Document_And_Entity_Informatio
Document And Entity Information | 6 Months Ended | |
Mar. 31, 2015 | 7-May-15 | |
Document Information [Line Items] | ||
Entity Registrant Name | 4NET SOFTWARE INC | |
Entity Central Index Key | 812149 | |
Current Fiscal Year End Date | -21 | |
Entity Filer Category | Smaller Reporting Company | |
Trading Symbol | FNSI | |
Entity Common Stock, Shares Outstanding | 9,261,017 | |
Document Type | 10-Q | |
Amendment Flag | FALSE | |
Document Period End Date | 31-Mar-15 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2015 |
BALANCE_SHEETS
BALANCE SHEETS (USD $) | Mar. 31, 2015 | Sep. 30, 2014 |
CURRENT ASSETS | ||
Cash | $590 | $1,489 |
TOTAL ASSETS | 590 | 1,489 |
CURRENT LIABILITIES | ||
Accounts payable and accrued expenses | 3,207 | 12,706 |
Related party note and interest payable | 212,863 | 185,668 |
TOTAL CURRENT LIABILITIES | 216,070 | 198,374 |
COMMITMENTS AND CONTINGENCIES | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred stock, $.01 par value; authorized - 5,000,000 shares - issued and outstanding - none | 0 | 0 |
Common stock $.00001 par value; authorized - 100,000,000 shares - issued and outstanding - 9,261,017 on March 31, 2015 and on September 30, 2014 | 93 | 93 |
Capital in excess of par value | 3,198,255 | 3,198,255 |
Accumulated deficit | -3,413,828 | -3,395,233 |
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) | -215,480 | -196,885 |
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY (DEFICIT) | $590 | $1,489 |
BALANCE_SHEETS_Parenthetical
BALANCE SHEETS [Parenthetical] (USD $) | Mar. 31, 2015 | Sep. 30, 2014 |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $0.00 | $0.00 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 9,261,017 | 9,261,017 |
Common stock, shares, outstanding | 9,261,017 | 9,261,017 |
STATEMENTS_OF_OPERATIONS
STATEMENTS OF OPERATIONS (USD $) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2015 | Mar. 31, 2014 | Mar. 31, 2015 | Mar. 31, 2014 | |
REVENUES | $0 | $0 | $0 | $0 |
OPERATING EXPENSES | ||||
General and Administrative | 6,950 | 6,060 | 10,900 | 10,260 |
TOTAL OPERATING EXPENSES | -6,950 | -6,060 | -10,900 | -10,260 |
LOSS FROM OPERATIONS | -6,950 | -6,060 | -10,900 | -10,260 |
Interest expense | -3,963 | -3,242 | -7,695 | -6,398 |
OTHER INCOME/(EXPENSE) | -3,963 | -3,242 | -7,695 | -6,398 |
NET LOSS | ($10,913) | ($9,302) | ($18,595) | ($16,658) |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING-Basic and Dilutive (in shares) | 9,261,017 | 9,261,017 | 9,261,017 | 9,261,017 |
NET LOSS PER COMMON SHARE - Basic and Dilutive (in dollars per shares) | $0 | $0 | $0 | $0 |
STATEMENTS_OF_CASH_FLOWS
STATEMENTS OF CASH FLOWS (USD $) | 6 Months Ended | |
Mar. 31, 2015 | Mar. 31, 2014 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net loss | ($18,595) | ($16,658) |
Changes in assets and liabilities: | ||
Decrease in accounts payable and Accrued expenses | -1,804 | -2,702 |
Net Cash Used in Operating Activities | -20,399 | -19,360 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Proceeds from related party note payable | 19,500 | 22,000 |
Net Cash Provided by Financing Activities | 19,500 | 22,000 |
Net Increase/(Decrease) in Cash | -899 | 2,640 |
CASH - BEGINNING OF PERIOD | 1,489 | 163 |
CASH - END OF PERIOD | $590 | $2,803 |
SUMMARY_OF_SIGNIFICANT_ACCOUNT
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies [Text Block] | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
The accompanying condensed interim financial statements of 4net Software, Inc. (the "Company") are unaudited. In the opinion of management, the interim data includes all normally recurring adjustments, necessary for a fair presentation of the results for the interim period. The results of operations for the three months and six months ended March 31, 2015 are not necessarily indicative of the operating results for the entire year. | |
The condensed interim financial statements included herein are prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosure normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America has been condensed or omitted pursuant to such rules and regulations. In the opinion of management, the disclosures made are adequate to make the information not misleading. These condensed interim financial statements should be read in conjunction with the financial statements and notes included in the Company's Form 10-K for the year ended September 30, 2014. | |
USE OF ESTIMATES - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. | |
CASH EQUIVALENTS - For purposes of reporting cash flows, management considers as cash equivalents all highly liquid investments with a maturity of three months or less at the time of purchase. At March 31, 2015, the Company had no cash equivalents. | |
GOING_CONCERN
GOING CONCERN | 6 Months Ended |
Mar. 31, 2015 | |
Going Concern [Abstract] | |
Going Concern [Text Block] | NOTE 2 - GOING CONCERN |
The accompanying condensed interim financial statements have been prepared on the basis of accounting principles applicable to a going concern which contemplates the realization of assets and extinguishment of liabilities in the normal course of business. As shown in the accompanying condensed interim financial statements, the Company has an accumulated deficit of approximately $3.4 million through March 31, 2015. As of March 31, 2015, the Company has no principal operations or significant revenue producing activities, which raises substantial doubt about its ability to continue as a going concern. The Company's condensed interim financial statements do not include any adjustments related to the carrying value of assets or the amount and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. The Company's ability to establish itself as a going concern is dependent on its ability to merge with another entity. The outcome of this matter cannot be determined at this time. | |
CONTROL
CONTROL | 6 Months Ended |
Mar. 31, 2015 | |
Stockholders' Equity Note [Abstract] | |
Stockholders' Equity Note Disclosure [Text Block] | NOTE 3 - CONTROL |
As of March 31, 2015 Mr. Bronson beneficially owns 5,560,210 shares of the Company's common stock. Mr. Bronson's beneficial ownership represents approximately 60% of the Company's issued and outstanding shares of common stock. Accordingly, Mr. Bronson has effective control of the Company. In the election of directors, stockholders are not entitled to cumulate their votes for nominees. Accordingly, as a practical matter, Mr. Bronson may be able to elect all of the Company's directors and otherwise direct the affairs of the Company. | |
DUE_TO_RELATED_PARTY
DUE TO RELATED PARTY | 6 Months Ended |
Mar. 31, 2015 | |
Related Party Transactions [Abstract] | |
Related Party Transactions Disclosure [Text Block] | NOTE 4 - DUE TO RELATED PARTY |
Since February 3, 2009, the Company's president and principal executive officer has loaned the Company money to fund working capital needs to pay operating expenses. The loans are repayable upon demand and accrue interest at the rate of 10% per annum. As of March 31, 2015, the aggregate principal loan balance amounted to $165,196 and such loans have accrued interest of $47,667 through March 31, 2015. | |
Effective March 1, 2015, the Company relocated its principal offices to 31248 Oak Crest Drive, Suite 110, Westlake Village, California 91361. The Company 's new telephone number is (805) 416-7054. The Company occupies a portion of the offices occupied by BKF Capital Group, Inc. on a month to month basis for a monthly fee of $50 per month paid to BKF Capital Group, Inc. Steven N. Bronson, the Company 's Chairman, CEO and controlling shareholder, is also the Chairman, CEO and controlling shareholder of BKF Capital Group, Inc. | |
Prior to March 1, 2015, the Company occupied a portion of the offices occupied by BKF Capital Group, Inc., on a month to month basis for a fee of $100 per month. Steven N. Bronson, the Company's Chairman, CEO, and majority shareholder, is also the Chairman, CEO and majority shareholder of BKF Capital Group, Inc. During the years ended December 31, 2014 and 2013, the Company paid $1,200 per year to BKF Capital Group, Inc. for office space. | |
SUMMARY_OF_SIGNIFICANT_ACCOUNT1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Mar. 31, 2015 | |
Accounting Policies [Abstract] | |
Use of Estimates, Policy [Policy Text Block] | USE OF ESTIMATES - The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Cash and Cash Equivalents, Policy [Policy Text Block] | CASH EQUIVALENTS - For purposes of reporting cash flows, management considers as cash equivalents all highly liquid investments with a maturity of three months or less at the time of purchase. At March 31, 2015, the Company had no cash equivalents. |
GOING_CONCERN_Details_Textual
GOING CONCERN (Details Textual) (USD $) | Mar. 31, 2015 | Sep. 30, 2014 |
Going Concern [Line Items] | ||
Retained Earnings (Accumulated Deficit) | ($3,413,828) | ($3,395,233) |
CONTROL_Details_Textual
CONTROL (Details Textual) | Mar. 31, 2015 | Sep. 30, 2014 |
Control [Line Items] | ||
Common Stock, Shares Issued | 9,261,017 | 9,261,017 |
Majority Shareholder [Member] | ||
Control [Line Items] | ||
Common Stock, Shares Issued | 5,560,210 | |
Beneficial Ownership Percentage | 60.00% |
DUE_TO_RELATED_PARTY_Details_T
DUE TO RELATED PARTY (Details Textual) (USD $) | 3 Months Ended | 12 Months Ended | 1 Months Ended | 2 Months Ended | |
Mar. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013 | Mar. 31, 2015 | Feb. 28, 2015 | |
Management [Member] | |||||
Related Party Transaction [Line Items] | |||||
Related Party Transaction, Rate | 10.00% | ||||
Notes Payable Related Parties Classified Current Excluding Interest | $165,196 | $165,196 | |||
Accrued Interest Related Party Current | 47,667 | 47,667 | |||
BKF Capital Group [Member] | |||||
Related Party Transaction [Line Items] | |||||
Operating Leases, Rent Expense | 1,200 | 1,200 | |||
BKF Capital Group [Member] | Effective March 1, 2015 [Member] | |||||
Related Party Transaction [Line Items] | |||||
Monthly Rental Expenses | 50 | ||||
BKF Capital Group [Member] | Prior To March 1, 2015 [Member] | |||||
Related Party Transaction [Line Items] | |||||
Monthly Rental Expenses | $100 |