| Document and Entity Information (USD $) | 12 Months Ended | |
| Oct. 31, 2014 | Jan. 29, 2015 | |
| Document And Entity Information | ||
| Entity Registrant Name | AFH Acquisition V, Inc. | |
| Entity Central Index Key | 1420033 | |
| Document Type | 10-K | |
| Document Period End Date | 31-Oct-14 | |
| Amendment Flag | TRUE | |
| Current Fiscal Year End Date | -21 | |
| Entity Well-known Seasoned Issuer | No | |
| Entity Voluntary Filer | No | |
| Entity Current Reporting Status | Yes | |
| Entity Filer Category | Smaller Reporting Company | |
| Entity Public Float | $0 | |
| Entity Common Stock, Shares Outstanding | 5,000,000 | |
| Document Fiscal Period Focus | FY | |
| Document Fiscal Year Focus | 2014 | |
| Amendment Description | No other changes have been made to the Form 10-K. This Amendment No. 1 to the Form 10-K speaks as of the original filing date of the Form 10-K, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or u |
| Balance Sheets (USD $) | Oct. 31, 2014 | Oct. 31, 2013 |
| CURRENT ASSETS | ||
| Cash | ||
| Total Assets | ||
| Current Liabilities | ||
| Accrued Expenses | 3,980 | 3,586 |
| Due to Parent | 33,553 | 27,596 |
| Total Liabilities | 37,533 | 31,182 |
| Stockholder's Deficit | ||
| Preferred Stock: $.001 Par; 20,000,000 Shares Authorized, -0- Issued and Outstanding | ||
| Common Stock: $.001 Par; 100,000,000 Shares Authorized; 5,000,000 Issued and Outstanding | 5,000 | 5,000 |
| Additional Paid-In-Capital | 20,000 | 20,000 |
| Deficit | -62,533 | -56,182 |
| Total Stockholder's Deficit | -37,533 | -31,182 |
| Total Liabilities and Stockholder's Deficit |
| Balance Sheets (Parenthetical) (USD $) | Oct. 31, 2014 | Oct. 31, 2013 |
| Statement of Financial Position [Abstract] | ||
| Preferred Stock, Par Value | $0.00 | $0.00 |
| Preferred Stock, Shares Authorized | 20,000,000 | 20,000,000 |
| Preferred Stock, Shares Issued | 0 | 0 |
| Preferred Stock, Shares Outstanding | 0 | 0 |
| Common Stock, Par Value | $0.00 | $0.00 |
| Common Stock, Shares Authorized | 100,000,000 | 100,000,000 |
| Common Stock, Shares Issued | 5,000,000 | 5,000,000 |
| Common Stock, Shares Outstanding | 5,000,000 | 5,000,000 |
| Statement of Operations (USD $) | 12 Months Ended | |
| Oct. 31, 2014 | Oct. 31, 2013 | |
| Income Statement [Abstract] | ||
| Revenues | ||
| Expenses | ||
| Legal and Professional | 5,951 | 4,686 |
| Total Expenses | 5,951 | 4,686 |
| Net Loss for the Period Before Taxes | -5,951 | -4,686 |
| Franchise Tax | 400 | 400 |
| Net Loss for the Year After Taxes | ($6,351) | ($5,086) |
| Loss per Share - Basic and Diluted | $0 | $0 |
| Weighted Average Common Shares Outstanding | 5,000,000 | 5,000,000 |
| Statements of Changes in Stockholders' Deficit (USD $) | Common Stock | Additional Paid-In Capital | Deficit | Total |
| Beginning Balance, Value at Oct. 31, 2012 | $5,000 | $20,000 | ($51,096) | ($26,096) |
| Beginning Balance, Shares at Oct. 31, 2012 | 5,000,000 | |||
| Net Loss for the Year | -5,086 | -5,086 | ||
| Ending Balance, Value at Oct. 31, 2013 | 5,000 | 20,000 | -56,182 | -31,182 |
| Ending Balance, Shares at Oct. 31, 2013 | 5,000,000 | |||
| Net Loss for the Year | -6,351 | -6,351 | ||
| Ending Balance, Value at Oct. 31, 2014 | $5,000 | $20,000 | ($62,533) | ($37,533) |
| Ending Balance, Shares at Oct. 31, 2014 | 5,000,000 |
| Statement of Cash Flows (USD $) | 12 Months Ended | |
| Oct. 31, 2014 | Oct. 31, 2013 | |
| Cash Flows Provided by (Used in) Operating Activities | ||
| Net Loss for the Year | ($6,351) | ($5,086) |
| Changes in Assets and Liabilities: | ||
| Accrued Expenses | 394 | -858 |
| Net Cash Flows Used in Operating Activities | -5,957 | -5,944 |
| Net Cash Flows from Investing Activities | ||
| Cash Flows from Financing Activities | ||
| Cash Advance by (Repayment to) Parent | 5,957 | 5,944 |
| Net Cash Flows from Financing Activities | 5,957 | 5,944 |
| Net Change in Cash | ||
| Cash - Beginning of Year | ||
| Cash - End of Year | ||
| Cash Paid During the Period for: | ||
| Interest | ||
| Income Taxes | ||
| The Company | 12 Months Ended |
| Oct. 31, 2014 | |
| Company | |
| The Company | Note 1 - The Company |
| AFH Acquisition V, Inc., a development stage company (the “Company”), was incorporated under the laws of the State of Delaware on September 24, 2007. The Company is majority owned by AFH Holding & Advisory, LLC (the “Parent”). The financial statements presented represent only those transactions of AFH Acquisition V, Inc. The Company is looking to acquire an existing company or acquire the technology to begin operations. | |
| As a blank check company, the Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. As of the date of the financial statements, the Company is not conducting negotiations with any target business. No assurances can be given that the Company will be successful in locating or negotiating with any target company. | |
| Since inception, the Company has been engaged in organizational efforts. |
| Summary of Significant Accounting Policies | 12 Months Ended |
| Oct. 31, 2014 | |
| Accounting Policies [Abstract] | |
| Summary of Significant Accounting Policies | Note 2 - Summary of Significant Accounting Policies |
| Method of Accounting | |
| The Company maintains its books and prepares its financial statements on the accrual basis of accounting. | |
| Cash and Cash Equivalents | |
| Cash and cash equivalents include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions, which periodically may exceed federally insured amounts. | |
| Loss per Common Share | |
| Loss per common share is computed in accordance with FASB ASC 260-10, by dividing income (loss) available to common stockholders by weighted average number of common shares outstanding for each period. | |
| Use of Estimates | |
| The preparation of financial statements in conformity with generally accepted accounting principles 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 period. Actual results can differ from those estimates. | |
| Organizational Costs | |
| Organizational costs represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company. Organizational costs are expensed as incurred in accordance with FASB ASC 720-15. | |
| Income Taxes | |
| The Company accounts for income taxes in accordance with FASB ASC 740-10, using the asset and liability approach, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of such assets and liabilities. This method utilizes enacted statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment. Deferred tax assets are recognized, net of any valuation allowance, for temporary differences and net operating loss and tax credit carry forwards. Deferred income tax expense represents the change in net deferred assets and liability balances. | |
| Financial Instruments | |
| The Company’s financial instruments consist of cash and due to parent. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying value, unless otherwise noted. | |
| Recent Pronouncements | |
| On June 10, 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915). The amendments in this update remove the definition of a development stage entity from Topic 915, thereby removing the 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 on the statements of income, cash flows, and shareholder’s 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. Early adoption is permitted. The Company adopted this accounting standard during the current period. | |
| In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)," which is the new comprehensive revenue recognition standard that will supersede all existing revenue recognition guidance under GAAP. The standard's core principle is that a company will recognize revenue when it transfers promised goods or services to a customer in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This ASU is effective for annual and interim periods beginning on or after December 15, 2016, and early adoption is not permitted. Entities will have the option of using either a full retrospective approach or a modified approach to adopt the guidance in the ASU. The Company currently has no revenues and doesn’t expect any impact of adopting this guidance. | |
| In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period." This ASU provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on the financial statements. | |
| August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements – Going Concern (Topic 205-40)”, which requires management to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern for each annual and interim reporting period. If substantial doubt exists, additional disclosure is required. This new standard will be effective for the Company for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company is evaluating the adoption of this accounting standard to determine what material impacts it may have on the financial statements and related disclosures. |
| Equity Securities | 12 Months Ended |
| Oct. 31, 2014 | |
| Equity [Abstract] | |
| Equity Securities | Note 3 - Equity Securities |
| Holders of shares of common stock shall be entitled to cast one vote for each common share held at all stockholders’ meetings for all purposes, including the election of directors. The common stock does not have cumulative voting rights. | |
| The preferred stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time. | |
| No holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock or any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend. | |
| On December 14, 2011, the Company repurchased from Mr. Heshmatpour 2,500,000 of his shares for $100,000. | |
| On December 14, 2011, the Company sold 2,500,000 shares of its common stock to two persons in a private transaction at a price of $.04 per share for a total consideration of $100,000. The securities were sold pursuant to the exemption in Section 4(2) of the Securities Act of 1933, as amended and no commissions were paid. |
| Going Concern | 12 Months Ended |
| Oct. 31, 2014 | |
| Going Concern | |
| Going Concern | Note 4 - 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 has reported recurring losses from operations. As a result, there is an accumulated deficit of $62,533 at October 31, 2014. | |
| The Company’s continued existence is dependent upon its ability to raise capital or acquire a marketable company. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. |
| Due to Parent | 12 Months Ended |
| Oct. 31, 2014 | |
| Related Party Transactions [Abstract] | |
| Due to Parent | Note 5 - Due to Parent |
| Due to parent represents cash advances from AFH Holding & Advisory LLC. AFH Holding & Advisory LLC is the sole shareholder of the Company. There are no repayment terms. |
| Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
| Oct. 31, 2014 | |
| Accounting Policies [Abstract] | |
| Method of Accounting | Method of Accounting |
| The Company maintains its books and prepares its financial statements on the accrual basis of accounting. | |
| Cash and Cash Equivalents | Cash and Cash Equivalents |
| Cash and cash equivalents include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less. The Company maintains cash and cash equivalents at financial institutions, which periodically may exceed federally insured amounts. | |
| Loss Per Common Share | Loss per Common Share |
| Loss per common share is computed in accordance with FASB ASC 260-10, by dividing income (loss) available to common stockholders by weighted average number of common shares outstanding for each period. | |
| Use of Estimates | Use of Estimates |
| The preparation of financial statements in conformity with generally accepted accounting principles 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 period. Actual results can differ from those estimates. | |
| Organizational Costs | Organizational Costs |
| Organizational costs represent management, consulting, legal, accounting, and filing fees incurred to date in the formation of the company. Organizational costs are expensed as incurred in accordance with FASB ASC 720-15. | |
| Income Taxes | Income Taxes |
| The Company accounts for income taxes in accordance with FASB ASC 740-10, using the asset and liability approach, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of such assets and liabilities. This method utilizes enacted statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment. Deferred tax assets are recognized, net of any valuation allowance, for temporary differences and net operating loss and tax credit carry forwards. Deferred income tax expense represents the change in net deferred assets and liability balances. | |
| Financial Instruments | Financial Instruments |
| The Company’s financial instruments consist of cash and due to parent. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of these financial instruments approximates their carrying value, unless otherwise noted. | |
| Recent Pronouncements | Recent Pronouncements |
| On June 10, 2014, the FASB issued ASU 2014-10, Development Stage Entities (Topic 915). The amendments in this update remove the definition of a development stage entity from Topic 915, thereby removing the 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 on the statements of income, cash flows, and shareholder’s 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. Early adoption is permitted. The Company adopted this accounting standard during the current period. | |
| In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)," which is the new comprehensive revenue recognition standard that will supersede all existing revenue recognition guidance under GAAP. The standard's core principle is that a company will recognize revenue when it transfers promised goods or services to a customer in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This ASU is effective for annual and interim periods beginning on or after December 15, 2016, and early adoption is not permitted. Entities will have the option of using either a full retrospective approach or a modified approach to adopt the guidance in the ASU. The Company currently has no revenues and doesn’t expect any impact of adopting this guidance. | |
| In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period." This ASU provides more explicit guidance for treating share-based payment awards that require a specific performance target that affects vesting and that could be achieved after the requisite service period as a performance condition. The new guidance is effective for annual and interim reporting periods beginning after December 15, 2015. The Company does not expect the adoption of this guidance to have a material impact on the financial statements. | |
| August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements – Going Concern (Topic 205-40)”, which requires management to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern for each annual and interim reporting period. If substantial doubt exists, additional disclosure is required. This new standard will be effective for the Company for annual and interim periods beginning after December 15, 2016. Early adoption is permitted. The Company is evaluating the adoption of this accounting standard to determine what material impacts it may have on the financial statements and related disclosures. |
| Equity Securities (Details Narrative) (USD $) | 0 Months Ended |
| Dec. 14, 2011 | |
| Equity [Abstract] | |
| Repurchased shares from Mr. Heshmatpour | 2,500,000 |
| Value of repurchased shares from Mr. Heshmatpour | $100,000 |
| Share sold in private transaction | 2,500,000 |
| Share sold in private transaction, price per share | $0.04 |
| Total consideration from shares sold in private transaction | $100,000 |
| Going Concern (Details Narrative) (USD $) | Oct. 31, 2014 |
| Going Concern | |
| Accumulated deficit | $62,533 |
