Ferd (FERD) 10-Q 12 May 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Mar. 31, 2017shares
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Registrant Name	Ferd Corp.
Entity Central Index Key	1,687,242
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding	75,000,000

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2017	Sep. 30, 2016
Assets
Cash	$ 11,431	$ 3,773
Inventory (Note 3)	3,131	2,196
Prepaid expenses (Note 6)	0	2,700
Total assets	14,562	8,669
Due to related party (Note 4)	7,693	7,693
Total liabilities	$ 7,693	$ 7,693
Common stock, Authorized: 75,000,000 common shares, $0.001 par value, 2,800,000 shares issued and outstanding	2,800	2,800
Stock subscriptions received (Note 5)	$ 10,000	$ 0
Deficit	(5,931)	(1,824)
Total shareholders' equity	6,869	976
Total liabilities and shareholders' equity	$ 14,562	$ 8,669

Condensed Balance Sheets (Unau3

Condensed Balance Sheets (Unaudited) (Parenthetical) - USD ($)	Mar. 31, 2017	Sep. 30, 2016
Statement of Financial Position [Abstract]
Common stock, Authorized	$ 75,000,000	$ 75,000,000
Authorized: 75,000,000 common shares	2,800,000	2,800,000
shares issued and outstanding	2,800	2,800
Stock subscriptions received (Note 5)	10,000
Deficit	5,931	1,824
Total shareholders' equity	6,869	976
Total liabilities and shareholders' equity	$ 14,562	$ 8,669

Condensed Statements of Operati

Condensed Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2017
Income Statement [Abstract]
Sales revenue	$ 1,500	$ 8,950
Cost of goods sold	102	549
Gross profit	1,398	8,401
General and administrative	1,976	2,793
Professional fees	1,500	7,015
Rent	1,350	2,700
Total expenses	4,826	12,508
Net loss and comprehensive loss for the period	$ (3,428)	$ (4,107)
Weighted average shares outstanding	2,800,000	2,800,000

Condensed Statement of Cash Flo

Condensed Statement of Cash Flows	6 Months Ended
	Mar. 31, 2017USD ($)
Operating activities
Net loss for the period	$ (4,107)
Inventory	(935)
Prepaid expenses	2,700
Net cash used by operating activities	(2,342)
Proceeds from stock subscriptions	10,000
Net cash provided by financing activities	10,000
Increase in cash	7,658
Cash, beginning of period	3,773
Cash, end of period	$ 11,431

Nature of Operations and Contin

Nature of Operations and Continuance of Business	6 Months Ended
	Mar. 31, 2017
Nature of Operations and Continuance of Business [Abstract]
Nature of Operations and Continuance of Business	1. Nature of Operations and Continuance of Business Ferd (the “Company”) was incorporated in the State of Nevada on July 1, 2016. The Company is a development stage company and its business is producing and selling fabric flowers. These interim condensed financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and ultimately the attainment of profitable operations. As at March 31, 2017, the Company has an accumulated deficit of $5,931 since inception. These factors raise substantial doubt regarding the Company's ability to continue as a going concern. These interim 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.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Mar. 31, 2017
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies (a) Basis of Presentation The accompanying interim condensed financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission for the fiscal year ended September 30, 2016. In the opinion of management, the accompanying interim condensed financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company's financial position and the results of its operations and its cash flows for the periods shown. (b) Use of Estimates The preparation of these interim condensed financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from these estimates. The results of operations and cash flows for the period shown are not necessarily indicative of the results to be expected for the full year. (c) Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Inventory

Inventory	6 Months Ended
	Mar. 31, 2017
Inventory [Abstract]
Inventory	3. Inventory As at March 31, 2017, the Company has $3,131 (September 30, 2016 - $2,196) of inventory comprised of raw materials for fabric flowers.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	4. Related Party Transactions As at March 31, 2017, the Company owed $7,693 (September 30, 2016 - $7,693) to the President of the Company, which is unsecured, non-interest bearing, and due on demand.

Common Stock

Common Stock	6 Months Ended
	Mar. 31, 2017
Common Stock [Abstract]
Common Stock	5. Common Stock During the period ended March 31, 2017, the Company received stock subscription proceeds of $10,000 for the issuance of 500,000 shares of common stock at $0.02 per share, which have not been issued as at March 31, 2017 and have been recorded as stock subscriptions received. Refer to Note 7. 7 FERD Notes to the Condensed Financial Statements Period ended March 31, 2017 (Expressed in US dollars) (unaudited)

Commitment

Commitment	6 Months Ended
	Mar. 31, 2017
Commitment [Abstract]
Commitment	6. Commitment On September 20, 2016, the Company entered into a one year office lease agreement with an unrelated party for $450 per month commencing October 1, 2016. As at March 31, 2017, the Company prepaid $nil (September 30, 2016 - $2,700) of office lease costs and are committed to additional lease payments of $2,700 until September 30, 2017.

Subsequent Event

Subsequent Event	6 Months Ended
	Mar. 31, 2017
Subsequent Event [Abstract]
Subsequent Event	7. Subsequent Event On April 27, 2017, the Company issued 950,000 shares of common stock at $0.02 per share for proceeds of $19,000, of which $10,000 was received prior to March 31, 2017. 8

Significant Accounting Polici13

Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2017
Significant Accounting Policies (Policies) [Abstract]
Basis of Presentation	(a) Basis of Presentation The accompanying interim condensed financial statements of the Company should be read in conjunction with the financial statements and accompanying notes filed with the U.S. Securities and Exchange Commission for the fiscal year ended September 30, 2016. In the opinion of management, the accompanying interim condensed financial statements reflect all adjustments of a recurring nature considered necessary to present fairly the Company's financial position and the results of its operations and its cash flows for the periods shown. (b) Use of Estimates The preparation of these interim condensed financial statements in accordance with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported. Actual results could differ materially from these estimates. The results of operations and cash flows for the period shown are not necessarily indicative of the results to be expected for the full year. (c) Recent Accounting Pronouncements The Company has implemented all new accounting pronouncements that are in effect and that may impact its financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

Nature of Operations and Cont14

Nature of Operations and Continuance of Business (Details Text)	Mar. 31, 2017USD ($)
Nature Of Operations And Continuance Of Business_ [Abstract]
As at March 31, 2017, the Company has an accumulated deficit of $5,931 since inception	$ 5,931

Inventory (Details Text)

Inventory (Details Text) - USD ($)	Mar. 31, 2017	Sep. 30, 2016
Inventory_ [Abstract]
As at March 31, 2017, the Company has $3,131 (September 30, 2016 - $2,196) of inventory comprised of raw materials for fabric flowers.	$ 3,131	$ 2,196

Related Party Transactions (Det

Related Party Transactions (Details Text) - USD ($)	Mar. 31, 2017	Sep. 30, 2016
Related Party Transactions [Abstract]
As at March 31, 2017, the Company owed $7,693 (September 30, 2016 - $7,693) to the President of the Company, which is unsecured, non-interest bearing, and due on demand.	$ 7,693	$ 7,693

Common Stock (Details Text)

Common Stock (Details Text)	Mar. 31, 2017USD ($)
Common Stock [Abstract]
During the period ended March 31, 2017, the Company received stock subscription proceeds of $10,000 for the issuance of 500,000 shares of common stock at $0.02 per share, which have not been issued as at March 31, 2017 and have been recorded as stock subscriptions received	$ 10,000

Commitment (Details Text)

Commitment (Details Text)	Mar. 31, 2017USD ($)
Commitment [Abstract]
As at March 31, 2017, the Company prepaid $nil (September 30, 2016 - $2,700) of office lease costs and are committed to additional lease payments of $2,700 until September 30, 2017.	$ 2,700

Subsequent Event (Details Text)

Subsequent Event (Details Text)	Apr. 27, 2017USD ($)
Subsequent_ Event_ [Abstract]
On April 27, 2017, the Company issued 950,000 shares of common stock at $0.02 per share for proceeds of $19,000, of which $10,000 was received prior to March 31, 2017.	$ 19,000
which $10,000 was received prior to March 31, 2017	$ 10,000