Avangard Capital (AVGC) 10-K 13 Oct 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Document And Entity Information
Entity Registrant Name	Avangard Capital Group, Inc
Entity Central Index Key	1,561,092
Document Type	10-K
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--06-30
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity's Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 0
Entity Common Stock, Shares Outstanding		10,781,466
Trading Symbol	AVGC
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Balance Sheets

Balance Sheets - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Current assets:
Cash	$ 784	$ 424,272
Floor plan financing receivable		196,259
Allowance for uncollectable account		(115,000)
Due from related parties	$ 5,024	7,000
Total current assets	5,808	512,531
Property and equipment, net	2,799	3,331
Total assets	8,607	515,862
Current liabilities:
Accounts payable and accrued expenses	$ 25,350	3,176
Other liabilities		$ 21,000
Due to related party	$ 25,000
Total current liabilities	50,350	$ 24,176
Stockholders' equity
Convertible Preferred Stock Series A, $0.0001 par value, 300,000,000 authorized, 585,000 and 905,000 issued and outstanding at June 30, 2015 and 2014 respectively;	58	90
Common stock, $0.0001 par value, 100,000,000 authorized; Class A, 10,781,466 and 1,013,466 shares issued and outstanding at June 30, 2015 and 2014 respectively;	1,078	101
Additional paid in capital	787,837	1,107,805
Accumulated (deficit) earnings	(830,716)	(616,310)
Total stockholders' equity (deficit)	(41,743)	491,686
Total liabilities and stockholders' equity (deficit)	$ 8,607	$ 515,862

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Jun. 30, 2014
Statement of Financial Position [Abstract]
Convertible Preferred Stock Series A, par value	$ 0.0001	$ 0.0001
Convertible Preferred Stock Series A, shares authorized	300,000,000	300,000,000
Convertible Preferred Stock Series A, shares issued	585,000	905,000
Convertible Preferred Stock Series A, shares outstanding	585,000	905,000
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock Class A, shares issued	10,781,466	1,013,466
Common stock Class A, shares outstanding	10,781,466	1,013,466

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
REVENUE
Fee revenue		$ 25,709
Interest revenue		27,183
Total revenue		52,892
OPERATING EXPENSES
Selling, general and administrative	$ 248,414	605,935
Total operating expenses	248,414	605,935
Loss from operations	$ (248,414)	(553,043)
Other income
Realized gain on marketable securities		$ 58,091
Inventory recovery	$ 33,680
Interest and dividend income	328	$ 6,653
Total other income	34,008	64,744
Net loss	$ (214,406)	$ (488,299)
Net loss per share attributable to common shareholders - basic and diluted	$ (0.02)	$ (0.48)
Weighted average number of common shares used in computation - basic and diluted	10,513,850	1,013,466

Statements of Changes in Stockh

Statements of Changes in Stockholders' Equity - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-In Capital [Member]	Accumulated Other Comprehensive Income [Member]	Stock Subscription [Member]	Accumulated Retained Earnings (Deficit) [Member]	Total
Balance at Jun. 30, 2013	$ 90	$ 101	$ 1,107,805	$ 24,225	$ (135,996)	$ (128,011)	$ 868,214
Balance, shares at Jun. 30, 2013	905,000	1,013,466
Common stock subscription received					$ 135,996		135,996
Net loss						$ (488,299)	(488,299)
Unrealized gain on marketable securities				$ (24,225)			(24,225)
Balance at Jun. 30, 2014	$ 90	$ 101	$ 1,107,805			$ (616,310)	491,686
Balance, shares at Jun. 30, 2014	905,000	1,013,466
Issue of common stock		$ 977					977
Issue of common stock, shares		9,768,000
Redemption of preferred stock	$ (32)		$ (319,968)				(320,000)
Redemption of preferred stock, shares	(320,000)
Net loss						$ (214,406)	(214,406)
Balance at Jun. 30, 2015	$ 58	$ 1,078	$ 787,837			$ (830,716)	$ (41,743)
Balance, shares at Jun. 30, 2015	585,000	10,781,466

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$ (214,406)	$ (488,299)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	$ 532	532
Gain on sale of marketable securities		(58,091)
Other income (inventory recovery)	$ (33,680)
Provision for doubtful accounts		115,000
Changes in operating assets and liabilities:
Floor plan financing receivable		55,961
Used car inventory	$ 114,939
Used car auto financing portfolio		48,868
Fees receivable		11,218
Interest receivable		9,807
Due from related parties	$ 1,976	(4,020)
Accounts payable and accrued expenses	22,174	182
Other liabilities	(21,000)	21,000
NET CASH USED IN OPERATING ACTIVITIES	$ (129,465)	(287,842)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of marketable securities		(34,369)
Proceeds from sales of marketable securities		446,438
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITES		$ 412,069
CASH FLOWS FROM FINANCING ACTIVITIES
Redemption of convertible preferred stock	$ (320,000)
Proceeds from related party loan	25,000
Common stock subscription received	977	$ 135,996
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(294,023)	135,996
Net increase (decrease) in cash	(423,488)	260,223
Cash, beginning of the year	424,272	164,049
Cash, at end of the year	$ 784	$ 424,272

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	12 Months Ended
	Jun. 30, 2015
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 are licensed to 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. The Company has suspended financing new loans while Management and the Board of Directors explore new opportunities and strategic alternatives. Basis of Presentation The Company has recast the presentation of share and per share data in the financial statements to reflect the reverse stock split as described more fully in Note 5. 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 All cash and cash equivalents are invested in highly liquid money market accounts. 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. 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 18 of the 21 vehicles subject to the floor plan agreement from the debtor prior to its Chapter 11 filing. Since we’re 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, 2015 we recovered $123,425 of floor plan receivables through the sale of repossessed autos. 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 June 30, 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. We recovered our investment of $102,250, as well as $27,267 in interest and fees, from March 26, 2013, the date of acquisition, through February 19, 2014 when we returned all uncollectable notes receivable to AAF. 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. Concentrations of Credit Risk 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. The Company maintains cash not necessary for operating expenses in money market accounts and certificates of deposit. 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 fiscal year ended June 30, 2015.

Going Concern

Going Concern	12 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
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 that 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. During the year ended June 30, 2015 the Company recognized sales revenue of $-0- and incurred a net loss of $214,406. As of June 30, 2015 the Company had an accumulated deficit of $830,716. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company’s planned business. If the Company is unable to obtain adequate capital, it could be forced to cease operations. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. 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 significant shareholders sufficient to meet its operating expenses and seeking equity and/or debt financing from third parties. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Marketable Securities and Chang

Marketable Securities and Changes in Accumulated Other Comprehensive Income	12 Months Ended
	Jun. 30, 2015
Marketable Securities [Abstract]
Marketable Securities and Changes in Accumulated Other Comprehensive Income	NOTE 3 - MARKETABLE SECURITIES AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME Marketable Securities We recognized $58,091 in net realized gains during the year ended June 30, 2014. Realized gains on the sale of the securities are determined by specific identification of each security’s cost basis. The company had no marketable securities at June 30, 2015.

Income Taxes

Income Taxes	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 4 - INCOME TAXES The provision for income taxes consists of the following: June 30, 2015 June 30, 2014 Deferred Tax Asset $ 314,841 $ 250,181 Less: Valuation Allowance (314,841 ) (250,181 ) Net Deferred Tax Assets $ - $ - As of June 30, 2015, the Company has net operating loss carry forwards of $830,716 that can be utilized to offset future taxable income for Federal and State income tax purposes through 2035, generating a maximum deferred tax benefit of $314,841 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 - 2015 Commonwealth of Pennsylvania 2012 - 2015

Loan from Shareholder

Loan from Shareholder	12 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Loan from Shareholder	NOTE 5 - LOAN FROM SHAREHOLDER On May 1, 2015, the Company entered into a loan agreement with a major shareholder to obtain financing up to $50,000. Loan under the agreement is non-interest bearing and is due on demand. At June 30, 2015, amount due to the shareholder was $25,000, and unused amount representing availability to borrow was $25,000. Debt is secured by common stock of Avangard Capital Group, Inc.

Common and Preferred Stock

Common and Preferred Stock	12 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Common and Preferred Stock	NOTE 6 - COMMON AND PREFERRED STOCK On June 20, 2014 the Board of Directors authorized the Corporation to complete the Reverse Stock Split and that such Reverse Stock Split of 1 share of Common Stock for 10 share of outstanding Common Stock. On July 10, 2014 the Board of Directors issued 9,768,000 unregistered shares of common stock to related parties and majority shareholder, Friedman Financial Group, in exchange for $977. The terms of the Series A Convertible Preferred Stock provide that each share of Series A Convertible Preferred Stock is entitled to receive cumulative annual dividends at the rate of 4.5% per year. Each share of Series A Convertible Preferred Stock is convertible into three (3) shares of our Common Stock, and the holder thereof is entitled to vote shares of Series A Convertible Preferred Stock held as common stock in accordance with the number of shares of common stock into which such preferred shares are convertible. The shares of Series A Convertible Preferred Stock are entitled to receive prior and in preference to any distribution of any of the assets or surplus funds of the Company to the holders of common stock and any other series or class of preferred stock which is junior to the Series A Convertible Preferred Stock, the sum of $1.00 per share of Series A Convertible Preferred Stock, plus accrued dividends. On January 10, 2015, the Company redeemed 320,000 shares of Convertible Preferred Stock Series A, in exchange for $320,000. 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 tenths of one share 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 tenth of a 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 June 30, 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 outstanding as of June 30, 2015 and 2014 and changes during the period is as follows: Shares Weighted Underlying Average Warrants exercise price Outstanding and exercisable at June 30, 2014 2,867 $ 2.00 Additions - - Outstanding and exercisable at June 30, 2015 2,867 $ 2.00 The following information applies to all warrants outstanding and exercisable at June 30, 2015: Number of Warrants outstanding and Remaining contractual exercisable Exercise Price life (Years) 2,867 $ 2.00 0.58

Loss Per Share

Loss Per Share	12 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Loss Per Share	NOTE 7 - 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: June 30, 2015 June 30, 2014 Convertible preferred stock 1,755,000 2,715,000 Warrants attached to units sold 2,867 2,867

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 8 - 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 previously required monthly payments, commencing August 1, 2012, of $2,500 on a month to month basis. No security deposit was required. Beginning in 2015, the Company renegotiated the terms of the lease, and reduced the rent to $10,000 per year. Rent expense for the fiscal years ended June 30, 2015 and 2014 was $10,000 and $30,000 respectively. For fiscal year ending June 30, 2016 the company is occupying approximately 500 square feet rent free until the company requires additional space. 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. During the fiscal year ended June 30, 2015 Friedman Financial Group, our majority shareholder received reimbursement of $25,129 for expenditures made on behalf of the company. In addition, Friedman Financial Group, has submitted requests for reimbursement of $14,941 for expenses related to the Company’s operations. During the year ended June 30, 2015, Joseph Friedman & Sons, Inc. received reimbursement of $18,842 for administrative, office and clerical support provided to the Company. At June 30, 2015 the Company had accounts payable to Friedman financial Group of $18,124 for reimbursable expenses incurred on behalf of the Company. Officers and related parties of our company provide certain administrative expenses at no charge. Due from related parties of $5,024 at June 30, 2015 represent amounts owed by Avangard Auto Finance and Commerce Way Office Complex for payments made by the Company on their behalf for legal expenses. Due from related parties of $7,000 at June 30, 2014, reflected a temporary loan to Avangard Auto Finance, a related party. The loan was fully repaid in July 2014.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 9 - COMMITMENTS AND CONTINGENCIES From time to time, the Company is a defendant in various lawsuits incident to the ordinary course of business. It is not possible to determine, with any precision, the probable outcome of the amount of any liability not covered by commercial insurance policies. Additionally, on September 1, 2015, the major shareholder entered into an indemnity agreement with the Company to indemnity the Company of any liability arising from judgments related to repossessed vehicles.

Subsequent Events

Subsequent Events	12 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	NOTE 10 - SUBSEQUENT EVENTS On July 22, 2015, in a matter before the courts of Pennsylvania unrelated to Avangard Capital Group, Mr. Gulko, former officer and director of the company agreed to a Stipulation and Consent Order with Avangard Auto Finance, Inc., a related party. The order settled claims by Avangard Auto Finance, Inc. against Mr. Gulko and his companies. In settlement of all claims Mr. Gulko agreed to relinquish all ownership of 490,000 shares of Common and 48,237 shares of Series A Convertible Preferred Stock. Avangard Auto Finance assigned the shares received in settlement to Friedman Financial Group, LLC on August 21, 2015.

Nature of Business and Summar17

Nature of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jun. 30, 2015
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 are licensed to 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. The Company has suspended financing new loans while Management and the Board of Directors explore new opportunities and strategic alternatives.
Basis of Presentation	Basis of Presentation The Company has recast the presentation of share and per share data in the financial statements to reflect the reverse stock split as described more fully in Note 5.
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 All cash and cash equivalents are invested in highly liquid money market accounts.
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.
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 18 of the 21 vehicles subject to the floor plan agreement from the debtor prior to its Chapter 11 filing. Since we’re 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, 2015 we recovered $123,425 of floor plan receivables through the sale of repossessed autos.
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 June 30, 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. We recovered our investment of $102,250, as well as $27,267 in interest and fees, from March 26, 2013, the date of acquisition, through February 19, 2014 when we returned all uncollectable notes receivable to AAF.
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.
Concentrations of Credit Risk	Concentrations of Credit Risk 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. The Company maintains cash not necessary for operating expenses in money market accounts and certificates of deposit.
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 fiscal year ended June 30, 2015.

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Asset	The provision for income taxes consists of the following: June 30, 2015 June 30, 2014 Deferred Tax Asset $ 314,841 $ 250,181 Less: Valuation Allowance (314,841 ) (250,181 ) Net Deferred Tax Assets $ - $ -
Schedule of Tax Years Remain Subject to Examination by Respective Tax Jurisdictions	The following tax years remain subject to examination by the respective tax jurisdictions. Fiscal Years ending June 30, Internal Revenue Service 2012 - 2015 Commonwealth of Pennsylvania 2012 - 2015

Common and Preferred Stock (Tab

Common and Preferred Stock (Tables)	12 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Summary of Outstanding Common Stock Purchase Warrants Granted and Changes During Period	A summary of the status of our outstanding common stock purchase warrants outstanding as of June 30, 2015 and 2014 and changes during the period is as follows: Shares Weighted Underlying Average Warrants exercise price Outstanding and exercisable at June 30, 2014 2,867 $ 2.00 Additions - - Outstanding and exercisable at June 30, 2015 2,867 $ 2.00
Schedule of Warrants Outstanding and Exercisable	The following information applies to all warrants outstanding and exercisable at June 30, 2015: Number of Warrants outstanding and Remaining contractual exercisable Exercise Price life (Years) 2,867 $ 2.00 0.58

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Summary of Potential Common Shares Excluded from Computation of Dilutive 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: June 30, 2015 June 30, 2014 Convertible preferred stock 1,755,000 2,715,000 Warrants attached to units sold 2,867 2,867

Nature of Business and Summar21

Nature of Business and Summary of Significant Accounting Policies (Details Narrative)	Mar. 26, 2013USD ($)	Feb. 19, 2014USD ($)	Jun. 30, 2015USD ($)Vehicles	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Jun. 13, 2012USD ($)
Acquisition of floor plan financing portfolio						$ 151,979
Number of repossessed additional vehicles | Vehicles			18
Reserve for uncollectible receivables					$ 115,000
Floor plan finance receivables				$ 196,259
Percentage of amount advanced against collateral of black book liquidation value	85.00%
Loan repossession order	15 days
Percentage of amount paid to acquire portfolio loan				100.00%
Recovered vehicle loan investment		$ 102,250
Interest and fees		$ 27,267
Floor Plan Agreement [Member]
Number of repossessed additional vehicles | Vehicles			21
Repossessed Autos [Member] | Floor Plan Agreement [Member]
Floor plan finance receivables			$ 123,425
Office Equipment [Member]
Office equipment estimated useful life			5 years
AAF And AFG [Member]
Related party receivables	$ 102,250
Loans receivable, current	141,868
Loans receivable, non current	$ 323,449

Going Concern (Details Narrativ

Going Concern (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Sales revenue	$ 0
Net loss	(214,406)	$ (488,299)
Accumulated deficit	$ 830,716	$ 616,310

Marketable Securities and Cha23

Marketable Securities and Changes in Accumulated Other Comprehensive Income (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Marketable Securities [Abstract]
Net realized gains on sale of marketable securities		$ 58,091

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Net operating loss carry forwards	$ 830,716
Future taxable income for federal and state income tax, year	through 2,035
Deferred tax benefits	$ 314,841	$ 250,181
Percentage of deferred tax assets valuation reserve	100.00%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Asset (Details) - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Deferred Tax Asset	$ 314,841	$ 250,181
Less: Valuation Allowance	$ (314,841)	$ (250,181)
Net Deferred Tax Assets

Income Taxes - Schedule of Tax

Income Taxes - Schedule of Tax Years Remain Subject to Examination by Respective Tax Jurisdictions (Details)	12 Months Ended
	Jun. 30, 2015
Internal Revenue Service [Member]
Years remain subject to examination by the respective tax jurisdictions	2012 - 2015
Commonwealth Of Pennsylvania [Member]
Years remain subject to examination by the respective tax jurisdictions	2012 - 2015

Loan from Shareholder (Details

Loan from Shareholder (Details Narrative) - USD ($)	Jun. 30, 2015	May. 01, 2015
Debt Disclosure [Abstract]
Loan from shareholder		$ 50,000
Amount due to shareholder	$ 25,000
Unused amount representing availability to borrow	$ 25,000

Common and Preferred Stock (Det

Common and Preferred Stock (Details Narrative) - USD ($)	Jan. 10, 2015	Jul. 10, 2014	Jun. 20, 2014	Feb. 13, 2013	Jun. 30, 2015	Jun. 30, 2014
Reverse Stock Split			Reverse Stock Split of 1 share of Common Stock for 10 share of outstanding Common Stock.
Issuance of unregistered shares of common stock					$ 977
Redemption of preferred stock					$ (320,000)
Stock issued during period				5,000,000
Description of stock offerings				each unit consisting of four tenths of one share 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 tenth of a 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.
Common stock price per unit				$ 6
Warrants exercise price				$ 2
Percentage of common stock included in the units				133.00%
Warrants redemption, per share				$ 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
Offering expiration date						Aug. 14, 2013
Series A Convertible Preferred Stock [Member]
Preferred stock dividend rate					4.50%
Terms of Series A Convertible Preferred Stock					each share of Series A Convertible Preferred Stock is entitled to receive cumulative annual dividends at the rate of 4.5% per year. Each share of Series A Convertible Preferred Stock is convertible into three (3) shares of our Common Stock, and the holder thereof is entitled to vote shares of Series A Convertible Preferred Stock held as common stock in accordance with the number of shares of common stock into which such preferred shares are convertible.
Preferred stock dividend price per share					$ 1
Redemption of preferred stock, shares	320,000
Redemption of preferred stock	$ 320,000
Friedman Financial Group [Member]
Issuance of unregistered shares of common stock		$ 977
Issuance of unregistered value of common stock		9,768,000

Common and Preferred Stock - Su

Common and Preferred Stock - Summary of Outstanding Common Stock Purchase Warrants Granted and Changes During Period (Details) - Warrant [Member]	12 Months Ended
	Jun. 30, 2015$ / sharesshares
Shares Underlying Warrants, Outstanding and exercisable, Beginning balance | shares	2,867
Shares Underlying Warrants, Additions | shares
Shares Underlying Warrants, Outstanding and exercisable, Ending balance | shares	2,867
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 - Sc

Common and Preferred Stock - Schedule of Warrants Outstanding and Exercisable (Details) - $ / shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Feb. 13, 2013
Warrants Outstanding and Exercisable, Exercise Price			$ 2
Warrant [Member]
Number of Warrants outstanding and exercisable	2,867
Warrants Outstanding and Exercisable, Exercise Price	$ 2	$ 2
Warrants Outstanding and Exercisable, Remaining contractual life (Years)	6 months 29 days

Loss Per Share - Summary of Pot

Loss Per Share - Summary of Potential Common Shares Excluded from Computation of Dilutive Net Loss Per Share (Details) - shares	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Convertible Preferred Stock [Member]
Potential common shares	1,755,000	2,715,000
Warrants Attached To Units Sold [Member]
Potential common shares	2,867	2,867

Related Party Transactions (Det

Related Party Transactions (Details Narrative)	Mar. 26, 2013USD ($)	Aug. 01, 2012USD ($)	Jan. 31, 2015USD ($)	Jun. 30, 2015USD ($)ft²	Jun. 30, 2014USD ($)
Lease monthly payment		$ 2,500
Security deposit
Rent expense			$ 10,000	$ 10,000	$ 30,000
Due from related parties				$ 5,024	$ 7,000
Loans fully repaid date				July 2,014
AAF And AFG [Member]
Due to sellers	$ 102,250
Loans receivables, current	141,868
Loans receivables, non-current	$ 323,449
Minimum percentage of current loans recovery from sellers	70.00%
Percentage of current loans collected from sellers	70.00%
Friedman Financial Group, LLC [Member]
Received reimbursement from related parties				$ 25,129
Reimbursement expenses				14,941
Reimbursable expenses incurred on behalf of the Company				18,124
Joseph Friedman & Sons [Member]
Reimbursable expenses incurred on behalf of the Company				$ 18,842
June 30, 2016 [Member]
Area of lease rent free | ft²				500

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Mr. Gulko [Member] - Subsequent Event [Member]	Jul. 22, 2015shares
Common Stock [Member]
Conversion of debt into shares	490,000
Series A Convertible Preferred Stock [Member]
Conversion of debt into shares	48,237