SEC Info - Ifan Financial, Inc. - ‘10-Q’ for 2/28/14

Ifan Financial, Inc. – ‘10-Q’ for 2/28/14 – ‘R9’

On: Friday, 4/18/14, at 4:51pm ET · For: 2/28/14 · Accession #: 1469709-14-136 · File #: 1-36122

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/18/14 Ifan Financial, Inc. 10-Q 2/28/14 25:785K Gonzalez Elvia/FA

Document/Exhibit Description Pages Size 1: 10-Q Ifan 10-Q 02/28/14 HTML 159K 2: EX-31.1 Certification -- §302 - SOA'02 HTML 15K 3: EX-31.2 Certification -- §302 - SOA'02 HTML 15K 4: EX-32.1 Certification -- §906 - SOA'02 HTML 11K 20: R1 Document and Entity Information HTML 37K 15: R2 Balance Sheets HTML 46K 19: R3 Balance Sheets (Parenthetical) HTML 22K 21: R4 Statements of Operations HTML 38K 23: R5 Statements of Stockholder's Equity (Deficit) HTML 34K 17: R6 Statements of Cash Flows HTML 48K 18: R7 Note 1 - Condensed Financial Statements HTML 14K 14: R8 Note 2 - Summary of Significant Accounting HTML 18K Policies 12: R9 Note 3 - Going Concern HTML 16K 24: R10 Note 4 - Related Party Transactions HTML 16K 22: R11 Note 2 - Summary of Significant Accounting HTML 30K Policies (Policies) 25: XML IDEA XML File -- Filing Summary XML 29K 11: EXCEL IDEA Workbook of Financial Reports XLSX 24K 13: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 48K 10: EX-101.INS XBRL Instance -- ifan-20140228 XML 155K 8: EX-101.CAL XBRL Calculations -- ifan-20140228_cal XML 27K 7: EX-101.DEF XBRL Definitions -- ifan-20140228_def XML 36K 6: EX-101.LAB XBRL Labels -- ifan-20140228_lab XML 154K 5: EX-101.PRE XBRL Presentations -- ifan-20140228_pre XML 112K 9: EX-101.SCH XBRL Schema -- ifan-20140228 XSD 29K 16: ZIP XBRL Zipped Folder -- 0001469709-14-000136-xbrl Zip 19K

Note 3 - Going Concern

6 Months Ended

Feb. 28, 2014

Disclosure Text Block [Abstract]

Note 3 - Going Concern

NOTE 3 - 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 and allow it to continue as a going concern. 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. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. 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. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

- Definition

Disclosure of accounting policy for reporting when there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date). Disclose: (a) pertinent conditions and events giving rise to the assessment of substantial doubt about the entity's ability to continue as a going concern for a reasonable period of time, (b) the possible effects of such conditions and events, (c) management's evaluation of the significance of those conditions and events and any mitigating factors, (d) possible discontinuance of operations, (e) management's plans (including relevant prospective financial information), and (f) information about the recoverability or classification of recorded asset amounts or the amounts or classification of liabilities. If management's plans alleviate the substantial doubt about the entity's ability to continue as a going concern, disclosure of the principal conditions and events that initially raised the substantial doubt about the entity's ability to continue as a going concern would be expected to be considered. Disclose whether operations for the current or prior years generated sufficient cash to cover current obligations, whether waivers were obtained from creditors relating to the company's default under the provisions of debt agreements and possible effects of such conditions and events, such as: whether there is a possible need to obtain additional financing (debt or equity) or to liquidate certain holdings to offset future cash flow deficiencies. Disclose appropriate parent company information when parent is dependent upon remittances from subsidiaries to satisfy its obligations.

+ References+ Details

This ‘10-Q’ Filing

Date

Other Filings

Filed on:

4/18/14

For Period end:

2/28/14

NT 10-Q

List all Filings

Ifan Financial, Inc. – ‘10-Q’ for 2/28/14 – ‘R9’

On: Friday, 4/18/14, at 4:51pm ET · For: 2/28/14 · Accession #: 1469709-14-136 · File #: 1-36122

Previous ‘10-Q’: ‘10-Q’ on 1/14/14 for 11/30/13 · Next: ‘10-Q’ on 7/21/14 for 5/31/14 · Latest: ‘10-Q’ on 7/15/16 for 5/31/16

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R9’ — Note 3 – Going Concern

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Ifan Financial, Inc. – ‘10-Q’ for 2/28/14 – ‘R9’

On: Friday, 4/18/14, at 4:51pm ET · For: 2/28/14 · Accession #: 1469709-14-136 · File #: 1-36122

Previous ‘10-Q’: ‘10-Q’ on 1/14/14 for 11/30/13 · Next: ‘10-Q’ on 7/21/14 for 5/31/14 · Latest: ‘10-Q’ on 7/15/16 for 5/31/16

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R9’ — Note 3 – Going Concern

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents