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2. Basis of Presentation
9 Months Ended
Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
2. Basis of Presentation

Note 2 – Basis of Presentation

 

The unaudited financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). These unaudited financial statements have been prepared in accordance with the accounting policies described in the Company’s audited financial statements included in form 8-k filed by Milwaukee Iron Professional Arena Football, Inc. with the SEC on October 29, 2014 for the fiscal year ended June 30, 2014 and do not include all information and footnote disclosures included in our audited financial statements. In the opinion of management, the accompanying unaudited financial statements include all adjustments, consisting of normal recurring adjustments and accruals, necessary to present fairly, in all material respects, the financial condition, results of operations and cash flows for the periods presented. Operating results for the six and three months ended December 31, 2014 are not necessarily indicative of the results that may be expected for the full fiscal year or any other period. These unaudited financial statements should be read in conjunction with the Company’s audited financial statements included in form 8-k filed by Milwaukee Iron Professional Arena Football, Inc. with the SEC on October 29, 2014.

 

The Company has elected to adopt early application of Accounting Standards Update No. 2014-10, Development Stage Entities (Topic 915): Elimination of Certain Financial Reporting Requirements; and no longer presents or discloses inception-to-date information and other remaining disclosure requirements of Topic 915.