Ferd (FERD) 10-Q 31 Jan 19 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2018	Jan. 31, 2019
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
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		118,421,059

Condensed Balance Sheets (Unaud

Condensed Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2018	Sep. 30, 2017
Current assets
Cash	$ 0	$ 6,450
Inventory (Note 3)	4,683	4,949
Prepaid expenses	0	1,350
Total current assets	4,683	12,749
Equipment (Note 5)	3,406	0
Total assets	8,089	12,749
Current liabilities
Accounts payable	4,634	1,500
Due to related party (Note 4)	16,293	7,793
Total liabilities	$ 20,927	$ 9,293
Stockholders' equity (deficit)
Preferred stock, Authorized: 10,000,000 preferred shares, $0.001 par value, nil shares issued and outstanding	0	0
Common stock, Authorized: 300,000,000 common shares, $0.001 par value, 118,421,059 shares issued and outstanding	118,421	118,421
Additional paid-in capital	$ (96,621)	$ (96,621)
Deficit	(34,638)	(18,344)
Total stockholders' equity (deficit)	(12,838)	3,456
Total liabilities and stockholders' equity (deficit)	$ 8,089	$ 12,749

Condensed Balance Sheets (Una_2

Condensed Balance Sheets (Unaudited) (Parenthetical)	Jun. 30, 2018USD ($)
Statement of Financial Position [Abstract]
Preferred stock, Authorized: 10,000,000 preferred shares, $0.001 par value, nil shares issued and outstanding	$ 0.001
Common stock, Authorized: 300,000,000 common shares, $0.001 par value, 118,421,059 shares issued and outstanding	$ 0.001

Condensed Statements of Operati

Condensed Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
Sales revenue	$ 0	$ 0	$ 6,850	$ 8,950
Cost of goods sold	0	0	267	549
Gross profit	0	0	6,583	8,401
Expenses
Advertising expense	0	2,085	0	2,085
Depreciation (Note 5)	366	0	974	0
General and administrative	98	5,805	12,203	8,598
Professional fees	1,500	4,015	7,000	11,030
Rent	0	1,350	2,700	4,050
Total expenses	1,964	13,255	22,877	25,763
Net loss and comprehensive loss for the period	$ (1,964)	$ (13,255)	$ (16,294)	$ (17,362)
Loss per share, basic and diluted	$ 0	$ 0	$ 0	$ 0
Weighted average shares outstanding	118,421,059	3,468,132	118,421,059	3,022,711

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($)	9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating activities
Net loss for the period	$ (16,294)	$ (17,362)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation	974	0
Changes in operating assets and liabilities:
Inventory	266	(935)
Prepaid expenses	1,350	0
Accounts payable and accrued liabilities	3,134	1,922
Net cash used by operating activities	(10,570)	(16,375)
Investing activities
Purchase of property and equipment	(4,380)	0
Net cash used in investing activities	(4,380)	0
Financing activities
Proceeds from issuance of common stock	0	19,000
Proceeds from related party loans	8,500	100
Net cash provided by financing activities	8,500	19,100
Decrease in cash	(6,450)	2,725
Cash, beginning of period	6,450	3,773
Cash, end of period	0	6,498
Supplemental disclosures:
Interest paid	0	0
Income taxes paid	$ 0	$ 0

Nature of Operations and Contin

Nature of Operations and Continuance of Business	9 Months Ended
	Jun. 30, 2018
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 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 and during the period ended June 30, 2018, the Company has a negative cash flow from operating activities, and an accumulated deficit of $34,638 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These condensed 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	9 Months Ended
	Jun. 30, 2018
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies (a) The accompanying 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, 2018. 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) 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	9 Months Ended
	Jun. 30, 2018
Inventory [Abstract]
Inventory	3. As at June 30, 2018, the Company has $4,683 (September 30, 2017 - $4,949) of inventory comprised of raw materials for fabric flowers.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	4. As at June 30, 2018, the Company owed $16,293 (September 30, 2017 - $7,793) to the President of the Company, which is unsecured, non-interest bearing, and due on demand. 7 FERD Notes to the Condensed Financial Statements Period ended March 31, 2018 (Expressed in US dollars) (unaudited)

Equipment

Equipment	9 Months Ended
	Jun. 30, 2018
Equipment [Abstract]
Equipment	5. Net Carrying Value Accumulated June 30, September 30, Cost Depreciation 2018 2017 $ $ $ $ Office equipment 4,380 974 3,406 –

Common Shares

Common Shares	9 Months Ended
	Jun. 30, 2018
Common Shares [Abstract]
Common Shares	6. On February 22, 2018, the Company authorized a forward stock split of its issued and outstanding common shares on a basis of 31.578 new shares for every one old share. In addition, the Company authorized an increase in the number of authorized shares to 10,000,000 preferred shares with a par value of $0.001 per share and 300,000,000 common shares with a par value of $0.001 per share. The effects of the forward stock split have been applied on a retroactive basis. 8

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2018
Significant Accounting Policies (Policies) [Abstract]
Basis of Presentation	(a) The accompanying 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, 2018. 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) 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.

Equipment (Tables)

Equipment (Tables)	9 Months Ended
	Jun. 30, 2018
Equipment (Tables) [Abstract]
Equipment	5. Net Carrying Value Accumulated June 30, September 30, Cost Depreciation 2018 2017 $ $ $ $ Office equipment 4,380 974 3,406 –

Nature of Operations and Cont_2

Nature of Operations and Continuance of Business (Details Text)	Jun. 30, 2018USD ($)
Nature Of Operations And Continuance Of Business_ [Abstract]
As at and during the period ended June 30, 2018, the Company has a negative cash flow from operating activities, and an accumulated deficit of $34,638 since inception	$ 34,638

Inventory (Details Text)

Inventory (Details Text) - USD ($)	Jun. 30, 2018	Sep. 30, 2017
Inventory Disclosure [Abstract]
As at June 30, 2018, the Company has $4,683 (September 30, 2017 - $4,949) of inventory comprised of raw materials for fabric flowers.	$ 4,683	$ 4,949

Related Party Transactions (Det

Related Party Transactions (Details Text) - USD ($)	Jun. 30, 2018	Sep. 30, 2017
Related Party Transaction, Due from (to) Related Party, Current [Abstract]
As at June 30, 2018, the Company owed $16,293 (September 30, 2017 - $7,793) to the President of the Company, which is unsecured, non-interest bearing, and due on demand.	$ 16,293	$ 7,793

Equipment (Details 1)

Equipment (Details 1)	Jun. 30, 2018USD ($)
Property, Plant and Equipment, Net [Abstract]
Office equipment,Cost	$ 4,380
Office equipment, Accumulated Depreciation	974
Office equipment, Net Carrying Value	$ 3,406

Common Shares (Details Text)

Common Shares (Details Text)	Feb. 22, 2018shares
Common Shares [Abstract]
In addition, the Company authorized an increase in the number of authorized shares to 10,000,000 preferred shares with a par value of $0.001 per share	10,000,000
In addition, the Company authorized 300,000,000 common shares with a par value of $0.001 per share	300,000,000