3 Summary of Significant Accounting Policies
Company's unaudited interim financial statements are presented as those of a development stage enterprise. Activities during the
development stage primarily include equity based financing and further implementation of the business plan. The Company has not
generated any revenues since inception. The Company has not clearly identified how it will operate its business, only that it
will explore commercial feasibility.
Company's operations will be subject to significant risk and uncertainties including financial, operational, technological, regulatory
and other risks associated with a development stage company, including the potential risk of business failure.Also,
see Note 4 regarding going concern matters.
preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities
at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.
estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect
of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered
in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual
results could differ significantly from estimates.
and Cash Equivalents
Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to
be cash equivalents. The Company had no cash equivalents at March 31, 2012 and September 30, 2011.
Company minimizes its credit risk associated with cash by periodically evaluating the credit quality of its primary financial
institution. The balance at times may exceed federally insured limits. At March 31, 2012 and September 30, 2011, there were no
balances that exceeded the federally insured limit.
Loss per Share Calculation
earnings (loss) per share are computed by dividing net income (loss) by weighted average number of shares of common stock outstanding
during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number
of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company
has no common stock equivalents.
the Company reflected a net loss, the effect of considering any common stock equivalents, if outstanding, would have been anti-dilutive.
A separate computation of diluted earnings (loss) per share is not presented.
are no recent accounting pronouncements that are expected to have an effect on the Companys financial statements.