v2.4.0.8

Condensed Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended		74 Months Ended
Condensed Statements of Operations (Unaudited) (USD $)	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013
Income Statement [Abstract]
Revenues	$ 0	$ 0	$ 0	$ 0	$ 0
Expenses
General and Administrative	1,060	1,766	2,730	4,171	31,032
Interest					15
Total Expenses	1,060	1,766	2,730	4,171	31,047
Net Loss for the Period Before Taxes	(1,060)	(1,766)	(2,730)	(4,171)	(31,047)
Franchise Tax			350	350	1,200
Net Loss for the Period After Taxes	$ (1,060)	$ (1,766)	$ (3,080)	$ (4,521)	$ (32,247)
Loss per Share - Basic and Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00	$ (0.01)
Weighted Average Common Shares Outstanding	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000

The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

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The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.

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This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.

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The cost of borrowed funds accounted for as interest that was charged against earnings during the period.

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Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.

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The component of income tax expense representing amounts paid or payable (or refundable) which are classified as "income taxes" as determined by applying the provisions of enacted tax law to other than the taxable Income or Loss from continuing operations for the period. Items affecting income taxes and required to be disclosed, but not included elsewhere, would also be designated as "Other".

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Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains.

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Average number of shares or units issued and outstanding that are used in calculating basic and diluted earnings per share (EPS).

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AFH HOLDING V, INC 10-Q