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
Q3
2/29/2016
Q2
11/30/2015
Q1
8/31/2015
Q4
2/28/2015
Q2
11/30/2014
Q1
8/31/2014
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46,24590,381137,84614,70517,941 
Cash and cash equivalent46,24590,381137,84614,70517,941 
Receivables36     
Prepaid expense   8,76146,62046,62056,620
Other undisclosed current assets      30,000
Total current assets:46,28190,381146,60761,32564,56186,620
Noncurrent Assets
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization   2,0022,7943,586 
Long-term investments and receivables 100,000100,000100,000   
Accounts and financing receivable, after allowance for credit loss 100,000100,000100,000   
Intangible asset, including goodwill, after accumulated amortization    4,704,2644,704,264 
Goodwill    4,704,2644,704,264 
Regulated entity, other noncurrent assets   79,121   
Other noncurrent assets8,3076,8115,315675  
Other undisclosed noncurrent assets4,178,7304,472,7474,687,643187,45042,000194,521
Total noncurrent assets:4,287,0374,579,5584,874,0814,895,1834,749,850194,521
TOTAL ASSETS:4,333,3184,669,9395,020,6884,956,5084,814,411281,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:120,48080,54655,015   
Employee-related liabilities   233,163   
Accrued liabilities379,135379,135379,135   
Other undisclosed accounts payable and accrued liabilities(258,655)(298,589)(557,283)   
Debt533,154508,759475,879   
Deferred compensation liability     232,458 
Derivative instruments and hedges, liabilities411,137590,085    
Other liabilities     164,521164,521
Due to related parties400,853354,636282,436226,518259,518146,187
Other undisclosed current liabilities759,027654,932633,685592,03299,209 
Total current liabilities:2,224,6512,188,9581,447,015818,550755,706310,708
Noncurrent Liabilities
Long-term debt and lease obligation805     
Long-term debt, excluding current maturities805     
Total noncurrent liabilities:805     
Total liabilities:2,225,4562,188,9581,447,015818,550755,706310,708
Equity
Equity, attributable to parent2,107,8622,480,9813,573,6734,137,9584,058,705(29,567)
Preferred stock962962962962962900
Common stock89,64688,89684,48783,11179,96079,960
Common stock, value, subscriptions     34,100 
Additional paid in capital6,414,2246,291,9745,948,2135,632,3504,303,422(26,576)
Accumulated deficit(4,396,970)(3,900,851)(2,459,989)(1,578,465)(359,739)(83,851)
Total equity:2,107,8622,480,9813,573,6734,137,9584,058,705(29,567)
TOTAL LIABILITIES AND EQUITY:4,333,3184,669,9395,020,6884,956,5084,814,411281,141

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

5/31/2016
Q3
2/29/2016
Q2
11/30/2015
Q1
8/31/2015
Q4
2/28/2015
Q2
11/30/2014
Q1
8/31/2014
Q4
Revenues36     
Gross profit:36     
Operating expenses(688,535)(1,028,447)(2,311,956)(1,255,086)(275,888)(5,264)
Operating loss:(688,499)(1,028,447)(2,311,956)(1,255,086)(275,888)(5,264)
Interest and debt expense(233,738)(67,328)    
Other undisclosed loss from continuing operations before equity method investments, income taxes   (28,193)   
Income (loss) from continuing operations:(922,237)(1,095,775)(2,340,149)(1,255,086)(275,888)(5,264)
Income (loss) before gain (loss) on sale of properties:(922,237)(1,095,775)(2,340,149)(1,255,086)(275,888)(5,264)
Net income (loss):(922,237)(1,095,775)(2,340,149)(1,255,086)(275,888)(5,264)
Other undisclosed net income (loss) attributable to parent426,118(345,087)545   
Net loss available to common stockholders, diluted:(496,119)(1,440,862)(2,339,604)(1,255,086)(275,888)(5,264)

Comprehensive Income (USD)
Annual | Quarterly

5/31/2016
Q3
2/29/2016
Q2
11/30/2015
Q1
8/31/2015
Q4
2/28/2015
Q2
11/30/2014
Q1
8/31/2014
Q4
Net income (loss):(922,237)(1,095,775)(2,340,149)(1,255,086)(275,888)(5,264)
Comprehensive income (loss):(922,237)(1,095,775)(2,340,149)(1,255,086)(275,888)(5,264)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1,791,959)
Comprehensive income (loss), net of tax, attributable to parent:(922,237)(1,095,775)(2,340,149)(1,255,086)(275,888)(1,797,223)

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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