net-cash settled by the counterparty. As required by FASB ASC 815, in certain circumstances, these instruments are required to be carried as derivative liabilities, at fair value, in our financial statements.

Determination of fair value – The Company’s financial instruments consist of convertible notes payable. The Company believes all of the financial instruments’ recorded values approximate their fair values because of their nature and respective durations.

The Company complies with the provisions of FASB ASC 820-10, “Fair Values Measurements and Disclosures.” FASB ASC 820-10 relates to financial assets and financial liabilities. FASB ASC 820-10 defines fair value, establishes a framework for measuring fair value in accounting principles generally accepted in the Unites States of America (GAAP), and expands disclosures about fair value measurements. The provisions of this standard apply to other accounting pronouncements that require or permit fair value measurements and are to be applied prospectively with limited exceptions.

F-5

LICONT, CORP.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO FINANCIAL STATEMENTS

December 31, 2014

FASB ASC 820-10 defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. FASB ASC 820-10 establishes a fair value hierarchy that distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions, about market participant assumptions, that are developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consist of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 and Level 2) and the lowest priority to unobservable inputs (Level 3).

Federal income taxes

Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted FASB Accounting Standards Codification 740.10.05 “Accounting for Income Taxes” as of its inception. Pursuant to FASB Accounting Standards Codification 740.10.05, the Company is required to compute tax asset benefits for net operating losses carried forward. Potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward to future years.

Net income per share of common stock

Net loss per share is provided in accordance with FASB ASC 260-10, “Earnings per Share”. Basic net loss per common share ("EPS") is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted earnings per share is computed by dividing net income by the weighted average shares outstanding, assuming all dilutive potential common shares were issued, unless doing so is anti-dilutive.

Common Stock Registration Expenses

The Company considers incremental costs and expenses related to the registration of equity securities with the SEC, whether by contractual arrangement as of a certain date or by demand, to be unrelated to original issuance transactions. As such, subsequent registration costs and expenses will be reflected in the accompanying financial statements as general and administrative expenses, and are expensed as incurred.

Recently Issued Accounting Pronouncements:

For the period ending December 31, 2014 and year ending September 30, 2014, the Company does not expect any of the recently issued accounting pronouncements to have a material impact on its financial condition or results of operations.

Note 2 - Uncertainty, going concern:

The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs to allow it to continue as a going concern. As of December 31, 2014, the Company had an accumulated deficit of $745,519. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. The Company is contemplating conducting an offering of its debt or equity securities to obtain additional operating capital. The Company is dependent upon its ability, and will continue to attempt, to secure equity and/or debt financing. There are no assurances that the Company will be successful and without sufficient financing it would be unlikely for the Company to continue as a going concern.

F-6

LICONT, CORP.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO FINANCIAL STATEMENTS

December 31, 2014

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

Note 3 – Notes Payable:

On September 20, 2012, The Company entered into a Convertible Promissory Note with Amalfi Coast Capital, Inc. The Company has received $50,000 with a stated rate of 8% and due on April 20, 2013. This note has matured and continues to earn interest at 8%. Amalfi Coast Capital has determined that the stock may go up more than the conversion rate of $3.75 and is satisfied with earning interest until a conversion price is at an acceptable level. The balance of the accrued interest as of December 31, 2014 and September 30, 2014 was $9,604 and $8,582, respectively.

On December 13, 2012, The Company entered into a Convertible Promissory Note with Amalfi Coast Capital, Inc. The Company has received $50,000 with a stated rate of 8% and due on June 13, 2013. This note has matured and continues to earn interest at 8%. Amalfi Coast Capital has determined that the stock may go up more than the conversion rate of $3.75 and is satisfied with earning interest until a conversion price is at an acceptable level. The balance of the accrued interest as of December 31, 2014, 2014 was $8,606 and $7,584 on September 30, 2014.

On February 28, 2014, The Company entered into a Convertible Promissory Note with Amalfi Coast Capital, Inc. The Company has received $60,000 with a stated rate of 8% and due on February 28, 2015. This note has conversion feature that allows the lender to convert this note at a rate of $3.75 per share. The Company has recorded a beneficial conversion feature of $40,800. During the period ending December 31, 2014, the Company has amortized $34,000 of note discount and has accrued $4,494 in interest as of December 31, 2014 and $3,267 at September 31, 2014.

The balance of these notes, net of discount was $153,200 at December 31, 2014 and $143,000 at September 30, 2014.

Note 4 – Cumulative sales of Common Stock:

On May 27, 2011 the Company issued 1,500,000 shares of common stock at a price of $0.001 per share for total cash proceeds of $1,500.

During the year ended September 30, 2011 the Company issued 1,090,000 shares for $21,800 and 2,590,000 shares of common stock issued and outstanding.

During the year ended September 30, 2012 the Company had 2,590,000 shares of common stock issued and outstanding.

On February 26, 2013, The Company issued 50,000 share of common stock at a price of $3.75 per share for total cash proceeds of $187,500.

On October 18, 2013, the Company issued 20,000 shares of common stock at a price of $3.75 per share for total cash proceeds of $75,000.

On April 12, 2014, the Company issued 50,000 shares of common stock at a price of $3.75 per share for total cash proceeds of $187,500.

As of December 31, 2014 and September 30, 2014, The Company had 2,710,000 share of common stock issued and outstanding.

F-7

LICONT, CORP.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO FINANCIAL STATEMENTS

December 31, 2014

Note 5 – Consulting Agreement, Related Party:

The Company had an informal agreement with its officer to pay them a monthly consulting fee of $10,000. The agreement started on January 1, 2013 at $8,500 per month and modified April 1, 2014 to $10,000 per month.

On October 10, 2014, the Company entered into a formal agreement with its officer to pay them a monthly consulting fee of $10,000 and a monthly healthcare allowance of $1,000. The agreement can be terminated without cause by either party. The balance of this agreement was $2,000 at December 31, 2014.

The Company has rewarded its officer with a bonus of $25,000 for the periods ending December 31, 2013 and December 31, 2014. The balance of this accrued bonus was $50,000 at December 31, 2014.

Note 6 - Income Taxes:

The provision (benefit) for income taxes for the years ended September 30, 2014 and 2013 were as follows:

	Year Ended September 30,
	2014			2013

Current Tax Provision:
Federal-
Taxable income	$	-		$	-

Total current tax provision	$	-		$	-

Deferred Tax Provision:
Federal-
Loss carryforwards	$	88,611		$	102,188
Change in valuation allowance		(88,611	)		(102,188	)

Total deferred tax provision	$	-		$	-

The Company had deferred income tax assets as of September 30, 2013 and 2012 were as follows:

	September 30,
	2013			2012

Loss carryforwards	$	201,568		$	112,957
Less - Valuation allowance		(201,568	)		(112,957	)

Total net deferred tax assets	$	-		$	-

The Company provided a valuation allowance equal to the deferred income tax assets for the years ended September 30, 2014 and 2013 because it is not presently known whether future taxable income will be sufficient to utilize the loss carryforwards.

F-8

LICONT, CORP.

(A DEVELOPMENT STAGE ENTERPRISE)

NOTES TO FINANCIAL STATEMENTS

December 31, 2014

As of September 30, 2014 and 2013, the Company had approximately $592,846 and $332,225, respectively, in tax loss carryforwards that can be utilized in future periods to reduce taxable income, and will begin to expire in the year 2037. Due to a change in control (see note 8) the Company may lose its associated tax attributes.

Note 7 – Leases, Related Party:

The company currently leases on a month to month basis space from a related party. The monthly lease amount is $500 per month through June 30, 2014. The lease was modified to $750 per month starting July 1, 2014. The balance of this accrued rent was $0 as of December 31, 2014 and September 30, 2014.

The Company paid $2,250 for the three months ended December 31, 2014 and $1,500 for the three months ended December 31, 2013.

Note 8 – Change of Control:

On October 17, 2014 and amended on December 1, 2014, a Stock Purchase Agreement dated September 30, 2014 was closed under which Trevor Robertson sold 1,400,000 shares of the Company to Nick Canillas for $15,000. The Stock Purchase Agreement contained the customary warranties and terms. This purchase resulted in a change in control of the Company as the shares sold represented 52.6% of the outstanding shares of the Company. The original contract, as amended, contained a promissory note for $40,000. This note was cancelled and the funds were returned to the Company.

Note 9 – Subsequent Events

On October 10, 2014, The Company entered into a payment agreement with its officer that in the case of termination the officer would be paid a daily fee of $750 per day up to a maximum of $10,000 per month. Additionally, if the Company was to terminate the officer, the officer would be entitled to a severance allowance of $50,000.

On January 12, 2015, Trevor Robertson resigned from all officer positions. Effective January 12, 2015, Bonnie Watson was appointed the sole officer of the Company. Those positions include, but not limited to, chief executive officer and chief financial officer.

F-9

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

Overview

We were incorporated under the laws of Nevada on May 2, 2011. From inception until the closing of the Stock Purchase Agreement on August 31, 2012, we sought to develop mobile applications for handheld mobile devices. Prior to August 31, 2012, we had not generated any revenue and our operations were limited to capital formation, organization and development of our business plan. As a result of the change of control, we ceased our prior operations and are now engaging in the administration of a PI-PPO network.

August 31, 2012 Change of Control

On August 31, 2012, the Company underwent a change of control, whereby Trevor Robertson acquired 1,500,000 shares outstanding capital stock of the Company in exchange for $150,000. In connection with such change of control, our prior sole officer and director Andro Gvichiya resigned and Mr. Robertson was appointed as sole officer and director.

October 17, 2014 Change of Control

On October 17, 2014, the Company underwent another change of control, whereby Mr. Robertson sold 1,400,000 shares of Company common stock to Nicholas Canillas.

On January 12, 2015, Mr. Robertson resigned as the Company’s sole officer and director, and Bonnie Watson was appointed sole officer and director.

Plan of Operation

As of December 31, 2014, our plan is to build a regional multi-disciplinary provider network that can contract with personal injury insurance carriers on a local level throughout the United States. We intend to initially offer our network savings on a contracted cost basis with additional opportunities geared towards claims management and review. The initial provider network lease agreement requires minimal infrastructure. Accordingly, we will create an online interactive database of preferred personal injury providers. All claims and processing flow through the insurance carriers’ existing channels with savings coming from contracted provider agreements.

Although we currently do not have any contract with personal injury insurance carriers, we believe it is critical to first establish infrastructure for our provider network before attempting to secure any contracts with personal injury carriers.

We intend to appoint provider relations specialists, either as employees or independent contractors to attract and enter into contracts with insurance carriers. Initially, we will rely on existing relationships, with local hospitals, facilities, physicians chiropractors, and physical therapists to build out the network with advertising in specialty specific journals and publication in addition to direct marketing campaigns.

As of December 31, 2014, Licont is continuing to develop its managed medical solution on both the provider and carrier fronts with growth and development ahead of expectations. Licont’s product has been well received by all parties to date. Our product caters to the $40 billion a year liability claims arena with $20 billion dollar in direct medical payments alone. Moving forward we will require significant additional funding that if raised will allow us to reach our goal of being in revenue by June 2015.

Limited Operating History

We have not previously demonstrated that we will be able to expand our business. We cannot guarantee that the expansion efforts described in this annual report will be successful. Our business is subject to risks inherent in growing an enterprise, including limited capital resources and possible rejection of our renovation services offering.

Our independent auditors have issued a going concern opinion that raises substantial doubt about our ability to continue as a going concern. As reflected in the financial statements in this Form 10-Q, we are a development stage company with limited operations.

Results of Operation

For the three months ended December 31, 2014 and December 31, 2013

Revenue : Revenues for the three months ended December 31, 2014 and 2013 were $0, reflecting no change as the Company is not generating revenue at this time.

Total Operating Expenses : Total operating expenses for the three months ended December 31, 2014 were $107,373, compared with $71,940 in 2013, reflecting an increase of $35,433. The increase from 2013 to 2014 was primarily attributable to an increase in general and administrative expenses.

Loss from Operations : Loss from operations for the quarter ended December 31, 2014 were $93,902 compared with $69,940 in 2013, reflecting an increase $23,962. The increase from 2013 to 2014 was primarily attributable to an increase in general and administrative expenses.

Net loss : Net loss for the quarter ended December 31, 2014 were $107,373 compared with $71,940 in 2013, reflecting an increase $35,343. The net loss is the same as the total operating expenses as the Company has no revenue.

Liquidity and Capital Resources

We anticipate that depending on market conditions and our plan of operations, we may incur operating losses in the foreseeable future. Therefore, our auditors have raised substantial doubt about our ability to continue as a going concern.

As reflected in the accompanying audited financial statements, the Company is in the development stage with limited operations and a working capital deficiency. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company's ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Recent Accounting Pronouncements

See Note 1 to the Notes to the Company’s financial statements.

Off Balance Sheet Transactions

None.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Smaller reporting companies are not required to provide such information.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls

Pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (“Exchange Act”), the Company carried out an evaluation, with the participation of the Company’s management, including the Company’s Chief Executive Officer (“CEO”) and Principal Financial Officer (“PFO”) (the Company’s principal financial and accounting officer), of the effectiveness of the Company’s disclosure controls and procedures (as defined under Rule 13a-15(e) under the Exchange Act) as of the end of the period covered by this report. Based upon that evaluation, the Company’s CEO and PFO concluded that the Company’s disclosure controls and procedures are not effective due to the presence of material weaknesses in internal control over financial reporting.

A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis. Management has identified the following material weaknesses which have caused management to conclude that, as of December 31, 2014, our disclosure controls and procedures were not effective: (i) inadequate segregation of duties and effective risk assessment; and (ii) insufficient written policies and procedures for accounting and financial reporting with respect to the requirements and application of both US GAAP and SEC guidelines.

Remediation Plan to Address the Material Weaknesses in Internal Control over Financial Reporting

Our company plans to take steps to enhance and improve the design of our internal controls over financial reporting. During the period covered by this quarterly report on Form 10-Q, we have not been able to remediate the material weaknesses identified above. To remediate such weaknesses, we plan to implement the following changes during our fiscal year ending September 30, 2015: (i) appoint additional qualified personnel to address inadequate segregation of duties and ineffective risk management; and (ii) adopt sufficient written policies and procedures for accounting and financial reporting. The remediation efforts set out are largely dependent upon our securing additional financing to cover the costs of implementing the changes required. If we are unsuccessful in securing such funds, remediation efforts may be adversely affected in a material manner.

We are unable to remedy our controls related to the inadequate segregation of duties and ineffective risk management until we receive financing to hire additional employees.

Changes in internal control over financial reporting

There have been no changes in our internal control over financial reporting that occurred during the last 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 currently not involved in any litigation that we believe could have a material 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 companies or our subsidiaries’ officers or directors in their capacities as such, in which an adverse decision could have a material adverse effect.

Item 1A. Risk Factors.

Not applicable as a smaller reporting company.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

None.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

None.

Item 6. Exhibits.

Exhibit
Number	Exhibit Title

31.1	Certification of Principal Executive and Financial Officer, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1	Certification of Principal Executive and Financial Officer, pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS *	XBRL Instance Document
101.SCH *	XBRL Taxonomy Schema
101.CAL *	XBRL Taxonomy Calculation Linkbase
101.DEF *	XBRL Taxonomy Definition Linkbase
101.LAB *	XBRL Taxonomy Label Linkbase
101.PRE *	XBRL Taxonomy Presentation Linkbase

In accordance with SEC Release 33-8238, Exhibit 32.1 is being furnished and not filed.

* Furnished herewith. XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

SIGNATURES

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

	LICONT CORP.

Date: February 10, 2015	By:	/s/ Bonnie Watson
		Bonnie Watson
		Chief Executive Officer
		(Principal Executive Officer and Principal Financial Officer)

LICONT, CORP. 10-Q