IFAN Financial, Inc . (IFAN) Financial Statements (2026 and earlier)

Company Profile

Business Address 5694 MISSION CENTER ROAD
SAN DIEGO, CA 92108
State of Incorp. NV
Fiscal Year End August 31
Industry (SIC) 239 - Miscellaneous Fabricated Textile Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)
Annual | Quarterly

5/31/2016
MRQ
8/31/2015
8/31/2014
8/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 137,846 1,355
Cash and cash equivalent 137,846 1,355
Prepaid expense 8,76156,620 
Other undisclosed current assets  30,000 
Total current assets: 146,60786,6201,355
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 2,002  
Long-term investments and receivables 100,000  
Accounts and financing receivable, after allowance for credit loss 100,000  
Regulated entity, other noncurrent assets 79,121  
Other noncurrent assets 5,315  
Other undisclosed noncurrent assets 4,687,643194,521 
Total noncurrent assets: 4,874,081194,521 
TOTAL ASSETS: 5,020,688281,1411,355
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 55,015  
Employee-related liabilities 233,163  
Accrued liabilities 379,135  
Other undisclosed accounts payable and accrued liabilities (557,283)  
Debt 475,879  
Other liabilities  164,521 
Due to related parties 282,436146,187 
Other undisclosed current liabilities 633,685 30,936
Total current liabilities: 1,447,015310,70830,936
Noncurrent Liabilities
Total liabilities: 1,447,015310,70830,936
Equity
Equity, attributable to parent, including: 3,573,673(29,567)(29,581)
Preferred stock 962900 
Common stock 84,48779,9607,336
Additional paid in capital 5,948,213(26,576)5,136
Accumulated deficit (2,459,989)(83,851) 
Other undisclosed equity, attributable to parent   (42,053)
Total equity: 3,573,673(29,567)(29,581)
TOTAL LIABILITIES AND EQUITY: 5,020,688281,1411,355

Income Statement (P&L) (USD)
Annual | Quarterly

5/31/2016
TTM
8/31/2015
8/31/2014
8/31/2013
Operating expenses (2,349,490)(42,798)(19,209)
Operating loss: (2,349,490)(42,798)(19,209)
Interest and debt expense (28,193)  
Loss from continuing operations: (2,377,683)(42,798)(19,209)
Loss before gain (loss) on sale of properties: (2,377,683)(42,798)(19,209)
Net loss: (2,377,683)(42,798)(19,209)
Net income attributable to noncontrolling interest  1,791,959 
Other undisclosed net income (loss) attributable to parent 1,545(1,790,959) 
Net loss available to common stockholders, diluted: (2,376,138)(41,798)(19,209)

Comprehensive Income (USD)
Annual | Quarterly

5/31/2016
TTM
8/31/2015
8/31/2014
8/31/2013
Net loss: (2,377,683)(42,798)(19,209)
Comprehensive loss: (2,377,683)(42,798)(19,209)
Comprehensive loss, net of tax, attributable to noncontrolling interest  (1,791,959) 
Comprehensive loss, net of tax, attributable to parent: (2,377,683)(1,834,757)(19,209)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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