UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-K

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

For the fiscal year ended June 30, ~~2014~~2015

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

Commission file number: 333-184682

Avangard Capital Group, Inc.

(Exact name of registrant as specified in its charter)

Nevada		45-5507359
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)

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

(215) 464-7300

(Registrant’s telephone number, including area code)

Not Applicable

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

Securities registered under Section 12(b) of the Act: None

Securities registered under Section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes [ ] No [X]

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes [ ] No [X]

Indicate by check mark whether the issuer (1) 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 if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [X]

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 definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [ ]	Accelerated filer [ ]

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

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

State the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was sold as of the last business day of the registrant’s most recently completed second fiscal quarter. $~~1,000~~0 on December 31, ~~2013~~2014.

The number of shares of the registrant’s common stock issued and outstanding was 10,781,466 shares as of September 2630, ~~2014~~2015.

Table of Contents

		Page No.	~~Page No.~~
PART I
Item 1.	Business	3	3
Item 1A.	Risk Factors	5	6
Item 1B.	Unresolved Staff Comments	5	10
Item 2.	Properties	5	11
Item 3.	Legal Proceedings	5	11
Item 4.	Mine Safety Disclosures	5	11
PART II
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	5	11
Item 6.	Selected Financial Data	6	11
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	6	11
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	8	13
Item 8.	Financial Statements and Supplementary Data	8	13
Item 9.	Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	10	15
Item 9A.	Controls and Procedures	10	15
Item 9B.	Other Information	11	16
PART III
Item 10.	Directors, Executive Officers and Corporate Governance	11	16
Item 11.	Executive Compensation	13	18
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	13	19
Item 13.	Certain Relationships and Related Transactions, and Director Independence	14	20
Item 14.	Principal Accounting Fees and Services	15	21
PART IV
Item 15.	Exhibits, Financial Statement Schedules	16	22

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FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements, i.e. statements related to future, not past, events. The Securities and Exchange Commission (the “SEC”) encourages companies to disclose forward-looking information so that investors can better understand a company’s future prospects and make informed investment decisions. This report 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. Factors that could cause our actual results of operations and financial condition to differ materially are discussed in greater detail under Item 1A –- “Risk Factors” of this report.

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.

PART I

ITEM 1. BUSINESS

Company

Avangard Capital Group Inc. (“we,” “us,” the “Company,” or “Avangard”) was incorporated in Nevada on June 13, 2012, and is a provider of nonprime automobile floor plan financing for used car dealers. Our executive offices are located at 2708 Commerce Way, Philadelphia, Pennsylvania 19154.

We are 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 ~~currently~~are licensed to operate in Pennsylvania, New Jersey and Florida. ~~The~~We ~~Company~~have ~~has~~ suspended financing new loans while ~~Management~~management and the Board of Directors explore new opportunities and ~~decide~~strategic onalternatives aincluding, ~~course~~but not limited to, possible sale of ~~action~~a ~~for~~controlling interest in the company to allow for our future growth.

In furtherance of our expansion into automotive consumer loans, we acquired certain retail installment contract receivables from our affiliates, AAF and AFG, on March 26, 2013 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.

We are licensed as a sales finance company by the States of Florida, New Jersey and Pennsylvania. These licenses permit us to ~~expand~~provide ~~our operations to providing~~ financing for auto sales by dealers.

As discussed in our prospectus dated February 13, 2013 filed with the SEC, we sought to raise up to $30,000,000 by selling 5,000,000 units, with each unit consisting of four shares of our common stock and one redeemable common stock warrant at a public offering price of $6.00 per unit (the “Offering”). We sold 28,666 units in the Offering for an aggregate offering price of $171,985. The units are comprised of 114,664 shares of our common stock and 28,666 common stock purchase warrants exercisable at a price of $2.00 per share. The Offering expired on August 14, 2013.

Recent Developments

On June 30, 2014, we filed a certificate of change to our amended and restated articles of incorporation with the Secretary of State of the State of Nevada in order to effectuate a reverse stock split of our issued and outstanding common stock, par value $0.0001 per share on a 1-for-10 basis (the “Reverse Stock Split”). The Reverse Stock Split became effective with the FINRA at the open of business on June 30, 2014. We filed a correction to this certificate of change on September 18, 2014 to clarify the reverse stock split ratio. As a result of the Reverse Stock Split, every 10 shares of our pre-Reverse 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 Split.

We have suspended financing new loans while management and the Board of Directors explore new opportunities and decide on a course of action for the future. In addition, our management and Board of Directors are reviewing additional business opportunities in related businesses.

Throughout this annual report on Form 10-K, 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.

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Auto Dealer Floor Plan Financing

Historically, we have targeted the auto dealer financing market, which is comprised primarily of small, independent automotive dealers who purchase used cars at wholesale auctions. Floor plan financing supports independent used vehicle dealers who purchase vehicles from auctions and other non-auction methods and facilitate the growth of vehicle sales at auctions. ~~We plan to expand our floor plan financing agreements with the dealers who meet our underwriting policies.~~ A line of credit provided under these agreements enables ~~will enable~~ the dealer to be more competitive in the acquisition of automobiles by providing immediate cash while reducing the amount of paperwork that could hinder their acquisition of automobiles they plan to resell. Larger, more established financial institutions and lenders require dealers to enter into borrowing agreements that often exceed their needs. Our approach is to provide financing that is tailored to the level of business that the dealers conduct. Furthermore, many lenders have themselves exhausted their ability to lend and do not accept new applications from small independent dealers.

As part of our financing arrangement, we assess a floor plan fee at the inception of a loan and we collect all accrued fees and interest when the loan is extended or repaid in full. In addition, we generally hold the title or other evidence of ownership to all vehicles which are floor planned. Typical loan terms are 30 to 90 days, each with a possible loan extension. For an additional fee, a loan extension allows the dealer to extend the duration of the loan beyond the original term for another 30 to 90 days if the dealer makes payment towards principal and pays accrued interest and fees.

We entered into the auto dealer financing market with the purchase of floor plan receivables from Avangard Auto Finance, Inc., a related party (“AAF”), for $151,979, the face value of the receivables plus accrued interest as of June 13, 2012 when we completed the purchase. The floor plan receivables included a Floor Plan Agreement, Demand Promissory Note, Business Line of Credit Agreement, Surety Agreement and Confessions of Judgment entered into with Autosource Enterprises, Inc., an unaffiliated third party.

Our primary floor plan customer defaulted on its agreement in February 2014. The floor plan agreement carried personal guarantees and confessions of judgment, in addition to first 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 vehicles which were subject to financing.~~ Since we are unable to determine the exact ~~amount~~ amount of ultimate losses, on March 31, 2014 we recorded a reserve for uncollectible receivables of $115,000. As of June 30, ~~2014 we~~2015, we recovered $32123,~~665~~425 of floor plan receivables through the sale of repossessed autos.

Automotive Consumer Loans

Historically, we intended to expand our business by purchasing retail automotive installment sale and lease contracts and consumer installment loans secured by automobiles or other motor vehicles, through dealerships in our target markets. These products were expected to include financing for the purchase of new and used vehicles, as well as refinancing of existing motor vehicle loans. The dealer who originated a loan would be able to customize its product features, such as interest rate, loan amount, and loan terms, enabling it to lend to customers with a wide range of credit profiles. We planned to service, administer and make collections on our consumer loan receivables that we purchased from dealers, or to delegate some or all ~~of our~~ loan servicing duties to sub-contractors who are in the business of performing such duties.

On March 26, 2013, we acquired certain retail installment contract receivables from AAF and 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. The sellers guaranteed to us that we ~~will~~would recover no less than 70% of the aggregate amount of the current loans. If weWe ~~recover~~recovered ~~less~~our ~~than~~investment ~~70%~~ of ~~that~~$102,250, ~~amount~~plus $27,267 ~~the~~of ~~sellers~~interest ~~agreed~~and tofees ~~pay~~from the ~~difference~~acquisition, toas usof ~~upon~~February ~~demand~~19, 2014, when we returned all uncollectable notes receivable to AAF.

In addition, we received approval and were licensed as a sales finance company by the States of Florida, New Jersey and Pennsylvania in 2013. These licenses permit us to expand our operations to providing financing for auto sales by dealers

Government Regulation

Our lending business operates in a highly regulated environment under various federal and state consumer protection and other laws, rules and regulations, including the federal Truth in Lending Act, the federal Equal Credit Opportunity Act, the federal Fair Credit Reporting Act, the federal Fair Debt Collection Practices Act, the federal Gramm-Leach-Bliley Act and the federal Telemarketing and Consumer Fraud and Abuse Prevention Act. This business is subject to laws relating to discrimination in extending credit, use of credit reports, privacy matters, disclosure of credit terms and correction of billing errors. It is also subject to certain regulations and legislation that limit its operations in certain jurisdictions. For example, limitations may be placed on the amount of interest or fees that a loan may bear, the amount that may be borrowed, the types of actions that may be taken to collect or foreclose upon delinquent loans, or the information about a customer that may be shared.

Some of the other more significant regulations that we are subject to include:

Privacy –- The Gramm-Leach-Bliley Act imposes additional obligations on us to safeguard the information we maintain on our customers ~~and~~ and permits customers to “opt-out” of information sharing with third parties. Regulations have been enacted by several agencies that establish obligations to safeguard information. In addition, several states have enacted even more stringent privacy legislation. If a variety of inconsistent state privacy rules or requirements are enacted, our compliance costs could increase substantially. In addition, we are required to manage, use, and store personally identifiable information, principally customers’ confidential personal and financial data, in the course of our business. We depend on our IT networks and systems, and those of third parties, to process, store, and transmit that information. In the past, consumer finance companies have been targeted for sophisticated cyber attacks. A security breach involving our files and infrastructure could lead to unauthorized disclosure of confidential information. We take numerous measures to ensure the security of our hardware and software systems as well as customer information.

Fair Credit Reporting Act –- The Fair Credit Reporting Act provides a national legal standard for lenders to share information ~~with~~ with affiliates and certain third parties and to provide firm offers of credit to consumers. In late 2003, the Fair and Accurate ~~Credit~~ Credit Transactions Act was enacted, making this preemption of conflicting state and local laws permanent. The Fair Credit Reporting Act was also amended to place further restrictions on the use of information sharing between affiliates, to provide new disclosures to consumers when risk-based pricing is used in the credit decision, and to help protect consumers from identity theft. All of these new provisions impose additional regulatory and compliance costs on us.

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We presently believe that we are in substantial compliance with all governmental regulations applicable to our current business. We employ a number of external resources to assist us in complying with our regulatory obligations. These external resources include outside lawyers, law firms and consultants.

Competition

WeAt ~~primarily~~the ~~provide~~national level, competition for short-term dealer floor plan financing of ~~wholesale~~ vehicles to independent vehicle dealers in North ~~America.~~ AtAmerica ~~the national level, our competition~~ includes specialty lenders, banks and financial institutions such as Western Funding, Inc. At the local level, ~~we face~~ competition comes from banks and credit unions ~~who~~that may offer floor plan financing to local auction customers such as Manheim Auto Auction and American Credit Acceptance. Such entities typically service only one or a small number of auctions.

Some of our industry competitors who operate ~~whole~~wholesale car auctions on a national scale may endeavor to capture a larger portion of ~~the~~ the floor plan financing market. In all of our markets, we face direct competition from bank and non-bank lenders who provide non-prime financing for automobile dealers. Certain of these lenders are larger than we are and have greater financial resources than we do. We believe we can compete effectively with our competitors on the basis of favorable collateral valuations that enable ~~dealers~~ dealers to purchaser a wider variety of inventory, higher quality of service, convenience of payment, scope of services offered and historical and consistent commitment to the sector. There is no assurance, however, that our ability to market products and services successfully will not be impacted by competition that now exists or may later develop.

Employees

We currently have one ~~full-time employee~~employees.

Research and Development

We do not currently have a budget specifically allocated for research and development purposes.

ITEM 1A. RISK FACTORS

~~The~~We ~~risk~~are ~~factors~~a insmaller ~~this~~reporting ~~section~~company ~~describe~~as ~~the~~defined ~~material~~by ~~risks~~Rule to12b-2 ~~our business, prospects, results~~ of ~~operations,~~the ~~financial~~Exchange ~~condition or~~Act ~~cash flows,~~ and should be considered carefully. In addition, these factors could cause our actual results to differ materially from those projected in any forward-looking statements made in this Annual Report on Form 10-K. Investors should not place undue reliance on any such forward-looking statements. Any statements that are not ~~historical~~required ~~facts and that express, or involve discussions as~~ to, ~~expectations,~~provide ~~beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through~~ the ~~use~~ ofinformation ~~words or phrases such as “will likely result,” “are expected to,” “will continue,”~~under ~~“is~~this anticipated,” “estimated,” “intends,” “plans,” “believes” and “projects”) may be forward-looking and may involve estimates and uncertainties which could cause actual results to differ materially from those expressed in the forward-looking statementsitem.

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.

RISK FACTORS ASSOCIATED WITH OUR BUSINESS

Because we have a limited operating history, we may not be able to successfully manage our business or achieve profitability.

We were formed in June 2012 and only have one floor plan financing agreement that we acquired in June 2012 and retail installment contract receivables we acquired in March 2013. As a result, we have a limited operating history upon which a potential investor can evaluate our prospects and the potential value of our common stock. The likelihood of our success must be considered in light of the expenses, complications and delays frequently encountered in connection with the establishment and expansion of a new business and the competitive environment in which we will operate. We have little market penetration and successes to date, and may never reach profitability. No additional relevant operating history exists upon which an evaluation of our performance can be made. Our performance must be considered in light of the risks, expenses and difficulties frequently encountered in establishing new products and markets in the evolving, highly competitive non-prime loan industry. If we cannot successfully manage our business, we may not be able to generate future profits and may not be able to support our operations.

The terms of the agreements to acquire the floor plan financing agreement and retail installment contract receivables from our affiliates, was not arrived at as a result of arm’s-length negotiations and no independent verification of its value was obtained.

Mr. Alan Gulko, our former President, Chief Executive Officer and a director, and Simon Friedman, our corporate secretary and a director are principal owners of the entities that own AAF and AFG. While the agreements between our Company and the sellers to acquire these assets were approved by our Board of Directors, which at the time we acquired these assets, was entirely comprised of Messrs. Gulko and Friedman, neither of who are independent directors, the agreements were not negotiated on an arm’s-length basis as a result of Messrs. Gulko and Friedman’s interest in the sellers. While the agreements to acquire these assets were approved by our Board of Directors, there are no assurances that the terms of the agreements are as favorable to us as they might have been had the assets been obtained in arm’s-length negotiations with unrelated third parties supported by an independent verification of their value.

We have scaled back our expansion plans, and suspended financing new loans while management and the Board of Directors explore new opportunities and decide on a course of action for the future.

We have scaled back our expansion plans as previously contemplated in our prospectus dated February 13, 2013 filed with the SEC, as the amount we raised in that offering was not sufficient to fully fund those plans. In addition, we have suspended financing new loans while management and the Board of Directors explore new opportunities and decide on a course of action for the future. Also, in light of the departure of Alan Gulko, our then Chief Executive Officer and director, in December 2013, our management and Board of Directors are reviewing additional business opportunities in related businesses without Mr. Gulko’s participation.

Furthermore, we did not raise our targeted minimum of $30,000,000 in the Offering that would have allowed us to complete $2,500,000 of floor plan financing transactions to achieve a profitable level of sustainable operations. While we believe that we have adequate working capital to sustain our operations and scaled back expansion plans over the next 12 months, if our plans or assumptions change, or prove to be inaccurate because of unanticipated expenses or difficulties or otherwise, we may be required to seek additional financing or may be required to curtail our expansion plans further. Such financing may include the issuance of additional shares of common stock and/or the incurrence of debt financing. There can be no assurance that any additional financing will be available to us on acceptable terms or at all. Any additional equity financing will dilute the interests of our then existing stockholders.

We are highly dependent on future financing from our Chief Executive Officer, majority stockholder and director, Mr. Simon Friedman, to fund our expansion as we were unable to raise a sufficient amount of capital in our recent offering.

Although we believe we have sufficient working capital to operate our business over the next 12 months, we will be dependent upon our existing stockholders for future financing as we were unable to raise a sufficient amount in the Offering to execute our previous growth plans. At the present time, there is no agreement between Mr. Friedman and our Company to provide any additional funding to us nor do we have any plans to seek additional capital from them or anyone else to fund our previous growth plans. We have no indication that Mr. Friedman would refuse to lend or invest additional funds in our Company if we should ask. It would be very difficult to find a financing source to replace Mr. Friedman if he elected not to lend or invest any additional amounts in our Company. The loss of Mr. Friedman’s future funding could have a material adverse effect on our business.

We may have difficulty managing growth in our business.

Because of our small size, growth in accordance with our business plans, if achieved, will place a significant strain on our financial, technical, operational and management resources. As we expand our activities and increase the size of our floor plan financing agreements and other product lines, we plan to utilize computer systems and technology to minimize our labor costs. Despite these efforts, there will be additional demands on our financial, technical and management resources. The failure to implement administrative, operating and financial control systems and software or the occurrence of unexpected expansion difficulties, including the recruitment and retention of experienced personnel, talent and consultants, could have a material adverse effect on our business, financial condition and results of operations and our ability to timely execute our business plan.

We may not be able to obtain adequate financing to continue our operations.

Failure to generate operating cash flow or to obtain additional financing could result in substantial dilution of our property interests, or delay or cause indefinite postponement of further expansion of our product lines. We will require significant additional capital to fund our future activities. Our failure to find the financial resources necessary to fund our planned activities and service our debt and other obligations could adversely affect our business.

As an “emerging growth company,” as defined in Section 2(a)(19) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), we are permitted to rely on exemptions from certain disclosure requirements.

We qualify as an emerging growth company under the JOBS Act. As a result, we are permitted to, and intend to, rely on exemptions from certain disclosure requirements. For so long as we are an emerging growth company, we will not be required to:

● have an auditor report on our internal controls over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”); ● comply with any requirement that may be adopted by the Public Company Accounting Oversight Board regarding mandatory audit firm rotation or a supplement to the auditor’s report providing additional information about the audit and the financial statements (i.e., an auditor discussion and analysis); ● submit certain executive compensation matters to stockholder advisory votes, such as “say-on-pay” and “say-on-frequency;” and ● disclose certain executive compensation related items such as the correlation between executive compensation and performance and comparisons of the Chief Executive Officer’s compensation to median employee compensation.

In addition, Section 102 of the JOBS Act also provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act, for complying with new or revised accounting standards. In other words, an emerging growth company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to take advantage of the benefits of this extended transition period. Our financial statements may therefore not be comparable to those of companies that comply with such new or revised accounting standards.

We will remain an emerging growth company for up to five years, or until the earliest of (i) the last day of the first fiscal year in which our total annual gross revenues exceed $1 billion, (ii) the date that we become a “large accelerated filer” as defined in Rule 12b-2 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which would occur if the market value of our ordinary shares that is held by non-affiliates exceeds $700 million as of the last business day of our most recently completed second fiscal quarter, or (iii) the date on which we have issued more than $1 billion in non-convertible debt during the preceding three year period.

Until such time, however, we cannot predict if investors will find our common stock less attractive because we may rely on these exemptions. If some investors find our common stock less attractive as a result, there may be a less active trading market for our common stock and our stock price may be more volatile.

We have established preferred stock which can be designated by our directors without stockholder approval and have established Series A Convertible Preferred Stock, which gives the holders super voting power over our common stockholders.

We have 300,000,000 shares of preferred stock authorized, and we have designated 150,000,000 of these shares as Series A Convertible Preferred Stock. As of September 26, 2014, we have 905,000 shares of Series A Convertible Preferred Stock issued and outstanding. Each share of our Series A Convertible Preferred Stock is entitled to three votes on stockholder matters. Additional shares of our preferred stock may be issued from time to time in one or more series, each of which shall have distinctive designation or title as shall be determined by our Board of Directors, prior to the issuance of any shares thereof. The preferred stock shall have such voting powers, full or limited, or no voting powers, and such preferences and relative, participating, optional or other special rights and such qualifications, limitations or restrictions thereof as adopted by our Board of Directors. Because the Board of Directors is able to designate the powers and preferences of the preferred stock without the vote of a majority of our stockholders, our stockholders will have no control over what designations and preferences our preferred stock will have. As a result, our stockholders may have less control over the designations and preferences of the preferred stock and our operations.

Our Chief Executive Officer and a director can exercise voting control over corporate decisions.

Simon Friedman, our Chief Executive Officer and a director, and the other members of our Board of Directors beneficially own 92.5% of our total voting securities. As a result, these stockholders exercise control in determining the outcome of all corporate transactions or other matters, including the election of directors, mergers, consolidations, the sale of all or substantially all of our assets, and also the power to prevent or cause a change in control. The interests of our controlling stockholders may differ from the interests of the other stockholders and thus result in corporate decisions that are adverse to other stockholders.

We may experience write-offs for losses and defaults, which could adversely affect our financial condition and operating results.

It will be common for us to recognize losses resulting from the inability of certain customers to repay their loans and the insufficient realizable value of the collateral securing such loans. Additional losses will occur in the future and may occur at a rate greater than we have experienced to date. If these losses were to occur in significant amounts, our financial position, liquidity, and results of operations would be adversely affected, possibly to a material degree.

Changes in interest rates could have an adverse impact on our business. For example:

● rising interest rates will increase our borrowing costs; ● rising interest rates may reduce our consumer automotive financing volume by influencing customers to pay cash for, as opposed to financing vehicles; and ● a significant decrease in interest rates could increase the rate at which loans are prepaid.

Our business may be adversely affected if more burdensome government regulations were enacted.

Our operations are subject to regulation, supervision and licensing under various federal, state and local statutes, ordinances and regulations. In most states in which we operate, a consumer credit regulatory agency regulates and enforces laws relating to consumer lenders and sales finance companies such as us. These rules and regulations generally provide for licensing as a sales finance company or consumer lender or lessor, limitations on the amount, duration and charges, including interest rates, for various categories of loans, requirements as to the form and content of finance contracts and other documentation, and restrictions on collection practices and creditors’ rights. In certain states, we are subject to periodic examination by state regulatory authorities. Some states in which we operate do not require special licensing or provide extensive regulation of our business.

We are also subject to extensive federal regulation, including the Truth in Lending Act, the Equal Credit Opportunity Act and the Fair Credit Reporting Act. These laws require us to provide certain disclosures to prospective borrowers and lessees and protect against discriminatory lending and leasing practices and unfair credit practices. The principal disclosures required under the Truth in Lending Act include the terms of repayment, the total finance charge and the annual percentage rate charged on each contract or loan and the lease terms to lessees of personal property. The Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, age or marital status. According to Regulation B promulgated under the Equal Credit Opportunity Act, creditors are required to make certain disclosures regarding consumer rights and advise consumers whose credit applications are not approved of the reasons for the rejection. In addition, the credit scoring system used by us must comply with the requirements for such a system as set forth in the Equal Credit Opportunity Act and Regulation B. The Fair Credit Reporting Act requires us to provide certain information to consumers whose credit applications are not approved on the basis of a report obtained from a consumer reporting agency and to respond to consumers who inquire regarding any adverse reporting submitted by us to the consumer reporting agencies. Additionally, we are subject to the Gramm-Leach-Bliley Act, which requires us to maintain the privacy of certain consumer data in our possession and to periodically communicate with consumers on privacy matters. We are also subject to the Servicemembers Civil Relief Act of 2003, which requires us, in most circumstances, to reduce the interest rate charged to customers who have subsequently joined, enlisted, been inducted or called to active military duty. The dealers who originate automobile finance contracts and leases purchased by us also must comply with both state and federal credit and trade practice statutes and regulations. Failure of the dealers to comply with these statutes and regulations could result in consumers having rights of rescission and other remedies that could have an adverse effect on us.

We believe that we maintain all material licenses and permits required for our current operations and are in substantial compliance with all applicable local, state and federal regulations. There can be no assurance; however, that we will be able to maintain all requisite licenses and permits, and the failure to satisfy those and other regulatory requirements could have a material adverse effect on our operations. Further, the adoption of additional, or the revision of existing, rules and regulations could have a material adverse effect on our business.

Compliance with applicable law is costly and can affect operating results. Compliance also requires forms, processes, procedures, controls and the infrastructure to support these requirements, and may create operational constraints. Laws in the financial services industry are designed primarily for the protection of consumers. The failure to comply with these laws could result in significant statutory civil and criminal penalties, monetary damages, attorneys’ fees and costs, possible revocation of licenses and damage to reputation, brand and valued customer relationships.

We are exposed to credit risk, which could affect our profitability and financial condition.

We are subject to credit risk resulting from defaults in payment or performance by debtors responsible for payments of the loans. There can be no assurances that our monitoring of our credit risk as it impacts the value of these assets and our efforts to mitigate credit risk through our risk-based pricing and loss mitigation strategies are or will be sufficient to prevent an adverse effect on our profitability and financial condition.

If we fail to maintain an effective system of internal controls, we may not be able to accurately report our financial results. As a result, current and potential stockholders could lose confidence in our financial reporting which, in turn, could harm our business and the trading price of our common stock.

We are subject to reporting obligations under the U.S. securities laws. The SEC, as required by Section 404 of the Sarbanes-Oxley Act, adopted rules requiring every public company to include a management report on such company’s internal control over financial reporting in its annual report, which contains management’s assessment of the effectiveness of the company’s internal control over financial reporting. Our management has concluded that our internal control over our financial reporting are not effective as a result of (i) a lack of sufficient qualified accounting personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with the Company’s financial reporting requirements, and (ii) inadequate segregation of duties. For a detailed description of the deficiencies, see “Item 9A—Controls and Procedures.”

Our reporting obligations as a public company place a significant strain on our management, operational and financial resources and systems, and we expect this to continue for the foreseeable future. Effective internal controls are necessary for us to produce reliable financial reports and are important to help prevent fraud. As a result, our failure to achieve and maintain effective internal controls could result in the loss of investor confidence in the reliability of our financial statements, which in turn could harm our business and negatively impact the trading price of our common stock. Furthermore, we anticipate that we will continue to incur considerable costs and use significant management time and other resources in an effort to comply with Section 404 and other requirements of the Sarbanes-Oxley Act. As of September 15, 2014, we do not have an estimate of the costs to the Company of compliance with the Sarbanes-Oxley Act.

We are aware we must strengthen, assess and test our system of internal controls to provide the basis for our SEC reports. The process of strengthening our internal controls and complying with Section 404 is expensive and time consuming, and requires significant management attention. Furthermore, as we grow our business, our internal controls will become more complex and will require significantly more resources to ensure our internal controls overall remain effective. Failure to implement required new or improved controls, or difficulties encountered in their implementation, could harm our operating results or cause us to fail to meet our reporting obligations.

RISK FACTORS RELATING TO OUR SECURITIES

We do not meet the criteria to list our securities on an exchange such as The NASDAQ Stock Market and our common stock and warrants are illiquid and may be difficult to sell.

There is no market for our common stock at this time and there is no assurance that any market will develop for our common stock. We plan to have our common stock quoted on the Over-The-Counter Bulletin Board when the distribution and potential market for the stock would permit such quotation, although there is no assurance that we will be able to accomplish this. Generally, securities that are quoted on the Over-The-Counter Bulletin Board lack liquidity and analyst coverage. This may result in lower prices for our common stock than might otherwise be obtained if we met the criteria to list our securities on a larger or more established exchange, such as The NASDAQ Capital Market, and could also result in a larger spread between the bid and asked prices for our common stock.

In addition, if there is only limited trading activity in our common stock, we may not be able to have these securities qualify for quotation on the Over-The-Counter Bulletin Board. The relatively small trading volume would likely make it difficult for our stockholders to sell their common stock as, and when, they choose. As a result, investors may not always be able to resell shares of our common stock publicly at the time and prices that they feel are fair or appropriate.

The application of the “penny stock” rules could adversely affect the market price of our common stock and increase your transaction costs to sell those shares.

The SEC has adopted rule 3a51-1 which establishes the definition of a “penny stock,” for the purposes relevant to us, as any equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions. For any transaction involving a penny stock, unless exempt, Rule 15g-9 requires:

● that a broker or dealer approve a person’s account for transactions in penny stocks, and ● the broker or dealer receives from the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased. In order to approve a person’s account for transactions in penny stocks, the broker or dealer must: ● obtain financial information and investment experience objectives of the person, and ● make a reasonable determination that the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable of evaluating the risks of transactions in penny stocks.

The broker or dealer must also deliver, prior to any transaction in a penny stock, a disclosure schedule prescribed by the SEC relating to the penny stock market, which, in highlight form:

● sets forth the basis on which the broker or dealer made the suitability determination and ● that the broker or dealer received a signed, written agreement from the investor prior to the transaction.

Generally, brokers may be less willing to execute transactions in securities subject to the “penny stock” rules. This may make it more difficult for investors to dispose of our common stock and cause a decline in the market value of our stock.

The application of Rule 144 creates some investment risk to potential investors; for example, existing stockholders may be able to rely on Rule 144 to sell some of their holdings, driving down the price of the shares you purchased.

Pursuant to Rule 144 promulgated under the Securities Act, a person who has beneficially owned restricted shares of our common stock for at least six months may sell his or her securities if: (i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale, (ii) we are subject to the Exchange Act periodic reporting requirements for at least 90 days before the sale, and (iii) if the sale occurs prior to satisfaction of a one-year holding period, we provide current information at the time of sale.

Persons who have beneficially owned restricted shares of our common stock for at least six months but who are our affiliates at the time of, or at any time during the three months preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of securities that does not exceed the greater of either of the following:

	●	1% of the total number of securities of the same class then outstanding (1,013,466 shares of common stock as of the date of this annual report on Form 10-K); or
	●	the average weekly trading volume of such securities during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale;

provided, in each case, that we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale. Such sales by affiliates must also comply with the manner of sale, current public information and notice provisions of Rule 144.

GENERAL RISK STATEMENT

Based on all of the foregoing, we believe it is possible for future revenue, expenses and operating results to vary significantly from quarter to quarter and year to year. As a result, quarter-to-quarter and year-to-year comparisons of operating results are not necessarily meaningful or indicative of future performance. Furthermore, we believe that it is possible that in any given quarter or fiscal year our operating results could differ from the expectations of public market analysts or investors.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

10ITEM 2. PROPERTIES

~~ITEM~~Our executive offices are 2708 Commerce Way, Philadelphia, PA 19154, where we rent approximately 2,000 square feet of office space from Commerce Way, LP, a related party. ~~PROPERTIES~~During the year ended June 30, 2015, we paid a flat annual fee of $10,000. We believe our current space is adequate for our operations at this time. We do not have a lease for fiscal year ending June 30, 2016. We currently occupy approximately 500 square feet primarily for records storage, computer systems and office space. The premises are owned by a related party and temporarily rented at no cost to the company. Future rent payments will be determined when the company requires additional space.

~~Our executive offices~~ITEM are 2708 Commerce Way, Philadelphia, PA 19154, where we rent approximately 2,000 square feet of office space from Commerce Way, LP, a related party, at a monthly rental of $2,500 on a month-to-month basis3. WeLEGAL ~~believe our current space is adequate for our operations at this time.~~PROCEEDINGS

~~ITEM~~We are 3.not ~~LEGAL~~presently ~~PROCEEDINGS~~a party to any material litigation, nor to the knowledge of management, is any litigation threatened against us that may materially affect us.

~~We are not presently a~~ITEM ~~party~~4. toMINE ~~any~~SAFETY ~~material litigation, nor to the knowledge of management, is any litigation threatened against us that may materially affect us.~~DISCLOSURES

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

~~Not applicable.~~PART II

~~PART~~ITEM 5. IIMARKET FOR REGISTRANT’S COMMON EQUITY RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

~~ITEM~~(a) Market ~~5. MARKET FOR REGISTRANT’S COMMON EQUITY RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES~~Information

Our common stock is quoted on the OTC Pink tier of the OTC Markets Group under the symbol “AVGC”. There have been no reported sales of our stock since approval of our quotation on the OTC Pink by the Financial Industry Regulatory Authority (a“FINRA”). There ~~Market~~can ~~Information~~be no assurance that a liquid market for our common stock will ever develop. Consequently, investors may not be able to liquidate their investments and should be prepared to hold the common stock for an indefinite period of time.

~~Our~~- ~~common~~5 stock is quoted on the OTC Pink tier of the OTC Markets Group under the symbol “AVGC”. There have been no reported sales of our stock since approval of our quotation on the OTC Pink by the Financial Industry Regulatory Authority (“FINRA”). There can be no assurance that a liquid market for our common stock will ever develop. Consequently, investors may not be able to liquidate their investments and should be prepared to hold the common stock for an indefinite period of time.-

(b) Stockholders

As of September 1530, ~~2014~~2015, there were 2728 stockholders of record of our common stock, and ~~approximately~~1 2 record holders of our Series A Convertible ~~Preferred~~ Preferred Stock. None of our shares are held in street name.

The Company has not declared or paid, nor has it any present intention to pay, cash dividends on its common stock or Series A Convertible Preferred Stock. Accordingly, it is unlikely the Company will declare any cash dividends in the foreseeable future.

ITEM 6. SELECTED FINANCIAL DATA

Not applicable to a smaller reporting company.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

OVERVIEW

We are 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 are currently licensed to operate in Pennsylvania, New Jersey and Florida. The Company has suspended financing new loans while Management and the Board of Directors explore new opportunities and ~~decide~~strategic onalternatives aincluding, ~~course~~but ofnot limited ~~action~~to, ~~for~~possible ~~the~~sale ~~future.~~of Ina ~~addition, our~~controlling ~~management~~interest ~~and~~in ~~Board~~the ofcompany ~~Directors~~to ~~are~~allow ~~reviewing~~for ~~additional~~our ~~business~~future ~~opportunities in related businesses~~growth.

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. At that time, we had recovered our investment of $102,250, and earned an additional $27,627 in interest and fees.

~~As discussed in our prospectus~~Recent dated February 13, 2013 filed with the SEC, we sought to raise up to $30,000,000 by selling 5,000,000 units, with each unit consisting of four shares of our common stock and one redeemable common stock warrant at a public offering price of $6.00 per unit (the “Offering”). We sold 28,666 units in the Offering for an aggregate offering price of $171,985. The units are comprised of 114,664 shares of our common stock and 28,666 common stock purchase warrants exercisable at a price of $2.00 per share. The Offering expired on August 14, 2013.Developments

11On June 30, 2014, we filed a certificate of change to our amended and restated articles of incorporation with the Secretary of State of the State of Nevada in order to effectuate a 1-for-10 Reverse Stock Split of our issued and outstanding common stock. We filed a correction to this certificate of change on September 18, 2014 to clarify the reverse stock split ratio. 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 annual report on Form 10-K, each instance which 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.

~~Recent~~The net ~~Developments~~result for the fiscal year ended June 30, 2015 was a loss of $214,406, compared to a loss of $488,299 for the prior fiscal year.

On June 30, 2014, we filed a certificate of change to our amended and restated articles of incorporation with the Secretary of State of the State of Nevada in order to effectuate a 1-for-10 Reverse Stock Split of our issued and outstanding common stock. We ~~filed a correction to this~~ ~~certificate~~define ~~of change on September 18, 2014 to clarify the reverse stock split ratio. As a result of the Reverse Stock Split, every 10 shares of~~ our ~~pre-Reverse~~accounting ~~Stock~~periods ~~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 annual report on Form 10-K, each instance which 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:

~~The~~● ~~net~~“fiscal ~~result~~2013” ~~for~~- ~~the fiscal~~July ~~year~~1, ~~ended~~2012 through June 30, 2013 ● “fiscal 2014” ~~was~~- aJuly ~~loss~~1, of2013 ~~$488~~through June 30,~~299,~~ ~~compared~~2014 to● a“fiscal ~~loss~~2015” of- ~~$129~~July 1,~~381~~ ~~for~~2014 ~~the~~through ~~prior~~June ~~fiscal~~30, ~~year.~~2015

~~We define our accounting~~RESULTS ~~periods~~OF ~~as follows:~~OPERATIONS

~~● “fiscal 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~~Revenue

~~RESULTS~~Total revenue OFdecreased ~~OPERATIONS~~to $0 from $52,282 for the fiscal year ended June 30, 2015 as a result of a decrease in fee revenue derived from financing receivables as our sole customer ceased operations when it filed for bankruptcy protection.

~~Revenue~~- 6 -

~~Total revenue decreased~~Operating $18,105 to $52,282 for the fiscal year ended June 30, 2014 compared to $70,997 for the fiscal year ended June 30, 2013 primarily as a result of decreases in fee revenue derived from floor plan financing receivables as our sole customer ceased operations when it filed for bankruptcy protection. See “Business—Auto Dealer Floor Plan Financing.”Expenses

~~Operating~~Total operating ~~Expenses~~expenses decreased $357,521 to $248,414 for the fiscal year ended June 30, 2015 compared to the fiscal year ended June 30, 2014. 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 fiscal year ended June 30, 2015, our operating expenses ~~increased~~ ~~$394,627~~were tocomprised primarily of $~~605~~119,~~935~~703 ~~for~~related ~~the~~to ~~fiscal~~legal, ~~year~~accounting and ~~ended~~SEC ~~June~~compliance 30costs, ~~2014~~$40,203 ~~compared~~in towrite ~~the~~down ~~fiscal~~expenses ~~year~~relating ~~ended~~to ~~June~~repossessed inventory, $30,077 ~~2013.~~of ~~This~~repossession ~~increase~~and related isrepairs ~~primarily~~costs, a$14,941 ~~result~~for ofrent aand ~~$141,591~~other ~~provision~~occupancy ~~for~~costs, ~~doubtful~~consulting ~~accounts~~expenses ~~related~~of to$9,344, ~~uncollectible~~wages ~~receivables~~and ~~discussed~~related ~~above~~expenses ~~and~~of a $~~253~~4,~~036~~507, travel ~~increase~~expense inof ~~selling~~$15,661, ~~general~~ and ~~administrative~~other office expenses of $13,710.

~~For the fiscal year ended~~Other June 30, 2014, our operating expenses were comprised primarily of $225,705 related to legal, accounting and SEC compliance costs, $43,510 in business development expenses, $20,890 for computer related services and software, and $30,000 for rent, other occupancy costs of $39,037, wages and related expenses of $58,862, Florida office expense of $12,242 and other office expenses of $60,269.Income

Other income ~~Income~~is comprised of sale of repossessed inventory, interest, dividends and realized gains from the sale of marketable securities. Other income decreased to $34,008 for the fiscal year ended June 30, 2015 as compared to $64,744 for the fiscal year ended June 30, 2014. The Company liquidated all marketable securities during fiscal year ended June 30, 2014. The Company realized a gain of $0 and $58,091from the sale of the Company’s marketable securities during the fiscal years ended June 30, 2015 and June 30, 2014, respectively. The Company realized $33,680 from the sale of repossessed automobiles during the year ended June 30, 2015. Sale of repossessed automobiles during the year ended 2014 was charged to the allowance for bad debts. During the year ended June 30, 2015 total sales proceeds of repossessed vehicles was $123,425. The amount of principal outstanding related to the repossessed vehicles was $130,800. There were no sales of repossessed automobiles in the year ended June 30, 2014.

~~Other income is comprised~~Net of interest, dividends and realized gains from the sale of marketable securities. Other income increased to $64,744 for the fiscal year ended June 30, 2014 as compared to $10,930 for the fiscal year ended June 30, 2013 as a result of dividends and gain from the sale of all of our remaining marketable securities. The Company realized a gain of $59,554 and $6,308 from the sale of the Company’s marketable securities during the fiscal years ended June 30, 2014 and June 30, 2013, respectively.Loss

~~LIQUIDITY~~Our net ~~AND~~loss ~~CAPITAL~~decreased ~~RESOURCES~~$273,893 to $214,406 for the fiscal year ended June 30, 2015 compared to $488,299 in the same period in 2014 as a result of a reduction in our operating expenses and revenue as discussed above.

~~Liquidity is the ability~~LIQUIDITY ofAND anCAPITAL ~~enterprise to generate adequate amounts of cash to meet its cash requirements~~RESOURCES

Liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its cash requirements. As of June 30, ~~2014~~2015, our ~~working~~ working capital amounted to $~~491~~(44,~~686~~543), a decrease of $~~376~~536,~~629~~409, as compared to $~~868~~491,~~214~~686 as of June 30, ~~2013~~2014. ~~Working~~Current ~~capital~~assets included ~~primarily~~ primarily cash ~~and cash equivalents~~ of $~~424,272,~~784 ~~floor plan financing receivables of $81,259, net of an allowance for uncollectible accounts of $115,000,~~ and a related party receivable of $75,~~000~~024.

We financed operations through cash flows from ~~financing~~cash ~~activities~~generated ~~transactions~~from ~~and~~the tosale aof ~~lesser~~repossessed ~~extent,~~automobiles ~~cash~~and ~~generated~~a ~~from~~Line of Credit from our ~~operations~~majority shareholder. Net cash used in operating activities for the fiscal year ended June 30, ~~2014~~2015 was $~~287~~129,~~842~~465, which primarily reflected ana ~~increase in~~ net loss, partially offset by ~~an increase in~~ a ~~non-cash~~reduction ~~reserve~~of ~~for~~ floor plan financing ~~receivable, used car auto financing portfolio, fees and interest~~ receivables ~~related to the floor plan and a gain on sale of marketable securities~~. ~~Floor plan financing receivables decreased by~~ $~~141~~114,~~591~~939 ~~for~~was ~~the~~generated ~~fiscal~~through ~~year ended June 30, 2014 compared to a decrease of $38,255 in floor plan financing receivables~~the ~~for~~sale ~~the nine months ended March 31, 2013. The reduction is due primarily to the provision for uncollectible accounts~~ of ~~$115,000. We~~repossessed ~~collected~~cars ~~$48,868 in used car auto financing receivable~~ during the fiscal year ended June 30, ~~2014~~2015 compared to $0 for the fiscal year ended June 30, ~~2013~~2014. Accounts payable and accrued expenses ~~decreased~~increased by $~~182~~22,174 for the fiscal year ended June 30, ~~2014~~2015 compared to an increase of $~~2,594~~182 for the fiscal year ended June 30, ~~2013~~2014. Operating cash flow ~~was~~increased ~~also decreased~~ by ana ~~increase~~decrease in related party receivables of $71,~~000~~976.

12Net cash provided by investing activities for the fiscal year ended June 30, 2015 was $0 compared to $412,069 for the fiscal year ended June 30, 2014 primarily as a result of an absence of net proceeds of the sale of marketable securities which occurred in the prior period.

Net cash used in financing activities for the fiscal year ended June 30, 2015 was $ 294,023, of which $320,000 was used to redeem 320,000 shares of preferred stock, proceeds from a loan of $25,000 from a related party, and $977 was received from a subscription for additional 9,768,000 shares of common stock. Net cash provided by ~~investing~~ financing activities for the fiscal year ended June 30, 2014 was $~~412~~135,~~069~~996, primarily from ~~the~~subscriptions ~~net~~received ~~proceeds~~in ofconnection with the sale of ~~marketable~~common ~~securities~~stock.

~~Net cash provided by financing~~Cash activities for the fiscal year ended June 30, 2014 was $135,996, primarily from subscriptions received in connection with the sale of common stock. Net cash provided by financing activities for the fiscal year ended June 30, 2013 was $780,451 stemming from the sale of Series A Convertible Preferred Stock.Requirements

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

~~Our~~We do ~~future~~not ~~capital~~currently ~~requirements will~~have ~~depend~~any oncontractual ~~numerous~~restrictions ~~factors~~on ~~related~~our ability to ~~management’s~~incur ~~ability~~debt toand, ~~develop~~accordingly ~~new~~we ~~lines~~could incur significant amounts of ~~business~~indebtedness to finance operations. Any such indebtedness could contain covenants which may restrict our operations.

WeSince our dorevenues ~~not~~were ~~currently~~negatively ~~have any~~impacted ~~contractual~~as ~~restrictions~~a onresult of the default and bankruptcy of our ~~ability~~primary tofloor ~~incur~~plan ~~debt~~customer and, ~~accordingly~~our werepurchase of ~~could~~our ~~incur~~preferred ~~significant~~stock, ~~amounts~~we ofdo ~~indebtedness to~~not ~~finance~~have ~~operations.~~adequate ~~Any~~resources ~~such~~to ~~indebtedness~~operate ~~could~~however, ~~contain~~we ~~covenants~~continue ~~which~~to ~~would~~explore ~~restrict~~new ~~our~~opportunities ~~operations~~and strategic alternatives.

~~Although~~- we7 anticipate a reduction in revenues as a result of the default and bankruptcy of our primary floor plan customer, we have adequate resources to operate at a minimal level while we pursue recovery of our floor plan receivable balance, and explore new opportunities.-

~~Off-Balance~~Going Concern ~~Sheet Arrangements~~Consideration

~~Under~~The Company’s ~~SEC~~financial ~~regulations, we~~statements are ~~required~~prepared tousing ~~disclose~~generally ~~our~~accepted ~~off-balance~~accounting ~~sheet~~principles ~~arrangements~~in the United States of America applicable to a going concern that ~~have~~contemplates orthe ~~are~~realization ~~reasonably~~of ~~likely~~assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to ~~have~~cover its operating costs and allow it to continue as a ~~current~~going orconcern. ~~future~~During the year ended June 30, 2015 the Company recognized sales revenue of $-0- and incurred ~~effect~~a onnet ~~our~~loss ~~financial~~of ~~condition~~$214,406. ~~such~~As of June 30, 2015 the Company had an accumulated deficit of $830,716. The continuation of the Company as ~~changes~~a ingoing concern is dependent upon the continued financial ~~condition~~support from its shareholders, ~~revenues~~the ability to raise equity or ~~expenses~~debt financing, ~~results~~and the attainment of profitable operations from the Company’s planned business. If the Company is unable to obtain adequate capital, ~~liquidity~~it could be forced to cease operations. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. In order to continue as a going concern, the Company will need, among other things, additional capital ~~expenditures~~resources. orManagement’s ~~capital~~plan is to obtain such resources ~~that~~for ~~are~~the ~~material~~Company by obtaining capital from significant shareholders sufficient to ~~investors~~meet its operating expenses and seeking equity and/or debt financing from third parties. However Asmanagement cannot provide any assurances that the Company will be successful in accomplishing any of ~~June~~its ~~30,~~plans. ~~2014~~The weaccompanying financial ~~have~~statements nodo ~~off-balance~~not ~~sheet~~include ~~arrangements~~any adjustments that might be necessary if the Company is unable to continue as a going concern.

~~ITEM~~Off-Balance Sheet ~~7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.~~Arrangements

~~Not~~Under SEC ~~applicable~~regulations, we are required to ~~smaller~~disclose our off-balance sheet arrangements that have or are reasonably likely to have a current ~~reporting~~or ~~companies~~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 June 30, 2015, we have no off-balance sheet arrangements.

ITEM 8 7A. ~~FINANCIAL~~QUANTITATIVE ~~STATEMENTS~~ AND ~~SUPPLEMENTARY~~QUALITATIVE ~~DATA~~DISCLOSURES ABOUT MARKET RISK.

~~See~~Not applicable ~~Index~~ to ~~Financial Statements~~smaller ~~and~~reporting ~~Financial Statement Schedules appearing on pages F-1 through F-12 of this annual report on Form 10-K~~companies.

13ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

~~Index~~See Index to Financial Statements and Financial Statement Schedules appearing on pages F-1 through F-11 of this annual report on Form 10-K.

		Page
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM		F-1
BALANCE SHEETS		F-2
STATEMENTS OF OPERATIONS		F-3
STATEMENTS OF OTHER COMPREHENSIVE LOSS		F-4
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY		F-5
STATEMENTS OF CASH FLOWS		F-6
NOTES TO FINANCIAL STATEMENTS		F-7

- 8 -

14Index to Financial Statements

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

	Page
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	F-1
BALANCE SHEETS	F-2
STATEMENTS OF OPERATIONS	F-3
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (DEFICIT)	F-4
STATEMENTS OF CASH FLOWS	F-5
NOTES TO FINANCIAL STATEMENTS	F-6

To- ~~the~~9 ~~Board of Directors and~~-

~~Stockholders~~REPORT OF ofINDEPENDENT ~~Avangard Capital~~REGISTERED ~~Group,~~PUBLIC ~~Inc.~~ACCOUNTING FIRM

WeTo ~~have audited~~ the ~~accompanying balance sheets of Avangard Capital Group, Inc. as of June 30, 2014 and 2013, and the related statements~~Board of ~~operations,~~Directors ~~comprehensive loss, changes in stockholders’ equity~~ and cash flows for each of the years ended June 30, 2014 and 2013. Avangard Capital Group, Inc.’s management is responsible for these financial statements. Our responsibility is to express an opinion on these financial statements based on our audits.

~~We conducted~~Stockholders ~~our audits in accordance with the standards~~ of ~~the~~Avangard ~~Public~~Capital Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to haveGroup, ~~nor were we engaged to perform, an audit of its internal control over financial reporting~~Inc. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

~~In our~~We ~~opinion,~~have ~~the~~audited ~~financial statements referred to above present fairly, in all material respects,~~ the ~~financial~~accompanying ~~position~~balance sheets of Avangard Capital Group, Inc. as of June 30, ~~2014~~2015 and ~~2013~~2014, and the ~~results~~related statements of ~~its~~ operations, ~~and~~changes ~~its~~in stockholders’ equity (deficit) and cash flows for each of the years ended June 30, ~~2014~~2015 and ~~2013~~2014. Avangard Capital Group, inInc.’s ~~conformity~~management ~~with~~is ~~accounting~~responsible ~~principles~~for ~~generally~~these ~~accepted~~financial instatements. ~~the~~Our ~~United~~responsibility ~~States~~is ofto ~~America~~express an opinion on these financial statements based on our audits.

/We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s/ ~~Friedman~~internal ~~LLP~~control ~~Marlton~~over financial reporting. Accordingly, ~~New~~we ~~Jersey~~express ~~September~~no 30such opinion. An audit also includes examining, ~~2014~~on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

~~F-1~~In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Avangard Capital Group, Inc. as of June 30, 2015 and 2014, and the results of its operations and its cash flows for each of the years ended June 30, 2015 and 2014, in conformity with accounting principles generally accepted in the United States of America.

~~AVANGARD~~The ~~CAPITAL~~accompany ~~GROUP~~financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, ~~INC~~the Company’s operating losses raise substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of these uncertainties.

~~BALANCE~~/s/ ~~SHEETS~~Friedman LLP Marlton, New Jersey October 12, 2015

	June 30, 2014			June 30, 2013
ASSETS
Current assets:
Cash	$	424,272		$	164,049
Marketable securities		-			378,203
Floor plan financing receivable		196,259			252,220
Allowance for uncollectable account		(115,000	)
Used car auto finance receivables		-			48,868
Fees receivable		-			11,218
Interest receivable		-			9,807
Due from related parties		7,000			2,980
Total current assets		512,530			867,345
Property and equipment, net		3,331			3,863
Total assets	$	515,862		$	871,208
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses	$	3,176		$	2,994
Other liabilities		21,000			-
Total current liabilities	$	24,176		$	2,994
Stockholders’ equity
Convertible Preferred Stock Series A, $0.0001 par value, 300,000,000 authorized, 905,000 issued and outstanding;		90			90
Common stock, $0.0001 par value, 100,000,000 authorized; Class A, 1,013,466 shares issued and outstanding		101			101
Additional paid in capital		1,107,805			1,107,805
Stock subscription receivable		-			(135,996	)
Accumulated other comprehensive income		-			24,225
Accumulated deficit		(616,310	)		(128,011	)
Total stockholders’ equity		491,686			868,214
Total liabilities and stockholders’ equity	$	515,862		$	871,208

F-1

~~The accompanying notes~~AVANGARD ~~are~~CAPITAL anGROUP, ~~integral part of these financial statements~~INC.

~~F-2~~BALANCE SHEETS

AVANGARD CAPITAL GROUP, INC.

	June 30, 2015			June 30, 2014
ASSETS
Current assets:
Cash	$	784		$	424,272
Floor plan financing receivable		-			196,259
Allowance for uncollectable account		-			(115,000	)
Due from related parties		5,024			7,000
Total current assets		5,808			512,531

Property and equipment, net		2,799			3,331

Total assets	$	8,607		$	515,862

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued expenses	$	25,350		$	3,176
Other liabilities		-			21,000
Due to related party		25,000			-
Total current liabilities	$	50,350		$	24,176

Stockholders’ equity
Convertible Preferred Stock Series A, $0.0001 par value, 300,000,000 authorized, 585,000 and 905,000 issued and outstanding at June 30, 2015 and 2014 respectively;		58			90
Common stock, $0.0001 par value, 100,000,000 authorized; Class A, 10,781,466 and 1,013,466 shares issued and outstanding at June 30, 2015 and 2014 respectively;		1,078			101
Additional paid in capital		787,837			1,107,805
Accumulated (deficit) earnings		(830,716	)		(616,310	)
Total stockholders’ equity (deficit)		(41,743	)		491,686
Total liabilities and stockholders’ equity (deficit)	$	8,607		$	515,862

~~STATEMENTS~~The accompanying OFnotes ~~OPERATIONS~~are an integral part of these financial statements.

	For the Years Ended June 30,
	2014			2013
REVENUE
Fee revenue	$	25,709		$	39,335
Interest revenue		27,183			31,662
Total revenue		52,892			70,997
OPERATING EXPENSES
Selling, general and administrative		605,935			211,308
Total operating expenses		605,935			211,308
Loss from operations		(553,043	)		(140,311	)
Other income
Realized gain on marketable securities		58,091			6,308
Interest and dividend income		6,653			4,622
Total other income		64,744			10,930
Net loss	$	(488,299	)	$	(129,381	)
Net loss per share attributable to common shareholders - basic and diluted	$	(0.48	)	$	(0.13	)
Weighted average number of common shares used in computation - basic and diluted		1,013,466			1,000,677

F-2

~~The accompanying notes~~AVANGARD ~~are~~CAPITAL anGROUP, ~~integral part of these financial statements~~INC.

~~F-3~~STATEMENTS OF OPERATIONS

AVANGARD CAPITAL GROUP, INC.

	For the Fiscal Year Ended June 30,
	2015			2014
REVENUE
	$	-		$	-
Fee revenue		-			25,709
Interest revenue		-			27,183
Total revenue		-			52,892

OPERATING EXPENSES
Selling, general and administrative		248,414			605,935
Total operating expenses		248,414			605,935

Loss from operations		(248,414	)		(553,043	)

Other income
Realized gain on marketable securities		-			58,091
Inventory recovery		33,680
Interest and dividend income		328			6,653
Total other income		34,008			64,744

Net loss	$	(214,406	)	$	(488,299	)

Net loss per share attributable to common shareholders - basic and diluted	$	(0.02	)	$	(0.48	)
Weighted average number of common shares used in computation - basic and diluted		10,513,850			1,013,466

~~STATEMENTS~~The accompanying OFnotes ~~OTHER COMPREHENSIVE~~are ~~LOSS~~an integral part of these financial statements.

	For the Years Ended June 30,
	2014			2013
Net loss	$	(488,299	)	$	(129,381	)
Other comprehensive income
Unrealized gain on marketable securities		-			24,225
Total comprehensive loss	$	(488,299	)	$	(105,156	)

F-3

~~The accompanying notes~~AVANGARD ~~are~~CAPITAL anGROUP, ~~integral part of these financial statements~~INC.

~~F-4~~STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

AVANGARD CAPITAL GROUP, INC.

	Preferred Stock						Common Stock				Additional Paid in			Accumulated Other Comprehensive			Stock			Accumulated Retained Earnings			Total Stockholders’
	Shares			Amount			Shares		Amount		Capital			Income			Subscriptions			(Deficit)			Equity
Balance, June 30, 2013		905,000		$	90			1,013,466	$	101	$	1,107,805		$	24,225		$	(135,996	)	$	(128,011	)	$	868,215

Common stock subscription received																		135,996						135,996
Net loss																					(488,299	)		(488,299	)
Unrealized gain on marketable securities															(24,225	)					-			(24,225	)
Balance June 30, 2014		905,000		$	90			1,013,466	$	101	$	1,107,805			-			-		$	(616,310	)	$	491,686

Issue of common stock								9,768,000	$	977		-			-			-			-			977
Redemption of preferred stock		(320,000	)		(32	)						(319,968	)											(320,000	)
Net loss																					(214,406	)		(214,406	)
Balance June 30, 2015		585,000		$	58			10,781,466	$	1,078	$	787,837			-			-		$	(830,716	)	$	(41,743	)

~~STATEMENTS~~The accompanying OFnotes ~~CHANGES~~are INan ~~STOCKHOLDERS’ EQUITY~~integral part of these financial statements.

											Accumulated						Accumulated
									Additional		Other			Preferred			Retained			Total
	Preferred Stock				Common Stock				Paid in		Comprehensive			Stock			Earnings			Stockholders’
	Shares		Amount		Shares		Amount		Capital		Income			Subscription			(Deficit)			Equity
Balance, June 30, 2012		905,000	$	90		1,000,000	$	1,000	$	904,910				$	(744,451	)	$	1,370		$	162,919
Convertible preferred stock subscription received															744,451						744,451
Issue of common stock						2,000		2		29,998											30,000
Sale of common stock						11,466		11		171,985					(135,996	)					36,000
Net loss																		(129,381	)		(129,381	)
Unrealized gain on marketable securities												24,225									24,225
Balance, June 30, 2013		905,000	$	90		1,013,466	$	1,013	$	1,106,893	$	24,225		$	(135,996	)	$	(128,011	)	$	868,214
Common stock subscription received															135,996						135,996
Net loss																		(488,299	)		(488,299	)
Unrealized gain on marketable securities												(24,225	)					-			(24,225	)
Balance June 30, 2014		905,000	$	90		1,013,466	$	101		1,107,805		0			-		$	(616,310	)	$	491,686

F-4

~~The accompanying notes~~AVANGARD ~~are~~CAPITAL anGROUP, ~~integral part of these financial statements~~INC.

~~F-5~~STATEMENTS OF CASH FLOWS

AVANGARD CAPITAL GROUP, INC.

	For the Years Ended June 30,
	2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss)	$	(214,406	)	$	(488,299	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		532			532
Gain on sale of marketable securities		-			(58,091	)
Other income (inventory recovery)		(33,680	)
Provision for doubtful accounts		-			115,000
Changes in operating assets and liabilities:
Floor plan financing receivable		-			55,961
Used car inventory		114,939
Used car auto financing portfolio		-			48,868
Fees receivable		-			11,218
Interest receivable		-			9,807
Due from related parties		1,976			(4,020	)
Accounts payable and accrued expenses		22,174			182
Other liabilities		(21,000	)		21,000
NET CASH USED IN OPERATING ACTIVITIES		(129,465	)		(287,842	)

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of marketable securities		-			(34,369	)
Proceeds from sales of marketable securities		-			446,438
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITES		-			412,069

CASH FLOWS FROM FINANCING ACTIVITIES
Redemption of convertible preferred stock		(320,000	)		-
Proceeds from related party loan		25,000			-
Common stock subscription received		977			135,996
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES		(294,023	)		135,996

Net increase (decrease) in cash		(423,488	)		260,223

Cash, beginning of the year		424,272			164,049
Cash, at end of the year	$	784		$	424,272

~~STATEMENTS~~The OFaccompanying ~~CASH~~notes ~~FLOWS~~are an integral part of these financial statements.

	For the Years Ended June 30,
	2014			2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$	(488,299	)	$	(129,381	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation		532			133
Non-cash compensation to directors					30,000
Gain on sale of marketable securities		(58,091	)		(6,308	)
Provision for doubtful accounts		115,000			-
Changes in operating assets and liabilities:
Floor plan financing receivable		55,961			(111,330	)
Acquisition of used car auto financing portfolio		-			(102,250	)
Used car auto financing portfolio		48,868			53,382
Fees receivable		11,218			(10,095	)
Interest receivable		9,807			(9,197	)
Due from related parties		(4,020	)		(2,980	)
Accounts payable and accrued expenses		182			2,594
Other liabilities		21,000			-
NET CASH USED IN OPERATING ACTIVITIES		(287,842	)		(285,432	)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment		-			(3,996	)
Purchase of marketable securities		(34,369	)		(700,000	)
Proceeds from sales of marketable securities		446,438			352,330
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES		412,069			(351,666	)
CASH FLOWS FROM FINANCING ACTIVITIES
Convertible preferred stock subscription received					744,451
Common stock subscription received		135,996			36,000
NET CASH PROVIDED BY FINANCING ACTIVITIES		135,996			780,451
Net increase in cash		260,223			143,353
Cash, beginning of year		164,049			20,696
Cash, at end of year	$	424,272		$	164,049
Supplemental Schedule of non-cash activities Unrealized gain on marketable securities	$	-		$	24,225

F-5

~~The accompanying notes~~AVANGARD ~~are~~CAPITAL anGROUP, ~~integral part of these financial statements~~INC.

~~F-6~~NOTES TO FINANCIAL STATEMENTS

~~AVANGARD~~June ~~CAPITAL GROUP~~30, ~~INC.~~2015

~~NOTES~~NOTE TO1 ~~FINANCIAL~~- ~~STATEMENTS~~NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

~~June~~Organization ~~30,~~and ~~2014~~Description of Business

~~NOTE~~Avangard 1Capital -Group, ~~NATURE~~Inc., OFa ~~BUSINESS~~Nevada ~~AND~~corporation ~~SUMMARY~~is OFreferred ~~SIGNIFICANT~~to ~~ACCOUNTING~~in ~~POLICIES~~this report as “we”, “us”, “our”, “ACG”, the “Company” or “Avangard Capital Group.”

~~Organization~~We ~~and~~were ~~Description~~incorporated ofJune ~~Business~~13, ~~Avangard~~2012 ~~Capital~~under ~~Group,~~the ~~Inc.,~~laws aof the State of Nevada. ~~corporation~~Our isexecutive ~~referred~~offices toare inlocated ~~this~~at ~~report~~2708 asCommerce ~~“we”~~Way, ~~“us”,~~Suite ~~“our”~~300, ~~“ACG”~~Philadelphia, ~~the~~PA ~~“Company” or “Avangard Capital Group~~19154.”

We ~~were~~are ~~incorporated~~an ~~June~~independent ~~13,~~auto ~~2012~~sales ~~under~~finance ~~the~~company ~~laws~~that provides floor plan financing for independent used car dealers based on the value of collateral (the ~~State~~car) as determined by us using the automobile industry’s nationally-recognized valuation sources. We are licensed to operate in the states of ~~Nevada~~New Jersey, Pennsylvania and Florida. ~~Our~~We ~~executive~~commenced ~~offices~~business ~~are~~June ~~located~~22, at2012 ~~2708~~with ~~Commerce~~the purchase ~~Way~~of all floor plan receivables from Avangard Auto Finance, Inc. (“AAF”), an affiliate. Pursuant to an Assignment ~~Suite~~Agreement ~~300~~with AAF dated June 13, ~~Philadelphia~~2012, PAwe ~~19154~~acquired AAF’s floor plan financing portfolio for $151,979, the face value of the contracts plus accrued interest and fees at that time.

WeIn ~~are~~January an2013 ~~independent~~we ~~auto~~received ~~sales~~approval ~~finance~~and ~~company~~were ~~that~~licensed ~~provides~~by ~~floor plan financing for independent used car dealers based on~~ the ~~value~~ States of ~~collateral~~Florida ~~(the~~and ~~car)~~New Jersey as ~~determined~~a bySales usFinance ~~using~~Company. ~~the~~In ~~automobile~~February 2013, ~~industry’s~~we ~~nationally-recognized~~were ~~valuation~~licensed ~~sources. We operate~~ in the ~~states~~Commonwealth of ~~New Jersey,~~ Pennsylvania ~~and~~as ~~Florida.~~a WeSales ~~commenced business June 22, 2012 with the purchase of all floor plan receivables from Avangard Auto~~ Finance, ~~Inc~~Company. ~~(“AAF”),~~These anlicenses ~~affiliate.~~permit ~~Pursuant~~us to anexpand ~~Assignment Agreement~~our ~~with~~operations ~~AAF~~to ~~dated~~providing ~~June 13, 2012, we acquired AAF’s floor plan~~ financing ~~portfolio~~ for ~~$151,979,~~auto ~~the~~sales ~~face~~by ~~value of the contracts plus accrued interest and fees at that time~~dealers.

InOn ~~January~~March 26, 2013 we ~~received~~acquired ~~approval~~certain ~~and~~retail ~~were~~installment ~~licensed~~contract byreceivables ~~the~~from ~~States~~AAF ~~of Florida~~ and ~~New~~Avangard ~~Jersey~~Financial asGroup, ~~a Sales Finance Company~~Inc., Ina ~~February~~related ~~2013,~~party we(“AFG”) ~~were~~for ~~licensed~~$102,250. inThe ~~the~~receivables ~~Commonwealth~~consisted of ~~Pennsylvania~~an asaggregate aprincipal ~~Sales~~balance ~~Finance~~of ~~Company.~~approximately ~~These~~$141,868 for ~~licenses~~current ~~permit~~loans usreceivables toand ~~expand~~approximately ~~our operations~~$323,449 ~~to providing financing~~ for ~~auto~~non-current ~~sales~~loans ~~by dealers~~receivables.

OnThe ~~March~~Company ~~26,~~has ~~2013~~suspended wefinancing ~~acquired~~new ~~certain~~loans ~~retail~~while ~~installment~~Management ~~contract receivables from AAF~~ and ~~Avangard~~the ~~Financial~~Board ~~Group, Inc., a related party (“AFG”) for $102,250. The receivables consisted~~ of anDirectors ~~aggregate~~explore ~~principal~~new ~~balance~~opportunities ~~of approximately $141,868 for current loans receivables~~ and ~~approximately $323,449 for non-current loans receivables~~strategic alternatives.

~~The~~Basis ~~Company has suspended financing new loans while Management and the Board~~ of ~~Directors explore new opportunities and decide on a course of action for the future.~~Presentation

~~Basis~~The Company has recast the presentation of ~~Presentation~~share and per share data in the financial statements to reflect the reverse stock split as described more fully in Note 5.

~~The~~Use ~~company has recast the presentation~~ of ~~share and per share data in the financial statements to reflect the reverse stock split as described more fully in Note 5.~~Estimates

~~Use~~We use estimates and assumptions in preparing financial statements. Those estimates and assumptions affect the reported amounts of assets ~~Estimates~~and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.

WeCash ~~use estimates~~ and ~~assumptions~~Cash 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.Equivalents

~~Cash~~All cash and ~~Cash~~cash ~~Equivalents~~equivalents are invested in highly liquid money market accounts.

~~All~~Fair ~~cash~~Value ~~and~~of ~~cash~~Financial ~~equivalents are invested in highly liquid money market accounts.~~Instruments

~~Fair~~The ~~Value~~fair value of ~~Financial~~a ~~Instruments~~financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than a forced sale or liquidation. Significant differences can arise between the fair value and carrying amount of financial instruments that are recognized at historical cost amounts. The carrying value of cash, floor plan financing receivable, and accounts payable approximate the fair value because of the short maturity of those instruments.

The ~~fair~~accounting ~~value~~standards ofregarding a financial instrument represents the amount at which the instrument could be exchanged in a current transaction between willing parties, other than a forced sale or liquidation. Significant differences can arise between the fair value ~~and carrying amount~~ of financial instruments ~~that~~and ~~are~~related ~~recognized~~fair atvalue ~~historical~~measurements ~~cost~~define ~~amounts.~~fair ~~The carrying~~ value ~~of cash~~, ~~floor plan~~establish ~~financing~~a ~~receivable,~~three-level ~~and~~valuation ~~accounts~~hierarchy ~~payable~~for ~~approximate~~disclosures ~~the~~of fair value ~~because~~measurement, ofand ~~the~~enhance ~~short~~disclosure ~~maturity~~requirements offor ~~those~~fair ~~instruments~~value measures.

~~The accounting standards regarding fair value of financial instruments and related fair value measurements define fair value, establish a three~~F-~~level valuation hierarchy for disclosures of fair value measurement, and enhance disclosure requirements for fair value measures.~~6

~~F-7~~AVANGARD CAPITAL GROUP, INC.

~~AVANGARD~~NOTES ~~CAPITAL~~TO ~~GROUP,~~FINANCIAL ~~INC.~~STATEMENTS

~~NOTES~~June TO30, ~~FINANCIAL STATEMENTS~~2015

~~June~~The ~~30,~~three ~~2014~~levels are defined as follows:

The three levels are defined as follows:

Level 1:	inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.

Level 2:	inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

Level 3:	inputs to the valuation methodology are unobservable and significant to the fair value measurement.

Level 1:	inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.
Level 2:	inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.
Level 3:	inputs to the valuation methodology are unobservable and significant to the fair value measurement.

Revenue Recognition

~~Marketable~~Interest ~~securities~~income ~~were~~from ~~measured~~floor atplan ~~fair~~financing ~~value~~receivable is recognized using ~~Level~~the 1interest ~~inputs~~method. ~~derived~~Accrual ~~from~~of ~~quoted~~income ~~prices~~on infinance ~~active~~receivables is ~~markets~~suspended when a contract is contractually delinquent for ninety (90) days or more. InThe ~~December~~accrual ~~2013~~is resumed when the contract ~~company~~becomes ~~converted~~contractually ~~100%~~current ofand ~~their~~past ~~Marketable~~due ~~Securities~~interest tois ~~cash~~recognized ~~and~~at ~~cash~~that ~~equivalents~~time.

~~Marketable~~Origination ~~Securities~~Fees are recognized for services provided during the loan origination process at the point in time the loan is funded.

~~Our~~The ~~marketable~~Company ~~equity~~accounts ~~securities are classified and accounted~~ for asits ~~available-for-sale~~investment ~~and~~in ~~reported~~floor atplan ~~fair~~financing ~~value.~~receivables ~~Unrealized~~using ~~gains and losses related to changes in~~ the ~~fair~~interest ~~value of securities are recognized in accumulated other comprehensive income~~method, ~~net~~under ~~of tax~~ASC in310 ~~our~~pools ~~balance sheets. Changes in the fair value~~ of ~~available-for sale securities impact our net income only when such securities~~accounts are ~~sold~~established orbased ~~other-than-temporary impairment is recognized. Realized gains and losses~~ on ~~the~~certain ~~sale~~common ofrisk ~~securities~~criteria. ~~are~~Each ~~determined by~~pool ~~specific~~is ~~identification~~recorded ofat ~~each security’s~~ cost ~~basis.~~and ~~Management~~is ~~determines~~accounted ~~the~~for ~~appropriate~~as ~~classification~~a ofsingle ~~its~~unit ~~investments~~for at the ~~time~~recognition of ~~purchase~~income, ~~and~~principal ~~re-evaluates~~payments ~~the~~and ~~available-for-sale~~loss ~~designations as of each balance sheet date~~provision.

~~Revenue~~The ~~Recognition~~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.

~~Interest~~Floor ~~income~~Plan ~~from~~Financing 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 current and past due interest is recognized at that time.Receivable

~~Origination~~Floor ~~Fees~~plan ~~are~~financing ~~recognized~~receivable ~~for~~consists ~~services~~of ~~provided~~purchased ~~during~~automobiles, ~~the~~which ~~loan~~were ~~origination~~assigned ~~process~~to atus upon acquisition. The titles to the ~~point~~automobiles, which inserve ~~time~~as security for the ~~loan~~payment isof ~~funded~~the purchased contracts, are held by us.

~~The~~Floor ~~Company~~plan ~~accounts~~financing ~~for~~receivable ~~its~~that ~~investment~~we inintend ~~floor~~and ~~plan~~have ~~financing~~the ~~receivables~~ability ~~using~~to hold for the ~~interest~~foreseeable ~~method~~future, ~~under~~or ~~ASC~~until ~~310~~maturities ~~pools~~ of ~~accounts~~payoff are ~~established~~reported ~~based~~at ontheir ~~certain~~outstanding ~~common~~gross ~~risk~~contractual ~~criteria.~~balances, ~~Each~~net ~~pool~~of isallowance ~~recorded~~for atlosses ~~cost~~ and isunearned ~~accounted~~finance ~~for~~revenue. asUnearned finance arevenue ~~single~~consists ~~unit~~of ~~for the~~unearned ~~recognition~~interest ofand ~~income,~~discounts ~~principal~~realized ~~payments~~on ~~and~~contract ~~loss provision~~purchases.

~~The~~We ~~Company~~perform ~~accounts~~periodic ~~for~~evaluations ~~its~~of ~~investment~~the inadequacy ~~retail~~of ~~installment~~the ~~contract~~allowance ~~receivables~~for itlosses ~~acquired~~taking oninto ~~March~~consideration ~~26,~~the ~~2013~~past ~~using~~loss ~~the~~experience, ~~cost recovery~~known ~~method~~and asinherent ~~the~~risks ~~Company’s~~in ~~collections~~the onportfolio, ~~this~~adverse ~~particular~~situations ~~pool~~that ofmay ~~accounts~~affect ~~cannot~~the beborrower’s ~~reasonably~~ability ~~predicted.~~to ~~Under~~repay, the ~~cost~~estimated ~~recovery~~value ~~method,~~of noany ~~income~~underlying iscollateral, ~~recognized~~as ~~until~~well ~~the~~as ~~cost~~recovery potential of ~~the~~any ~~retail~~underlying ~~installment~~collateral, ~~contract~~personal ~~receivables~~guarantees ~~portfolio~~and ~~has~~current ~~been fully recovered.~~economic ~~This~~conditions. ~~pool~~Any ofincreases ~~accounts~~in ~~can~~the ~~become~~allowance ~~fully~~for ~~amortized~~losses ~~(zero~~subsequent ~~carrying~~to ~~balance on~~ the ~~balance~~acquisition ~~sheet)~~of ~~while~~the ~~still~~contract ~~generating cash collections. In this case, all cash collections~~ are ~~recognized~~charged asto ~~revenue when received~~earnings.

~~Floor~~Our ~~Plan~~primary ~~Financing~~floor ~~Receivable~~plan customer defaulted on their agreement in February 2014. The floor plan agreement carried personal guarantees and confessions of judgment, in addition to first 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 18 of the 21 vehicles subject to the floor plan agreement from the debtor prior to its Chapter 11 filing. Since we’re unable to determine the exact amount of ultimate losses, on March 31, 2014 we provided a reserve for uncollectible receivables of $115,000. As of June 30, 2015 we recovered $123,425 of floor plan receivables through the sale of repossessed autos.

~~Floor~~Used ~~plan~~Car ~~financing~~Auto receivable consists of purchased automobiles, which were assigned to us upon acquisition. The titles to the automobiles, which serve as security for the payment of the purchased contracts, are held by us.Financing

~~Floor~~On ~~plan~~March ~~financing~~26, ~~receivable~~2013, ~~that~~ we ~~intend~~acquired ~~and~~a ~~have~~portfolio ~~the ability to hold for the foreseeable future, or until maturities~~ of ~~payoff are~~consumer ~~reported~~automobile atloans ~~their~~from ~~outstanding~~Avangard ~~gross~~Auto ~~contractual balances~~Finance, ~~net of allowance for losses and unearned finance revenue~~Inc., ~~Unearned~~(“AAF”), a ~~finance~~related ~~revenue consists of unearned interest and discounts realized on contract purchases~~party.

WeThe ~~perform~~Company ~~periodic~~is ~~evaluations~~an ofindirect ~~the~~lender ~~adequacy~~from ofa ~~the~~legal ~~allowance~~perspective, ~~for~~meaning ~~losses~~the ~~taking~~loan ~~into~~is ~~consideration~~originated by the ~~past~~dealer ~~loss~~and ~~experience,~~immediately ~~known~~assigned ~~and~~to ~~inherent~~the ~~risks~~Company. inTypically, the ~~portfolio,~~loan ~~adverse~~is ~~situations~~purchased ~~that~~from ~~may~~the ~~affect~~dealer. The disbursement to the ~~borrower’s~~dealer ~~ability~~is tocalculated ~~repay,~~using ~~the~~our ~~estimated~~guidelines as to the value of ~~any~~the ~~underlying~~automobile. The amount advanced against the collateral, asis ~~well~~85% asof ~~recovery~~the ~~potential~~“Black Book” liquidation value of ~~any~~the ~~underlying~~car. ~~collateral,~~From ~~personal~~time ~~guarantees~~to ~~and~~time ~~current~~we ~~economic conditions.~~will ~~Any~~have ~~increases~~automobiles in ~~the~~inventory ~~allowance~~as ~~for~~a ~~losses~~result ~~subsequent~~of repossessions due to ~~the~~non-payment. ~~acquisition~~Our policy ofis ~~the~~to ~~contract~~issue ~~are~~a ~~charged~~repossession toorder ~~earnings~~after 15 days delinquency of the loan.

Our primary floor plan customer defaulted on their agreement in February 2014. The floor plan agreement carried personal guarantees and confessions of judgment, in addition to first 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 9 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. As of June 30, 2013 no provision for losses had been made. As of June 30, 2014 we recovered $32,665 of floor plan receivables through the sale of repossessed autos.F-7

~~F-8~~AVANGARD CAPITAL GROUP, INC.

~~AVANGARD~~NOTES ~~CAPITAL~~TO ~~GROUP,~~FINANCIAL ~~INC.~~STATEMENTS

~~NOTES~~June TO30, ~~FINANCIAL STATEMENTS~~2015

~~June~~As of the date of acquisition, the entire Used Car Auto Financing Portfolio’s collection could not be reasonably predicted by the Company; therefore the modified cost recovery method has been utilized to account for the pool of loans. As of June 30, 2014, we collected 100% of the aggregate amount of the Company paid to acquire this 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. We recovered our investment of $102,250, as well as $27,267 in interest and fees, from March 26, 2013, the date of acquisition, through February 19, 2014 when we returned all uncollectable notes receivable to AAF.

~~Used~~Stock-based ~~Car Auto Financing~~Compensation

OnWe ~~March~~account ~~26,~~for ~~2013,~~stock-based wecompensation ~~acquired~~by applying a ~~portfolio~~fair-value-based ofmeasurement ~~consumer~~method ~~automobile~~to ~~loans~~account ~~from~~for ~~Avangard~~share-based ~~Auto~~payment ~~Finance,~~transactions with ~~Inc~~employees and directors., ~~(“AAF”),~~Stock-based compensation is a non-cash expense because we settle these obligations by issuing shares ~~related~~of ~~party~~our common stock instead of settling such obligations with cash payments.

~~The~~Concentrations Company is an indirect lender from a legal perspective, meaning the loan is originated by the dealer and immediately assigned to the Company. Typically, the loan is purchased from the dealer. The disbursement to the dealer is calculated using our guidelines as to the value of ~~the~~Credit automobile. The amount advanced against the collateral is 85% of the “Black Book” liquidation value of the car. From time to time we will have automobiles in inventory as a result of repossessions due to non-payment. Our policy is to issue a repossession order after 15 days delinquency of the loan.Risk

AsThe ~~of the date of acquisition, the entire Used Car Auto Financing Portfolio’s collection could not be reasonably predicted by the~~ Company; ~~therefore~~maintains ~~the~~its ~~modified~~cash ~~cost~~balances ~~recovery~~in ~~method~~Federal ~~has~~Deposit ~~been~~Insurance ~~utilized~~Corporation to(“FDIC”) ~~account~~insured ~~for~~financial ~~the pool of loans~~institutions. ~~As of March 31,~~ ~~2014~~At ~~the Company recovered its entire investment in the loan portfolio. As of June 30~~times, ~~2014,~~cash webalances ~~collected~~may ~~100%~~exceed of the ~~aggregate amount~~maximum ofinsurance ~~the~~offered ~~Company~~by ~~paid to acquire this loan portfolio~~FDIC. OnThe ~~February~~Company ~~19,~~maintains ~~2014~~cash wenot ~~transferred~~necessary ~~all~~for ~~remaining loans receivable~~operating toexpenses ~~AAF~~in asmoney wemarket ~~determined~~accounts ~~that the outstanding balances were either uncollectible or difficult to collect~~ and ~~the~~certificates ~~Company did not believe that pursuing further collection efforts was a good use~~ of ~~the Company’s resources~~deposit.

~~Stock-based~~Property ~~Compensation~~and Equipment

WeFixed ~~account~~assets ~~for~~are ~~stock-based~~recorded ~~compensation~~at bytheir ~~applying~~historical acost ~~fair-value-based~~upon ~~measurement~~acquisition ~~method~~or tocost ~~account~~of ~~for share-based payment transactions with employees and directors~~construction. ~~Stock-based~~The ~~compensation~~assets isare adepreciated ~~non-cash~~using ~~expense~~the ~~because~~straight line wemethod ~~settle~~over ~~these~~their ~~obligations~~statutory bylives. ~~issuing~~The ~~shares of~~fixed ~~our~~asset ~~common~~categories ~~stock~~and ~~instead~~their ofestimated ~~settling~~lives ~~such~~are ~~obligations~~as ~~with cash payments.~~follows:

~~Comprehensive~~Office ~~Income~~Equipment 5 years.

~~Comprehensive~~Income 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-for-sale.Taxes

~~Concentrations~~We account for income taxes under the asset and liability method, which requires the recognition of ~~Credit~~deferred ~~Risk~~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 fiscal year ended June 30, 2015.

~~The~~NOTE ~~Company’s~~2 ~~assets~~- ~~exposed~~GOING ~~to credit risk are cash and finance and interest receivables.~~CONCERN

The ~~company~~Company’s ~~wrote~~financial ~~off~~statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern that contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has not yet established an ongoing source of revenues sufficient to cover its operating costs and allow it to continue as ~~uncollectible~~a ~~fees~~going concern. During the year ended June 30, 2015 the Company recognized sales revenue of $-0- and ~~interest~~incurred a ~~receivable~~net loss of $9214,~~433~~406. ~~and~~As of June 30, 2015 the Company had an accumulated deficit of $7830,~~912~~716. ~~respectively~~The continuation of the Company as ~~uncollectible~~a ~~due~~going concern is dependent upon the continued financial support from its shareholders, the ability to raise equity or debt financing, and the attainment of profitable operations from the Company’s planned business. If the Company is unable to ~~bankruptcy~~obtain adequate capital, it could be forced to cease operations. These financial statements do not include any adjustments to the recoverability and classification of ~~our~~recorded ~~customer~~asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from significant shareholders sufficient to meet its operating expenses and seeking equity and/or debt financing from third parties. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

The Company maintains its cash balances in Federal Deposit Insurance Corporation (“FDIC”) insured financial institutions. At times, cash balances may exceed the maximum insurance offered by FDIC. The Company maintains cash not necessary for operating expenses in money market accounts and certificates of deposit.F-8

~~Property~~AVANGARD ~~and~~CAPITAL ~~Equipment~~GROUP, INC.

~~Fixed~~NOTES ~~assets~~TO ~~are~~FINANCIAL 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 their estimated lives are as follows:STATEMENTS

~~Office~~June ~~Equipment~~30, ~~5 years.~~2015

~~Income~~NOTE ~~Taxes~~3 - MARKETABLE SECURITIES AND CHANGES IN ACCUMULATED OTHER COMPREHENSIVE INCOME

WeMarketable account for 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 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 fiscal year ended June 30, 2014.Securities

~~F-9~~We recognized $58,091 in net realized gains during the year ended June 30, 2014. Realized gains on the sale of the securities are determined by specific identification of each security’s cost basis. The company had no marketable securities at June 30, 2015.

~~AVANGARD~~NOTE ~~CAPITAL~~4 ~~GROUP,~~- ~~INC.~~INCOME TAXES

~~NOTES~~The TOprovision ~~FINANCIAL~~for ~~STATEMENTS~~income taxes consists of the following:

June 30, 2014

	June 30, 2015			June 30, 2014
Deferred Tax Asset	$	314,841		$	250,181
Less: Valuation Allowance		(314,841	)		(250,181	)
Net Deferred Tax Assets	$	-		$	-

~~NOTE~~As 2of -June ~~MARKETABLE~~30, ~~SECURITIES~~2015, ~~AND~~the ~~CHANGES~~Company INhas ~~ACCUMULATED~~net ~~OTHER~~operating ~~COMPREHENSIVE~~loss ~~INCOME~~carry forwards of $830,716 that can be utilized to offset future taxable income for Federal and State income tax purposes through 2035, generating a maximum deferred tax benefit of $314,841 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.

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

Marketable equity securities purchased during the current fiscal year were classified and accounted for as available-for-sale. As of June 30, 2014 all marketable equity securities were converted to cash and cash equivalents.

Fiscal Years ending

June 30,

Internal Revenue Service

2012 - 2015

Commonwealth of Pennsylvania

2012 - 2015

WeNOTE ~~recognized~~5 ~~$58,091~~- inLOAN ~~net~~FROM ~~realized gains during the year ended June 30, 2014. Realized gains on the sale of the securities are determined by specific identification of each security’s cost basis.~~SHAREHOLDER

~~Changes~~On inMay ~~Accumulated~~1, ~~Other~~2015, ~~Comprehensive~~the ~~Income:~~Company entered into a loan agreement with a major shareholder to obtain financing up to $50,000. Loan under the agreement is non-interest bearing and is due on demand. At June 30, 2015, amount due to the shareholder was $25,000, and unused amount representing availability to borrow was $25,000. Debt is secured by common stock of Avangard Capital Group, Inc.

~~The~~NOTE ~~following~~6 ~~table~~- ~~shows~~COMMON ~~the~~AND ~~accumulated~~PREFERRED ~~other comprehensive income balance as of June 30, 2014:~~STOCK

	Unrealized Gain on Marketable Securities
Balance at June 30, 2013	$	24,225
Other comprehensive income before reclassifications		(12,146	)
Net current-period other comprehensive income		12,079
Amounts reclassified from accumulated other comprehensive income		(12,079	)
Balance at June 30, 2014	$	-

On June 20, 2014 the Board of Directors authorized the Corporation to complete the Reverse Stock Split and that such Reverse Stock Split of 1 share of Common Stock for 10 share of outstanding Common Stock.

~~NOTE~~On 3July -10, ~~INCOME~~2014 ~~TAXES~~the Board of Directors issued 9,768,000 unregistered shares of common stock to related parties and majority shareholder, Friedman Financial Group, in exchange for $977.

The ~~provision~~terms ~~for~~of ~~income~~the ~~taxes~~Series ~~consists~~A Convertible Preferred Stock provide that each share of Series A Convertible Preferred Stock is entitled to receive cumulative annual dividends at the ~~following:~~rate of 4.5% per year. Each share of Series A Convertible Preferred Stock is convertible into three (3) shares of our Common Stock, and the holder thereof is entitled to vote shares of Series A Convertible Preferred Stock held as common stock in accordance with the number of shares of common stock into which such preferred shares are convertible. The shares of Series A Convertible Preferred Stock are entitled to receive prior and in preference to any distribution of any of the assets or surplus funds of the Company to the holders of common stock and any other series or class of preferred stock which is junior to the Series A Convertible Preferred Stock, the sum of $1.00 per share of Series A Convertible Preferred Stock, plus accrued dividends.

	June 30, 2014			June 30, 2013
Deferred Tax Asset	$	250,181		$	52,695
Less: Valuation Allowance		(250,181	)		(52,695	)
Net Deferred Tax Assets	$	-		$	-

On January 10, 2015, the Company redeemed 320,000 shares of Convertible Preferred Stock Series A, in exchange for $320,000.

AsOffering of June 30, 2014, the Company has net operating loss carry forwards of $616,310 that can be utilized to offset future taxable income for Federal and State income tax purposes through 2034, generating a maximum deferred tax benefit of $250,181 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.Securities

On February 13, 2013, our Registration Statement on Form S-1 was declared effective by the SEC whereby we offered 5,000,000 units (the “Offering”), each unit consisting of four tenths of one share of our common stock and one redeemable common stock warrant (a “Warrant”) at a public offering price of $6.00 per unit (a “Unit”). The Warrants became exercisable ~~following~~and ~~tax~~separately transferable from the shares 30 calendar days after February 13, 2013. At any time thereafter until three years following ~~remain~~February 13, 2013, subject to ~~examination~~earlier byredemption, each Warrant entitles the ~~respective~~holder ~~tax~~to ~~jurisdictions~~purchase one tenth of a share of our common stock at an exercise price of $2.00 (133% of the per share price of the common stock included in the Units), subject to adjustment. The Warrants are subject to redemption for $0.0001 per Warrant upon 30 days prior written notice, provided that the last sale price of our common stock equals or exceeds $3.00 (150% of the Warrant exercise price), subject to adjustment, for 10 consecutive trading days. As of June 30, 2014, 28,666 units have been sold and no warrants have been exercised. The Offering expired on August 14, 2013.

			Fiscal Years ending June 30,
Internal Revenue Service			2012 - 2013
Commonwealth of Pennsylvania			2012 - 2013

F-9

~~NOTE~~AVANGARD 4CAPITAL -GROUP, ~~USED CAR AUTO FINANCE RECEIVABLES~~INC.

~~Changes~~NOTES inTO ~~used~~FINANCIAL ~~car auto finance receivables are as follows:~~STATEMENTS

	Cost Recovery
Acquisition of auto financing receivables	$	102,250
Net cash collections		(102,250	)
Ending balance	$	0

June 30, 2015

~~F-10~~Common Stock Purchase Warrants

~~AVANGARD~~A ~~CAPITAL~~summary ~~GROUP~~of the status of our outstanding common stock purchase warrants outstanding as of June 30, ~~INC.~~2015 and 2014 and changes during the period is as follows:

NOTES TO FINANCIAL STATEMENTS

	Shares		Weighted
	Underlying		Average
		Warrants		exercise price
Outstanding and exercisable at June 30, 2014		2,867	$	2.00
Additions		-		-
Outstanding and exercisable at June 30, 2015		2,867	$	2.00

~~June~~The following information applies to all warrants outstanding and exercisable at June 30, ~~2014~~2015:

NOTE 5 - COMMON AND PREFERRED STOCK

Number of Warrants
outstanding and				Remaining contractual
exercisable		Exercise Price		life (Years)
	2,867	$	2.00		0.58

OnNOTE ~~June~~7 ~~20,~~- ~~2014~~LOSS ~~the~~PER ~~Board of Directors authorized the Corporation to complete the Reverse Stock Split and that such Reverse Stock Split of 1 share of Common Stock for 10 share of outstanding Common Stock.~~SHARE

AsBasic ofnet ~~June~~loss ~~30,~~per ~~2014~~share weis ~~are~~computed ~~authorized~~by todividing ~~issue~~net ~~100,000,000~~loss ~~shares~~by ofthe ~~$0.0001~~weighted ~~par~~average ~~value~~number of common ~~stock~~shares ofoutstanding ~~which,~~for ~~after~~ the ~~stock split,~~period. ~~1,134,466~~The ~~shares~~Company’s ~~have~~potential ~~been~~dilutive ~~issued~~shares, ~~and~~which ~~are~~include ~~outstanding,~~convertible ~~designated~~preferred ~~Class~~shares Aand atshares ~~June~~issuable ~~30,~~upon ~~2014.~~exercise As of the ~~June 30~~Warrants, ~~2013~~have wenot ~~were~~been ~~authorized to~~included ~~issue~~in ~~100,000,000~~the ~~shares~~computation of ~~$0.0001~~diluted ~~par~~net ~~value~~loss ~~stock~~per ofshare ~~which~~as ~~1,013,466~~the ~~had~~result ~~been~~would ~~issued~~be ~~and outstanding~~antidilutive. ASuch potentially ~~total~~dilutive ofshares ~~11,466~~are ~~shares of~~excluded when the ~~Company’s~~effect ~~common~~would ~~stock~~be ~~were~~to ~~issued~~reduce ~~during~~net ~~the~~loss ~~year~~per ~~ended~~share. ~~June~~All ~~30,~~potential ~~2013~~common inshares ~~connection~~have been ~~with~~excluded from the ~~sale~~computation of ~~28,666 Units in~~ the ~~Offering~~dilutive ~~discussed~~net ~~below.~~loss ~~The~~per ~~Company~~share ~~received~~for ~~proceeds~~the ofperiod ~~$171,985~~presented inbecause ~~connection with~~ the ~~sale~~effect ofwould ~~the~~have ~~Units of which,~~been ~~$135,996~~antidilutive. ~~was~~Such apotential ~~subscription~~common ~~receivable~~shares atconsist ~~June~~of ~~30,~~the ~~2013 and was subsequently collected on July 5, 2013.~~following:

We are authorized to issue 300,000,000 shares of $0.0001 par value Convertible Preferred Stock Series A of which 905,000 shares have been issued and outstanding at June 30, 2014 and June 30, 2013, respectively. The terms of the Series A Convertible Preferred Stock provide that each share of Series A Convertible Preferred Stock is entitled to receive cumulative annual dividends at the rate of 4.5% per year. Each share of Series A Convertible Preferred Stock is convertible into three (3) shares of our Common Stock, and the holder thereof is entitled to vote shares of Series A Convertible Preferred Stock held as common stock in accordance with the number of shares of common stock into which such preferred shares are convertible. The shares of Series A Convertible Preferred Stock are entitled to receive prior and in preference to any distribution of any of the assets or surplus funds of the Company to the holders of common stock and any other series or class of preferred stock which is junior to the Series A Convertible Preferred Stock, the sum of $1.00 per share of Series A Convertible Preferred Stock, plus accrued dividends.

	June 30, 2015		June 30, 2014
Convertible preferred stock		1,755,000		2,715,000
Warrants attached to units sold		2,867		2,867

~~Offering~~NOTE of8 ~~Securities~~- RELATED PARTY TRANSACTIONS

OnWe ~~February~~entered ~~13,~~into ~~2013,~~a ~~our~~lease ~~Registration~~agreement ~~Statement~~for onoffice ~~Form~~space ~~S-1~~with ~~was~~Commerce ~~declared~~Way, ~~effective~~LLC by(“CWL”). ~~the~~CWL ~~SEC~~is ~~whereby~~owned weby ~~offered~~DJS 5Investments,~~000,000~~ ~~units~~LLC ~~(the~~and ~~“Offering”)~~SELF, ~~each~~LP. ~~unit~~SELF, ~~consisting~~LP ofis ~~four~~a ~~tenths~~shareholder of ~~one~~Friedman ~~share~~Financial ofGroup, ~~our~~who ~~common~~is ~~stock and one redeemable common stock warrant (~~a ~~“Warrant”)~~principal atshareholder ~~a public offering price~~ of ~~$6.00~~our ~~per unit (a “Unit”)~~company. The ~~Warrants became exercisable~~lease ~~and~~previously ~~separately~~required ~~transferable~~monthly ~~from the shares 30 calendar days after February 13~~payments, ~~2013.~~commencing AtAugust ~~any time thereafter until three years following February 13~~1, ~~2013~~2012, ~~subject~~of ~~to earlier redemption~~$2,500 ~~each~~on ~~Warrant~~a ~~entitles~~month ~~the holder~~ to ~~purchase~~month ~~one~~basis. ~~tenth~~No ofsecurity adeposit ~~share~~was ofrequired. ~~our~~Beginning ~~common~~in ~~stock~~2015, atthe anCompany ~~exercise~~renegotiated ~~price of $2.00 (133% of~~ the ~~per~~terms ~~share price~~ of the ~~common~~lease, ~~stock~~and ~~included~~reduced in the ~~Units),~~rent ~~subject~~ to ~~adjustment. The Warrants are subject to redemption for~~ $~~0.0001~~10,000 per ~~Warrant~~year. ~~upon~~Rent ~~30 days prior written notice, provided that~~expense for the ~~last~~fiscal ~~sale~~years ~~price~~ended ofJune ~~our~~30, ~~common~~2015 ~~stock~~and ~~equals~~2014 orwas ~~exceeds~~ $~~3.00 (150% of the Warrant exercise price)~~10,000 ~~subject~~and ~~to adjustment~~$30,000 ~~for 10~~respectively. ~~consecutive~~For ~~trading~~fiscal ~~days.~~year Asending of June 30, ~~2014,~~2016 ~~28,666~~the company ~~units~~is ~~have~~occupying ~~been~~approximately ~~sold~~500 ~~and~~square nofeet ~~warrants~~rent ~~have~~free ~~been~~until ~~exercised.~~the ~~The~~company ~~Offering expired~~requires onadditional ~~August 14, 2013~~space.

~~Common~~On ~~Stock~~March 26, 2013 we entered into an Retail Installment Contract Receivable Purchase ~~Warrants~~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 loans receivables (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.

ADuring ~~summary~~the offiscal ~~the~~year ~~status~~ended ofJune 30, 2015 Friedman Financial Group, our ~~outstanding~~majority ~~common~~shareholder ~~stock~~received ~~purchase~~reimbursement ~~warrants~~of ~~granted~~$25,129 asfor expenditures made on behalf of ~~March~~the 31company. In addition, ~~2014~~Friedman ~~and~~Financial ~~changes~~Group, ~~during~~has ~~the~~submitted ~~period~~requests for reimbursement of $14,941 for isexpenses asrelated ~~follows:~~to the Company’s operations.

	Shares		Weighted
	Underlying		Average
	Warrants		exercise price
Outstanding and exercisable at June 30, 2013		2,867	$	2.00
Additions		-		-
Outstanding and exercisable at June 30, 2014		2,867	$	2.00

F-10

~~The~~AVANGARD ~~following~~CAPITAL ~~information applies to all warrants outstanding and exercisable at June 30~~GROUP, ~~2014~~INC.

Number of Warrants
outstanding and			Remaining contractual
exercisable	Exercise Price		life (Years)
2,867	$	2.00	1.58

NOTES TO FINANCIAL STATEMENTS

~~F-11~~June 30, 2015

~~AVANGARD~~During ~~CAPITAL~~the ~~GROUP~~year ended June 30, ~~INC~~2015, Joseph Friedman & Sons, Inc. received reimbursement of $18,842 for administrative, office and clerical support provided to the Company. At June 30, 2015 the Company had accounts payable to Friedman financial Group of $18,124 for reimbursable expenses incurred on behalf of the Company.

~~NOTES~~Officers TOand ~~FINANCIAL~~related ~~STATEMENTS~~parties of our company provide certain administrative expenses at no charge.

Due from related parties of $5,024 at June 30, 2015 represent amounts owed by Avangard Auto Finance and Commerce Way Office Complex for payments made by the Company on their behalf for legal expenses. Due from related parties of $7,000 at June 30, 2014, reflected a temporary loan to Avangard Auto Finance, a related party. The loan was fully repaid in July 2014.

NOTE 69 - ~~SHARE-BASED~~COMMITMENTS ~~COMPENSATION~~AND CONTINGENCIES

WeFrom ~~account~~time ~~for~~to ~~stock-based~~time, ~~compensation~~the byCompany ~~applying~~is a ~~fair-value-based~~defendant ~~measurement~~in ~~method~~various lawsuits incident to ~~account~~the ~~for~~ordinary ~~share-based~~course ~~payment~~of ~~transactions with~~business. ~~employees~~It ~~and~~is ~~directors.~~not Wepossible ~~recognized~~to determine, $0with ~~and~~any ~~$30~~precision,~~000~~ ~~for~~the probable outcome of the ~~fiscal~~amount ~~years~~of ~~ended~~any ~~June~~liability 30not covered by commercial insurance policies. Additionally, ~~2014~~on ~~and~~September ~~2013~~1, ~~respectively~~2015, ~~of compensation~~the ~~expense~~major ~~due~~shareholder toentered ~~issuance~~into ofan ~~2,000~~indemnity ~~shares~~agreement with the Company to ~~two~~indemnity ~~newly~~the Company ~~elected~~of ~~Board~~any ~~members~~liability atarising ~~$1.50~~from ~~per~~judgments ~~share~~related to repossessed vehicles.

NOTE 710 - ~~LOSS~~SUBSEQUENT ~~PER SHARE~~EVENTS

~~Basic~~On ~~net~~July ~~loss~~22, ~~per~~2015, ~~share~~in isa ~~computed~~matter bybefore ~~dividing~~the ~~net~~courts ~~loss~~of byPennsylvania ~~the~~unrelated ~~weighted~~to ~~average~~Avangard ~~number~~Capital ofGroup, ~~common~~Mr. ~~shares~~Gulko, ~~outstanding~~former ~~for~~officer ~~the period.~~and ~~The~~director ~~Company’s~~of ~~potential~~the ~~dilutive~~company ~~shares,~~agreed ~~which~~to ~~include~~a ~~convertible~~Stipulation ~~preferred shares~~ and ~~shares~~Consent ~~issuable~~Order ~~upon~~with ~~exercise~~Avangard ~~of the~~Auto ~~Warrants~~Finance, ~~have~~Inc., ~~not~~a ~~been~~related ~~included~~party. inThe ~~the~~order settled ~~computation~~claims ofby ~~diluted~~Avangard ~~net~~Auto ~~loss~~Finance, ~~per~~Inc. ~~share~~against asMr. ~~the~~Gulko ~~result~~and ~~would~~his ~~be antidilutive~~companies. ~~Such potentially~~In ~~dilutive~~settlement ~~shares~~of ~~are~~all ~~excluded~~claims ~~when~~Mr. ~~the~~Gulko ~~effect would be~~ agreed to ~~reduce~~relinquish ~~net~~all ~~loss~~ownership ~~per~~of ~~share.~~490,000 ~~All potential common~~ shares ~~have been~~of ~~excluded~~Common ~~from~~and ~~the~~48,237 ~~computation~~shares of ~~the~~Series ~~dilutive~~A ~~net~~Convertible ~~loss~~Preferred ~~per~~Stock. ~~share~~Avangard ~~for~~Auto Finance ~~the~~assigned ~~period presented because~~ the ~~effect~~shares ~~would~~received ~~have~~in ~~been antidilutive.~~settlement ~~Such~~to ~~potential~~Friedman ~~common~~Financial ~~shares~~Group, ~~consist~~LLC ofon ~~the~~August ~~following:~~21, 2015.

	June 30, 2014		June 30, 2013
Convertible preferred stock		271,500		2,715,000
Warrants attached to units sold		2,867		2,867

F-11

~~NOTE~~ITEM 89. -CHANGES ~~RELATED~~IN ~~PARTY~~AND ~~TRANSACTIONS~~DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

~~We entered into a lease agreement for office space with Commerce Way, LLC (“CWL”)~~None. 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. Rent expense for the Year ended June 30, 2014 and 2013 was $30,000 and $30,000 respectively.

OnITEM ~~March 26, 2013 we entered into an Retail Installment Contract Receivable Purchase Agreement (the “Purchase Agreement”) with Avangard Auto Finance, Inc~~9A. ~~and~~CONTROLS ~~Avangard~~AND 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 loans receivables (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.PROCEDURES

~~Officers~~Evaluation ~~and related parties~~ of ~~our~~Disclosure ~~company~~Controls ~~provide~~and ~~certain administrative expenses at no charge.~~Procedures

~~Other~~Our ~~current~~management ~~assets~~conducted an evaluation, with the participation of $7our Chief Executive Officer,~~000~~ ~~reflects~~who ais ~~temporary~~our ~~loan~~principal toexecutive ~~Avangard~~officer and ~~Auto~~our ~~Finance~~principal financial officer, aof ~~related~~the ~~party~~effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this annual report on Form 10-K. ~~The~~Based ~~loan~~upon ~~was~~that evaluation, ~~fully~~our ~~repaid~~Chief Executive Officer concluded that as a result of the material weakness and significant deficiencies in ~~July~~our ~~2014~~internal control over financial reporting described below, our disclosure controls and procedures were not effective, as of June 30, 2015.

~~NOTE~~Management’s 9Annual -Report ~~SUBSEQUENT~~on ~~EVENTS~~Internal Control over Financial Reporting

OnManagement ~~July~~is ~~10,~~responsible ~~2014,~~for the ~~Company~~preparation ~~agreed~~of toour ~~issue~~financial tostatements ~~Friedman~~and ~~Financial~~related ~~Group,~~information. ~~LLC,~~Management auses ~~related~~its ~~party,~~best ~~9,250,000~~judgment ~~shares~~to ofensure that the ~~Company’s Common~~financial ~~Stock~~statements inpresent ~~exchange~~fairly, ~~for~~in ~~$925.~~material ~~Simon Friedman~~respects, ~~the~~our ~~Company’s~~financial ~~CEO~~position and ~~Chairman~~results of ~~the~~operations ~~Board,~~in ~~has voting and dispositive~~conformity ~~control~~with ~~over~~generally ~~securities~~accepted ~~held~~accounting ~~by Friedman Financial Group, LLC~~principles.

OnManagement ~~July~~is ~~10,~~responsible ~~2014,~~for establishing and maintaining adequate internal control over financial reporting as defined in the ~~Company~~Exchange Act. ~~agreed~~These tointernal ~~issue~~controls are designed to ~~Jerry~~provide ~~Kindrachuk~~reasonable ~~500~~assurance that the reported financial information is presented fairly,~~000~~ ~~shares~~that ofdisclosures are adequate and that the ~~Company’s~~judgments ~~Common~~inherent ~~Stock~~in the preparation of financial statements are reasonable. There are inherent limitations in ~~exchange~~the effectiveness of any system of internal controls including the possibility of human error ~~for~~and ~~$50~~overriding of controls. Consequently, an ineffective internal control system can only provide reasonable, not absolute, assurance with respect to reporting financial information.

OnOur ~~July~~internal ~~10,~~control ~~2014,~~over ~~the~~financial ~~Company~~reporting ~~agreed~~includes topolicies ~~issue~~and procedures that: (i) pertain to ~~Arkady~~maintaining ~~“Eric”~~records ~~Rayz~~that, ain ~~member~~reasonable detail, accurately and fairly reflect our transactions; (ii) provide reasonable assurance that transactions are recorded as necessary for preparation of our financial statements in accordance with generally accepted accounting principles and that the ~~Company’s~~receipts and ~~Board~~expenditures of ~~Directors,~~Company assets are made in accordance with our management and directors authorization; and (iii) provide reasonable ~~9,000~~assurance ~~shares~~regarding the prevention of ~~its~~or ~~Common~~timely ~~Stock~~detection inof ~~exchange~~unauthorized ~~for~~acquisition, ~~services~~use ~~which~~or ~~were~~disposition ~~valued~~of atassets $1that could have a material effect on our financial statements.

OnUnder ~~July~~the ~~10,~~supervision ~~2014~~of management, ~~the~~including ~~Company~~our ~~agreed~~Chief toExecutive ~~issue~~Officer, towe ~~Robert~~conducted ~~Cornaglia,~~an aevaluation ~~member~~of the effectiveness of our internal control over financial reporting based on the ~~Company’s~~framework ~~Board~~in ofInternal ~~Directors,~~Control ~~9,000~~- ~~shares~~Integrated Framework issued by the Committee of Sponsoring Organizations of ~~its~~the ~~Common~~Treadway ~~Stock~~Commission (“COSO”) published in ~~exchange~~1992 and subsequent guidance prepared by COSO specifically for ~~services~~smaller ~~which~~public ~~were~~companies. ~~valued~~Based aton $1that evaluation, our management concluded that our internal control over financial reporting was not effective as of June 30, 2015 for the reasons discussed below.

~~F-12~~A significant deficiency is a deficiency, or combination of deficiencies in internal control over financial reporting, that adversely affects the entity’s ability to initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the entity’s financial statements that is more than inconsequential will not be prevented or detected by the entity’s internal control. A material weakness is a deficiency or a combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the annual or interim consolidated financial statements will not be prevented or detected on a timely basis.

~~ITEM~~Management 9.identified ~~CHANGES~~the INfollowing ~~AND~~material ~~DISAGREEMENTS~~weakness ~~WITH~~and ~~ACCOUNTANTS~~significant ONdeficiencies ~~ACCOUNTING~~in its assessment of the effectiveness of internal control ~~AND~~over ~~FINANCIAL~~financial ~~DISCLOSURE~~reporting as of June 30, 2015:

~~None~~● Material Weakness - The Company did not maintain effective controls over certain aspects of the financial reporting process because we lacked a sufficient complement of personnel with a level of accounting expertise and an adequate supervisory review structure that is commensurate with the Company’s financial reporting requirements. ● Significant Deficiencies - Inadequate segregation of duties.

~~ITEM~~We 9Aexpect to be materially dependent upon a third party to provide us with accounting consulting services for the foreseeable future. Until ~~CONTROLS~~such ~~AND~~time ~~PROCEDURES~~as we have a chief financial officer with the requisite expertise in U.S. generally accepted accounting principles, there are no assurances that the material weaknesses and significant deficiencies in our disclosure controls and procedures and internal control over financial reporting will not result in errors in our financial statements which could lead to a restatement of those financial statements.

~~Evaluation of~~- ~~Disclosure~~10 ~~Controls and Procedures~~-

Our management ~~conducted an evaluation~~, ~~with~~including ~~the participation of~~ our Chief Executive Officer, ~~who~~does isnot expect that our ~~principal~~disclosure ~~executive~~controls ~~officer~~ and procedures or our ~~principal~~internal controls ~~financial~~will ~~officer,~~prevent ofall ~~the~~error ~~effectiveness~~and ofall ~~our~~fraud. ~~disclosure~~A ~~controls~~control ~~and~~system, ~~procedures~~no ~~(as~~matter ~~defined~~how inwell ~~Rules~~conceived ~~13a-15(e)~~ and ~~15d-15(e)~~operated, ~~under~~can ~~the~~provide ~~Exchange~~only ~~Act)~~reasonable, not asabsolute, ofassurance that the ~~end~~objectives of the ~~period~~control ~~covered~~system byare ~~this~~met. ~~annual~~Further, ~~report~~the ondesign ~~Form~~of ~~10-K.~~a ~~Based~~control ~~upon~~system ~~that~~must reflect ~~evaluation,~~the ~~our~~fact ~~Chief~~that ~~Executive~~there ~~Officer~~are ~~concluded~~resource ~~that~~constraints asand athe ~~result~~benefits of ~~the~~controls ~~material~~must ~~weakness~~be ~~and~~considered ~~significant~~relative ~~deficiencies~~to intheir ~~our internal~~costs. ~~control~~Due ~~over~~to ~~financial~~the inherent ~~reporting~~limitations ~~described~~in ~~below~~all control systems, ~~our~~no ~~disclosure~~evaluation of controls ~~and~~can ~~procedures~~provide ~~were~~absolute ~~not~~assurance ~~effective,~~that asall ofcontrol ~~June~~issues 30and instances of fraud, ~~2014~~if any, within our Company have been detected.

This annual report on Form 10-K does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting. Management’s ~~Annual~~ ~~Report~~report on ~~Internal~~internal ~~Control~~control over ~~Financial~~financial ~~Reporting~~reporting is not subject to attestation by our registered public accounting firm pursuant to rules of the SEC that permit us to provide only management’s report in this annual report on Form 10-K.

~~Management~~Changes ~~is responsible for the preparation of our financial statements and related information. Management uses its best judgment to ensure that the financial statements present fairly,~~ in ~~material~~Internal ~~respects,~~Controls ~~our~~over ~~financial~~Financial ~~position and results of operations in conformity with generally accepted accounting principles.~~Reporting

~~Management~~There ishave ~~responsible~~been ~~for~~no ~~establishing~~changes ~~and~~in ~~maintaining~~our ~~adequate~~ internal control over financial reporting asduring ~~defined in~~ the ~~Exchange Act.~~three ~~These~~month ~~internal~~period ~~controls~~ended ~~are~~June ~~designed to provide reasonable assurance that the reported financial information is presented fairly~~30, ~~that~~2015 ~~disclosures are adequate and~~ that ~~the judgments inherent in the preparation of financial statements are reasonable.~~has ~~There~~materially ~~are~~affected, ~~inherent~~or ~~limitations~~is inreasonably ~~the~~likely ~~effectiveness~~to ofmaterially ~~any system of internal controls including the possibility of human error and overriding of controls. Consequently~~affect, anour ~~ineffective~~ internal control ~~system~~over ~~can only provide reasonable, not absolute, assurance with respect to reporting~~ financial ~~information~~reporting.

~~Our~~ITEM ~~internal~~9B. ~~control~~OTHER over financial reporting includes policies and procedures that: (i) pertain to maintaining records that, in reasonable detail, accurately and fairly reflect our transactions; (ii) provide reasonable assurance that transactions are recorded as necessary for preparation of our financial statements in accordance with generally accepted accounting principles and that the receipts and expenditures of Company assets are made in accordance with our management and directors authorization; and (iii) provide reasonable assurance regarding the prevention of or timely detection of unauthorized acquisition, use or disposition of assets that could have a material effect on our financial statements.INFORMATION

Under the supervision of management, including our Chief Executive Officer, we conducted an evaluation of the effectiveness of our internal control over financial reporting based on the framework in Internal Control — Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) published in 1992 and subsequent guidance prepared by COSO specifically for smaller public companiesNone. ~~Based on that evaluation, our management concluded that our internal control over financial reporting was not effective as of June 30, 2014 for the reasons discussed below.~~

APART significant deficiency is a deficiency, or combination of deficiencies in internal control over financial reporting, that adversely affects the entity’s ability to initiate, authorize, record, process, or report financial data reliably in accordance with generally accepted accounting principles such that there is more than a remote likelihood that a misstatement of the entity’s financial statements that is more than inconsequential will not be prevented or detected by the entity’s internal control. A material weakness is a deficiency or a combination of deficiencies in internal control over financial reporting such that there is a reasonable possibility that a material misstatement of the annual or interim consolidated financial statements will not be prevented or detected on a timely basis.III

~~Management~~ITEM ~~identified~~10. ~~the~~DIRECTORS, ~~following~~EXECUTIVE ~~material~~OFFICERS ~~weakness~~AND ~~and~~CORPORATE ~~significant deficiencies in its assessment of the effectiveness of internal control over financial reporting as of June 30, 2014:~~GOVERNANCE

●Set forth ~~Material~~below ~~Weakness~~are ~~– The Company did not maintain effective controls over certain aspects of~~ the ~~financial~~names ~~reporting~~and ~~process~~ages ~~because we lacked a sufficient complement~~ of ~~personnel~~our ~~with~~directors ~~a level of accounting expertise~~ and anexecutive ~~adequate~~officers, ~~supervisory~~as ~~review~~well ~~structure~~as ~~that~~certain isbiographical ~~commensurate with the Company’s financial reporting requirements~~information. ~~● Significant Deficiencies – Inadequate segregation of duties.~~

We expect to be materially dependent upon a third party to provide us with accounting consulting services for the foreseeable future. Until such time as we have a chief financial officer with the requisite expertise in U.S. generally accepted accounting principles, there are no assurances that the material weaknesses and significant deficiencies in our disclosure controls and procedures and internal control over financial reporting will not result in errors in our financial statements which could lead to a restatement of those financial statements.

Name	Age	Positions and Offices Held
Simon Friedman	68	Chief Executive Officer, Secretary and Director
Arkady “Eric” Rayz	39	Director
Robert A. Cornaglia, CPA	48	Director

15Our directors are appointed for a one-year term to hold office until the next annual meeting of our stockholders and until their successors have been duly elected and qualified, or until removed from office in accordance with our bylaws. There are no agreements with respect to the election of directors. Our Board of Directors appoints officers annually and each executive officer serves at the discretion of our Board of Directors. We have a standing audit committee comprised of Robert Cornaglia and Eric Rayz.

~~Our~~Simon management, including our Chief Executive 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 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.Friedman

~~This~~Mr. ~~annual~~Friedman ~~report~~has onserved ~~Form~~as ~~10-K~~our ~~does~~Chief ~~not~~Executive ~~include~~Officer ansince ~~attestation~~December ~~report~~2013, ofand as our ~~registered~~corporate ~~public~~secretary ~~accounting~~and ~~firm~~a ~~regarding~~director ~~internal~~since our ~~control~~inception ~~over~~in ~~financial~~June ~~reporting~~2012. ~~Management’s~~From ~~report~~1983 onto ~~internal~~1992 ~~control~~and ~~over~~since ~~financial~~1999, ~~reporting~~Mr. isFriedman ~~not~~has ~~subject~~been the President of Joseph Friedman & Sons, a family run cigarette distribution business and the founder and general manager of Friedman Financial Group, LLC (“Friedman Financial”), which provides business consulting and advisory services related to ~~attestation~~the former Soviet Union. From 1992 to 1998 byMr. ~~our~~Friedman ~~registered~~was ~~public~~the ~~accounting~~general ~~firm~~manager ~~pursuant~~of operations in Ukraine for British American Tobacco, an importer and wholesale distributor of cigarettes and other tobacco products. From 1979 to ~~rules~~1982, Mr. Friedman was a Manager of ~~the~~Estimating ~~SEC~~and ~~that~~Planning ~~permit~~for usLavelle Aircraft Company in Philadelphia, Pennsylvania. In 1979, Mr. Friedman immigrated to ~~provide~~the ~~only~~United ~~management’s~~States. ~~report~~Mr. Friedman holds degrees in ~~this~~civil ~~annual~~and ~~report~~aeronautical onengineering ~~Form~~from ~~10-K~~the College of Construction Engineering of Arvno, Ukraine. His entrepreneurial business activities began in 1983, with the purchase of his first cigarette business. In 2006, Mr. Friedman entered into the automobile financing business.

~~Changes~~As a co-founder, officer and director of our Company, Mr. Friedman brings our Board his considerable experience in ~~Internal~~operating ~~Controls~~a ~~over~~variety of ~~Financial~~businesses, ~~Reporting~~which qualifies him to continue to serve as a director of our Company.

~~There have~~- ~~been~~11 no changes in our internal control over financial reporting during the quarter ended June 30, 2014 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.-

~~ITEM~~Arkady ~~9B.~~“Eric” ~~OTHER INFORMATION~~Rayz

WeMr. ~~filed~~Rayz is a ~~Certificate~~summa cum laude and Phi Beta Kappa graduate of ~~Change~~Temple ~~pursuant~~University. toAs ~~Section~~an 78undergraduate, Mr.~~209~~ Rayz was a recipient of the H. ~~Nevada~~Thomas ~~Revised~~and ~~Statutes~~Dorothy ~~(the~~Willits ~~“Certificate~~Hallowell ofScholarship ~~Change”)~~and Temple University President’s Scholar Award. Mr. Rayz obtained his ~~with~~Juris Doctorate from the ~~Secretary~~James E. Beasley School of ~~State~~Law of ~~the~~Temple ~~State~~University, where he was a staff member and editor of ~~Nevada~~the toTemple International ~~effect~~and aComparative ~~one~~Law ~~(1)~~Journal. Mr. Rayz served a two-year term as a Staff Attorney for~~-ten~~ ~~(10)~~Justice ~~reverse~~Sandra ~~stock~~Schultz ~~split~~Newman of (the Supreme Court of Pennsylvania and has co-authored an article entitled “~~Reverse~~Capital ~~Split”)~~ Sentencing: The Effect of Adding Aggravators to Death Penalty Statutes in Pennsylvania” that appeared in the ~~authorized~~University ~~and~~of ~~issued~~Pittsburgh Law Review. Mr. Rayz has broad experience in handling matters in federal and ~~outstanding~~state ~~shares~~courts. He is admitted to practice in the Commonwealth of ~~its~~Pennsylvania ~~common~~and the ~~stock~~State of New York, ~~par~~before ~~value~~the $0U.~~0001~~S. ~~per~~District ~~share~~Court (for the ~~“Common~~Eastern ~~Stock”)~~District of Pennsylvania, the U.S. Court of Appeals for ~~Pursuant~~the toThird Judicial Circuit, and the ~~Certificate~~United States Supreme Court. Since 2005, Mr. Rayz has been a co-managing member of ~~Change~~Kalikhman & Rayz, LLC, where he advises clients on transactional and litigation matters, involving corporate governance, business financing, commercial disputes, and real estate transfers. In 2012, Mr. Rayz was appointed judge pro tempore by the ~~Reverse~~Philadelphia ~~Split~~County ~~became~~Court of ~~effective~~Common ~~June~~Pleas. 30In the same year, ~~2014~~Mr. (Rayz received the honor of being named a “~~Effective~~Top ~~Time~~Lawyer”). Weby Main Line Today Magazine. ~~filed~~In a2012 ~~correction~~and to2013, ~~this~~Mr. ~~certificate~~Rayz ofwas ~~change~~named ona ~~September~~Pennsylvania ~~18,~~Super ~~2014~~Lawyer toRising ~~clarify~~Star® by the ~~reverse~~Super ~~stock~~Lawyers ~~split~~Magazine ~~ratio~~and Philadelphia Magazine.

~~The~~We ~~Reverse~~believe ~~Split~~that ~~was approved by our Board of Directors without shareholder approval, in accordance with~~ the ~~authority~~experience ~~conferred by Section 78.207~~ of ~~the Nevada Revised Statutes~~Mr. AtRayz ~~the~~as ~~Effective~~a ~~Time,~~lawyer ~~the~~qualifies ~~Company’s~~him ~~Articles~~to ofserve ~~Incorporation~~as ~~were~~a ~~also deemed~~director ~~amended and the authorized number~~ of ~~shares~~our ~~of Common Stock decreased from 1,000,000,000 shares to 100,000,000 shares~~Company.

~~Pursuant~~Robert to the Certificate of Change, holders of the Common Stock are deemed to hold one (1) post-split share of Common Stock for every ten (10) shares of our issued and outstanding Common Stock held immediately prior to the Effective TimeA. ~~No fractional shares of the Common Stock will be issued in connection with the Reverse Split. Stockholders who are entitled to a fractional post-split share will receive~~Cornaglia, ~~in lieu thereof, one (1) whole post-split share.~~CPA

~~The~~Mr. ~~Common~~Cornaglia, ~~Stock~~is ~~will~~a bepartner ~~listed~~in ~~under~~the accounting firm, Raible, Cornaglia, Wenstrom & Raible, LLC located in Mt. Laurel, NJ. Mr. Cornaglia’s practice mainly consists of advising closely-held businesses on financial reporting and tax compliance. Prior to joining the Firm as a ~~new~~partner ~~CUSIP~~in ~~number~~2005, ~~05350D~~Mr. ~~205~~Cornaglia was the Chief Financial Officer for a privately held 65-unit Philadelphia-based retail financial services company. Mr. Cornaglia earned his Bachelor of Science in Business Administration from Drexel University in 1989 and was licensed as a certified public accountant in 1995.

~~PART~~We ~~III~~believe that the experience of Mr. Cornaglia as an accountant and former chief financial officer qualifies him to serve as a director of our Company and a member of the audit committee.

~~ITEM~~Committees ~~10.~~of ~~DIRECTORS,~~our ~~EXECUTIVE~~Board ~~OFFICERS~~of ~~AND CORPORATE GOVERNANCE~~Directors

~~Set~~Our ~~forth~~securities ~~below~~ are ~~the~~not ~~names~~quoted ~~and~~on ~~ages~~an exchange that has requirements that a majority of our ~~directors~~Board members be independent and ~~executive~~we ~~officers~~are not currently otherwise subject to any law, asrule ~~well~~or asregulation ~~certain~~requiring ~~biographical~~that ~~information~~all or any portion of our Board of Directors include “independent” directors, nor are we required to establish or maintain an audit committee or other committee of our Board of Directors.

Name	Age	Positions and Offices Held
Simon Friedman	67	Chief Executive Officer, Secretary and Director
Arkady “Eric” Rayz	38	Director
Robert A. Cornaglia, CPA	47	Director

We have established an audit committee, however. The audit committee reviews our accounting, auditing, financial reporting, and internal control functions and selects our independent auditors. The audit committee is comprised of Robert Cornaglia, CPA and Eric Rayz, Esq. We have not made a determination as to whether Messrs. Cornaglia or Rayz is considered independent.

~~Our~~The ~~directors~~Board ~~are~~does ~~appointed~~not ~~for a one-year term to hold office until the next annual meeting of our stockholders and until their successors~~ have ~~been~~standing ~~duly~~compensation ~~elected and qualified,~~ or ~~until~~nominating ~~removed~~committees. ~~from~~The ~~office~~Board indoes ~~accordance~~not ~~with~~believe ~~our~~a ~~bylaws.~~compensation ~~There~~or ~~are~~nominating nocommittee is ~~agreements~~necessary ~~with respect~~based toon the ~~election~~size of ~~directors. We compensated~~ our ~~directors~~Company, ~~who~~the ~~are~~current ~~not~~levels ~~employees~~ of ~~our~~compensation ~~Company~~to ~~for~~corporate ~~service~~officers ~~on our Board of Directors~~ and ~~any~~the ~~committee~~beneficial ~~thereof~~ ownership by ~~granting~~two tostockholders ~~each~~ of ~~Messrs.~~more ~~Cornaglia~~than ~~and~~90% ~~Rayz 10,000 shares~~ of our ~~unregistered~~outstanding common stock. ~~Our~~The Board ofwill ~~Directors~~consider ~~appoints~~establishing ~~officers~~compensation ~~annually~~ and ~~each~~nominating committees ~~executive officer serves~~ at the ~~discretion~~appropriate ~~of our Board of Directors~~time. ~~We have a standing audit committee comprised of Robert Cornaglia and Eric Rayz.~~

16The entire Board of Directors participates in the consideration of compensation issues and of director nominees. Candidates for director nominees are reviewed in the context of the current composition of the Board and the Company’s operating requirements and the long-term interests of its stockholders. In conducting this assessment, the Board of Directors considers skills, diversity, age, and such other factors as it deems appropriate given the current needs of the Board and the Company, to maintain a balance of knowledge, experience and capability.

~~Simon~~The ~~Friedman~~Board’s process for identifying and evaluating nominees for director, including nominees recommended by stockholders, will involve compiling names of potentially eligible candidates, conducting background and reference checks, conducting interviews with the candidate and others (as schedules permit), meeting to consider and approve the final candidates and, as appropriate, preparing an analysis with regard to particular recommended candidates.

~~Mr.~~Through ~~Friedman~~their ~~has~~own ~~served~~business asactivities ~~our Chief Executive Officer since December 2013,~~ and asexperiences ~~our~~each ~~corporate~~of ~~secretary~~directors ~~and~~have acome ~~director~~to ~~since~~understand ~~our inception~~that in ~~June~~today’s ~~2012.~~business ~~From 1983 to 1992 and since 1999~~environment, providing ~~Mr.~~floor ~~Friedman~~plan ~~has~~financing ~~been~~for ~~the~~independent ~~President~~used ofcar ~~Joseph~~dealers ~~Friedman & Sons, a family run cigarette distribution business~~ and ~~the~~consumer ~~founder~~auto ~~and~~financing, ~~general~~along ~~manager~~with ofother ~~Friedman~~related ~~Financial Group~~efforts, ~~LLC (“Friedman~~ ~~Financial”),~~are ~~which provides business consulting and advisory services related to~~ the ~~former~~keys ~~Soviet Union. From 1992~~ to ~~1998 Mr.~~building ~~Friedman was the general manager of operations in Ukraine for British American Tobacco,~~ an ~~importer~~auto ~~and~~sales ~~wholesale~~finance ~~distributor of cigarettes and other tobacco products~~company. ~~From~~The ~~1979~~directors towill ~~1982,~~seek ~~Mr.~~out ~~Friedman~~individuals ~~was~~with arelevant ~~Manager~~experience ~~of Estimating and Planning for Lavelle Aircraft Company in Philadelphia, Pennsylvania. In 1979, Mr. Friedman immigrated~~ to ~~the United States. Mr. Friedman holds degrees~~operate ~~in civil~~ and ~~aeronautical~~build ~~engineering~~our ~~from~~current ~~the~~and ~~College~~proposed ~~of Construction Engineering of Arvno, Ukraine. His entrepreneurial~~ business ~~activities~~ ~~began in 1983, with the purchase of his first cigarette business~~activities. ~~In 2006, Mr. Friedman entered into the automobile financing business.~~

AsCompensation aCommittee ~~co-founder,~~Interlocks ~~officer~~ and ~~director~~Insider ~~of our Company, Mr. Friedman brings our Board his considerable experience in operating a variety of businesses, which qualifies him to continue to serve as a director of our Company.~~Participation

~~Arkady~~Our ~~“Eric”~~Board ~~Rayz~~of Directors does not have, and has not had, a compensation committee. None of our executive officers serves as a member of the board of directors or compensation committee of any entity which has one or more executive officers serving as a member of our Board of Directors.

Mr. Rayz is a summa cum laude and Phi Beta Kappa graduate of Temple University. As an undergraduate, Mr. Rayz was a recipient of the H. Thomas and Dorothy Willits Hallowell Scholarship and Temple University President’s Scholar Award. Mr. Rayz obtained his Juris Doctorate from the James E. Beasley School of Law of Temple University, where he was a staff member and editor of the Temple International and Comparative Law Journal. Mr. Rayz served a two-~~year~~ ~~term~~12 ~~as a Staff Attorney for Justice Sandra Schultz Newman of the Supreme Court of Pennsylvania and has co~~-authored an article entitled “Capital Sentencing: The Effect of Adding Aggravators to Death Penalty Statutes in Pennsylvania” that appeared in the University of Pittsburgh Law Review. Mr. Rayz has broad experience in handling matters in federal and state courts. He is admitted to practice in the Commonwealth of Pennsylvania and the State of New York, before the U.S. District Court for the Eastern District of Pennsylvania, the U.S. Court of Appeals for the Third Judicial Circuit, and the United States Supreme Court. Since 2005, Mr. Rayz has been a co-managing member of Kalikhman & Rayz, LLC, where he advises clients on transactional and litigation matters, involving corporate governance, business financing, commercial disputes, and real estate transfers. In 2012, Mr. Rayz was appointed judge pro tempore by the Philadelphia County Court of Common Pleas. In the same year, Mr. Rayz received the honor of being named a “Top Lawyer” by Main Line Today Magazine. In 2012 and 2013, Mr. Rayz was named a Pennsylvania Super Lawyer Rising Star® by the Super Lawyers Magazine and Philadelphia Magazine.

WeDirector ~~believe that the experience of Mr. Rayz as a lawyer qualifies him to serve as a director of our Company.~~Compensation

~~Robert A~~Mr. Friedman ~~Cornaglia,~~performed ~~CPA~~director services without compensation during the fiscal year ended June 30, 2015.

~~Mr.~~Compliance ~~Cornaglia,~~with isSection 16(a) ~~partner in the accounting firm, Raible, Cornaglia, Wenstrom & Raible, LLC located in Mt. Laurel, NJ. Mr. Cornaglia’s practice mainly consists~~ of ~~advising closely-held businesses on financial reporting and tax compliance. Prior to joining~~ the ~~Firm as~~Exchange a partner in 2005, Mr. Cornaglia was the Chief Financial Officer for a privately held 65-unit Philadelphia-based retail financial services company. Mr. Cornaglia earned his Bachelor of Science in Business Administration from Drexel University in 1989 and was licensed as a certified public accountant in 1995.Act

WeSince ~~believe~~none ~~that~~of ~~the~~our ~~experience~~securities ofhas ~~Mr.~~been ~~Cornaglia~~registered aspursuant anto ~~accountant~~Section ~~and~~12(b) ~~former~~or ~~chief~~12(g) ~~financial~~of ~~officer~~the ~~qualifies~~Exchange ~~him~~Act, toour ~~serve~~officers asand ~~a director~~directors and persons who own more than 10% of our ~~Company~~common ~~and~~stock aare ~~member~~not ofrequired ~~the~~to ~~audit~~file ~~committee~~Section 16(a) beneficial ownership reports.

~~Committees~~ITEM of11. ~~our~~EXECUTIVE ~~Board of Directors~~COMPENSATION

~~Our~~The ~~securities~~following ~~are~~table ~~not~~sets ~~quoted~~forth oncertain ancompensation ~~exchange~~information ~~that~~for ~~has~~each ~~requirements~~person ~~that~~who aserved ~~majority~~as of our ~~Board~~principal ~~members~~executive beofficer ~~independent and we are~~during ~~not~~the ~~currently~~fiscal ~~otherwise~~year ~~subject~~ended toJune ~~any~~30, ~~law~~2015, ~~rule~~regardless orof ~~regulation~~the ~~requiring~~compensation ~~that~~level. ~~all~~Compensation orinformation ~~any~~is ~~portion~~shown offor ~~our~~the ~~Board~~fiscal ~~of Directors include~~years ~~“independent”~~ended ~~directors~~June 30, ~~nor~~2015 ~~are~~and ~~we required to establish or maintain an audit committee or other committee of our Board of Directors.~~2014:

We2015 ~~have~~SUMMARY ~~established~~COMPENSATION an audit committee, however. The audit committee reviews our accounting, auditing, financial reporting, and internal control functions and selects our independent auditors. The audit committee is comprised of Robert Cornaglia, CPA and Eric Rayz, Esq. We have not made a determination as to whether Messrs. Cornaglia or Rayz is considered independent.TABLE

The Board does not have standing compensation or nominating committees. The Board does not believe a compensation or nominating committee is necessary based on the size of our Company, the current levels of compensation to corporate officers and the beneficial ownership by two stockholders of more than 90% of our outstanding common stock. The Board will consider establishing compensation and nominating committees at the appropriate time.

Name and Principal Position	Fiscal Year	Salary ($)	Option Awards	All Other Compensation ($)	Total ($)
Simon Friedman,	2015	-	-	-	-
Chief Executive Officer (1)	2014	-	-	-	-

~~The~~(1) ~~entire Board of Directors participates in the consideration of compensation issues and of director nominees~~Mr. ~~Candidates~~Friedman ~~for~~was ~~director nominees~~appointed ~~are~~Chief ~~reviewed~~Executive inOfficer ~~the~~on ~~context~~December ~~of the current composition of the Board and the Company’s operating requirements and the long-term interests of its stockholders. In conducting this assessment~~11, the Board of Directors considers skills, diversity, age, and such other factors as it deems appropriate given the current needs of the Board and the Company, to maintain a balance of knowledge, experience and capability2013.

17Employment Agreements with Executive Officers

The Board’s process for identifying and evaluating nominees for director, including nominees recommended by stockholders, will involve compiling names of potentially eligible candidates, conducting background and reference checks, conducting interviews with the candidate and others (as schedules permit), meeting to consider and approve the final candidates and, as appropriate, preparing an analysis with regard to particular recommended candidatesNone.

~~Through~~Outstanding ~~their~~Equity ~~own~~Awards ~~business~~at ~~activities~~Fiscal and experiences each of directors have come to understand that in today’s business environment, providing floor plan financing for independent used car dealers and consumer auto financing, along with other related efforts, are the keys to building an auto sales finance company. The directors will seek out individuals with relevant experience to operate and build our current and proposed business activities.Year-End

~~Compensation~~No ~~Committee~~executive ~~Interlocks~~officer ~~and~~received ~~Insider~~any ~~Participation~~equity awards, or holds exercisable or unexercisable options, as of June 30, 2015.

~~Our~~Long-Term ~~Board~~Incentive of Directors does not have, and has not had, a compensation committee. None of our executive officers serves as a member of the board of directors or compensation committee of any entity which has one or more executive officers serving as a member of our Board of Directors.Plans

~~Director~~There ~~Compensation~~are no arrangements or plans in which the Company would provide pension, retirement or similar benefits for directors or executive officers.

~~Mr.~~ITEM ~~Friedman~~12. ~~performed~~SECURITY ~~director~~OWNERSHIP ~~services~~OF ~~without~~CERTAIN ~~compensation~~BENEFICIAL ~~during~~OWNERS ~~the~~AND ~~fiscal~~MANAGEMENT ~~year~~AND ~~ended~~RELATED ~~June~~STOCKHOLDER ~~30, 2014.~~MATTERS

~~Messrs.~~The ~~Rayz~~following ~~and~~tables ~~Cornaglia,~~set ~~members~~forth ofcertain ~~the~~information, ~~Board~~as of ~~Directors~~September 30, ~~each~~2015, ~~received~~with ~~1,000~~respect ~~unregistered~~to ~~shares~~the beneficial ownership of our common stock asand ~~compensation for~~our ~~their~~Series ~~service~~A asConvertible ~~members~~Preferred ofStock ~~the~~by ~~Board~~(i) any holder of ~~Directors.~~more ~~The~~than ~~shares~~5% ~~were~~of ~~valued~~our atcommon ~~$0.15~~stock, ~~per~~(ii) ~~share.~~each Inof ~~addition~~our executive officers and directors, Mrand (iii) our directors and executive officers as a group. ~~Cornaglia provided~~The ~~certain~~percentage ~~consulting~~of ~~services~~shares tobeneficially ~~the~~owned is ~~Company~~based ~~during~~upon ~~fiscal~~(a) ~~2013~~10,781,466 ~~for~~shares ~~which~~of hecommon ~~was~~stock ~~paid~~outstanding, ~~approximately~~(b) $2585,000. Inshares ~~addition,~~of Series A Convertible Preferred Stock outstanding onas ~~July~~of 10September 30, ~~2014~~2015, ~~Messrs. Rayz~~ and ~~Cornaglia~~(c) ~~each~~2,867 ~~received~~outstanding ~~9,000~~warrants ~~unregistered~~to purchase shares of ~~our~~ common stock. asHolders ~~compensation~~of ~~for~~Series ~~their~~A Convertible ~~service~~Preferred asStock ~~members~~are ofentitled ~~the~~to ~~Board~~vote ofon ~~Directors.~~all ~~Each~~matters ~~9,000~~with ~~share~~the ~~issuance~~common ~~was~~stockholders, ~~valued~~voting attogether $1as one class.~~00.~~ ~~There~~Each isshare noof Series ~~other~~A ~~compensation~~Convertible ~~being considered~~Preferred atStock ~~this~~is ~~time~~entitled to three votes.

~~Compliance~~Unless ~~with~~otherwise ~~Section~~indicated, ~~16(~~the business address of each person listed is in care of Avangard Capital Group, Inc. 2708 Commerce Way, Philadelphia, PA 19154. A person is a) “beneficial owner” of a security if that person has or shares voting or investment power over the ~~Exchange~~security ~~Act~~or if he or she has the right to acquire beneficial ownership within 60 days. All outstanding shares of Series A Convertible Preferred Stock are convertible within 60 days, and all outstanding warrants are exercisable within 60 days. Unless otherwise noted, these persons, to our knowledge, have sole voting and investment power over the shares listed.

Since none of our securities has been registered pursuant to Section 12(b) or 12(g) of the Exchange Act, our officers and directors and persons who own more than 10% of our common stock are not required to file Section 16(a) beneficial ownership reports.

Convertible Preferred Stock Series A
	Amount and Nature
	of Beneficial		Percent of Class
Name of Beneficial Owner	Ownership		(1)
Simon Friedman (2)		585,000		100.00	%

All Officers and Directors as a Group (1 person)		585,000		100.00	%

~~ITEM 11.~~- ~~EXECUTIVE~~13 ~~COMPENSATION~~-

The following table sets forth certain compensation information for each person who served as our principal executive officer during the fiscal year ended June 30, 2014, regardless of the compensation level. Compensation information is shown for the fiscal years ended June 30, 2014 and 2013:

(1)	Based on 585,000 shares of Series A Convertible Preferred Stock outstanding.

(2)	The number of shares beneficially owned by Mr. Friedman, our interim Chief Executive Officer and a Director, represents 585,000 shares of Series A Convertible Preferred Stock owned by Friedman Financial Group, LLC (“Friedman Financial”). Mr. Friedman has voting and dispositive control over securities held by Friedman Financial.

2014 SUMMARY COMPENSATION TABLE

Common Stock
	Amount and Nature
	of Beneficial		Percent of Class
Name of Beneficial Owner	Ownership		(1)
Simon Friedman (2)		12,005,000		95.8	%
Arkady Rayz		10,000		*
Robert A. Cornaglia, CPA		10,000		*
All Executive Officers and Directors as a Group (3 persons)		12,025,000		95.9	%

Name and Principal Position	Fiscal Year		Salary ($)		Option Awards		All Other Compensation ($)		Total ($)
Simon Friedman,		2014		-		-		-		-
Chief Executive Officer (1)		2013		-		-		-		-
Alan Gulko,		2014		10,916		-		-		10,916
Former Chief Executive Officer (2)		2013		1,084		-		-		1,084

* Less than 1%

(1)

~~Mr.~~Based ~~Friedman~~on ~~was~~10,781,466 ~~appointed~~shares ~~Chief~~outstanding ~~Executive~~of ~~Officer~~common onstock ~~December~~outstanding 11and 1,755,000 ~~2013~~shares of our common stock giving effect to the conversion of the 585,000 shares of Series A Convertible Preferred Stock currently outstanding.

(2)

The number of shares owned by Mr. ~~Gulko~~Friedman, ~~ceased~~our tointerim be Chief Executive Officer onand ~~December~~a 11Director, ~~2013~~includes 10,250,000 shares of common stock held of record by Friedman Financial Group, LLC and 1,755,000 shares of common stock giving effect to the conversion of the 585,000 shares of Series A Convertible Preferred Stock currently outstanding and owned by Freidman Financial Group, LLC as such shares have voting rights. Mr. Friedman has voting and dispositive control over securities held by Friedman Financial Group, LLC.

18ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

~~Employment~~List ~~Agreements~~of ~~with~~Related ~~Executive Officers~~Parties

~~Effective~~We ~~June~~have ~~15,~~specified ~~2013,~~ the ~~Company~~following ~~entered~~persons ~~into an employment agreement for an initial term of three years with Alan Gulko, our former Chief Executive Officer. The agreement provided for a base salary of $26,000 per year ($2,167 per month)~~ and ~~for~~entities anas ~~annual~~related incentive payment based on the Company’s adjusted net profits (prior to provisions for taxes or refunds thereof, extraordinary gains and losses or executive incentive payments). In addition, Mr. Gulko was entitled to 15 paid vacation days per year, sick leave in accordance with established Company policy, group medical and life insurance, an automobile at a price not to exceed $50,000 or $500 per month, and participation in any Company-sponsored pension and profit-sharing plan. Pursuant to the terms of the employment agreement, the Company could terminate Mr. Gulko’s employment during the initial three-year term of the agreement, in which case it would be required to pay Mr. Gulko the remainder of the base salary owed for the balance of the initial term, plus an amount equal to 12 months of his base salary, with no incentive payment or any other compensation. If terminated by the Company after the initial term of the agreement, the Company would be required to pay Mr. Gulko a payment equal to six months of his base salary. Pursuant to the terms of the employment agreement, Mr. Gulko could terminate the agreement on at least 30 days’ notice, and the Company would, in that case, be required only to pay Mr. Gulko’s base salary up to the date of termination set forth in Mr. Gulko’s notice.parties:

~~Mr. Gulko~~● ~~resigned~~Avangard asAuto ~~Chief~~Finance, ~~Executive~~Inc., ~~Officer~~a onPennsylvania ~~December~~corporation 11company (“AAF”), ~~2013~~is owned 60% by Friedman Financial. ~~Accordingly~~● Avangard Financial Group, MrInc., ~~Gulko’s~~a ~~employment~~Nevada ~~agreement~~corporation ~~was~~(“AFG”) ~~terminated~~is owned by 51% by Friedman Financial. ~~Mr.~~ Friedman ~~has~~Financial ~~served~~is asa principal stockholder of our ~~Chief~~Company ~~Executive~~of ~~Officer~~which ~~since~~3% Mris owned by Simon Friedman. ~~Gulko’s~~● ~~resignation~~Simon onFriedman ~~December~~owns 113% of Friedman Financial, ~~2013.~~a Asprincipal stockholder of ~~September 15~~our Company. ● Commerce Way, ~~2014~~LLC, ~~the~~a ~~Company~~PA ~~has~~limited ~~not~~liability ~~entered~~company, ~~into~~(“Commerce anWay”), ~~employment~~is ~~agreement~~owned ~~with~~70% Mrby SELF, LP. SELF, LP is a shareholder of Friedman Financial Group. ● Friedman Financial Group, LLC, a Delaware limited liability company (“Friedman Financial”), is a principal shareholder of our company of which 3% is owned by Simon Friedman.

~~Outstanding~~Related ~~Equity~~Party ~~Awards at Fiscal Year-End~~Transactions

NoWe ~~executive~~lease ~~officer~~approximately ~~received~~2,000 ~~any~~square ~~equity~~feet ~~awards~~of office space from Commerce Way, orLLC. ~~holds~~During ~~exercisable~~the oryear ~~unexercisable~~ended ~~options~~June 30, as2014, we paid a monthly rental fee of $2,500 on a month-to-month basis. During the year ended June 30, ~~2014~~2015, we paid a flat annual fee of $10,000. We do not have a lease, but are occupying approximately 500 square feet rent free until the company requires additional space.

~~Long-Term~~Officers ~~Incentive~~of ~~Plans~~our Company provide certain administrative services at no charge.

~~There are~~- no14 ~~arrangements or plans in which the Company would provide pension, retirement or similar benefits for directors or executive officers.~~-

~~ITEM~~On 12March 26, 2013, we acquired a portfolio of consumer automobile loans from AAF and AFG for $102,250. ~~SECURITY~~The ~~OWNERSHIP~~receivables OFincluded ~~CERTAIN~~an aggregate ~~BENEFICIAL~~principal ~~OWNERS~~balance ~~AND~~of ~~MANAGEMENT~~approximately $141,868 as of the date of acquisition (the “Current Loans”) and an aggregate ~~AND~~principal ~~RELATED~~balance ~~STOCKHOLDER~~of ~~MATTERS~~approximately $323,449 for non-current loans receivables (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 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.

~~The~~Other ~~following~~current ~~tables~~assets ~~set~~of ~~forth certain information~~$5,024 asat ofJune ~~September 15~~30, ~~2014,~~2015 ~~with~~represent ~~respect~~amounts toowed ~~the~~by ~~beneficial~~Avangard ~~ownership~~Auto ofFinance ~~our common stock~~ and ~~our~~Commerce ~~Series~~Way AOffice ~~Convertible~~Complex ~~Preferred Stock by (i) any holder of more than 5% of our common stock, (ii) each of our executive~~for ~~officers~~payments ~~and~~made ~~directors,~~the ~~and~~Company ~~(iii)~~on ~~our~~their ~~directors~~behalf ~~and~~for ~~executive~~legal ~~officers as a group~~expenses. ~~The~~Other ~~percentage~~current ofassets ~~shares beneficially owned is based upon (a) 10,781,466 shares~~ of ~~common stock outstanding~~$7, ~~(b) 905,~~000 ~~shares~~at ofJune ~~Series A Convertible Preferred Stock outstanding as of September 15~~30, 2014, ~~and~~reflected ~~(c)~~a ~~2,867 outstanding warrants to purchase shares of common stock. Holders of Series A Convertible~~temporary ~~Preferred~~loan ~~Stock are entitled~~ to ~~vote~~Avangard onAuto ~~all matters with the common stockholders~~Finance, ~~voting~~a ~~together~~related ~~as one class~~party. ~~Each~~The ~~share~~loan ~~of Series~~was Afully ~~Convertible~~repaid ~~Preferred~~in ~~Stock~~July ~~is entitled to three votes~~2014.

On ~~June~~July 3010, 2014, wethe ~~filed~~Company aagreed ~~certificate of change~~ to ~~our~~issue ~~amended and restated articles of incorporation with the Secretary of State of the State of Nevada in order~~ to ~~effectuate~~Friedman aFinancial ~~1-for-10~~Group, ~~Reverse~~LLC, ~~Stock Split of our issued and outstanding common stock. As~~ a ~~result~~ ofrelated ~~the~~party, ~~Reverse Stock Split~~9,768,000 ~~every 10~~ shares of ~~our~~the ~~pre-Reverse~~Company’s Common Stock ~~Split~~in ~~common~~exchange ~~stock~~for ~~was combined and reclassified into one share of our common stock~~$925. NoSimon ~~fractional~~Friedman, ~~shares of common stock were issued as a result of~~ the ~~Reverse~~Company’s ~~Stock~~CEO ~~Split.~~and ~~All~~Chairman ~~references to shares~~ of ~~our common stock in~~ the ~~table below~~Board, ashas ~~well~~voting asand ~~elsewhere~~dispositive control inover ~~this~~securities ~~annual~~held ~~report~~by onFriedman ~~Form~~Financial ~~10-K~~Group, ~~refer to the number of shares of common stock after giving effect to the Reverse Stock Split (unless otherwise indicated)~~LLC.

AOn ~~person~~July is10, a2014, ~~“beneficial owner” of a security if that person has or shares voting or investment power over~~ the ~~security or~~Company ifagreed heto orissue ~~she has the right~~ to ~~acquire~~Jerry ~~beneficial~~Kindrachuk ~~ownership~~500,000 ~~within 60 days. All outstanding~~ shares of ~~Series~~the ACompany’s ~~Convertible~~Common ~~Preferred~~ Stock ~~are~~in ~~convertible within 60 days, and all outstanding warrants are exercisable within 60 days. Unless otherwise noted, these~~exchange ~~persons,~~for ~~to our knowledge, have sole voting and investment power over the shares listed~~$50.

Convertible Preferred Stock Series A
	Amount and Nature
	of Beneficial		Percent of Class
Name of Beneficial Owner	Ownership		(1)
Simon Friedman (2)		856,763		94.7	%
Alan Gulko (3)		48,237		5.3	%
All Officers and Directors as a Group (2 persons)		905,000		100	%

On July 10, 2014, the Company agreed to issue to Arkady “Eric” Rayz, a member of the Company’s Board of Directors, 9,000 shares of its Common Stock in exchange for services which were valued at $1.

	(1)	Based on 905,000 shares of Series A Convertible Preferred Stock outstanding.
	(2)	The number of shares beneficially owned by Mr. Friedman, our interim Chief Executive Officer and a Director, represents 856,763 shares of Series A Convertible Preferred Stock owned by Friedman Financial Group, LLC (“Friedman Financial”). Mr. Friedman has voting and dispositive control over securities held by Friedman Financial.
	(3)	Mr. Gulko ceased to be an executive officer and director as of December 13, 2013. The number of shares beneficially owned by Mr. Gulko represents 48,237 shares of Series A Convertible Preferred Stock owned by DJS Investments, LLC (“DJS Investments”). Mr. Gulko has voting and dispositive control over securities held by DJS Investments.

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 which were valued at $1.

19On January 10, 2015, the Company redeemed 320,000 shares of Series A convertible preferred stock held by Friedman Financial for a total redemption price of $320,000.

Common Stock
	Amount and Nature
	of Beneficial		Percent of Class
Name of Beneficial Owner	Ownership		(1)
Simon Friedman (2)		12,330,289		92.3	%
Alan Gulko (3)		634,711		5.8	%
Arkady Rayz		10,000		0.1	%
Robert A. Cornaglia, CPA		10,000		0.1	%
All Executive Officers and Directors as a Group (3 persons)		13,256,500		98.3	%
5% or more owners:
Friedman Financial Group, LLC		10,117,925		96.2	%

During the fiscal year ended June 30, 2015 Friedman Financial Group, our majority shareholder received reimbursement of $25,129 for expenditures made on behalf of the company. In addition, Friedman Financial Group, has submitted requests for reimbursement of $14,941 for expenses related to the Company’s operations.

(1)	Based on 10,781,466 shares outstanding of common stock outstanding and 2,715,000 shares of our common stock giving effect to the conversion of the 905,000 shares of Series A Convertible Preferred Stock currently outstanding.
(2)	The number of shares owned by Mr. Friedman, our interim Chief Executive Officer and a Director, includes 9,760,000 shares of common stock held of record by Friedman Financial Group, LLC and 2,570,289 shares of common stock giving effect to the conversion of the 856,763 shares of Series A Convertible Preferred Stock currently outstanding and owned by Freidman Financial Group, LLC as such shares have voting rights. Mr. Friedman has voting and dispositive control over securities held by Friedman Financial Group, LLC.
(3)	Mr. Gulko ceased to be an executive officer and director on December 13, 2013. The number of shares beneficially owned by Mr. Gulko represents 490,000 shares of common stock held of record by DJS Investments and 144,711 shares of common stock, giving effect to the conversion of the 48,237 shares of Series A Convertible Preferred Stock owned by DJS Investments. Mr. Gulko has voting and dispositive control over securities held by DJS Investments. DJS Investments’ address is 3439 Colonial Circle, Huntingdon Valley, PA 19006.
(4)	Friedman Financial’s address is 2708 Commerce Way, Philadelphia, PA 19154.

During the year ended June 30, 2015, Joseph Friedman & Sons, Inc. received reimbursement of $18,842 for administrative, office and clerical support provided to the Company. At June 30, 2015 the Company had accounts payable to Friedman financial Group of $18,124 for reimbursable expenses incurred on behalf of the Company.

ITEM 1314. ~~CERTAIN~~PRINCIPAL ~~RELATIONSHIPS~~ACCOUNTING ~~AND~~FEES ~~RELATED TRANSACTIONS~~ AND ~~DIRECTOR INDEPENDENCE~~SERVICES

~~List~~The offollowing ~~Related~~table ~~Parties~~shows the fees that were billed for the audit and other services provided by Friedman LLP for the fiscal years ended June 30, 2015 and 2014.

We have specified the following persons and entities as related parties:

	2015		2014
Audit Fees	$	34,274	$	40,000
Audit-Related Fees		-		4,000
Tax Fees		-		1,500
All Other Fees		-		1,000

Total	$	34,274	$	46,500

●Audit Fees ~~Avangard~~- ~~Auto~~This ~~Finance,~~category ~~Inc.,~~includes athe ~~Pennsylvania~~audit ~~corporation~~of ~~company~~our ~~(“AAF”),~~annual isfinancial ~~owned 60% by Friedman Financial. ● Avangard Financial Group~~statements, ~~Inc.,~~review aof ~~Nevada~~financial ~~corporation~~statements ~~(“AFG”)~~included isin ~~owned~~our quarterly byreports ~~51%~~on byForm ~~Friedman~~10-Q ~~Financial.~~and ~~Friedman~~services ~~Financial~~that isare anormally ~~principal~~provided ~~stockholder of our Company of which 3% is owned~~ by ~~Simon~~the ~~Friedman.~~independent ●registered ~~Simon~~public ~~Friedman~~accounting ~~owns~~firm 3%in connection ofwith ~~Friedman~~engagements ~~Financial,~~for athose ~~principal~~fiscal ~~stockholder of our Company~~years. ●This ~~Commerce~~category ~~Way,~~also ~~LLC,~~includes aadvice PAon ~~limited~~audit ~~liability~~and ~~company,~~accounting ~~(“Commerce~~matters ~~Way”),~~that ~~is owned 70% by SELF~~arose during, ~~LP.~~or ~~SELF,~~as ~~LP is~~ a ~~shareholder~~result of ~~Friedman Financial Group. ● Friedman Financial Group~~, ~~LLC,~~the aaudit ~~Delaware~~or ~~limited~~the ~~liability~~review ~~company (“Friedman Financial”), is a principal shareholder~~ of ~~our~~interim ~~company~~financial ~~of which 3% is owned by Simon Friedman~~statements.

20Audit-Related Fees - This category consists of assurance and related services by the independent registered public accounting firm that are reasonably related to the performance of the audit or review of our financial statements and are not reported above under “Audit Fees.” The services for the fees disclosed under this category include consultation regarding our correspondence with the SEC and other accounting consulting.

~~Related~~Tax ~~Party~~Fees ~~Transactions~~- This category consists of professional services rendered by our independent registered public accounting firm for tax compliance and tax advice. The services for the fees disclosed under this category include tax return preparation and technical tax advice.

~~We lease~~- ~~approximately~~15 ~~2,000 square feet of office space from Commerce Way , LLC at a monthly rental of $2,500 on a month~~-~~to-month basis.~~

~~Officers~~All ofOther ~~our~~Fees ~~Company~~- ~~provide~~This ~~certain~~category ~~administrative~~consists ~~services~~of atfees nofor ~~charge~~other miscellaneous items.

OnOur ~~March~~Board ~~26,~~of ~~2013,~~Directors wehas ~~acquired~~adopted a ~~portfolio~~procedure offor ~~consumer~~pre-approval ~~automobile~~of ~~loans~~all ~~from~~fees ~~AAF~~charged ~~and~~by ~~AFG~~our ~~for~~independent ~~$102,250.~~registered ~~The~~public ~~receivables included an~~accounting ~~aggregate~~firm. ~~principal~~Under ~~balance~~the ~~of approximately $141~~procedure,~~868~~ ~~as of~~ the ~~date~~Board ofapproves ~~acquisition (~~the ~~“Current~~engagement ~~Loans”)~~letter ~~and~~with anrespect ~~aggregate principal~~to ~~balance of approximately $323~~audit,~~449~~ ~~for~~tax ~~non-current~~and ~~loans~~review ~~receivables (the “Non-Current Loans”)~~services. ~~The~~Other ~~sellers~~fees ~~guaranteed~~are subject to uspre-approval ~~that~~by ~~we will recover no less than 70% of~~ the ~~aggregate~~Board, ~~amount~~or, ofin the ~~Current~~period ~~Loans.~~between Ifmeetings, weby ~~recover~~a ~~less~~designated ~~than~~member ~~70%~~ of ~~the~~Board. ~~aggregate~~Any ~~amount~~such ofapproval by the ~~Current~~designated ~~Loans,~~member ~~the~~is ~~sellers~~disclosed ~~agreed~~ to ~~pay~~ the ~~difference to us upon demand. In 2014, we recovered our~~ entire ~~investment~~Board inat the ~~loan~~next ~~portfolio and collected 100% of the aggregate amount paid by the Company to acquire the loan portfolio~~meeting. ~~On February 19, 2014, we transferred all remaining loans receivable to AAF.~~

~~Related~~PART ~~party receivable of $7,000 reflects a temporary loan to Avangard Auto Finance, a related party. The loan was fully repaid in July 2014.~~IV

OnITEM ~~July 10, 2014, the Company agreed to issue to Friedman Financial Group, LLC, a related party, 9,250,000 shares of the Company’s Common Stock in exchange for $925~~15. ~~Simon Friedman~~EXHIBITS, ~~the~~FINANCIAL ~~Company’s~~STATEMENT ~~CEO and Chairman of the Board, has voting and dispositive control over securities held by Friedman Financial Group, LLC.~~SCHEDULES

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.

(a)	1.	Financial Statements

		The financial statements and report of independent registered public accounting firm are included on pages F-1 through F-11.

	2.	Financial Statement Schedules

		All schedules for which provision is made in the applicable accounting regulations of the SEC are either not required under the related instructions, are not applicable (and therefore have been omitted), or the required disclosures are contained in the financial statements included herein.

	3.	Exhibits (including those incorporated by reference).

Exhibit No.		Description

3.1(a)		Articles of Incorporation, filed June 13, 2012 (Incorporated by reference to Exhibit 3.1 of the Registration Statement on Form S-1 filed on November 11, 2012).

3.1(b)		Amended and Restated Articles of Incorporation including Series A preferred stock designation (Incorporated by reference to Exhibit 3.1(a) of the Registration Statement on Form S-1 filed on November 11, 2012).

3.1(c)		Certificate of Change filed on June 26, 2014 (Incorporated by reference to Exhibit 3.1(c) of the Annual Report on Form 10-K filed on September 30, 2014).

3.1(d)		Certificate of Correction filed on September 18, 2014 (Incorporated by reference to Exhibit 3.1(d) of the Annual Report on Form 10-K filed on September 30, 2014).

3.2		Bylaws of Avangard Capital Group Inc. (Incorporated by reference to Exhibit 3.2 of the Registration Statement on Form S-1 filed on November 11, 2012).

4.1		Specimen Common Stock Certificate (Incorporated by reference to Exhibit 4.1 of the Registration Statement on Form S-1 filed on November 11, 2012).

4.1(a)		Specimen Preferred Stock Certificate (Incorporated by reference to Exhibit 4.1(a) of the Registration Statement on Form S-1 filed on November 11, 2012).

4.2		Form of Warrant Agreement (Incorporated by reference to Exhibit 4.3 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).

4.3		Form of Unit Certificate (Incorporated by reference to Exhibit 4.4 of the Registration Statement on Form S-1 filed on November 11, 2012).

4.4		Series A Preferred Stock Subscription Agreement (Incorporated by reference to Exhibit 4.5 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).

~~On July~~- ~~10,~~16 ~~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 which were valued at $1.~~-

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

4.5		Unit Subscription Agreement (Incorporated by reference to Exhibit 4.6 of the Registration Statement on Form S-1/A (Amendment No. 3) filed on February 11, 2012).

10.1		Assignment Agreement between Avangard Capital Group Inc. and Avangard Auto Finance, Inc. dated June 13, 2012 (Incorporated by reference to Exhibit 10.1 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).

10.2		Floor Plan Agreement with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.2 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).

10.3		Demand Promissory Note with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.3 of the Registration Statement on Form S-1 filed on November 11, 2012).

10.4		Business Line of Credit Agreement with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.4 of the Registration Statement on Form S-1 filed on November 11, 2012).

10.5		Surety Agreement with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.5 of the Registration Statement on Form S-1 filed on November 11, 2012).

10.6		Confessions of Judgment with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.6 of the Registration Statement on Form S-1 filed on November 11, 2012).

10.7		Lease Agreement between Avangard Capital Group, Inc. and Commerce Way, LP, dated June 15, 2012 (Incorporated by reference to Exhibit 10.7 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).

14.1		Avangard Auto Finance, Inc. Code of Business Conduct and Ethics (Incorporated by reference to Exhibit 99.1 of the Registration Statement on Form S-1 filed on November 11, 2012).

24.1*		Power of Attorney (included on signature page).

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 Document

101.CAL*		XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF*		XBRL Taxonomy Extension Definition Linkbase Document

101.LAB*		XBRL Taxonomy Extension Label Linkbase Document

101.PRE*		XBRL Taxonomy Extension Presentation Linkbase Document

~~The following~~* ~~table~~Filed ~~shows the fees that were billed for the audit and other services provided by Friedman LLP for the fiscal years ended June 30, 2014 and 2013~~herewith.

	2014		2013
Audit Fees		40,000	$	62,000
Audit-Related Fees		4,000
Tax Fees		1,500
All Other Fees		1,000
Total		46,500	$	62,000

- 17 -

Audit Fees — This category includes the audit of our annual financial statements, review of financial statements included in our quarterly reports on Form 10-Q and services that are normally provided by the independent registered public accounting firm in connection with engagements for those fiscal years. This category also includes advice on audit and accounting matters that arose during, or as a result of, the audit or the review of interim financial statements.SIGNATURES

~~Audit-Related~~Pursuant ~~Fees — This category consists of assurance and related services by the independent registered public accounting firm that are reasonably related~~ to the ~~performance~~requirements of ~~the~~Section ~~audit~~13 or ~~review~~15(d) of ~~our~~the ~~financial~~Securities ~~statements~~Exchange ~~and~~Act ~~are~~of ~~not~~1934, ~~reported above under “Audit Fees.” The services for~~ the ~~fees~~registrant ~~disclosed~~has ~~under~~duly caused this ~~category~~report to ~~include~~be ~~consultation~~signed ~~regarding~~on ~~our~~its ~~correspondence with~~behalf by the ~~SEC~~undersigned, ~~and~~thereunto ~~other~~duly ~~accounting consulting~~authorized.

Tax Fees — This category consists of professional services rendered by our independent registered public accounting firm for tax compliance and tax advice. The services for the fees disclosed under this category include tax return preparation and technical tax advice.

	Avangard Capital Group, Inc.

Date: October 13, 2015	By:	/s/ Simon Friedman
		Simon Friedman, Chief Executive Officer

~~All~~POWER ~~Other~~OF ~~Fees — This category consists of fees for other miscellaneous items.~~ATTORNEY

~~Our~~KNOW ~~Board~~ALL ofPERSONS ~~Directors~~BY ~~has~~THESE ~~adopted~~PRESENTS, athat ~~procedure~~each ~~for~~person ~~pre~~whose signature appears below constitutes and appoints Simon Friedman as his true and lawful attorney-~~approval~~in-fact and agent, with full power of ~~all~~substitution ~~fees~~and ~~charged~~resubstitution, byfor ~~our~~him ~~independent~~and ~~registered~~in ~~public~~his ~~accounting~~name, place and ~~firm.~~stead, ~~Under~~in any and all capacities, to sign any and all amendments to the ~~procedure~~annual report, which amendments may make such changes in the ~~Board~~annual ~~approves~~report as the ~~engagement~~attorney-in-fact ~~letter~~deems ~~with~~appropriate ~~respect~~and to ~~audit~~file the same, ~~tax~~with all exhibits thereto and ~~review~~other ~~services.~~documents in ~~Other~~connection ~~fees~~therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent, full power ~~are~~and ~~subject~~authority to ~~pre-approval~~do byand ~~the~~perform ~~Board~~each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that such attorney-in-fact and ~~the~~agent ~~period~~or ~~between~~his ~~meetings~~substitutes or substitute, bymay alawfully ~~designated~~do ~~member~~or ofcause ~~Board~~to be done by virtue hereof. ~~Any~~Pursuant ~~such~~to ~~approval~~the requirements of the Securities Exchange Act of 1934, this report has been signed below by the ~~designated~~following ~~member~~persons ison ~~disclosed~~behalf toof the ~~entire~~registrant and ~~Board~~in atthe capacities and on the ~~next~~dates ~~meeting~~indicated.

Signature	Title	Date

	Chief Executive Officer and Director
/s/ Simon Friedman	(principal executive officer and principal financial
Simon Friedman	and accounting officer)	October 13, 2015

/s/ Arkady “Eric” Rayz
Arkady “Eric” Rayz	Director	October 13, 2015

/s/ Robert A. Cornaglia
Robert A. Cornaglia	Director	October 13, 2015

~~PART IV~~- 18 -

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a)	1.	Financial Statements
		The financial statements and report of independent registered public accounting firm are included on pages F-1 through F-12.
	2.	Financial Statement Schedules
		All schedules for which provision is made in the applicable accounting regulations of the SEC are either not required under the related instructions, are not applicable (and therefore have been omitted), or the required disclosures are contained in the financial statements included herein.
	3.	Exhibits (including those incorporated by reference).

Exhibit No.		Description
3.1(a)		Articles of Incorporation, filed June 13, 2012 (Incorporated by reference to Exhibit 3.1 of the Registration Statement on Form S-1 filed on November 11, 2012).
3.1(b)		Amended and Restated Articles of Incorporation including Series A preferred stock designation (Incorporated by reference to Exhibit 3.1(a) of the Registration Statement on Form S-1 filed on November 11, 2012).
3.1(c)*		Certificate of Change filed on June 26, 2014.
3.1(d)*		Certificate of Correction filed on September 18, 2014.
3.2		Bylaws of Avangard Capital Group Inc. (Incorporated by reference to Exhibit 3.2 of the Registration Statement on Form S-1 filed on November 11, 2012).
4.1		Specimen Common Stock Certificate (Incorporated by reference to Exhibit 4.1 of the Registration Statement on Form S-1 filed on November 11, 2012).
4.1(a)		Specimen Preferred Stock Certificate (Incorporated by reference to Exhibit 4.1(a) of the Registration Statement on Form S-1 filed on November 11, 2012).
4.2		Form of Warrant Agreement (Incorporated by reference to Exhibit 4.3 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).
4.3		Form of Unit Certificate (Incorporated by reference to Exhibit 4.4 of the Registration Statement on Form S-1 filed on November 11, 2012).
4.4		Series A Preferred Stock Subscription Agreement (Incorporated by reference to Exhibit 4.5 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).
4.5		Unit Subscription Agreement (Incorporated by reference to Exhibit 4.6 of the Registration Statement on Form S-1/A (Amendment No. 3) filed on February 11, 2012).
10.1		Assignment Agreement between Avangard Capital Group Inc. and Avangard Auto Finance, Inc. dated June 13, 2012 (Incorporated by reference to Exhibit 10.1 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).

10.2		Floor Plan Agreement with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.2 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).
10.3		Demand Promissory Note with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.3 of the Registration Statement on Form S-1 filed on November 11, 2012).
10.4		Business Line of Credit Agreement with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.4 of the Registration Statement on Form S-1 filed on November 11, 2012).
10.5		Surety Agreement with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.5 of the Registration Statement on Form S-1 filed on November 11, 2012).
10.6		Confessions of Judgment with Autosource Enterprises, Inc. (Incorporated by reference to Exhibit 10.6 of the Registration Statement on Form S-1 filed on November 11, 2012).
10.7		Lease Agreement between Avangard Capital Group, Inc. and Commerce Way, LP, dated June 15, 2012 (Incorporated by reference to Exhibit 10.7 of the Registration Statement on Form S-1/A (Amendment No. 1) filed on December 31, 2012).
10.8+		Employment Agreement between Avangard Capital Group, Inc. and Alan Gulko dated June 15, 2013.
14.1		Avangard Auto Finance, Inc. Code of Business Conduct and Ethics (Incorporated by reference to Exhibit 99.1 of the Registration Statement on Form S-1 filed on November 11, 2012).
24.1*		Power of Attorney (included on signature page).
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 Document
101.CAL**		XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF**		XBRL Taxonomy Extension Definition Linkbase Document
101.LAB**		XBRL Taxonomy Extension Label Linkbase Document
101.PRE**		XBRL Taxonomy Extension Presentation Linkbase Document

+		Management contract or compensatory plan or arrangement.
*		Filed herewith.
**		XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of this Annual Report on Form 10-K for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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: September 30, 2014	By:	/s/ Simon Friedman
		Simon Friedman, Chief Executive Officer

POWER OF ATTORNEY

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Simon Friedman as his true and lawful attorney-in-fact and agent, with full power of substitution and resubstitution, for him and in his name, place and stead, in any and all capacities, to sign any and all amendments to the annual report, which amendments may make such changes in the annual report as the attorney-in-fact deems appropriate and to file the same, with all exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming all that such attorney-in-fact and agent or his substitutes or substitute, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date
	Chief Executive Officer and Director
/s/ Simon Friedman	(principal executive officer and principal financial
Simon Friedman	and accounting officer)	September 30, 2014
/s/ Arkady “Eric” Rayz
Arkady “Eric” Rayz	Director	September 30, 2014
/s/ Robert A. Cornaglia
Robert A. Cornaglia	Director	September 30, 2014

Filing Compare · Avangard Capital Group, Inc