Avangard Capital (AVGC) 10-Q 20 May 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Mar. 31, 2014	1-May-14
Document And Entity Information	'	'
Entity Registrant Name	'Avangard Capital Group, Inc	'
Entity Central Index Key	'0001561092	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--06-30	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	10,134,664
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2014	'

Condensed_Balance_Sheets_Unaud

Condensed Balance Sheets (Unaudited) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Current assets:	'	'
Cash and cash equivalents	$446,263	$164,049
Marketable securities	'	378,203
Floor plan financing receivable (net of allowance for doubtful accounts of $115,000 at March 31, 2014)	114,250	252,220
Used car auto finance receivables	'	48,868
Fees receivable	'	11,218
Interest receivable	'	9,807
Related party receivable (See Note 6)	2,325	'
Other current assets	'	2,980
Total current assets	562,838	867,345
Property and equipment, net	3,464	3,863
Total assets	566,302	871,208
Current liabilities:	'	'
Accounts payable and accrued expenses	103	2,994
Total current liabilities	103	2,994
Stockholders' equity:	'	'
Convertible Preferred Stock Series A, $0.0001 par value, 300,000,000 authorized, 905,000 issued and outstanding;	90	90
Common stock, $0.0001 par value, 1,000,000,000 authorized; Class A, 10,134,664 shares issued and outstanding	1,013	1,013
Additional paid in capital	1,106,893	1,106,893
Stock Subscription receivable	'	-135,996
Accumulated other comprehensive income	'	24,225
Accumulated deficit	-541,797	-128,011
Total stockholders' equity	566,199	868,214
Total liabilities and stockholders' equity	$566,302	$871,208

Condensed_Balance_Sheets_Unaud1

Condensed Balance Sheets (Unaudited) (Parenthetical) (USD $)	Mar. 31, 2014	Jun. 30, 2013
Statement of Financial Position [Abstract]	'	'
Allowance for doubtful accounts	$115,000	'
Convertible Preferred Stock Series A, par value	$0.00	$0.00
Convertible Preferred Stock Series A, shares authorized	300,000,000	300,000,000
Convertible Preferred Stock Series A, shares issued	905,000	905,000
Convertible Preferred Stock Series A, shares outstanding	905,000	905,000
Common stock Class A, par value	$0.00	$0.00
Common stock Class A, shares authorized	1,000,000,000	1,000,000,000
Common stock Class A, shares issued	10,134,664	10,134,664
Common stock Class A, shares outstanding	10,134,664	10,134,664

Condensed_Statements_of_Operat

Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
REVENUE	'	'	'	'
Fee revenue	$151	$7,166	$25,709	$23,712
Interest revenue	3,302	5,722	27,236	20,273
Total revenue	3,452	12,888	52,945	43,985
OPERATING EXPENSES	'	'	'	'
Selling, general and administrative	126,720	32,189	389,873	100,422
Provision for doubtful accounts	141,591	'	141,591	'
Total operating expenses	268,311	32,189	531,464	100,422
Loss from operations	-264,858	-19,301	-478,519	-56,437
Other income	'	'	'	'
Gain on sale of marketable securities (includes $12,079 accumulated other comprehensive income reclassifications for unrealized net gains)	0	'	58,091	'
Interest and dividend income	1,289	643	6,642	1,359
Total other income	1,289	643	64,733	1,359
Net loss	($263,569)	($18,658)	($413,786)	($55,078)
Net loss per share attributable to common stockholders - basic and diluted	($0.03)	$0	($0.04)	($0.01)
Weighted average number of common shares used in computation - basic and diluted	10,134,664	10,000,000	10,134,664	10,000,000

Condensed_Statements_of_Operat1

Condensed Statements of Operations (Parenthetical) (USD $)	9 Months Ended
	Mar. 31, 2014
Income Statement [Abstract]	'
Accumulated other comprehensive income reclassifications for unrealized net gains	$12,079

Condensed_Statements_of_Compre

Condensed Statements of Comprehensive Loss (Unaudited) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Statement of Comprehensive Income [Abstract]	'	'	'	'
Net loss	($263,569)	($18,658)	($413,786)	($55,078)
Other comprehensive income:	'	'	'	'
Net change in unrealized gain on marketable securities	'	16,906	-24,225	16,906
Total comprehensive loss	($263,569)	($1,752)	($438,011)	($38,172)

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (Unaudited) (USD $)	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($413,786)	($55,078)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation	399	'
Gain on sale of marketable securities	-58,091	'
Provision for doubtful accounts	141,591	'
Changes in operating assets and liabilities	'	'
Floor plan financing receivable	-3,621	38,255
Used car auto financing portfolio	48,868	-94,890
Fees receivable	11,218	-2,804
Interest receivable	9,807	-2,813
Related party receivable	-2,325	'
Other assets	2,980	-10,109
Accounts payable and accrued expenses	-2,891	12,071
NET CASH USED IN OPERATING ACTIVITIES	-265,851	-115,368
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Purchase of marketable securities	-34,369	-525,047
Sale of marketable securities	446,438	'
NET CASH PROVIDED BY INVESTING ACTIVITES	412,069	-525,047
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Convertible preferred stock subscription received	'	744,451
Common stock subscription received	135,996	'
NET CASH PROVIDED BY FINANCING ACTIVITIES	135,996	744,451
Net increase in cash	282,214	104,036
Cash and cash equivalents beginning of the period	164,049	20,696
Cash and cash equivalents at end of the period	$446,263	$124,732

Nature_of_Business_and_Summary

Nature of Business and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Nature of Business and Summary of Significant Accounting Policies	'
	NOTE 1 - NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Organization and Description of Business Avangard Capital Group, Inc., a Nevada corporation is referred to in this report as “we”, “us”, “our”, “ACG”, the “Company” or “Avangard Capital Group.”
	We were incorporated June 13, 2012 under the laws of the State of Nevada. Our executive offices are located at 2708 Commerce Way, Suite 300, Philadelphia, PA 19154.
	We are an independent auto sales finance company that provides floor plan financing for independent used car dealers based on the value of collateral (the car) as determined by us using the automobile industry’s nationally-recognized valuation sources. We operate in the states of New Jersey, Pennsylvania and Florida. We commenced business June 22, 2012 with the purchase of all floor plan receivables from Avangard Auto Finance, Inc. (“AAF”), an affiliate. Pursuant to an Assignment Agreement with AAF dated June 13, 2012, we acquired AAF’s floor plan financing portfolio for $151,979, the face value of the contracts plus accrued interest and fees at that time.
	In January 2013 we received approval and were licensed by the States of Florida and New Jersey as a Sales Finance Company. In February 2013, we were licensed in the Commonwealth of Pennsylvania as a Sales Finance Company. These licenses permit us to expand our operations to providing financing for auto sales by dealers.
	On March 26, 2013 we acquired certain retail installment contract receivables from AAF and Avangard Financial Group, Inc., a related party (“AFG”) for $102,250. The receivables consisted of an aggregate principal balance of approximately $141,868 for current loans receivables and approximately $323,449 for non-current loans receivables.
	Interim Financial Statements
	The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with GAAP and SEC regulations for interim financial statements. The results for the nine months ended March 31, 2014 are not necessarily indicative of the results expected for the full year or for any subsequent interim periods. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and the notes to those statements included in our Annual Report on Form 10-K for the period ended June 30, 2013 filed on September 30, 2013.
	Use of Estimates
	We use estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	Cash and cash equivalents include highly liquid investments with an original maturity of three month or less when purchased.
	Fair Value of Financial Instruments
	The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than a forced sale or liquidation. Significant differences can arise between the fair value and carrying amount of financial instruments that are recognized at historical cost amounts. The carrying value of cash, floor plan financing receivable, and accounts payable approximate the fair value because of the short maturity of those instruments.
	The accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement, and enhance disclosure requirements for fair value measures.
	The three levels are defined as follows:
	Level 1:	inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2:	inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	Level 3:	inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	Marketable securities were measured at fair value using Level 1 inputs derived from quoted prices in active markets. In December 2013 the company converted 100% of their Marketable Securities to cash and cash equivalents.
	Marketable Securities
	Our marketable equity securities are classified and accounted for as available-for-sale and reported at fair value. Unrealized gains and losses related to changes in the fair value of securities are recognized in accumulated other comprehensive income, net of tax in our balance sheets. Changes in the fair value of available-for sale securities impact our net income only when such securities are sold or other-than-temporary impairment is recognized. Realized gains and losses on the sale of securities are determined by specific identification of each security’s cost basis. Management determines the appropriate classification of its investments at the time of purchase and re-evaluates the available-for-sale designations as of each balance sheet date.
	Revenue Recognition
	Interest income from floor plan financing receivable is recognized using the interest method. Accrual of income on finance receivables is suspended when a contract is contractually delinquent for ninety (90) days or more. The accrual is resumed when the contract becomes contractually current and past due interest is recognized at that time.
	Origination Fees are recognized for services provided during the loan origination process at the point in time the loan is funded.
	The Company accounts for its investment in floor plan financing receivables using the interest method, under ASC 310 pools of accounts are established based on certain common risk criteria. Each pool is recorded at cost and is accounted for as a single unit for the recognition of income, principal payments and loss provision.
	The Company accounts for its investment in retail installment contract receivables it acquired on March 26, 2013 using the cost recovery method as the Company’s collections on this particular pool of accounts cannot be reasonably predicted. Under the cost recovery method, no income is recognized until the cost of the retail installment contract receivables portfolio has been fully recovered. This pool of accounts can become fully amortized (zero carrying balance on the balance sheet) while still generating cash collections. In this case, all cash collections are recognized as revenue when received.
	Floor Plan Financing Receivable
	Floor plan financing receivable consists of purchased automobiles, which were assigned to us upon acquisition. The titles to the automobiles, which serve as security for the payment of the purchased contracts, are held by us.
	Floor plan financing receivable that we intend and have the ability to hold for the foreseeable future, or until maturities of payoff are reported at their outstanding gross contractual balances, net of allowance for losses and unearned finance revenue. Unearned finance revenue consists of unearned interest and discounts realized on contract purchases.
	We perform periodic evaluations of the adequacy of the allowance for losses taking into consideration the past loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, as well as recovery potential of any underlying collateral, personal guarantees and current economic conditions. Any increases in the allowance for losses subsequent to the acquisition of the contract are charged to earnings.
	Our primary floor plan customer defaulted on their agreement in February 2014. The floor plan agreement carried personal guarantees and confessions of judgment, in addition to first lien on all vehicles subject to the floor plan agreement. In March 2014, the customer filed for bankruptcy protection under Chapter 11 of the Federal Bankruptcy Code. We repossessed 9 of the 21 vehicles subject to the floor plan agreement from the debtor prior to its Chapter 11 filing. Additionally, there is a question of the legality of the debtor’s sale of four (4) vehicles which were subject to financing. Since we are unable to determine the exact amount of ultimate losses, on March 31, 2014 we provided a reserve for uncollectible receivables of $115,000. As of June 30, 2013 no provision for losses had been made.
	Used Car Auto Financing
	On March 26, 2013, we acquired a portfolio of consumer automobile loans from Avangard Auto Finance, Inc., (“AAF”), a related party.
	The Company is an indirect lender from a legal perspective, meaning the loan is originated by the dealer and immediately assigned to the Company. Typically, the loan is purchased from the dealer. The disbursement to the dealer is calculated using our guidelines as to the value of the automobile. The amount advanced against the collateral is 85% of the “Black Book” liquidation value of the car. From time to time we will have automobiles in inventory as a result of repossessions due to non-payment. Our policy is to issue a repossession order after 15 days delinquency of the loan.
	As of the date of acquisition, the entire Used Car Auto Financing Portfolio’s collection could not be reasonably predicted by the Company; therefore the modified cost recovery method has been utilized to account for the pool of loans. As of March 31, 2014 the Company recovered its entire investment in the loan portfolio. As of March 31, 2014, we collected 100% of the aggregate amount of the Company paid to acquire this loan portfolio. On February 19, 2014 we transferred all remaining loans receivable to AAF as we determined that the outstanding balances were either uncollectible or difficult to collect and the Company did not believe that pursuing further collection efforts was a good use of the Company’s resources.
	Stock-based Compensation
	We account for stock-based compensation by applying a fair-value-based measurement method to account for share-based payment transactions with employees and directors. Stock-based compensation is a non-cash expense because we settle these obligations by issuing shares of our common stock instead of settling such obligations with cash payments.
	Comprehensive Income
	Comprehensive income consists of two components, net income and other comprehensive income. Other comprehensive income refers to revenue, expenses, gains, and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Other comprehensive income consists of unrealized gains on marketable securities categorized as available-for-sale.
	Concentrations of Credit Risk
	The Company’s assets exposed to credit risk are cash and finance and interest receivables.
	For the nine months ended March 31, 2014, one significant customer accounted for 94% for both revenue and accounts receivable of total revenue and floor plan financing receivable.
	The Company maintains its cash balances in Federal Deposit Insurance Corporation (“FDIC”) insured financial institutions. At times, cash balances may exceed the maximum insurance offered by FDIC.
	Property and Equipment
	Fixed assets are recorded at their historical cost upon acquisition or cost of construction. The assets are depreciated using the straight line method over their statutory lives. The fixed asset categories and their estimated lives are as follows:
	Office Equipment 5 years
	Income Taxes
	We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The Company has incurred net operating loss for financial-reporting and tax-reporting purposes. Accordingly, for Federal and state income tax purposes, the benefit for income taxes has been offset entirely by a valuation allowance against the related federal and state deferred tax asset for the nine months ended March 31, 2014.

Marketable_Securities_and_Chan

Marketable Securities and Changes in Accumulated Other Comprehensive Income	9 Months Ended
	Mar. 31, 2014
Marketable Securities [Abstract]	'
Marketable Securities and Changes in Accumulated Other Comprehensive Income	'
	NOTE 2 - MARKETABLE SECURITIES AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME
	Marketable Securities
	Marketable equity securities purchased during the current fiscal year were classified and accounted for as available-for-sale. As of March 31, 2014 all marketable equity securities were converted to cash and cash equivalents.
	We recognized $0 of net realized gains during the quarter ended March 31, 2014 and $58,091 for the nine months ended March 31, 2014. Realized gains on the sale of the securities are determined by specific identification of each security’s cost basis.
	Changes in Accumulated Other Comprehensive Income:
	The following table shows the accumulated other comprehensive income balance as of March 31, 2014:
		Unrealized Gain on  Marketable Securities
	Balance at June 30, 2013	$	24,225
	Other comprehensive income before reclassifications		(12,146	)
	Net current-period other comprehensive income		12,079
	Amounts reclassified from accumulated other comprehensive income		(12,079	)
	Balance at March 31, 2014	$	-

Income_Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	NOTE 3 - INCOME TAXES
	The provision for income taxes consists of the following:
		31-Mar-14			30-Sep-13
	Deferred Tax Asset	$	203,000		$	52,695
	Less: Valuation Allowance		(203,000	)		(52,695	)
	Net Deferred Tax Assets	$	-		$	-
	As of March 31, 2014, the Company has net operating loss carry forwards of $541,797 that can be utilized to offset future taxable income for Federal and State income tax purposes through 2024, generating a maximum deferred tax benefit of $203,000 by applying Federal and State statutory tax rates. The Company applied a 100% valuation reserve against the deferred tax benefit, as the realization of the benefit is not certain.
	The following tax years remain subject to examination by the respective tax jurisdictions.
			Fiscal Years ending
			June 30,
	Internal Revenue Service		2012 - 2013
	Commonwealth of Pennsylvania		2012 - 2013

Common_and_Preferred_Stock

Common and Preferred Stock	9 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Common and Preferred Stock	'
	NOTE 4 - COMMON AND PREFERRED STOCK
	We are authorized to issue 1,000,000,000 shares of $0.0001 par value common stock of which 10,134,664 shares have been issued and are outstanding, designated Class A at March 31, 2014 and June 30, 2013. A total of 114,664 shares of the Company’s common stock were issued during the year ended June 30, 2013 in connection with the sale of 28,666 Units in the Offering discussed below. The Company received proceeds of $171,985 in connection with the sale of the Units of which, $135,996 was a subscription receivable at June 30, 2013 and was subsequently collected on July 5, 2013.
	We are authorized to issue 300,000,000 shares of $0.0001 par value Convertible Preferred Stock Series A of which 905,000 shares have been issued and outstanding at March 31, 2014 and June 30, 2013, respectively.
	Offering of Securities
	On February 13, 2013, our Registration Statement on Form S-1 was declared effective by the SEC whereby we offered 5,000,000 units (the “Offering”), each unit consisting of four shares of our common stock and one redeemable common stock warrant (a “Warrant”) at a public offering price of $6.00 per unit (a “Unit”). The Warrants became exercisable and separately transferable from the shares 30 calendar days after February 13, 2013. At any time thereafter until three years following February 13, 2013, subject to earlier redemption, each Warrant entitles the holder to purchase one share of our common stock at an exercise price of $2.00 (133% of the per share price of the common stock included in the Units), subject to adjustment. The Warrants are subject to redemption for $0.0001 per Warrant upon 30 days prior written notice, provided that the last sale price of our common stock equals or exceeds $3.00 (150% of the Warrant exercise price), subject to adjustment, for 10 consecutive trading days. As of March 31, 2014, 28,666 units have been sold and no warrants have been exercised. The Offering expired on August 14, 2013.
	Common Stock Purchase Warrants
	A summary of the status of our outstanding common stock purchase warrants granted as of March 31, 2014 and changes during the period is as follows:
		Shares			Weighted
		Underlying			Average
		Warrants			exercise price
	Outstanding and exercisable at June 30, 2013		28,666		$	2
	Additions		-			-
	Outstanding and exercisable at March 31, 2014		28,666		$	2
	The following information applies to all warrants outstanding and exercisable at March 31, 2014
	Number of Warrants
	outstanding and					Remaining contractual
	exercisable		Exercise Price			life (Years)
	28,666		$	2		1.83

Loss_Per_Share

Loss Per Share	9 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Loss Per Share	'
	NOTE 5 - LOSS PER SHARE
	Basic net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding for the period. The Company’s potential dilutive shares, which include convertible preferred shares and shares issuable upon exercise of the Warrants, have not been included in the computation of diluted net loss per share as the result would be antidilutive. Such potentially dilutive shares are excluded when the effect would be to reduce net loss per share. All potential common shares have been excluded from the computation of the dilutive net loss per share for the period presented because the effect would have been antidilutive. Such potential common shares consist of the following:
		31-Mar-14		31-Mar-13
	Convertible preferred stock		2,715,000		2,715,000
	Warrants attached to units sold		28,666		-

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	NOTE 6 - RELATED PARTY TRANSACTIONS
	We entered into a lease agreement for office space with Commerce Way, LLC (“CWL”). CWL is owned by DJS Investments, LLC and SELF, LP. SELF, LP is a shareholder of Friedman Financial Group, who is a principal shareholder of our company. The lease requires monthly payments, commencing August 1, 2012, of $2,500 on a month to month basis. No security deposit was required. Rent expense for the three months ended March 31, 2014 and 2013 was $7,500 and $7,500 respectively. Rent expense for the nine months ended March 31, 2014 and 2013 was $22,500 and $22,500 respectively.
	On March 26, 2013 we entered into an Retail Installment Contract Receivable Purchase Agreement (the “Purchase Agreement”) with Avangard Auto Finance, Inc. and Avangard Financial Group, Inc. (the “Sellers”), both of whom are our affiliates. Under the terms of the Purchase Agreement, we agreed to pay the Sellers $102,250 (the “Purchase Price”) to purchase certain of their retail installment contract receivables as of the date of the agreement. These amounts included an aggregate principal balance of approximately $141,868 for current loans receivables (the “Current Loans”) and an aggregate principal balance of approximately $323,449 for non-current loans receivables (the “Non-Current Loans”). The Sellers guaranteed to us that we will recover no less than 70% of the aggregate amount of the Current Loans. If we recover less than 70% of the aggregate amount of the Current Loans, the Sellers shall pay the difference to us upon demand. On February 19, 2014 we transferred all remaining loans receivable to AAF as we determined that the outstanding balances were either uncollectible or difficult to collect and the Company did not believe that pursuing further collection efforts was a good use of the Company’s resources.
	Robert Cornaglia, a member of the Board of Directors, provided certain consulting services to the Company during the quarter ended March 31, 2014 for which the Company incurred expenses of $9,800
	Officers and related parties of our company provide certain administrative expenses at no charge.
	Related party receivable of $2,375 reflects amounts due from the Company’s Chief Executive Officer for unreimbursable expenses.

Nature_of_Business_and_Summary1

Nature of Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Organization and Description of Business	'
	Organization and Description of Business Avangard Capital Group, Inc., a Nevada corporation is referred to in this report as “we”, “us”, “our”, “ACG”, the “Company” or “Avangard Capital Group.”
	We were incorporated June 13, 2012 under the laws of the State of Nevada. Our executive offices are located at 2708 Commerce Way, Suite 300, Philadelphia, PA 19154.
	We are an independent auto sales finance company that provides floor plan financing for independent used car dealers based on the value of collateral (the car) as determined by us using the automobile industry’s nationally-recognized valuation sources. We operate in the states of New Jersey, Pennsylvania and Florida. We commenced business June 22, 2012 with the purchase of all floor plan receivables from Avangard Auto Finance, Inc. (“AAF”), an affiliate. Pursuant to an Assignment Agreement with AAF dated June 13, 2012, we acquired AAF’s floor plan financing portfolio for $151,979, the face value of the contracts plus accrued interest and fees at that time.
	In January 2013 we received approval and were licensed by the States of Florida and New Jersey as a Sales Finance Company. In February 2013, we were licensed in the Commonwealth of Pennsylvania as a Sales Finance Company. These licenses permit us to expand our operations to providing financing for auto sales by dealers.
	On March 26, 2013 we acquired certain retail installment contract receivables from AAF and Avangard Financial Group, Inc., a related party (“AFG”) for $102,250. The receivables consisted of an aggregate principal balance of approximately $141,868 for current loans receivables and approximately $323,449 for non-current loans receivables.
Interim Financial Statements	'
	Interim Financial Statements
	The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments, which include normal recurring adjustments necessary for a fair presentation in accordance with GAAP and SEC regulations for interim financial statements. The results for the nine months ended March 31, 2014 are not necessarily indicative of the results expected for the full year or for any subsequent interim periods. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and the notes to those statements included in our Annual Report on Form 10-K for the period ended June 30, 2013 filed on September 30, 2013.
Use of Estimates	'
	Use of Estimates
	We use estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Cash and cash equivalents include highly liquid investments with an original maturity of three month or less when purchased.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The fair value of a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than a forced sale or liquidation. Significant differences can arise between the fair value and carrying amount of financial instruments that are recognized at historical cost amounts. The carrying value of cash, floor plan financing receivable, and accounts payable approximate the fair value because of the short maturity of those instruments.
	The accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement, and enhance disclosure requirements for fair value measures.
	The three levels are defined as follows:
	Level 1:	inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
	Level 2:	inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
	Level 3:	inputs to the valuation methodology are unobservable and significant to the fair value measurement.
	Marketable securities were measured at fair value using Level 1 inputs derived from quoted prices in active markets. In December 2013 the company converted 100% of their Marketable Securities to cash and cash equivalents.
Marketable Securities	'
	Marketable Securities
	Our marketable equity securities are classified and accounted for as available-for-sale and reported at fair value. Unrealized gains and losses related to changes in the fair value of securities are recognized in accumulated other comprehensive income, net of tax in our balance sheets. Changes in the fair value of available-for sale securities impact our net income only when such securities are sold or other-than-temporary impairment is recognized. Realized gains and losses on the sale of securities are determined by specific identification of each security’s cost basis. Management determines the appropriate classification of its investments at the time of purchase and re-evaluates the available-for-sale designations as of each balance sheet date.
Revenue Recognition	'
	Revenue Recognition
	Interest income from floor plan financing receivable is recognized using the interest method. Accrual of income on finance receivables is suspended when a contract is contractually delinquent for ninety (90) days or more. The accrual is resumed when the contract becomes contractually current and past due interest is recognized at that time.
	Origination Fees are recognized for services provided during the loan origination process at the point in time the loan is funded.
	The Company accounts for its investment in floor plan financing receivables using the interest method, under ASC 310 pools of accounts are established based on certain common risk criteria. Each pool is recorded at cost and is accounted for as a single unit for the recognition of income, principal payments and loss provision.
	The Company accounts for its investment in retail installment contract receivables it acquired on March 26, 2013 using the cost recovery method as the Company’s collections on this particular pool of accounts cannot be reasonably predicted. Under the cost recovery method, no income is recognized until the cost of the retail installment contract receivables portfolio has been fully recovered. This pool of accounts can become fully amortized (zero carrying balance on the balance sheet) while still generating cash collections. In this case, all cash collections are recognized as revenue when received.
Floor Plan Financing Receivable	'
	Floor Plan Financing Receivable
	Floor plan financing receivable consists of purchased automobiles, which were assigned to us upon acquisition. The titles to the automobiles, which serve as security for the payment of the purchased contracts, are held by us.
	Floor plan financing receivable that we intend and have the ability to hold for the foreseeable future, or until maturities of payoff are reported at their outstanding gross contractual balances, net of allowance for losses and unearned finance revenue. Unearned finance revenue consists of unearned interest and discounts realized on contract purchases.
	We perform periodic evaluations of the adequacy of the allowance for losses taking into consideration the past loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, as well as recovery potential of any underlying collateral, personal guarantees and current economic conditions. Any increases in the allowance for losses subsequent to the acquisition of the contract are charged to earnings.
	Our primary floor plan customer defaulted on their agreement in February 2014. The floor plan agreement carried personal guarantees and confessions of judgment, in addition to first lien on all vehicles subject to the floor plan agreement. In March 2014, the customer filed for bankruptcy protection under Chapter 11 of the Federal Bankruptcy Code. We repossessed 9 of the 21 vehicles subject to the floor plan agreement from the debtor prior to its Chapter 11 filing. Additionally, there is a question of the legality of the debtor’s sale of four (4) vehicles which were subject to financing. Since we are unable to determine the exact amount of ultimate losses, on March 31, 2014 we provided a reserve for uncollectible receivables of $115,000. As of June 30, 2013 no provision for losses had been made.
Used Car Auto Financing	'
	Used Car Auto Financing
	On March 26, 2013, we acquired a portfolio of consumer automobile loans from Avangard Auto Finance, Inc., (“AAF”), a related party.
	The Company is an indirect lender from a legal perspective, meaning the loan is originated by the dealer and immediately assigned to the Company. Typically, the loan is purchased from the dealer. The disbursement to the dealer is calculated using our guidelines as to the value of the automobile. The amount advanced against the collateral is 85% of the “Black Book” liquidation value of the car. From time to time we will have automobiles in inventory as a result of repossessions due to non-payment. Our policy is to issue a repossession order after 15 days delinquency of the loan.
	As of the date of acquisition, the entire Used Car Auto Financing Portfolio’s collection could not be reasonably predicted by the Company; therefore the modified cost recovery method has been utilized to account for the pool of loans. As of March 31, 2014 the Company recovered its entire investment in the loan portfolio. As of March 31, 2014, we collected 100% of the aggregate amount of the Company paid to acquire this loan portfolio. On February 19, 2014 we transferred all remaining loans receivable to AAF as we determined that the outstanding balances were either uncollectible or difficult to collect and the Company did not believe that pursuing further collection efforts was a good use of the Company’s resources.
Stock-based Compensation	'
	Stock-based Compensation
	We account for stock-based compensation by applying a fair-value-based measurement method to account for share-based payment transactions with employees and directors. Stock-based compensation is a non-cash expense because we settle these obligations by issuing shares of our common stock instead of settling such obligations with cash payments.
Comprehensive Income	'
	Comprehensive Income
	Comprehensive income consists of two components, net income and other comprehensive income. Other comprehensive income refers to revenue, expenses, gains, and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Other comprehensive income consists of unrealized gains on marketable securities categorized as available-for-sale.
Concentrations of Credit Risk	'
	Concentrations of Credit Risk
	The Company’s assets exposed to credit risk are cash and finance and interest receivables.
	For the nine months ended March 31, 2014, one significant customer accounted for 94% for both revenue and accounts receivable of total revenue and floor plan financing receivable.
	The Company maintains its cash balances in Federal Deposit Insurance Corporation (“FDIC”) insured financial institutions. At times, cash balances may exceed the maximum insurance offered by FDIC.
Property and Equipment	'
	Property and Equipment
	Fixed assets are recorded at their historical cost upon acquisition or cost of construction. The assets are depreciated using the straight line method over their statutory lives. The fixed asset categories and their estimated lives are as follows:
	Office Equipment 5 years
Income Taxes	'
	Income Taxes
	We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined based on the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The Company has incurred net operating loss for financial-reporting and tax-reporting purposes. Accordingly, for Federal and state income tax purposes, the benefit for income taxes has been offset entirely by a valuation allowance against the related federal and state deferred tax asset for the nine months ended March 31, 2014.

Marketable_Securities_and_Chan1

Marketable Securities and Changes in Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Mar. 31, 2014
Marketable Securities [Abstract]	'
Schedule of Changes in Accumulated Other Comprehensive Income	'
	The following table shows the accumulated other comprehensive income balance as of March 31, 2014:
		Unrealized Gain on  Marketable Securities
	Balance at June 30, 2013	$	24,225
	Other comprehensive income before reclassifications		(12,146	)
	Net current-period other comprehensive income		12,079
	Amounts reclassified from accumulated other comprehensive income		(12,079	)
	Balance at March 31, 2014	$	-

Income_Taxes_Tables

Income Taxes (Tables)	9 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Schedule of Provision for Income Taxes	'
	The provision for income taxes consists of the following:
		31-Mar-14			30-Sep-13
	Deferred Tax Asset	$	203,000		$	52,695
	Less: Valuation Allowance		(203,000	)		(52,695	)
	Net Deferred Tax Assets	$	-		$	-
Schedule of Remaining Years Subject to Income Tax Examination	'
	The following tax years remain subject to examination by the respective tax jurisdictions.
			Fiscal Years ending
			June 30,
	Internal Revenue Service		2012 - 2013
	Commonwealth of Pennsylvania		2012 - 2013

Common_and_Preferred_Stock_Tab

Common and Preferred Stock (Tables)	9 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Summary of Outstanding Common Stock Purchase Warrants Granted	'
	A summary of the status of our outstanding common stock purchase warrants granted as of March 31, 2014 and changes during the period is as follows:
		Shares			Weighted
		Underlying			Average
		Warrants			exercise price
	Outstanding and exercisable at June 30, 2013		28,666		$	2
	Additions		-			-
	Outstanding and exercisable at March 31, 2014		28,666		$	2
Schedule of Warrants Outstanding and Exercisable	'
	The following information applies to all warrants outstanding and exercisable at March 31, 2014
	Number of Warrants
	outstanding and					Remaining contractual
	exercisable		Exercise Price			life (Years)
	28,666		$	2		1.83

Loss_Per_Share_Tables

Loss Per Share (Tables)	9 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Summary of Potential Common Shares	'
	All potential common shares have been excluded from the computation of the dilutive net loss per share for the period presented because the effect would have been antidilutive. Such potential common shares consist of the following:
		31-Mar-14		31-Mar-13
	Convertible preferred stock		2,715,000		2,715,000
	Warrants attached to units sold		28,666		-

Nature_of_Business_and_Summary2

Nature of Business and Summary of Significant Accounting Policies (Details Narrative) (USD $)	0 Months Ended	9 Months Ended		9 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Jun. 13, 2012	Mar. 31, 2014	Mar. 26, 2013
				Office Equipment [Member]	AAF And AFG [Member]
Acquisition of floor plan financing portfolio	'	'	$151,979	'	'
Related party receivables	'	'	'	'	102,250
Loans receivable, current	'	'	'	'	141,868
Loans receivable, non current	'	'	'	'	323,449
Percentage of conversion of Marketable Securities to cash	100.00%	'	'	'	'
Reserve for uncollectible receivables	'	$115,000	'	'	'
Percentage of liquidation value of car	'	85.00%	'	'	'
Percentage of acquire loan portfolio	'	100.00%	'	'	'
Percentage of major customers concentration risk	'	94.00%	'	'	'
Office equipment estimated useful life	'	'	'	'5 years	'

Marketable_Securities_and_Chan2

Marketable Securities and Changes in Accumulated Other Comprehensive Income (Details Narrative) (USD $)	3 Months Ended		9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
Marketable Securities [Abstract]	'	'	'	'
Gain on sale of marketable securities	$0	'	$58,091	'

Marketable_Securities_and_Chan3

Marketable Securities and Changes in Accumulated Other Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Income (Details) (USD $)	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2014
			Unrealized Gain On Marketable Securities [Member]
Balance at the beginning	'	$24,225	$24,225
Other comprehensive income before reclassifications	'	'	-12,146
Net current-period other comprehensive income	'	'	12,079
Amounts reclassified from accumulated other comprehensive income	'	'	-12,079
Balance at the end	'	$24,225	'

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	9 Months Ended
	Mar. 31, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Net operating loss carry forwards	$541,797	'
Deferred tax benefits	$203,000	$52,695
Percentage of deferred tax assets valuation reserve	100.00%	'

Income_Taxes_Schedule_of_Provi

Income Taxes - Schedule of Provision for Income Taxes (Details) (USD $)	Mar. 31, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'	'
Deferred Tax Asset	$203,000	$52,695
Less: Valuation Allowance	-203,000	-52,695
Net Deferred Tax Assets	'	'

Income_Taxes_Schedule_of_Remai

Income Taxes - Schedule of Remaining Years Subject to Income Tax Examination (Details)	12 Months Ended
	Jun. 30, 2013
Internal Revenue Service [Member]	'
Years remain subject to examination by the respective tax jurisdictions	'2012 - 2013
Commonwealth Of Pennsylvania [Member]	'
Years remain subject to examination by the respective tax jurisdictions	'2012 - 2013

Common_and_Preferred_Stock_Det

Common and Preferred Stock (Details Narrative) (USD $)	0 Months Ended	9 Months Ended		12 Months Ended
	Feb. 13, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2013
Equity [Abstract]	'	'	'	'
Common stock Class A, shares authorized	'	1,000,000,000	'	1,000,000,000
Common stock Class A, par value	'	$0.00	'	$0.00
Common stock Class A, shares issued	'	10,134,664	'	10,134,664
Common stock Class A, shares outstanding	'	10,134,664	'	10,134,664
Stock issued during period	5,000,000	'	'	114,664
Sale of common stock, number	'	28,666	'	28,666
Proceeds from sale of common stock	'	$135,996	'	$171,985
Common stock subscription receivable	'	'	'	$135,996
Convertible Preferred Stock Series A, shares authorized	'	300,000,000	'	300,000,000
Convertible Preferred Stock Series A, par value	'	$0.00	'	$0.00
Convertible Preferred Stock Series A, shares issued	'	905,000	'	905,000
Convertible Preferred Stock Series A, shares outstanding	'	905,000	'	905,000
Description of stock offerings	'	'	'	'
	Each unit consisting of four shares of our common stock and one redeemable common stock warrant (a “Warrant”) at a public offering price of $6.00 per unit (a “Unit”).
Common stock, per unit	$6	'	'	'
Warrants exercise price	2	2	'	'
Percentage of common stock included in the units	133.00%	'	'	'
Warrants redemption, per warrant	0.0001	'	'	'
Minimum value of common stock sale price	$3	'	'	'
Percentage of warrant exercise price	150.00%	'	'	'
Number of warrants issued	'	28,666	'	'
Number of warrants exercised	'	0	'	'

Common_and_Preferred_Stock_Sum

Common and Preferred Stock - Summary of Outstanding Common Stock Purchase Warrants Granted (Details) (USD $)	9 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Shares underlying Warrants, Outstanding and exercisable, Beginning balance	28,666
Shares underlying Warrants, Additions	'
Shares underlying Warrants, Outstanding and exercisable, Ending balance	28,666
Weighted Average exercise price, Outstanding and exercisable, Beginning	$2
Weighted Average exercise price, Additions	'
Weighted Average exercise price, Outstanding and exercisable, Ending	$2

Common_and_Preferred_Stock_Sch

Common and Preferred Stock - Schedule of Warrants Outstanding and Exercisable (Details)	9 Months Ended
	Mar. 31, 2014	Jun. 30, 2013	Feb. 13, 2013
Equity [Abstract]	'	'	'
Number of Warrants outstanding and exercisable	28,666	28,666	'
Warrants, Exercise Price	2	'	2
Warrants, Remaining contractual life of warrants	'1 year 9 months 29 days	'	'

Loss_Per_Share_Summary_of_Pote

Loss Per Share - Summary of Potential Common Shares (Details)	9 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Convertible Preferred Stock [Member]	'	'
Potential common shares	2,715,000	2,715,000
Warrants Attached To Units Sold [Member]	'	'
Potential common shares	28,666	'

Related_Party_Transactions_Det

Related Party Transactions (Details Narrative) (USD $)	0 Months Ended	3 Months Ended		9 Months Ended
	Mar. 26, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Jun. 30, 2013
Lease monthly payment	'	'	'	$2,500	'	'
Rent expense	'	7,500	7,500	22,500	22,500	'
Minimum percentage of current loans recovery from sellers	70.00%	'	'	'	'	'
Percentage of current loans collected from sellers	'	70.00%	'	70.00%	'	'
Due from related parties	'	2,325	'	2,325	'	'
consulting service expenses	'	'	'	9,800	'	'
AAF And AFG [Member]	'	'	'	'	'	'
Due to sellers	102,250	'	'	'	'	'
Loans receivables, current	141,868	'	'	'	'	'
loans receivables, non-current	323,449	'	'	'	'	'