Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Mar. 28, 2014 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'ORION FINANCIAL GROUP INC | ' |
Entity Central Index Key | '0001560449 | ' |
Document Type | '10-K | ' |
Document Period End Date | 31-Dec-13 | ' |
Amendment Flag | 'false | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Is Entity a Well-known Seasoned Issuer? | 'No | ' |
Is Entity a Voluntary Filer? | 'No | ' |
Is Entity's Reporting Status Current? | 'Yes | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Public Float | ' | $0 |
Entity Common Stock, Shares Outstanding | ' | 62,128,395 |
Document Fiscal Period Focus | 'FY | ' |
Document Fiscal Year Focus | '2013 | ' |
Balance_Sheets
Balance Sheets (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Current assets: | ' | ' |
Cash and cash equivalents | $40 | $12,151 |
Total assets | 40 | 12,151 |
Current liabilities: | ' | ' |
Accounts payable and accrued expenses | 15,000 | ' |
Due to related party | 11,417 | ' |
Loan payable to shareholder | 3,750 | ' |
Total current liabilities | 30,167 | ' |
Total liabilities | 30,167 | ' |
Stockholders' equity (deficit): | ' | ' |
Common stock, $0.001 par value,250,000,000 shares authorized 62,128,395 and 57,538,395 shares outstanding as of december 31, 2013 and december 31, 2012, respectively | 62,128 | 57,538 |
Additional paid-in capital | 80,689 | 28,892 |
Deficit accumulated during development stage | 172,944 | 74,279 |
Total stockholders' equity (deficit) | -30,127 | 12,151 |
Total liabilities and stockholders' equity (deficit) | $40 | $12,151 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock shares authorized | 250,000,000 | 250,000,000 |
Common stock shares issued | 62,128,395 | 57,538,395 |
Common stock shares outstanding | 62,128,395 | 57,538,395 |
Statements_Of_Operations
Statements Of Operations (USD $) | 9 Months Ended | 12 Months Ended | 21 Months Ended |
Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |
Operating expenses | ' | ' | ' |
General and administrative expenses | $74,279 | $98,665 | $172,944 |
Net loss | ($74,279) | ($98,665) | ($172,944) |
Basic and diluted loss per share | ($0.01) | $0 | ' |
Basic and diluted weighted-average common shares outstanding | 13,113,032 | 60,097,924 | ' |
Statements_Of_Cash_Flows
Statements Of Cash Flows (USD $) | 9 Months Ended | 12 Months Ended | 21 Months Ended |
Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | |
Cash flows from operating activities: | ' | ' | ' |
Net loss | ($74,279) | ($98,665) | ($172,944) |
Changes in operating assets and liabilities: | ' | ' | ' |
Accounts payable | ' | 15,000 | 15,000 |
Accounts payable- related party | ' | 11,417 | 11,417 |
Net cash used in operating activities | -74,279 | -72,248 | -146,527 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from stock issuance | 86,330 | 56,387 | 142,717 |
Borrowings on debt | ' | 3,750 | 3,750 |
Contributed capital | 100 | ' | 100 |
Net cash provided by financing activities | 86,430 | 60,137 | 146,567 |
Net increase in cash and cash equivalents | 12,151 | -12,111 | 40 |
Cash and cash equivalents - beginning | ' | 12,151 | ' |
Cash and cash equivalents - ending | $12,151 | $40 | $40 |
Statement_Of_Changes_In_Stockh
Statement Of Changes In Stockholders' Equity (Deficit) (USD $) | Common Stock | Additional Paid-In Capital | Deficit Accumulated During Development Stage | Total |
Balance, Amount at Mar. 25, 2012 | ' | ' | ' | ' |
Contributed Capital | ' | $100 | ' | $100 |
Founders' shares, Shares | 56,164,350 | ' | ' | ' |
Founders' shares, Amount | 56,164 | -56,164 | ' | 0 |
Shares issued for cash, Shares | 1,374,045 | ' | ' | ' |
Shares issued for cash, Amount | 1,374 | 84,956 | ' | 86,330 |
Net loss | ' | ' | -74,279 | -74,279 |
Balance, Amount at Dec. 31, 2012 | 57,538 | 28,892 | -74,279 | 12,151 |
Balance, Shares at Dec. 31, 2012 | 57,538,395 | ' | ' | 57,538,395 |
Shares issued for cash, Shares | 2,000,000 | ' | ' | ' |
Balance, Amount at Jan. 31, 2013 | ' | ' | ' | ' |
Balance, Amount at Dec. 31, 2012 | 57,538 | 28,892 | -74,279 | 12,151 |
Balance, Shares at Dec. 31, 2012 | 57,538,395 | ' | ' | 57,538,395 |
Contributed Capital | ' | ' | ' | ' |
Shares issued for cash, Shares | 4,590,000 | ' | ' | ' |
Shares issued for cash, Amount | 4,590 | 51,797 | ' | 56,387 |
Net loss | ' | ' | -98,665 | -98,665 |
Balance, Amount at Dec. 31, 2013 | $62,128 | $80,869 | ($172,944) | ($30,127) |
Balance, Shares at Dec. 31, 2013 | 62,128,395 | ' | ' | 62,128,395 |
Organization_And_Nature_Of_Bus
Organization And Nature Of Business | 12 Months Ended |
Dec. 31, 2013 | |
Organization And Nature Of Business | ' |
Organization and nature of business | ' |
Note 1 - Organization And Nature of Business | |
Orion Financial Group Inc. (the “Company”) was incorporated in the state of Wyoming on March 26, 2012 with an authorized capital of 100,000,000 shares, which was subsequently increased to 250,000,000 shares of common stock, par value of $0.001 per share. The Company’s principal operations are located in San Jose, CA. The Company is a strategic merchant-banking firm providing services to companies requiring cutting-edge advice in the area of corporate growth strategies. The Company provides financing alternatives to experienced executives that seek to purchase (buy-side) divest (sell-side) or recapitalize their public or private company. The Company has selected December 31 as its fiscal year end. |
Summary_Of_Significant_Account
Summary Of Significant Accounting Policies | 12 Months Ended |
Dec. 31, 2013 | |
Summary Of Significant Accounting Policies | ' |
Summary of significant accounting policies | ' |
Note 2 - Summary of Significant Accounting Policies | |
Basis of Presentation | |
The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States. | |
Development Stage Company | |
The Company is currently a development stage enterprise reporting under the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 915. Those standards require the Company to disclose its activities since the date of inception. | |
Use Of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted 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 period. Actual results could differ from those estimates. | |
Cash and Cash Equivalents | |
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | |
Earnings per Share | |
The Company computes net earnings per share in accordance with ASC 260 "Earnings per Share". ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. | |
Income Taxes | |
The Company accounts for income taxes using the asset and liability approach. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized. | |
Recent Accounting Pronouncements | |
The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant effect on its financial statements. |
Going_Concern
Going Concern | 12 Months Ended |
Dec. 31, 2013 | |
Going Concern | ' |
Going concern | ' |
Note 3 – Going Concern | |
The Company’s financial statements are prepared using generally accepted accounting principles applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not established any source of revenue to cover its operating costs. If the Company is unable to obtain revenue producing contracts or financing, or if the revenue or financing it does obtain is insufficient to cover any operating losses it may incur, it may substantially curtail or terminate its operations or seek other business opportunities through strategic alliances, acquisitions or other arrangements that may dilute the interests of existing stockholders. These conditions raise substantial doubt as to the Company’s ability to continue as a going concern. |
Equity
Equity | 12 Months Ended |
Dec. 31, 2013 | |
Equity | ' |
Equity | ' |
Note 4 – Equity | |
In July 2012, the Company issued 56,164,350 founder shares determined to have a deminimis value given the company’s lack of assets and operations. | |
In August 2012, the Company issued 1,044,045 shares to an investor for $86,000 at a price of $0.082 per share. | |
Also during August and September 2012, the Company issued 330,000 shares at a price of $0.001 per share for cash of $330. | |
In January 2013, the company issued 2,000,000 common shares for proceeds of $20,000. | |
In August 2013, the Company issued 1,578,000 common shares for proceeds of $15,187. | |
In September 2013, the Company issued 12,000 shares for proceeds of $1,200. | |
In November 2013, the Company issued 1,000,000 shares for proceeds of $20,000. |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Taxes | ' | ||||||||
Income taxes | ' | ||||||||
Note 5– Income Taxes | |||||||||
The Company follows Accounting Standards Codification 740, Accounting for Income Taxes. | |||||||||
The Company did not have taxable income for the period from inception (March 26, 2012) through December 31, 2013. The Company’s deferred tax assets consisted of the following as of December 31: | |||||||||
2013 | 2012 | ||||||||
Net operating losses carried forward | $ | 60,530 | $ | 25,998 | |||||
Valuation allowance | (60,530 | ) | (25,998 | ) | |||||
Net deferred income tax asset | — | — | |||||||
The Company has net operating losses carried forward of $172,944 available to offset taxable income in future years which begins expiring in 2023. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2013 | |
Related Party Transactions | ' |
Related party transactions | ' |
Note 6– Related party transactions | |
During the year ended December 31, 2013 and 2012 fees of $31,550 and $44,800 for consulting services were paid to our CEO. As of December 31, 2013, $11,417 was due to related parties for services and expenses paid on behalf of the Company. | |
The Company engaged HP Accounting to provide accounting services to the Company. Bob Bates, the Company’s interim Chief Financial Officer and director, is a shareholder of HP Accounting. In 2013 it billed $3,500. |
Loan_Payable_To_Shareholder
Loan Payable To Shareholder | 12 Months Ended |
Dec. 31, 2013 | |
Loan Payable To Shareholder | ' |
Loan payable to shareholder | ' |
NOTE 7 – LOAN PAYABLE TO SHAREHOLDER | |
A shareholder loaned the company $3,750 in December 2013. There are no specific terms of repayment. |
Equity_Line
Equity Line | 12 Months Ended |
Dec. 31, 2013 | |
Equity Line | ' |
Equity line | ' |
Note 8 – EQUITY LINE | |
On July 29, 2013, the Company entered into a reserve equity financing agreement (the “Financing Agreement”) with AGS Capital Group, LLC, (“AGS”). Pursuant to the Financing Agreement, the Company has the right, but not the obligation, to issue $25,000,000 of the Company’s common stock to AGS over the course of 3 years. AGS has indicated that once the Company’s stock starts trading they would loan funds under the agreement. For each advance, the Company may issue an amount of stock equal to $250,000. Such advance will not exceed more than 200% of the average daily trading volume for the previous 10 trading days. The purchase price of the shares shall be set at ninety-one percent (91%) of the lowest of the best closing bid prices of the stock during the fifteen consecutive weekday trading days immediately after the date on which the Company provides an advance notice. | |
As of December 31, 2013, no shares have been issued under this agreement. |
Subsequent_Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2013 | |
Subsequent Events | ' |
Subsequent Event | ' |
Note 9 – Subsequent Events | |
In January 2014, the Company issued 240,000 shares to investors for $6,000 at a price of $0.025 per share. |
Summary_Of_Significant_Account1
Summary Of Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2013 | |
Summary Of Significant Accounting Policies Policies | ' |
Basis of presentation | ' |
Basis of Presentation | |
The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with generally accepted accounting principles in the United States. | |
Development stage company | ' |
Development Stage Company | |
The Company is currently a development stage enterprise reporting under the provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 915. Those standards require the Company to disclose its activities since the date of inception. | |
Use of estimates | ' |
Use Of Estimates | |
The preparation of financial statements in conformity with accounting principles generally accepted 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 period. Actual results could differ from those estimates. | |
Cash and cash equivalents | ' |
Cash and Cash Equivalents | |
The Company considers all highly liquid instruments with a maturity of three months or less at the time of issuance to be cash equivalents. | |
Earnings per share | ' |
Earnings per Share | |
The Company computes net earnings per share in accordance with ASC 260 "Earnings per Share". ASC 260 requires presentation of both basic and diluted earnings per share (“EPS”) on the face of the income statement. Basic EPS is computed by dividing net income (loss) available to common shareholders by the weighted average number of common shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period including stock options, using the treasury stock method, and convertible preferred stock, using the if-converted method. In computing diluted EPS, the average stock price for the period is used in determining the number of shares assumed to be purchased from the exercise of stock options or warrants. Diluted EPS excludes all dilutive potential common shares if their effect is anti-dilutive. | |
Income taxes | ' |
Income Taxes | |
The Company accounts for income taxes using the asset and liability approach. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized. | |
Recent accounting pronouncements | ' |
Recent Accounting Pronouncements | |
The Company does not expect the adoption of any recently issued accounting pronouncements to have a significant effect on its financial statements. |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Dec. 31, 2013 | |||||||||
Income Taxes Tables | ' | ||||||||
Schedule of deferred tax assets | ' | ||||||||
The Company’s deferred tax assets consisted of the following as of December 31: | |||||||||
2013 | 2012 | ||||||||
Net operating losses carried forward | $ | 60,530 | $ | 25,998 | |||||
Valuation allowance | (60,530 | ) | (25,998 | ) | |||||
Net deferred income tax asset | — | — |
Income_Taxes_Schedule_Of_Defer
Income Taxes (Schedule Of Deferred Tax Assets) (Table Details) (USD $) | Dec. 31, 2013 | Dec. 31, 2012 |
Income Taxes Schedule Of Deferred Tax Assets Table Details | ' | ' |
Net operating losses carried forward | $60,530 | $25,998 |
Valuation allowance | 60,530 | 25,998 |
Net deferred income tax asset | ' | ' |
Organization_And_Nature_Of_Bus1
Organization And Nature Of Business (Narrative) (Details) (USD $) | Dec. 31, 2013 | Nov. 25, 2013 | Dec. 31, 2012 | Mar. 27, 2012 |
Organization And Nature Of Business Narrative Details | ' | ' | ' | ' |
Common stock, par value | $0.00 | $0.00 | $0.00 | $0.00 |
Common stock shares authorized | 250,000,000 | 250,000,000 | 250,000,000 | 100,000,000 |
Equity_Narrative_Details
Equity (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | 21 Months Ended | 1 Months Ended | 2 Months Ended | 9 Months Ended | 12 Months Ended | |||||
Dec. 31, 2012 | Dec. 31, 2013 | Dec. 31, 2013 | Nov. 30, 2013 | Sep. 30, 2013 | Aug. 31, 2013 | Jan. 31, 2013 | Aug. 30, 2012 | Jul. 31, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | |
Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | ||||
Stock issued for founder, shares | ' | ' | ' | ' | ' | ' | ' | ' | 56,164,350 | ' | 56,164,350 | ' |
Stock issued during the period for cash, shares | ' | ' | ' | 1,000,000 | 12,000 | 1,578,000 | 2,000,000 | 1,044,045 | ' | 330,000 | 1,374,045 | 4,590,000 |
Stock issued during the period for cash, value | $86,330 | $56,387 | ' | ' | ' | ' | ' | $86,000 | ' | $330 | $1,374 | $4,590 |
Proceeds from issuance of stock | $86,330 | $56,387 | $142,717 | $20,000 | $1,200 | $15,187 | $20,000 | ' | ' | ' | ' | ' |
Sale of stock price per share | ' | ' | ' | ' | ' | ' | ' | $0.08 | ' | $0.00 | ' | ' |
Income_Taxes_Narrative_Details
Income Taxes (Narrative) (Details) (USD $) | 12 Months Ended |
Dec. 31, 2013 | |
Income Taxes Narrative Details | ' |
Net operating losses carried forward | $172,944 |
Net operating losses carry forward expiration date | ' |
Available to offset taxable income in future years which begins expiring in 2023. |
Related_Party_Transactions_Nar
Related Party Transactions (Narrative) (Details) (USD $) | 12 Months Ended | |
Dec. 31, 2013 | Dec. 31, 2012 | |
CEO | ' | ' |
Fees for consulting and accounting services | $31,550 | $44,800 |
HP Accounting | ' | ' |
Fees for consulting and accounting services | $3,500 | ' |
Loan_Payable_To_Shareholder_Na
Loan Payable To Shareholder (Narrative) (Details) (USD $) | 12 Months Ended | 21 Months Ended | 1 Months Ended |
Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | |
Loans Payable - Shareholder | |||
Short-term Debt [Line Items] | ' | ' | ' |
Borrowings on debt | $3,750 | $3,750 | $3,750 |
Equity_Line_Narrative_Details
Equity Line (Narrative) (Details) (Financing Agreement - AGS Capital Group, LLC) | 0 Months Ended |
Jul. 29, 2013 | |
Financing Agreement - AGS Capital Group, LLC | ' |
Terms of financing agreement entered with AGS Capital Group, LLC | ' |
On July 29, 2013, the Company entered into a reserve equity financing agreement (the “Financing Agreement”) with AGS Capital Group, LLC, (“AGS”). Pursuant to the Financing Agreement, the Company has the right, but not the obligation, to issue $25,000,000 of the Company’s common stock to AGS over the course of 3 years. AGS has indicated that once the Company’s stock starts trading they would loan funds under the agreement. For each advance, the Company may issue an amount of stock equal to $250,000. Such advance will not exceed more than 200% of the average daily trading volume for the previous 10 trading days. The purchase price of the shares shall be set at ninety-one percent (91%) of the lowest of the best closing bid prices of the stock during the fifteen consecutive weekday trading days immediately after the date on which the Company provides an advance notice. |
Subsequent_Events_Narrative_De
Subsequent Events (Narrative) (Details) (USD $) | 9 Months Ended | 12 Months Ended | 1 Months Ended | 2 Months Ended | 9 Months Ended | 12 Months Ended | 1 Months Ended | ||||
Dec. 31, 2012 | Dec. 31, 2013 | Nov. 30, 2013 | Sep. 30, 2013 | Aug. 31, 2013 | Jan. 31, 2013 | Aug. 30, 2012 | Sep. 30, 2012 | Dec. 31, 2012 | Dec. 31, 2013 | Jan. 31, 2014 | |
Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Common Stock | Subsequent Event | |||
Common Stock | |||||||||||
Stock issued during the period for cash, shares | ' | ' | 1,000,000 | 12,000 | 1,578,000 | 2,000,000 | 1,044,045 | 330,000 | 1,374,045 | 4,590,000 | 240,000 |
Stock issued during the period for cash, value | $86,330 | $56,387 | ' | ' | ' | ' | $86,000 | $330 | $1,374 | $4,590 | $6,000 |
Sale of stock price per share | ' | ' | ' | ' | ' | ' | $0.08 | $0.00 | ' | ' | $0.03 |