Document_and_Entity_Informatio
Document and Entity Information | 3 Months Ended |
Jun. 30, 2011 | |
Document and Entity Information: | ' |
Entity Registrant Name | 'Rangeford Resources, Inc. |
Document Type | '10-Q |
Document Period End Date | 30-Jun-11 |
Amendment Flag | 'false |
Entity Central Index Key | '0001438035 |
Current Fiscal Year End Date | '--03-31 |
Entity Common Stock, Shares Outstanding | 10,181,700 |
Entity Filer Category | 'Smaller Reporting Company |
Entity Current Reporting Status | 'No |
Entity Voluntary Filers | 'No |
Entity Well-known Seasoned Issuer | 'No |
Document Fiscal Year Focus | '2012 |
Document Fiscal Period Focus | 'Q1 |
Rangeford_Resources_Inc_Balanc
Rangeford Resources, Inc. - Balance Sheets (USD $) | Jun. 30, 2011 | Mar. 31, 2011 | ||
Current Assets: | ' | ' | ||
Cash | $335 | $1,880 | ||
TOTAL CURRENT ASSETS | 335 | 1,880 | ||
Total Assets | 335 | 1,880 | ||
Current Liabilities: | ' | ' | ||
Accounts payable | 685 | 700 | ||
Related party payables | 16,895 | 15,495 | ||
TOTAL CURRENT LIABILITIES | 17,850 | 16,195 | ||
Stockholders' Deficit | ' | ' | ||
Common Stock | 10,182 | [1] | 10,182 | [1] |
Additional paid-in capital | 28,831 | 28,831 | ||
Deficit accumulated during the development stage | -56,258 | -53,328 | ||
Total Stockholders' Deficit | -17,245 | -14,315 | ||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $335 | $1,880 | ||
[1] | $0.001 par value; 75,000,0000 shares authorized; 10,181,700 shares issued and outstanding at June 30 and March 31 2011. |
Statement_of_Financial_Positio
Statement of Financial Position - Parenthetical (USD $) | Jun. 30, 2011 | Mar. 31, 2011 |
Statement of Financial Position | ' | ' |
Common Stock, Par Value | $0.00 | $0.00 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares Issued | 10,181,700 | 10,181,700 |
Common Stock, Shares Outstanding | 10,181,700 | 10,181,700 |
Rangeford_Resources_Inc_Statem
Rangeford Resources, Inc. - Statements of Operations (USD $) | 3 Months Ended | 43 Months Ended | |
Jun. 30, 2011 | Jun. 30, 2010 | Jun. 30, 2011 | |
Income Statement | ' | ' | ' |
Revenue | ' | ' | ' |
OPERATING EXPENSES | ' | ' | ' |
General and administrative | 2,930 | 6,761 | 56,258 |
TOTAL OPERATING EXPENSES | 2,930 | 6,761 | 56,258 |
Loss from operations | -2,930 | -6,761 | -56,258 |
Interest and other income (expense) | ' | ' | ' |
Loss before income taxes | -2,930 | -6,761 | -56,258 |
Provision for income taxes | ' | ' | ' |
Net loss | ($2,930) | ($6,761) | ($56,258) |
Per share information: | ' | ' | ' |
Basic and diluted loss per common share | ($0.00) | $0 | ' |
Weighted average shares outstanding | 10,181,700 | 9,962,492 | ' |
Rangeford_Resources_Inc_Statem1
Rangeford Resources, Inc. - Statements of Cash Flows (USD $) | 3 Months Ended | 43 Months Ended | ||||
Jun. 30, 2011 | Jun. 30, 2010 | Jun. 30, 2011 | ||||
Cash flows from Operating Activities | ' | ' | ' | |||
Net loss | ($2,930) | ($6,761) | ($56,258) | |||
Adjustments to reconcile net loss to net cash used in operating activities: | ' | ' | ' | |||
Common stock issued for services | ' | ' | 13,200 | |||
Changes in operating assets and liabilities: | ' | ' | ' | |||
Accounts payable | -15 | 1,215 | 685 | |||
Net cash used in operating activities | -2,945 | -5,546 | -42,373 | |||
Cash Flows From Financing Activities | ' | ' | ' | |||
Proceeds from related party payable | 2,900 | ' | 18,395 | |||
Repayments of related party payables | -1,500 | ' | -1,500 | |||
Proceeds from issuance of stock | ' | 5,313 | 25,813 | |||
Net cash provided by financing activities | 1,400 | 5,313 | 42,708 | |||
Net (decrease) increase in cash | -1,545 | -233 | 335 | |||
Cash, Beginning of Period | 1,880 | 4,703 | ' | |||
Cash, End of Period | 335 | 4,470 | 335 | |||
Supplemental disclosure of non-cash investing and financing activities: | ' | ' | ' | |||
Issuance of common stock for professional and consulting services | ' | [1] | ' | [1] | 13,200 | [1] |
Supplemental Cash Flow Information: | ' | ' | ' | |||
Cash paid for interest | ' | ' | ' | |||
Cash paid for income taxes | ' | ' | ' | |||
[1] | Issuance of 7,630,058 shares of common stock for professional and consulting services |
Note_1_Condensed_Financial_Sta
Note 1 - Condensed Financial Statements | 3 Months Ended |
Jun. 30, 2011 | |
Notes | ' |
Note 1 - Condensed Financial Statements | ' |
NOTE 1 – CONDENSED FINANCIAL STATEMENTS | |
The accompanying financial statements have been prepared by the Company without audit. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary to present fairly the financial position, results of operations, and cash flows June 30, 2011, and for all periods presented herein, have been made. | |
Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company’s March 31, 2011 audited financial statements. The results of operations for the periods ended June 30, 2011 and 2010 are not necessarily indicative of the operating results for the full years. |
Note_2_Going_Concern
Note 2 - Going Concern | 3 Months Ended |
Jun. 30, 2011 | |
Notes | ' |
Note 2 - Going Concern | ' |
NOTE 2 – GOING CONCERN | |
The Company’s financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations. | |
In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. | |
The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. |
Note_3_Subsequent_Events
Note 3 - Subsequent Events | 3 Months Ended |
Jun. 30, 2011 | |
Notes | ' |
Note 3 - Subsequent Events | ' |
NOTE 3 – SUBSEQUENT EVENTS | |
The Company has evaluated subsequent events through the date of this filing and determined there are no events to disclose. |