| Document and Entity Information | 3 Months Ended | |
| Mar. 31, 2015 | 19-May-15 | |
| Document and Entity Information | ||
| Entity Registrant Name | HAN LOGISTICS INC | |
| Document Type | 10-Q | |
| Document Period End Date | 31-Mar-15 | |
| Amendment Flag | FALSE | |
| Entity Central Index Key | 1132509 | |
| Current Fiscal Year End Date | -19 | |
| 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 | 2015 | |
| Document Fiscal Period Focus | Q1 |
| HAN LOGISTICS, INC. CONDENSED BALANCE SHEETS (Unaudited) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
| CURRENT ASSETS: | ||
| Cash | $0 | $0 |
| Total Current Assets | 0 | 0 |
| TOTAL ASSETS | 0 | 0 |
| CURRENT LIABILITIES: | ||
| Accounts payable | 0 | 237,707 |
| Accounts payable-Related party | 0 | 8,250 |
| Accrued interest | 0 | 10,783 |
| Accrued interest - Related parties | 0 | 89,506 |
| Amount due to shareholder | 8,000 | 0 |
| Notes payable | 0 | 23,000 |
| Notes payable - Related parties | 0 | 170,529 |
| Total Current Liabilities | 8,000 | 539,775 |
| STOCKHOLDERS' DEFICIT: | ||
| Preferred stock, Class A Preferred Stock; $0.001 par value 175,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
| Common stock, $0.001 par value; 500,000,000 shares authorized;10,368,500 shares issued and outstanding | 10,369 | 10,369 |
| Additional paid-in capital | 413,349 | 110,533 |
| Accumulated deficit | -431,718 | -660,677 |
| Total Stockholders' Deficit | -8,000 | -539,775 |
| TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $0 | $0 |
| Han Logistics, Inc. Balance Sheet (Parenthetical) (USD $) | Mar. 31, 2015 | Dec. 31, 2014 |
| 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. CONDENSED STATEMENTS OF OPERATIONS THREE MONTHS ENDED MARCH 31, 2015 AND 2014 (UNAUDITED) (USD $) | 3 Months Ended | |
| Mar. 31, 2015 | Mar. 31, 2014 | |
| Income Statement | ||
| Revenues | $0 | $0 |
| Gross Revenues | 0 | 0 |
| Operating Expenses | ||
| General and administrative expenses | 8,000 | 8,840 |
| Total Operating Expenses | 8,000 | 8,840 |
| Loss from Operations | -8,000 | -8,840 |
| Other Income (Expense) | ||
| Gain on release of liabilities | 236,959 | 0 |
| Interest (expense) | 0 | -510 |
| Interest (expense) - Related Parties | 0 | -3,356 |
| Total Other Income/(Expense) | 236,959 | -3,866 |
| Income/(Loss) before Income Taxes | 228,959 | -12,706 |
| Provision for Income Taxes | 0 | 0 |
| Net Income/(Loss) | $228,959 | ($12,706) |
| Net Income/(Loss) per Share Basic and Diluted | $0.02 | $0 |
| Weighted Average Shares Outstanding Basic and Diluted | 10,368,500 | 10,368,500 |
| HAN LOGISTICS, INC. CONDENSED STATEMENTS OF CASH FLOWS THREE MONTHS ENDED MARCH 31, 2015 AND 2014 (UNAUDITED) (USD $) | 3 Months Ended | |
| Mar. 31, 2015 | Mar. 31, 2014 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net Income/(Loss) from operations | $228,959 | ($12,706) |
| Release of liabilities gain | -236,959 | 0 |
| Increase in accounts payable | 0 | 15 |
| Increase in accrued expenses | 0 | 3,866 |
| Net cash used in operating activities | -8,000 | -8,825 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Increase in amount due to shareholder | 8,000 | 0 |
| Increase in notes payable-Related parties | 0 | 8,825 |
| Net cash provided by financing activities | 8,000 | 8,825 |
| Net increase (decrease) in cash | 0 | 0 |
| CASH AT BEGINNING PERIOD | 0 | 117 |
| CASH AT END OF PERIOD | 0 | 117 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | ||
| Cash paid for income taxes | 0 | 0 |
| Cash paid for interest expense | $0 | $0 |
| Organization, Consolidation and Presentation of Financial Statements | 3 Months Ended |
| Mar. 31, 2015 | |
| Notes | |
| Organization, Consolidation and Presentation of Financial Statements | |
| NOTE 1 – Organization, History and Business Activity | |
| Han Logistics, Inc. (Company) was founded July 1, 1999 and was organized to engage in the business of namely the development, marketing and delivering of logistical analysis, problem solving and other logistics services and general business services. The Company is currently seeking any business opportunities that may exist. The Company was incorporated under the laws of the State of Nevada. | |
| On February 12, 2015, Michael Vardakis, the then major shareholder, entered into a Stock Purchase Agreement with Kin Hon Chu ("New Majority Shareholder") wherein Mr. Vardakis sold 8,813,225 shares of the Company’s common stock, representing approximately 85% of all issued and outstanding shares. The aggregate purchase price paid was $400,000. | |
| NOTE 2 –Basis of Preparation and Significant Accounting Policies | |
| Basis of Preparation | |
| The condensed balance sheets of the Company as of March 31, 2015, the related condensed statements of operations and the condensed statements of cash flows for the three months ended March 31, 2015 and 2014 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, 2015 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, 2014, Form 10-K. | |
| Significant Accounting Policies | |
| This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. | |
| Concentration of Risk | |
| The Company places its cash with established financial institutions. | |
| Cash and Cash Equivalents | |
| The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. | |
| Fair Value of Financial Instruments | |
| Effective January 1, 2008, the Company adopted FASB ASC 820, Fair Value Measurements, which provides a framework for measuring fair value under GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: | |
| Level 1 – Quoted prices for identical assets and liabilities in active markets; | |
| Level 2 – Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and | |
| Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | |
| The Company designates cash equivalents as Level 1. The total amount of the Company’s investment classified as Level 3 is de minimis. | |
| The fair value of the Company’s debt as of March 31, 2015 approximated fair value at those times. | |
| Fair value of financial instruments: The carrying amounts of financial instruments, including cash, accounts payable, and accrued expenses approximated fair value as of March 31, 2015 because of the relative short term nature of these instruments. | |
| Revenue Recognition | |
| The Company recognizes revenue, in accordance with the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, which states that revenue is generally recognized when it is realized and earned. Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer. See Recent Accounting Pronouncements note below for updates to Revenue Recognition. | |
| Use of Estimates | |
| The preparation of financial statements in conformity with generally accepted accounting principles 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 revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. | |
| Income Taxes | |
| The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheets in accordance with ASC 740, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. | |
| The Company records interest and penalties arising from the underpayment of income taxes in the statement of income under general and administrative expenses. As of March 31, 2015, the Company had no accrued interest or penalties related to uncertain tax positions. The company also did not have any uncertain tax benefits during these years. The tax years 2014, 2013 and 2012 remain open to examination. | |
| Loss per Share | |
| The Company is required to provide basic and dilutive earnings (loss) per common share information. | |
| The basic net loss per common share is computed by dividing the net loss applicable to common stockholders by the weighted average number of common shares outstanding. | |
| Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. | |
| For the three months ended March 31, 2015 and 2014, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. | |
| 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. | |
| Update No. 2014-09 – Revenue from Contracts with Customers (Topic 606) | |
| · Section A – Summary and Amendments That Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs – Contracts with Customers (Subtopic 340-40) | |
| · Section B – Conforming Amendments to Other Topics and Subtopics in the Codification and Status Tables | |
| · Section C – Background Information and Basis for Conclusion | |
| The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: | |
| Step 1: Identify the contract(s) with a customer. | |
| Step 2: Identify the performance obligations in the contract. | |
| Step 3: Determine the transaction price. | |
| Step 4: Allocate the transaction price to the performance obligations in the contract. | |
| Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. | |
| For a public entity, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Due to lack of revenues in the periods presented, the Company believes the amendment no financial effect to its financials upon adoption. | |
| Update No. 2014-10 – Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements to Variable Interest Entities Guidance in Topic 810, Consolidation | |
| The amendments in this Update remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder 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 also clarify that the guidance in Topic 275, Risks and Uncertainties, is applicable to entities that have not commenced planned principal operations. | |
| Finally, the amendments remove paragraph 810-10-15-16. Paragraph 810-10-15-16 states that a development stage entity does not meet the condition in paragraph 810-10-15-14(a) to be a variable interest entity if (1) the entity can demonstrate that the equity invested in the legal entity is sufficient to permit it to finance the activities that it is currently engaged in and (2) the entity’s governing documents and contractual arrangements allow additional equity investments. Under the amendments, all entities within the scope of the Variable Interest Entities Subsections of Subtopic 810-10 are required to evaluate whether the total equity investment at risk is sufficient using the guidance provided in paragraphs 810-10-25-45 through 25-47, which requires both qualitative and quantitative evaluations. Because the term development stage entity is used in paragraph 810-10-15-16, the definition of a development stage entity has been removed from the Master Glossary concurrent with the effective date of the amendment removing paragraph 810-10-15-16. | |
| The amendments related to the elimination of inception-to-date information and the other remaining disclosure of Topic 915 should be applied retrospectively except for the clarification to Topic 275, which shall be applied prospectively. For public business entities, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. The Company adopted this amendment to its financials in the current reporting period. The amendment is strictly presentation of the financial statements of development companies and has no financial effect on the statements presented herein. | |
| NOTE 3 – Financial Condition and Going Concern | |
| The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss of $8,000 (from operations) for the three months ended March 31, 2015. It also sustained operating losses in prior years as well. These factors raise substantial doubt as to its ability to obtain debt and/or equity financing and achieve profitable operations. | |
| 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. Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern. | |
| 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. |
| Common Stock | 3 Months Ended |
| Mar. 31, 2015 | |
| Notes | |
| Common Stock | |
| NOTE 4– Common Stock | |
| On July 1, 1999, the Board of Directors authorized a stock issuance totaling 10,000,000 shares of common stock to an officer of the Company for cash consideration of $27,000, or $0.0027 per share. | |
| During 2005, the Company issued 267,500 shares of common stock under this offering for gross proceeds of $53,500. Against the proceeds of the offering, $20,398 of stock issuance costs was offset against additional paid-in capital. | |
| During 2006, the Company issued 101,000 shares of common stock under this offering for gross proceeds of $20,200. | |
| During 2010, the Company increased the number of authorized, $0.001 par value, common stock from 50,000,000 to 500,000,000 shares. The Company also authorized a new class of preferred stock of 175,000,000 shares, par value $0.001. The Board of Directors may determine the powers, preferences and rights of any series of preferred shares. | |
| On or about June 15, 2011, the Company effected a stock dividend of five for one of our outstanding common stock. The stock dividend was treated as a stock split due to the accumulated deficit. These financial statements have been retroactively adjusted for the stock dividend |
| Related Party Transactions | 3 Months Ended |
| Mar. 31, 2015 | |
| Notes | |
| Related Party Transactions | |
| NOTE 5 – Note Payable from Related Parties | |
| The Company currently utilizes office space on a rent-free basis from a director and shareholder, and shall do so until substantial revenue-producing operations commence. Management deemed the rent-free space to be of no nominal value. | |
| A related party had loaned $13,387 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. | |
| A related party 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. | |
| A related party 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. | |
| As of December 31, 2014 and 2013, the outstanding note payable to a director of $8,700 and $2,500 that available to the Company during 2008 and 2007, respectively, are demand notes and carry an interest rate of 24 % per annum. | |
| As of December 31, 2014 and 2013, the outstanding note payable to a director and other related parties of $8,917 that available to the Company during 2009 are demand notes and carry an interest rate of 9% - 18% per annum. | |
| As of December 31, 2014 and 2013, the outstanding note payable to a director of $5,000 that available to the Company during 2010 are demand notes and carry an interest rate of 9% - 10% per annum. | |
| As of December 31, 2014 and 2013, the outstanding note payable to a director and other related parties loaned $15,850 that available to the Company during 2011 are demand notes and carry an interest rate of 9% per annum. | |
| As of December 31, 2014 and 2013, the outstanding note payable to a director of $14,500 that available to the Company during 2012 are demand notes and carry an interest rate of 9% per annum. | |
| As of December 31, 2014 and 2013, the outstanding note payable to a director of $17,950 that available to the Company during 2013 are demand notes and carry an interest rate of 9% per annum. | |
| During 2014, a director loaned $42,425 to the Company. These loans are demand notes and carry an interest rate of 9% per annum. | |
| The Company recorded an interest expense of $0 and $3,356 on the related party notes listed above for the three months ended March 31, 2015 and 2014. | |
| As of December 31, 2014, total notes payable to the related parties and accrued interests amounted to $260,035 in the aggregate. During the period, the New Majority Shareholder settled $158,075 to the related parties. The remaining outstanding balance of $101,960 was released by the related parties and the amount was credited to statement of operations during the period. |
| Notes Payable | 3 Months Ended |
| Mar. 31, 2015 | |
| Notes | |
| Notes Payable | |
| NOTE 6– Note 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 $0 and $510 on the notes listed above for the three months ended March 31, 2015 and 2014. | |
| As of December 31, 2014, the above notes payable together with accrued interests amounted to $33,783 in aggregate. During the period, the New Majority Shareholder settled $23,000. The remaining outstanding balance of $10,783 was released by the creditors and the amount was credited to statement of operations during the period. |
| Release of Liabilities | 3 Months Ended |
| Mar. 31, 2015 | |
| Notes | |
| Release of Liabilities | NOTE7–Release of liabilities |
| On February 12, 2015, Michael Vardakis entered into a Stock Purchase Agreement with Kin Hon Chu wherein Mr. Vardakis sold 8,813,225 shares of the Company’s common stock, representing approximately 85% of all issued and outstanding shares. Mr. Chu paid $4,406.61 for this control block of shares and also paid off all of the existing liabilities of the Company. Accordingly, certain liabilities of $236,959 in the aggregate, including those notes payable as disclosed in note 4 and note 5, were released by the creditors as a result of the change in ownership. The amount was credited to statement of operations during the period. |
| Organization, Consolidation and Presentation of Financial Statements (Policies) | 3 Months Ended |
| Mar. 31, 2015 | |
| Policies | |
| Organization, History, Business Activity and Significant Accounting Policies | |
| Han Logistics, Inc. (Company) was founded July 1, 1999 and was organized to engage in the business of namely the development, marketing and delivering of logistical analysis, problem solving and other logistics services and general business services. The Company is currently seeking any business opportunities that may exist. The Company was incorporated under the laws of the State of Nevada. | |
| On February 12, 2015, Michael Vardakis, the then major shareholder, entered into a Stock Purchase Agreement with Kin Hon Chu ("New Majority Shareholder") wherein Mr. Vardakis sold 8,813,225 shares of the Company’s common stock, representing approximately 85% of all issued and outstanding shares. The aggregate purchase price paid was $400,000. | |
| NOTE 2 –Basis of Preparation and Significant Accounting Policies | |
| Basis of Preparation | |
| The condensed balance sheets of the Company as of March 31, 2015, the related condensed statements of operations and the condensed statements of cash flows for the three months ended March 31, 2015 and 2014 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, 2015 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, 2014, Form 10-K. | |
| Significant Accounting Policies | |
| This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements. | |
| Concentration of Credit Risk | |
| Concentration of Risk | |
| The Company places its cash with established financial institutions. | |
| Cash and Cash Equivalents | |
| Cash and Cash Equivalents | |
| The Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents. | |
| Fair Value of Financial Instruments | |
| Fair Value of Financial Instruments | |
| Effective January 1, 2008, the Company adopted FASB ASC 820, Fair Value Measurements, which provides a framework for measuring fair value under GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The standard also expands disclosures about instruments measured at fair value and establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: | |
| Level 1 – Quoted prices for identical assets and liabilities in active markets; | |
| Level 2 – Quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets; and | |
| Level 3 – Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. | |
| The Company designates cash equivalents as Level 1. The total amount of the Company’s investment classified as Level 3 is de minimis. | |
| The fair value of the Company’s debt as of March 31, 2015 approximated fair value at those times. | |
| Fair value of financial instruments: The carrying amounts of financial instruments, including cash, accounts payable, and accrued expenses approximated fair value as of March 31, 2015 because of the relative short term nature of these instruments. | |
| Revenue Recognition | |
| Revenue Recognition | |
| The Company recognizes revenue, in accordance with the Securities and Exchange Commission Staff Accounting Bulletin (SAB) number 104, which states that revenue is generally recognized when it is realized and earned. Specifically, the Company recognizes revenue when services are performed and projects are completed and accepted by the customer. See Recent Accounting Pronouncements note below for updates to Revenue Recognition. | |
| Estimates | |
| Use of Estimates | |
| The preparation of financial statements in conformity with generally accepted accounting principles 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 revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. | |
| Income Taxes | |
| Income Taxes | |
| The Company accounts for income taxes under an asset and liability approach. This process involves calculating the temporary and permanent differences between the carrying amounts of the assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The temporary differences result in deferred tax assets and liabilities, which would be recorded on the Company’s balance sheets in accordance with ASC 740, which established financial accounting and reporting standards for the effect of income taxes. The Company must assess the likelihood that its deferred tax assets will be recovered from future taxable income and, to the extent the Company believes that recovery is not likely, the Company must establish a valuation allowance. Changes in the Company’s valuation allowance in a period are recorded through the income tax provision on the statements of operations. | |
| The Company records interest and penalties arising from the underpayment of income taxes in the statement of income under general and administrative expenses. As of March 31, 2015, the Company had no accrued interest or penalties related to uncertain tax positions. The company also did not have any uncertain tax benefits during these years. The tax years 2014, 2013 and 2012 remain open to examination. | |
| Income (loss) Per Common Share | |
| Loss per Share | |
| The Company is required to provide basic and dilutive earnings (loss) per common share information. | |
| The basic net loss per common share is computed by dividing the net loss applicable to common stockholders by the weighted average number of common shares outstanding. | |
| Diluted net loss per common share is computed by dividing the net loss applicable to common stockholders, adjusted on an "as if converted" basis, by the weighted average number of common shares outstanding plus potential dilutive securities. | |
| For the three months ended March 31, 2015 and 2014, potential dilutive securities had an anti-dilutive effect and were not included in the calculation of diluted net loss per common share. | |
| Recently Issued Accounting Pronouncements | |
| 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. | |
| Update No. 2014-09 – Revenue from Contracts with Customers (Topic 606) | |
| · Section A – Summary and Amendments That Create Revenue from Contracts with Customers (Topic 606) and Other Assets and Deferred Costs – Contracts with Customers (Subtopic 340-40) | |
| · Section B – Conforming Amendments to Other Topics and Subtopics in the Codification and Status Tables | |
| · Section C – Background Information and Basis for Conclusion | |
| The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: | |
| Step 1: Identify the contract(s) with a customer. | |
| Step 2: Identify the performance obligations in the contract. | |
| Step 3: Determine the transaction price. | |
| Step 4: Allocate the transaction price to the performance obligations in the contract. | |
| Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation. | |
| For a public entity, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Due to lack of revenues in the periods presented, the Company believes the amendment no financial effect to its financials upon adoption. | |
| Update No. 2014-10 – Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements to Variable Interest Entities Guidance in Topic 810, Consolidation | |
| The amendments in this Update remove the definition of a development stage entity from the Master Glossary of the Accounting Standards Codification, thereby removing the financial reporting distinction between development stage entities and other reporting entities from U.S. GAAP. In addition, the amendments eliminate the requirements for development stage entities to (1) present inception-to-date information in the statements of income, cash flows, and shareholder 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 also clarify that the guidance in Topic 275, Risks and Uncertainties, is applicable to entities that have not commenced planned principal operations. | |
| Finally, the amendments remove paragraph 810-10-15-16. Paragraph 810-10-15-16 states that a development stage entity does not meet the condition in paragraph 810-10-15-14(a) to be a variable interest entity if (1) the entity can demonstrate that the equity invested in the legal entity is sufficient to permit it to finance the activities that it is currently engaged in and (2) the entity’s governing documents and contractual arrangements allow additional equity investments. Under the amendments, all entities within the scope of the Variable Interest Entities Subsections of Subtopic 810-10 are required to evaluate whether the total equity investment at risk is sufficient using the guidance provided in paragraphs 810-10-25-45 through 25-47, which requires both qualitative and quantitative evaluations. Because the term development stage entity is used in paragraph 810-10-15-16, the definition of a development stage entity has been removed from the Master Glossary concurrent with the effective date of the amendment removing paragraph 810-10-15-16. | |
| The amendments related to the elimination of inception-to-date information and the other remaining disclosure of Topic 915 should be applied retrospectively except for the clarification to Topic 275, which shall be applied prospectively. For public business entities, those amendments are effective for annual reporting periods beginning after December 15, 2014, and interim periods therein. The Company adopted this amendment to its financials in the current reporting period. The amendment is strictly presentation of the financial statements of development companies and has no financial effect on the statements presented herein. | |
| Financial Condition and Going Concern | |
| NOTE 3 – Financial Condition and Going Concern | |
| The Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company incurred a net loss of $8,000 (from operations) for the three months ended March 31, 2015. It also sustained operating losses in prior years as well. These factors raise substantial doubt as to its ability to obtain debt and/or equity financing and achieve profitable operations. | |
| 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. Ultimately, the Company will need to achieve profitable operations in order to continue as a going concern. | |
| 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. |
| Organization, Consolidation and Presentation of Financial Statements (Details) (USD $) | 3 Months Ended | ||
| Mar. 31, 2015 | Mar. 31, 2014 | Feb. 12, 2015 | |
| Details | |||
| Stock Purchase Agreement Shares | 8,813,225 | ||
| Percent of Issued and Outstanding Shares Purchased | 85.00% | ||
| Stock Purchase Agreement Amount | $400,000 | ||
| Loss from Operations | $8,000 | $8,840 | |
| Common Stock (Details) (USD $) | 6 Months Ended | 12 Months Ended | |||||
| Dec. 31, 1999 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2006 | Dec. 31, 2005 | Mar. 31, 2015 | Dec. 31, 2014 | |
| Details | |||||||
| Stock Issued During Period, Shares, Other | 10,000,000 | ||||||
| Issued stock for cash at inception, value | $27,000 | ||||||
| Price Per Share of July 1999 Issuance | $0.00 | ||||||
| Stock Issued During Period, Shares, New Issues | 101,000 | 267,500 | |||||
| Stock Issued During Period, Value, New Issues | 20,200 | 53,500 | |||||
| Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $20,398 | ||||||
| Common stock par value | $0.00 | $0.00 | $0.00 | ||||
| Old Common Stock Shares Authorized | 50,000,000 | ||||||
| Common stock authorized | 500,000,000 | 500,000,000 | 500,000,000 | ||||
| Preferred stock authorized | 175,000,000 | 175,000,000 | 175,000,000 | ||||
| Preferred stock par value | $0.00 | $0.00 | $0.00 | ||||
| Stockholders' Equity Note, Stock Split | On or about June 15, 2011, the Company effected a stock dividend of five for one of our outstanding common stock. The stock dividend was treated as a stock split due to the accumulated deficit. These financial statements have been retroactively adjusted for the stock dividend | ||||||
| Related Party Transactions (Details) (USD $) | 3 Months Ended | 12 Months Ended | ||||||||||
| Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2014 | 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 | |
| Details | ||||||||||||
| Increase in notes payable-Related parties | $0 | $8,825 | $42,425 | $17,950 | $14,500 | $15,850 | $5,000 | $8,917 | $8,700 | $2,500 | $23,800 | $13,387 |
| Amount per share convertible to common stock | $0.10 | $0.10 | $0.10 | |||||||||
| Adjustments to Additional Paid in Capital, Convertible Debt with Conversion Feature | 17,100 | |||||||||||
| Related Party Transaction, Rate | 9.00% | 9.00% | 9.00% | 9.00% | 24.00% | |||||||
| Related parties demand loan annual interest rate minimum | 9.00% | 9.00% | ||||||||||
| Related parties demand loan annual interest rate maximum | 10.00% | 18.00% | ||||||||||
| Interest expense - related parties | 0 | 3,356 | ||||||||||
| Notes Payable Related Party Amount | 260,035 | |||||||||||
| Related Party Amounts Settled | 158,075 | |||||||||||
| Related Party Amount Released | $101,960 | |||||||||||
| Notes Payable (Details) (USD $) | 3 Months Ended | 12 Months Ended | |||
| Mar. 31, 2015 | Mar. 31, 2014 | Dec. 31, 2011 | Dec. 31, 2010 | Dec. 31, 2008 | |
| Details | |||||
| Increase (Decrease) in Notes Payable, Current | $6,000 | $7,300 | $9,700 | ||
| Accounts Payable, Interest-bearing, Interest Rate | 9.00% | 9.00% | 9.00% | ||
| Interest expense | 0 | 510 | |||
| Total Principle and Interest Notes Payable | 33,783 | ||||
| Note Payable Amount Settled | 23,000 | ||||
| Note Payable Amount Released | $10,783 | ||||
| Release of Liabilities (Details) (USD $) | Mar. 31, 2015 | Feb. 12, 2015 |
| Details | ||
| Stock Purchase Agreement Shares | 8,813,225 | |
| Percent of Issued and Outstanding Shares Purchased | 85.00% | |
| Net Amount Paid For Control Block Shares | $4,406.61 | |
| Total Liabilities Released by Creditors | $236,959 |
