UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 10-Q

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended ~~December~~March 31, ~~2014~~2015

[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ~~___________~~ ______________ to ~~___________~~______________

Commission file number: 333-184682

AVANGARD CAPITAL GROUP, INC. (Exact name of registrant as specified in its charter)

(Exact name of registrant as specified in its charter)

Nevada		45-5507359
(State or other jurisdiction		(IRS Employer
of incorporation)		Identification No.)

Nevada		45-5507359
2708 Commerce Way Suite 300, Philadelphia PA		19154
(State or other jurisdiction		(IRS Employer
(Address of principal executive offices)		(Zip Code)
of incorporation or organization)		Identification No.)

2708 Commerce Way, Suite 300, Philadelphia PA		19154
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (215) 464-7300

Not Applicable.

(Former name or former address, if changed since last report)

~~Registrant’s~~Indicate by check mark ~~telephone~~whether ~~number,~~the ~~including~~registrant ~~area~~(1) ~~code:~~has filed all reports required to be filed by Section 13 or 15(~~215~~d) ~~464-7300~~of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Not Applicable.

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act~~. (Check one):~~

Large accelerated filer	[ ]	Accelerated filer	[ ]

Non-accelerated filer	[ ]	Smaller reporting company	[X]
(Do not check if smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes [ ] No [X]

As of ~~February~~May 1718, 2015, there were 10,781,466 shares issued and outstanding of ~~registrant~~Registrant’s ~~common~~Common ~~stock~~Stock.

TABLE OF CONTENTS

PART I - FINANCIAL INFORMATION
Item 1	Financial Statements (unaudited)	~~F-1~~	F-1
	Condensed Balance Sheets as of December 31, 2014 (unaudited) and June 30, 2014	F-1
	Condensed Balance Sheets as of March 31, 2015 (unaudited) and June 30, 2014		F-1
	Condensed Statements of Operations for the Three and Six Months Ended December 31, 2014 and 2013 (unaudited)	F-2
	Condensed Statements of Operations for the Three and Nine months Ended March 31, 2015 and 2014 (unaudited)		F-2
	Condensed Statements of Comprehensive Loss for the Three and Six Months Ended December 31, 2014 and 2013 (unaudited)	F-3
	Condensed Statements of Comprehensive Loss for the Three and Nine months Ended March 31, 2015 and 2014 (unaudited)		F-3
	Condensed Statements of Cash Flows for the Six Months Ended December 31, 2014 and 2013 (unaudited)	F-4
	Condensed Statements of Cash Flows for the Nine months Ended March 31, 2015 and 2014 (unaudited)		F-4
Item 2	Management’s Discussion and Analysis of Financial Condition and Results of Operations	3	3
Item 3	Quantitative and Qualitative Disclosures About Market Risk	5	5
Item 4	Controls and Procedures	5	5
PART II - OTHER INFORMATION
Item 1	Legal Proceedings	6	6
Item 1A	Risk Factors	6	6
Item 2	Unregistered Sales of Equity Securities and Use of Proceeds	6	6
Item 3	Defaults Upon Senior Securities	6	6
Item 4	Mine Safety Disclosures	6	6
Item 5	Other Information	6	6
Item 6	Exhibits	6	6
Signatures		7	7

PART I 1 - FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

AVANGARD CAPITAL GROUP, INC.

CONDENSED ~~BALANCE~~ BALANCE SHEETS

	December 31, 2014			June 30, 2014
	(unaudited)
ASSETS
Current assets:
Cash	$	20,441		$	424,272
Floor plan financing receivable, net of allowance for uncollectible accounts		-			81,259
Used car inventory		82,103
Related party receivable		-			7,000
Total current assets		102,544			512,531
Property and equipment, net		3,065			3,331
Total assets	$	105,609		$	515,862
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses		9,671			24,176
Total current liabilities	$	9,671		$	24,176
Stockholders’ equity:
Convertible Preferred Stock Series A, $0.0001 par value, 300,000,000 authorized; 585,000 issued and outstanding at December 31, 2014 and 905,000 issued and outstanding at June 30, 2014;		58			90
Common stock, $0.0001 par value, 100,000,000 authorized; 10,781,466 shares issued and outstanding at December 31, 2014 and 1,013,466 shares at June 30, 2014		1,078			101
Additional paid in capital		787,837			1,107,805
Subscription receivable		(977	)		-
Accumulated (deficit) earnings		(692,058	)		(616,310	)
Total stockholders’ equity		95,938			491,686
Total liabilities and stockholders’ equity	$	105,609		$	515,862

(unaudited)

The accompanying notes are an integral part of these condensed financial statements.

	March 31, 2015			June 30, 2014
ASSETS
Current assets:
Cash	$	20,576		$	424,272
Floor plan financing receivable, net of allowance for uncollectable accounts		-			81,259
Used car inventory		6,825
Related party receivable		-			7,000
Total current assets		27,401			512,531
Property and equipment, net		2,932			3,331
Total assets	$	30,333		$	515,862

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses		11,745			24,176
Due to related party		33,138			-
Total current liabilities	$	44,883		$	24,176

Stockholders’ equity (deficit)
Convertible Preferred Stock Series A, $0.0001 par value, 300,000,000 authorized, 585,000 issued and outstanding at March 31, 2015 and 905,000 issued and outstanding at June 30, 2014		58			90
Common stock, $0.0001 par value, 100,000,000 authorized; Class A, 10,781,466 shares issued and outstanding at March 31, 2015 and 1,013,466 shares at June 30, 2014		1,078			101
Additional paid in capital		787,837			1,107,805
Accumulated deficit		(803,523	)		(616,310	)
Total stockholders’ (deficit) equity		(14,550	)		491,686
Total liabilities and stockholders’ equity	$	30,333		$	515,862

~~F-1~~The accompanying notes are an integral part of these condensed financial statements.

~~AVANGARD CAPITAL GROUP, INC.~~F-1

~~CONDENSED~~AVANGARD ~~STATEMENTS~~CAPITAL OFGROUP, ~~OPERATIONS~~INC.

~~(unaudited)~~CONDENSED STATEMENTS OF OPERATIONS

	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2014			2013			2014			2013
REVENUE
Fee revenue	$	-		$	11,067		$	-		$	25,558
Interest revenue		-			11,576			-			23,934
Total revenue		-			22,643			-			49,492
OPERATING EXPENSES
Selling, general and administrative		60,343			114,858			102,401			263,153
Total operating expenses		60,343			114,858			102,401			263,153
(Loss) from operations		(60,343	)		(92,215	)		(102,401	)		(213,661	)
Other income
Other income (inventory recovery)		26,355			-			26,355			-
Realized gain on marketable securities		-			53,242			-			58,091
Interest and dividend income		287			2,743			298			5,353
Total other income		26,642			55,985			26,653			63,444
Net loss	$	(33,701	)	$	(36,230	)	$	(75,748	)	$	(150,217	)
Net loss per share attributable to common shareholders - basic and diluted	$	0.00		$	(0.04	)	$	(0.01	)	$	(0.15	)
Weighted average number of common shares used in computation - basic and diluted		10,781,466			1,013,466			10,250,596			1,013,466

(unaudited)

The accompanying notes are an integral part of these condensed financial statements.

	For the Three Months Ended March 31,						For the Nine Months Ended March 31,
	2015			2014			2015			2014
REVENUE
Fee revenue	$	-		$	151		$	-		$	25,709
Interest revenue		-			3,302			-			27,236
Total revenue		-			3,453			-			52,945

OPERATING EXPENSES
Selling, general and administrative		78,114			126,720			180,515			389,873
Bad debt expense		33,378			141,591			33,378			141,591
Total operating expenses		111,492			268,311			213,893			531,464

(Loss) from operations		(111,492	)		(264,858	)		(213,893	)		(478,519	)

Other income
Realized gain on marketable securities		-			-			-		$	58,091
Other income (inventory recovery)		-			-			26,355
Interest and dividend income		26			1,289			325			6,642
Total other income		26			1,289			26,680			64,733

Net loss	$	(111,466	)	$	(263,569	)	$	(187,213	)	$	(413,786	)

Net loss per share attributable to common shareholders - basic and diluted	$	(0.01	)	$	(0.26	)	$	(0.02	)	$	(0.41	)
Weighted average number of common shares used in computation - basic and diluted		10,781,466			1,013,466			10,424,970			1,013,466

~~F-2~~The accompanying notes are an integral part of these condensed financial statements.

~~AVANGARD CAPITAL GROUP, INC.~~F-2

~~CONDENSED~~AVANGARD ~~STATEMENTS~~CAPITAL OFGROUP, ~~COMPREHENSIVE LOSS~~INC.

~~(unaudited)~~ CONDENSED STATEMENTS OF COMPREHENSIVE LOSS

	For the Three Months Ended December 31,						For the Six Months Ended December 31,
	2014			2013			2014			2013
Net loss	$	(33,701	)	$	(36,230	)	$	(75,748	)	$	(150,217	)
Other comprehensive income
Net change in unrealized gain (loss) on marketable securities		-			(36,304	)		-			(24,225	)
Total comprehensive loss	$	(33,701	)	$	(72,534	)	$	(75,748	)	$	(174,442	)

(unaudited)

The accompanying notes are an integral part of these condensed financial statements.

	For the Three Months Ended March 31,						For the Nine Months Ended March 31,
	2015			2014			2015			2014
Net loss	$	(111,466	)	$	(263,569	)	$	(187,213	)	$	(413,786	)

Other comprehensive income
Net change in unrealized gain on marketable securities	$	-		$	-		$	-		$	(24,225	)

Total comprehensive loss	$	(111,466	)	$	(263,569	)	$	(187,213	)	$	(438,011	)

~~F-3~~The accompanying notes are an integral part of these condensed financial statements.

~~AVANGARD CAPITAL GROUP, INC.~~F-3

~~CONDENSED~~AVANGARD ~~STATEMENTS~~CAPITAL OFGROUP, ~~CASH FLOWS~~INC.

~~(unaudited)~~CONDENSED STATEMENTS OF CASH FLOWS

	For the Six Months Ended December 31,
	2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$	(75,748	)	$	(150,217	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		266			266
Gain on sale of marketable securities					(58,091	)
Other income (inventory recovery)		(26,355	)		-
Changes in operating assets and liabilities:
Used car inventory		25,511			-
Used car auto financing portfolio		-			38,421
Fees receivable		-			1,785
Interest receivable		-			1,895
Related party receivable		-			(27,272	)
Other assets		7,000			2,980
Accounts payable and accrued expenses		(14,505	)		713
NET CASH USED IN OPERATING ACTIVITIES		(83,831	)		(166,550	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of marketable securities		-			(34,369	)
Sale of marketable securities					446,438
NET CASH PROVIDED BY INVESTING ACTIVITIES		-			412,069
CASH FLOWS FROM FINANCING ACTIVITIES
Stock subscription received		-			135,996
Redemption of preferred stock		(320,000	)		-
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES		(320,000	)		135,996
Net increase (decrease) in cash		(403,831	)		381,515
Cash, beginning of the period		424,272			164,049
Cash, at end of the period	$	20,441		$	545,564

(unaudited)

The accompanying notes are an integral part of these condensed financial statements.

	For the Nine Months Ended March 31,
	2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$	(187,213	)	$	(413,786	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		399			399
Gain on sale of marketable securities		-			(58,091	)
Other Income (Inventory Recovery)		(26,355	)		-
Changes in operating assets and liabilities:
Provision for doubtful accounts		-			141,591
Used car inventory		100,789			(3,621	)
Used car auto financing portfolio		-			48,868
Fees receivable		-			11,218
Interest receivable		-			9,807
Related party receivable		7,000			(2,325	)
Other assets		-			2,980
Due to related party		33,138			-
Accounts payable and accrued expenses		(12,431	)		(2,891	)
NET CASH USED IN OPERATING ACTIVITIES		(84,673	)		(265,851	)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of marketable securities		-			(34,369	)
Sale of marketable securities		-			446,438
NET CASH PROVIDED BY INVESTING ACTIVITES		-			412,069

CASH FLOWS FROM FINANCING ACTIVITIES
Stock subscription received		977			135,996
Redemption of preferred stock		(320,000	)		-
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES		(319,023	)		135,996

Net (decrease) increase in cash		(403,696	)		282,214

Cash, beginning of the period		424,272			164,049
Cash, at end of the period	$	20,576		$	446,263

~~F-4~~The accompanying notes are an integral part of these condensed financial statements.

~~AVANGARD CAPITAL GROUP, INC.~~F-4

~~NOTES~~AVANGARD TOCAPITAL ~~UNAUDITED~~GROUP, ~~CONDENSED FINANCIAL STATEMENTS~~INC.

~~December~~NOTES TO UNAUDITED ~~31,~~CONDENSED ~~2014~~FINANCIAL STATEMENTS

~~NOTE 1~~March -31, ~~NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~2015

~~Organization~~NOTE 1 - NATURE OF BUSINESS AND SUMMARY ~~and~~OF ~~Description~~SIGNIFICANT ofACCOUNTING ~~Business~~POLICIES

~~Avangard~~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 on 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~~ were 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 maintain licenses to operate in the states of [New Jersey, Pennsylvania and Florida]. We commenced business on 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. We have not commenced operations in Florida or New Jersey as we are evaluating the feasibility of expanding into these markets. In addition, we have suspended financing new loans as we explore alternative opportunities for our future growth.

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. We recovered our initial investment and earned approximately 20% in interest on the investment.

On February 19, 2014 we transferred all remaining loans receivable to AAF as we determined that the outstanding balances were either ~~uncollectible~~ 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 ~~six~~nine months ended ~~December~~March 31, ~~2014~~2015 we repossessed an18 ~~additional 14~~ vehicles. Of the 1418 vehicles we repossessed, we sold ~~nine~~ 14 vehicles at auction for a total of $61116,~~700~~600, less $23,~~467~~958 selling costs and $31,811 repair costs.

At ~~December~~ ~~31,~~March ~~2014 all remaining vehicles, as well as vehicles repossessed subsequent to December~~ 31, ~~2014,~~2015 ~~are considered inventory. At December 31, 2014~~ our inventory ofconsisted ~~used vehicles consists~~ of ~~nine~~one ~~vehicles~~vehicle with ana ~~aggregate~~ value of $826,~~103~~825.

Interim Financial Statements

The accompanying unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and in conformity with the instructions to Form 10-Q and Rule 8-03 of Regulation S-X and the related rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and note disclosures normally included in financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. However, we believe that the disclosures included in these financial statements are adequate to make the information presented not misleading. The unaudited condensed financial statements included in this document have been prepared on the same basis as the annual financial statements, and in our opinion reflect all adjustments, which include ~~normal~~ normal recurring adjustments necessary for a fair presentation in accordance with GAAP and SEC regulations for interim financial statements. The results for the ~~six~~nine months ended ~~December~~March 31, ~~2014~~2015 are not necessarily indicative of the results expected for the full year or for any subsequent interim periods. These unaudited condensed financial statements should be read in conjunction with the audited financial statements and the notes to those statements included in our Annual Report on Form 10-K for the period ended June 30, 2014 filed with the SEC on September 30, 2014.

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 include highly liquid investments with an original maturity of three month or less when purchased.

F-5

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~~ 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~~under ~~the~~ASC ~~Financial Accounting Standards Board (“FASB”) Accounting Standards Codification~~ 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~~ which serve as security for the payment of the purchased contracts, are held by us.

~~We intend~~As ~~to,~~of ~~and~~March ~~have~~31, ~~the~~2015 ~~ability~~there ~~to,~~are ~~hold~~no ~~the~~ floor plan financing receivables ~~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 ~~its~~their agreement in February 2014. The floor plan agreement carried personal guarantees and confessions of judgment, in addition to first ~~liens~~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 918 of the 21 vehicles subject to the floor plan agreement from the debtor prior to its Chapter 11 filing. Additionally, there is a question of the legality of the debtor’s sale of four (4) vehicles which were subject to financing. Since we are unable to determine the exact amount of ultimate losses, on March 31, 2014 we provided a reserve for uncollectible receivables of $115,000.

During the quarter ended December 31, 2014 we repossessed an additional four vehicles and seized one vehicle that we held for security without advancing funds. Of the 14 vehicles we repossessed, we sold nine vehicles at auction for an aggregate of $61,700. The outstanding total in Floor Plan Finance Receivables relating to the nine sold vehicles was $66,250. The loss was charged to our Allowance for Uncollectible Receivables.Inventory

AtDuring the quarter ended ~~December~~March 31, ~~2014~~2015 ~~all~~we ~~remaining~~repossessed ~~vehicles~~an ~~are~~additional ~~considered~~4 ~~inventory~~vehicles. AtOf ~~December~~the 18 vehicles we repossessed during the nine months ended March 31, 2015 ~~2014~~we ~~our~~sold ~~inventory~~14 ofvehicles ~~used~~at ~~vehicles~~auction ~~consists~~ for a total recovery of ~~nine~~$116,600, ~~vehicles~~less ~~with~~$3,958 anselling ~~aggregate~~costs and $31,811 repair costs. The value of the floor plan receivables related to the vehicles sold was $82123,~~103~~550.

~~Inventory~~At March 31, 2015 of the remaining 4 vehicles, 1 was sold in April 2015 for $6,825, and the remaining 3 vehicles are considered unsellable. Two vehicles were damaged to the extent that repairs were more costly than the value of the cars; one vehicle is being withheld from sale pending a court determination as to whether the vehicle was properly repossessed from a consumer. The carrying value of the 3 vehicles that are considered unsellable in inventory was $33,378. Since any recovery is doubtful the inventory value of the unsellable vehicles was charged to bad debts.

~~During the~~Management ~~quarter~~has ~~ended December 31, 2014, the Bankruptcy Court released all automobiles in which the Company had a security interest.~~determined ~~This action by~~ the ~~Bankruptcy~~proceeds ~~Court~~from ~~permitted us to sell~~ the ~~seized~~sale ~~vehicles and repossess some that were sold illegally by our customer. The value~~ of ~~Floor Plan Finance Receivables at September 30, 2014 was $81,963, net of~~ the ~~Allowance for Uncollectible Accounts of $115,000. The repossessed vehicles in our possession were placed in inventory at the net realizable value of the Floor Plan Finance Receivable. The value of the~~ remaining ~~nine~~ vehicles ~~in inventory at December 31~~, ~~2014~~if ~~is $82~~any,~~103.~~ ~~Five~~cannot ofbe ~~these vehicles~~reasonable ~~were sold in January 2015 for net proceeds of $53,409~~predicted.

~~Management has~~Comprehensive ~~determined the proceeds from the sale of the remaining vehicles cannot be reasonably predicted. Therefore, we will apply the cost recovery method to account for the sale of repossessed vehicles.~~Income

FComprehensive income consists of two components, net income and other comprehensive income. Other comprehensive income refers to revenue, expenses, gains, and losses that under GAAP are recorded as an element of shareholders’ equity but are excluded from net income. Other comprehensive income consists of unrealized gains on marketable securities categorized as available-6for-sale.

~~Comprehensive Income~~Concentrations of Credit Risk

~~Comprehensive income~~The ~~consists~~Company’s ofassets exposed ~~two components, net income and other comprehensive income. Other comprehensive income refers~~ to ~~revenue,~~credit ~~expenses, gains,~~risk ~~and losses that under GAAP~~ are ~~recorded~~cash asand anfinance ~~element~~and ofinterest ~~shareholders’ equity but are excluded from net income~~receivables. ~~Other comprehensive income consists of unrealized gains on marketable securities categorized as available-for-sale.~~

~~Concentrations~~For the nine months ended ofMarch ~~Credit~~31, ~~Risk~~2015, the company had no revenue. For the nine months ended March 31, 2014 one significant customer accounted for 100% for both revenue and accounts receivable.

The Company’s ~~assets~~maintains its ~~exposed~~cash tobalances ~~credit~~in ~~risk~~Federal ~~are~~Deposit Insurance Corporation (“FDIC”) insured financial institutions. At times, cash balances ~~and~~may ~~finance~~exceed ~~and~~the ~~interest~~maximum ~~receivables~~insurance offered by FDIC.

~~For the six months ended December 31, 2014, the company had no revenue. For the six months ended December 31, 2013 one significant customer accounted for 100% of both revenue and accounts receivable.~~F-6

~~The Company~~Property ~~maintains~~and ~~its cash balances in Federal Deposit Insurance Corporation (“FDIC”) insured financial institutions. At times, cash balances may exceed the maximum insurance offered by FDIC.~~Equipment

~~Property~~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 ~~Equipment~~their estimated lives are as follows:

~~Fixed assets~~Office ~~are~~Equipment ~~recorded~~5 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:years

~~Office Equipment~~Income ~~5 years~~Taxes

~~Income~~We account for income ~~Taxes~~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 nine months ended March 31, 2015

~~We account~~NOTE ~~for~~2 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~~INCOME 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 six months ended December 31, 2014.TAXES

~~NOTE~~The net deferred tax 2asset -consists ~~INCOME~~of ~~TAXES~~the following:

The net deferred tax asset consists of the following:

	March 31, 2015			June 30, 2014
Deferred Tax Asset	$	326,177		$	250,181
Less: Valuation Allowance		(326,177	)		(250,181	)
Net Deferred Tax Assets	$	-		$	-

	December 31, 2014			June 30, 2014
Deferred Tax Asset	$	293,000		$	250,181
Less: Valuation Allowance		(293,000	)		(250,181	)
Net Deferred Tax Assets	$	-		$	-

As of March 31, 2014, the Company has net operating loss carry forwards of $829,879 that can be utilized to offset future taxable income for Federal and State income tax purposes through 2024, generating a maximum deferred tax benefit of $326,177 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.

~~As of~~The ~~December~~following ~~31,~~tax ~~2014,~~years remain ~~the~~subject ~~Company has net operating loss carry forwards of $718,413 that can be utilized~~ to ~~offset~~examination ~~future taxable income for Federal and State income tax purposes through 2024, generating a maximum deferred tax benefit of $293,000~~ by ~~applying Federal and State statutory tax rates. The Company applied a 100% valuation reserve against~~ the ~~deferred~~respective tax ~~benefit, as the realization of the benefit is not certain~~jurisdictions.

The following tax years remain subject to examination by the respective tax jurisdictions.

		Fiscal Years ending June 30,
Internal Revenue Service		2012 - 2014
Commonwealth of Pennsylvania		2012 - 2014

		Fiscal Years ending June 30,
Internal Revenue Service		2012 - 2014
Commonwealth of Pennsylvania		2012 - 2014

NOTE 3 - COMMON AND PREFERRED STOCK

~~NOTE~~On June 20, 2014 the 3Board of Directors authorized the completion of the Reverse Stock Split, and effective as of June 30, 2014, we completed a reverse stock split of our issued and outstanding common stock on a 1 for 10 basis (the “Reverse Stock Split”) . Throughout this quarterly report on Form 10-Q, ~~COMMON~~each ~~AND~~instance ~~PREFERRED~~that ~~STOCK~~refers to a number of shares of our common stock refers to the number of shares of common stock after giving effect to the Reverse Stock Split, unless otherwise indicated. No fractional shares of common stock were issued as a result of the Reverse Stock Split.

~~On June~~As ~~20, 2014 the Company’s Board~~ of ~~Directors~~March ~~authorized the completion of the Reverse Stock Split~~31, ~~and effective~~2015 ~~as of June 30, 2014,~~ we ~~completed~~are aauthorized ~~reverse~~to ~~stock~~issue ~~split of our issued and outstanding common stock on a 1-for-10 basis (the “Reverse Stock Split”). Throughout this quarterly report on Form 10-Q~~100,000,000 ~~each instance that refers to a number of~~ shares of ~~our~~$0.0001 ~~common stock~~par ~~refers~~value ~~to the number of shares of~~ common stock ~~after~~of ~~giving~~which ~~effect to the Reverse Stock Split~~10,781,466 ~~unless~~are ~~otherwise indicated. No fractional shares of common stock were~~ issued asand ~~a result of the Reverse Stock Split~~outstanding.

~~As of~~On ~~December~~July 3110, 2014, wethe Company ~~are~~agreed ~~authorized~~ to issue ~~100~~to Friedman Financial Group,~~000~~ LLC, a related party, 9,250,000 shares of the Company’s Common Stock in exchange for $0925.~~0001~~ ~~par~~Simon ~~value~~Friedman, ~~common~~the ~~stock~~Company’s CEO and Chairman of ~~which~~the 10Board,~~781,466~~ ~~are~~has ~~issued~~ voting and ~~outstanding~~dispositive control over securities held by Friedman Financial Group, LLC.

~~F-7~~On July 10, 2014, the Company agreed to issue to Jerry Kindrachuk 500,000 shares of the Company’s Common Stock in exchange for $50.

On July 10, 2014, the Company agreed to issue to ~~Friedman~~Arkady ~~Financial~~“Eric” ~~Group~~Rayz, ~~LLC,~~ a ~~related~~member ~~party, 9,250,000 shares~~ of the Company’s ~~Common~~ ~~Stock~~Board inof ~~exchange~~Directors, ~~for $925. Simon Friedman~~9,000 ~~the~~shares ~~Company’s CEO and Chairman~~ of its ~~the~~Common ~~Board,~~Stock ~~has~~in ~~voting~~exchange ~~and~~for ~~dispositive control~~services ~~over~~that ~~securities~~were ~~held~~valued byat ~~Friedman Financial Group, LLC~~$1.

On July 10, 2014, the Company agreed to issue to ~~Jerry~~Robert ~~Kindrachuk 500~~Cornaglia,~~000~~ ~~shares~~a member of the Company’s Board of Directors, 9,000 shares of its Common Stock in exchange for services that were valued at $501.

OnWe are authorized to ~~July~~issue 10300, ~~2014~~000,000 ~~the~~shares ~~Company~~of ~~agreed~~$0.0001 topar ~~issue~~value toConvertible ~~Arkady~~Preferred ~~“Eric”~~Stock ~~Rayz,~~Series aA. ~~member~~On ofDecember ~~the~~29, ~~Company’s~~2014 the Board of Directors, 9approved the redemption of 320,000 shares of ~~its~~Convertible ~~Common~~Preferred Stock inSeries ~~exchange~~A ~~for~~at ~~services~~$1.00 ~~that~~per ~~were~~share. ~~valued~~As atof $1March 31, 2015 and June 30, 2014 the Company had issued and outstanding 585,000 and 905,000 shares of Convertible Preferred Stock Series A respectively.

~~On July 10, 2014, the Company agreed to issue to Robert Cornaglia, a member of the Company’s Board of Directors, 9,000 shares of its Common Stock in exchange for services that were valued at $1.~~F-7

~~We are~~Common ~~authorized to issue 300,000,000 shares of $0.0001 par value Convertible Preferred~~ Stock ~~Series~~Purchase A. On December 29, 2014 the Company redeemed 320,000 shares of Convertible Preferred Stock Series A at $1.00 per share. As of December 31, 2014 and June 30, 2014 the Company had issued and outstanding 585,000 and 905,000 shares of Convertible Preferred Stock Series A, respectively.Warrants

~~Common~~A summary of the status ~~Stock~~of ~~Purchase~~our ~~Warrants~~outstanding common stock purchase warrants granted as of March 31, 2015 and changes during the period is as follows:

A summary of the status of our outstanding common stock purchase warrants granted as of December 31, 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	$	0.20
Additions		-		-
Outstanding and exercisable at March 31, 2015		2,867	$	0.20

	Shares		Weighted
	Underlying		Average
	Warrants		exercise price
Outstanding and exercisable at June 30, 2014		2,867	$	0.20
Additions		-		-
Outstanding and exercisable at December 31, 2014		2,867	$	0.20

The following information applies to all warrants outstanding and exercisable at March 31, 2015:

The following information applies to all warrants outstanding and exercisable at December 31, 2014:

Number of Warrants
outstanding and			Remaining contractual
exercisable	Exercise Price		life (Years)
2,867	$	0.20	0.63

Number of Warrants
outstanding and				Remaining contractual
exercisable		Exercise Price		life (Years)
	2,867	$	0.20	0.88

NOTE 4 - LOSS PER SHARE

~~NOTE~~Basic net loss per share 4is -computed ~~LOSS~~by ~~PER~~dividing ~~SHARE~~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:

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:

	March 31, 2015		March 31, 2014
Convertible preferred stock		175,500		271,500
Warrants attached to units sold		2,867		2,867

	December 31, 2014		December 31, 2013
Convertible preferred stock		175,500		271,500
Warrants attached to units sold		2,867		2,867

NOTE 5 - RELATED PARTY TRANSACTIONS

~~F-8~~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 requires monthly payments, commencing August 1, 2012, of $2,500 on a month to month basis. No security deposit was required. The company suspended operations and terminated the lease with Commerce Way, LLC. Effective January 2015 the company resumed paying $2,500 per month rent on a month to month basis. Rent expense for the nine months ended March 31, 2015 and 2014 was $7,500 and $22,500 respectively.

~~NOTE~~On March 26, 2013 we 5entered into a 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 ~~RELATED~~loans ~~PARTY~~receivables ~~TRANSACTIONS~~(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.

~~We entered~~ On ~~into~~July a10, ~~lease~~2014, the ~~agreement~~Board ~~for~~of ~~office~~Directors ~~space~~accepted ~~with~~Subscription ~~Commerce~~Agreements ~~Way,~~for ~~LLC~~the ~~(“CWL”).~~purchase ~~CWL~~of ~~is owned by DJS Investments~~9,768,000 ~~LLC and~~shares ~~SELF,~~of ~~LP.~~Common ~~SELF,~~Stock LPat ispar avalue ~~shareholder~~$0.0001 per ofshare. Friedman Financial Group, ~~who~~LLC, is a ~~principal~~related ~~shareholder~~party ofand ~~our~~the ~~company.~~majority ~~The lease requires monthly payments~~shareholder, ~~commencing~~subscribed ~~August~~for 19, ~~2012~~250,000 shares of ~~$2,500~~Common Stock. onCorporate aBoard ~~month~~Members toEric ~~month~~Rayz ~~basis.~~and NoRobert ~~security~~Cornaglia ~~deposit~~subscribed ~~was~~to ~~required.~~9,000 ~~The company~~shares ~~suspended~~of ~~operations~~Common ~~and~~Stock ~~terminated~~each, ~~the~~and ~~lease~~Jerry ~~with Commerce Way~~Kindrachuk, the ~~LLC.~~financial ~~Rent~~consultant ~~expense~~to ~~for~~ the ~~six~~Company ~~months~~subscribed ~~ended~~to ~~December~~purchase 31500, ~~2014~~000 ~~and~~shares ~~2013~~of ~~was~~common ~~$0 and $15,000 respectively~~Stock.

~~On March~~Friedman’s ~~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.~~a ~~(the~~related ~~“Sellers”)~~party, ~~both~~provides ofservice ~~whom are our affiliates. Under the terms of the Purchase Agreement, we agreed~~ to ~~pay~~ the ~~Sellers~~Company ~~$102,250~~by ~~(the~~using ~~“Purchase~~their ~~Price”)~~license to ~~purchase certain~~participate ofin ~~their~~automobile ~~retail installment contract receivables as of the date of the agreement~~auctions. ~~These amounts included an aggregate~~Friedman’s ~~principal~~Financial ~~balance~~Group ofsells ~~approximately~~cars ~~$141,868~~repossessed ~~for~~by ~~current loans receivables (~~the ~~“Current~~Company ~~Loans”)~~at auction and anremits ~~aggregate~~the ~~principal balance~~proceeds ofto ~~approximately $323,449 for non-current loans receivables (~~the ~~“Non-Current Loans”)~~Company. ~~The~~Friedman’s ~~Sellers guaranteed~~financial toGroup usalso ~~that~~provided weservices ~~will~~related ~~recover~~to nomarket ~~less~~development ~~than~~and ~~70%~~new ~~of the aggregate amount of the Current Loans~~markets. IfDuring ~~we recover less than 70% of~~ the ~~aggregate amount~~quarter ofended ~~the~~March ~~Current Loans~~31, ~~the~~2015 ~~Sellers shall pay the difference to us upon demand. On February 19, 2014 we transferred all remaining~~Friedman’s ~~loans~~Financial ~~receivable~~Group ~~to AAF as we determined that the outstanding balances~~ were ~~either~~reimbursed ~~uncollectible~~$18,838 orfor ~~difficult~~expenditures toon ~~collect and~~ the ~~Company~~ ~~did not believe that pursuing further collection efforts was a good use of the~~ Company’s ~~resources~~behalf.

~~On July~~Joseph ~~10, 2014, the Board of Directors accepted Subscription Agreements for the purchase of 9,768,000 shares of Common Stock at par value $0.0001 per share.~~ Friedman ~~Financial Group~~& Sons, ~~LLC,~~ a related party ~~and~~provides ~~the~~administrative ~~majority~~and ~~shareholder,~~consulting ~~subscribed~~services for ~~9,250,000 shares~~the ~~of Common Stock~~Company. ~~Corporate~~During ~~Board~~the ~~Members~~nine ~~Eric~~months ~~Rayz~~ended ~~and~~March ~~Robert Cornaglia subscribed to 9~~31,~~000 shares of Common Stock each,~~ ~~and~~2015 ~~Jerry~~Joseph ~~Kindrachuk,~~Friedman ~~the~~& ~~financial~~Sons ~~consultant~~provided ~~to the Company subscribed to purchase 500~~$17,~~000~~779 ~~shares~~in ofreimbursable ~~common Stock~~services.

~~Friedman~~Effective as of December 29, 2014, the Company redeemed 320,000 shares of Convertible Preferred Stock Series A held by Friedman Financial Group, LLC at $1.00 per share. In addition, athe ~~related~~Company ~~party~~has offered DJS Investments, ~~provides~~LLC ~~service~~(“DJS”) the right to ~~the~~redeem ~~Company~~17,909 byshares of ~~using~~Preferred ~~its~~Stock ~~license~~Series toA ~~participate~~it inholds ~~automobile~~at ~~auctions~~$1. ~~Friedman~~00 ~~Financial~~per ~~Group,~~share. ~~LLC~~This ~~sells~~offer ~~cars~~may ~~repossessed~~be revoked by the Company at ~~auction~~any ~~and~~time ~~remits~~prior ~~the proceeds~~ to ~~the~~acceptance by ~~Company~~DJS.

~~Joseph~~The Company has entered into a financing agreement with Simon Friedman, &the ~~Sons~~Company’s Chief Executive Officer and Director, to provide a ~~related~~line ~~party~~of credit ~~provides~~sufficient ~~administrative~~to ~~and~~finance ~~consulting~~corporate ~~services~~expenses ~~for~~while the Company pursues new business opportunities. ~~During~~The ~~the~~line ~~six~~of ~~months~~credit ~~ended~~has a ~~December~~current ~~31,~~limit ~~2014~~of $30,000, ~~Joseph~~payable ~~Friedman~~on &demand ~~Sons~~at ~~provided~~no ~~$13~~interest. As of March 31,~~616~~ in2015 ~~reimbursable~~the ~~services~~amount due under this financing agreement is $33,138.

~~Effective as~~Officers ofand ~~December 29, 2014, the redeemed 320,000 shares of Convertible Preferred Stock Series A held by Friedman Financial Group,~~related ~~LLC~~parties ~~at $1.00 per share. In addition, the Company has offered DJS Investments, LLC (“DJS”) the right to redeem 17,909 shares~~ of ~~Preferred~~our ~~Stock~~company ~~Series~~provide Acertain itadministrative ~~holds~~expenses at ~~$1.00~~no ~~per share~~charge. ~~This offer may be revoked by the Company at any time prior to acceptance by DJS.~~

~~Officers and related parties of our company provide certain administrative expenses at no charge.~~F-8

~~F-9~~ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.

~~ITEM 2.~~Cautionary ~~MANAGEMENT’S~~Note ~~DISCUSSION~~Regarding ~~AND~~Forward-Looking Information ~~ANALYSIS~~and OFFactors ~~FINANCIAL~~That ~~CONDITION~~May ~~AND~~Affect ~~RESULTS~~Future ~~OF OPERATIONS.~~Results

~~Cautionary~~This report contains ~~Note~~forward-looking ~~Regarding~~statements ~~Forward~~regarding our business, financial condition, results of operations and prospects. The Securities and Exchange Commission encourages companies to disclose forward-~~Looking~~looking ~~Information~~information so that investors can better understand a company’s future prospects and make informed investment decisions. This Quarterly Report on Form 10-Q and other written and oral statements that we make from time to time contain such forward-looking statements that set out anticipated results based on management’s plans and assumptions regarding future events or performance. We have tried, wherever possible, to identify such statements by using words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance. In particular, these include statements relating to future actions, future performance or results of current and anticipated sales efforts, expenses, the outcome of contingencies, such as legal proceedings, and financial results. A list of factors that could cause our actual results of operations and financial condition to differ materially is set forth below, and these factors are discussed in greater detail under the “Risk Factors” ~~That~~section ~~May~~of ~~Affect~~our ~~Future~~Annual ~~Results~~Report on Form 10-K as filed with the SEC on September 30, 2014:

~~This report~~● ~~contains~~Our ~~forward-looking~~limited ~~statements~~operating ~~regarding~~history ~~our~~and ~~business,~~ability ~~financial~~to ~~condition,~~achieve ~~results~~profitability. of● ~~operations~~Our ~~and~~ability ~~prospects.~~to ~~The Securities~~assure ~~and~~that ~~Exchange~~related ~~Commission~~party ~~(the~~transactions ~~“SEC”)~~are ~~encourages~~fair ~~companies~~ to ~~disclose~~our ~~forward-looking~~company. ~~information~~● soOur ~~that investors~~ability ~~can~~to ~~better~~manage ~~understand~~growth ain ~~company’s~~our ~~future~~business. ~~prospects~~● ~~and~~The ~~make~~impact ~~informed~~of ~~investment~~the ~~decisions.~~volatility ~~This~~in ~~Quarterly~~the ~~Report on~~worldwide ~~Form~~credit ~~10-Q~~ and ~~other~~equity ~~written~~markets. ~~and~~● ~~oral~~The ~~statements~~departure ~~that~~of weour ~~make~~CEO, ~~from~~director ~~time~~and toprincipal ~~time~~financial ~~contain~~officer ~~such~~has ~~forward-looking~~increased ~~statements~~our ~~that set~~dependence ~~out~~on ~~anticipated~~the ~~results~~services ~~based~~provided onby ~~management’s~~Simon ~~plans~~Friedman, ~~and~~Chairman ~~assumptions~~of ~~regarding~~the ~~future~~Board ~~events~~of orDirectors ~~performance.~~and Weinterim ~~have tried~~CEO, ~~wherever~~who ~~possible,~~can toexercise ~~identify~~disproportionate ~~such~~voting ~~statements~~control byover ~~using~~corporate ~~words~~decisions. ~~such~~● asThe ~~“anticipate,”~~super ~~“estimate,” “expect,”~~voting ~~“project,”~~power ~~“intend,”~~of ~~“plan,”~~our ~~“believe,”~~interim ~~“will”~~ CEO and ~~similar~~director ~~expressions~~who inholds ~~connection~~shares ~~with~~of ~~any~~the ~~discussion~~Series ofA ~~future~~Convertible ~~operating~~Preferred orStock. ~~financial~~● ~~performance.~~Write-Offs Infor ~~particular,~~losses ~~these~~and ~~include statements~~defaults ~~relating~~on toour ~~future~~floor ~~actions,~~plan ~~future~~receivables. ~~performance~~● orThe ~~results~~impact of ~~current~~changes ~~and~~in ~~anticipated~~interest ~~sales~~rates. ~~efforts,~~● ~~expenses,~~Increased ~~the~~costs ~~outcome of~~as ~~contingencies,~~a ~~such~~result asof ~~legal~~becoming ~~proceedings,~~a ~~and~~reporting ~~financial results~~company. A● ~~list~~Our ofability ~~factors~~to ~~that~~maintain ~~could~~an ~~cause~~effective ~~our~~system ~~actual~~of ~~results~~internal ofcontrols ~~operations and~~over financial ~~condition~~reporting. to● ~~differ~~The ~~materially~~affects ison ~~set~~our ~~forth~~stock ~~below,~~price ~~and~~as ~~these~~a ~~factors~~result ~~are~~of ~~discussed~~sales ~~in greater detail under the “Risk Factors” section~~ of our ~~Annual~~common ~~Report~~stock onby ~~Form~~existing ~~10-K~~shareholders aspursuant ~~filed~~to ~~with~~Rule ~~the SEC on September 30, 2014:~~144.

●We ~~Our~~caution ~~limited~~that ~~operating~~the ~~history~~factors described herein and ~~ability~~other tofactors ~~achieve~~could ~~profitability.~~cause ●our ~~Our~~actual ~~ability~~results toof ~~assure~~operations ~~that~~and ~~related~~financial ~~party~~condition ~~transactions are fair~~ to ~~our~~differ ~~company.~~materially ●from those ~~Our~~expressed ~~ability to manage growth~~ in ~~our~~any ~~business.~~forward-looking ●statements ~~Our~~we ~~dependence~~make onand ~~one~~that ~~floor~~investors ~~plan~~should ~~financing~~not ~~agreement.~~place ●undue ~~The~~reliance ~~impact~~on ofany ~~the~~such ~~volatility in the worldwide credit and equity markets~~forward-looking statements. ~~● The departure of our CEO~~Further, ~~director~~any ~~and~~forward-looking ~~principal~~statement ~~financial~~speaks ~~officer~~only ~~has~~as ~~increased~~of ~~our~~the ~~dependence~~date on ~~the~~which ~~services~~such ~~provided~~statement byis ~~Simon Friedman~~made, ~~Chairman of the Board of Directors~~ and ~~interim~~we ~~CEO,~~undertake no ~~who~~obligation ~~can~~to ~~exercise~~update ~~disproportionate~~any ~~voting~~forward-looking ~~control~~statement ~~over~~to ~~corporate~~reflect ~~decisions.~~events ●or ~~The~~circumstances ~~super~~after ~~voting~~the ~~power~~date ofon ~~our~~which ~~interim~~such ~~CEO~~statement is ~~and~~made ~~director~~or ~~who~~to ~~holds~~reflect ~~shares~~the occurrence of ~~the~~anticipated ~~Series~~or Aunanticipated ~~Convertible~~events ~~Preferred~~or ~~Stock~~circumstances. ●New ~~Write-Offs~~factors ~~for~~emerge ~~losses~~from time to time, and ~~defaults~~it onis ~~our~~not ~~floor~~possible ~~plan~~for ~~receivables.~~us ●to ~~The~~predict ~~impact~~all of ~~changes~~such ~~in interest rates~~factors. ●Further, ~~Increased~~we ~~costs~~cannot asassess athe ~~result~~impact of ~~becoming~~each asuch ~~reporting~~factor ~~company.~~on our ●results ~~Our ability to maintain an effective system~~ of ~~internal~~operations ~~controls~~or ~~over~~the ~~financial~~extent ~~reporting.~~to ●which ~~The~~any ~~effects~~factor, onor ~~our~~combination ~~stock~~of ~~price~~factors, asmay acause ~~result~~actual ofresults ~~sales~~to ofdiffer ~~our~~materially from ~~common~~those ~~stock~~contained byin ~~existing~~any ~~shareholders~~forward-looking ~~pursuant to Rule 144~~statements.

We caution that the factors described herein and other factors could cause our actual results of operations and financial condition to differ materially from those expressed in any forward-looking statements we make and that investors should not place undue reliance on any such forward-looking statements. Further, any forward-looking statement speaks only as of the date on which such statement is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. New factors emerge from time to time, and it is not possible for us to predict all of such factors. Further, we cannot assess the impact of each such factor on our results of operations or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements.OVERVIEW

~~OVERVIEW~~We were an independent auto sales finance company that provides floor plan financing and auto financing for independent used car dealers. The loans made are based on the value of collateral (the car) as determined by us using the automobile industry’s nationally-recognized valuation sources. We maintain our licenses to operate in Pennsylvania, New Jersey and Florida. The Company has suspended financing new loans while Management and the Board of Directors explore strategic alternatives including, but not limited to, possible sale of a controlling interest in the company to allow for our future growth.

~~We are~~On anMarch ~~independent~~26, ~~auto~~2013, ~~sales~~we acquired ~~finance~~certain ~~company~~retail ~~that~~installment ~~provides~~contract ~~floor~~receivables ~~plan~~from ~~financing~~our affiliates, AAF and ~~auto~~AFG, ~~financing~~for $102,250. The receivables consisted of an aggregate principal balance of approximately $141,868 for ~~independent~~current ~~used~~loan ~~car~~receivables ~~dealers.~~and approximately $323,449 for non-current loan receivables. The ~~loans~~sellers ~~made~~guaranteed ~~are~~to ~~based~~us onthat ~~the~~we ~~value~~will recover no less than 70% of ~~collateral~~the (aggregate amount of the ~~car)~~current asloans. If ~~determined~~we byrecover usless ~~using~~than 70% of that amount, the ~~automobile~~sellers ~~industry’s~~agreed ~~nationally-recognized valuation~~to ~~sources~~pay the difference to us upon demand. WeIn ~~maintain~~2014, we recovered our ~~licenses~~entire toinvestment ~~operate~~ in ~~Pennsylvania,~~the ~~New~~loan ~~Jersey~~portfolio and ~~Florida.~~collected ~~Beginning~~100% inof ~~June~~the ~~2014,~~aggregate amount paid by the Company to acquire the loan ~~suspended~~portfolio. ~~financing~~On ~~new~~February ~~loans~~19, ~~while~~2014, ~~management~~we ~~and~~transferred ~~the~~all ~~Board~~remaining ofloans ~~Directors~~receivable ~~explore~~to ~~alternative~~AAF, ~~opportunities~~as ~~for~~we ~~our~~determined ~~future~~that ~~growth.~~the outstanding balances Inwere ~~addition,~~either ~~our~~uncollectible ~~management~~or difficult to collect and ~~Board~~the ofCompany ~~Directors~~did ~~are~~not ~~reviewing~~believe ~~additional~~that ~~business~~pursuing ~~opportunities~~further incollection ~~related~~efforts ~~businesses~~was a good use of the Company’s resources.

On March 26, 2013, we acquired certain retail installment contract receivables from our affiliates, AAF and AFG, for $102,250. The receivables consisted of an aggregate principal balance of approximately $141,868 for current loan receivables and approximately $323,449 for non-current loan receivables. 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 that amount, the sellers agreed to pay the difference to us upon demand. In 2014, we recovered our entire investment in the loan portfolio and collected 100% of the aggregate amount paid by the Company to acquire the 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.3

3Recent Developments

~~Recent~~Effective June 30, 2014, ~~Developments~~we amended and restated our articles of incorporation in order to effectuate a 1-for-10 Reverse Stock Split of our issued and outstanding common stock. As a result of the Reverse Stock Split, every 10 shares of our pre-Reverse Stock Split common stock was combined and reclassified into one share of our common stock. No fractional shares of common stock were issued as a result of the Reverse Stock Split. Throughout this quarterly report on Form 10-Q, each instance that refers to a number of shares of our common stock, refers to the number of shares of common stock after giving effect to the Reverse Stock Split, unless otherwise indicated.

~~Effective June~~We ~~30,~~define ~~2014, we amended and restated~~ our ~~articles of incorporation in order to effectuate a 1-for-10 Reverse Stock Split of~~accounting ~~our~~periods issued and outstanding common stock. As a result of the Reverse Stock Split, every 10 shares of our pre-Reverse Stock Split common stock were combined and reclassified into one share of our common stock. No fractional shares of common stock were issued as a result of the Reverse Stock Split. Throughout this quarterly report on Form 10-Q, each instance that refers to a number of shares of our common stock, refers to the number of shares of common stock after giving effect to the Reverse Stock Split, unless otherwise indicated.follows:

~~We define~~● ~~our~~“fiscal ~~accounting~~2013” ~~periods~~- asJuly ~~follows:~~1, 2012 through June 30, 2013 ● “fiscal 2014” - July 1, 2013 through June 30, 2014 ● “fiscal 2015” - July 1, 2014 through June 30, 2015

●RESULTS ~~“fiscal~~OF ~~2013” - July 1, 2012 through June 30, 2013 ● “fiscal 2014” - July 1, 2013 through June 30, 2014 ● “fiscal 2015” - July 1, 2014 through June 30, 2015~~OPERATIONS

~~RESULTS OF OPERATIONS~~Revenue

~~Revenue~~Since the Company suspended operations in June 2014 it has $0 revenue for the three and nine months ended March 31, 2015 compared to $3,453 and $52,945 for the three and nine months ended March 31, 2014 respectively.

~~Since the~~Operating Company suspended operations in June 2014 it has $0 in revenue for the three and six months ended December 31, 2014, compared to $22,643 and $49,492 for the three and six months ended December 31, 2013, respectively.Expenses

~~Operating~~Total selling, general ~~Expenses~~and administrative expenses decreased $48,606 to $78,114 for the three months ended March 31, 2015 compared to the three months ended March 31, 2014. Total operating expenses decreased $317,571 to $213,893 for the nine months ended March 31, 2015. This decrease is primarily a result of a reduction in selling, general and administrative expenses associated with our suspension of financing new loans.

~~Total~~For the three months ~~operating~~ended March 31, 2015 our expenses ~~decreased~~were ~~$54~~comprised primarily of 49,~~801~~447 related to legal, accounting and SEC compliance costs, $603,~~057~~684 in office expenses, $11,280 for ~~the~~occupancy ~~three~~expenses, ~~months~~$5,328 ~~ended~~for ~~December~~auto 31repossession services, ~~2014~~$8,376 ~~compared~~for totravel. For the ~~three~~nine months ~~ended~~ ~~December~~ended March 31, ~~2013.~~2015 ~~Total~~our ~~operating~~ expenses ~~decreased~~were comprised primarily of $~~160~~112,~~752~~683 related to legal, accounting and SEC compliance costs, $~~102~~15,~~401~~757, for ~~the~~office ~~six~~expenses, ~~months~~$11,280 ~~ended~~for ~~December~~occupancy 31expenses, ~~2014.~~$21,633 ~~This~~for ~~decrease is~~auto ~~primarily~~repossession aservices, ~~result~~$4,506 offor ~~temporary~~wages ~~suspension~~and ofbenefits, and ~~activities~~$14,657 for travel and entertainment.

~~For the~~Other three months ended December 31, 2014 our expenses were comprised primarily of $45,436 related to legal, accounting and SEC compliance costs, $7,814 in office expenses, $3,413 for auto repossession services, and $3,261 for travel. For the six months ended December 31, 2014 our expenses were comprised primarily of $63,236 related to legal, accounting and SEC compliance costs, $16,186 in office expenses, $10,442 for auto repossession services, $4,506 for wages and benefits, and $6,279 for travel and entertainment.Income

Other income is comprised ~~Income~~of interest, dividends and realized gains from the sale of marketable securities. Total other income decreased to $26 for the three months ended March 31, 2015 as compared to $1,289 for the three months ended March 31, 2014 as a result of the decreased cash resources due to suspension of activities. For the nine months ended March 31, 2015 other income decreased to $26,680 from $64,733 for the nine months ended March 31, 2014 mostly due to a reduction in income from investments.

~~Other income~~Net is comprised of interest, dividends and realized gains from the sale of marketable securities. Other income decreased to $26,642 for the three months ended December 31, 2014 as compared to $55,985 for the three months ended December 31, 2013 as a result of the conversion of all of our marketable securities to cash and cash equivalents and repossessing inventory. The company realized a gain of $0 and $53,242 from the sale of the company’s marketable securities during the three months ended December 31, 2014 and December 31, 2013, respectively. The Company realized a gain of $26,355 and $0 from repossessing inventory during the three months ended December 31, 2014 and December 31, 2013, respectively.Loss

~~LIQUIDITY~~Our net loss decreased ~~AND~~$152,103 ~~CAPITAL~~to ~~RESOURCES~~$111,466 for the three months ended March 31, 2015 compared to the same period in 2014. In addition, our net loss decreased $226,573 to $187,213 for the nine months ended March 31, 2015 compared to the same period in 2014. These decreases are a result of a reduction in our operating expenses and revenue as discussed above.

~~Liquidity is~~LIQUIDITY ~~the~~AND ~~ability~~CAPITAL of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements. As of December 31, 2014 our working capital amounted to $92,873, a decrease of $395,482 as compared to $488,355 as of June 30, 2014.RESOURCES

~~During~~ Liquidity is the ~~six~~ability of ~~months~~an ~~ended~~enterprise ~~December~~to ~~31,~~generate ~~2014~~adequate weamounts ~~repossessed~~of 14cash ~~vehicles~~to meet its needs for cash requirements. OfAs ~~the~~of 14March ~~vehicles~~31, we2015 ~~sold~~our ~~nine~~working capital ~~vehicles~~deficit atamounted ~~auction~~to ~~for~~$17,482, a ~~total~~ decrease of $61505,~~700,~~837 ~~less~~as compared to $2488,~~467~~355 ~~selling~~as ~~costs~~of June 30, 2014. The Company has entered into a financing agreement with Simon Friedman, our Chief Executive Officer and Director, to provide a line of credit sufficient to finance corporate expenses while the Company pursues new business opportunities. The line of credit has a current limit of $3130,~~811~~000, ~~repair~~payable ~~costs~~on demand at no interest.

AtDuring the nine months ~~December~~ended March 31, ~~2014~~2015 ~~all~~we ~~remaining~~repossessed 18 vehicles. ~~are~~Of ~~considered~~the ~~inventory.~~18 Atvehicles ~~December~~we ~~31,~~sold ~~2014~~14 ~~our~~vehicles ~~inventory~~at ofauction ~~used~~for ~~vehicles~~a ~~consists~~ total of ~~five~~$116,600, ~~vehicles~~less $3,959 ~~with~~in anselling ~~aggregate~~costs ~~value~~and of $8231,~~103~~811 repair costs.

~~We financed~~At ~~operations~~March ~~through cash flows from financing activities transactions and to a lesser extent~~31, ~~cash~~2015 ~~generated from our~~one ~~operations.~~vehicle ~~Net~~is ~~cash~~held ~~used~~for sale in ~~operating~~inventory ~~activities was $88,831~~ and ~~$166,550 for~~ the ~~six~~three ~~months~~remaining ~~ended~~vehicles ~~December~~are ~~31,~~considered ~~2014 and 2013, respectively~~unsellable.

~~Net~~We financed operations through cash ~~provided~~flows byfrom ~~investing~~financing activities transactions and to a lesser extent, cash generated from our operations. Net cash used in operating activities was $084,673 and $~~412~~265,~~069~~851 for the ~~six~~nine months ended ~~December~~March 31, ~~2014~~2015 and ~~2013,~~2014 respectively.,

Net cash ~~used~~provided ~~for~~by investing ~~financing~~ activities ~~for the six months ended December 31, 2014~~ was $~~320,000~~0 ~~for~~and ~~the redemption of 320~~$412,~~000~~069 ~~shares of Convertible Preferred Stock Series A. Net cash provided by financing activities~~ for the ~~six~~nine months ended ~~December~~March 31, ~~2013 was~~2015 ~~$135,996~~and ~~stemming~~2014 ~~from the sale of Convertible Preferred Stock Series A~~respectively.

4Net cash used in financing activities for the nine months ended March 31, 2015 was $319,023; $320,000 paid for the redemption of 320,000 shares of Convertible Preferred Stock Series A, and the receipt of $977 stock subscription receivable. Net cash provided by financing activities for the nine months ended March 31, 2014 was $135,996 stemming from the sale of Convertible Preferred Stock Series A.

~~Cash Requirements~~4

~~Our future~~Cash ~~capital requirements will depend on management’s ability to develop new lines of business.~~Requirements

~~We do~~Our ~~not~~future ~~currently~~capital ~~have~~requirements will ~~any~~depend ~~contractual restrictions~~ on ~~our~~management’s ability to ~~incur~~develop ~~debt~~new ~~and,~~lines ~~accordingly we could incur significant amounts~~ of ~~indebtedness to finance operations~~business. ~~Any such indebtedness could contain covenants that would restrict our operations.~~

~~Although we~~We ~~experienced~~do anot ~~reduction~~currently inhave any ~~revenues~~contractual asrestrictions aon ~~result of the default and bankruptcy of~~ our ~~primary~~ability ~~floor~~to ~~plan~~incur ~~customer~~debt and, accordingly we ~~have~~could ~~adequate resources~~incur ~~committed~~significant byamounts ~~current~~of ~~shareholders~~ indebtedness to ~~operate~~finance atoperations. aAny ~~minimal~~such ~~level~~indebtedness ~~while~~could wecontain ~~pursue~~covenants ~~the~~that ~~sale~~would ofrestrict ~~the~~our ~~remaining inventory of cars and explore new opportunities~~operations.

~~Off-Balance~~Although we experienced ~~Sheet~~a ~~Arrangements~~reduction in revenues as a result of the default and bankruptcy of our primary floor plan customer, we have adequate resources committed by current shareholders to operate at a minimal level as we have suspended financing new loans while we explore strategic alternatives.

~~Under SEC regulations, we are required to disclose our off~~Off-~~balance~~Balance ~~sheet~~Sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, such as changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. As of December 31, 2014 we have no off-balance sheet arrangements.Arrangements

~~SIGNIFICANT~~Under SEC regulations, ~~ACCOUNTING~~we ~~POLICIES~~are required to disclose our off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, such as changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors. As of March 31, 2015 we have no off-balance sheet arrangements.

~~Our significant~~ITEM ~~accounting~~3. ~~policies~~QUANTITATIVE ~~are~~AND ~~included~~QUALITATIVE inDISCLOSURES ~~Note~~ABOUT 1MARKET ~~to our financial statements included elsewhere in this Quarterly Report~~RISK.

~~ITEM 3.~~Not ~~QUANTITATIVE~~applicable ~~AND~~to ~~QUALITATIVE~~smaller reporting ~~DISCLOSURES ABOUT MARKET RISK~~companies.

~~Not applicable~~ITEM to4. ~~smaller~~CONTROLS ~~reporting~~AND ~~companies~~PROCEDURES.

~~ITEM 4.~~Evaluation ~~CONTROLS~~of ~~AND~~Disclosure ~~PROCEDURES.~~Controls and Procedures

~~Evaluation~~We maintain disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of ~~Disclosure~~1934 ~~Controls~~(the “Exchange Act”) that are designed to ensure that information required to be disclosed by us in reports that we file under the Exchange Act is recorded, processed, summarized and ~~Procedures~~reported as specified in the SEC’s rules and forms and that such information required to be disclosed by us in reports that we file under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer, or CEO, who is also our Principal Financial and Accounting Officer, to allow timely decisions regarding required disclosure. Management, with the participation of our CEO who is also our Principal Financial and Accounting Officer performed an evaluation of the effectiveness of our disclosure controls and procedures as of March 31, 2015. Based on that evaluation, our management, including our CEO who is also our Principal Financial and Accounting Officer concluded that our disclosure controls and procedures were ineffective as of March 31, 2015.

~~We maintain~~In ~~disclosure controls and procedures (as defined in Rule 13a-15(e) under the Securities Exchange Act of 1934~~addition, ~~as amended~~management ~~(the~~identified ~~“Exchange Act”), that are designed to ensure that information required to be disclosed by us in reports that we file under~~ the ~~Exchange~~following ~~Act~~material isweakness ~~recorded, processed, summarized~~ and ~~reported~~significant asdeficiencies ~~specified~~ in ~~the~~its ~~SEC’s~~assessment rules and forms and that such information required to be disclosed by us in reports that we file under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer, or CEO, who is also our Principal Financial and Accounting Officer, to allow timely decisions regarding required disclosure. Management, with the participation of ~~our CEO, who is also our Principal Financial and Accounting Officer, performed an evaluation of~~ the effectiveness of ~~our~~internal ~~disclosure controls and procedures as of~~control ~~December~~over ~~31,~~financial ~~2014.~~reporting ~~Based on that evaluation, our management, including our CEO who is also our Principal Financial and Accounting Officer concluded that our disclosure controls and procedures were ineffective~~ as of ~~December~~March 31, ~~2014.~~2015:

~~In addition,~~● ~~management~~Material ~~identified~~Weakness ~~the~~- ~~following~~The ~~material~~Company ~~weakness~~did ~~and~~not ~~significant~~maintain ~~deficiencies~~effective incontrols ~~its~~over ~~assessment~~certain aspects of the ~~effectiveness~~ financial reporting process because we lacked a sufficient complement of ~~internal~~personnel ~~control~~with ~~over~~a level of accounting expertise and an adequate supervisory review structure that is commensurate with the Company’s financial reporting asrequirements. of● ~~December~~Significant ~~31,~~Deficiencies ~~2014:~~- Inadequate segregation of duties.

●We ~~Material~~expect ~~Weakness~~to -be ~~The~~materially dependent ~~Company~~upon ~~did~~a ~~not~~third ~~maintain~~party ~~effective~~to ~~controls~~provide ~~over~~us ~~certain~~with ~~aspects~~accounting ofconsulting services for the ~~financial~~foreseeable ~~reporting~~future. ~~process~~Until ~~because~~such time as we ~~lacked~~have a ~~sufficient~~chief ~~complement~~financial ofofficer ~~personnel~~ with athe ~~level~~requisite ofexpertise ~~accounting~~in ~~expertise~~U.S. GAAP, there are no assurances that the material weaknesses and ansignificant ~~adequate~~deficiencies ~~supervisory~~in ~~review~~our ~~structure~~disclosure ~~that~~controls isand ~~commensurate~~procedures ~~with~~and ~~the~~internal ~~Company’s~~control over financial reporting ~~requirements.~~will ●not result ~~Significant~~in ~~Deficiencies~~errors -in ~~Inadequate~~our ~~segregation~~financial statements which could lead to a restatement of ~~duties~~those financial statements.

WeOur management, including ~~expect~~our toChief beExecutive ~~materially~~Officer ~~dependent~~and ~~upon~~our aPrincipal ~~third~~Financial ~~party~~and toAccounting ~~provide~~Officer, usdoes ~~with~~not ~~accounting~~expect ~~consulting~~that ~~services~~our ~~for~~disclosure ~~the~~controls ~~foreseeable~~and procedures ~~future~~or our internal controls will prevent all error and all fraud. A control system, no matter how well conceived and operated, ~~Until~~can ~~such~~provide ~~time~~only asreasonable, wenot ~~have~~absolute, aassurance ~~chief~~that ~~financial~~the ~~officer~~objectives ~~with~~of the ~~requisite~~control ~~expertise~~system inare Umet.S. ~~GAAP~~Further, ~~there~~the ~~are~~design noof a ~~assurances~~control ~~that~~system ~~the material~~must ~~weakness~~reflect ~~and~~the ~~significant~~fact ~~deficiencies~~that inthere ~~our~~are ~~disclosure~~resource ~~controls~~constraints and ~~procedures~~the ~~and~~benefits ~~internal~~of ~~control~~controls ~~over~~must ~~financial~~be ~~reporting~~considered relative ~~will~~to ~~not~~their ~~result~~costs. inDue ~~errors~~to the inherent limitations in ~~our~~all ~~financial~~control ~~statements~~systems, ~~which~~no ~~could~~evaluation ~~lead~~of tocontrols acan ~~restatement~~provide absolute assurance that all control issues and instances of ~~those~~fraud, ~~financial~~if ~~statements~~any, within our company have been detected.

~~Our management,~~Changes including our Chief Executive Officer and our Principal Financial and Accounting Officer, does not expect that our disclosure controls and procedures or our internal controls will prevent all error and all fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints and the benefits of controls must be considered relative to their costs. Due to the inherent limitations in ~~all~~Internal ~~control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected.~~Control

~~Changes~~There were no changes identified in ~~Internal~~connection ~~Control~~with our internal control over financial reporting during the three months ended March 31, 2015 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

There were no changes identified in connection with our internal control over financial reporting during the three months ended December 31, 2014 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.5

5PART II - OTHER INFORMATION

~~PART II~~ITEM -1. ~~OTHER~~LEGAL ~~INFORMATION~~PROCEEDINGS.

~~ITEM~~The Company is pursuing 1all legal remedies to collect floor plan receivables and interest and penalties from our principal customer who is under the protection of the Federal Bankruptcy Court. ~~LEGAL~~We ~~PROCEEDINGS~~have instituted collection subject to personal guarantees issued by principal owners of the bankrupt party. The Bankruptcy Judge has lifted the restriction on liquidating repossessed autos and we have taken possession of such autos as discussed in this Quarterly Report.

~~The Company~~ITEM ~~is pursuing all legal remedies to collect floor plan receivables and interest and penalties from our principal customer who is under the protection of the Federal Bankruptcy Court~~1A. WeRISK ~~have instituted collection subject to personal guarantees issued by principal owners of the bankrupt party~~FACTORS. ~~The Bankruptcy Judge has lifted the restriction on liquidating repossessed autos and we have taken possession of such autos as discussed in this Quarterly Report.~~

~~ITEM 1A.~~Not ~~RISK~~applicable ~~FACTORS~~to smaller reporting companies.

~~Not applicable~~ITEM to2. ~~smaller~~UNREGISTERED ~~reporting~~SALES ~~companies~~OF EQUITY SECURITIES AND USE OF PROCEEDS.

~~ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.~~None

~~None~~ITEM 3. DEFAULTS UPON SENIOR SECURITIES.

~~ITEM 3. DEFAULTS UPON SENIOR SECURITIES.~~None

~~None~~ITEM 4. MINE SAFETY DISCLOSURES.

~~ITEM 4.~~Not ~~MINE SAFETY DISCLOSURES.~~applicable

~~Not applicable~~ITEM 5. OTHER INFORMATION.

~~ITEM 5. OTHER INFORMATION.~~None

~~None~~ITEM 6. EXHIBITS.

ITEM 6. EXHIBITS.

Exhibit No.		Description

31.1		Section 302 Certificate of Chief Executive Officer.*

31.2		Section 302 Certificate of Principal Financial and Accounting Officer.*

32.1		Section 906 Certificate of Chief Executive Officer and Principal Financial and Accounting Officer.*

101.INS		XBRL INSTANCE DOCUMENT *

101.SCH		XBRL TAXONOMY EXTENSION SCHEMA *

101.CAL		XBRL TAXONOMY EXTENSION CALCULATION LINKBASE *

101.DEF		XBRL TAXONOMY EXTENSION DEFINITION LINKBASE *

101.LAB		XBRL TAXONOMY EXTENSION LABEL LINKBASE *

101.PRE		XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE *

Exhibit No.		Description
31.1		Section 302 Certification of Chief Executive Officer.*
31.2		Section 302 Certification of Principal Financial and Accounting Officer.*
32.1		Section 906 Certification of Chief Executive Officer and Principal Financial and Accounting Officer.*
101.INS		XBRL INSTANCE DOCUMENT **
101.SCH		XBRL TAXONOMY EXTENSION SCHEMA **
101.CAL		XBRL TAXONOMY EXTENSION CALCULATION LINKBASE **
101.DEF		XBRL TAXONOMY EXTENSION DEFINITION LINKBASE **
101.LAB		XBRL TAXONOMY EXTENSION LABEL LINKBASE **
101.PRE		XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE **

* Filed herewith.

*	Filed herewith.
**	In accordance with Regulation S-T, the XBRL-formatted interactive data files that comprise Exhibit 101 in this Quarterly Report on Form 10-Q shall be deemed “furnished” and not “filed”.

6SIGNATURES

~~SIGNATURES~~Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	AVANGARD CAPITAL GROUP, INC.

Date: May 20, 2015	By:	/s/ Simon Friedman
		Simon Friedman
		Chairman and Chief Executive Officer
		(Principal Executive Officer and Principal Financial and Accounting Officer)

	AVANGARD CAPITAL GROUP, INC.
Date: February 23, 2015	By:	/s/ Simon Friedman
		Simon Friedman
		Chairman and Chief Executive Officer
		(Principal Executive Officer and Principal Financial and Accounting Officer)

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