Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended | |
Mar. 31, 2014 | 15-May-14 | |
Document and Entity Information | ' | ' |
Entity Registrant Name | 'HAN LOGISTICS INC | ' |
Document Type | '10-Q | ' |
Document Period End Date | 31-Mar-14 | ' |
Amendment Flag | 'false | ' |
Entity Central Index Key | '0001132509 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Common Stock, Shares Outstanding | ' | 10,368,500 |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Current Reporting Status | 'Yes | ' |
Entity Voluntary Filers | 'No | ' |
Entity Well-known Seasoned Issuer | 'No | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q1 | ' |
HAN_LOGISTICS_INC_A_Developmen
HAN LOGISTICS, INC. [A Development Stage Company] UNAUDITED CONDENSED BALANCE SHEETS (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
CURRENT ASSETS: | ' | ' |
Cash | $117 | $117 |
Total Current Assets | 117 | 117 |
TOTAL ASSETS | 117 | 117 |
CURRENT LIABILITIES: | ' | ' |
Accounts payable | 208,660 | 208,645 |
Accounts payable-Related party | 8,250 | 8,250 |
Accrued interest | 9,223 | 8,713 |
Accrued interest - Related parties | 77,873 | 74,517 |
Notes payable | 23,000 | 23,000 |
Notes payable - Related parties | 136,929 | 128,104 |
Total Current Liabilities | 463,935 | 451,229 |
STOCKHOLDERS' DEFICIT: | ' | ' |
Preferred stock, Class A Preferred Stock;$.001 par value 175,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Common stock, $.001 par value; 500,000,000 shares authorized; 10,368,500 shares issued and outstanding | 10,369 | 10,369 |
Additional paid-in capital | 110,533 | 110,533 |
Deficit accumulated during the development stage | -584,720 | -572,014 |
Total Stockholders' Deficit | -463,818 | -451,112 |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $117 | $117 |
Han_Logistics_Inc_Balance_Shee
Han Logistics, Inc. Balance Sheet (Parenthetical) (USD $) | Mar. 31, 2014 | Dec. 31, 2013 |
Statement of Financial Position | ' | ' |
Preferred stock authorized | 175,000,000 | 175,000,000 |
Preferred stock par value | $0.00 | $0.00 |
Preferred stock issued | 0 | 0 |
Preferred stock outstanding | 0 | 0 |
Common stock authorized | 500,000,000 | 500,000,000 |
Common stock par value | $0.00 | $0.00 |
Common stock issued | 10,368,500 | 10,368,500 |
Common stock outstanding | 10,368,500 | 10,368,500 |
HAN_LOGISTICS_INC_A_Developmen1
HAN LOGISTICS, INC. [A Development Stage Company] UNAUDITED CONDENSED STATEMENTS OF OPERATIONS For the Three Months Ended March 31, 2014 and 2013 and for the Period from Inception (July 1, 1999) to March 31, 2014 (USD $) | 3 Months Ended | 177 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | |
Income Statement | ' | ' | ' |
Revenues | $0 | $0 | $10,081 |
Revenues - related party | 0 | 0 | 1,926 |
Gross Revenues | 0 | 0 | 12,007 |
Operating Expenses | ' | ' | ' |
Depreciation | 0 | 0 | 1,761 |
General and administrative expenses | 8,840 | 16,180 | 466,578 |
Total Operating Expenses | 8,840 | 16,180 | 468,339 |
Loss from Operations | -8,840 | -16,180 | -456,332 |
Other Income (Expense) | ' | ' | ' |
Interest income | 0 | 0 | 35 |
Interest (expense) | -510 | -510 | -9,223 |
Interest (expense) - related parties | -3,356 | -3,003 | -119,200 |
Total Other Income (Expense) | -3,866 | -3,513 | -128,388 |
Loss before Income Taxes | -12,706 | -19,693 | -584,720 |
Provisions for Income Taxes | 0 | 0 | 0 |
Net Loss | ($12,706) | ($19,693) | ($584,720) |
Net Loss Per Share Basic and Diluted | ($0.01) | ($0.01) | ($0.06) |
Weighted Average Shares Outstanding Basic and Diluted | 10,368,500 | 10,368,500 | 10,201,884 |
HAN_LOGISTICS_INC_A_Developmen2
HAN LOGISTICS, INC. [A Development Stage Company] UNAUDITED CONDENSED STATEMENTS OF CASH FLOWS For the Three Months Ended March 31, 2014 and 2013 and for the Period from Inception (July 1, 1999) to March 31, 2014 (USD $) | 3 Months Ended | 177 Months Ended | |
Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ' | ' | ' |
Net Loss from operations | ($12,706) | ($19,693) | ($584,720) |
Depreciation | 0 | 0 | 1,761 |
Amortization of interest on beneficial conversion | 0 | 0 | 40,600 |
Increase in accounts payable | 15 | 8,905 | 216,910 |
Increase in accrued expenses | 3,866 | 3,513 | 87,096 |
Net cash provided by operating activities | -8,825 | -7,275 | -238,353 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ' | ' | ' |
Purchase of property, plant and equipment | 0 | 0 | -1,761 |
Net cash used in investing activities | 0 | 0 | -1,761 |
CASH FLOWS FROM FINANCING ACTIVITIES: | ' | ' | ' |
Increase in notes payable | 0 | 0 | 23,000 |
Increase in notes payable-Related parties | 8,825 | 7,250 | 136,929 |
Net proceeds from issuance of common stock | 0 | 0 | 80,302 |
Net cash provided by financing activities | 8,825 | 7,250 | 240,231 |
Net Increase (decrease) in cash | 0 | -25 | 117 |
CASH AT BEGINNING PERIOD | 117 | 137 | 0 |
CASH AT END OF PERIOD | 117 | 112 | 117 |
SUPPLEMENTAL CASH FLOW INFORMATION: | ' | ' | ' |
Cash paid for income taxes | 0 | 0 | 0 |
Cash paid for interest expense | $0 | $0 | $0 |
Organization_Consolidation_and
Organization, Consolidation and Presentation of Financial Statements | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Organization, Consolidation and Presentation of Financial Statements | ' |
NOTE A - PRESENTATION | |
The balance sheets of the Company as of March 31, 2014 and December 31, 2013, the related statements of operations for the three months ended March 31, 2014 and 2013 and from the date of inception (July 1, 1999) of the development stage period through March 31, 2014, and the statements of cash flows for the three months ended March 31, 2014 and 2013 and from the date of inception (July 1, 1999) of the development stage period through March 31, 2014, (the financial statements) include all adjustments (consisting of normal recurring adjustments) necessary to summarize fairly the Company's financial position and results of operations. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the results of operations for the full year or any other interim period. The information included in this Form 10-Q should be read in conjunction with Management's Discussion and Analysis and Financial Statements and notes thereto included in the Company's December 31, 2013, Form 10-K. | |
NOTE B - GOING CONCERN | |
The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America, which contemplates continuation of the Company as a going concern. However, the Company has a substantial amount of notes payable and various accounts payable, has not generated any operating revenue, has incurred significant operating losses to date, has a negative cash flow from operations and has working capital and stockholders' deficits, which raises substantial doubt about its ability to continue as a going concern. | |
Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors. We are currently seeking potential assets, property, or business to acquire. | |
There are no assurances that Han Logistics, Inc. will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to Han Logistics, Inc. If adequate working capital is not available Han Logistics, Inc. may be required to curtail its operations. | |
NOTE C – RECENT ACCOUNTING PRONOUNCEMENTS | |
From time to time, new accounting pronouncements are issued by FASB that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption. |
Development_Stage_Company
Development Stage Company | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Development Stage Company | ' |
NOTE D - DEVELOPMENT STAGE COMPANY | |
Han Logistics, Inc. is a development stage company as of July 1, 1999 (Inception). The Company is subject to risks and uncertainties, including new product development, actions of competitors, reliance on the knowledge and skills of its employees to be able to service customers, and availability of sufficient capital and a limited operating history. Accordingly, the Company presents its financial statements in accordance with the accounting principles generally accepted in the United States of America that apply in establishing new operating enterprises. As a development stage enterprise, the Company discloses the deficit accumulated during the development stage and the accumulated statement of operations and cash flows from inception of the development stage to the date on the current balance sheet. Contingencies exist with respect to this matter, the ultimate resolution of which cannot presently be determined. |
Related_Party_Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Related Party Transactions | ' |
NOTE E – RELATED PARTY TRANSACTIONS | |
The Company currently utilizes office space on a rent-free basis from a shareholder. Management deemed the rent-free space to be of nominal value. | |
Shareholders and other related parties had loaned $13,787 to the Company as of December 31, 2004, which is convertible to common stock at a rate of $0.10 per share. The effect of conversion on the loss per share calculation would be anti-dilutive, as the Company incurred losses in each of the periods presented in the financial statements. | |
Shareholders and other related parties loaned $23,800 to the Company during 2005, which is convertible to common stock at a rate of $0.10 per share. The effect of conversion on the loss per share calculation would be anti-dilutive, as the Company incurred losses in each of the periods presented in the financial statements. Additionally, the Company recorded an interest expense of $23,800 for the conversion feature of the loans made during 2005. | |
Shareholders and other related parties loaned $17,100 to the Company during 2007, which is convertible to common stock at a rate of $0.10 per share. The effect of conversion on the loss per share calculation would be anti-dilutive, as the Company incurred losses in each of the periods presented in the financial statements. Additionally, the Company recorded an interest expense of $17,100 for the conversion feature of the loans made during 2007. | |
Shareholders and other related parties loaned $8,700 and $2,500 during 2008 and 2007, respectively, to the Company. These loans are demand notes and carry an interest rate of 24% per annum. | |
Shareholders and other related parties loaned $8,917 during 2009 to the Company. These loans are demand notes and carry an interest rate of 9-18% per annum. | |
Shareholders and other related parties loaned $5,000 during 2010 to the Company. These loans are demand notes and carry an interest rate of 10% per annum. | |
Shareholders and other related parties loaned $15,850 during 2011 to the Company. These loans are demand notes and carry an interest rate of 9% per annum. | |
Shareholders and other related parties loaned $14,500 during 2012 to the Company. This loan is a demand note and carries an interest rate of 9% per annum. | |
Shareholders and other related parties loaned $17,950 during 2013 to the Company. These loans are demand notes and carry an interest rate of 9% per annum. | |
A shareholder loaned $8,825 during the three months ended March 31, 2014 to the Company. This loan is a demand note and carries an interest rate of 9% per annum. | |
The Company recorded an interest expense of $3,356 and $3,003 on the related party notes listed above for the quarter ended March 31, 2014 and 2013, respectively. As of March 31, 2014, the Company owed $77,873 in accrued interest on these notes. |
Note_Payable
Note Payable | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Note Payable | ' |
NOTE F – NOTES PAYABLE | |
An independent party loaned $ 9,700 to the Company on March 12, 2008. The note is unsecured, due upon demand and has an interest rate of 9%. | |
During 2010, an individual loaned $7,300 to the Company. The note is a demand note and carries an interest rate of 9%. The note is unsecured. | |
During 2011, an individual loaned $6,000 to the Company. The note is a demand note and carries an interest rate of 9%. The note is unsecured | |
The Company recorded an interest expense of $510 and $510 on the notes listed above for the quarter ended March 31, 2014 and 2013. As of March 31, 2014, the Company owed $9,223 in accrued interest on these notes. |
Subsequent_Event
Subsequent Event | 3 Months Ended |
Mar. 31, 2014 | |
Notes | ' |
Subsequent Event | ' |
NOTE G – SUBSEQUENT EVENT | |
Subsequent to period end the Company borrowed $4,400 from an officer. The amount is due on demand and has an interest rate of 9%. |
Organization_Consolidation_and1
Organization, Consolidation and Presentation of Financial Statements (Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Policies | ' |
Presentation | ' |
NOTE A - PRESENTATION | |
The balance sheets of the Company as of March 31, 2014 and December 31, 2013, the related statements of operations for the three months ended March 31, 2014 and 2013 and from the date of inception (July 1, 1999) of the development stage period through March 31, 2014, and the statements of cash flows for the three months ended March 31, 2014 and 2013 and from the date of inception (July 1, 1999) of the development stage period through March 31, 2014, (the financial statements) include all adjustments (consisting of normal recurring adjustments) necessary to summarize fairly the Company's financial position and results of operations. The results of operations for the three months ended March 31, 2014 are not necessarily indicative of the results of operations for the full year or any other interim period. The information included in this Form 10-Q should be read in conjunction with Management's Discussion and Analysis and Financial Statements and notes thereto included in the Company's December 31, 2013, Form 10-K. | |
Going Concern | ' |
NOTE B - GOING CONCERN | |
The accompanying financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America, which contemplates continuation of the Company as a going concern. However, the Company has a substantial amount of notes payable and various accounts payable, has not generated any operating revenue, has incurred significant operating losses to date, has a negative cash flow from operations and has working capital and stockholders' deficits, which raises substantial doubt about its ability to continue as a going concern. | |
Management intends to raise additional operating funds through equity and/or debt offerings. However, there can be no assurance management will be successful in its endeavors. We are currently seeking potential assets, property, or business to acquire. | |
There are no assurances that Han Logistics, Inc. will be able to either (1) achieve a level of revenues adequate to generate sufficient cash flow from operations; or (2) obtain additional financing through either private placement, public offerings and/or bank financing necessary to support its working capital requirements. To the extent that funds generated from operations and any private placements, public offerings and/or bank financing are insufficient, the Company will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on terms acceptable to Han Logistics, Inc. If adequate working capital is not available Han Logistics, Inc. may be required to curtail its operations. | |
Recent Accounting Pronouncements | ' |
NOTE C – RECENT ACCOUNTING PRONOUNCEMENTS | |
From time to time, new accounting pronouncements are issued by FASB that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company’s financial statements upon adoption. |
Development_Stage_Company_Poli
Development Stage Company (Policies) | 3 Months Ended |
Mar. 31, 2014 | |
Policies | ' |
Development Stage Company | ' |
NOTE D - DEVELOPMENT STAGE COMPANY | |
Han Logistics, Inc. is a development stage company as of July 1, 1999 (Inception). The Company is subject to risks and uncertainties, including new product development, actions of competitors, reliance on the knowledge and skills of its employees to be able to service customers, and availability of sufficient capital and a limited operating history. Accordingly, the Company presents its financial statements in accordance with the accounting principles generally accepted in the United States of America that apply in establishing new operating enterprises. As a development stage enterprise, the Company discloses the deficit accumulated during the development stage and the accumulated statement of operations and cash flows from inception of the development stage to the date on the current balance sheet. Contingencies exist with respect to this matter, the ultimate resolution of which cannot presently be determined. |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 3 Months Ended | 12 Months Ended | 15 Months Ended | 177 Months Ended | ||||||||||
Jun. 30, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2012 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2009 | Dec. 31, 2008 | Dec. 31, 2007 | Dec. 31, 2005 | Dec. 31, 2004 | Mar. 31, 2014 | Mar. 31, 2014 | |
Details | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2004 related parties loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $13,787 | ' | ' |
Amount per share convertible to common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.10 | $0.10 | $0.10 | ' | ' |
2005 related parties loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,800 | ' | ' | ' |
2005 interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,800 | ' | ' | ' |
2007 related parties loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,100 | ' | ' | ' | ' |
2007 interest expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,100 | ' | ' | ' | ' |
2008 related parties demand loan | ' | ' | ' | ' | ' | ' | ' | ' | 8,700 | ' | ' | ' | ' | ' |
2007 related parties demand loan | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500 | ' | ' | ' | ' |
2007 and 2008 related parties demand loans annual interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | 24.00% | ' | ' | ' | ' |
2009 related parties demand loan | ' | ' | ' | ' | ' | ' | ' | 8,917 | ' | ' | ' | ' | ' | ' |
2009 related parties demand loan annual interest rate minimum | ' | ' | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' |
2009 related parties demand loan annual interest rate maximum | ' | ' | ' | ' | ' | ' | ' | 18.00% | ' | ' | ' | ' | ' | ' |
2010 related parties demand loan | ' | ' | ' | ' | ' | ' | 5,000 | ' | ' | ' | ' | ' | ' | ' |
2010 related parties demand loan annual interest rate | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' |
2011 related parties demand loan | ' | ' | ' | ' | ' | 15,850 | ' | ' | ' | ' | ' | ' | ' | ' |
2011 related parties demand loan annual interest rate | ' | ' | ' | ' | ' | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' |
2012 related parties demand loan | ' | ' | ' | 17,950 | 14,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
2012 related parties demand loan annual interest rate | ' | 9.00% | ' | 9.00% | 9.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in notes payable-Related parties | 4,400 | 8,825 | 7,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 136,929 |
Related parties interest expense | ' | ' | 3,003 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,356 | ' |
Accrued interest - Related parties | ' | $77,873 | ' | $74,517 | ' | ' | ' | ' | ' | ' | ' | ' | $77,873 | $77,873 |
Note_Payable_Details
Note Payable (Details) (USD $) | 3 Months Ended | 12 Months Ended | 177 Months Ended | ||||
Mar. 31, 2014 | Mar. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2010 | Mar. 31, 2014 | Dec. 31, 2013 | Mar. 12, 2008 | |
Details | ' | ' | ' | ' | ' | ' | ' |
Independent party loan | ' | ' | ' | ' | ' | ' | $9,700 |
Independent party loan interest rate | ' | ' | ' | ' | ' | ' | 9.00% |
Individual demand loan | ' | ' | 6,000 | 7,300 | ' | ' | ' |
Individual demand loan interest rate | ' | ' | 9.00% | 9.00% | ' | ' | ' |
Interest (expense) | 510 | 510 | ' | ' | 9,223 | ' | ' |
Accrued interest | $9,223 | ' | ' | ' | $9,223 | $8,713 | ' |
Subsequent_Event_Details
Subsequent Event (Details) (USD $) | 3 Months Ended | 177 Months Ended | ||
Jun. 30, 2014 | Mar. 31, 2014 | Mar. 31, 2013 | Mar. 31, 2014 | |
Details | ' | ' | ' | ' |
Increase in notes payable-Related parties | $4,400 | $8,825 | $7,250 | $136,929 |
Related Party Transaction, Rate | 9.00% | ' | ' | ' |