Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Dec. 16, 2013 | |
Document And Entity Information | ' | ' |
Entity Registrant Name | 'ORION FINANCIAL GROUP INC | ' |
Entity Central Index Key | '0001560449 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Sep-13 | ' |
Amendment Flag | 'true | ' |
Amendment Description | ' | ' |
EXPLANATORY NOTE | ||
This Amendment No. 1 to the Quarterly Report on Form 10-Q/A (the “Amendment”) amends the Quarterly Report on Form 10-Q of Orion Financial Group Inc (the “Company”) for the quarter ended September 30, 2013 (the “Original Filing”), that was originally filed with the U.S. Securities and Exchange Commission on November 19, 2013. The Amendment is being filed to submit Exhibit 101. The Amendment revises the exhibit index included in Part II, Item 6 of the Original Filing and Exhibit 101 (XBRL interactive data) is included as an exhibit to the Amendment. | ||
In addition, as required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (“Exchange Act”), new certifications by the Company’s principal executive officer and principal financial officers are filed as exhibits hereto. | ||
Except as described above, the Amendment does not modify or update the disclosures presented in, or exhibits to, the Original Filing in any way. Those sections of the Original Filing that are unaffected by the Amendment are not included herein. The Amendment continues to speak as of the date of the Original Filing. Furthermore, the Amendment does not reflect events occurring after the filing of the Original Filing. Accordingly, the Amendment should be read in conjunction with the Original Filing, as well as the Company’s other filings made with the SEC pursuant to Section 13(a) or 15(d) of the Exchange Act subsequent to the filing of the Original Filing. | ||
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 Common Stock, Shares Outstanding | ' | 61,116,395 |
Document Fiscal Period Focus | 'Q3 | ' |
Document Fiscal Year Focus | '2013 | ' |
Balance_Sheets
Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Current assets | ' | ' |
Cash and cash equivalents | $73 | $12,151 |
Total assets | 73 | 12,151 |
Current liabilities: | ' | ' |
Accounts payable and accrued liabilities | 21,485 | ' |
Due to related party | 4,792 | ' |
Total current liabilities | 26,277 | ' |
Total liabilities | 26,277 | ' |
Stockholders' equity (deficit): | ' | ' |
Common stock, $0.001 par value,100,000,000 shares authorized 61,116,395 and 57,538,395 shares outstanding as of september 30, 2013 and december 31, 2012, respectively | 61,116 | 57,538 |
Additional paid-in capital | 60,689 | 28,892 |
Deficit accumulated during development stage | 148,009 | 74,279 |
Total stockholders' equity (deficit) | -26,204 | 12,151 |
Total liabilities and stockholders' equity (deficit) | $73 | $12,151 |
Balance_Sheets_Parenthetical
Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Statement of Financial Position [Abstract] | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock shares authorized | 100,000,000 | 100,000,000 |
Common stock shares issued | 61,116,395 | 57,538,395 |
Common stock shares outstanding | 61,116,395 | 57,538,395 |
Statements_Of_Operations
Statements Of Operations (USD $) | 3 Months Ended | 6 Months Ended | 9 Months Ended | 18 Months Ended | |
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | |
Operating expenses | ' | ' | ' | ' | ' |
General and administrative expenses | $32,638 | $26,914 | $30,539 | $73,730 | $148,009 |
Net loss | ($32,638) | ($26,914) | ($30,539) | ($73,730) | ($148,009) |
Basic and diluted loss per share | $0 | $0 | $0 | $0 | ' |
Basic and diluted weighted-average common shares outstanding | 60,085,119 | 56,743,114 | 27,620,987 | 59,521,138 | ' |
Statements_Of_Cash_Flows
Statements Of Cash Flows (USD $) | 6 Months Ended | 9 Months Ended | 18 Months Ended |
Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | |
Cash flows from operating activities: | ' | ' | ' |
Net loss | ($30,539) | ($73,730) | ($148,009) |
Changes in operating assets and liabilities: | ' | ' | ' |
Prepaid expense | -10,000 | ' | ' |
Accounts payable | 1,000 | 21,485 | 21,485 |
Accounts payable- related party | ' | 4,792 | 4,792 |
Net cash used in operating activities | -39,539 | -47,453 | -121,732 |
Cash flows from financing activities: | ' | ' | ' |
Proceeds from stock issuance | 86,000 | 35,375 | 121,705 |
Contributed capital | 550 | ' | 100 |
Net cash provided by financing activities | 86,550 | 35,375 | 121,805 |
Net increase in cash and cash equivalents | 47,011 | -12,078 | 73 |
Cash and cash equivalents - beginning | ' | 12,151 | ' |
Cash and cash equivalents - ending | $47,011 | $73 | $73 |
Organization_And_Nature_Of_Bus
Organization And Nature Of Business | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
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 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 financial consulting 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. |
Basis_Of_Presentation
Basis Of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Policies [Abstract] | ' |
Basis of presentation | ' |
Note 2 - BASIS OF PRESENTATION | |
The accompanying unaudited interim financial statements of Orion Financial Group, Inc. have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission, and should be read in conjunction with the audited financial statements and notes thereto for the period from March 26, 2012 (inception through December 31, 2012 contained in the Company’s Form S-1/A filed with the Securities and Exchange Commission on May 13, 2013. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the interim financial statements which would substantially duplicate the disclosure contained in the audited financial statements for the period from March 26, 2012 (inception) through December 31, 2012 as reported in the Company’s Form S-1/A have been omitted. |
Going_Concern
Going Concern | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
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 does not have sufficient working capital for its planned activities, which raises substantial doubt about its ability to continue as a going concern. 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. | |
Equity
Equity | 9 Months Ended |
Sep. 30, 2013 | |
Equity Method Investments and Joint Ventures [Abstract] | ' |
Equity | ' |
Note 4 – Equity | |
In January 2013 the company issued 2,000,000 common shares for proceeds of $20,000. | |
During the three months ended September 30, 2013, the company issued 1,578,000 common shares for the proceeds of $15,375. The shares are accounted for as issued but as the date of the filing are unissued. |
Related_Party_Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions [Abstract] | ' |
Related party transactions | ' |
Note 5– Related party transactions | |
During the nine months ended September 30, 2013 fees of $30,450 for consulting services were paid to our CEO. As of September 30, 2013, $4,792 was due to related parties for services and expenses paid on behalf of the Company. |
Equity_Narrative_Details
Equity (Narrative) (Details) (USD $) | 6 Months Ended | 9 Months Ended | 18 Months Ended | 1 Months Ended | 3 Months Ended |
Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Jan. 31, 2013 | Sep. 30, 2013 | |
Common Stock | Common Stock | ||||
Stock Issued During Period For Cash, Shares | ' | ' | ' | 2,000,000 | 1,578,000 |
Proceeds From Issuance Of Stock | $86,000 | $35,375 | $121,705 | $20,000 | $15,375 |
Related_Party_Transaction_Narr
Related Party Transaction (Narrative) (Details) (CEO, USD $) | 9 Months Ended |
Sep. 30, 2013 | |
CEO | ' |
Fees for Consulting Services | $30,450 |