UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

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

For the quarterly period ended December 31, 2014

[ ] TRANSITIONAL 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- 191172

IXIR PRODUCTIONS, INC.

A Nevada Corporation

I.R.S. Employer No. 46-3005857

4 Rue Santeuil, Nantes 44000, France

+33-96-707-7099

Check whether the issuer (1) 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 (or for such shorter period that the registrant 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 is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer [ ]	Accelerated filer [ ]

Non-accelerated filer [ ]	Smaller reporting company [x ]

(Do not check if a smaller reporting company)

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 February 10, 2015, 5,215,000 shares of common stock issued and outstanding.

IXIR PRODUCTIONS, INC.

Table of Contents

PART I – FINANCIAL INFORMATION



ITEM 1.	FINANCIAL STATEMENTS	2


ITEM 2.	MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	11

ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK	13

ITEM 4.	CONTROLS AND PROCEDURES	13

PART II OTHER INFORMATION

ITEM 1.	LEGAL PROCEEDINGS	14

ITEM 1A.	RISK FACTORS

ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	14

ITEM 3.	DEFAULTS UPON SENIOR SECURITIES	14

ITEM 4.	MINE SAFETY DISCLOSURES	14

ITEM 5.	OTHER INFORMATION	14

ITEM 6.	EXHIBITS	14

IXIR PRODUCTIONS, INC.

INDEX TO UNAUDITED FINANCIAL STATEMENTS

DECEMBER 31, 2014

Item 1. Financial Statements


Unaudited Condensed Financial Statements-

Condensed Balance Sheets as of December 31, 2014 (Unaudited) and June 30, 2014			4

Condensed Statements of Operations for the Three and Six Months Ended December 31, 2014 (Unaudited) and 2013			5

Condensed Statements of Cash Flows for the Six Months Ended December 31, 2014 (Unaudited) and 2013			6

Condensed Statements of Stockholders’ Equity For the Period from March 19, 2013 (Inception) to December 31, 2014 (Unaudited)			7

Notes to Condensed Financial Statements (Unaudited)			8

IXIR PRODUCTIONS, INC.
Condensed Balance Sheets

	December 31, 2014			June 30, 2014
	(Unaudited)
ASSETS
Current Assets:
Cash	$	16,365		$	20,865
Loan to related party		2,032			2,032
Total current assets		18,397			22,897
Total assets	$	18,397		$	22,897

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	2,400		$	2,000
Total current liabilities		2,400			2,000

Stockholders' Equity:
Common stock, 75,000,000 shares authorized, par value $0.001,
5,215,000 shares issued and outstanding		5,215			5,215
Additional paid in capital		22,075			22,075
Accumulated deficit		(11,293	)		(6,393	)
Total stockholders' equity		15,997			20,897
Total liabilities and stockholders' equity	$	18,397		$	22,897



The accompanying notes are an integral part of these condensed financial statements.

IXIR PRODUCTIONS, INC.
Condensed Statements of Operations (Unaudited)

	For the Three months Ended December 31, 2014			For the Three months Ended December 31, 2013		For the Six months Ended December 31, 2014			For the Six months Ended December 31, 2013

Revenue	$	—		$	3,244	$	—		$	4,259
Cost of sales, related party		—			2,271		—			2,981
Gross profit		—			973		—			1,278

OPERATING EXPENSES
Audit fees		1,500			—		4,000			2,500
Professional fees		450			—		900			—
Total operating expenses		1,950			—		4,900			2,500

Provision for income taxes		—			—		—			—

Net loss	$	(1,950	)	$	973	$	(4,900	)	$	(1,222	)

Basic and diluted
loss per common share		a			a		a			a

Weighted average number of
common shares outstanding		5,215,000			5,000,000		5,215,000			5,000,000

a = less than $.01 per share


The accompanying notes are an integral part of these condensed financial statements.

IXIR PRODUCTIONS, INC.
Condensed Statement of Stockholders' Equity (Unaudited)

	Common Stock				Additional Paid-in Capital			Accumulated Deficit			Total Stockholders' Equity

Balance at March 19, 2013		—	$	—	$	—		$	—		$	—

Common stock issued for cash ($0.0025)		5,000,000		5,000		7,500			—			12,500

Net loss for the period ended June 30, 2013		—		—		—			(81	)		(81	)

Balance at June 30, 2013		5,000,000	$	5,000	$	7,500		$	(81	)	$	12,419

Common stock issued for cash ($0.10)		215,000		215		21,075			—			21,290

Reclassification of equity issuance costs		—		—		(6,500	)		—			(6,500	)
Net loss for the year ended June 30, 2014		—		—		—			(6,312	)		(6,312	)

Balance at June 30, 2014		5,215,000	$	5,215	$	22,075		$	(6,393	)	$	20,897

Net loss for the six months ended December 31, 2014		—		—		—			(4,900	)		(4,900	)

Balance at December 31, 2014		5,215,000	$	5,215	$	22,075		$	(11,293	)	$	15,997


The accompanying notes are an integral part of these condensed financial statements.

IXIR PRODUCTIONS, INC.
Condensed Statements of Cashflows (Unaudited)

		For the Six months Ended December 31, 2014			For the Six months Ended December 31, 2013

OPERATING ACTIVITIES:
Net loss	$	(4,900	)	$	(1,222	)
Adjustments to reconcile net loss to net cash used
in operating activities:
Increase in accounts payable		400			—

Net cash used in operating activities	$	(4,500	)	$	(1,222	)

FINANCING ACTIVITIES:
Loan to director		—			(1,278	)

Net cash used by financing activities	$	—		$	(1,278	)

Decrease in cash during the period		(4,500	)		(2,500	)

Cash, beginning of the period		20,865			6,000

Cash, end of the period	$	16,365		$	3,500

SUPPLEMENTAL DISCLOSURES OF
CASH FLOW INFORMATION
Cash paid during the period for:
Interest		—			—
Income taxes	$	—		$	—


The accompanying notes are an integral part of these condensed financial statements.

IXIR PRODUCTIONS, INC.

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

December 31, 2014

Note 1. Organization and Basis of Presentation

IXIR Productions, Inc. (“the Company”) was originally incorporated under the laws of the state of Nevada on March 19, 2013. The Company is devoting substantially all of its present efforts to establish a new business. It is considered a development stage company, and has had minimal revenues from operations to date.

Initial operations have included organization and capital formation. The Company is engaged in the business of recruiting rising music artists and providing them with related services such as worldwide digital distribution, production, music videos, Music Press P.R, online marketing and event promotion.

ACCOUNTING BASIS

The accounting and reporting policies of the Company conform to U.S. generally accepted accounting principles applicable to development stage enterprises. The Company has adopted a June 30 fiscal year end.

The accompanying condensed financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments necessary to present the financial position, results of operations and cash flows for the stated periods have been made. Except as described below, these adjustments consist only of normal and recurring adjustments. Certain information and note disclosures normally included in the Company’s annual financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed financial statements should be read in conjunction with a reading of the Company’s financial statements and notes thereto included in the Company’s Form 10-K annual report for year ended June 30, 2014 filed with the Securities and Exchange Commission (SEC) on September 30, 2014. Interim results of operations for the three and six months ended December 31, 2014 are not necessarily indicative of future results for the full year.

Note 2. Summary of Significant Accounting Policies

CASH

The Company’s cash consists of funds deposited with its lawyer into the law firm's trust account.

EARNINGS PER SHARE

The basic earnings (loss) per share is calculated by dividing the Company's net loss by the weighted average number of common shares outstanding during the period. The diluted earnings (loss) per share is calculated by dividing the Company's net loss by the diluted weighted average number of shares outstanding during the period. The diluted weighted average number of shares outstanding is the basic weighted number of shares adjusted for any potentially dilutive debt or equity securities. The Company has not issued any options or warrants or similar securities since inception.

FOREIGN CURRENCY TRANSLATION

The Company has adopted the US dollar as its functional and reporting currency because most of its transactions are denominated in US currency.

FAIR VALUE OF FINANCIAL INSTRUMENTS

The carrying value of the loan to related party and accounts payable approximate fair value due to their short-term nature.

INCOME TAXES

Deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.

The Company accounts for income taxes under the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 740, “Accounting for Income Taxes. It prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result, the Company has applied a more-likely-than-not recognition threshold for all tax uncertainties. The guidance only allows the recognition of those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the various taxing authorities. The Company is subject to taxation in the United States. All of the Company’s tax years since inception remain subject to examination by Federal and state jurisdictions. The Company did not identify any uncertain tax positions.

The Company classifies penalties and interest related to unrecognized tax benefits as income tax expense in the Statements of Operations. As of December 31, 2014, the Company had no accrued interest or penalties.

REVENUE RECOGNITION

The Company recognizes revenue during the period in which services have been provided and collection is reasonably assured.

USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America 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 amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

RECENT ACCOUNTING PRONOUNCEMENTS

On June 10, 2014, the Financial Accounting Standards Board ("FASB") issued update ASU 2014-10, Development Stage Entities (Topic 915). Amongst other things, the amendments in this update removed the definition of development stage entity from Topic 915, thereby removing the distinction between development stage entities and other reporting entities from US GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information on the statements of income, cash flows and shareholders equity, (2) label the financial statements as those of a development stage entity; (3) disclose a description of the development stage activities in which the entity is engaged and (4) disclose in the first year in which the entity is no longer a development stage entity that in prior years it had been in the development stage. The amendments are effective for annual reporting periods beginning after December 31, 2014 and interim reporting periods beginning after December 15, 2015, however entities are permitted to early adopt for any annual or interim reporting period for which the financial statements have yet to be issued. The Company has elected to early adopt these amendments and accordingly have not labeled the financial statements as those of a development stage entity and have not presented inception-to-date information on the respective financial statements.

Note 3. Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates, among other things, the realization of assets and satisfaction of liabilities in the normal course of business. The Company has net losses from the date of incorporation on March 19, 2013 to December 31, 2014 of $11,293. The Company intends to fund its expenditures through equity financing arrangements, which may be insufficient to fund its proposed development expenditures, working capital and other cash requirements through the next twelve months ending December 31, 2015.

The ability of the Company to emerge from the development stage and continue as a going concern is dependent upon the Company's successful efforts to raise sufficient capital for its business plans and then attaining profitable operations. In response to these issues, management has planned the following actions:

- The Company has filed and cleared a Registration Statement with the SEC to raise additional equity funds through a public offering.

- Management is currently formulating plans to recruit rising music artists and to provide with related services such as worldwide digital distribution and production. There can be no assurances, however, that management's expectations of future revenues will be realized.

The company is engaged in the business of recruiting rising music artists and providing them with related services such as worldwide digital distribution, production, music videos, Music Press P.R, online marketing and event promotion.

As of the date of the financial statements, there were no commitments for the additional equity funding. These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Note 4. Stockholder’s Equity

AUTHORIZED

The Company is authorized to issue 75,000,000 shares of $0.001 par value common stock. All common stock shares have equal voting rights, are non-assessable and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company.

ISSUED AND OUTSTANDING

On March 19, 2013 (inception), the Company issued 5,000,000 shares of its common shares to its President, Secretary Treasurer and Director for cash of $.0025 per share or $12,500 in aggregate. See Note 5.

During the period from March 19, 2013 (inception) through June 30, 2013, the Company incurred $6,500 of equity issuance costs, which were reduced to Additional Paid in Capital when the proceeds from the sale of common stock were received during the year ended June 30, 2014.

In April and May 2014, the Company sold 215,000 shares of common stock for $0.10 per share resulting in net proceeds of $21,290.

Note 5. Related Party Transactions

The Company's officer and director is involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.

On March 19, 2013, the Company issued 5,000,000 shares of its common stock to its President, Secretary Treasurer and Director for cash of $12,500. See Note 4.

During the year ended June 30, 2014, the Company advanced its officer and director $2,032. These amounts remain outstanding as of December 31, 2014, are non-interest bearing and due on demand.

All of the Company’s cost of sales totaling $6,375 for the period from inception through December 31, 2014, respectively, has been incurred with the Company’s sole officer

Note 6. Income Taxes

Net deferred tax assets are $0 as of December 31, 2014. Realization of deferred tax assets is dependent upon sufficient future taxable income during the period that deductible temporary differences and carry-forwards are expected to be available to reduce taxable income. As the achievement of required future taxable income is uncertain, the Company recorded a 100% valuation allowance. Management believes it is likely that any deferred tax assets will not be realized. The Company has a net operating loss carry forward of approximately $9,000 which will expire by March 31, 2033.

Note 7. Concentration Risk

During the period from March 19, 2013 (inception) through December 31, 2014, the Company’s revenue were from three customers. During the three and six months ended December 31, 2013, 100% of the company’s revenue was generated from one customer. 100% of the Company’s cost of sales incurred from March 19, 2013 (inception) through December 31, 2014, were with its sole officer and director.

Item 2. Management's Discussion and Analysis or Plan of Operations

As used in this Form 10-Q, references to the “Company,” “IXIR Productions,” “we,” “our” or “us” refer to IXIR Production, Inc. unless the context otherwise indicates.

This Management’s Discussion and Analysis or Plan of Operations should be read in conjunction with the financial statements and the notes thereto included elsewhere in this report and with the Management's Discussion and Analysis or Plan of Operations and the financial statements for the year ended June 30, 2014, and the notes thereto included in our Annual Report on Form 10-K, which was filed on September 30, 2014.

Forward-Looking Statements

This Management’s Discussion and Analysis or Plan of Operations contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates, forecasts and projections about us, our future performance, the industry in which we operate, our beliefs and our management’s assumptions. In addition, other written or oral statements that constitute forward-looking statements may be made by us or on our behalf. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to assess. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements.

For a description of such risks and uncertainties refer to our Registration Statement on Form S-1/A (Registration No. 333-191172) filed with the Securities and Exchange Commission, which became effective on March 21, 2014. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we do not have any intention or obligation to update publicly any forward-looking statements or risk factors included herein, whether as a result of new information, future events, changes in assumptions or otherwise.

Plan of Operation

Our company’s business is focused on providing music artists with all of their music production, recording and distribution needs. We currently have minimal revenue, operating history and no music artists but our sole officer and director, Mr. John Azoulay. Our objectives over the 12-month period following successful completion of our Offering are:

Launch our corporate website

Identify music artists and offer our services

Advertising and marketing of our record label and music artists.

First, we are planning to launch our corporate website with the funds we receive from our Offering, we have budgeted $1,500 for the design of the website and plan to launch within 2-3 months. We have secured a domain name IXIRproductions.com, but do not have a functioning website yet. We intend to use a free open source content-management system based on PHP and MySQL. Our website will list our services to music artists, provide information about our business and showcase music, tours, photos, videos and a portfolio of our music artists. Once are website is fully functional we will immediately look and engage in recruiting music artists to use our services. We have budgeted $4,500 for this task and expect it to be an ongoing task. Our sole officer and director will be responsible for finding and recruiting music artist. We plan to focus on sites like MySpace, Bandcamp, ReverbNation which music artists use as a platform to show off their work to millions of people. We also intend to use social networks such as Facebook to post messages about our services to music artists. We have already created a Facebook page for our Company https://www.facebook.com/IXIRRecording. Once we identify music artist we will offer our one-stop-shop record label services, we will send out marketing materials including our music demos. Our music demos are also available on https://soundcloud.com/john-azoulay. We have budgeted $20,000 to advertise, market and build brand awareness in the public domain. If we are successful in recruiting music artists we have also budgeted $5,000 to hire an event manager consultant, the role of the event manager is to find, schedule and book live events for the music artists.

During the months ended December, 2014 we have produced 3 tracks which are now available for listening on SoundCloud.

Results of Operations

Comparison for the Three Months Ended December 31, 2014 and 2013

Revenues

For the three months ended December 31, 2014 and 2013, we had a revenue of $0 and $3,244. All of the Company’s revenue has been from providing of DJ services, performed by our sole office and director.

Cost of Sales

For the three months ended December 31, 2014 and 2013, Company incurred cost of sales of $0 and $2,271, which was arrived at 70% of the revenue generated.

Operating Expenses

The Company’s operating expenses for the three months ended December 31, 2014 were $1,950 and for the three months ended December 31, 2013 were $0. Operating expenses for the three months ended December 31, 2014 consist of audit fees $1,500 and edgar filing fees $450.

Net Loss

During the three months ended December 31, 2014 and 2013 the Company recognized net profit (loss) of $(1,950) and $973, respectively.

Comparison for the Six Months Ended December 31, 2014 and 2013

Revenues

For the six months ended December 31, 2014 and 2013, we had revenue of $0 and $4,259. All of the Company’s revenue has been from providing of DJ services, performed by our sole office and director.

Cost of Sales

For the six months ended December 31, 2014 and 2013, Company incurred cost of sales of $0 and $2,981, which was arrived at 70% of the revenue generated.

Operating Expenses

The Company’s operating expenses for the six months ended December 31, 2014 were $4,900 and for the six months ended December 31, 2013 were $2,500. Operating expenses for the six months ended December 31, 2014 consist of audit fees $4,000 and edgar filing fees $900. Operating expenses for the six months ended December 31, 2013 consist of audit fees $2,500

Net Loss

During the six months ended December 31, 2014 and 2013 the Company recognized net losses of $4,900 and $1,222 respectively.

Capital Resources and Liquidity

As of December 31, 2014 we had $16,365 in cash and $2,032 due from its sole officer and director.

At December 31, 2014 our Current liabilities were $2,400.

We have no material commitments for the next twelve months. We will however require additional capital to meet our liquidity needs. Currently, the Company has determined that its anticipated cash flow needs should not exceed of $12,000 for the first 6 months.

In order to achieve our stated business plan goals, we will require additional funding. We are a development stage company and have not generated significant revenue to date. We cannot guarantee that we will be able to obtain additional funding.

Even if we are successful in raising additional funding, we will still not be in a position to generate any significant revenues or become profitable. We still must raise significant additional funding to continue with our business. Even if we are successful in raising additional funding we have only budgeted $20,000 for advertising and promotion, which might not be sufficient to build brand awareness in the public domain. We believe we will require an additional $40,000 for advertising and promotion expenses and $30,000 to hire an event manager consultant for a period of 6 months to assist us promote our music artists.

Item 3. Quantitative and Qualitative Disclosure About Market Risks

Not applicable

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

As required by Rule 13a-15/15d-15 under the Securities and Exchange Act of 1934,as amended (the "Exchange Act"), as of December 31, 2012, we have carried out an evaluation of the effectiveness of the design and operation of our Company's disclosure controls and procedures. This evaluation was carried out under the supervision and with the participation of our Company's management, our President (Principal Executive Officer) and Treasurer (Principal Accounting Officer). Based upon the results of that evaluation, our management has concluded that, as of December 31, 2014, our Company's disclosure controls and procedures were not effective and provide reasonable assurance that material information related to our Company required to be disclosed 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 SEC's rules and forms, and that such information is accumulated and communicated to management to allow timely decisions on required disclosure.

Changes in Internal Controls

There have been no changes in the Company's internal control over financial reporting during the last quarterly period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II

OTHER INFORMATION

Item 1. Legal Proceedings

There are no pending legal proceedings to which the Company is a party or in which any director, officer or affiliate of the Company, any owner of record or beneficially of more than 5% of any class of voting securities of the Company, or security holder is a party adverse to the Company or has a material interest adverse to the Company. The Company’s property is not the subject of any pending legal proceedings.

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

None

Item 3. Defaults upon Senior Securities

None.

Item 4. Mine Safety Disclosures

None.

Item 5. Other Information

None.

Item 6. Exhibits

Exhibit
Number		Description

31.1		Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

31.2		Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

32.1		Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this quarterly report on Form 10-Q to be signed on its behalf by the undersigned thereunto duly authorized.


	IXIR PRODUCTION, INC.

Date: February 12, 2015	By:	/s/ John Azoulay
		Name: John Azoulay Title: President, Chief Executive Officer, Treasurer and Director (Principal Executive Officer and Principal Financial and Accounting Officer)
Date: February 12, 2015		By: /s/ John Azoulay
		Name: John Azoulay Title: Secretary and Director

Ixir Productions, Inc. 10-Q