10-Q
2011-12-31
false
FIRST AMERICAN GROUP INC.
0001504678
--09-30
2381282
Smaller Reporting Company
Yes
No
No
2012
Q1
29029
30300
1000
1000
30029
31300
5990
6322
325
325
6315
6647
2401
2361
53460
49475
-32147
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23714
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30029
31300
0.001
0.001
50000000
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2361450
2401700
2361450
4358
2000
25176
606
379
6971
4964
2379
32147
-4964
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-32147
0.00
0.00
2381282
2000000
-4964
-2379
-32147
0
0
-1000
-332
2000
5990
-5296
-379
-27132
4025
0
55861
0
0
325
4025
0
56186
-1271
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29029
30300
8224
0
29029
7845
<!--egx--><pre>NOTE 1 - BASIS OF PRESENTATION</pre><pre> </pre><pre>The accompanying financial statements have been prepared in ccordance with</pre><pre>United States generally accepted accounting principles for financial information</pre><pre>and in accordance with rules of the Securities and Exchange Commission. They</pre><pre>reflect all adjustments which are, in the opinion of the Company's management,</pre><pre>necessary for a fair presentation of the financial position and operating</pre><pre>results as of and for the period March 11, 2010 (date of inception) to December</pre><pre>31,2011. The results of operations for the interim period are not necessarily</pre><pre>indicative of the results to be expected for the full year. Notes to the</pre><pre>financial statements which would substantially duplicate the disclosures</pre><pre>contained in the audited financial statements for the most recent fiscal period,</pre><pre>as reported in the Form 10-K, have been omitted.</pre>
<!--egx--><pre>NOTE 2 - GOING CONCERN</pre><pre> </pre><pre>For the three months ended December 31, 2011, the Company had a net loss of</pre><pre>$4,964 and has had no revenue and limited cash resources. These factors raise</pre><pre>substantial doubt about the Company's ability to continue as a going concern.</pre><pre> </pre><pre>As of December 31, 2011, the Company has not emerged from the development stage.</pre><pre>In view of these matters, recoverability of any asset amounts shown in the</pre><pre>accompanying audited financial statements is dependent upon the Company's</pre><pre>ability to begin operations and to achieve a level of profitability. Since</pre><pre>inception, the Company has financed its activities principally from the sale of</pre><pre>equity securities. The Company intends on financing its future development</pre><pre>activities and its working capital needs largely from loans and the sale of</pre><pre>public equity securities with some additional funding from other traditional</pre><pre>financing sources, including term notes, until such time that funds provided by</pre><pre>operations are sufficient to fund working capital requirements.</pre>
<!--egx--><pre>NOTE 3 - STOCKHOLDERS' EQUITY</pre><pre> </pre><pre>During the three months ended December 31, 2011, the company raised $4,025</pre><pre>through the issuance of 40,250 common shares at $0.10 per share.</pre>
<!--egx--><pre>NOTE 4 - RELATED PARTY</pre><pre> </pre><pre>As of December 31, 2011the Director of the Company advanced $325 to pay expenses</pre><pre>on behalf of the Company. The advances bear no interest, are unsecured, and are</pre><pre>due on demand.</pre>
0001504678
2011-10-01
2011-12-31
0001504678
2012-02-03
0001504678
2011-12-31
0001504678
2011-09-30
0001504678
2010-10-01
2010-12-31
0001504678
2010-03-11
2011-12-31
0001504678
2010-09-30
0001504678
2010-03-10
0001504678
2010-12-31
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shares
iso4217:USD
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