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Background & Basis of Presentation
6 Months Ended 12 Months Ended
Dec. 31, 2011
Jun. 30, 2011
Notes to Financial Statements    
Background & Basis of Presentation

Note 1: Background and Basis of Presentation

 

American Realty Funds Corporation (the “Company”) was incorporated on February 22, 2010 (Date of Inception) in the State of Tennessee.  The Company focuses on acquiring, renovating and reselling residential real estate.

The accompanying unaudited financial statements have been prepared by management in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  In the opinion of management, all adjustments, consisting only of normal and recurring adjustments considered necessary for a fair statement, have been included.  The reported results of operations are not necessarily indicative of the results that may be expected for the full year.  These financial statements should be read in conjunction with the audited financial statements and accompanying notes for the fiscal year ended June 30, 2011.

 

Note 1:  Organization and Basis of Presentation

 

American Realty Funds Corporation (“the Company”) was incorporated on February 22, 2010 (Date of Inception) in the State of Tennessee. The Company purchases, renovates and resells residential real estate in the United States.  

 

Basis of presentation

 

The Financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States of America.